E3S Web Conf.
Volume 208, 2020First Conference on Sustainable Development: Industrial Future of Territories (IFT 2020)
|Number of page(s)||9|
|Published online||24 November 2020|
Sustainable development of organizations in modern conditions
Ural State University of Economics, 8 Marta Str., 62, 620144 Ekaterinburg, Russia
* Corresponding author: firstname.lastname@example.org
The article studies with the theoretical issues of sustainable development of organizations in modern conditions. The authors show that through achieving efficiency and effectiveness, an organization can thus ensure its sustainable development, and also provide a model of “4K ensuring the sustainable development of market entities”. Logical, expert, and system analysis were used as research methods. The specifics of the problem of determining the factors that affect the ability of economic entities to form a sustainable development strategy in modern conditions determined the structure of the study. The authors analyze various interpretations of the term “sustainability” and present the main factors affecting the development of economic systems in the form of a model of the organization’s functioning, taking into account the influence of environmental factors. In conclusion, the article substantiates the following: the presented model proves that to meet the needs of their stakeholders, organizations need to have certain capabilities, the effectiveness of which they can achieve by improving their management system.
© The Authors, published by EDP Sciences, 2020
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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