全部 标题 作者
关键词 摘要

OALib Journal期刊
ISSN: 2333-9721
费用:99美元

查看量下载量

A Systematic Review Exploring the use of Strategic Management Interventions on Achieving Sustainable Inclusive Economies in Low and Middle Income Countries 

DOI: 10.4236/oalib.1113117, PP. 1-23

Subject Areas: Sociology

Keywords: Strategic Management, Human Capital Development, Governance, Data Management Systems, Sustainability, and Inclusivity

Full-Text   Cite this paper   Add to My Lib

Abstract

The study is based on selected strategic interventions which include: Human Capital Development (HCD), Governance, and Data Management Systems (DMS) on achieving Sustainable Inclusive Economies in Low and Middle income Countries (LMCs). It may be of vital use to Policy Makers, Academicians, and Researchers. It focuses on Sustainable Inclusive Economies while analyzing the various exante components using a growth diagnostic approach. The study analyzes the applicability and relevance of Strategic Management Interventions. These are considered to be important tools when included in the policy mix to achieve sustainable inclusive development to current and future generations. The paper indicates the major challenges and solutions to achieve sustainable inclusive economies in LMCs. The 17 UNESCO 2030 goals aims to create a more sustainable, inclusive and equitable future for all. A cross-sectional design with Systematic Review and an Auto Regressive Integrated Moving Average Model (ARIMA) for time series were used from 1990 to 2024. Google Scholars data base and AI ChartGPT were used to explore the use of Strategic Management Interventions on achieving Sustainable Inclusive Economies in LMCs from 1990 to 2024. The search terms used include “Strategy” “Governance” “Data Management” “Human resources” “Sustainability” and “Inclusivity”. The study’s main contribution is that though strategic management has been widely accepted by scholars as the intervention that can facilitate the realization of institutional goals, its appreciation and practical applicability has been mainly at the firm level. The study concludes that Governance plays a central role as a strategic tool to promote the realization of Sustainable Inclusive Economies in LMCs. Governance empower communities with the required skills, produce accountable, responsible leaders. Governance helps to build DMS to facilitate decision making to achieve social, economic, and environment sustainability goals. 

Cite this paper

Nabulya, J. and Gbagu, E. (2025). A Systematic Review Exploring the use of Strategic Management Interventions on Achieving Sustainable Inclusive Economies in Low and Middle Income Countries . Open Access Library Journal, 12, e3117. doi: http://dx.doi.org/10.4236/oalib.1113117.

