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Managerial Innovation: A Premise For Company’S Strategy Adaptation To The Characteristics Of Sustainable Development

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  • Ciumara, Tudor

    (Centre of Financial and Monetary Research “Victor Slăvescu”, Romanian Academy)

Abstract

This paper presents a perspective on the current situation of sustainable development in relation to companies‟ strategies and the role that management innovation may have to improve this situation. Starting with a brief analysis of the concept of sustainable development, we link it to the firms' strategies, emphasizing the essential elements of this relationship: the time horizon, the calculation of the output of the company and the company's global orientation. We conclude that new management mechanisms are necessary to enable a better integration of these elements in firms' strategies.

Suggested Citation

  • Ciumara, Tudor, 2012. "Managerial Innovation: A Premise For Company’S Strategy Adaptation To The Characteristics Of Sustainable Development," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 16(3), pages 144-157.
    • Handle: RePEc:vls:finstu:v:16:y:2012:i:3:p:144-157
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    References listed on IDEAS

    as
    1. Delyse Springett, 2003. "Business conceptions of sustainable development: a perspective from critical theory," Business Strategy and the Environment, Wiley Blackwell, vol. 12(2), pages 71-86, March.
    2. Jonathon M. Harris, "undated". "Basic Principles of Sustainable Development," GDAE Working Papers 00-04, GDAE, Tufts University.
    3. Jeremy Bulow, 1986. "An Economic Theory of Planned Obsolescence," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 101(4), pages 729-749.
    4. Thomas Dyllick & Kai Hockerts, 2002. "Beyond the business case for corporate sustainability," Business Strategy and the Environment, Wiley Blackwell, vol. 11(2), pages 130-141, March.
    5. Harris, Jonathan M., 2000. "Basic Principles of Sustainable Development," Working Papers 15600, Tufts University, Global Development and Environment Institute.
    6. Pratima Bansal, 2005. "Evolving sustainably: a longitudinal study of corporate sustainable development," Strategic Management Journal, Wiley Blackwell, vol. 26(3), pages 197-218, March.
    7. Michael Waldman, 1993. "A New Perspective on Planned Obsolescence," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 108(1), pages 273-283.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    strategy; company; sustainable development; management; managerial innovation;
    All these keywords.

    JEL classification:

    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
    • L19 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Other
    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

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