Skip to main content
SpringerLink
Log in

Principles of Business Activity in the Context of Sustainable Development

  • Conference paper
  • First Online:
The Importance of New Technologies and Entrepreneurship in Business Development: In The Context of Economic Diversity in Developing Countries (ICBT 2020)

Part of the book series: Lecture Notes in Networks and Systems ((LNNS,volume 194))

Included in the following conference series:

  • 2115 Accesses

Abstract

Scientific research is based on the fact that the business activity of subjects is one of the key elements in achieving sustainable development goals. Considering that business activity is carried out on the basis of certain principles, the authors believe that the goals of sustainable development have an impact on the modernisation and the formation of new principles of business activity. Compliance with these principles contributes to the actualisation of the business (economic) turnover in modern reality.

The aim of the article is to substantiate the formation of new principles of business activity of subjects as the main guiding principles of its implementation and appropriate regulation in the context of sustainable development.

This study aims to prove that the following elements can be considered the new principles of management: a) ensuring the vital interests of entrepreneurs, consumers and society in information environment; b) corporate social responsibility; c) fair competition in entrepreneurship; d) corporate greening.

To achieve this goal, the authors provided the characteristics of these principles and analysed the current state of their application. To solve the problem, first, the relationship between the listed principles and the goals of sustainable development is analysed. And secondly, the analysis of the influence of each of the principles on business activity is carried out.

While conducting the scientific research, methods such as dialectical, system-structural analysis, formal-legal, comparative, as well as other methods and scientific approaches were used to achieve the goal of the study.

In the course of the study, it was substantiated that the listed principles fully fit into the concept of sustainable development, which includes economic, social and environmental components. The conclusions summarise the characteristics of each of the new principles of business activity. Also, recommendations were formulated regarding the optimisation of the regulatory consolidation and the practical implementation of these economic principles, taking into account the European and Ukrainian experience. The results of the study are important for theory and practice, since they regard the presented principles as those that can be used to assess the activities of specific business entities, as well as the state of legislation and government policy. The obtained results of the assessment can be used to develop proposals for improving the legal regulation and state policy of the economic sphere (including business and entrepreneurial activity).

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 169.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 219.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  1. On internal and foreign policy framework: Law of Ukraine as of July 1, 2010. https://zakon.rada.Nov.ua/laws/show/2411-17. Accessed 11 June 2020

  2. Ukraine’s Sustainable Development Goals 2030: Decree of the President of Ukraine as of September 30, 2019. https://zakon.rada.Nov.ua/laws/show/722/2019. Accessed 11 June 2020

  3. The Global Competitiveness Report. 2019/Klaus Schwab, World Economic Forum. https://www3.weforum.org/docs/WEFTheGlobalCompetitivenessReport20l9.pdf. Accessed 11 June 2020

  4. Doing Business 2020. Comparing Business Regulation in 190 Economies/International Bank for Reconstruction and Development/The World Bank. https://documents.wor1dbank.org/curated/em688761571934946384/pdf/Doing-Business-2020-Comparing-Business-Regulation-in-190-Economies.pdf. Accessed 11 June 2020

  5. Blomme, H.: Non-Financial Reporting: «... It is about staying in business». IFRS Practice. 8, 17 (2019). https://ibuhoalter.net/ru/material/799/15777. Accessed 01 June 2020

  6. Znamenskyi, H.: Commercial Legislation of Ukraine: Evolution and Future Development. Naukova dumka, Kyiv (1996)

    Google Scholar 

  7. Elliott, J: An Introduction to Sustainable Development. Routledge, London (2006). https://books.google.com.ua/books/about/AnIntroductiontoSustainableDevelopme.html?id=gsz1Ri1ZQzMC&rediresc=y. Accessed 03 June 2020

  8. Redklift, M.: Sustainable Development: Exploring the Contradictions. Routledge, London and New York (2002). https://doi.org/10.4324/9780203408889. Accessed 01 June 2020

  9. Brynjolfsson, E., McAfee, E.: The Second Machine Age: Work. Progress and Prosperity in a Time of Brilliant Technologies. FUND, Kyiv (2016)

    Google Scholar 

  10. Voronkova, V., Metelenko, N., Nikitenko, V., Silina, I. Systemic analysis of the sustainable development economy as environmentally balanced and socially oriented. Humanit. Stud. 1(78), 86–97 (2019). https://doi.org/10.26661/hst-2019-1-78-07. Accessed 08 June 2020

  11. Simokhovich, V., Danilova, E., Romanova, S.: Social responsibility of modern Belarusian business, Minsk (2012)

    Google Scholar 

  12. Hopkins, M.: Corporate Social Responsibility: An Issues Paper International Labour Office Working (May 2004) Paper No. 27. https://doi.org/10.2139/ssrn.908181. Accessed 08 June 2020

  13. Rockfeller, Edwin S.: The antitrust religion: translated into Russian, editor-V.Novikov. Socium, Cheliabynsk (2012). 207 p.

