Abstract
Worrying phenomena connected to climate change need to be treated effectively as they can lead to negative consequences in peoples’ lives. At the same time, as businesses are dominant forms of social organization, it can contribute to the forming of the natural environment. This interaction has led businesses to face a set of new challenges concerning environmental management. However, the effective response to these challenges is not just only an obligation for businesses; it can also lead them to the development of a competitive advantage as many researchers state. The aim of this paper is to propose the framework of applying operational research models in the creation of competitive advantage based on green entrepreneurship principles and the sustainable management of the environment. Such mathematical models are based on differential equations and were originally used to predict the outcome of battles. However, the similarity of business competition to battlefields has led to several applications of such models in business cases.
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsReferences
Ambec S, Lanoie P (2008) Does it pay to be green? A systematic overview. Acad Manag Perspect 22(4):45–62
Arabatzis G, Galatsidas S, Intze C, Chalikias M, Tsiantikoudis S, Mamalis S (2015) Green entrepreneurship and green products: consumers’ views and attitudes in regional unit of Evros. In: Proceedings of the 7th International Conference on ICT in Agriculture, Food and Environment (HAICTA 2015). Kavala, September 2015. Athens: HAICTA, pp 291–297
Becker-Olsen L, Cudmore A, Hill P (2006) The impact of perceived corporate social responsibility on consumer behaviour. J Bus Res 59(1):46–53
Black JA, Boal KB (1994) Strategic resources: traits, configurations and paths to sustainable competitive advantage. Strateg Manag J 15:131–148
Chalikias M, Kalaitzidis I, Karasavvidis G, Pechlivanis EF (2010a) Relationship between sustainable farming and agricultural training: The case of Pella prefecture (Northern Greece). J Food Agric Environ 8(3–4 Part 2):1388–1393
Chalikias M, Kyriakopoulos G, Kolovos KG (2010b) Environmental sustainability and financial feasibility evaluation of wood fuel biomass used for a potential replacement of conventional space heating sources. Part I: A Greek case study. Oper Res 10(1):43–56
Chalikias M, Skordoulis M (2014) Implementation of Richardson’s arms race model in advertising expenditure of two competitive firms. Appl Math Sci 8(81):4013–4023
Chalikias M, Skordoulis M (2016) Implementation of FW Lanchester’s combat model in a supply chain in duopoly: the case of Coca-Cola and Pepsi in Greece. Oper Res Int J 17:737–745. https://doi.org/10.1007/s12351-016-0226-0
Chalikias M, Lalou P, Skordoulis M (2016a) Modeling advertising expenditures using differential equations: the case of an oligopoly data set. Int J Appl Math Stat 55(2):23–31
Chalikias M, Lalou P, Skordoulis M (2016b) Modeling a bank data set using differential equations: the case of the Greek banking sector. In: Proceedings of 5th International Symposium and 27th National Conference on Operation Research. Piraeus, June 2016. Piraeus: Hellenic Operation Research Society, pp 113–116
Chaudha A, Jain R, Singh AR, Mishra PK (2011) Integration of Kano’s Model into quality function deployment (QFD). Int J Adv Manuf Technol 53(5–8):689–698
Chintagunta PK, Vilcassim NJ (1992) An empirical investigation of advertising strategies in a dynamic duopoly. Manag Sci 38(9):1230–1244
Dangelico RM, Pujari D (2010) Mainstreaming green product innovation: Why and how companies integrate environmental sustainability. J Bus Ethics 95(3):471–486
Daras, N. (2001). Differential equations and mathematical theories of war. Volume II. Athens: Evelpidon Military Academy.