References

[1]  Nguyen, H., Nguyen, M.T.T., Binh, D., Nguyen, L.D.X. and Phung, H.M. (2024) Strategic Responses to Uncertainty Shocks and Consequences: A Study of Sus-tainability-Oriented Exporters in an Emerging Country. Benchmarking: An In-ternational Journal, Ahead-of-Print. https://doi.org/10.1108/bij-08-2023-0588
[2]  Li, H. (2024) Integrative Approaches in Global Corporate Governance: Strategic Management, Sustaina-bility Reporting, and Effective Management. In: Appolloni, A., Caracciolo, F., Ding, Z., Gogas, P., Huang, G., Nartea, G., Ngo, T. and Striełkowski, W., Eds., Ad-vances in Economics, Business and Management Research, Atlantis Press SARL, 455-461. https://doi.org/10.2991/978-2-38476-257-6_54
[3]  Thaher, Y.A.Y. and Jaaron, A.A.M. (2022) The Impact of Sustainability Strategic Plan-ning and Management on the Organizational Sustainable Performance: A De-veloping-Country Perspective. Journal of Environmental Management, 305, Ar-ticle 114381. https://doi.org/10.1016/j.jenvman.2021.114381
[4]  Hua, N. (2020) Human Capital and Hotel Operating Performance. The Journal of Hos-pitality Financial Management, 28, 44-54.
[5]  Adiatma, T., Irianto, O., Siamsa, S. and Suwandi, Y.W. (2023) Strategic Management to Envisage the Challenges of Inclusive Economy and Business Innovation: A Bibliometric Study. Journal of International Conference Proceedings, 6, 47-67. https://doi.org/10.32535/jicp.v6i5.2657
[6]  Sullivan, K., Thomas, S. and Rosano M. (2017) Using Industrial Ecology and Strategy Management Concepts to Pursue the Sustainable Development Goals. Journal of Cleaner Production, 174, 237-246.
[7]  Baumgartner, R.J. and Rauter, R. (2017) Strategic Per-spectives of Corporate Sustainability Management to Develop a Sustainable Or-ganization. Journal of Cleaner Production, 140, 81-92. https://doi.org/10.1016/j.jclepro.2016.04.146
[8]  Gholamzadeh Chofreh, A., Goni, F.A., Ismail, S., Mohamed Shaharoun, A., Klemeš, J.J. and Zeinalnezhad, M. (2016) A Master Plan for the Implementation of Sustainable Enterprise Re-source Planning Systems (Part I): Concept and Methodology. Journal of Cleaner Production, 136, 176-182. https://doi.org/10.1016/j.jclepro.2016.05.140
[9]  Song, J., Zhou, H., Gao, Y. and Guan, Y. (2022) Digital Inclusive Finance, Human Capital and Inclusive Green Development—Evidence from China. Sustainability, 14, Article 9922. https://doi.org/10.3390/su14169922
[10]  AfDB (2012) Briefing Notes for AfDB’s Long Term Strategy. Briefing Note 6: Inclusive Growth Agenda. https://www.afdb.org/sites/all/libraries/pdf.js/web/viewer.html?file= https%3A%2F%2Fwww.afdb.org%2Fsites%2Fdefault%2Ffiles%2Fdocuments%2Fstr ategy-documents%2Ffinal_briefing_note_6_inclusive_growth.pdf
[11]  Zhou, W. and Zhang, J. (2018) Inclusive Economic Growth from Institutional Transition of Educational Centralization: Panel Data Evidence in China’s History since 1978 to 2008. Theoretical Economics Letters, 8, 213-233. https://doi.org/10.4236/tel.2018.83016
[12]  Alkhodary, D. (2023) Inte-grating Sustainability into Strategic Management: A Path Towards Long-Term Business Success. International Journal of Professional Business Review, 8, e01627. https://doi.org/10.26668/businessreview/2023.v8i4.1627
[13]  Bétila, R.R. (2023) Business Environment and Inclusive Growth Nexus: Evidence from Af-rican Countries. Open Journal of Business and Management, 11, 313-357. https://doi.org/10.4236/ojbm.2023.111019
[14]  Nguyen, M., Phan, A. and Matsui, Y. (2018) Contribution of Quality Management Practices to Sustainabil-ity Performance of Vietnamese Firms. Sustainability, 10, Article 375. https://doi.org/10.3390/su10020375
