ECONOMIC PARADIGMS AND BUSINESS MODELS TO ACHIEVE THE SUSTAINABILITY OF COMPANIES
The signing of the 2030 Agenda committed the countries of the world to find the best mechanisms for the functioning of economies able to ensure sustainable development. Companies need to meet new requirements in order to remain competitive, while generating higher economic, environmental and socia...
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| Format: | Article |
| Language: | English |
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Editura Univeristatii "Stefan cel Mare" din Suceava
2020-12-01
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| Series: | USV Annals of Economics and Public Administration |
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| Online Access: | http://annals.seap.usv.ro/index.php/annals/article/view/1264/1042 |
| Summary: | The signing of the 2030 Agenda committed the countries of the world to find the best mechanisms for the
functioning of economies able to ensure sustainable development. Companies need to meet new requirements in order
to remain competitive, while generating higher economic, environmental and social values. This article aims to
describe the diversity of three economic paradigms: lean economy, green economy, circular economy and its business
models that are able to support sustainability. The principles of operation, benefits and how they will contribute to
sustainable development were analyzed. Depending on the specifics of the business sector, national and international
programs, policies and strategies, companies must identify the most appropriate solutions for their business to be able
to comply with the principles of sustainable development. Companies can implement several business models belonging
to different economic paradigms to take advantage of their synergistic effect. |
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| ISSN: | 2285-3332 2344-3847 |