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Conceptualising a resilience based approach to shipping sustainability
journal contribution
posted on 2023-05-17, 23:32 authored by Prashant BhaskarPrashant Bhaskar, Stephen CahoonStephen Cahoon, Shu-Ling ChenShu-Ling ChenSimilar to other organisations, for shipping companies to be sustainable, they need to persist and grow over time in the face of continuous change even though a variety of threats exist to their long term survival and growth. These threats can range from rapidly unfolding short term shocks such as industrial accidents, and natural or manmade disasters, to relatively slowly occurring stresses over the longer term such as climate change and regulatory changes. Sustainability therefore depends upon how shipping companies cope with shocks and stresses resulting from change. However, in the twenty-first century world characterised by complexity, volatility and uncertainty, conventional management techniques with their focus on linear, predictable change may be unsuitable for the sustainability challenge. This paper goes beyond the current broader societal focus undertaken by many organizations in general and the environmental focus of shipping sustainability in particular, to: (i) explore the relationship between resilience and sustainability; (ii) gather insights from studies of social-ecological systems to guide managers in developing strategies for creating sustainable and resilient shipping companies; and (iii) gain an understanding of sustainable shipping.
History
Publication title
Review of Integrative Business & Economics ResearchPagination
321-333ISSN
2304-1013Department/School
Australian Maritime CollegePublisher
Society of Interdisciplinary Business ResearchPlace of publication
MalaysiaRights statement
Copyright 2014 Society of Interdisciplinary Business ResearchRepository Status
- Restricted