[15]  Cooper, A., Mukonza, C., Fisher, E., Mulugetta, Y., Gebreeyesus, M., Onuoha, M., et al. (2020) Mapping Academ-ic Literature on Governing Inclusive Green Growth in Africa: Geographical Biases and Topical Gaps. Sustainability, 12, Article 1956. https://doi.org/10.3390/su12051956
[16]  Zhu, C. (2022) Conceptualising and Evaluating Inclusive Economic Development: A Productivity Perspective. Development Studies Research, 9, 219-229. https://doi.org/10.1080/21665095.2022.2112729
[17]  Wang, X. and Wang, S. (2020) The Impact of Green Finance on Inclusive Economic Growth—Empirical Analysis Based on Spatial Panel. Open Journal of Business and Management, 8, 2093-2112. https://doi.org/10.4236/ojbm.2020.85128
[18]  Robilliard, A-S. (2020) What’s New about Income Inequality in Africa? https://wid.world/document/whats-new-about-income-inequality-in-africa/
[19]  Mamat, M.Z., Ng, B., Azizan, S.A. and Chang, L.W. (2016) An Attempt at Implementing a Holistic Inclusive Development Model: Insights from Malaysia’s Land Settlement Scheme. Asia Pacific Viewpoint, 57, 106-120. https://doi.org/10.1111/apv.12115
[20]  Page, M.J., McKenzie, J.E., Bossuyt, P.M., Boutron, I., Hoffmann, T.C., Mulrow, C.D., et al. (2021) The PRISMA 2020 Statement: An Updated Guideline for Reporting Systematic Reviews. BMJ, 372, n71. https://doi.org/10.1136/bmj.n71
[21]  Wang, J., Bai, Y., Yihzong, W., Zhihui, L. Deg, X., Islam, M. and Managi, S. (2020) Measuring Inclusive Wealth of China: Advances in Sustainable Use of Resources. Journal of Environmental Management, 264, Article 110328. https://doi.org/10.1016/j.jenvman.2020.110328
[22]  Elena. L. (2010) Inclu-sive Growth Analytics: Framework Policy Research Working Paper. World Bank Economic Policy and Debt Department, Economic Policy Divi-sion. https://www.elibrary.imf.org/display/book/9781616353797/ch008.xml
[23]  Ali, I. and Son, H.H. (2007) Measuring Inclusive Growth. Asian Development Review, 24, 11-31. https://doi.org/10.1142/s0116110507000024
[24]  Herrmann, M. (2014) The Challenge of Sustainable Development and the Imperative of Green and In-clusive Economic Growth. Modern Economy, 5, 113-119. https://doi.org/10.4236/me.2014.52013
[25]  Omar, M.A. and Inaba, K. (2020) Does Financial Inclusion Reduce Poverty and Income Inequality in De-veloping Countries? A Panel Data Analysis. Journal of Economic Structures, 9, Article No. 37. https://doi.org/10.1186/s40008-020-00214-4
[26]  AfDB (2013) Framework of Inclusive Growth: Key Indicators for Asia and the Pacific. https://nirmawebsite.s3.ap-south-1.amazonaws.com/wp-content /uploads/sites/22/2019/01/IJHSS.pdf
[27]  van Niekert. A.J. (2020) Inclusive Economic Sustainability: SDGs and Global Inequality. Sustainability, 12, Article 5427.
[28]  UNDESA (2021) The Challenges of the Youth Bulge in Africa and the Middle East Migration & the Brain Drain. https://www.policycenter.ma/sites/default/files/Challenge%20of %20the%20Youth%20Bulge%20in%20Africa%20and%20the%20Middle%20East %20-%20Migration%20and%20The%20Brain%20Drain.pdf
[29]  ILO (2021) ILO Global Estimates on International Migrant Workers—Results and Methodology. https://www.ilo.org/publications/ilo-global-estimates-international -migrant-workers-results-and-methodology
[30]  International Organization for Migrations (IOM) (2018) Brain Drain and beyond: Returns and Remittances of Highly Skilled Migrants. https://www.iom.int/resources/brain-drain-and-beyond-returns-and-remittances-highly-skilled-migrants
[31]  Gibson, J. and McKenzie, D. (2010) The Eco-nomic Consequences of “Brain Drain” of the Best and Brightest: Microeconomic Evidence from Five Countries (English). World Bank Group. https://ftp.iza.org/dp5124.pdf
