IMPORTANCE OF SUSTAINABILITY IN BUSINESS

Authors

  • Jonė Vartavičiūtė Kaunas University of Applied Sciences, Kaunas (LT)
  • Jotvydas Milčiūnas Kaunas University of Applied Sciences, Kaunas (LT)
  • Vadym Titov V. N. Karazin Kharkiv National University, Kharkiv (UA)
  • Alina Honcharenko V. N. Karazin Kharkiv National University, Kharkiv (UA)
  • Simona Jankauskaite Kaunas University of Applied Sciences, Kaunas (LT)

DOI:

https://doi.org/10.17770/iss2023.7398

Keywords:

business, sustainability

Abstract

In the modern day, businesses face many challenges: from economic recessions to political and social trends, no wonder, that the modern enterprise should not just be aiming at earning profits but also at complying with the social norms and trends of the modern world. Sustainability is a vast term that describes many different things, therefore it is important for businesses to clearly define it, know what the examples of it are and which practices to use to stay sustainable. This article aims to provide theoretical basis for sustainability in businesses and evaluate the level of sustainability of some enterprises in Europe and to provide the theoretical basis for sustainability in business and conduct the analysis of levels of sustainability of four enterprises based in Lithuania and Ukraine.

Downloads

Download data is not yet available.

References

Bansal, P., & DesJardine, M.R. (2014). Business Sustainability: It Is about Time. Strategic Organization, 12(1), 70-78. https://doi.org/10.1177/1476127013520265

Chladek, N. (2019). Why You Need Sustainability in Your Business Strategy. https://online.hbs.edu/blog/post/business-sustainability-strategies

Eweje, G., & Perry, M. (Eds.). (2011). Business and Sustainability: Concepts, Strategies and Changes. Emerald Group Publishing Limited.

Hart, S., & Milstein, M.B. (2003). Creating Sustainable Value. Academy of Management Perspectives, 17(2), 56-67. https://doi.org/10.5465/ame.2003.10025194

Krosofsky, A. (2021). The importance of transparency in sustainable businesses. Forbes. https://www.forbes.com/sites/forbesbusinesscouncil/2021/02/11/green-business-is-good-business-why-transparency-is-key-for-corporate-sustainability/?sh=2839afb84bb9

Lutkevich, B. (2023). Business sustainability. https://www.techtarget.com/whatis/definition/business-sustainability

Priya, S. (06.12.2022). Why is Sustainability in Business Important and How to Achieve it. https://emeritus.org/blog/sustainability-why-is-sustainability-important/

Sigma Software Group. (2023). Linkedin Page - About. https://www.linkedin.com/company/sigma-software-group/about/

Sigma Software. (2023). Sigma Software Development Company. https://sigma.software/

Sigma Technology Group. (2023). A Global Company with Family Spirit. https://sigmatechnology.com/

United Nations. (2012). Report of the World Commission on Environment and Development: Our Common Future. https://sustainabledevelopment.un.org/content/documents/5987our-common-future.pdf

Тупкало, В.М. (2019). Бізнес-стійкість виробничого підприємства: концепція та механізм забезпечення. Економічний вісник НТУУ «КПІ» : збірник наукових праць, 16, 251–259. https://doi.org/10.20535/2307-5651.16.2019.182608

Downloads

Published

2023-12-18

Issue

2023: INDIVIDUAL. SOCIETY. STATE. Proceedings of the International Student and Teacher Scientific Practical Conference 19 May, 2023

Section

Economics and Management

License

Copyright (c) 2023 Jonė Vartavičiūtė, Jotvydas Milčiūnas , Vadym Titov, Alina Honcharenko, Simona Jankauskaite

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.