scholarly journals Stakeholder Approach to Identify the Directions of a Comapany Innovative Development

2018 ◽  
Vol 5 (4) ◽  
pp. 46-55
Author(s):  
Ch. V. Kerimova
Keyword(s):  
Sustainable Development ◽  
Information Support ◽  
Innovative Development ◽  
Investment Activity ◽  
Stakeholder Approach ◽  
Economic Entity ◽  
Key Stakeholders ◽  
Business Analysis

The paper describes the basic principles of information support for innovative and investment activity of economic entities using stakeholder approach. This approach is based on the business analysis concept which involves taking into consideration the changes in internal and external environment and their impact on interests and requirements of key stakeholders of an entity. To ensure the balance of the interests of innovative and investment activity stakeholders the author justifies the necessity to systemize and structure both accounting and not accounting information. The paper provides the classification of the main users of information about innovative and investment processes and identifies the basic requirements to the information necessary for these groups of stakeholders. It also substantiates the needs and expectations of different groups interested in innovative activity (institutional units of public administration sector, social and public organizations, suppliers, customers, investors, competitors, founders and staff). Applying the concept of sustainable development the author formulates the principles of organizing the effective analytical toolkit for innovative and investment activity which contributes to the achievement of the goals of long-term sustainable development of an economic entity. This allows the business to respond flexibly and timely to the requirements of internal and external stakeholders in accordance with the stated goals and the chosen strategy of innovative development. The author offers a mechanism for cooperation between key stakeholders of innovative and investments processes which is based on singling out the interests and requirements of stakeholders belonging to the first and second circles. This mechanism would make it possible to ensure more reasonable cooperation between key business stakeholders and in future could result in creating value for stakeholders in a form of different benefits and advantages which would be impossible without joining efforts and harmonizing goals.

scholarly journals Systematization of Methodical Approaches to the Analysis of Economic Entity Sustainable Development

2019 ◽  
Vol 71 ◽  
pp. 04014
Author(s):  
O. Likhtarova
Keyword(s):  
Sustainable Development ◽  
Comparative Analysis ◽  
Integrated Assessment ◽  
Practical Interest ◽  
Stakeholder Approach ◽  
Economic Entity ◽  
Development Level ◽  
Methodological Approaches

The main approaches to the calculation and classification of indicators used for assessment of the economic entity sustainable development are considered in the study. Methodological advantages and shortcomings of approaches to the development of the system of indicators of an organization sustainable development within stakeholder approach are analyzed. The results of comparative analysis of the main international and Russian methodological approaches to the formation of the system of indicators for assessment of economic entity sustainable development are presented. The conclusion is drawn that in terms of stakeholder approach methodological approaches to the formation of integrated assessment of the organization sustainable development level on the basis of the formation of indexes and rating models are of great scientific and practical interest.

scholarly journals Development of Public Non-financial Reporting of Economic Entities

2020 ◽  
Vol 7 (4) ◽  
pp. 63-70
Author(s):  
E. V. Nikiforova
Keyword(s):  
Sustainable Development ◽  
Financial Reporting ◽  
Mutual Influence ◽  
Comprehensive Assessment ◽  
Real Economy ◽  
Financial Indicators ◽  
Financial Reports ◽  
Economic Entity ◽  
Key Stakeholders

The paper describes the main directions of public non-financial reporting development of economic entities. The main reason of disclosure non-financial indicators of an economic entity is to make the content more informative of the most significant of them for business. The research methodology, based on the methods of logical analysis, comparison and comparison, provides for the use of non-financial drivers of an economic entity, formed through an information system for a comprehensive assessment of its effectiveness. The result of the study is a proposal for a multi-factor approach to solving issues of sustainable development of economic entities. A comprehensive assessment of the economic entities performance should be based on the analysis of financial and non-financial reports that contributes the improvement of the information reliability about the activities of economic entities both in relation to their indicators in the medium and long term. Also, this concerns other fields of activity, taking into account the relationship and mutual influence of economic indicators. There have been formulated some recommendations regarding the information area of sustainable development of economic entities, which provides key stakeholders with timely and reliable information for developing ways of interaction. The research may be of interest to economic entities in the real economy sector in various fields of activity.

