Organizational and economic aspects of sustainable business development

published:
Number: Issue 21(2020)
Section: Economy. Management
The page spacing of the article: 28-36
Keywords: road, road industry, organizational and economic aspects, entrepreneurship, road development program, development
How to quote an article: Vitaliy Ivanchenko Organizational and economic aspects of sustainable business development // Dorogi і mosti [Roads and bridges]. – 2020. – Iss. 21. – P. 28-36. [in Ukrainian].

Authors

M.P. Shulgin State Road Research Institute State Enterprise - DerzhdorNDI SE, Kyiv, Ukraine
https://orcid.org/0000-0003-4014-0780

Summary

Introduction. Continuous growth of motorization of the population and under-financing of current medium and major repairs of highways have led to the destruction of most motorways, increased number of accidents, reduced efficiency of transportation of goods and passengers, increased emissions into the atmosphere and rapid growth of social tension. To overcome these consequences, at all levels of state and local government, programs for the development of public highways have been introduced, the implementation of which is provided by entrepreneurship in the road industry.

Problem statement. Constant pressure of agreements and contracts, enforcement of economic performance, environmental compliance and standards, ensuring continuous growth of social capital are the main issues that constantly arise in the operation of business in the road sector. Their solution can only be a movement of entrepreneurship through sustainable development.

Purpose. The purpose of the article is to characterize the organizational and economic aspects of ensuring the sustainable development of entrepreneurship through the activities of economic entities in the road industry of Ukraine, and the task is to identify and characterize the main organizational and economic aspects that are key to the sustainable development of entrepreneurship.

Materials and methods. During the writing of the article, dialectical methods of cognition were used, such as analysis and synthesis in terms of the characteristics of business activity and the fulfillment of the main tasks of road development programs, as well as induction, to reveal the organizational and economic aspects of ensuring sustainable business development.

Results. The paper describes the indicators of financing entrepreneurship in the road sector and describes the main organizational and economic aspects of ensuring their sustainable development to further improve the economic, social and environmental condition.

Conclusion. The functioning of entrepreneurship in the road industry provides an opportunity to ensure the implementation of programs for the development of public roads. Such entrepreneurship does not have the ability to fully implement all the principles of entrepreneurship and constantly works under the conditions stipulated in contracts for construction, reconstruction and repair of public roads. The successful and efficient functioning of entrepreneurship is possible when increasing its number in the market of services to create competition, which will improve the quality of providing these services, the constant increase of production capacity and the introduction of new technologies, the observance and improvement of environmental norms and standards when performing works. All this will ensure the sustainable development of entrepreneurship in the road sector, ensure economic growth, reduce social discontent and create new jobs and reduce the environmental burden on the environment.

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