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SOCIAL RESPONSIBILITY AND CORPORATE CITIZENSHIP IN THE 21th CENTURY

Author

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  • Sorin George Toma

    (Bucharest University)

Abstract

The emergence and evolution of globalization have produced major changes not only in the economy, but also in society and environment. In the 21st century, today’ s companies are increasingly operating at a global scale. They have to act locally and think globally. Today’ s companies are facing higher expectations from society and stakeholders. This is why, they must assume multiple responsibilities both locally and globally. Besides their economic responsibility, social and environmental responsibility has become a key element of their business success. The best-run companies are aware of the importance of the three main dimensions of sustainability in the 21st century: social sustainability, environmental sustainability and economic sustainability. In this respect incorporating social responsibility into the corporate strategies and policies represents a major concern for all kinds of companies. Derived from corporate social responsibility, the concept of corporate citizenship has become a main issue in the business literature. Corporate citizenship is about companies taking into account the impacts of their products and/or services and activities on the society and the environment. More and more people, groups and NGO are calling on businesses to be good citizens. A responsible corporate citizenship imposes an ethical behavior upon companies and represents a main factor in obtaining business success.

Suggested Citation

  • Sorin George Toma, 2008. "SOCIAL RESPONSIBILITY AND CORPORATE CITIZENSHIP IN THE 21th CENTURY," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 10(23), pages 80-85, February.
    • Handle: RePEc:aes:amfeco:v:10:y:2008:i:23:p:-80-85
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    Citations

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    Cited by:

    1. Gabriela ANDRISAN & Andra MODREANU, 2023. "The Role Of Innovation In A Sustainable Business Model: The Case Of Allegorie," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 8(1), pages 6-13.
    2. Loredana Nicoleta Zainea & Sorin-George Toma & Dragoș Tohănean, 2019. "Volunteering, A Skills Incubator for Future Organizations," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 205-211, December.
    3. Sorin-George Toma, 2023. "The Evolution of the World Motor Vehicle Production in the Period 2018-2022," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 175-179, December.
    4. Sorin-George TOMA, 2023. "Whisky, A Tasty Business," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 8(3), pages 28-34.
    5. Andra MODREANU & Gabriela ANDRISAN & Magdalena PLATIS, 2023. "Corporate Social Responsibility Leadership," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 8(2), pages 25-36.
    6. Toma Sorin-George & Gradinaru Catalin & Modreanu Andra, 2023. "The Evolution Of The Digital Economy In Romania In The Period 2019-2022," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 6, pages 205-210, December.
    7. Modreanu Andra & Toma Sorin-George & Gradinaru Catalin, 2023. "A Different Approach Towards Social Media: Chinese Young Consumers Behaviour Insights," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 6, pages 227-233, December.
    8. Sorin-George TOMA, 2023. "Enzo Ferrari, A Successful Industrialist And Entrepreneur," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 8(2), pages 125-131.
    9. Andra Modreanu & Gabriela Nicoleta Andri?an, 2022. "Understanding Employees Needs Through Corporate Social Responsibility," Management Strategies Journal, Constantin Brancoveanu University, vol. 56(2), pages 118-126.
    10. Tohanean Dragos & Sangeorzan Livia, 2023. "From Tradition To Transformation: The Role Of Digitalization In Advancing Business Model Innovation," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 6, pages 242-250, December.

    More about this item

    Keywords

    social responsibility; corporate citizenship; business ethics; company; sustainability; globalization;
    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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