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METHODOLOGICAL BASIS FOR MANAGAMENT THE SUSTAINABLE DEVELOPMENT OF THE SOCIO-ECONOMIC SYSTEM

T. Khudyakova, A. Shmidt

First published: 2017https://doi.org/10.5593/sgemsocial2017/15/S05.082View metrics

Abstract

In the period of variable economy the stability of mini-economic systems is becoming one of the main categories that should be subjected to research and management. However, to date, there is no single approach to the definition of this conceptual category. The concepts of financial stability and economic sustainability are often mixed up. In addition, the existing approaches to the definition do not take into account the dynamism of the enterprise environment. The article examines the conceptual differences between financial and economic stability, which are the basis of the authors' definition of the conceptual categories of "economic sustainability" and "sustainable economic development". The analysis of the enterprise behavior within variable economy, its reaction on the disturbing influence coming from the environment and transmitting the economyВ’s variability to the enterprise financial and industrial processes dictates the urgency of the research. The authors of article think that to analyze the enterprise sustainability the economic entity should be presented as an open, complex and dynamic socio-economic system.

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Publication details

Title
METHODOLOGICAL BASIS FOR MANAGAMENT THE SUSTAINABLE DEVELOPMENT OF THE SOCIO-ECONOMIC SYSTEM
Authors
T. Khudyakova, A. Shmidt
Proceedings
4th International Multidisciplinary Scientific Conference on Social Sciences and Arts SGEM 2017
Publisher
STEF92 Technology
Year
2017
Pages
651-658
SWS Citekey
Khudyakova20175651658
ISSN
2367-5659
ISBN
978-619-7408-17-1
Language
en
Publication type
Proceedings Paper
Keywords
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