Table 1

Assessments of indicator properties in measurement model

ConstructItemx- σλVIF
Innovativeness (IN)Our organisation seeks out new ways to do things.5.1331.8320.6361.355
We actively introduce improvements and innovations in our organisation5.3471.5270.8642.538
We are innovative in the way we run our business4.6801.4890.8852.588
Innovation is the source of our success4.2471.6610.7511.430
Sustainable management (SUSM)Pro-environmental activities hold an important place in our strategy4.7931.6100.8712.876
Principles of the circular economy are significantly present in our development strategy and business model4.0801.7190.7932.174
We aim to reduce waste and/or maximise its recycling5.7271.3560.8362.687
We strive to reduce the use of products that are harmful to the environment and the emissions of pollutants5.7871.3690.8242.859
We aim to reduce electricity consumption (e.g. by using energy-efficient technologies)5.5071.5780.7221.739
Firm competitiveness (FC)We are One of the leading companies on our market in terms of our business3.5671.6060.7181.366
Relative to competing products, our products are more successful in terms of sales3.5471.3090.8023.279
Compared to our competitors, we achieve better economic results3.6671.2090.8003.184
Our sales revenues are higher than those of our direct competitors4.0601.2070.8633.244
Relative to competing products, our products achieve and maintain higher market shares3.7601.2420.8533.106
Firm growth (FG)We are developing faster than our competitors3.9671.4160.6291.503
We are strongly focused on the growth of our company (e.g. increasing turnover, employment, market share)4.4331.7570.7451.700
We are developing much faster than expected3.7271.6120.8772.903
Our profitability has increased3.8801.7050.7783.207
Our sales are growing much faster than we expected3.4331.6310.8143.163
Note(s):

x- – mean; σ – standard deviation; λ – outer loadings; VIF – variance inflation factor

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