[32]  UNDESA (2016) Migration and Devel-opment. A role for the World Bank Group. https://documents1.worldbank.org/curated/en/690381472677671445/pdf/108105-BR-PUBLIC-SecM2016-0242-2.pdf
[33]  IOM and UN Migration (2024) The World Migration Report. https://creativecommons.org/licences/by-nc-nd/3.0/igo/legalcode
[34]  Chancel, L., Cogneau, D., Gethin, A. and Myczkowski, A. (2019) Income Inequality in Africa. WID. 1990-2019: Measurement, Patterns, Determi-nants.https://doi.org/10.1016/j.worlddev.2022.106162
[35]  Visvizi, A., Lytras, M.D., Damiani, E. and Mathkour, H. (2018) Policy Making for Smart Cit-ies: Innovation and Social Inclusive Economic Growth for Sustainability. Journal of Science and Technology Policy Management, 9, 126-133. https://doi.org/10.1108/jstpm-07-2018-079
[36]  Masterson, V. (2022) Covid-19 and the War in Ukraine Have Pushed Global Debts to New Highs. World Economic Forum. https://www.un.org/en/desa/fragile-economic-recovery-covid-19-pandemic-upended-war-ukraine
[37]  Namagembe, F., Nakakawa, A., Tulinayo, F., Proper, H. and Overbeek, S. (2023) Towards an E-Government Enterprise Architecture Framework for Developing Economies. Complex Systems Informatics and Mod-eling Quarterly, 35, 30-66. https://doi.org/10.7250/csimq.2023-35.02
[38]  Matekenya, W., Moyo, C. and Jeke, L. (2021) Financial Inclusion and Human Development: Evidence from Sub-Saharan Africa. Development Southern Africa, 38, 683-700. https://doi.org/10.1080/0376835x.2020.1799760
[39]  Huang, S. (2023) Removing Barriers to a Sharing Economy Helps Attain Sustainable Development Goals in ASEAN Countries. Journal of Innovation & Knowledge, 8, Article 100300. https://doi.org/10.1016/j.jik.2022.100300
[40]  Aziz, G. and Sarwar, S. (2023) Revisit the Role of Governance Indicators to Achieve Sustainable Eco-nomic Growth of Saudi Arabia—Pre and Post Implementation of 2030 Vision. Structural Change and Economic Dynamics, 66, 213-227. https://doi.org/10.1016/j.strueco.2023.04.008
[41]  Tu, Y., Aljumah, A.I., Van Nguyen, S., Cheng, C., Tai, T.D. and Qiu, R. (2023) Achieving Sustainable De-velopment Goals through a Sharing Economy: Empirical Evidence from Devel-oping Economies. Journal of Innovation & Knowledge, 8, Article 100299. https://doi.org/10.1016/j.jik.2022.100299
[42]  Glass, L. and Newig, J. (2019) Governance for Achieving the Sustainable Development Goals: How Important Are Participation, Policy Coherence, Reflexivity, Adaptation and Democratic In-stitutions? Earth System Governance, 2, Article 100031. https://doi.org/10.1016/j.esg.2019.100031
[43]  Sebubi, O., Zlotnikova I, Hlomani H. (2020) Open Data for Sustainable Development on a Knowledge-Based Economy: The Case of Botswana. Data Science Journal, 19, Article 44. https://doi.org/10.5334/dsj-2020-044
[44]  Chalmeta, R. and Es-tevez, M.F. (2023) Developing Business Intelligence Tool for Sustainability Management. https://www.emerald.com/insight/1463-7154.htm
[45]  Scroxton (2022) Treat Cyberr Crime as a Strategic Threat; UK Business Told. TechTarget. https://www.techtarget.com/searchsecurity/news/252522369/Ransomware-Evolving-threats-slow-progress
[46]  Adenle, A.A. (2020) Assessment of Solar Energy Technologies in Africa-Opportunities and Challenges in Meeting the 2030 Agenda and Sustainable Development Goals. Energy Policy, 137, Article 111180. https://doi.org/10.1016/j.enpol.2019.111180
[47]  Green, M. (2021) How We Can Make the World a Beter Place by 2030. https://pressbooks.howardcc.edu/essentials/chapter/fa21-transcript -how-to-make-the-world-a-better-place-by-2030/
