IDEAS home Printed from https://ideas.repec.org/a/ers/journl/vxxivy2021i1p188-200.html
   My bibliography  Save this article

The Idea of Sustainable and Permanent Development in the Context of Science and Business Practice

Author

Listed:
  • Borowiecki Ryszard
  • Siuta-Tokarska Barbara
  • Hys Katarzyna
  • Thier Agnieszka
  • Zmija Katarzyna

Abstract

Purpose: The objective of the paper is to present relationships between science and business practice in the process of achieving sustainable and permanent development. It identifies relationships between a concept, as presented in Plato’s thoughts, and Khun’s paradigm, which shapes the contemporary reflections on science. Design/Methodology/Approach: The adopted methodological concept aims to research the problem in its theoretical and practical context, i.e., the context of business practice. The publication employs research methods used in social sciences in the area of the analysis and criticism of written works, as well as logical analysis and construction along with logical inference based on the synthesis method. The empirical part of the work presents data and information covering the years 1970-2016, 2017 and 2019, as well as forecasts for 2021. Findings: The results of the conducted research indicate that the hitherto model of doing business on a global scale narrows down the impact of natural and social capital. The authors assume that the model of doing business in the period of transformation, aimed to achieve sustainable and permanent development, is very likely to be completely revaluated in terms of the functions performed by particular capital components. Practical Implications: The study of sustainable and permanent development in the context of business practice points to the disequilibrium between natural, social and economic capital reflected in the dominance of economic capital. Originality/value: The work makes a successful attempt at presenting a model approach to the development of global economy, giving consideration to natural, social and economic components of capital. This approach is presented in three time-bound frameworks: up to the present time, the period of transformation, and the target period – the balancing of capital components in compliance with the concept of sustainable and permanent development.

Suggested Citation

  • Borowiecki Ryszard & Siuta-Tokarska Barbara & Hys Katarzyna & Thier Agnieszka & Zmija Katarzyna, 2021. "The Idea of Sustainable and Permanent Development in the Context of Science and Business Practice," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 188-200.
    • Handle: RePEc:ers:journl:v:xxiv:y:2021:i:1:p:188-200
    as

