Main Approaches to Assessment of Sustainability of Economic Development of Enterprises

The article discusses the issues of assessing sustainability of economic development of enterprises in the context of increasingly competitive environment and a variety of external factors of influence. The aim of the study is to develop a comprehensive approach to assessing long-term sustainability...

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Bibliographic Details
Published in:Russian engineering research 2024-03, Vol.44 (3), p.449-452
Main Authors: Arsen’eva, N. V., Putyatina, L. M., Tarasova, N. V., Tikhonov, G. V.
Format: Article
Language:English
Subjects:
Assessments
Economic development
Engineering
Engineering Design
Sustainability
Sustainable development
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Summary:The article discusses the issues of assessing sustainability of economic development of enterprises in the context of increasingly competitive environment and a variety of external factors of influence. The aim of the study is to develop a comprehensive approach to assessing long-term sustainability of economic development of enterprises in conditions of uncertainty of the external environment. It is emphasized that it is crucial to develop an integrated approach to the problem of sustainability that combines assessments of the following: the resource base of production; performance indicators; and efficiency of realization of economic potential, as well as the overall balance of economic growth. An enterprise’s adaptability to its external environment, its ability to quickly and adequately respond to changes in that environment and counteract any negative effects – all of that is encompassed by the concept of economic sustainability. The results of the study are proposed for use in further assessments of sustainability of economic development of enterprises in various industries.
ISSN:1068-798X
1934-8088
DOI:10.3103/S1068798X24700151