Ontological perception of a smart unified organizational compliance model to mitigate financial risk and promote sustainability in the manufacturing sector

Tarnima Warda Andalib, T. Ramayah, Takmilla Tabassum, Shosunth Chandra Sarker, Fairuza Mehreen, Md Tanvir Hasan

Article ID: 5318
Vol 8, Issue 14, 2024


Abstract


This research intends to find out the compliance acts based on the manufacturing industry of Bangladesh and lead to the development of the integrated theory of compliance model. There are several compliance regulations, that are separately dealt with in any manufacturing organization. These compliance regulations are handled at various ends of the organization making the process quite scattered, time-consuming, and tedious. To fix this problem, the integration of organizational compliance regulations is brought under one platform. Researchers have applied the qualitative approach with multiple case studies methodology scrutinizing the in-depth interviews and transcripts. Furthermore, the NVIVO tool has been used to analyze, where the necessary themes of the Organizational Compliance Regulations are found. Therefore, we have proposed a conceptual framework to inaugurate a standalone combined framework, which is an innovative and novel measure.


Keywords


compliance; manufacturing; qualitative; model; sustainability

Full Text:

PDF


References


Abatan, A., Jacks, B. S., Ugwuanyi, E. D., Nwokediegwu, Z. Q. S., Obaigbena, A., Daraojimba, A. I., & Lottu, O. A. (2024). The role of environmental health and safety practices in the automotive manufacturing industry. Engineering Science & Technology Journal, 5(2), 531-542.

Adam, S. and Heikkila, J-P (2009), Chapter IX: IT based integration of HRM in a foreign MNC Subsidiary: A Micro Political Perspective, Handbook of research on E-transformation and Human Resource Management Technologies: Organizational outcomes and challenges

Adel, H., ElBakary, M., ElDahshan, K., & Salah, D. (2022). BC-HRM: A blockchain-based human resource management system utilizing smart contracts. In The International Conference on Deep Learning, Big Data and Blockchain (Deep-BDB 2021) (pp. 91-105). Springer International Publishing.

Ajala, A. A. (2023). Working conditions and job satisfaction in a manufacturing organisation: a study of glaxosmithkline consumer Nigeria PLC. Review of Public Administration and Management, 12(1), 115-120.

Ali, A., Alim, W., Ahmed, J., & Nisar, S. (2022). Yoke of corporate governance and firm performance: A study of listed firms in Pakistan. Indian Journal of Commerce and Management Studies, 13(1), 8–17. https://doi.org/10.18843/ijcms/v13i1/02

Alt, E, Díez-de-Castro, Ep., Lloréns-Montes, FJ (2015), Linking employee stakeholders to environmental performance: The role of proactive environmental strategies and shared vision, Journal of Business Ethics 128, 167-181, 214

Alt, E, Spitzeck, H (2016), Improving environmental performance through unit-level organizational citizenship behaviors for the environment: A capability perspective, Journal of environmental management 182, 48-58, 161

Amoah, C., & Steyn, D. (2023). Barriers to unethical and corrupt practices avoidance in the construction industry. International Journal of Building Pathology and Adaptation, 41(6), 85-101.

Andalib, T. W, Halim, A-H (2019). Convergence of Conceptual Innovation Framework to Reduce Challenges Faced by the Small and Medium Sized Enterprises’ (SMEs) in Bangladesh, Journal of Open Innovation: Technology, Market and Complexity, 5(3), 63.

Andalib, T. W. (2018). A study on convergence of international employee rights within human resources management practices in Bangladesh. PhD thesis, Universiti Malaysia Pahang

Andalib, T. W., Darun, M. R, Halim, H.A. (2019). Re-engineered and Integrated Industrial Relations Model for Governance Integrity: Multiple Case Studies in Bangladesh, KnE Social Sciences, 1254–1270

Andalib, T. W., Darun, M. R., Halim, H.A. (2020). Green Compensation Package of HRM Framework and Its Impact on the Supply Chain Management in Bangladeshi Manufacturing Companies’, International Journal of Supply Chain Management, 9, 1, 366-374

Andalib, T. W.; Darun M.R and Azizan, N. A (2019). East Asian Trends of Human Resources Management: Theories and Practices, International Journal of Human Resources Development and Management, 19,2

Andalib, T.W, K., Z.B., Mishra, P (2022), Technoeconomics and lifecycle assessment of bioreactors: wastewater treatment plant management, Techno-economics and Life Cycle assessment of Bioreactors: Post Covid-19 Waste Management Approach

