Impact of Energy Management on Business Performance

Businesses have had to compete with many businesses not only in their possess countries but also around the world, as a result of globalization. In addition to the human, technological, and capital resources required for global success, the most important resource is energy. As civilization progressed, the need for everyone to use energy efficiently and rationally grew due to factors such as increasing energy demand, diminishing natural resources, and the threat of global climate change. Businesses that are conscious of controlling their energy costs have taken a more rational approach than institutions that place a low priority on this issue. Energy management is a strategic management application that expresses the sum of all measurements and management, including details and technical systems, applied in a planned manner to reduce energy consumption in an organization to the lowest possible level, which has a positive impact on business performance. Business performance, on the other hand, expresses efficiency, quality, customer satisfaction, employee satisfaction, and profitability. The purpose of this paper is to theoretically explain how energy consumption affects business performance