Creating and Designing Sustainable Management on the Global Level

Ilic S. Biljana and Djukic P. Gordana
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Ilic S. Biljana: Megatrend University of Belgrade, Serbia
Djukic P. Gordana: Faculty of Economics, Belgrade, Serbia

Journal of Economic and Social Development, 2022, vol. 09, issue 01, 01-08

Abstract: In the domain of sustainable development, management has great importance because its creativity and knowledge undoubtedly contribute to the improvement of the economic environment. In overcoming the global economic crisis, a society based on the knowledge and concept of sustainable development plays the largest role in the economy of any country. The concept of sustainable development implies favoring learning and developing an organizational culture in business entities. It is necessary to establish new social values based on the knowledge, creativity, and ability of human resources. In other words, there is a need to educate and create quality management with a tendency to transform the current society into a learning society. Such a society, through proper and well-defined sustainable development strategies, would be a society that thinks of tomorrow, i.e. on the future. The paper aims to point out certain forms of management and to transform management as a science in terms of favoring sustainability in business as well as in all spheres of social life. Authors consider designing as a process of good development strategy, while creation is considered as a concrete implementation of that good strategy. Sustainable management at the global level implies the general approach of a new way of managing all activities of human society. The focus is on knowledge-based society, sustainable development principles, development strategies and environmental policies, cleaner production, biodiversity conservation, and socially responsible business. The authors will also present an example of good practice in Australia, as the country in which management at the national level applies social responsibility, especially in the social sphere of sustainable development. It will be considered the sustainability of the Australian pension system, i.e. the model applied in this country

Keywords: Development strategies; Environment; Social insurance; Social responsibility; Sustainable developmen (search for similar items in EconPapers)
JEL-codes: A11 (search for similar items in EconPapers)
Date: 2022
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