Some aspects of sustainable development management of business entities

¹ Yelets branch of ANO VO “Russian New University”, Lomonosov, 13, 399770 Yelets, Russia

^* Corresponding author: gadavl@list.ru

Abstract

The article deals with the management of sustainable development of business entities. So, stability characterizes the current state of a certain economic object to the pressure of external factors. In order to increase the stability of the organization to the effects of various factors, it is necessary to improve the object itself in such areas as social, economic and financial stability. These concepts are interrelated and actively affect the current economic activity of the facility. This article discusses various approaches to determining the sustainable development of organizations at different levels of business processes. The aim of the study of management of sustainable development of business entities is to develop optimal mechanisms of economic management that ensure the current sustainability of organizations. To achieve this goal, the issues of social, economic and financial stability of organizations were considered, the main trends and results of economic decisions during the functioning of economic entities were analyzed, the degree of their resistance to market conditions was determined. The theoretical and methodological basis for the study of sustainable development management of business entities were the works of domestic and foreign scientists in various fields of economics, enterprise management, and a comprehensive analysis of the financial and economic situation. For clarity, the authors have built figures, prepared tables and analyzed the data obtained. The article draws conclusions about the role of sustainable development in the economic life of business entities.