DOI: https://doi.org/10.32515/2663-1636.2024.12(45).214-223

Organizational Performance Analysis and Evaluation in the Context of Sustainable Development

Artem Kozlovskyy

About the Authors

Artem Kozlovskyy, Postgraduate (student of the third (educational and scientific) level of higher education), Ternopil Ivan Puluj National Technical University, Ternopil, Ukraine, ORCID: https://orcid.org/0009-0003-5179-7849, e-mail: artemana009@gmail.com

Abstract

The article deals with the issues of organizational performance analysis and evaluation that arise in the context of growing market demands and the need to ensure sustainable development. The research methodology relies on a comprehensive approach to substantiating a system of indicators characterizing the business entities’ economic efficiency in relation to environmental and social responsibility of business. This paper describes the models and techniques that are an integral part of modern management, as they can serve as key factors in achieving competitive advantage and sustainable growth. The authors emphasize the importance of a comprehensive approach to assessing the efficiency of enterprises, taking into account all key aspects of the modern management process, while the introduction of these methods is an important step for organizations seeking not only to survive but also to succeed in the face of rapidly changing market conditions. It has been argued that corporate performance measurement systems, in addition to financial performance indicators, should also include indicators that measure the organization’s impact on the environment and society. The study proves that stakeholders are increasingly interested in non-financial information about the organization’s responsibility and sustainability, evaluate and incorporate this information into their decision-making process. The article offers a number of recommendations for substantiating the criteria and building a system of indicators for assessing activities in the field of sustainable development, taking into account the tasks of analysis: strategy development, monitoring, and interaction with stakeholders. The research develops a comprehensive approach to performance assessment that includes an analysis of financial, social and environmental indicators and takes into account the specifics of international markets. The recommendations allow business entities to analyze the effectiveness of their sustainability strategy, external stakeholders to evaluate and make decisions, and owners and relevant authorized bodies to monitor their activities at various levels of management.

Keywords

sustainable development, activity efficiency, economic efficiency, corporate social efficiency, environmental sustainability, efficiency assessment methods, key performance indicators, business model.

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References

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Copyright (c) 2024 Artem Kozlovskyy