Abstract

Recently, the thesis that the use of methods and models of a linear economy can lead to negative social and environmental consequences of turbulent economic development, which will be difficult to correct, has become relevant. The thesis on the need for development without violating the ability to meet the needs of future generations is becoming more and more insistent. The object of the research is the process of ensuring the sustainable development of the country’s economy by adjusting linear models of economic processes. The most problematic is the transition from linear programming of economic processes to development without violating the ability to meet the needs of future generations. The proposed methods include the positive influence of more developed countries on the economy, efficiency, ecology and social problems in less developed countries. This approach allows to form proposals for the future prospects of business functioning. It is advisable to name the management of economic entities in the direction of sustainable development, in the model approach it should be a model of sustainable entrepreneurship. Its main goal should be to improve the quality of life. The model is a reflection of the continuous process of balancing the economic, social and environmental goals of economic entities, which provides for a flexible change in the distribution of resources as the environment changes. In addition, there is a stimulating impact on the environment and an increase in the chances in the market. The model of sustainable development at both micro and macro levels is the use of a circular economy built upon the causal aspect of innovation in the process of forming a model for its development. The proposal as to the model approach of sustainable entrepreneurship regarding the management of entrepreneurial activity in general and any enterprise in particular in the direction of sustainable development belongs to the future perspective of business functioning. Its main goal is to improve the quality of life. The model approach consists in the continuous process of balancing economic, social and environmental goals at enterprises, which involves a flexible change in the allocation of resources as the environment changes. In addition, there is a stimulating impact on the environment of entrepreneurial activity (of a company) in order to increase the chances in the market.

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call