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Business Models Based on Corporate Social Responsibility: the Case of Global Pharmaceutical Companies

Author

Listed:
  • Toma Sorin-George

    (Faculty of Administration and Business, University of Bucharest)

  • Marinescu Paul

    (Faculty of Administration and Business, University of Bucharest)

Abstract

In the past century, the business models were focused on providing a basic product at a low/very low cost, then charging excessive amounts of money for refills or for associated products/services. In the 21st century, the business models have to take into account not just the new technologies, but also the social responsibility issue. The aims of our paper are to present in brief the concepts of business model and of corporate social responsibility (CSR), and to highlight the emergence of the business models based on CSR in the global pharmaceutical industry. The methodological approach is based on the literature review.

Suggested Citation

  • Toma Sorin-George & Marinescu Paul, 2012. "Business Models Based on Corporate Social Responsibility: the Case of Global Pharmaceutical Companies," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 1221-1225, May.
  • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:12:p:1221-1225
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    More about this item

    Keywords

    business models; corporate social responsibility; pharmaceutical companies;
    All these keywords.

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M19 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Other

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