Green business value chain: a systematic review

Abstract

Compared to the past few decades, traditional companies are implementing more and more green strategies, because companies must respond to environmental impacts immediately. This study has economic, social, and commercial implications to implement environmental protective measures, establish social security and improve business stability. With these considerations in mind, the purpose of this study was specified to explore the implications of green strategies in each business process through considering green business practices in various functions of the business value chain. In methodology, a systematic literature review analysis through qualitative sampling study was conducted to address the findings. This review includes the impacts, relationships, characteristics, practices, and benefits of executing green strategies in business value chain. A number of examples of how green business can improve the environment and increase the cost-effectiveness have been discussed in the literature. Also, the study shows that the practices of green business are essential for today's world in the context of green capital. Different frameworks for green strategy implementation or business process have been developed and presented in findings to achieve the purposes of this study. In addition, the relationship between green strategies and business functions are revealed through the systematic review study. In conclusion, the practical significance and future research directions are specified.