Higher education for sustainable development: stakeholders benefits

2020 ◽  
pp. 121-136 ◽  
Author(s):  
O.V. Kotomina ◽  
A.I. Sazhina
Keyword(s):  
Sustainable Development ◽  
Active Agent ◽  
Education For Sustainable Development ◽  
Special Role ◽  
Stakeholder Approach ◽  
Research Activities ◽  
Academic Activities ◽  
Key Stakeholders ◽  
The One ◽  
Significant Factors

Education is one of the key goals of sustainable development (SD), which establishes the basis for the improvement of the people’s living conditions. In this logic a special role is played by universities that create an institutional framework for educating citizens on sustainable development, offering a new understanding of social problems. On the one hand, universities can create and promote knowledge about SD by their educational, expert and research activities, hence developing relevant values among people. On the other hand, universities can become an active agent in implementing the concept of SD by introducing it into its own academic activities. The article considers stakeholder approach as one of the approaches to the implementation of the concept of education for sustainable development (ESD). Therefore based on this approach, the article explores the benefits of the key stakeholders of the sustainable university. Low awareness among key stakeholders is one of the significant factors that hindering the implementation of the SD concept. Due to the lack of a sufficient research focused on studying the interests of the main stakeholders in the framework of ESD, this article is an attempt to narrow this gap.

Influence of internal and external risks on sustainability of financial system of Аltai krai

2018 ◽  
Vol 35 (4) ◽  
pp. 133-136
Author(s):  
R. N. Ibragimov
Keyword(s):  
Sustainable Development ◽  
Financial Stability ◽  
Management Strategy ◽  
Financial System ◽  
Risk Management Strategy ◽  
The Sustainable Development ◽  
The Stability ◽  
The Impact

The article examines the impact of internal and external risks on the stability of the financial system of the Altai Territory. Classification of internal and external risks of decline, affecting the sustainable development of the financial system, is presented. A risk management strategy is proposed that will allow monitoring of risks, thereby these measures will help reduce the loss of financial stability and ensure the long-term development of the economy of the region.

scholarly journals Classification of Ecotourism Objects and its Perspective in Azerbaijan

2020 ◽  
Vol 2020 (1) ◽  
pp. 130-138 ◽  
Author(s):  
H. Khalilov
Keyword(s):  
Sustainable Development ◽  
Cultural Heritage ◽  
Natural Resources ◽  
Present Article ◽  
Local History ◽  
Material Objects ◽  
The Sustainable Development ◽  
Depth Study

Ecotourism is an important sector of tourism. The present article introduces a classification of its material and non-material objects. They are natural, anthropogenic, and fossil-anthropogenic monuments, which serve as information transmitters, and thereby play a significant role for local history. Objects of ecotourism are unique, attractive, and aesthetically appealing sights and samples of cultural heritage that stimulate ecotourism and the sustainable development of the region. The paradigm of ecotourism is modern, promising, profitable, and environmentally friendly. It presupposes a thorough in-depth study of its objects, as well as their development and classification. Azerbaijan boasts a considerable variety of physical and geographical conditions. This territory possesses both natural resources and the cultural heritage. Therefore, the country demonstrates a huge long-term potential for ecotourism.

scholarly journals A New Look at the Classification of Non-current Tangible Assets During a Crisis

2021 ◽  
Vol 25 (1) ◽  
pp. 46-51
Author(s):  
Alla Hnatiuk ◽  
Keyword(s):  
Management System ◽  
Economic Benefits ◽  
Enterprise Management ◽  
Economic Entity ◽  
Tangible Assets ◽  
Fixed Assets ◽  
Enterprise Management System ◽  
And Control

Annotation. Introduction. Creation of an efficient property management system is one of the main problems for the enterprise management system. The effectiveness of such a system is directly determined by the quality of information used for management. Among the tasks, which an economic entity faces, a special place is occupied by the classification of objects of accounting. Financial and tax indicators depend on its solution at a particular enterprise. In order to properly organize the economic activity of an enterprise, it is needed to know what funds it has and in what these funds are invested (placed). Therefore, the division of enterprise resources into separate groups is necessary to understand and summarize the accounting information used for financial statements. Purpose. To ensure the usefulness of information on the availability of non-current tangible assets, which is provided to users in the way of classification, the article defines the qualitative characteristics of the classification of non-current tangible assets (relevance, objectivity, reliability, content, comparison) and studies their essence. Results. The research suggests a critical assessment of existing approaches to the criteria for grouping non-current tangible assets in order to define differences between them. This has made it possible to clarify the content of the criteria for recognizing non-current tangible assets as assets of the enterprise (criteria of economic benefit, value reliability, and control). This clarification deepens the understanding of the nature of non-current tangible assets as objects of accounting. Conclusions. The research has investigated the classification of non-current tangible assets from the normative-legal and scientific points of view. It has summarized the criteria applied in accordance with domestic and foreign legislation for the classification of non-current tangible assets. The research has substantiated the importance of improving the existing classification of such assets for accounting purposes. The research has also improved classification of non-current tangible assets according to the following criteria: the ability to bring economic benefits (long-term, immature) and the method of use in the production process (consumed, fruitful), which will significantly improve the structuring of enterprise assets. Keywords: classification; resources; criteria; non-current tangible assets; fixed assets; long-term biological assets.

