Integration of Social Responsibility in Business Strategies of the Romanian Organizations. A Study in the West Region Cover Image

Integrarea responsabilitatii sociale in strategiile de afaceri ale organizatiilor romanesti. Un studiu in regiunea de vest
Integration of Social Responsibility in Business Strategies of the Romanian Organizations. A Study in the West Region

Author(s): Marius Pantea, Valentin P. Munteanu, Petru Stefea
Subject(s): Economy
Published by: Editura Economica
Keywords: corporate strategy; social responsibility; organizational culture; stakeholders.

Summary/Abstract: Organizations Social Responsibility (or CSR – Corporate Social Responsibility) represents a new way „to make business” in the new European economic framework. An increasing number of contemporary companies decide, voluntarily, to contribute to a better society and a cleaner environment. Their strategies include social responsibility as an answer to a variety of social, economic and environmental pressures. These companies aim to transmit a signal towards all the stakeholders: employees, shareholders, investors, customers, providers, public authorities, and non – governmental organizations. Therefore, CSR is a concept which has modified the strategy of many companies. In this paper, the authors attempt a qualitative study of a large number of companies from western region of Romania. The study seeks an answer to a precise question: is CSR known and applied in the Romanian business environment? Our work is focused on four dimensions of CSR: human resource management, relations with stakeholders, community and human rights, environment. Starting from these points, the authors propose a multicriterial model for CSR measurement.

  • Issue Year: 2006
  • Issue No: 2
  • Page Range: 73-88
  • Page Count: 16
  • Language: Romanian