Mechanism and methodological foundations of sustainable development of agribusiness

Abstract

PURPOSE: The study aims to develop amechanism and methodological foundations of sustainable development of agribusiness in Poland and Republic of Belarus.

DESIGN/METHODOLOGY/APPROACH: The research methodology is based on the systematic approach applied to the research of innovative development of food organizations using general scientific methods of analysis, synthesis, comparison, generalization, classification, etc.

FINDINGS: The economic mechanism and methodological foundations of sustainable agribusiness development constitute a set of methods, methodologies, and algorithms, with the help of which an influence on their innovative activity is provided to assure their effective activity and achievement of strategic purposes. A new approach to innovations in sustainable agribusiness as an ultimate result of activity, which includes creating and introducing new products, new technology, and management to increase competitiveness and efficiency of organizations of the food sphere, is proved.

PRACTICAL IMPLICATIONS: Recommendations resulting from the conducted research and analyzes may be used by institutions responsible for creating local and regional policies.

ORIGINALITY/VALUE: The scientific novelty of the results obtained consists in the development of the conceptual foundations for the formation of a model of sustainable development and in the development of recommendations ensuring the effective functioning of agribusiness in modern conditions. The object of the research were the organizations of the agro-industrial complex (AIC) of the Republic of Belarus. The subject of the research, in turn, was the formation of a model for the sustainable development of agribusiness based on the principles of “green economy”.