Publication of IJGHMI
Sustainable Business Practices: A Comparative Analysis of East vs. West Approaches
Author: Dr. Hiroshi Tanaka
Open Access | Volume 1 Issue 1 | Oct–Dec 2024
ISSN: 3070-6916
https://doi.org/10.63665/IJGHMI-y1f1a004
How to Cite :
Hiroshi Tanaka, "Sustainable Business Practices: A Comparative Analysis of East vs. West Approaches", International Journal of Global Humanities and Management Insights [IJGHMI], Vol. 1 Issue 1 (Oct–Dec 2024), pp. 31–42.
Abstract
This paper presents a comparative study of sustainable business practices in Eastern and Western contexts, emphasizing the cultural, regulatory, and philosophical differences that shape sustainability strategies. Western firms focus on technological innovation and corporate social responsibility (CSR), while Eastern companies emphasize community harmony and long-term environmental stewardship. Through case studies of Unilever, Tesla, Toyota, and Tata Group, the study highlights best practices, challenges, and the potential for cross-regional collaboration to advance global sustainability.
Keywords
Sustainable Business Practices, Comparative Analysis, Corporate Social Responsibility (CSR), Eastern Business Practices, Western Business Practices, Green Technologies, Global Sustainability, Cultural Influence on Business, Cross-Regional Collaboration, Environmental Responsibility.
1. Introduction
The introduction defines sustainable business practices as the integration of strategies that prioritize the long-term well-being of the environment, society, and economy. It explains how sustainability has become a strategic imperative for companies worldwide and sets the scope for comparing Eastern and Western approaches.
2. Sustainability in the West
Western businesses have historically driven sustainability through CSR, government regulation, and innovation in green technologies. Companies like Unilever and Tesla represent examples of eco-friendly models and sustainability reporting frameworks such as the Global Reporting Initiative (GRI).
3. Sustainability in the East
Eastern philosophies like Confucianism and Buddhism inspire collective responsibility and harmony with nature. Governments in Japan, China, and India promote green growth through national plans and policies. Companies like Toyota and Tata Group demonstrate the integration of social welfare and environmental ethics in business.
4. Comparative Analysis: East vs. West
Western strategies tend to focus on profitability and technological innovation, while Eastern approaches stress collective prosperity and long-term stability. Cultural values shape policy priorities and leadership styles that influence corporate sustainability outcomes.
5. Cross-Regional Collaboration
Collaboration between Eastern and Western companies can bridge philosophical differences and combine technological innovation with community-based sustainability. Joint projects can advance climate goals and strengthen global CSR standards.
6. Conclusion and Recommendations
The paper concludes that sustainability must be a core strategic pillar for businesses everywhere. It recommends that Western firms emphasize social dimensions of CSR, while Eastern firms adopt stronger technological and regulatory measures to reduce environmental impact. Cross-regional learning is essential for a sustainable global future.
References
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- Jones, A. (2018). Sustainable Business Strategies: A Global Perspective. Green Economics Press.
- Wang, L., & Zhao, S. (2023). Integrating Sustainability with Profit: Western vs Eastern Approaches. Journal of Environmental Economics, 42(4), 315–329.
- Chang, K., & Lee, P. (2022). Corporate Social Responsibility and Sustainability: A Comparative Analysis of Eastern and Western Models. Tokyo Conference on Sustainable Business Practices.
- United Nations Global Compact (2021). Sustainability in Business: A Global Overview. UNGC.
- Patel, S. (2021). Sustainability in the Global Context: A Comparison of East and West Approaches. In R. Kumar & L. Chan (Eds.), Sustainable Business Models: A Global Analysis. London: Routledge.