A review of enterprise sustainable development models: critical appraisal

Abstract

Sustainable development has become a widely used concept and an important global issue. Enterprises aiming for sustainable development must combine economic interests with environmental and social needs, while keeping economic profit as a priority. A variety of different models of sustainable business issues have already emerged. The major challenges of enterprises include choosing particular model and assessing the sustainable development performance. The purpose of this article is to analyse and critically evaluate various models of enterprise’s sustainable development, identify advantages and limitations of existing models and propose procedural model suitable for manufacturing and service enterprises. The enterprises sustainable models will be analysed by covering economic, social, environmental and technological aspects of sustainability. Research will be carried out using analysis of scientific literature and synthesis of various approaches.