Managing companies with ukhuwwah approach as business core catalyst for sustainability

There are many approaches to ensure businesses are capable of sustaining good performance. Strategic bond or ukhuwwah enables managers, employees and key stakeholders to work in collaborative and cooperative manner in formulating, implementing and evaluating strategies for sustainable competitive ad...

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Main Author: Mhd. Sarif, Suhaimi
Format: Article
Language:English
Published: International Journal of Business, Economics and Law - IJBEL 2016
Subjects:
Online Access:http://irep.iium.edu.my/50893/
http://irep.iium.edu.my/50893/
http://irep.iium.edu.my/50893/1/50893_-_Managing_companies_with_ukhuwwah_approach_as_business_core_catalyst_for_sustainability.pdf
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recordtype eprints
spelling iium-508932016-12-27T01:46:30Z http://irep.iium.edu.my/50893/ Managing companies with ukhuwwah approach as business core catalyst for sustainability Mhd. Sarif, Suhaimi HF5387 Business ethics There are many approaches to ensure businesses are capable of sustaining good performance. Strategic bond or ukhuwwah enables managers, employees and key stakeholders to work in collaborative and cooperative manner in formulating, implementing and evaluating strategies for sustainable competitive advantage and performance. The use of ukhuwwah approach as core catalyst in managing companies enhances capability and capacity building of companies. Ukhuwwah is developed under several stages, namely get knowing (ta’aruf), get understanding (tafahum), give mutual help (ta’awun), mutual protection (takaful), and mutual love and care (tanashur). This study argues that ukhuwwah approach is not only serves as enabler and catalyst for the business survival and growth, but also serves as core catalyst for business to enjoy sustainability. Ukhuwwah approach provides universal and high contextual environment. The interactions with many stakeholders enable rich and useful information, which is useful for forecasting unit of many organizations. A personal interview five small and medium companies found out that ukhuwwah enables core competencies to be acquired, transferred, stored and improved. However, the results are contextual specific to the five firms being interviewed. International Journal of Business, Economics and Law - IJBEL 2016-04-18 Article PeerReviewed application/pdf en http://irep.iium.edu.my/50893/1/50893_-_Managing_companies_with_ukhuwwah_approach_as_business_core_catalyst_for_sustainability.pdf Mhd. Sarif, Suhaimi (2016) Managing companies with ukhuwwah approach as business core catalyst for sustainability. International Journal of Business, Economics and Law, 9 (2). pp. 7-12. ISSN 2289-1552 http://ijbel.com/previous-issues/april-2016/vol-9-april-2016-issue-2-business/
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
topic HF5387 Business ethics
spellingShingle HF5387 Business ethics
Mhd. Sarif, Suhaimi
Managing companies with ukhuwwah approach as business core catalyst for sustainability
description There are many approaches to ensure businesses are capable of sustaining good performance. Strategic bond or ukhuwwah enables managers, employees and key stakeholders to work in collaborative and cooperative manner in formulating, implementing and evaluating strategies for sustainable competitive advantage and performance. The use of ukhuwwah approach as core catalyst in managing companies enhances capability and capacity building of companies. Ukhuwwah is developed under several stages, namely get knowing (ta’aruf), get understanding (tafahum), give mutual help (ta’awun), mutual protection (takaful), and mutual love and care (tanashur). This study argues that ukhuwwah approach is not only serves as enabler and catalyst for the business survival and growth, but also serves as core catalyst for business to enjoy sustainability. Ukhuwwah approach provides universal and high contextual environment. The interactions with many stakeholders enable rich and useful information, which is useful for forecasting unit of many organizations. A personal interview five small and medium companies found out that ukhuwwah enables core competencies to be acquired, transferred, stored and improved. However, the results are contextual specific to the five firms being interviewed.
format Article
author Mhd. Sarif, Suhaimi
author_facet Mhd. Sarif, Suhaimi
author_sort Mhd. Sarif, Suhaimi
title Managing companies with ukhuwwah approach as business core catalyst for sustainability
title_short Managing companies with ukhuwwah approach as business core catalyst for sustainability
title_full Managing companies with ukhuwwah approach as business core catalyst for sustainability
title_fullStr Managing companies with ukhuwwah approach as business core catalyst for sustainability
title_full_unstemmed Managing companies with ukhuwwah approach as business core catalyst for sustainability
title_sort managing companies with ukhuwwah approach as business core catalyst for sustainability
publisher International Journal of Business, Economics and Law - IJBEL
publishDate 2016
url http://irep.iium.edu.my/50893/
http://irep.iium.edu.my/50893/
http://irep.iium.edu.my/50893/1/50893_-_Managing_companies_with_ukhuwwah_approach_as_business_core_catalyst_for_sustainability.pdf
first_indexed 2023-09-18T21:12:01Z
last_indexed 2023-09-18T21:12:01Z
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