IDEAS home Printed from https://ideas.repec.org/a/brc/journl/v34y2016i4p176-181.html
   My bibliography  Save this article

Sustainable Business - The Way To Ensure The Competitiveness And The Efficiency Of Romanian Companies

Author

Listed:
  • Mirela-Ionela, Aceleanu

    (The Bucharest University of Economic Studies, Romania)

Abstract

The business world is rapidly changing by globalization, the development of information technologies and the increasing concerns for environment protection. Businesses need to be competitive in a market where not only the profit but also the way of attraction, management and marketing strategies used and care for the environment. The paper presents the Romanian business environment in terms of how companies adapt to trends that are imposed by sustainable development and to requirements for environmental protection. Therefore, there are tracked and analyzed some indicators that capture the extent to which Romanian companies are environmentally responsible. The study shows that in recent years, companies in Romania pay more attention to environmental responsibility, using the benchmark of the large corporations which have developed their businesses in Romania and existing EU legislation. However, the differences between Romania and highly developed countries are still high, and to reduce the development disparities, it should continue the efforts to improve the green management policies and strategies adopted by each firm.

Suggested Citation

  • Mirela-Ionela, Aceleanu, 2016. "Sustainable Business - The Way To Ensure The Competitiveness And The Efficiency Of Romanian Companies," Management Strategies Journal, Constantin Brancoveanu University, vol. 34(4), pages 176-181.
    • Handle: RePEc:brc:journl:v:34:y:2016:i:4:p:176-181
    as

    Download full text from publisher

    File URL: http://www.strategiimanageriale.ro/papers/160425.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Mariana Cristina GANESCU, 2012. "Corporate social responsibility, a strategy to create and consolidate sustainable businesses," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(11(576)), pages 91-106, November.
    2. repec:agr:journl:v:9(586):y:2013:i:9(586):p:7-26 is not listed on IDEAS
    3. Victor DANCIU, 2013. "The sustainable company: new challenges and strategies for more sustainability," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(9(586)), pages 7-26, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ana Petrina Păun & Claudia Isac, 2018. "Corporate Social Responsibility – A Strategic Approach for Sustainable Business," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 18(1), pages 171-178.
    2. Said Yousef Dwikat & Darwina Arshad & Mohd Noor Mohd Shariff, 2023. "Effect of Competent Human Capital, Strategic Flexibility and Turbulent Environment on Sustainable Performance of SMEs in Manufacturing Industries in Palestine," Sustainability, MDPI, vol. 15(6), pages 1-29, March.
    3. Said Yousef Dwikat & Darwina Arshad & Mohd Noor Mohd Shariff, 2022. "The Influence of Systematic Strategic Planning and Strategic Business Innovation on the Sustainable Performance of Manufacturing SMEs: The Case of Palestine," Sustainability, MDPI, vol. 14(20), pages 1-26, October.
    4. Roby Setiadi & Kardison Lumban Batu & Harry Soesanto, 2017. "Does an Environmental Marketing Strategy Influence Marketing and Financial Performance? A Study of Indonesian Exporting Firms," Tržište/Market, Faculty of Economics and Business, University of Zagreb, vol. 29(2), pages 177-192.
    5. Abdullah Al Mamun & Noorshella Binti Che Nawi & Mohd Asrul Hery Bin Ibrahim & Rajennd Muniady, 2018. "Effect of Economic Vulnerability on Competitive Advantages, Enterprise Performance and Sustainability," Social Sciences, MDPI, vol. 7(4), pages 1-11, April.
    6. Zenobia Niculita, 2015. "Psycho-Social Factors That Promote Organizational Sustainability And Innovation," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 0, pages 222-227, July.
    7. Anca-Ioana Munteanu & Nicolae Bibu & Marian Nastase & Nicoleta Cristache & Cosmin Matis, 2020. "Analysis of Practices to Increase the Workforce Agility and to Develop a Sustainable and Competitive Business," Sustainability, MDPI, vol. 12(9), pages 1-14, April.
    8. Kyungbok Kim & Sang-Myung Lee, 2018. "Does Sustainability Affect Corporate Performance and Economic Development? Evidence from the Asia-Pacific region and North America," Sustainability, MDPI, vol. 10(4), pages 1-18, March.
    9. Carlo Pugnetti & Sebastian Barth & Lukas Stricker, 2023. "Customer Expectations for Sustainability in the Swiss Insurance Market," Sustainability, MDPI, vol. 15(11), pages 1-16, June.
    10. Mühle, Charlotte & Berrones-Flemmig, Claudia Nelly & Hattula, Cansu, 2024. "Sustainability in start-ups: A literature review," IU Discussion Papers - Business & Management 3 (February 2024), IU International University of Applied Sciences.
    11. Ghizdeanu Ion & Rabontu Irina-Cecilia & Irina Elena Chirtoc & Gabriela Busan, 2016. "Analysis Of Interdependence Between Arrivals Of Tourists In Boarding Houses, Accommodation Capacity And Relative Poverty Rate To Regional Development Level," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 13-17, February.
    12. Ganescu Cristina & Gangone Andreea, 2017. "A Model of Socially Responsible Organizational Culture," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 27(2), pages 45-59, June.
    13. PANȚA Nancy Diana, 2017. "Arguments In Favor Of Moving To A Sustainable Business Model In The Apiary Industry," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 12(3), pages 159-170, December.
    14. López-Illán Beatriz & Ibarra-Michel Juan Pedro, 2017. "Environmental Sustainability Analysis as a Competitive Strategy in the Hotel Industry of Sinaloa, Mexico," Czech Journal of Tourism, Sciendo, vol. 6(2), pages 171-186, December.
    15. Wan Nurulasiah binti Wan Mustapa & Abdullah Al Mamun & Mohamed Dahlan Ibrahim, 2018. "Development Initiatives, Micro-Enterprise Performance and Sustainability," IJFS, MDPI, vol. 6(3), pages 1-15, August.
    16. Mariana Man & Maria-Mădălina Bogeanu-Popa, 2020. "Impact of Non-Financial Information on Sustainable Reporting of Organisations’ Performance: Case Study on the Companies Listed on the Bucharest Stock Exchange," Sustainability, MDPI, vol. 12(6), pages 1-15, March.
    17. Madalina ALBU, 2018. "Relevance Of Economic-Financial Diagnosis In Sustainable Development Of Business," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 3(1), pages 112-120.
    18. H. Trollman & J. A. Colwill, 2020. "A Transformational Change Framework for Developing Ecologically Embedded Manufacturing," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 21(4), pages 341-368, December.
    19. Jiayi Lyu & Wanxing Jiang, 2023. "Internationalization Pace, Social Network Effect, and Performance among China’s Platform-Based Companies," Sustainability, MDPI, vol. 15(10), pages 1-21, May.
    20. Ioannis Fasoulis & Rafet Emek Kurt, 2019. "Embracing Sustainability in Shipping: Assessing Industry’s Adaptations Incited by the, Newly, Introduced ‘ triple bottom line ’ Approach to Sustainable Maritime Development," Social Sciences, MDPI, vol. 8(7), pages 1-20, July.

    More about this item

    Keywords

    sustainable business; competitiveness; Romanian companies; environment;
    All these keywords.

    JEL classification:

    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:brc:journl:v:34:y:2016:i:4:p:176-181. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dan MICUDA (email available below). General contact details of provider: http://www.univcb.ro/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.