Strategic Decisions of Tourism Companies in the Context of Sustainable Development

2009 ◽  
Vol 1 (1) ◽  
pp. 54-62
Author(s):  
Virgilija Zinkevičiūtė
Keyword(s):  
Sustainable Development ◽  
Strategic Decisions

scholarly journals IMPLEMENTING “SUSTAINABILITY-BY-DESIGN” APPROACH IN ORGANIZATIONS BY USING AN EXTENDED RISK INDICATORS SYSTEM FOR MAKING STRATEGIC DECISIONS

2021 ◽  
Vol 11 (4) ◽  
pp. 402-411
Author(s):  
L. A. Sachenko
Keyword(s):  
Sustainable Development ◽  
Adaptive Capacity ◽  
Design Process ◽  
Stakeholder Participation ◽  
Sustainability Indicators ◽  
Design Approach ◽  
Risk Indicators ◽  
Risk And Resilience ◽  
Strategic Decisions ◽  
Rigid Structure

The purpose of this article is to identify possible approaches to the development of the “sustainability-by-design” process, which consists in synchronizing the organization's strategy with the trends of sustainable development. For this purpose, a process of “sustainability-by-design” is proposed on the basis of the “safety-by-design” process applied in practice. As a key link in the process, it is proposed to use a system of sustainability indicators, supplemented by indicators of risk and resilience. To strengthen the adaptive capacity of companies in the field of sustainable development, the process of building “sustainability-by-design” is complemented by the inclusion of democratic procedures through structured stakeholder participation. As a result, the proposed process combines a rigid structure of values and goals with a “soft setup” in the form of democratic procedures. This will allow companies not only to reduce the uncertainties inherent to the pacing problem, but also to create an environment for the promotion of the most effective alternatives to the development of companies in the field of sustainability.

scholarly journals Conceptual approaches to the formation of regional food security strategy in the context of sustainable development

2018 ◽  
Vol 16 (4) ◽  
pp. 42-50
Author(s):  
Marianna Stehnei ◽  
Inna Irtyshcheva ◽  
Yevheniia Boiko ◽  
Lida Rogatina ◽  
Ksenya Khaustova
Keyword(s):  
Sustainable Development ◽  
Food Security ◽  
Food Safety ◽  
Economic Security ◽  
Human Potential ◽  
Strategic Decisions ◽  
Security Strategy ◽  
Black Sea Region ◽  
Regional Food ◽  
The Impact

The food safety of the region is a fundamental foundation of the country’s economic security and one of the most important prerequisites for sustainable development. Unfortunately, the problems of ensuring food security of the regions of Ukraine are not only resolved, but also ultimately aggravated, which negatively affects the quality of life of the population and the development of human potential. An important step in solving the problem of physical and economic food availability to all population is developing a regional food safety strategy. In this regard, the purpose of the article is to develop methodological tools for modeling the region’s food security strategy taking into account the peculiarities of its development and existing production and resource potential. The authors explained the concept of “food security strategy”, “food safety potential of the region” and methods for assessing its main components. The author’s model of the food security strategy creation was developed and implemented on the example of the Ukrainian Black Sea region. This model can be used to monitor the situation with food provision, to model the impact on the state of the food supply of individual strategic decisions and to determine the causes of deviations and growth reserves in any region irrespective of its size or administrative status.

Integrated reporting as a determinant of changing the targets of economic analysis of sustainable development in the face of challenges

2021 ◽  
Vol 20 (12) ◽  
pp. 2210-2232
Author(s):  
Nadezhda E. BABICHEVA ◽  
Sergei A. SEMKIN
Keyword(s):  
Sustainable Development ◽  
Economic Analysis ◽  
Effective Interaction ◽  
Strategic Decisions ◽  
Integrated Reporting ◽  
Corporate Reporting ◽  
Estimated Parameters ◽  
The Face ◽  
Is Integration ◽  
Information Requests

Subject. The article deals with the revision of targets in the economic analysis, enabling timely identification of factors of value creation, and considering the influence of the interests of stakeholders. Objectives. The purpose is to identify targets of economic analysis in connection with changes in information requests of stakeholders and requirements for corporate reporting, concerning the disclosure of opportunities for sustainable development in the context of challenges. Methods. We performed a content analysis of changes in information requests of stakeholders and requirements for the composition and content of types of corporate reporting. The study employs methods of systems, comparative, structural, and logical analysis. Results. The demonstration of excellence by management and investors in understanding the values and the best ways to achieve goals creates threats, and, by definition, is a challenge that should be reflected in integrated reporting. The system of indicators and methods of analysis should be aimed at identifying conflicts and take into account the interests of stakeholders, which will ensure the balance of resources used in creating value. Conclusions. The determinant of the development of corporate reporting is integration, in which a significant amount of information should contain estimated parameters of economic, social and environmental problems and threats specific to major challenges. It will ensure the most effective interaction of stakeholders in managing corporate risks associated with all types of capital. Such disclosure will lead to a synergistic effect in making strategic decisions on sustainable development.

