Journal of Applied Economic Research
ISSN 2712-7435
Application Features of Methods Sustainable Development of Industrial Enterprise
Veretennykova O.V., Murai V.Yu.
Abstract
In the modern conditions of development of businesses the focusing of research is on the characteristics of their sustainable development. Existing methods of supporting such development are quite universal in nature, which does not fully reveal the economic potential of the industrial sector entities. The potential can be realized only through the prism of the use of sector-specific and risk management tools. The aim of the study is to determine the possibility of using the methods of the sustainable development of industrial enterprises, taking into account the specific characteristics of their activities. For a more thorough study of this problem the authors clarified the meaning of such categories as "sustainable development of the enterprise", "enterprise", "sustainable development of industrial enterprises", "method", "risk". They also identified the specific features of an industrial enterprise which determine the existence of a high probability of occurrence of potential risks of the operation of such entities. In order to identify ways of ensuring the sustainable development of industrial enterprise risk factors were identified determining the socio-economic, socio-environmental and ecological-economic component of its sustainable development. The study revealed that most of the risk factors associated with the complexity of the process and the organization of the production process; the duration of the production cycle; using a wide range of resources; changes in resource properties. The study of various aspects of functioning of industrial enterprises defined ways to ensure their sustainable development. These methods aim to minimize or eliminate symptoms of specific risk factors affecting the company's activity. The effectiveness of sustainable development depends on the choice of such a method which implies the existence of the cause-effect relationship between the tools used and factors manifesting the risks.
Keywords
sustainability; development; sustainable development; sustainable development of the enterprise; sustainable development of industrial enterprise; ways; risk; risk factors; efficiency; social component; environmental component; economic component
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About Authors
Veretennykova Oksana Vitalievna – Candidate of Economic Sciences, Associate Professor, Head of Department of Economic Theory and Information and Cost Engineering, Donbas National Academy of Civil Engineering and Architecture, Makeyevka, Ukraine (286123, Ukraine, Makeyevka, Derzhavin street, 2); e-mail: veretennikova_ok@mail.ru.
Murai Vladislav Yurievich – Post-Graduate Student, Department of Economic Theory and Information and Cost Engineering, Donbas National Academy of Civil Engineering and Architecture, Makeyevka, Ukraine (286123, Ukraine, Makeyevka, Derzhavin street, 2); e-mail: vlad.donnasa@gmail.com.
For citation
Veretennykova O.V., Murai V.Yu. Application Features of Methods Sustainable Development of Industrial Enterprise. Bulletin of Ural Federal University. Series Economics and Management, 2017, Vol. 16, No. 3, 464-483. DOI: 10.15826/vestnik.2017.16.3.023.
Article info
Received February 13, 2017; Accepted March 20, 2017.
DOI: http://dx.doi.org/10.15826/vestnik.2017.16.3.023.
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