    Google Scholar 

  14. Smyrnova, K.: Legal regulation of competition in the EU: theory and practie monograph, Phenix, Odesa (2015). 432 p.

    Google Scholar 

  15. Jacobs, M.: The Green Economy: Environment, Sustainable Development and the Politics of the Future. UBC Press, Vancouver (1993)

    Google Scholar 

  16. Kwilinski, A., Ruzhytskyi, I., Patlachuk, V., Kaminska, B.: Environmental taxes as a condition of business responsibility in the conditions of sustainable development. J. Legal Ethic. Regul. 22(2S) (2019). https://www.abacademies.org/articles/environmental-taxes-as-a-condition-of-business-responsibility-in-the-conditions-of-sustainable-development-8183.html. Accessed 08 June 2020/06/08

  17. Chornous, Yu., Denysenko, S., Hrudnytskyi, V., Turkot, Ol., Sikorskyi, O.: Legal regulation of crypto currency turnover in Ukraine and the EU. J. Legal Ethic. Regul. 22 (2), 1–6 (2019). https://www.abacademies.org/journals/month-august-year-2019-vol-22-issue-2S-journal-jleri-past-issue.html. Accessed 08 June 2020

  18. Nadybska, O., Fedotova, H., Shcherbyna, S., Chornous, Yu., Basysta, I.: Children’s rights ombudsman: experience of Ukraine and foreign countries. J. Legal Ethic. Regul. 23(2) (2020). https://www.abacademies.org/articles/Childrens-rights-ombudsman-experience-of-Ukraine-and-foreign-countries-1544-0044-23-2-476.pdf. Accessed 08 June 2020

  19. Кalachenkova, K., Titova, O. Legal mode of information in commercial sector. Economic-legal paradigm of modern community development. 2, 155–161 (2016). https://studlib.org.ua/index.php/eprs/article/view/89. Accessed 10 June 2020

  20. O’Rajli,T.: Hto znaye, yakim bude majbutnye/Per. z angl. Kuzmenko Yu. Nash format, Kyiv (2018)

    Google Scholar 

  21. Braliiev, A.: Influence of information society on sustainable development. RUDN J. 4, 15–20 (2008). https://cyberleninka.ru/article/n/vliyanie-informatsionnogo-obschestva-na-ustoychivoe-razvitie. Accessed 10 June 2020

  22. Zvonar, V.: Social responsibility as social-economic phenomenon: theory and Ukrainian reality/Institute of Demography and Social Study named after M. Ptukha (National Academy of Sciences of Ukraine). Kyiv (2018)

    Google Scholar 

  23. Soroka, A., Mazurek-Kusiak, A.: The importance of corporate social responsibility of enterprisese in business. Oeconomia 13(2), 117–125 (2014)

    Google Scholar 

  24. La responsabilité sociétale des entreprises. https://www.ecologique-solidaire.gouv.fr/responsabilite-societale-des-entreprises. Accessed 08 June 2020

  25. Zinchenko, A., Saprykina, M.: CSR development in Ukraine: 2010–2018. «Yuston» Publishing House, Kyiv (2017)

    Google Scholar 

  26. Tamvada, M.: Corporate social responsibility and accountability: a new theoretical foundation for regulating CSR. Int. J. Corp. Soc. Respons. 5(2) (2020). https://doi.org/10.1186/s40991-019-0045-8. Accessed 06 June 2020

  27. On amendements to the «On accounting and financial reporting in Ukraine»: Law of Ukraine of October 5 2017. Verhovna Rada Ukrayiny. https://zakon.rada.gov.ua/laws/show/2164-19#Text. Accessed 09 June 2020

  28. Sustainable Development Goals: Ukraine. National Report 2017/Ministry of economic Development and Trade of Ukraine. https://un.org.ua/images/SDGs_NationalReportUA_Web_1.pdf. Accessed 11 June 2020

  29. Economic Code of Ukraine as of January 11 2003. https://zakon.rada.gov.ua/laws/show/436-15. Accessed 11 June 2020

  30. Constitution of Ukraine as of June 28, 1996. https://zakon.rada.gov.ua/laws/show/254%D0%BA/96-%D0%B2%D1%80. Accessed 11 June 2020

  31. European Union: Framework documents in the Treaty of Lisbon (as revised with comments). In: Kashkin, S. (ed.) INFRA-M, Moscow (2008). 698 p.

