RISK AND ENSURING THE ECONOMIC SUSTAINABILITY OF ENTREPRENEURIAL STRUCTURES

2022 ◽  
Author(s):  
Yuriy Tyrkalo ◽  
Keyword(s):  
Risk Management ◽  
Environmental Sustainability ◽  
Institutional Environment ◽  
Negative Impact ◽  
Integral Characteristic ◽  
Information Support ◽  
Main Element ◽  
Economic Sustainability ◽  
Organizational Sustainability ◽  
Environment Sustainability

The article reveals the features of risk and the specifics of ensuring the economic sustainability of entrepreneurial structures. It has been determined that the components of the economic sustainability of entrepreneurial structures are financial sustainability, production sustainability, personnel sustainability, investment sustainability, marketing sustainability, managerial sustainability, organizational sustainability, communicative sustainability, socio-psychological sustainability, innovative sustainability, environmental sustainability, technical and technological sustainability, market sustainability, sustainability of external relationships, sustainability of the institutional environment, sustainability of information support. It has been established that the procedure for managing the economic sustainability of entrepreneurial structures includes a risk factor, since the adoption of managerial decisions on issues of economic sustainability is probable. It has been established that the key factor influencing the economic sustainability of entrepreneurial structures is economic risk, which is based on internal and external sources of negative impact on the development potential of entrepreneurial structures towards its effective implementation and sustainable development in uncertain conditions. It is proved that the risk resistance of entrepreneurial structures is the main element of the overall zustainability of entrepreneurial structures and an integral characteristic of entrepreneurial structures as open socio-economic systems, which characterize the general possibilities of achieving effective and risk-free functioning. It has been established that one of the tools for creating favorable conditions for the functioning of entrepreneurial structures is risk management, the main tasks of which are to determine the object of management for a specific entrepreneurial structure, to establish the level of danger of realizing a certain risk, to determine the possible consequences and amount of damage, to assess the propensity of entrepreneurial structures to the risk of doing business activities, defining a system of priority directions for responding to a risk, developing risk management mechanisms for entrepreneurial structures. In the future, it is recommended to study the causes, consequences and components of the process of managing entrepreneurial risks.

Sustainable supply chain design: an application example in local business retail

SIMULATION ◽  
2012 ◽  
Vol 88 (12) ◽  
pp. 1484-1498 ◽  
Author(s):  
Francesco Longo
Keyword(s):  
Supply Chain ◽  
Simulation Model ◽  
Environmental Sustainability ◽  
Optimization Problems ◽  
Negative Impact ◽  
Supply Chain Design ◽  
Economic Sustainability ◽  
Satisfaction Level ◽  
Sustainable Supply Chain ◽  
Potential Customers

The paper demonstrates the need to consider different sustainability aspects in supply chain redesign and optimization problems. To this end a simulation model of local pharmaceutical business retail is presented as application example. Three different sustainability aspects are considered (technical sustainability, economic sustainability and environmental sustainability) when investigating two different problems: the addition of new pharmacies to the supply chain and optimization of the supply chain routes. The main goals are to understand how new potential customers can be added to the supply chain while reducing the negative impact on the customers’ satisfaction level (technical sustainability), how to optimize the routes followed by each transportation vector (technical, economic and environmental sustainability) and how to compare different solutions in terms of truck fleets in order to reduce CO2 emissions (environmental and economic sustainability).

Understanding the Tradition of Male Calf Release in Tambakan Village of Bali Island, Indonesia from the Perspective of History, Religion, Environment Sustainability and Food Security

2020 ◽  
Vol 9 (2) ◽  
Author(s):  
Luh Putu Puspawati ◽  
I Made Swastika ◽  
Tjokorda Udiana Nindhia Pemayun ◽  
Tjokorda Gde Tirta Nindhia
Keyword(s):  
Food Security ◽  
Environmental Sustainability ◽  
The People ◽  
Environment Sustainability ◽  
The Village

