Key Principles of Sustainable Development of a Company’s Business System

Abstract

Nowadays, the economic situation of a company is influenced by the dynamics of changes in external factors that directly affect the company development. This significantly complicates the decision-making system of the management aimed at improving the sustainability of implemented changes. At the same time, the problem is affected by the lack of understanding at what stage of sustainable development the enterprise itself is in order to choose a set of tools correctly (methods and practices) for a transformational project. The paper describes the progressive movement of the organization along the path of sustainable development, reveals the concept of sustainable development and examines existing approaches to its implementation. The problem of sustainable development is considered by domestic and foreign authors. The result of the work is an approach to assessing the level of sustainable development of a company, which uses a matrix for assessing the level of maturity in the context of the company’s development stages. There has been proposed the structure of the project office as a resource for the implementation of its development. The paper offers a set of sustainable development principles which allow to ensure for the promotion and support of transformation. To support the processes of regular analysis of the achievement of the sustainable development goals, it is proposed to apply methods of activity analysis within the management system. The author suggests to use a system of audits, defines a set of analysis indicators of audit quality and the list of evaluation questions. It is concluded that the system for assessing the level of sustainable development of the enterprise is adequate and effective in the long term. The application of the presented methodological approach based on the proposed eleven elements in the practical activities of enterprises will allow determining the points of application of efforts and correctly choosing the list of tools used. The proposed approaches contribute to ensuring the sustainability of the results obtained and the rational usage of resources in the course of the ongoing changes.