Sustainable Development of Industrial Enterprises as an Object of Strategic Management
Year: 2025
Type: article
Abstract: The article reveals the features of implementing the Concept of sustainable development in the practice of strategic management of enterprises. The Concept of sustainable development determines the development of an increasing number of enterprises. At the same time, the processes of implementing the Concept of sustainable development in practice are complex and require comprehensive management since, in modern conditions, the Concept itself is also being refined. Sustainable development management requires the use of a long-term approach and increasingly involves the use of strategic management methods. The basis of sustainable development management of enterprises should be an understanding of the content of the Concept and the constituent elements of sustainable development. As studies have shown, most scientists distinguish three main elements of the Concept of sustainable development: economic, social, and environmental, which reflect the key vectors on which the emphasis is placed. These components may have different priority levels in the management process, but they are considered an integral system and complement each other. To understand the reflection of the main components of sustainable development in strategic management processes, the main types of sustainability are revealed, their characteristics and threats to their provision are given. The identified types of sustainability are objects of management; however, ensuring sustainable development is not the algebraic sum of achieving separate social, economic, and environmental sustainability. The article also states that achieving a certain type of sustainability can often be achieved by ignoring other types. To ensure the direct sustainable development of an enterprise, the specified types of sustainability should be considered as complementary elements. The article also reveals modern trends in the development of the Concept of sustainable development, which is manifested in the separation of managerial and organizational components. The basis of the managerial aspect is the dynamics of the external environment, and counteraction ensures the achievement of organizational sustainability. The components of sustainable development in the traditional sense are in the plane of the strategic interests of the enterprise, and managerial and organizational sustainability can be considered as a condition for achieving overall sustainability.
Authors: Iryna Tarasenko, Kostiantyn Olefirenko
Institution: Kyiv National University of Technologies and Design
Language: English
Subfield: Management of Technology and Innovation
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4411607340