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.