Abstract
Mining has helped to shape South Africa and accounts for a significant proportion of the country’s gross domestic product (GDP), foreign exchange earnings, and employment. South African mining is foundational to the development of other industries and the socio-economic priorities of government and communities. Despite being recognized as the backbone of the South African economy and having the means to drive inclusive development and sustainability, the mining industry is hampered by escalating prices, technological difficulties, policy uncertainty, and footprints of illnesses and severe environmental effects. Shared Value (SV) creation is a core business practice that focuses on identifying and expanding the connections between societal and economic progress, including environmental opportunities, simultaneously. The primary objective of this paper is to assess the outcomes of SV within the South African mining industry. A convenience sample of 340 respondents employed as managers within the mining industry completed self-administered questionnaires to gather their perceptions on SV. From a quantitative analysis, the empirical results showed two statistically significant relationships, namely that SV leads to Competitive Advantage and Sustainability Performance. The study contributes by providing practical recommendations to managers in the mining industry and policymakers to improve competitiveness and sustainability performance as well as increasing their economic prosperity by resolving social and environmental issues of mutual interest to communities, government, and other key stakeholders.
Presenters
Talifhani KhubanaStudent, PhD (Business Management), Nelson Mandela University, Eastern Cape, South Africa Chantal Rootman
Nelson Mandela University Elroy Eugene Smith
Nelson Mandela University
Details
Presentation Type
Paper Presentation in a Themed Session
Theme
KEYWORDS
Competitive Advantage, Organizational Performance, Shared Value, Sustainability, Sustainable Performance