The Interdependence of CEO Personal Characteristics and Amount of Investment in Environmental CSR Projects

2017 ◽  
Vol 6 (4) ◽  
pp. 10-26
Author(s):  
Татьяна Пономарева ◽  
Tatyana Ponomareva ◽  
Александра Куимова ◽  
Aleksandra Kuimova
Keyword(s):  
Sustainable Development ◽  
Personal Characteristics ◽  
Professional Activity ◽  
Company Size ◽  
Strategic Decisions ◽  
Financial Reports ◽  
Level Of Involvement ◽  
Ecological Responsibility ◽  
Ceo Tenure ◽  
A Company

Nowadays, humanity faces a serious issue of creating conditions for sustainable development. Businesses as a integral part of society in which they exist and operate, may potentially play a crucial role in achieving this goal. Their contribution to sustainable development can be made through support and empowerment of ecosystems. As CEO is an intermedium between a company and the society, his characteristics may significantly influence company’s strategic decisions and therefore, its level of involvement in ensuring sustainability. In this paper, we analyze the presence of interdependence between CEO personal characteristics and amounts of investments in ecological CSR projects. We consider the level of company’s ecological investments as a measure for the level of its ecological responsibility. We run a multiple regression on a sample of 44 Russian companies, who publish information on ecological projects implementation in non-financial reports. Despite a number of substantial limitations, we managed to reveal the connection with some of professional activity and education characteristics of CEOs. We also controlled for company size and industry parameters. The most notable result is a reverse interrelation between CEO tenure (in years) and the level of investments in ecological CSR projects. This may be due to the fact that less experienced directors seek to reinforce their business reputation and accumulate social capital.

scholarly journals Sustainable Development Model of EU Cities Compliant with UN Settings

Mathematics ◽  
2021 ◽  
Vol 9 (22) ◽  
pp. 2888
Author(s):  
Edvins Karnitis ◽  
Janis Bicevskis ◽  
Girts Karnitis ◽  
Maris Pukis
Keyword(s):  
Sustainable Development ◽  
Pilot Project ◽  
General Level ◽  
Strategic Decisions ◽  
Developmental Progress ◽  
Mathematical Expressions ◽  
Statics And Dynamics ◽  
Regular Measurement ◽  
Mathematical Computation ◽  
Indicator Systems

Nowadays, the globally accepted UN concept of sustainable development (SD) is gradu®ally transferred to the city level, including small and medium-sized cities. The implementation of SD settings requires regular measurement of developmental progress to monitor the level achieved in statics and dynamics, and to make strategic decisions for the next period. The existing urban SD indicator systems and indices are not well-suited for the monitoring of specific cities. Benchmarking algorithms and mathematical modelling procedures were applied to create a methodology and mathematical model for measuring the achieved urban SD level and to ensure the most objective selection and proportions of key performance indicators (KPIs) to be included in the model. The model (1) complies with the UN concept, (2) is usable for any EU city, (3) reflects the level of quality of life achieved, and (4) includes a limited number of KPIs related to municipal functionality. Mathematical computation of the (1) causality between the KPIs, (2) selection and proportions of KPIs, and (3) the general level of urban SD, as well as the reasonable combination of universality, accuracy, stability, and simplicity are strong advantages of the model. Using the published mathematical expressions of the model, calculation of the SD level does not require specific skills; the performed stability test also confirms that annual calibration of the model is not necessary. The index will help municipalities in planning and managing SD, and in the rational use of their usually limited resources. As a pilot project, SD level values are calculated for several cities.

scholarly journals Concept of corporate digital responsibility in mesologistic systems management

2021 ◽  
Vol 2021 (3) ◽  
pp. 88-101
Author(s):  
Natalya Alekseevna Gviliya
Keyword(s):  
Sustainable Development ◽  
Technology Implementation ◽  
Ethical Issues ◽  
Systems Management ◽  
Strategic Decisions ◽  
Modeling Tools ◽  
Logistics Systems ◽  
Analysis And Synthesis ◽  
Corporate Social ◽  
The Impact

