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Economic Indicators Used in the Holistic Management of Ecological Agricultural Entities

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  • Cornel Dumitru CRECANÃ

    (The Bucharest University of Economic Studies, Romania)

Abstract

The paper begins with a review of theoretical concepts including a conceptual delimitation of the terms Holistic management and sustainable development. Aim of the work is to emphasize the importance of the transition from an economy focused on obtaining maximum profits in a responsible economy, which prioritizes basic maintenance of ecological balance. Under these conditions, economics in general and particularly economic and financial analysis must fundamentally rethink traditional concepts of economic viability and profitability in the economy, by considering the fundamental causes capable of destroying ecosystem restoration capacity. The innovative character of such a theoretical-methodological approach is limited only by the possibility of implementation at the macroeconomic and microeconomic level. It is noteworthy, however, increasing research activities in this field of holistic management and sustainable development, literature study clearly reflects a new direction in the economy, the paradigm shift is expected by all professionals, but was seriously hampered by the financial crisis. Starting from these considerations, I propose in this paper, introducing a some economic indicators for measure the economic viability and economic profitability in the ecological agricultural entities, justifying the need for, and practical possibilities to implement in economic analysis and fiscal management economic entities.

Suggested Citation

  • Cornel Dumitru CRECANÃ, 2012. "Economic Indicators Used in the Holistic Management of Ecological Agricultural Entities," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 13(5), pages 811-822, December.
  • Handle: RePEc:rom:rmcimn:v:13:y:2012:i:5:p:811-822
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    File URL: https://rmci.ase.ro/no13vol5/10.pdf
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    References listed on IDEAS

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    1. Marian NASTASE & Marius GIUCLEA & Oliviana BOLD, 2012. "The Impact of Change Management in Organizations – a Survey of Methods and Techniques for a Successful Change," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 13(1), pages 5-16, March.
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    More about this item

    Keywords

    holistic management; sustainable development; income tax; fiscal management; shareholder return; profitability; market share;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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