COMPARATIVE EVOLUTION OF MANAGEMENT AND GOVERNANCE CONCEPTS IN MODERN BUSINESS SYSTEMS
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Abstract:
This paper examines the conceptual evolution and interdependence of management and governance in modern business organizations. It analyzes how these two elements—though distinct in function—work together to ensure sustainable success in both developed and emerging economies. Using international statistics and global best practices, the study highlights how the integration of effective governance principles with data-driven management systems contributes to innovation, competitiveness, and organizational resilience.
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References:
Fundamentals of the Concept of Management and Governance in Business, International Science Bulletin, Vol. 5, No. 3 (2024).
OECD (2023). Corporate Governance Factbook 2023. Paris: OECD Publishing.
World Bank (2024). Worldwide Governance Indicators (WGI). Washington, D.C.
McKinsey & Company (2024). AI and the Future of Management: Global Survey Results.
European Commission (2023). Corporate Sustainability and Governance in the European Union.
