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Managerial Innovation: A Premise For Company’S Strategy Adaptation To The Characteristics Of Sustainable Development

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  • Ciumara, Tudor

    (Centre of Financial and Monetary Research “Victor Slăvescu”, Romanian Academy)

Abstract

This paper presents a perspective on the current situation of sustainable development in relation to companies‟ strategies and the role that management innovation may have to improve this situation. Starting with a brief analysis of the concept of sustainable development, we link it to the firms' strategies, emphasizing the essential elements of this relationship: the time horizon, the calculation of the output of the company and the company's global orientation. We conclude that new management mechanisms are necessary to enable a better integration of these elements in firms' strategies.

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File URL: ftp://www.ipe.ro/RePEc/vls/vls_pdf/vol16i3p144-157.pdf
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Bibliographic Info

Article provided by Centre of Financial and Monetary Research "Victor Slavescu" in its journal Studii Financiare (Financial Studies).

Volume (Year): 16 (2012)
Issue (Month): 3 ()
Pages: 144-157

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Handle: RePEc:vls:finstu:v:16:y:2012:i:3:p:144-157

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Related research

Keywords: strategy; company; sustainable development; management; managerial innovation;

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  1. Bulow, Jeremy, 1986. "An Economic Theory of Planned Obsolescence," The Quarterly Journal of Economics, MIT Press, vol. 101(4), pages 729-49, November.
  2. Waldman, Michael, 1993. "A New Perspective on Planned Obsolescence," The Quarterly Journal of Economics, MIT Press, vol. 108(1), pages 273-83, February.
  3. Jonathan M. Harris, 2001. "Basic Principles of Sustainable Development," Development and Comp Systems 0106006, EconWPA.
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