Auerbach, C. F., & Silverstein, L. B (2003), An introduction to coding and analysis, Qualitative Data, New York and London: New York University Press

Bangladesh Employees’ Federation, BEF (2009). The Bangladesh Labour Act 2006

Beer, M., Boselie, P., & Brewster, C. (2015). Back to the future: Implications for the field of HRM of the multistakeholder perspective proposed 30 years ago. Human Resource Management, 54(3), 427-438

Beer, M., Spector, B., Lawrence, P. R., Mills, D. Q., & Walton, R. E. (1984). Managing Human Assets. Free Press.

Berle, A. A., & Means, G. C. (1932). The modern corporation and private property. New York: Macmillan.

Brickley, J. A., & Zimmerman, J. L. (2010). Corporate governance myths: Comments on Armstrong, Guay and Weber. Journal of Accounting and Economics, 50, 235–245.

Candy S. S., YiEric Y., Christopher, F. Shilpi, T. (2020). Benefits and Use of Blockchain Technology to Human Resources Management: A Critical Review, April 2020, International Journal of Human Resource Studies 10(2): 131, doi: 10.5296/ijhrs.v10i2.16932

Checkland, P., & Poulter, J. (2020). Soft systems methodology. Systems approaches to making change: A practical guide, 201-253.

Creswell, J. W (2013). Research Design Qualitative, Quantitative, Mixed Methods Approaches. SAGE Publications, London

Creswell, J.W., Creswell, D.W. (2022). Research Design Qualitative, Quantitative, and Mixed Methods Approaches. London: SAGE Publications, Sixth Edition

Davis, R; Carnovali, M (2019), The HR Function’s Compliance Role, Corporate Compliance Insights, https://www.corporatecomplianceinsights.com/hr-function-compliance-role/

Deloitte. (2024). Sustainability Risk Management and SDGs. Retrieved from https://www2.deloitte.com

Denai M, Palis F, Zeghbib A. (2007). Modeling and control of nonlinear systems using soft computing techniques, Applied Soft Computing, 7(3):728-738

Dey, S., Basak, P. (2016). Rana Plaza Disaster and Thereafter: Evaluating Efforts to Manage Safety and Social security in the RMG Sector, Bangladesh, Perspective in Social Sciences, 12(8), pp. 67-82, University of Dhaka

Eisenhardt, K. M., & Graebner, M. E., (2007). Theory building from cases: opportunities and challenges, Academy of Management Journal, 50(1), 25-32

Foorthuis, Ralph; Rik Bos, (2011), A Framework for Organizational Compliance Management Tactics, June, Lecture Notes in Business Information Processing 83:259-268, DOI: 10.1007/978-3-642-22056-2_28, Advanced Information Systems Engineering Workshops - CAiSE 2011 International Workshops, London, UK, June 20-24, 2011. Proceedings; https://www.allbusiness.com/developing-an-effective-hr-compliance-program-979-1.html

Fox, S., & Spector, P. E. (1999). A model of work frustration–aggression. Journal of organizational behavior, 20(6), 915-931

Freeman, R. E., Phillips, R., & Sisodia, R. (2020). Tensions in stakeholder theory. Business & Society, 59(2), 213–231, doi: https://doi.org/10.1177/0007650318773750.

Freeman, R.E. (1984) Strategic Management: A Stakeholder Approach, Pitman, Boston, MA. Foorthuis, R, Rik B., (2011). A Framework for Organizational Compliance Management Tactics, Lecture Notes in Business Information Processing, 83:259-268, doi: 10.1007/978-3-642-22056-2_28, Advanced Information Systems Engineering Workshops - CAiSE 2011 International Workshops, London, UK, June 20-24,

García-Sánchez, O. Suárez-Fernández J. Martínez-Ferrero Female directors and impression management in sustainability reporting Int. Bus. Rev., 28 (2019), pp. 359-374, 10.1016/j.ibusrev

González-Gómez, H. V., & Hudson, S. (2023). Employee frustration with information systems: appraisals and resources. European Management Journal.

Grubic, T., & Jennions, I. K. (2018). Do machines understand their own health? A decision support approach for fault diagnosis and maintenance in manufacturing. Computers in Industry, 99, 186-199.

