Sustainable Management Strategies For Attaining Company’s Goals In The Zimbabwean Mining Industry

Abstract

The aim of the study was to determine the impact of adopting sustainable management strategies on the attainment of a company‘s goals in the Zimbabwean mining industry. The study adopted a quantitative research approach. Structured questionnaires were administered to a sample size of 278 respondents that was calculated using the Raosoft sample size calculator with a 5% margin of error, 95% confidence interval and 50% response distribution. A cross-sectional survey research design was used with stratified random sampling techniques. The study is hinged on the Resourced Based View Theory. Data were validated through exploratory factor analysis and the triangulation approach to ensure that meaningful findings were obtained. It was then analysed using SPSS® version 21 and AMOS® version 21. Results obtained show that adoption of sustainable management strategies results in environmental balance and social progress, increase productivity and reduce operational costs and eliminate risk posed by mining operations to humans and wildlife. The findings also show that there is a strong positive relationship between sustainable management strategies and company performance. The study recommends the alignment of company strategies to both the internal and external environment since they both influence the future position of the business. For improvement of current study results, the study recommends that future studies be carried out across all provinces in Zimbabwe to improve operational efficiency of mining companies. In addition, comparative studies among other related business sectors are also recommended