Developing an Integrated Monitoring and Evaluation Flow for Sustainable Investment Projects

Under the circumstances of certain weaknesses in the monitoring and evaluation processes of sustainable investment projects, the paper aims to develop a general integrated flow, encompassing both a project monitoring system and also a project evaluation system for the investment projects involving economic objectives, as well as cross-cutting social and environmental targets. The whole approach is being presented as a flowchart, which highlights the intimate relationship between the monitoring and evaluation processes, and provides a formal framework for performing a logical monitoring and evaluation process, taking into account simultaneously the economic, social and environmental perspectives, within an investment project. Last, but not least, the article states both the estimated advantages and the disadvantages of such a managerial tool, opening new perspectives for developing further improved models and systems.evaluation, flow, investment projects, monitoring, sustainability.

QUANTIFYING SOCIAL OBJECTIVES AIMING POLLUTION CONTROL – AN ECONOMIC PERSPECTIVE UPON STRATEGIC MANAGEMENT AND PROJECT MANAGEMENT

The paper aims to emphasize certain methods and modern instruments used for quantifying the economic impact of setting-up either pollution control or environment protection related social objectives, in the context of strategic management and project management processes carried out within economic organizations. The paper also underlines that setting-up social objectives in the field of pollution control and environment protection may lead to short-run tangible economic benefits for organizations, in addition to already known long-run benefits for society, consisting in quality improvements of the social life’s parameters.social objectives, pollution control, project management, strategic management, environment protection.

BUILDING THE NEW DIMENSION OF STRATEGIC CORPORATE SOCIAL RESPONSIBILITY: ENVIRONMENTAL LEADERSHIP

The paper aims to emphasize the role of environmental leadership as main option for combining the Corporate Social Responsibility (CSR) policy with the business goals and targets in order to satisfy both shareholders’ interests and social interests, in terms of profit, productivity and social awareness. Under these circumstances, the paper describes the way environmental leadership is being built and introduced in the organizational culture of a company, regardless of its size, becoming a very efficient and effective philosophy of managing people and achieving performance targets. Nowadays.environmental leadership, corporate social responsibility, strategy, business performance

Developing Ecologic Spin-Offs: Strategic Option for Achieving Performance in Energy Industries

The paper aims to emphasize the usefulness of applying an emergent concept in the economic literature (the ecologic spin-off) as main instrument for restructuring the national energy industry, under the circumstances of the increasing pressures provided both by the national and international environment, focused either upon the greenhouse gas emissions reduction or upon the active promotion of energy efficiency principles. The article highlights the fact that the mere existence of an energy market, assumed to operate similar to capital markets, where are supposed to be traded green certificates, may prove inefficient unless rigorous mechanisms for guiding the transition from the classic organization structure of the energy industry towards a new, modern and competitive organization model are being developed. In this context, the ecologic spinoffs may prove to be a main strategic option for ensuring the development of a competitive and efficient energy industry, very similar to the energy industries operating within most of the European Union member countries.spin-off, ecologic spin-off, energy sector, strategy, performance, efficiency, competitiveness.

Pro-active environmental strategies,main source of competitive advantage within economic organizations

Nowadays, contemporary organizations within Romanian economic environment are striving to reach the environmental and quality performance standards set up by the European Union, concerning the environmental protection and preservation. Under these circumstances, the organizations are highly recommended, especially those operating in high environmental impact economic sectors, to develop and implement proactive environmental strategies, as a main source to achieve a sustainable competitive advantage on the market. Developing such strategic instruments is more and more important as long as the reactive environmental strategies tend to become counter-performing within a challenging, dynamic and equilibrated competitive environment, which better describes the knowledge-based society.competitive advantage, environment legislation, environmental protection and preservation, environmental strategy, proactive strategy

The advantages of implementing an environmental management system within industrial clusters in knowledge-based economy

The necessity of differentiation within industrial-profile companies, correlated with the high importance granted to environmental problems, have led to the development of new ways of obtaining the competitive advantage ,within the knowledge-based economy. Thus, a new model of investment strategy, with a high degree of applicability, states the development of an exclusively environmental-focused industrial cluster, between large sized competing organisations, in order to implement an Environmental Management System.industrial cluster, Environmental Management System, competitive advantage

Consulting in Electronic Commerce

Economic development of electronic services provide advice and many agents of existing referral systems to recommend and provide products, information and customized views of the community through a personalized interaction in real time. Distributed systems of autonomous agents are becoming increasingly important in electronic comet because the basic decisions of agents advice on trust and reputation are taken in a similar way human society. If these decisions will be like a real consumer protection, when new aspects of online consumer legislation will become useful information in advice and consulting of electronic commerce

The link Between Stock Exchange Sectors and Indices: Implications During the COVID-19 Pandemic

The paper investigates the impact of the COVID-19 pandemic, using the event study approach for the Bucharest Stock Exchange, by which Bucharest Stock Indices and listed firms grouped by sectors were analyzed. The paper uses three important event days, 20 January 2020, 11 March 2020, and 15 March 2020. The findings demonstrate that initially investors were not concerned about the pandemic, showing that they did not realize the extent of globalization and transmission of events on financial markets. Both after 11 March and after 15 March 2020, stock indices have declined, investors becoming worried about the prospects of their dividends and the stock liquidity. The most affected sectors were those related to metallurgical industry, IT&C. After the lockdown, there was a reversal for some sectors like pharmaceutical and biotechnology, electricity production, transportation and distribution, and IT&C. Understanding the intensity and direction of the link between some sectors and indices may influence investment strategies and help in hedging, especially in times of pandemics