RESPONSIBLE MANAGEMENT FOR SUSTAINABLE DEVELOPMENT: A JAPANESE APPROACH

Sorin-George Toma and Catalin Gradinaru
Additional contact information
Sorin-George Toma: FACULTY OF ADMINISTRATION AND BUSINESS, UNIVERSITY OF BUCHAREST
Catalin Gradinaru: FACULTY OF ADMINISTRATION AND BUSINESS, UNIVERSITY OF BUCHAREST

Annals - Economy Series, 2018, vol. 3, 149-154

Abstract: There is a growing recognition of the positive effects the activities carried on by conscious and responsible companies have on various stakeholders such as employees, customers, business partners, investors, shareholders, governments, communities, and the environment. This is why corporate management has understood that long-term business success is based on the establishment and development of good relationships with a wide range of stakeholders. In recent decades, the debate about the need for responsible management has risen above average and an impressive amount of literature on this topic has emerged. Business managers increasingly understand that engaging in the sustainability issue brings benefits to companies, the environment and to society as a whole. The purposes of the paper are to present -based on an extended literature review- the concepts of responsible management and sustainable development and to exemplify their relationship in the case of a Japanese company. In order to achieve such ends, the authors have used a quantitative research method. The paper demonstrates that there is a relationship between these two concepts. First, responsible management and sustainable management represent multidimensional concepts that encompass not only an economic dimension, but also a social dimension and an environmental dimension. Second, both concepts involve a wide range of duties and obligations assigned to various actors such as governments, multinational corporations or small companies. Also, it shows that responsible management contributes to sustainable development in a multitude of ways.

Keywords: responsible management; sustainable development; company; Toyota Motor Corporation (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.utgjiu.ro/revista/ec/pdf/2018-03/21_Toma.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2018:v:3:p:149-154

Access Statistics for this article

More articles in Annals - Economy Series from Constantin Brancusi University, Faculty of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Ecobici Nicolae ( this e-mail address is bad, please contact ).