Corporate Management and Sustainable Development: Case of the Fashion Industry

Sergey Yu. Solodovnikov, Tatsiana V. Serhiyevich, Vitaly A. Mordovets and Tatiana N. Kosheleva
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Sergey Yu. Solodovnikov: Belarusian National Technical University
Tatsiana V. Serhiyevich: Belarusian National Technical University
Vitaly A. Mordovets: Saint-Petersburg University of Management Technologies and Economics
Tatiana N. Kosheleva: Saint-Petersburg University of Management Technologies and Economics

A chapter in Finance, Economics, and Industry for Sustainable Development, 2023, pp 17-24 from Springer

Abstract: Abstract The development of a consumer society and the intensification of consumption of goods due to sign consumption makes it difficult to move towards sustainable development. The fashion industry is a major environmental polluter. However, corporate interests in the fashion industry hinder the transformation of the industry towards sustainable development. This paper continues our exploration of the fashion industry in the context of sustainable development. The object of our study is harmonization of interests of corporate management in the fashion industry and the society of sustainable development. The objective of this study is to show the conflicting interests of corporate management in the fashion industry and society of sustainable development and find solutions to overcome it. The methodology of the authors is based on a political and economic approach, according to which socio-economic phenomena and processes are viewed through the prism of the economic interests of the actors involved. Research works of international scientists-economists, data of the research reports carried out by the authors were used to prepare this paper. We showed the sign essence of current exchange, the relationship of the social mobility and level on the goods consumption. We researched the impact of the fashion industry on the environmental and showed the place of the state in the reducing of the conflict of interest between corporate management and society of sustainable development. We also showed the significance and limitations of the conclusions as well as the prospects for further research.

Keywords: Sustainable development; Corporate interests; Consumer society; Fashion industry; Fast fashion; Modernization of the economy; Environment; Sign consumption (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-031-30498-9_3

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DOI: 10.1007/978-3-031-30498-9_3

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