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Sustainable Development Through Global Performance

Author

Listed:
  • Pintea Mirela-Oana

    („Babeº-Bolyai” University of Cluj-Napoca)

  • Achim Monica-Violeta

    („Babeº-Bolyai” University of Cluj-Napoca)

Abstract

Sustainable development is the macroeconomic concept of global performance. The three pillars of sustainable development, namely economic, environmental and social can be found at the level of a company through its overall performance. So, nowadays we can’t speak only of financial performance without mentioning the social and environmental performance. A company reaches its goal of performance not only if achieves its financial (economic) goals but also if is simultaneously responsible regarding its employees, customers and the community in which it operates. Sustainable development is a way in which we perform the everyday activity, a way to act to ensure a balance between the limits imposed by the environment, the needs of present and the future needs. Referring mainly to economic entities we define sustainable development as a new philosophy of development, to assure business sustainability in a turbulent and constantly evolving environment.

Suggested Citation

  • Pintea Mirela-Oana & Achim Monica-Violeta, 2011. "Sustainable Development Through Global Performance," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 1662-1667, May.
    • Handle: RePEc:ovi:oviste:v:11:y:2011:i:1:p:1662-1667
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    More about this item

    Keywords

    sustainable development; global performance; social responsibility; environmental performance.;
    All these keywords.

    JEL classification:

    • G39 - Financial Economics - - Corporate Finance and Governance - - - Other

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