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Punctilious on SDGs: Unleash Hotel Circular Economy Benefit via Social Exchange and Systems Thinking
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Author(s): Melissa Li Sa Liow (PSB Academy, Singapore)
Copyright: 2024
Pages: 23
Source title:
Managing Tourism and Hospitality Sectors for Sustainable Global Transformation
Source Author(s)/Editor(s): Pankaj Kumar (Mizoram University, India), S.K. Gupta (HNB Garhwal University, India), Maximiliano E. Korstanje (University of Palermo, Argentina), Prakash Chandra Rout (PSS Central Institute of Vocational Education, India)and Madhurima (Department of Environmental Science, Mizoram University, India)
DOI: 10.4018/979-8-3693-6260-0.ch007
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Abstract
This chapter addresses the imperative for the global tourism sector to embrace the Sustainable Development Goals (SDGs), emphasizing the potential of a circular economy. The approach involves a synthesis of literature, incorporating social exchange and systems thinking. A research framework is constructed to assesses the social, economic, and environmental (SEE) benefits of a circular economy on SDG attainment, considering the mediating role of innovative organizational competence, and how exchange ideology moderates the correlation between innovative organizational competence and sustainable organizational identity. With practical implications geared towards the Singaporean hotel industry, the research aligns with the Hotel Sustainability Roadmap by the Singapore Hotel Association and the Singapore Tourism Board till 2050. Theoretical implications extend to the integration of industrial ecology and organizational psychology and concepts like the Magnet Circular Hotel Industry and Organizational Business Model and the Pineapple SDG Crown for Hotel Circular Economy Practices.
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