Open AccessInfluence of Responsible Supply Chain Management Behaviours and Economic Performance among Pharmaceutical Companies in China
Author(s) -
Maxwell Opuni Antwi,
Lülin Zhou,
Charles Kwarteng Antwi
Publication year - 2020
Publication title -
international journal of scientific research in computer science, engineering and information technology
Language(s) - English
Resource type - Journals
ISSN - 2456-3307
DOI - 10.32628/cseit20628
Subject(s) - profitability index , business , china , profit (economics) , supply chain , industrial organization , order (exchange) , commerce , natural resource economics , environmental economics , marketing , finance , economics , microeconomics , political science , law
Most organizations exist in order to make a profit or economic gains. Thus economic performance of an enterprise is the ultimate of all the numerous activities that are undertaken. It is the bottom line of the value chain and the lifeblood of every business. Pharmaceutical companies in China also exist in order to make a profit, but profitability is not the only economic element that is of interest to pharmaceutical organizations. According to Schaltegger et al. (2014), economic performance relates to the manufacturing plant's ability to reduce costs associated with energy consumption, purchased materials, waste treatment, waste disposal, waste discharge, and fines or penalties for environmental accidents (Zhu et al., 2008a; Schaltegger et al., 2014).