IDEAS home Printed from https://ideas.repec.org/h/spr/prbchp/978-3-031-56380-5_11.html
   My bibliography  Save this book chapter

Revisiting the ESG Agenda Requirements for the Corporate Strategy of Large Companies

In: Finance, Economics, and Industry for Sustainable Development

Author

Listed:
  • Heydar S. Hasanov

    (Azerbaijan State University of Economics)

  • Yuliya I. Rastova

    (St. Petersburg State University of Economics)

  • Alla Yu. Gorbunova

    (Altai State University)

Abstract

The article outlines a possible approach to rethinking the corporate strategy of large companies in the context of ESG requirements. The methodological basis of the research is the systematization of the principal directions in which the results of studying corporate strategies are presented in scientific papers over the past 5 years, and identification of gaps in the general process of forming an idea about the features of corporate strategies of large companies. The ESG requirements for the corporate strategy of large companies are described. As a result, the main criteria and parameters of the quality of corporate strategies, as well as the conditions for ensuring it are formulated. In particular, it is proposed to focus corporate strategy on choosing areas for business diversification. The scientific novelty of the results obtained lies in the development of the strategic management theory in terms of determining the nature of modern competition and its impact on the strategy development in a large company. It is concluded that a new approach to the corporate strategy formation will help to achieve the strategic vision, intentions, and goals of a company and will ensure the protection of the rights and interests of participants in corporate relations.

Suggested Citation

  • Heydar S. Hasanov & Yuliya I. Rastova & Alla Yu. Gorbunova, 2024. "Revisiting the ESG Agenda Requirements for the Corporate Strategy of Large Companies," Springer Proceedings in Business and Economics, in: Anna Rumyantseva & Hod Anyigba & Elena Sintsova & Natalia V. Vasilenko (ed.), Finance, Economics, and Industry for Sustainable Development, pages 123-129, Springer.
    • Handle: RePEc:spr:prbchp:978-3-031-56380-5_11
    DOI: 10.1007/978-3-031-56380-5_11
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    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:spr:prbchp:978-3-031-56380-5_11. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    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.