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

  • Ciumara, Tudor

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

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