Technological component of modelling company’s sustainable development

Abstract

Goals, employees and technologies are the basic units of an organization. People utilize technologies to reach organizational aims. Moreover, utilizing technologies that are sustainable grants more benefits for the organization, such as reduction of consumption of natural resources, increased economical profit and competiveness, improved quality of a product and reliability of service. Therefore organization receives social, environmental and financial benefit. Technologies are important in both, production and provision of services as they enable development of innovations. The aim of this article is to justify the demand of technological component while modelling sustainable development of an enterprise and also to provide a model of technologies sustainable development. The research was conducted using analysis of scientific literature, comparison, generalization and synthesis of various approaches. This model elucidates possibilities for an ordinary technology to be transformed into sustainable one or for a development of new sustainable technology from scratch. Recommendations are included for increase in efficiency when working with product/service system, that eventually leads to a better position in the market.