A model for selection of a management team to ensure the sustainability and development of the business organizations

Inna Gryshova (), Mariana Petrova (), Milena Tepavicharova (), Aleksey Petrovich Diachenko and Tatiana Gutsul
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Inna Gryshova: Jiangsu Normal University, China
Mariana Petrova: St. Cyril and St. Methodius University of Veliko Turnovo, Bulgaria
Milena Tepavicharova: Higher School of Security and Economics, Bulgaria
Aleksey Petrovich Diachenko: Jiangsu Normal University, China
Tatiana Gutsul: National University of Life and Environmental Sciences of Ukraine, Ukraine

Entrepreneurship and Sustainability Issues, 2019, vol. 7, issue 1, 690-703

Abstract: The managers, through their professional qualifications, personal qualities, norms of behavior and acquired experience, ensure the achievement of the targets and strategies set in the economic organizations. In this respect, the guarantee of their sustainability and development is only possible through building an effective system of selection of the management staff. In the context of the systematic approach, it is of paramount importance to develop a model for selecting a management team to ensure the sustainability and development of the businesses. The justification of the factors, as well as their action and interaction to achieve the sustainability and development of the economic organizations, is of high value for the implementation of a system for selection, training and professional development of the management team. In this regard, the research on organizations which have achieved positive financial and economic results can help to clarify the strength of the interrelation between the varying factors in the selection of a management team. The purpose of the actual article is to explore and model the main factors for selecting a management team, which have a direct or indirect impact on the sustainability and development of the business organizations in Bulgaria.

Keywords: management team; sustainability; development; economic organization; Bulgaria (search for similar items in EconPapers)
JEL-codes: D23 E24 J21 J24 (search for similar items in EconPapers)
Date: 2019
References: View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:7:y:2019:i:1:p:690-703

DOI: 10.9770/jesi.2019.7.1(49)

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