China, business and sustainability: understanding the strategic convergence

Abstract

Purpose

The purpose of this paper is to argue that, despite the attention given to China's rising importance in the international marketplace, there has not been a corresponding attention given to the sustainability dimensions i.e. social and environmental dimensions of this economic development trajectory. Specifically, what type of business strategy can and will best serve the economic, environmental and social needs of China, and what role if any can the private sector play facilitating the development of such a strategy?

Design/methodology/approach

The paper first examines the evolving relationship between business and sustainable development. Second, the sustainability challenge within the regional context in the Asia‐Pacific region is outlined. Third, the sustainability challenges posed by China's rise in the global economy are analyzed and the impacts of these challenges on current and future business strategies examined. Findings.– In order to fully understand the strategic convergence between China, business and sustainability concerns, it is important to understand the evolving relationship between business and sustainable development as well as the sustainability challenge within the regional context in the Asia‐Pacific region, and assess the impacts of these issues on current and future business strategies in China.

Research limitations/implications

The next step for research will be to explore if the new sustainable business models can be designed and implemented which are suitable to the market reality of China's economy.

Originality/value

The value of this paper is to seek new ideas for business strategy and new venture creation that incorporates a triple bottom line (economic, environment and social) perspective.

Citation

Park, J. (2008), "China, business and sustainability: understanding the strategic convergence", Management Research News, Vol. 31 No. 12, pp. 951-958. https://doi.org/10.1108/01409170810920657