Abstract

KHUBANA, Talifhani; ROOTMAN, Chantal  and  SMITH, Elroy Eugene. Antecedents of Shared Value: Perceptions within the South African mining industry. JCMAN [online]. 2022, vol.19, n.1, pp.132-167. ISSN 1815-7440.  http://dx.doi.org/10.35683/jcm21041.141.

BACKGROUND: Mining has helped to shape South Africa to a greater extent than any other industry and accounts for a significant proportion of the country's gross domestic product (GDP), foreign exchange earnings and employment numbers. Despite mining being recognised as a 'sunset' industry plagued by rising costs, technical difficulties, political hostility and its legacy of diseases and negative environmental impact, South African mining is foundational to the development of all other industries and socio-economic priorities of government and communities. Shared Value (SV) creation is a core business practice that focuses on identifying and expanding the connections between societal and economic progress, including environmental opportunitiesPURPOSE OF THE STUDY: The primary objective of this study was to investigate the antecedents of SV within the South African mining industryDESIGN/METHODOLOGY/APPROACH: A convenience sample of 340 respondents who are employed as managers within the mining industry completed self-administered questionnaires in order to record their perceptions of SV. The impact of six independent variables or antecedents on shared value was testedRESULTS/FINDINGS: From a quantitative analysis, the empirical results showed two statistically significant relationships. The results confirmed that automation and innovation (through innovation for value chain inclusivity, automation and business model innovation, infrastructure development), as well as employment conditions, could be regarded as antecedents of SV in the mining industryMANAGERIAL IMPLICATION: Based upon its results, this study contributed to the existing body of related knowledge by providing practical recommendations to policymakers and managers within the mining industry to improve its competitiveness, sustainable performance and economic prosperity by resolving social and environmental issues of mutual interest to communities, government and other key stakeholdersJEL CLASSIFICATION: O21

Keywords : Automation; business model innovation; competitive advantage; employment conditions; inclusive value chain innovation; infrastructure development; innovation; mineral resource governance; shared value.

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