DETERMINING FACTORS OF ECONOMIC, SOCIAL AND ENVIRONMENTAL PERFORMANCE

Valentina Dorina Bogdan
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Valentina Dorina Bogdan: West University of Timisoara, Faculty of Economy and Business Administration Romania

SEA - Practical Application of Science, 2015, issue 8, 117-125

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.

Keywords: determining factors; performance; performance indicators (search for similar items in EconPapers)
JEL-codes: D22 M10 M19 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:cmj:seapas:y:2015:i:8:p:117-125

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