Ensuring sustainable development of enterprises in the conditions of digital transformations

Abstract

Modern enterprises are dynamically developing due to the fourth industrial revolution, contributing to the introduction of innovative infocommunication technologies in most business processes, thereby shaping and developing the digital economy. The aim of the article is to substantiate the concept of sustainable development of enterprises in the context of digital transformations. The theoretical and methodological foundations of sustainable development at different levels of the hierarchy have been determined. The concept of sustainable development of enterprises has been developed, the implementation of which is aimed at harmonizing the economic, environmental and social activities of the enterprise. The stages of the process of implementing the concept of sustainable development of enterprises are highlighted, providing for the justification of an inert, neutral, progressive or forced vector. Ensuring the implementation of the concept of sustainable development is expected through the use of applied models, in particular, the implementation of a parametric model of joint deployment of enterprise infrastructure with other infrastructure facilities in economic activity, taking into account technical, geographical, organizational and socio-economic factors to strengthen financial stability; building a model for ensuring a balanced balance between economic efficiency and environmental and social responsibility of an enterprise using a mechanism for managing transformation processes in the process of transition to sustainable development in the context of digitalization.

Innovation management in the hospitality industry

“…This group includes highly developed countries, making it difficult to draw conclusions about the characteristics of countries with a low level of hospitality industry development. In the context of rapid digital transformation [14,15], and access to information, when clients can compare service results within relatively short time intervals, hospitality industry professionals must be familiar with the latest trends in digital technologies [16].…”

Smart projects on the development of green intellectual capital in eco-industrial parks

“…It should be especially noticeable in the context of time constraints or another stress factor. In this case, behavioral and social influences will be more critical in decision-making than rational consumer choice [25]. When proving this hypothesis, information can increase the demand for goods, stimulate specific actions of buyers by creating an artificial attraction to the product, and introduce a stress factor simultaneously.…”

Environmental and social responsibility management in international entrepreneurship in EU countries

“…Businesses need to take into account the impact of their activities on society and the environment and take measures to ensure sustainable development [8]. Social responsibility of business, including participation in programs of social protection and preservation of natural resources, becomes a necessary element of a successful and efficient economic system [9].…”