DesJardins JR (2007) Business, ethics, and the environment: Imagining a sustainable future. Pearson Prentice Hall, Upper Saddle River, NJ
De Souza RG, Clímaco JCN, Sant’ Anna AP, Rocha TB, Do Valle RDAB, Quelhas OLG (2016) Sustainability assessment and prioritisation of e-waste management options in Brazil. Waste Manag 57:46–56
Erickson, G. (1992) Empirical analysis of closed-loop duopoly advertising strategies. Management Science. 38(12):1732–1749
Fehlmann T (2008) New Lanchester theory for requirements prioritization. In: Proceedings of the Second International Workshop on Software Product Management. Barcelona, September 2008. Bacelona: I.E.E.E, pp 35–40
Figge F, Hahn T, Schaltegger S, Wagner M (2002) The sustainability balanced scorecard–linking sustainability management to business strategy. Bus Strateg Environ 11(5):269–284
Fruchter G, Kalish S (1997) Closed-loop advertising strategies in a duopoly. Manag Sci 43(1):54–63
Hutchinson C (1992) Corporate strategy and the environment. Long Range Plan 25(4):9–21
Hwarng HB, Teo C (2001) Translating customers’ voices into operations requirements - A QFD application in higher education. Int J Qual Reliab Manag 18(2):195–226
Jayeola O (2015) The impact of environmental sustainability practice on the financial performance of SMEs: A study of some selected SMEs in Sussex. Int J Bus Manag Econ Res 6(4):214–230
Kaplan RS, Norton DP (2005) The balanced scorecard: measures that drive performance. Harv Bus Rev 83(7):172
King A, Lenox M (2001) Does it really pay to be green? An empirical study of firm environmental and financial performance. J Ind Ecol 5(1):105–116
Kolovos KG, Kyriakopoulos GL, Chalikias M (2011) Co-evaluation of basic wood fuel types used as alternative heating sources to existing energy network. J Environ Prot Ecol 12(2):733–742
Kyriakopoulos G, Kolovos KG, Chalikias MS (2010a) Environmental sustainability and financial feasibility evaluation of wood fuel biomass used for a potential replacement of conventional space heating sources. Part IΙ: A combined Greek and the nearby Balkan Countries case study. Oper Res 10(1):57–69
Kyriakopoulos GL, Kolovos KG, Chalikias M (2010b) Wood fuels prosperity towards a more sustainable energy production. In: World Summit on Knowledge Society: 19–25. Springer, Berlin Heidelberg
Lam JSL, Lai KH (2015) Developing environmental sustainability by ANP-QFD approach: the case of shipping operations. J Clean Prod 105:275–284
Lanchester FW (1916) Aircraft in warfare: the dawn of the fourth arm. Constable Limited, London
Lanchester FW (1956) Mathematics in warfare. The World of Mathematics 4:2138–2157
Lawrence L, Andrews D, Ralph B, France C (2002) Identifying and assessing environmental impacts: investigating ISO 14001 approaches. TQM Mag 14(1):43–50
Lee SY (2008) Drivers for the participation of small and medium-sized suppliers in green supply chain initiatives. Supply Chain Manag Int J 13(3):185–198
Lin Y, Cheng HP, Tseng ML, Tsai JC (2010) Using QFD and ANP to analyze the environmental production requirements in linguistic preferences. Expert Syst Appl 37(3):2186–2196
Malesios C, Skouloudis A, Dey PK, Abdelaziz FB, Kantartzis A, Evangelinos K (2018) The impact of SME sustainability practices and performance on economic growth from a managerial perspective: Some modeling considerations and empirical analysis results. Bus Strategy Environ, In Press
Melville NP (2010) Information systems innovation for environmental sustainability. MIS Q 34(1):1–21
Naidu N, Badu K, Rajendra G (2007) Operations research: question bank. I.K. International Publishing House, New Delhi
Nidumolu R, Prahalad CK, Rangaswami MR (2009) Why sustainability is now the key driver of innovation. Harv Bus Rev 87(9):56–64
Ntanos S, Kyriakopoulos G, Chalikias M, Arabatzis G, Skordoulis M (2018a) Public perceptions and willingness to pay for renewable energy: a case study from Greece. Sustainability 10(3):687
Ntanos S, Kyriakopoulos G, Chalikias M, Arabatzis G, Skordoulis M, Galatsidas S, Drosos D (2018b) Social assessment of renewable energy sources usage and contribution to life quality: the case of an Attica Urban Area in Greece. Sustainability 10(5):1414
Ntanos A, Skordoulis M, Ntanos S (2014) Greek millennial consumers’ perceptions on organic products. In: Proceedings of eRA-9 International Scientific Conference. Economy II Session. Piraeus, September 2014. Piraeus: T.E.I. of Piraeus, pp 26–35
Ojo E, Mbohwa C, Akinlabi E (2015) Sustainability - competitive advantage? In: Proceedings of the 2015 International Conference on Operations Excellence and Service Engineering. Florida, September 2015. Canton, MI: IEOM Society, pp 592–600
Ong TS, Teh BH, Ang YW (2014) The impact of environmental improvements on the financial performance of leading companies listed in Bursa Malaysia. Int J Trade Econ Finance 5(5):386–391
Orlitzky M, Siegel DS, Waldman DA (2011) Strategic corporate social responsibility and environmental sustainability. Business & Society 50(1):6–27
