Sustainability of Young Companies-Contemporary Trends and Challenges

• Main Author: Jab?o?ski, Marek (auth)
• Format: Electronic Book Chapter
• Language: English
• Published: MDPI - Multidisciplinary Digital Publishing Institute 2019
• Subjects: social enterprise; entrepreneurship-specific human capital; social capital; young companies; value capture; sustainable enterprises; digitalization; corporate social responsibility; value creation; start-ups; medical device industry; incubator; data envelopment analysis; China; social value; railway companies; network involvement; creativity; value migration; role breadth self-efficacy; business model; Korea; tenants' graduation; efficiency; socially responsible human resource management; mutual support; social enterprises; performance evaluation; sustainability development; opportunity recognition and evaluation; young firms; job performance; social climate; success factor; sustainable business model innovation; social aspects; green human resource management; medical device start-ups; product innovation; digital economy; analytical hierarchy process; sustainable business model; coworking space; incubation services
• Online Access: DOAB: download the publication; DOAB: description of the publication

Ensuring the sustainability of early stage companies and increasing awareness of the need for balancing targets against different stakeholder groups among young companies are not well developed. Young companies, in the first place, want to achieve financial success very often without regard for aspects such as the environment, positive relationships with employees, suppliers or other stakeholder groups, fulfilling requirements of labor law, etc. Another issue is that of companies whose business models are based on actuarially-preferred concepts, such as sharing economy, sustainable development, e-comers, e-commerce, renewable energy, social media, and others. A key issue is the resignation of companies from an approach to business, based on the foundations of classical economics to the sharing economy. Theory and practice seek new solutions in the sphere of value sharing in these new areas of sharing, and innovative forms of its implementation. Intriguing is the relationship of these business models with sustainability issues, as well as wondering how technology can influence sustainability. A contemporary approach to consumer value fits in with the assumption of a shared economy. It is interesting how it affects the assumptions of sustainability of business. The ongoing changes in the value system of potential consumers create new conditions for the design of sustainability business models and creation of innovation.