The sustainable enterprise development tetrad and assessment of its balance
Economic Annals-ХХI: Volume 192, Issue 7-8(2), Pages: 125-136
Citation information:
Aroshidze, A. (2021). The sustainable enterprise development tetrad and assessment of its balance. Economic Annals-XXI, 192(7-8(2)), 125-136. doi: https://doi.org/10.21003/ea.V192-10
Alyona Aroshidze
PhD (Economics),
Assistant Professor of the
World Economy and Tourism Department,
Siberian Transport University
191 Dusi Kovalchuk Str., Novosibirsk, 630049, Russian Federation
aroshidzealyona@gmail.com
ORCID ID: https://orcid.org/0000-0002-5330-2294
The sustainable enterprise development tetrad and assessment of its balance
Abstract. The concept of sustainable development is traditionally associated with the economy, society, ecology, and building relationships between them. At the enterprise level, this means that economic, social and environmental goals are at least consistent with each other. The validity of this understanding is beyond doubt. However, in modern conditions it is practically impossible to ensure the long-term and competitive functioning of enterprises without the use of information technologies in their activities. This article provides arguments regarding the need to transform information stability from factors into a determinant of sustainable development, thereby turning the traditional triad into a tetrad. On the other hand, due to this expansion, it becomes more relevant to assess the balance of the sustainable development components. In this regard, the purpose of the study is to develop and apply a methodology for assessing the balance of the economic, social, environmental, and information components of sustainable development according to the criteria of reliability, dynamism, and acceptability. Research results of small and medium-sized enterprises in Russia indicate that only two out of fifteen enterprises achieved a high level of balanced sustainable development. In most cases, regardless the sustainable development level, the balance of determinants is at a lower level. Moreover, cases with a high but not balanced sustainable development confirmed the assumption that a high sustainability level for some determinants can compensate for a low sustainability level for others. The results obtained prove that the real vector of sustainable development can be determined only in accordance with the balance degree.
Keywords: Sustainable Development; Components; Tetrad; Balance; Assessment
JEL Classification: Q01; М21; L26
Acknowledgements and Funding: The author received no direct funding for this research.
Contribution: The author contributed personally to this work.
Data Availability Statement: Data is available on request from the author.
DOI: https://doi.org/10.21003/ea.V192-10
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Received 22.07.2021
Received in revised form 19.08.2021
Accepted 29.08.2021
Available online 21.09.2021