scholarly journals SUSTAINABLE INNOVATIVE DEVELOPMENT AND ITS INVESTMENT SUPPORT AS FACTORS OF RAISING THE AGROINDUSTRIAL COMPLEX EFFICIENCY

2018 ◽  
Vol 56 (3) ◽  
pp. 286-303 ◽  
Author(s):  
V. V. Chabatul ◽  
M. V. Papinova ◽  
A. Y. Bashko ◽  
I. A. Tretyakova ◽  
O. A. Azarenko
Keyword(s):  
Sustainable Development ◽  
Market Competition ◽  
Innovation Activity ◽  
Innovative Development ◽  
Investment Activity ◽  
The Sustainable Development ◽  
Complex Development ◽  
Fast Development ◽  
Business Entities ◽  
Agroindustrial Complex

Raising of economic efficiency and sustainability of the national agroindustrial production in conditions of fast development of science, machinery and technology, high market competition, and integration processes expansion is largely conditioned by development activation, implementation and investment support of innovations. Enough attention is paid to the issues of sustainability, innovative development and investment activity in modern economic literature. At the same time, the problem of investment support for sustainable innovative development of agroindustrial complex is still studied poorly, which makes scientific research in this field relevant. Based on brief retrospective analysis, an improved understanding of the sustainable development of the agroindustrial complex, as well as in the context of its components, is proposed in the paper. It is shown that the basis for sustainable agroindustrial complex development in modern conditions is the increase of innovative activity at all the management levels. As a result of the study, a list of the main regulatory and legal acts regulating the issues of innovation activity and the privileges and incentives established by them for business entities, including agrarian ones, were systematized. The main problems preventing activation of innovative development of agroindustrial production are listed. In order to solve these problems the authors within the research framework developed a concept of investment support for sustainable innovative development of the agrarian sector, which includes eight interrelated consecutive blocks. Implementation of the proposed concept will contribute to more complete involvement of potential financing sources and their effective use in the investment activities, thereby ensuring competitiveness of the national agroindustrial complex and its sustainable development, considering interests of the current and future generations. 

scholarly journals ECONOMIC ASSESSMENT OF THE CURRENT STATE OF AZERBAIJAN’S INDUSTRIAL ENTERPRISES

2021 ◽  
Vol 11 (07) ◽  
pp. 87-97
Author(s):  
Natavan Ibrahimova Natavan Ibrahimova
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
National Economy ◽  
Industrial Development ◽  
Evolutionary Development ◽  
Innovative Development ◽  
Investment Activity ◽  
Industrial Enterprises ◽  
Current State ◽  
The Republic

The article shows that Azerbaijan belongs to modern countries with a high rate of economic development, therefore, at the current stage of evolutionary development as a state, it has embarked on the path of a new level of improvement. This shows how in recent years the economic situation in the republic has contributed to significant economic growth, an increase in the level of both the social welfare of the state and the modernization of the socio-economic infrastructure of the republic as a whole, resulting in a diversified structure of the economy. The article reveals an assessment of the current state of industrial enterprises in Azerbaijan, as well as an analysis of the directions and trends of their development. The assessment of the current state was carried out by studying resolutions, orders, acts, strategies for long-term economic development and other documents with the help of which it is possible to assess the quantitative composition of industrial enterprises. The determination of trends in the development of industrial enterprises was carried out using the analysis of the "Main directions of the Strategic Roadmap for the National economy and the main sectors of the economy", approved by the decree of the President of the Republic of Azerbaijan Ilham Aliyev on December 6, 2016. The analysis carried out in the article made it possible to determine the priority directions of sustainable development of industrial enterprises, more precisely: improvement of production; scientific, technical and innovative development; implementation of programs specified in the concept of the "Strategic Roadmap for the development of the national economy", etc. The main priority of industrial enterprises is innovative development, which includes all of the above, and NTR is presented here as a certain "layer", a means of realizing prospects. Based on the above, a logical chain of the main directions of development of industrial enterprises is constructed and their justification is given. The article reveals the investment activity of the country's economy, as well as analyzes the level of foreign investment. At the end of the article, the key directions of the formation of the innovative economy of the country are indicated, the priorities of industrial development and conclusions regarding them are indicated. Keywords: industry, business, non-oil sector, machine-building complex, sustainable development, pandemic, investment, diversification, development strategy, innovation.

