Sustainable Development of Corporations: Theory Evolution and Practical Implementation

Shulhina Liudmyla () and Dong Qiao ()
Additional contact information
Shulhina Liudmyla: Warsaw School of Economics, College of Management and Finance, Institute of Management, al. Niepodległości 162, 02-554 Warsaw, Poland
Dong Qiao: National Technical University of Ukraine, “Igor Sikorsky Kyiv Polytechnic Institute”, prosp. Beresteiskyi, 37, Kyiv, 03056, Ukraine

Marketing of Scientific and Research Organizations, 2024, vol. 53, issue 3, 62-79

Abstract: This article examines the practical significance and growing relevance of the sustainable development concept (SDC). To support the hypothesis that SDC principles need to transition from being largely declarative to more practical applications, various desk-based research methods are employed. The historical method is used to trace out the emergence and evolution of the SDC, highlighting a shift from single to diversified development, short-term to long-term sustainability, and domestic to global cooperation. Logical and analytical methods further clarify the increasing global focus on economic, environmental, and social issues. The article also explores approaches to classifying the key aspects of modern sustainable development and identifies the latest trends in the field. It emphasizes the importance of integrating the SDC's economic, environmental, and social dimensions into corporate activities. Examples of successful corporate implementation are provided. However, the findings indicate that broader and more effective frameworks are necessary to move the SDC from theory to practice, enabling corporations to address global challenges more effectively.

Keywords: sustainable development concept; sustainable development of corporation; aspects of sustainable development; modern corporations’ development; practice of corporations’ sustainable development; koncepcja zrównoważonego rozwoju; zrównoważony rozwój korporacji; aspekty zrównoważonego rozwoju; współczesny rozwój korporacji; praktyka zrównoważonego rozwoju korporacji (search for similar items in EconPapers)
JEL-codes: D04 D20 Q50 (search for similar items in EconPapers)
Date: 2024
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.2478/minib-2024-0016 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vrs:mosaro:v:53:y:2024:i:3:p:62-79:n:1004

DOI: 10.2478/minib-2024-0016

Access Statistics for this article

Marketing of Scientific and Research Organizations is currently edited by Witold Wiśniowski

More articles in Marketing of Scientific and Research Organizations from Sciendo
Bibliographic data for series maintained by Peter Golla ().