Criteria for Excellence in Business

The Link Between Competitiveness And Sustainability Of Enterprises

“…Economic responsibility is the framework for financial and management decisions. Environmental responsibility implies the human and process impact on the environment Ghicajanu et al, 2014). Social responsibility refers to interaction with society, interactions between institutions and individuals, human values, human resource development, human resource security, well-being and ethics (Seliger, 2012 …”

“…The concept expresses the ability of individuals, organizations, clusters, regions or economies to remain in national and / or international competition for higher financial results (Aiginger, 2006). For the company, competitiveness underlines its ability to increase profits in the markets it operates in, as organizations seek strategies to adapt to current business conditions and try to identify their competitiveness factors: marketing mix, positioning of the organization, technologies Ghicajanu et al, 2014).…”

Implementation of Business Excellence Model in Cluster Environment

“…This considers an organization's environment, key working relationships, and strategic situation -including competitive environment, strategic challenges and advantages, and performance improvement system [3]. Excellent companies are characterized by excellent financial and economic results compared to the good results of the good companies in the same industry, while having the same opportunities and similar resources [1]. A growing stream of research highlights the importance of adopting management practices that have been successful in leading organizations [3].…”

“…It presents a complex approach from an economically, technically and socially point of view. In today's business environment there are more and more concerns from major companies to focus on elements that bring them the business excellence rating [1].…”

“…Moreover, in specialized literature, this is really how the term "business excellence" is understood for companies, as being those companies that perform exceptional long term if not for life, not the companies that perform exceptional good in one year or in a short period of time [1].…”