Sustainable Business Model of Modern Enterprises in Conditions of Uncertainty and Turbulence

Author:

Pimenowa Olena1ORCID,Pimenov Serhii2ORCID,Fyliuk Halyna2ORCID,Sitnicki Maksym W.3ORCID,Kolosha Vasylyna4ORCID,Kurinskyi Dmytro3

Affiliation:

1. Department of Agronomy, Faculty of Agriculture and Biotechnology, Bydgoszcz University of Science and Technology, Al. prof. S. Kaliskiego 7, 85-796 Bydgoszcz, Poland

2. Department of Business Economics, Faculty of Economics, Taras Shevchenko National University of Kyiv, 03022 Kyiv, Ukraine

3. Management of Innovation and Investment Activities Department, Faculty of Economics, Taras Shevchenko National University of Kyiv, 03022 Kyiv, Ukraine

4. Department of Economic Theory, Macro- and Microeconomics, Faculty of Economics, Taras Shevchenko National University of Kyiv, 03022 Kyiv, Ukraine

Abstract

The purpose of the article is to analyze the impact of the openness of a company to stakeholders on the effectiveness of the business model of the enterprise. The hypothesis. We believe that conducting a socially responsible business, i.e., disclosing non-financial information about the activities of enterprises, leads to the improvement of their financial indicators and is therefore evidence of a more effective implementation of their business models. Methods of the study. The following methods were used in the study: analysis and synthesis, comparative, induction and deduction, scientific abstraction, decomposition and logical generalizations in the analysis of scientific literature; computational–analytical, diagnostic, tabular and economic–statistical methods to assess the effectiveness of the implementation of business models of enterprises; diagnostic, statistical, index, method of expert assessments and rating to assess the corporate sustainability and transparency of enterprises; the use of the method of integrated indicators allowed the grouping of enterprises by classes of efficiency of business models, corporate sustainability and transparency. According to results of the study, it was determined that an effective business model is formed on the basis of maximum transparency and corporate sustainability in conditions of unpredictability and instability of the external environment.

Publisher

MDPI AG

Subject

Management, Monitoring, Policy and Law,Renewable Energy, Sustainability and the Environment,Geography, Planning and Development,Building and Construction

Reference49 articles.

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2. Afuah, A. (2003). Business Models: A Strategic Management Approach, McGraw-Hill Companies.

3. Osterwalder, A., Pigneur, I., Bernarda, G., and Smith, A. (2014). Value Proposition Design, Wiley.

4. Business-Model Innovation: General Purpose Technologies and their Implications for Industry Structure;Gambardella;Long Range Plan.,2010

5. Debelak, D. (2006). Business Model Made Easy, McGraw-Hill Companies, Inc.

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