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A model for selection of a management team to ensure the sustainability and development of the business organizations

Author

Listed:
  • Inna Gryshova

    (Jiangsu Normal University, China)

  • Mariana Petrova

    (St. Cyril and St. Methodius University of Veliko Turnovo, Bulgaria)

  • Milena Tepavicharova

    (Higher School of Security and Economics, Bulgaria)

  • Aleksey Petrovich Diachenko

    (Jiangsu Normal University, China)

  • Tatiana Gutsul

    (National University of Life and Environmental Sciences of Ukraine, Ukraine)

Abstract

The managers, through their professional qualifications, personal qualities, norms of behavior and acquired experience, ensure the achievement of the targets and strategies set in the economic organizations. In this respect, the guarantee of their sustainability and development is only possible through building an effective system of selection of the management staff. In the context of the systematic approach, it is of paramount importance to develop a model for selecting a management team to ensure the sustainability and development of the businesses. The justification of the factors, as well as their action and interaction to achieve the sustainability and development of the economic organizations, is of high value for the implementation of a system for selection, training and professional development of the management team. In this regard, the research on organizations which have achieved positive financial and economic results can help to clarify the strength of the interrelation between the varying factors in the selection of a management team. The purpose of the actual article is to explore and model the main factors for selecting a management team, which have a direct or indirect impact on the sustainability and development of the business organizations in Bulgaria.

Suggested Citation

  • Inna Gryshova & Mariana Petrova & Milena Tepavicharova & Aleksey Petrovich Diachenko & Tatiana Gutsul, 2019. "A model for selection of a management team to ensure the sustainability and development of the business organizations," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(1), pages 690-703, September.
    • Handle: RePEc:ssi:jouesi:v:7:y:2019:i:1:p:690-703
    DOI: 10.9770/jesi.2019.7.1(49)
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    Citations

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    Cited by:

    1. I Ketut Setia Sapta & I Nengah Sudja & I Nengah Landra & Ni Wayan Rustiarini, 2021. "Sustainability Performance of Organization: Mediating Role of Knowledge Management," Economies, MDPI, vol. 9(3), pages 1-16, June.
    2. Farah Ameer & Naveed R. Khan, 2020. "Manager’s Age, Sustainable Entrepreneurial Orientation and Sustainable Performance: A Conceptual Outlook," Sustainability, MDPI, vol. 12(8), pages 1-13, April.
    3. Inna Gryshova & Nataliia Demchuk & Iryna Koshkalda & Nataliia Stebliuk & Nataliia Volosova, 2019. "Strategic Imperatives of Managing the Sustainable Innovative Development of the Market of Educational Services in the Higher Education System," Sustainability, MDPI, vol. 11(24), pages 1-16, December.
    4. Inna Gryshova & Mykola Kyzym & Viktoriia Khaustova & Volodymyr Korneev & Hennadii Kramarev, 2020. "Assessment of the Industrial Structure and its Influence on Sustainable Economic Development and Quality of Life of the Population of Different World Countries," Sustainability, MDPI, vol. 12(5), pages 1-25, March.
    5. Sultan RAMAZANOV & Mariana PETROVA, 2020. "Development, management and forecasting in a green innovative economy, based on the integral dynamics model in the conditions of "INDUSTRY - 4.0"," Access Journal, Access Press Publishing House, vol. 1(1), pages 9-30, May.
    6. Olena Baklanova & Mariana Petrova & Viktor Koval, 2020. "Institutional Transmission in Economic Development," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 68-91.

    More about this item

    Keywords

    management team; sustainability; development; economic organization; Bulgaria;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

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