    Download full text from publisher

    File URL: https://ersj.eu/journal/2445/download
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Yosef Jabareen, 2008. "A New Conceptual Framework for Sustainable Development," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 10(2), pages 179-192, April.
    2. Ryszard Borowiecki & Zbigniew Olesinski & Agnieszka Rzepka & Katarzyna Hys, 2021. "Development of Teal Organisations in Economy 4.0: An Empirical Research," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 117-129.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Makena Coffman & Karen Umemoto, 2010. "The triple-bottom-line: framing of trade-offs in sustainability planning practice," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 12(5), pages 597-610, October.
    2. Huilian Han & Hui Li, 2020. "Coupling Coordination Evaluation between Population and Land Urbanization in Ha-Chang Urban Agglomeration," Sustainability, MDPI, vol. 12(1), pages 1-23, January.
    3. Yu, Rong & Li, Jianhong, 2024. "Does fintech influence sustainable development under natural resource constraints: insights from 270 Chinese cities," Resources Policy, Elsevier, vol. 91(C).
    4. Nicos A. Scordis & Yoshihiko Suzawa & Astrid Zwick & Lucia Ruckner, 2014. "Principles for Sustainable Insurance: Risk Management and Value," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 17(2), pages 265-276, September.
    5. Nasrin Aghamohammadi & Stacy Simai Reginald & Ahmad Shamiri & Ali Akbar Zinatizadeh & Li Ping Wong & Nik Meriam Binti Nik Sulaiman, 2016. "An Investigation of Sustainable Power Generation from Oil Palm Biomass: A Case Study in Sarawak," Sustainability, MDPI, vol. 8(5), pages 1-19, April.
    6. Yosef Jabareen, 2012. "Towards a Sustainability Education Framework: Challenges, Concepts and Strategies—The Contribution from Urban Planning Perspectives," Sustainability, MDPI, vol. 4(9), pages 1-23, September.
    7. Ruixin Su & Bojan Obrenovic & Jianguo Du & Danijela Godinic & Akmal Khudaykulov, 2022. "COVID-19 Pandemic Implications for Corporate Sustainability and Society: A Literature Review," IJERPH, MDPI, vol. 19(3), pages 1-23, January.
    8. Menzori, Ivan Damasco & Sousa, Isabel Cristina Nunes de & Gonçalves, Luciana Márcia, 2021. "Urban growth management and territorial governance approaches: A master plans conformance analysis," Land Use Policy, Elsevier, vol. 105(C).
    9. Yaolin Wang & Chenyang Liu & Xi Zhang & Shaoting Zeng, 2023. "Research on Sustainable Furniture Design Based on Waste Textiles Recycling," Sustainability, MDPI, vol. 15(4), pages 1-18, February.
    10. Miro Ristimäki & Seppo Junnila, 2015. "Sustainable Urban Development Calls for Responsibility through Life Cycle Management," Sustainability, MDPI, vol. 7(9), pages 1-25, September.
    11. Vivek Agrawal & Rajendra P. Mohanty & Sucheta Agarwal & Jitendra Kumar Dixit & Anand M. Agrawal, 2023. "Analyzing critical success factors for sustainable green supply chain management," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(8), pages 8233-8258, August.
    12. Kajsa Borgnäs, 2017. "Indicators as ‘circular argumentation constructs’? An input–output analysis of the variable structure of five environmental sustainability country rankings," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 19(3), pages 769-790, June.
    13. Efrat Eizenberg & Yosef Jabareen, 2017. "Social Sustainability: A New Conceptual Framework," Sustainability, MDPI, vol. 9(1), pages 1-16, January.
    14. Emilia Conte, 2018. "The Era of Sustainability: Promises, Pitfalls and Prospects for Sustainable Buildings and the Built Environment," Sustainability, MDPI, vol. 10(6), pages 1-16, June.
    15. Jootae Kim & Sungjin Son & Ick Jin, 2022. "The Effects of Shareholding of the National Pension Fund on Environmental, Social, Governance, and Financial Performance: Evidence from the Korean Manufacturing Industry," Sustainability, MDPI, vol. 14(18), pages 1-17, September.
    16. Jianglin Lu & Keqiang Wang & Hongmei Liu, 2023. "Land Development Rights, Spatial Injustice, and the Economic Development in Net-Incremental Reduction Regions of Construction Land: Evidence from Shanghai, China," IJERPH, MDPI, vol. 20(3), pages 1-25, January.
    17. Edet Otto & Henry Sawyerr, 2022. "Ecological footprint of energy and waste generation for environmental sustainability in Ijebu Ode, Ogun State, Nigeria [A new conceptual framework for sustainable development]," International Journal of Low-Carbon Technologies, Oxford University Press, vol. 17, pages 637-644.
    18. Patricia Andino-González & Alejandro Vega-Muñoz & Guido Salazar-Sepúlveda, 2024. "Analyzing Managerial Skills for Employability in Graduate Students in Economics, Administration and Accounting Sciences," Sustainability, MDPI, vol. 16(16), pages 1-16, August.
    19. Fred Saunders & Michael Gilek & Anda Ikauniece & Ralph Voma Tafon & Kira Gee & Jacek Zaucha, 2020. "Theorizing Social Sustainability and Justice in Marine Spatial Planning: Democracy, Diversity, and Equity," Sustainability, MDPI, vol. 12(6), pages 1-18, March.
    20. Qianna Wang & Martin Mwirigi M'Ikiugu & Isami Kinoshita, 2014. "A GIS-Based Approach in Support of Spatial Planning for Renewable Energy: A Case Study of Fukushima, Japan," Sustainability, MDPI, vol. 6(4), pages 1-31, April.

    More about this item

    Keywords

    Sustainable development; permanent development; science; business practice.;
    All these keywords.

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
    • I30 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • Y50 - Miscellaneous Categories - - Further Reading - - - Further Reading

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ers:journl:v:xxiv:y:2021:i:1:p:188-200. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marios Agiomavritis (email available below). General contact details of provider: https://ersj.eu/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.