scholarly journals ANALYSIS OF CONTEMPORARY POLICY IN THE FIELD OF SUSTAINABLE DEVELOPMENT OF ECONOMIC ENTITIES

2019 ◽  
Vol 7 (2) ◽  
pp. 76-80
Author(s):  
Вера Сорокина ◽  
Vera Sorokina ◽  
Виктор Шнайдер ◽  
Viktor Shnayder ◽  
Александр Данилов ◽  
...  
Keyword(s):  
Sustainable Development ◽  
Business Processes ◽  
Business Community ◽  
The Sustainable Development ◽  
Economic Entity ◽  
Stage Of Development ◽  
Environmental Objectives ◽  
High Level ◽  
The Impact

The article analyzes the current sustainable development policies of economic entities. At the present stage of development of society, economic relations between the participants of business processes as a prerogative in relations highlight the long-term cooperation, which is aimed at sustainable development. To date, the sustainability of the development of economic entities of any field of activity is given great attention. This is due primarily to changes in legislation, resource-boundness, rising prices for natural resources, requirements for the implementation of social and environmental objectives, and competitive advantages. Therefore, the introduction of the principles of sustainable development into business processes determines the need for a comprehensive assessment of the formation of the sustainable development policy of any economic entity. The relevance of issues of sustainable development of economic entities is indisputable, since the sustainability of development affects the investment attractiveness of economic entities and their interaction with stakeholders whose demands are directed to the environmental, social, economic aspect of the economic entity. Accordingly, an economic entity with transparency in this regard will be of greater interest to potential stakeholders, which will significantly affect the financial component of any Russian business entity. A balanced and effective policy leads to the reduction of all possible risks, strengthening competitiveness, increasing the efficiency of employees and customer loyalty, improving the reputation of the business community as a whole and the long-term functioning of an economic entity. Achieving a high level of sustainability is possible when delivering sound goals through planning, productive work with stakeholders and the implementation of successive activities in key areas of activity, namely: interaction with staff, with the business community, with society and the state as a whole. In turn, the achievement and maintenance of long-term sustainable development of an economic entity is determined by three important directions: environmental, economic and social, provided they are combined, and not isolated. Therefore, today, the main purpose of the formation and analysis of indicators of sustainable development is the reflection of the impact of the organization on stakeholders, with whom it will be in direct or indirect economic cooperation.

scholarly journals Formation of economic information resources as a basis for raising the level of development of enterprises

2019 ◽  
Vol 67 ◽  
pp. 06010
Author(s):  
Viktoriia Chobitok ◽  
Tetiana Obydiennova ◽  
Alina Fandieieva ◽  
Anna Cherniaieva
Keyword(s):  
Sustainable Development ◽  
Life Cycle ◽  
Information Resources ◽  
Practical Approach ◽  
Information Support ◽  
Effective Management ◽  
Management Decisions ◽  
Economic Information

The paper discovers the issue of formation of economic information resources, which is a component of increasing the level of development of enterprises. The authors give a description of such concepts as “information”, “information resources”, “information support”, and “economic information resources”. The classification of the concepts of “information” and “information resources” is given separately. It is proved that the main goal of economic information resources is providing the information on ensuring the adoption of effective management decisions at any stage of the company’s life cycle to the company’s managers. The authors suggested the scientific and practical approach for the formation of economic information resources of the enterprise to increase the level of their development. In the work it is proved that availability of reliable and assured economic information resources is the basis of effective sustainable development of enterprises.

Sign in / Sign up

Export Citation Format

Share Document