Year: 2024
Type: article
Abstract: Currently, social responsibility, sustainable development of organizations, constructive interaction with stakeholders, which include: employees, customers, business partners, investors, shareholders, government, communities and the environment. Recently, corporate governance representatives have realized that long-term business success is based on establishing and developing good relationships with a wide range of stakeholders. In recent decades, the UN Sustainable Development Goals have been increasingly mentioned and an impressive amount of literature on this topic has appeared. Heads of organizations are increasingly realizing that participation in solving sustainable development issues benefits companies, the environment and society as a whole.The article shows that responsible management and sustainable management are multidimensional concepts that cover not only economic aspects, but also social and environmental components. These areas involve a wide range of responsibilities assigned to various actors, such as the Government, multinational corporations or small companies. In addition, it shows that responsible management contributes to sustainable development in manyways.
Source: Economics Profession Business
DOI: 10.14258/epb202434
Authors: S. A. Galchenko, O. V. Ilyinova
Institution: Kursk State University
Language: English
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4409320287