ABSTRACT
Emerging global governance issues
include economic, social and environmental problems. The COVID-19
pandemic and policies such as EU Green Deal and Brexit have led to great concerns about supply chains. Proactive
strategies, adaptation and resilience are issues of significant importance for
companies regarding seizing opportunities for business transformation. The
evolution of crises associated with supply chains has been complex and resulted
in widespread problems. Companies have enormous opportunities to revisit their
business model and their strategic investment decision-making practices to play
an active role in society. Industry 4.0 mechanisms, including big data, artificial intelligence, and advanced analytics, have brought unprecedented standards of ethics, governance, accounting, and
accountability to the new era of supply chains. Successful strategic
investment decision-making practices require a proper understanding of
stakeholders’ interests and expectations. Such understanding enables
organizations to achieve effective planning and control of organizational and policy resources and successful
value creation. Business model transformation
towards a circular economy enables companies to
achieve potential objectives, including increasing production efficiency, productivity, and quality,
supplementing operational flexibility, contributing to safety issues and
operational sustainability, and amalgamating the production system with stakeholders. The increasing concern about supply chain issues has raised a call for boardrooms to revisit their strategies
toward sustainable supply chains. This paper aims to shed light
on the contextual factors surrounding the new era of strategic
investment decision-making
practices in UK companies towards green sustainable supply chains and sustainable
performance maximization. The methodology underlying this study is based on a qualitative paradigm. The study utilizes
secondary data, mainly the recent studies related to current issues in
governance surrounding business model transformation. The conceptualization
underpinning this study is rooted mainly in
stakeholder theory and resource-based perspective. The results of this study
articulate the wider stockholders’ concern,
and the debates underpinning this study have
managerial and theoretical implications, including regulatory bodies, standard setters, decision-makers, and other stakeholders.