Responsible Management in the Framework of Market Economy

Benedek, A. and Takácsné György, Katalin (2014) Responsible Management in the Framework of Market Economy. Współczesne Zarządzanie, 13 (3). pp. 8-20. ISSN 1643-5494

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Abstract

Background . It is more and more evident that long-term sustainable management cannot be carried out based only on financial data. Corporations operating in a market economy environment do not only aim at profit maximization as they have already realized that the ir performance depends on the sustainability of the environment and society. Financial motivations are the engine of corporate management, however, corporations c an still serve common wealth. Capitalism offers ever so many possibilities, opportunities f or corporations to be socially responsible. Research aim . This study was carried out to examine the CSR attitudes and commitments of the management of a corporation operating in the capitalist environment as well as to study their exact CSR practices. Method . The research is based on the questionnaire carried out among domestically and internationally owned SMEs in Hungary. The so-called snowball sample method was u sed. Key findings. The study attempts to find and reveal the reasons for the gap between the manager attitude and CSR practice based on the VoC.

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