Springer sciencebusiness media singapore 2015 ss

  • No School
  • AA 1
  • 200

This preview shows page 94 - 96 out of 200 pages.

Springer Science+Business Media Singapore 2015 S.S. Muthu (ed.), Roadmap to Sustainable Textiles and Clothing , Textile Science and Clothing Technology, DOI 10.1007/978-981-287-164-0_4 87
Image of page 94
Ekstrom 2010 ). The larger context of environmental adaptation for small- and medium-sized enterprises (SMEs) is the organizations and their institutions. The terms organizations and institutions are often confused. Organizations are players or groups of individuals who are bound together by some common purposes to achieve objectives, whereas institutions refer to the framework that applies the rules, regulations, and norms governing organizational behavior. Organizations in this chapter are companies. More speci fi cally, they are textiles and garment SMEs in Vietnam. Institutions in this chapter are the framework of rules and mechanisms, which govern the behaviors of these companies and drive them toward environmental adaptation. Consequently, governance is of interest at both the public sector and corporate scales. Public sector governance involves the management of public common resources and public administration including regulations. In the commercial environment, good governance is critical to forming and maintaining both external and internal relationships, and governments are often assessed against indicators of good gov- ernance by international bodies (Stefano and Adele Del 2005 ). These indicators include participation, consensus, accountability, transparency, responsiveness, ef fi ciency, equitability, and legal compliance (Freeman 1984 ; Mol 1995 ). In parallel and interacting with public sector governance, corporate governance faces challenging issues. In developing countries, expectations of corporate behavior are often in con fl ict with the demands of the real local competitive environment. The resolution of this is becoming as important in the world economy as is the governance of countries. Corporate governance de fi nes the relationship of a company with society and is the system by which business corporations are directed and controlled (van Koppen and Mol 2002 ). It speci fi es the distribution of rights and responsibilities among different individuals and groups in the corpora- tion. It provides a set of rules and procedures for making decisions through which the company objectives are set and performance is monitored. Complexity is added as globalized norms of corporate governance are framed by a fi rst-world culture and promulgated in globalized supply chains to a varying extent. This chapter aims to (i) understand if institutional mechanisms in fl uence whether the textile and garment SMEs in Vietnam adapt to national and international environmental requirements or not; and (ii) explore a set of institutional conditions under which environmental adaptation at textile and garment SMEs in Vietnam is likely to occur.
Image of page 95
Image of page 96

You've reached the end of your free preview.

Want to read all 200 pages?

  • Fall '19
  • Corporate social responsibility, CSR Practices

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes
A+ icon
Ask Expert Tutors