Teaching - Learning of Business Sustainable Development: Business Stability as the Function of the Effective Business Process Indicators

Abstract

Higher education of the business process optimization in the frame of the globalization process with the fast IT development must be considered as business management Performance of a competitive enterprise. At the same time, modeling and management processes and methods and effective model design should be able to solve the real problems and apply current knowledge and professional practice of optimal decision making for business strategy management and sustainable development. The presented research paper analyzes modeling business sustainable development by finding the items connected and supported by the optimization approaches that factor which is responsible for business development evaluation. Based on the analysis, business sustainability (BS) has combined the three main factors of business sustainable development evaluation model-building, optimal decision-making, and strategy management – as a tool for the business process design according to the transformation of business education for the understanding approaches of business sustainability. The scientific work focuses on a view of the functional relationship of business sustainable development and influence of the educational indicators of model building, decision making, knowledge management for the developing study module for Master of Business Administration &Management (MAB&M) and creating the framework of the functional relationship between them. Besides, there is considering the current teaching-learning problems discussion according to the Business sustainable development evaluation through the follows as are: (1) Business sustainability as a function of model-building, optimal decision-making, and strategy management; (2) Understanding of the modeling process in the frame of research and analyzing complex issues and problems in business; (3) Making the decision in the context of the possibility of approaches for transformation teaching-learning process by introducing research component with practice; (4) Applying best-practice model design to real business problems, discussing the problems, and analyzing them; (5) Optimal decision-making as a result of model-building and the strategy management; (6) Business Education Performance as a way to the sustainability business process.