Decoding the Impact of Sustainable Business Practices on Business Performance in Apparel Industry
Published: 2023
Author(s) Name: Mathangi V., Lakshmi P. |
Author(s) Affiliation: Sardar Vallabhbhai Patel International School of Textiles and Management, Coimbatore, Tamil Nadu
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Abstract
Sustainable business practices have become the order of the day, and social responsiveness is a key aspect, especially in the domain of international trade. Sustainability has pronounced greater meaning and importance in today’s parlance. Sustainable development involves focusing on the social, environmental and economic aspects of business. It is quite imperative that business performance depends largely on developing sustainable practices. The research aims to recognising the significance of sustainable business practices in improving the competitiveness of apparel companies. The paper throws light on the relationship between influencing factors of sustainable business practices, such as quality, environment and social standards over business performance, in the context of Apparel Clusters in Tamil Nadu. The findings will benefit the apparel industry by facilitating understanding, adaptation, and avail the advantages of implementing internationally commended quality, environment and social standards and become more competitive in the long run.
Keywords: Sustainability, Quality, Environment, Social Standards, Apparel, Business Performance
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