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Determining Factors Of Economic, Social And Environmental Performance

Author

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  • Valentina Dorina BOGDAN

    (West University of Timisoara, Faculty of Economy and Business Administration Romania)

Abstract

Analyzing the current state of knowledge with respect to the three directions, this paper aims to identify the determining factors of economic, social and environmental performance and the manner in which the indicators reflected by these factors influence the overall performance of the organization, in order to identify the most important factors and indicators that provide a durable and sustainable growth of global performance. The emergence of the sustainable development and sustainability concepts has forced companies to reassess their approach of measuring organizational performance. If sustainable development consists of three components: economic prosperity, social equity and environmental integrity, all of which being closely correlated, the performance of a component is influencing the performances of the other two. A business can be defined as sustainable, if it manages to meet stakeholders’ needs without compromising its future ability to meet its own needs.

Suggested Citation

  • Valentina Dorina BOGDAN, 2015. "Determining Factors Of Economic, Social And Environmental Performance," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 8, pages 117-125, June.
    • Handle: RePEc:cmj:seapas:y:2015:i:8:p:117-125
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    More about this item

    Keywords

    determining factors; performance; performance indicators;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • M19 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Other

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