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Title: Optimisation model for industrial complex competitiveness: a path to sustainable innovation process

Authors: Vadim V. Krivorotov; Alexey V. Kalina; Zhanna S. Belyaeva; Sergey Ye Erypalov

Addresses: Graduate School of Economics and Management, Ural Federal University, Mira Str. 19, i-419, 620002-Yekaterinburg, Russia ' Graduate School of Economics and Management, Ural Federal University, Mira Str. 19, i-419, 620002-Yekaterinburg, Russia ' Graduate School of Economics and Management, Ural Federal University, Mira Str. 19, i-419, 620002-Yekaterinburg, Russia ' Graduate School of Economics and Management, Ural Federal University, Mira Str. 19, i-419, 620002-Yekaterinburg, Russia

Abstract: Business entities of all forms and origin face the necessity to foster new management approaches in order to promote its excellence. Sustainability is a key issue for organisations nowadays as they increasingly acknowledge that their practices have social and/or environmental consequences. Multi-stakeholder systems such as industrial complexes/clusters seek to raise competitiveness by integrating new innovative business models and appropriate responsibility in various fields of operations. These managerial technologies require a novel outlook at the optimisation model of the numerous competitive forces and its evaluation. In light of this, it is imperative that new methodologies and frameworks to facilitate the understanding of sustainability concepts in the business environment are to be developed as innovation approach. The framework suggested in the paper helps to outline guidelines on evaluating the nature and process of innovative and sustainable competitive strategy considering many indicators influencing industrial complexes and its environment.

Keywords: organisational competitiveness; sustainability management; sustainable development; optimisation models; industrial complexes; sustainable innovation; industrial clusters.

DOI: 10.1504/WREMSD.2016.074969

World Review of Entrepreneurship, Management and Sustainable Development, 2016 Vol.12 No.2/3, pp.254 - 269

Available online: 26 Feb 2016 *

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