Sustainability and competitiveness are directions addressed by national and international organizations. Sustainability implies the use of resources in a balanced manner so that the organization can carry on its activity for as long as possible. Competitiveness can be defined as the organizational capacity to be the best in the industry in which it operates. The link between the two concepts involves an analysis of specialized literature and organizational practices. The work needed to be performed to achieve these levels of competitiveness and sustainability are not clearly defined. Competitiveness and sustainability are two tangential directions that can or cannot be achieved by companies. Being sustainable contributes to achieving competitiveness. But being competitive does not mean that the company is also sustainable. This research aims to identify the link between competitiveness and sustainability in today's economy. Also the dimensions that contribute to the competitiveness of an enterprise and the directions of sustainable development are presented. Analysing the literature, different views that help shape a framework for competitiveness and sustainability of organizations are presented. The purpose of this paper is to identify the elements that contribute to sustainable development and the elements that contribute to organizational competitiveness, to present the link between the two concepts and to develop a theoretical framework for organizational competitiveness and sustainability.
Sustainability is an approach adopted by more and more companies. The importance of sustainable development is reflected in the company's financial results. The circular economy is a key to sustainable development. The circular economy requires resources to be used for as long as possible, extracting the maximum value and then recovering and regenerating the materials at the end of each lifetime. Regenerative cost accounting framework offers managers the tools and critical thinking skills necessary to succeed in business while taking into account the costs of regeneration right from the beginning of the production processes. The role of regenerative management accounting model is to help companies lower the operational and regeneration costs. How can an economic entity large or small control its costs of production and maximize its profit while tackling a green approach trough a circular economy model? The aim of this paper is to identify how regenerative managerial accounting is used for a sustainable economic development in the context of a circular economy. Applying circular economy models business owners or managers can improve cash flows, create master budgets that advertize the longevity of products by using circular models that reduce the company s cost and save them money while analyzing necessary and unnecessary cash expenditures.
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