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Sustainable value creation and organizational performance in industrial manufacturing companies

Julio César Acosta-Prado (School of Business Science, Universidad del Pacífico, Lima, Peru and School of Management, Universidad Externado de Colombia, Bogota, Colombia)
Julián Andrés Gómez Sánchez (School of Accounting, Economic and Business Sciences, Universidad de Manizales, Manizales, Colombia)
Oscar Hernán López-Montoya (School of Economic and Administrative Sciences, Universidad del Tolima, Ibague, Colombia)
Arnold Alejandro Tafur-Mendoza (Research Center (CIUP), Universidad del Pacífico, Lima, Peru)

Measuring Business Excellence

ISSN: 1368-3047

Article publication date: 19 May 2022

Issue publication date: 15 March 2023




This study aims to analyze the influence of sustainable value creation (composed of social, economic and environmental dimensions) on organizational performance in Colombian industrial manufacturing companies.


This study had a sample of 1,572 companies belonging to the Colombian manufacturing industrial sector. These companies were consulted by the survey of technological development and innovation in the manufacturing industry EDIT IX. For this study’s purpose, a model was developed from a variance-based structural equation modeling or partial least squares.


The results indicated that the associated mechanisms of the social, economic and environmental dimensions contribute in a significant, positive and large way to the creation of sustainable value for the companies studied. The findings show the importance of the social, economic and environmental dimensions in the creation of sustainable value and in turn, their influence on organizational performance.

Social implications

The findings obtained provide industrial companies and society with resources to understand that economic development can respond to business logic different from those imposed by current neoliberal models.


This study provides an understanding of the value capture mechanisms of small- and medium-sized companies considering the environmental needs of the territory and the community where the business activities take place while generating economic profitability for the other stakeholders.



Acosta-Prado, J.C., Gómez Sánchez, J.A., López-Montoya, O.H. and Tafur-Mendoza, A.A. (2023), "Sustainable value creation and organizational performance in industrial manufacturing companies", Measuring Business Excellence, Vol. 27 No. 1, pp. 143-156.



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