Ottman JA, Stafford ER, Hartman CL (2006) Green marketing myopia. Environment 48(5):22–36
Oudrihiri R (2005) Six Sigma and DFSS for IT and Software Engineering. The Quarterly Journal of the TickIT Software Quality Certification Scheme 4:7–9
Papageorgiou A, Skordoulis M, Trichias C, Georgakellos D, Koniordos M (2015) Emissions trading scheme: evidence from the European Union countries. In: Kravets et al. (ed) Communications in Computer and Information Science. 535: Proceedings of creativity in intelligent technologies & data science conference, Volgograd, September 2015. Switzerland: Springer International Publishing, pp 222–233
Paucar-Caceres A, Espinosa A (2011) Management science methodologies in environmental management and sustainability: discourses and applications. J Oper Res Soc 62(9):1601–1620
Pitman G, Motwani J, Kumar, A, Cheng, CH (1996). QFD application in an educational setting: A pilot field study. International Journal of Quality & Reliability Management 13(4):99–108
Porter M (1980) Competitive strategy. The Free Press, New York
Porter M (1985) Competitive advantage: creating and sustaining superior performance. The Free Press, New York
Porter M (1991) Towards a dynamic theory of strategy. Strateg Manag J 12:95–117
Porter M, Kromer M (2006) Strategy and society: the link between competitive advantage and corporate social responsibility. Harv Bus Rev 84(12):78–92
Rohm H, Montgomery D (2010) Link sustainability to corporate strategy using the balanced scorecard. Balanced Scorecard Institute, Cary, NC
Rondinelli D, Vastag G (2000) Panacea, common sense or just a label? The value of ISO 14001 environmental management systems. Eur Manag J 18(5):499–510
Sakao T (2007) A QFD-centred design methodology for environmentally conscious product design. Int J Prod Res 45(18–19):4143–4162
Sear M (2016) Why loose parts? Their relationship with sustainable practice, children's agency, creative thinking and learning outcomes. Educating Young Children: Learning and Teaching in the Early Childhood Years 22(2):16
Sidiropoulos M, Mouzakitis Y, Adamides E, Goutsos S (2004) Applying sustainable indicators to corporate strategy: the eco-balanced scorecard. Environ Res Eng Manag 1(27):28–33
Sigalas C, Pekka-Economou V, Georgopoulos NB (2013) Developing a measure of competitive advantage. J Strateg Manag 6(4):320–342
Skordoulis M, Tsoulfas A, Kornelaki E, Samanta I (2013) The effect of corporate social responsibility (CSR) actions on consumers’ behaviour. In: Proceedings of eRA-8 International Scientific Conference. Economy Session. Piraeus, September 2013. Piraeus: T.E.I. of Piraeus, pp 47–58
Skordoulis M, Galatsidas S, Arabatzis G (2017) Business strategies and competitive advantage through green entrepreneurship and sustainable environmental management. In: Proceedings of the 8th International Conference on ICT in Agriculture, Food and Environment (HAICTA 2017). Chania, September 2017. Aachen: CEUR Workshop Proceedings, pp 205–213
Soerger Zaro E, Soerger Zaro C, Richartz F, Borgert A, Van Bellen HM (2015) The impact of ISO 14001 certification on cost behavior of petrochemical companies listed in the BM&FBOVESPA Stock Exchange. Environ Qual Manag 24(3):57–70
Taoka N (1997) Lanchester strategy: an introduction. Lanchester Press, London
Urip S (2010) CSR strategies for a competitive edge in emerging markets. Wiley, Toronto
Wheelen LT, Hunger JD (2012) Strategic management and business policy toward global sustainability, 13th edn. Prentice Hall, Upper Saddle River, NJ
White L, Lee GJ (2009) Operational research and sustainable development: Tackling the social dimension. Eur J Oper Res 193(3):683–692
Wu SI, Lin SR (2016) The effect of green marketing strategy on business performance: a study of organic farms in Taiwan. Total Qual Manag Bus Excell 27(1–2):141–156
Yazdani M, Hashemkhani Zolfani S, Zavadskas EK (2016) New integration of MCDM methods and QFD in the selection of green suppliers. J Bus Econ Manag 17(6):1–17
Zhang Z, Shon L, Love P, Treloar G (2000) A framework for implementing ISO 14000 in construction. Environ Manag Health 11(2):139–149
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2019 Springer Nature Switzerland AG
About this paper
Cite this paper
Skordoulis, M., Chalikias, M., Galatsidas, S., Arabatzis, G. (2019). Competitive Advantage Establishment Through Sustainable Environmental Management and Green Entrepreneurship: A Proposed Differential Equations Framework. In: Theodoridis, A., Ragkos, A., Salampasis, M. (eds) Innovative Approaches and Applications for Sustainable Rural Development. HAICTA 2017. Springer Earth System Sciences. Springer, Cham. https://doi.org/10.1007/978-3-030-02312-6_12
Download citation
DOI: https://doi.org/10.1007/978-3-030-02312-6_12
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-030-02311-9
Online ISBN: 978-3-030-02312-6
eBook Packages: Earth and Environmental ScienceEarth and Environmental Science (R0)