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Article

Strategy and Practice for Sustainability in Businesses in the Middle East and North Africa in a Global Perspective

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Management Department, The American University in Cairo, Cairo 11835, Egypt
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Department of Economics, University Hassan II, Casablanca 22000, Morocco
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Department of Economics, Yeditepe University, Istanbul 34755, Turkey
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School of Industrial Engineering & Management, Ben Gurion University, Beer Sheba 8443944, Israel
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Department of Analytics, United Arab Emirates University, Al Ain 15551, United Arab Emirates
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School of Management Studies, Ahfad University for Women, Omdurman 167, Sudan
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Group of Health Economics and Health Service Management, Instituto de Investigación Sanitaria Valdecilla, Business and Management Department, Universidad de Cantabria, 39005 Santander, Spain
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School of Business, University of Agder, 4604 Kristiansand, Norway
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Department of Entrepreneurship, University of Southern Denmark, 6000 Kolding, Denmark
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Author to whom correspondence should be addressed.
Academic Editor: David Gautschi
J. Risk Financial Manag. 2022, 15(7), 277; https://doi.org/10.3390/jrfm15070277
Received: 27 May 2022 / Revised: 11 June 2022 / Accepted: 13 June 2022 / Published: 23 June 2022
(This article belongs to the Special Issue Innovation in Business and Energy Systems)
A business may adopt a strategy for sustainability and may implement its strategy in its practice. Our question is, how are strategy and practice coupled and shaped by entrepreneurs and businesses embedded in national eco-systems in the Middle East and North Africa and around the world? Businesses were randomly sampled and surveyed in 2021, and national conditions were assessed by experts in ten countries in the Middle East and North Africa and in Spain and other countries around the world, as part of the Global Entrepreneurship Monitor. Strategy and practice are found to have a loose coupling but are tighter in the Middle East and North Africa than in Spain. Strategy is promoted by support from businesses and governments, but support depends on national wealth. Strategy and practice by entrepreneurs and businesses are promoted by the entrepreneurs’ human and social capital and the value of making a difference in the world and continuing a family tradition. Findings contribute to understanding business engagement with sustainability, specifically in the Middle East and North Africa, as compared to Spain and in a global perspective. View Full-Text
Keywords: sustainability; strategy; practice; businesses; Middle East and North Africa; Global Entrepreneurship Monitor sustainability; strategy; practice; businesses; Middle East and North Africa; Global Entrepreneurship Monitor
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MDPI and ACS Style

Ismail, A.; Boutaleb, F.; Karadeniz, E.E.; Menipaz, E.; Bouhaddioui, C.; Rahman, W.A.; Sanchez-Ruiz, L.; Schøtt, T. Strategy and Practice for Sustainability in Businesses in the Middle East and North Africa in a Global Perspective. J. Risk Financial Manag. 2022, 15, 277. https://doi.org/10.3390/jrfm15070277

AMA Style

Ismail A, Boutaleb F, Karadeniz EE, Menipaz E, Bouhaddioui C, Rahman WA, Sanchez-Ruiz L, Schøtt T. Strategy and Practice for Sustainability in Businesses in the Middle East and North Africa in a Global Perspective. Journal of Risk and Financial Management. 2022; 15(7):277. https://doi.org/10.3390/jrfm15070277

Chicago/Turabian Style

Ismail, Ayman, Fatima Boutaleb, Esra E. Karadeniz, Ehud Menipaz, Chafik Bouhaddioui, Widad A. Rahman, Lidia Sanchez-Ruiz, and Thomas Schøtt. 2022. "Strategy and Practice for Sustainability in Businesses in the Middle East and North Africa in a Global Perspective" Journal of Risk and Financial Management 15, no. 7: 277. https://doi.org/10.3390/jrfm15070277

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