Innovative Development of Modern Organizations, New Economy and ESG Transformation

Purpose: Processes, such as increased competition, acceleration of the processes of change and social time compression lead to a reduction of invariants in management activities. The tools of classical management are becoming increasingly irrelevant. Factors that were insignificant earlier come to the fore. This article is devoted to the analysis and theoretical substantiation of the actual problems of organization management and personnel management in the conditions of the latest trends in the economy and society. Design/Methodology/Approach: General scientific methods of research and generalization of approaches to organization management and personnel management are applied. The discourse is based on the analysis of scientific publications in the field of goals and actions of social management and sustainable development in the context of the ESG paradigm. The research concept and its implementation are based on the theory of human capital, the theory of creativity and creative class and the concept of innovation management. Findings: The conditions of innovative development of a modern organization are determined, the value orientations of employees and companies, taking into account the trends of the new economy and ESG transformation are analyzed. The tools of personnel management in small innovative firms are proposed. The necessity of searching for new forms of cooperation between science (education), corporations and startups in order to increase their own competitiveness and create a fair business environment is substantiated. Originality/Value: The problems of improving the management efficiency of modern organizations in the new economy and on the basis of a sustainable development strategy can be solved, including through the use of personnel innovations in human resource management, taking into account the value system of Generation Z, new approaches to cooperation between large businesses, independent inventors (startups) and education (science) and self-reproduction of the conditions of innovation by the organization.