Management model of sustainable development of petrochemical industry enterprises

Abstract

The article discusses the issues of sustainable development management in the context of innovation implementation. Formation of a new management model serves, according to the authors, to improve efficiency of innovation processes in organizations. In this regard, the article examines the complex of management measures in the general management system in the process of introducing innovations in conditions of uncertainty and risks. At the same time, the state of the level of sustainable innovative development of the petrochemical complex is studied. To achieve these goals, the study of the relationship between components of the company’s sustainable development is carried out; the role of the internal state of the economic system in this process is determined and the constraints that restrain transition to a new innovative quality are estimated. Based on the results of the study, a model for assessing the management of sustainable development of a company is proposed, taking into account innovative nature of the development. Thanks to this technique, it is possible not only to determine the quality of the management system for sustainable innovative development of the economic system, but also to identify directions for its improvement and development.