Historically the tradition of male calf release in Tambakan Villlage was initiated from the vow of the defeated soldier of the kingdom of Buleleng over the kingdom of Bangli in the Island of Bali in the region of present day Indonesia. The defeated soldiers of Buleleng were hiding in the forest around the presentday village of Tambakan, Buleleng, Bali. All the soldiers vowed to the Deity dwelling in the forest to hand over a male calf if they survived the pursuit of the enemy. In the end, the enemy could not find them and the soldiers remained in the forest and continued their lives there. The village was named as Tambakan, meaning a buffer of enemy attack. The village was surrounded by a fence made from bamboo during that time. The soldiers then paid their vows by releasing male calves into the forest. This historical incident then developed to become a belief of the local peoples that if they vow to release a male calf to the Deity, then their wish will be fulfilled. Indeed many wishes of the people did come true when they released a male calf to the forest. Consequently, the population of the bulls increased in the forest, and by the influence of the Hindu Tantra sect, about 23 bulls from the forest are taken out every 2 years to be sacrificed in the temples addressed to Goddess of Durga. The meat of the sacrificed bulls is then distributed to the members of the village to be consumed. The releases of male calves gives benefit to environmental sustainability and the distribution of the meat after sacrificing guarantees food security for the people.

THE REFORM STRATEGY OF NATIONAL FINANCE: DEVELOPMENT DIRECTIONS IN BELARUS

2020 ◽  
Vol 6 (2) ◽  
pp. 209-224
Author(s):  
Elena F. KIREEVA
Keyword(s):  
Fiscal Policy ◽  
Organizational Support ◽  
Financial Management ◽  
Negative Impact ◽  
Integrated Approach ◽  
Legal Framework ◽  
Policy Formation ◽  
Information Support ◽  
Financial Flows ◽  
Fiscal System

The article considers the problem of reforming national finances at the present stage of economic development, taking into account the features of the functioning of the national economy and fiscal threats. The purpose of this work is to determine the strategy for reforming the fiscal system and substantiate the main directions of its development. The relevance of the study is due to an integrated approach to the formation of fiscal policy, including both its main components: tax, budget, debt policies, and the need to improve the mechanism to ensure their effectiveness. To implement this mechanism, it is necessary to use both innovative methods of planning and forecasting fiscal flows, and to modernize the legal framework that strengthens the foundations of managerial decisions in the field of finance. Based on the goal, a comparative assessment of the forecast and actual scenarios of the development of fiscal relations in the republic was carried out, the most acute points of fiscal policy formation were analyzed: social payments, tax administration, budget financing, debt obligations, information support for the movement of financial flows. Based on the results of the research conducted in the article, conclusions and suggestions are made regarding all areas of improving fiscal policy as the basis for ensuring an effective national financial management strategy. Priority measures have been identified to reduce the negative impact of risks on the stability of the fiscal system. Instruments of regulatory impacts on negative economic and social trends are determined by the choice of areas of strategic management and the mechanism of their organizational support. Scientific novelty lies in the substantiation of a set of elements of fiscal policy as the basis for developing a strategy for managing national finances that takes into account the increase in the social and economic efficiency of using the financial resources of the state.

scholarly journals Trade-off between India’s Trade Promotion and its Environmental Sustainability

2019 ◽  
Vol 8 (3) ◽  
pp. 405
Author(s):  
Manasi Gore ◽  
Meenal Annachhatre
Keyword(s):  
Sustainable Development ◽  
Environmental Pollution ◽  
Foreign Trade ◽  
Environmental Sustainability ◽  
National Income ◽  
Petroleum Products ◽  
Economic Sustainability ◽  
Green Products ◽  
Gold Silver ◽  
Petroleum Refineries

The concept of sustainable development involves three components namely economic, social and environmental. In a developing economy like that of India, the economic sustainability demands higher growth of key economic indicators such as National income, employment generation, production, consumption and even the foreign trade. The growth of foreign trade and that of the exports are very critical for the foreign exchange reserves essential to pay for the imports in India. Trade as an engine of the economic growth thus fulfils the essential implication for economic sustainability. But in achieving this growth, economy’s environmental sustainability is at stake. This is because, the top export products of India still comprise of petroleum products (18%) , agricultural products (12%), textiles and yarns together at 11 % and chemicals (10%). All these exports in their production have immensely contributed towards environmental pollution in one way or the other. Mining for gold, silver and diamonds resulted in water pollution, Green House Gas emission, and soil erosion. Petroleum refineries are a major source of hazardous and toxic air pollutants such as particulate matter (PM).Though India’s contribution to the total world trade is yet negligible, while promoting the major exports as mentioned above the natural resources are exploited too much and thus create a threat to India’s environmental sustainability. This paper therefore advocates the need for the Green products’ exports to make India’s growth story even environmentally sustainable. Keywords: Sustainable development, Green products, Exports, Imports, Environmental Pollution

scholarly journals THE MAIN DIRECTIONS OF ESTIMATION OF CORPORATE SOCIAL RESPONSIBILITY OF BUSINESS

2018 ◽  
Vol 13 (3) ◽  
pp. 130-134 ◽  
Author(s):  
Гузалия Клычова ◽  
Guzaliya Klychova ◽  
Алсу Закирова ◽  
Alsu Zakirova ◽  
Альфия Юсупова ◽  
...  
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Human Resources ◽  
Social Development ◽  
Environmental Sustainability ◽  
Negative Impact ◽  
The State ◽  
Business Partners ◽  
The Social ◽  
Corporate Social