[48]  Skousen, M. (2016) The Mak-ing of Moden Economics: The Lives and Ideas of Great Thinkers. Routlegde. https://doi.org/10.4324/9781315718705
[49]  Owopetu, A., Oyodele, O. and Tella, S. (2024) Human Capital Development and Inclusive Growth in Sub-Saharan Africa: The Case for Health. https://www.nokspublishing.com/index.php/AJMSS/article/view/90
[50]  Kwilinski, A., Lyulyov, O. and Pimonenko, T. (2023) Inclusive Economic Growth: Relationship between Energy and Governance Efficiency. Energies, 16, Article 2511. https://doi.org/10.3390/en16062511
[51]  Khouya, M. and Benabdel-hadi, A. (2023) Good Governance and Its Impact on Eco-nomic Development a Systematic Literature Review. https://hal.science/hal-04063762
[52]  Castro, C. and Lopes, C. (2021) Digital Government and Sustainable Development. Journal of the Knowledge Economy, 13, 880-903. https://doi.org/10.1007/s13132-021-00749-2
[53]  Zeng, H., Huang, Z., Zhou, Q., He, P. and Cheng, X. (2022) Corporate Environmental Governance Strate-gies under the Dual Supervision of the Government and the Public. Business & Society, 62, 860-907. https://doi.org/10.1177/00076503221114792
[54]  Rosário, A.T. and Dias, J.C. (2023) The New Digital Economy and Sustainability: Challenges and Op-portunities. Sustainability, 15, Article 10902. https://doi.org/10.3390/su151410902
[55]  Torre, C., Guazzo, G.M., çekani, V. and Bacco, V. (2022) The Relationship between Big Data and Decision Mak-ing. A Systematic Literature Review. Journal of Service Science and Manage-ment, 15, 89-107. https://doi.org/10.4236/jssm.2022.152007
[56]  Porter, M.E. (1990) The Competitive Advantage of Nations. Harvard Business Review. https://economie.ens.psl.eu/IMG/pdf/porter_1990_-_the_competitive_advantage_of_nations.pdf
[57]  Davos (2022) World Debt Rise High. World Economic Forum Weforum.org. https://www.weforum.org/agenda/2022/05/the-story-of-davos-2022/
[58]  Masterson, V. and North, M. (2023) What Is ‘Global Debt’- and How High Is It Now? https://www.weforum.org/agenda/2023/12/what-is-global-debt-why-high/
[59]  Galpin, T. and Hebard, J. (2018) Strategic Management and Sustainabil-ity. In: Borland, H., Lindgreen, A., Maon, F., Ambrosini, V., Florencio, B.P. and Vanhamme, J., Eds., Business Strategies for Sustainability, Routledge, 163-178. https://doi.org/10.4324/9780429458859-10
[60]  Yao, X., Yasmeen, R., Padda, I.U.H., Shah, W.U.H. and Kamal, M.A. (2020) Inequalities by Energy Sources: An Assessment of Environmental Quality. PLOS ONE, 15, e0230503. https://doi.org/10.1371/journal.pone.0230503
[61]  Mishra, P.K. (2021) En-vironmental Conservation and Management. In: Zimmerer, K.S. and McSweeney, K., Eds., Environmental Geography, Ignou, 185-195. https://www.researchgate.net/publication/353164121_ENVIRONMENTAL_CONSERVATION_AND_MANAGEMENT
[62]  Haladu, A. (2019) Challenges of Gri Sustainability Disclosure Standards Adoption by Africa’s Two Largest Econo-mies. The European Proceedings of Social and Behavioural Sciences, TIS-SA-UUM, Malaysia, 4 p. https://www.europeanproceedings.com/article/10.15405/epsbs.2019.08.1
[63]  Kannappan S. (1968) The Brain Drain and Developing Countries Reviewed by the ILO. Publisher: International Labor Office, Geneva. International Labour Review, 98, 1-26  https://researchrepository.ilo.org/esploro/outputs/journalArticle /The-brain-drain-and-developing-countries/995266492102676
[64]  United Nations De-partment of Economics and Social Affairs UNDESA (2020) Pop-ulation Division International Migration 2020 Highlights (ST/ESA/SER.A/452). http://www.unpopulation.org/

Full-Text


Contact Us

service@oalib.com

QQ:3279437679

WhatsApp +8615387084133