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10.5593/sgemsocial2017/15/S05.082

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

T. Khudyakova, A. Shmidt
Thursday 28 September 2017 by Libadmin2017

References: 4th International Multidisciplinary Scientific Conference on Social Sciences and Arts SGEM 2017, www.sgemsocial.org, SGEM2017 Conference Proceedings, ISBN 978-619-7408-17-1 / ISSN 2367-5659, 24 - 30 August, 2017, Book 1, Vol 5, 651-658 pp, DOI: 10.5593/sgemsocial2017/15/S05.082

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 economy’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.

Keywords: stability of the enterprise, economic sustainability, financial sustainability, mini-economic system sustainability.