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Business Organizations’ Positive Socio-Economic Impact on Society - a Step Beyond CSR

Author

Listed:
  • Mirela POPA

    (Babe?-Bolyai University, Romania)

  • Irina-Iulia SALAN?Ã

    (Babe?-Bolyai University, Romania)

Abstract

In this article the authors argue the necessity of taking a step beyond CSR and tackling the issue of measuring the impact businesses have on society, in general. Even if CSR points out the idea that organizations have responsibilities regarding the well-being of the entire society, it has certain limitations listed in this article. Furthermore, the authors briefly present the socio-economic impact of business organizations including (1) some basic concepts, (2) the most relevant areas/fields for measuring the impact, and (3) the main advantages regarding the development and implementation of effective impact measurement practices. The general purpose of the empirical study refers to the identification of perceptions related to the Romanian business organizations’ socio-economic impact. In this regard, we set the following main objectives: (1) identifying the extent to which Romanian organizations undertake a process of measuring, assessing and managing their impacts on society, (2) analyzing clients, managers and owners’ perceptions regarding the positive impact of seven Romanian organizations’ activities, and (3) identifying the perceptional differences between clients and managers plus owners. The empirical results show that in the managers’ plus owners’ opinions the areas in which the organization’s activities always or almost always have a positive impact are: collecting and paying taxes, keeping a strict control over the costs, and fulfilling government regulations plus obeying laws. The highest differences in clients’ and managers’ plus owners’ perceptions refer to creating jobs and improving people’s personal security and the general well-being of society.

Suggested Citation

  • Mirela POPA & Irina-Iulia SALAN?Ã, 2015. "Business Organizations’ Positive Socio-Economic Impact on Society - a Step Beyond CSR," Economia. Seria Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 18(2), pages 244-263, December.
    • Handle: RePEc:rom:econmn:v:18:y:2015:i:2:p:244-263
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    References listed on IDEAS

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    More about this item

    Keywords

    construction field; CSR; SMEs; socio-economic impact; stakeholder.;
    All these keywords.

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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