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BUSINESS CONTINUITY IN THE CONTEXT OF SUSTAINABLE DEVELOPMENT ISSUES

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PDF: Author(s): Kazakov E. A.,
Number of journal: 2(55) Date: May 2021
Annotation:

The article deals with the relationship between business continuity management and the concept of sustainable development. The structure of the concept of sustainable development as a socio-economic process is described. The relevance and urgency of the issues related to the provision of sustainable development are outlined. The structure of the most significant challenges of sustainability in the economy is described. The importance of the activities of commercial enterprises and organizations in solving the problems of sustainability is emphasized. The elements of the context of the organization, which are influenced by its activities are described. The classification of enterprise stakeholders according to international guiding documents is presented. The importance of mutually beneficial behavior of the organization towards its stakeholders is assessed. The place of business continuity management in the system of tools, providing sustainable success of the organization and sustainable development of the territory is defined. The international experience of interaction of business and interested communities at the incidents influencing ecological and socio-economic stability of large regions is analyzed. The methods and consequences of business management response to threats and emergencies are investigated. The relationship between the resilience of the organization and the methodology of its management in terms of business continuity is revealed. The effectiveness of the business continuity management approach to building mutually beneficial relationships with stakeholders of the organization is proved. It illustrates the relationship between business continuity management and the ability of business firms to meet the needs and expectations of their customers and other stakeholders on a long-term and balanced basis. The hypothesis of the impact of the concept of management and business continuity of an enterprise on sustainability-oriented management approaches is confirmed.

Keywords:

business continuity, business continuity management, organizational sustainability, sustainable development, green economy, sustainable success, emergency, business interruption, interested parties, stakeholders, consumers, society.

For citation:

Kazakov E. A. Business continuity in the context of sustainable development issues. Business. Education. Law, 2021, no. 2, pp. 201—205. DOI: 10.25683/VOLBI.2021.55.271.