Guest, D. E. (1997), Human resource management and performance: a review and research agenda”, The International Journal of Human Resource Management, 8(3), 263-276. doi: 10.1080/095851997341630.

Hassini, E., Surti, C., & Searcy, C. (2012). A literature review and a case study of sustainable supply chains with a focus on metrics. International Journal of Production Economics, 140(1), 69-82.

HoonLee, Jung., Phaal, Robert., Sang-HoLee., (2013). An integrated service-device-technology roadmap for smart city development, Technological Forecasting and Social Change,80, 2,286-306

Hörisch, J., Schaltegger, S., & Freeman, R. E. (2020). Integrating stakeholder theory and sustainability accounting: A conceptual synthesis. Journal of Cleaner Production, 275, 124097, doi: https://doi. org/10.1016/j.jclepro.2020.124097.

International Labour Organisation. (2012). Handbook of procedures relating to international Labour Conventions and Recommendations

Isa, W. A. R. W. M., & Amin, I. M. (2022). A Bibliometric Study of Traditional Medicinal Plant Database Research, 2001–2021. International Journal of Academic Research in Progressive Education and Development, 11(2).

ISO (2022a), “About us. International organization for standardization”, available at: https://www.iso.org/about-us.htKeasey, K. and Wright, M. (1993), “Issues in corporate accountability and governance”, Accounting and Business Research, Vol. 23 No. 91, pp. 291-303

Jha, J. K., & Singh, M. (2023). Who cares about ethical practices at workplace? A taxonomy of employees’ unethical conduct from top management perspective. International Journal of Organizational Analysis, 31(2), 317-339.

Jiménez, A., Arrieta, Y., Nuñez, M. A., & Villanueva, E. (2024). Management of Strategic Risks for the Sustainability of SMEs in the Manufacturing Sector. Sustainability, 16(5), 2094.

Khanifah, K., Hardiningsih, P., Darmaryantiko, A., Iryantik, IUdin, U. D. I. N. (2020). The effect of corporate governance disclosure on banking performance: Empirical evidence from Iran, Saudi Arabia and Malaysia. The Journal of Asian Finance, Economics and Business, 7(3), 41–51.

Ledi, K. K., & Ameza – Xemalordzo, E. (2023). Rippling effect of corporate governance and corporate social responsibility synergy on firm performance: The mediating role of corporate image. Cogent Business & Management, 10(2). https://doi.org/10.1080/23311975.2023.2210353

Lin, J., Wang, H., Chen, X., & Wang, H. (2019). The impact of ergonomic interventions on musculoskeletal disorders and productivity in the workplace: A systematic review. International Journal of Environmental Research and Public Health, 16(12), 2102Locke, K., Feldman, M., & Golden-Biddle, K. (2022). Coding practices and iterativity: Beyond templates for analyzing qualitative data. Organizational research methods, 25(2), 262-284.

Mccavish, P. (2012). Rana Plaza a disaster from which we learn boxwood- works where it matters

Merriam, S. B. (1995). Theory to Practice: What can you tell from an N of 1: Issues of validity and reliability in qualitative research PAACE”, Journal of Lifelong Learning, 4, 51-60

Miles, M. B., Huberman, A. M., & Saldaña, J. (2014). Qualitative Data Analysis. A Methods Sourcebook. Los-Angeles, London, New Delhi, Singapore, Washington DC: SAGE Publications.

Ogbeibu, S., Emelifeonwu, J., Pereira, V., Oseghale, R., Gaskin, J., Sivarajah, U., & Gunasekaran, A. (2024). Demystifying the roles of organizational smart technology, artificial intelligence, robotics and algorithms capability: A strategy for green human resource management and environmental sustainability. Business Strategy and the Environment, 33(2), 369-388.

Onwuegbuzie, A. J., Dickinson, W. B., Leech, N. L., & Zoran, A. G. (2009). A Qualitative Framework for Collecting and Analyzing Data in Focus Group Research. International Journal of Qualitative Methods, 8(3), 1-21

OSHA. (2019). Occupational Safety and Health Administration. Retrieved from https://www.osha.gov.

Rivaldo, Y., & Nabella, S. D. (2023). Employee performance: Education, training, experience and work discipline. Calitatea, 24(193), 182-188.

