The Smart Community: Strategy Layers for a New Sustainable Continental Framework

Abstract

The topic investigated in this article is a comparison, contrast, and integration effort of European strategies for sustainable development with the evolving market initiatives that are beginning to fuel the fourth industrial revolution. Several regulatory initiatives from continental bodies come into effect to radically change access to finances for business development, based on sustainability goals, and an analysis of the legislation and trends becomes essential for an effective pivot tactic in the face of adversity, as well as change management policies to pre-emptively adapt and perform. The general research question is “what the strategic tools are best employed to overcome the hurdles laid forth by the drastic changes legally required for a sustainable future?” The research methods include a quantitative analysis of norms, regulations, and legislation, including strategic initiatives circulated in the European Union governmental bodies, integrated with qualitative research of the literature. The study finds and draws synergies between national strategies that have recently been drafted or are currently evolving with sustainability-centric initiatives such as the hydrogen initiative, the nuclear initiative, the natural gas initiative, the renewables initiative, the synthetics, and biomass initiative, the ESG initiative, the digital initiative. The findings are to contribute to the business administration field by providing an appropriate image of the organizational design model in the sustainability era, and a strategy framework to build the optimum long-term vision founded on continental regulatory initiatives that have come into effect.