Sixteenth International Conference on Environmental, Cultural, Economic & Social Sustainability

Abstract

Business sustainability is expressed in terms of social, environmental, and economic (financial and operational) dimensions. This study explores the relationship between the components of continuous improvement (CI), particularly improvement systems, work team, and business sustainability. We obtained data from different industrial sectors in Bogotá, the capital of Colombia. A total of 120 companies were surveyed, including executives of small, medium, and large companies from thirteen principal sectors such as food, energy, health, financial services, and logistics. A multivariate logistic regression model (MLR) was developed to identify the key aspects of the continuous improvement practices (CIP) that significantly affect the dimensions of business sustainability. The MLR analysis shows that four dimensions of CIP (Employee Involvement, Human Talent Maintenance, Training, and Evaluation accompanied by Feedback) are vital to achieve business sustainability.