Roy, A. (2016). Corporate Governance and Firm Performance: A Study of Indian Listed Firm, Metamorphosis: A Journal of Management Research, https://doi.org/10.1177/0972622516629032

Salah, D., Ahmed, M., H, A, K., A E, (2020). Blockchain Applications in Human Resources Management: Opportunities and Challenges, EASE ‘20: Proceedings of the Evaluation and Assessment in Software Engineering, 383–389, https://doi.org/10.1145/3383219.3383274

SHRM. (2020). Developing Effective Employee Handbooks: Analysis and Recommendations. Retrieved from https://www.shrm.org/resourcesandtools/tools-and-samples/how-to-guides/pages/developingeffectiveemployeehandbooks.aspx.

SHRM. (2020). How to Develop a Job Description. Retrieved from https://www.shrm.org/resourcesandtools/tools-and-samples/how-to-guides/pages/how-to-develop-a-job-description.aspx.

Smith, J., & Brown, A. (2018). Selection of production machinery and its impact on manufacturing processes. Journal of Manufacturing Processes, 35, 1-10.

Sotirios, P., Mark, Loizos,H. (2014). A strategic view on smart city technology, The case of IBM Smarter Cities during a recession, Technological Forecasting and Social Change, 89, 262-272

Spence, A. (2018). Blockchain and the Chief Human Resources Officer. Transforming the HR Function and the market for skills, talent, and training. A Blockchain Research Institute.

Stake, R. (1995). Data Gathering: The art of case studyresearch, 49-68

Stake, R. E. (2010). Qualitative research: Studying how things work.

Taticchi, P., Tonelli, F., & Pasqualino, R. (2013). Performance measurement of sustainable supply chains: A literature review and a research agenda. International Journal of Productivity and Performance Management, 62(8), 782-804.

Thornhill-Miller, B., Camarda, A., Mercier, M., Burkhardt, J. M., Morisseau, T., Bourgeois-Bougrine, S., ... & Lubart, T. (2023). Creativity, critical thinking, communication, and collaboration: assessment, certification, and promotion of 21st century skills for the future of work and education. Journal of Intelligence, 11(3), 54.

Tiwari, P. Shri C., Karunesh S. (2012). Human Resource Management Practices: A Comprehensive Review, Pakistan Business Review

Trong, P. D. (2020). Impact of Empowering Leadership on Nurses’ Retention and Job Performance through Psychological Empowerment: A Study of Human Resource Management in Hospitals of Vietnam

United_Nations. (1945), Universal Declaration of Human Rights

Usman, H., & Projo, N. W. K. (2022). Integration of Technology Acceptance Model (TAM), Marketing Relationships, and Sharia Compliance in Indonesia's Islamic e-banking. The Asian Journal of Business Environment (AJBE), 12(4), 25-34.

Wahyudi, W., Kurniasih, D., Haryadi, D., & Haquei, F. (2022). Strategy To Improve Employee Performance. Available at SSRN. http://dx.doi.org/10.2139/ssrn.4308837

Wicaksono, A. P., & Setiawan, D. (2022). Water disclosure in the agriculture industry: Does stakeholder influence matter? Journal of Cleaner Production, 337, 130605, doi: https://doi.org/10.1016/j. jclepro.2022.130605

WM Verhoeven, J., & Thøis Madsen, V. (2022). Active employee communication roles in organizations: A framework for understanding and discussing communication role expectations. International Journal of Strategic Communication, 16(1), 91-110.

Xu, M., Chen, X. & Kou, G. (2019). A systematic review of Blockchain, Financial Innovation, 5(27)

Yi, CSS, Yung E, Fong, C Tripathi, S (2020), Benefits and Use of Blockchain Technology to Human Resources Management: A Critical Review, April, International Journal of Human Resource Studies 10(2):131, DOI: 10.5296/ijhrs.v10i2.16932

Yin, R. K. (2009). Case study research design and methods. Sage publications, 4: 240

Zaman, R., Jain, T., Samara, G., & Jamali, D. (2022). Corporate Governance Meets Corporate Social Responsibility: Mapping the Interface. Business & Society, 61(3), 690-752. https://doi.org/10.1177/0007650320973415




DOI: https://doi.org/10.24294/jipd5318

Refbacks

  • There are currently no refbacks.


Copyright (c) 2024 Tarnima Warda Andalib, T. Ramayah, Takmilla Tabassum, Shosunth Chandra Sarker, Fairuza Mehreen, Md Tanvir Hasan

License URL: https://creativecommons.org/licenses/by/4.0/

This site is licensed under a Creative Commons Attribution 4.0 International License.