In modern conditions, the social component of business is becoming increasingly important both for organizations and for society as a whole, since, as many years of experience show, those enterprises that develop their socially-oriented activities are more trusted by the state, investors, counterparties, creditors and other business partners. The social responsibility of business helps minimize the negative impact of the enterprise's production activities, the formation of an atmosphere of trust, predictability and common values in society, thanks to which, business becomes economically and socially more sustainable. In this regard, relevant issues are related to the assessment of the level of social responsibility of the enterprise, determining the main directions of social development of companies. The economic essence of the concept “corporate social responsibility” has been studied and specified in the article, the main directions of the corporate social responsibility of business assessment are examined. For a comprehensive assessment of corporate social responsibility, a system of indicators is proposed that takes into account its following components: the development and implementation of human resources, the formation of environmental sustainability and the implementation of socially significant projects.

scholarly journals Sustainable Development Strategy on Poultry Industry in Indonesia

2020 ◽  
Author(s):  
Saptana Saptana ◽  
Rahmat Fadhil ◽  
Atika Dyah Perwita
Keyword(s):  
Development Strategy ◽  
Environmental Sustainability ◽  
Negative Impact ◽  
Conventional Approach ◽  
Future Perspective ◽  
Poultry Industry ◽  
New Paradigm ◽  
Industry Development ◽  
Business People ◽  
Business Partnership

Development of poultry industry that had been running in Indonesia which more emphasized in economic growth aspect, on one side has succeeded in increasing production, but on the other side it caused negative impact toward business and environmental sustainability. A new paradigm reorientation of poultry industry development was needed in terms of direction, strategy and policy. This paper aimed to study the success and the failure of poultry industry development by conventional approach, paradigm of sustainable poultry industry development, concept and implementation of integrated business partnership, and future perspective. The results of this study showed that the development of poultry industry by conventional approach had generated negative impact toward business stability and sustainability, also toward environmental sustainability. The paradigm of sustainable poultry industry development could be used as an alternative strategy in improving farmers welfare while maintaining environmental sustainability. This paradigm could work well if it was integrated with an integrated business partnership strategy from upstream to downstream. In order to support this effort, consolidation of poultry industry institutions from upstream to downstream was required, so that integration of product processes and between business people could be achieved.

scholarly journals FINANCIAL TECHNOLOGY RISK MANAGEMENT MODELS

2020 ◽  
Vol 2 (32) ◽  
pp. 82-91
Author(s):  
D.A. Kurmanova ◽  
◽  
D.R. Sultangareev ◽  
L.R. Khabibullina ◽  
◽  
...  
Keyword(s):  
Risk Management ◽  
Natural Disaster ◽  
Data Protection ◽  
Negative Impact ◽  
Cyber Attack ◽  
General Data Protection Regulation ◽  
Internet Infrastructure ◽  
Cyber Threats ◽  
General Data ◽  
Financial Technology

Cyber incidents continue to move up in the rating of possible threats and occupy the second position in the ranking of risks in the activities of companies (40 %). Five years ago, they were on the fifteenth line. Like a natural disaster or pandemic, a cyber attack can have a negative impact on hundreds of companies, and the number of such incidents is growing. So-called "cyber incidents",when hackers interfere with the activities of a large number of companies, using the dependencies of their shared Internet infrastructure, occur more often. This reflects the fact that today's world of risk management is more volatile than ever. At the same time, with the upcoming entry into force of the General data protection regulation (GDPR), which has been in effect throughout Europe since may 2018, the prospects of imposing more and larger fines on companies that do not comply with it have already become real. Actions taken by the company in light of a data integrity violation directly affect the final cost of such a violation. Reputational damage is inevitable if the response to a cyber incident is inadequate. New risks require new tools to respond to their potential impacts and mitigate them. This article discusses the possible risks of financial technologies, draws attention to cyber threats, the frequency of which is increasing, and offers a model for identifying and evaluating cyber risks.

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