The article is devoted to studying the impact of digitalization of logistics processes in corporate structures within the framework of the concept of sustainable development, which allows to highlight the need to develop corporate responsibility for the result of technology implementation and to form the concept of corporate digital responsibility. The methodological basis of the research includes the theoretical provisions of strategic management, corporate logistics, corporate social responsibility, concept of sustainable development and Industry 4.0, functional and strategic convergence of scientific theories of logistics, supply chain management, management and information technology. The instrumental and methodological apparatus is based on the application of a systematic method of research of logistics systems and the specifics of their transformation in the process of transition to the digital economy, including the analysis and synthesis of the empirical base of the study. General scientific methods were used: generalization of theoretical material and factual data of corporate logistics systems and ecosystems; the method of functional analysis; modeling; tools for graphical interpretation of fixed dependencies. There has been introduced a new concept of corporate digital responsibility, its specific nature and conceptualization have been examined. In defining corporate digital responsibility, there has been suggested focusing on ethical issues that are unique to the digital context. The key related stakeholders and key milestones to be addressed are identified, the creation, operation, impact assessment, and refinement of technology and data within the mesologistic systems management framework. Taken together, the results of the study can be useful for organizations as practical recommendations for specific departments in the corporation for translating strategic decisions on digital responsibility.

scholarly journals Challenges for sustainable development strategies in oil and gas industries

2018 ◽  
Vol 12 (1) ◽  
pp. 626-638 ◽  
Author(s):  
Ali Asghar Sadeghi Mojarad ◽  
Vahid Atashbari ◽  
Adrian Tantau
Keyword(s):  
Climate Change ◽  
Sustainable Development ◽  
Financial Stability ◽  
Fossil Fuels ◽  
Oil And Gas ◽  
Working Environment ◽  
Operational Environment ◽  
Strategic Decisions ◽  
Exploration And Production ◽  
Oil And Gas Companies

Abstract The oil and gas industries remain an important drive for the world economy. On one hand, global demand for fossil fuels is still rising, and on the other hand, companies face complex investment challenges due to the harsh operational environment of exploration and production activities. Workforce regulations aim to provide a safe and secured working environment. However, exploration and production activities still cause local and global environmental risks such as groundwater contamination, or climate change in broader scale. Analyzing and reporting mechanisms are key performance indicators of sustainable development at the level of oil and gas companies. Obtaining and analyzing required data, nevertheless, seem to be a persistent challenge as to what degree these findings can affect the routine and strategic decisions of the oil and gas companies. In order to enable oil and gas companies to measure and control risks and manage incidents, artificial intelligent technologies in extended monitoring and supervising E&P operations is known to be an efficient prevention strategy. Such tools not only aid in profitability of the oil and gas companies, but also increase awareness of environment and climate change to act more responsibly. In this study, the significances of environmental policies were investigated through interviews with executives and stakeholders, revealing that the implementation of environmental protection policies is affected by the financial stability of the companies, and under severe economic situations, companies seem less enthusiastic in strictly implementing those policies. This paper provides a comprehensive review of emerging technologies in addressing existing and foreseen challenges in sustainable development in oil and gas industries, with the aim of suggesting prime solutions for strategic planning attempts.

scholarly journals Sustainability Is All about Values: The Challenges of Considering Moral and Benefit Values in Business Model Decisions

2021 ◽  
Vol 13 (2) ◽  
pp. 664
Author(s):  
Ivan Bolis ◽  
Sandra Naomi Morioka ◽  
Wilza Karla dos Santos Leite ◽  
Paulo César Zambroni-de-Souza
Keyword(s):  
Sustainable Development ◽  
Business Models ◽  
Research Question ◽  
Moral Values ◽  
Strategic Decisions ◽  
Financial Benefit ◽  
Moral Value ◽  
Business Decisions ◽  
Business Context ◽  
Substantive Rationality

Despite indications in the literature about the existence of win-win business opportunities regarding sustainability, most companies are still producing limited social and environmental results that are disconnected from their value propositions. Studies on the rationales underlying decisions regarding sustainability can offer a better understanding of this challenge. In particular, substantive rationality suggests that the decision-making process consider collective values for sustainability. This study investigates the following research question: What are the main challenges of making business decisions based on moral values of sustainable development? Using strategic decisions as a unit of analysis, action research in a start-up environment identified the following business challenges: (1) recognizing the limits of applying the moral values of sustainable development to the current business context dominated by maximization of economic and financial benefit values; (2) recognizing the normative nature of sustainability goals, which implies that moral values related to sustainable development are still external and not naturally occurring in people’s personal moral values; (3) addressing conflicts between moral and benefit values and between collective and individual goals when including substantive rationality in business decisions; (4) engaging business stakeholders according to their personal moral values, as people are value driven; and (5) engaging workers in sustainable development values, as they play a central role in enabling benefit value creation for sustainable development. The paper offers interesting insights into moral value and benefit value. The former is the basis for individual decisions, while the latter represents benefits created by business models. Both concepts have been separately investigated, but this research delimits and differentiates them. Future studies can further investigate decision rationalities to enable sustainability in practice, as this is usually a theoretical discussion. Research on other start-ups and more mature organizations can also provide interesting insights.

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