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Title Sustainability And Innovation To Increase Corporate Competitiveness: Optimisation Model
ID_Doc 66171
Authors Krivorotov, V; Kalina, A; Belyaeva, Z; Erypalov, S
Title Sustainability And Innovation To Increase Corporate Competitiveness: Optimisation Model
Year 2014
Published
Abstract Modern organisations of all forms and origin face the necessity to force innovations and be sustainable in order to promote its business excellence. The level of a firm competitiveness is measured by a number of methods, which are covered in full in the academic literature. Sustainability is a key issue for organizations in the twenty-first century as they increasingly acknowledge that their policies and practices have social and/or environmental consequences. Accordingly, many companies are implementing elements of sustainability into their business practices. The set of those new managerial technologies comprise innovative approach to the optimization of the numerous competitive sources. In light of this, it is imperative that new methodologies and frameworks to facilitate the understanding of sustainability concepts in the business environment are to be developed. The framework suggested in the paper helps to outline a set of propositions regarding the nature and process of innovative and sustainable development considering many factors influencing a firm.
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