    Google Scholar 

  32. Tatham, A.F.: 1998 The Law of European Union: Textbook for students of higher educational establishments/translated from English, Abrys Kyiv, 424 p.

    Google Scholar 

  33. Skordamalja, V., Saniakhmetova, N., Melnyk. S.: EU Competition Law: textbook, Legal literature, Odesa (2004). 238 p.

    Google Scholar 

  34. EU competition policy in action. https://op.europa.eu/en/publication-detail/-/publication/b11a5d15-c5ca-11e7-9b01-01aa75ed71a1. Accessed 04 June 2020

  35. Report of the Antimonopoly Committee of Ukraine (2019). https://amcu.gov.ua/storage/app/uploads/public/5e7/b2b/61d/5e7b2b61dcf08200345915.pdf. Accessed 10 June 2020

  36. Greening small and medium enterprises: environmental policy implementation tools for EasternPartnership states EU (2015). https://www.oecd.org/environment/outreach/Greening-SMEs-policy-manual-rus.pdf. Accessed 07 June 2020

  37. Ladychenko, V., Yara, O., Uliutina, O., Golovko, L.: Environmental Liability in Ukraine and the EU. Eur. J. Sustain. Dev. 8(2), 261–267. https://doi.org/10.14207/ejsd.2019.v8n2p261. Accessed 07 June 2020

  38. Shapovalova, O.: Adaptation of economic legislation to the EU requirements for sustainable development. Top. Issues Law Theory Pract. 32, 25–40 (2016)

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Vasyl’ Stus Donetsk National University, 600 rychchya, 21, Vinnytsia, Ukraine

    Kateryna Kalachenkova, Yuliia Pavliuchenko & Olena Titova

  2. National University «Odessa Law Academy», Fontans’ka doroga st., 23, Odesa, Ukraine

    Svitlana Melnyk

  3. Khmelnytskyi National University, Khmelnytskyi, Ukraine

    Raisa Kvasnytska

Authors
  1. Kateryna Kalachenkova
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Svitlana Melnyk
    View author publications

    You can also search for this author in PubMed Google Scholar

  3. Yuliia Pavliuchenko
    View author publications

    You can also search for this author in PubMed Google Scholar

  4. Olena Titova
    View author publications

    You can also search for this author in PubMed Google Scholar

  5. Raisa Kvasnytska
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Kateryna Kalachenkova .

Editor information

Editors and Affiliations

  1. Middle East Technical University-Northern Cyprus Campus, Güzelyurt, Turkey

    Bahaaeddin Alareeni

  2. College of Business and Finance, Ahlia University, Manama, Bahrain

    Allam Hamdan

  3. Middle East Technical University-Northern Cyprus Campus, Güzelyurt, Turkey

    Islam Elgedawy

Rights and permissions

Reprints and permissions

Copyright information

© 2021 The Author(s), under exclusive license to Springer Nature Switzerland AG

About this paper

Check for updates. Verify currency and authenticity via CrossMark

Cite this paper

Kalachenkova, K., Melnyk, S., Pavliuchenko, Y., Titova, O., Kvasnytska, R. (2021). Principles of Business Activity in the Context of Sustainable Development. In: Alareeni, B., Hamdan, A., Elgedawy, I. (eds) The Importance of New Technologies and Entrepreneurship in Business Development: In The Context of Economic Diversity in Developing Countries. ICBT 2020. Lecture Notes in Networks and Systems, vol 194. Springer, Cham. https://doi.org/10.1007/978-3-030-69221-6_20

Download citation

  • DOI: https://doi.org/10.1007/978-3-030-69221-6_20

  • Published:

  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-69220-9

  • Online ISBN: 978-3-030-69221-6

  • eBook Packages: EngineeringEngineering (R0)

Publish with us

Policies and ethics

Search

Navigation