Arthatama: Journal of Business Management and Accounting
Vol. 8 No. 1 (2024)

Strategic Approaches for Business Sustainability in a Volatile Global Economy

Pradwipa Mutianto (Universitas Diponegoro, Indonesia)



Article Info

Publish Date
30 Jun 2024

Abstract

In an era of persistent economic volatility, financial resilience is fundamental for business sustainability. This paper explores strategic approaches to enhancing financial resilience by integrating absorptive and adaptive capacities, financial literacy, and climate finance. Companies that develop robust financial structures, diversify revenue streams, and adopt effective risk management strategies are better positioned to navigate global uncertainties. Moreover, financial literacy enhances decision-making capabilities, fostering adaptive financial strategies that support long-term stability. The paper also highlights the growing relevance of climate finance in ensuring sustainability, particularly for businesses in developing economies. The interplay between geopolitical risks, economic fluctuations, and financial strategies underscores the necessity of dynamic financial planning. By examining existing literature and strategic frameworks, this study provides actionable insights for businesses seeking to fortify their financial resilience in an increasingly uncertain global landscape. The findings suggest that organizations must adopt a proactive approach, leveraging financial innovation, regulatory frameworks, and sustainability-focused investments to remain competitive.

Copyrights © 2024






Journal Info

Abbrev

art

Publisher

Subject

Economics, Econometrics & Finance

Description

The objective of the Arthatama is to promote the wide dissemination of the results of systematic scholarly inquiries into the broad field of business research. Arthatama accepts articles in any business management and accounting related subjects and any research methodology that meet the standards ...