20.500.12556/DKUM-91389 A strategic model for sustainable business policy development Growing importance of sustainable development, corporate social responsibility and business ethics requires various types of contemporary organisations innovation. This research assesses the problem related to business policy innovation (BPI), which represents organisational governance determination. The main purpose of the paper is to qualitatively and quantitatively present a new, requisitely holistic strategic model of the soft factors influencing BPI, which interdependently incorporates changes in organisational values, culture and business ethics, as well as stakeholders’ interests reconciliation, thus determine soft possibilities for more sustainable business policy, management and practice. While the relevance of these factors for business policy is in the literature widely recognized, there is a small amount of empirical research on their influence on BPI. To mitigate this research gap, advanced structural equation modelling (SEM) based partial least squares (PLS) method was used for analysing data of 734 organisations in Slovenia, the EU state. The research results show that researched soft factors organisational values, culture and stakeholders’ interests reconciliation statistically confirmed influence BPI. Thus, these recognitions can be used as the basis for strategic managerial decision making towards social responsibility and sustainability of an organisation. Reasons why it has not been statistically confirmed that business ethics influence BPI needs to be investigated in future research. business policy governance sustainability values culture ethics stakeholders’ interests innovation Slovenia podjetja poslovna politika upravljanje trajnost vrednote kultura etika interesi deležnikov inovacije trajnostni razvoj Slovenija true false true MDPI Angleški jezik Slovenski jezik Znanstveno delo 2024-12-18 10:55:29 2024-12-18 11:05:46 2024-12-19 03:10:04 0000-00-00 00:00:00 2020 0 0 Str. 1-28 št. 2, št. članka 526 Letn. 12 2020 0000-00-00 Zaloznikova Objavljeno NiDoloceno 2019-12-11 2020-01-06 2020-01-10 005.7:501.131.1(497.4) 23939587 10.3390/su12020526 2071-1050 Strukelj-2020-A_Strategic_Model_for_Sustainabl.pdf Strukelj-2020-A_Strategic_Model_for_Sustainabl.pdf 1 4EF6577421B87693A227104945E44F36 e1b6287ba9e3edcc27a28daabf7d6325e2bc1db2c3c665cf6a1d0f6a0abac4d6 878629c3-bd27-11ef-8070-00155d000105 https://dk.um.si/Dokument.php?lang=slv&id=187426 https://doi.org/10.3390/su12020526 0 36fae83c-bd26-11ef-8070-00155d000105 https://dk.um.si/Dokument.php?lang=slv&id=187424 Ekonomsko-poslovna fakulteta 0 0 0