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Do We Need Efficient Management To Ensure Sustainable Development Of The Enterprise?

Author

Listed:
  • Silvia Elena IACOB

    (Bucharest University of Economic Studies, Romania)

  • Constantin Ciprian IACOB

    (”Valahia” University of Targoviste, Romania)

Abstract

Ethics is necessary for all, because of the threats to the nature and the future of humanity thanks to the technical progress and its often devastating potentials, if these potentials are not subjected, as possibilities of exercise, to this principle of responsibility. Therefore, sustainable development (SD) is called to manage well the strong tension that has developed rapidly between the two poles: that of moral demand, based on a return to the philosophy of morality, and that of stakeholders, which aims to extend the agency relationship to new interest groups such as local communities or even their administrations, through the partnership method. In this way they become partners and implicitly stakeholders who no longer act as a party to the conflict. They are united in their incompatibility and under these circumstances the stakeholder theory suffers from an acute lack of legitimacy in relation to the new requirements imposed by SD.

Suggested Citation

  • Silvia Elena IACOB & Constantin Ciprian IACOB, 2019. "Do We Need Efficient Management To Ensure Sustainable Development Of The Enterprise?," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 4(3), pages 126-130.
    • Handle: RePEc:brc:brccej:v:4:y:2019:i:3:p:126-130
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    More about this item

    Keywords

    Sustainable development; management; efficiency;
    All these keywords.

    JEL classification:

    • O - Economic Development, Innovation, Technological Change, and Growth
    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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