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Management of nonprofit organizations is characterized by several
distinctive aspects in relation to human resources, communications,
strategic planning and the fallacy of using profitability as an
indicator of success. This book examines the challenges facing
nonprofit organizations, particularly with regard to collaboration,
trust and innovation.
Nonprofit organizations form a substantial part of the economy in
all countries. Management of nonprofit organizations is
characterized by a number of distinctive aspects in relation to
human resources, communications, and strategic planning and the
inappropriateness of using profitability as the indicator of
success. In recent years there has been emphasis upon developing a
consistent mission and set of values. This book focuses upon the
challenges facing nonprofit organizations, particularly with regard
to collaboration, trust and innovation.
The book at hand aims to investigate the correlation between the
creation of social and economic value. The main theoretical
perspectives considered are Corporate Social Responsibility (CSR),
Social Value, Stakeholder Theory and Social Entrepreneurship. The
research is based on a sample of ten companies in the oil industry
over the period 2000-2009. It shows that in this sector there is
definitely a positive correlation between the creation of economic
and social value. This conclusion can be extended to sectors
characterized by similar conditions and due to the evolution of the
economic and social context, more and more sectors will have to
face the same issue. Room for further research is left to
demonstrate that other sectors characterized by social and
environmental impacts face the same situation. The analysis should
help shed some light on the importance of creating social value,
and should be especially useful to business executives and policy
makers interested in the correlation between the creation of social
and economic value. All of Alexandru Ciherean's proceeds from the
sale of this book will be donated to Fundacion Alda.
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