Importance of Business Process Quality for Creating Added Value and Raising Reputation of Companies in Low-Carbon Economy

Autor: Jarmila Straková, Yaroslava Kostiuk
Jazyk: angličtina
Rok vydání: 2023
Předmět:
Zdroj: Energies, Vol 16, Iss 17, p 6388 (2023)
Druh dokumentu: article
ISSN: 1996-1073
DOI: 10.3390/en16176388
Popis: In an era of increasing environmental challenges, the transition to a low-carbon economy is an essential step for the manufacturing and industrial sectors. The quality of business processes plays a key role in the transition to a zero-carbon economy. The objective of the paper was, thus, to analyze the break-even point in core and supporting business processes using the proposed linear model based on regression analysis. The aim was to identify the impact of qualitative processes in the pre-production, production, and post-production phases on reaching the break-even point and how these processes affect profits in engineering companies operating in low-carbon sectors. The results suggest that supporting quality processes would generate the highest profit. Investing in improving the quality of core and supporting business processes has a twofold impact, as it improves the bottom line of enterprises through enhancing their reputation as socially responsible businesses. Corporate reputation based on corporate social responsibility in a low-carbon economy represents a valuable intangible asset that helps industrial companies to develop a sustainable and thriving low-carbon business ecosystem.
Databáze: Directory of Open Access Journals
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