Perspectives of Responsible Management in Today’s VUCA World

Abstract

The future of human society has to take into account on the one hand, the natural requirements of the society as a whole, and, on the other hand, the influences generated by economic, social, informational factors but also in relation to the environment. Therefore, the future is seen and described in relation to the need to create the conditions for achieving sustainable development goals. The unpredictable evolution and uncertainties of recent years explain the need to include in the decisions of organizations, responsibly applied approaches. In order to achieve and maintain a balance between the interests of various actors on a global scale, it is necessary to practice responsible management, which deals with both the management of current critical issues worldwide, but also in relation to the need to ensure living conditions and the prosperity of future generations. Thus, as an adequate response of companies and organizations of various types to these complex challenges is integrated as a defining element of business strategies a principle of responsible management called social responsibility. This means that, through the elaborated decisions, these companies have to find a way of treatment balanced between the fulfillment of their own financial objectives and the social obligation of the contributions of these entities to the sustainable development of the economy in which they operate. This results, in fact, in the large-scale development and implementation of the concept of corporate social responsibility (CSR). On the other hand, the functioning of all companies in the realities of the present times, characterized by volatility, uncertainty, complexity & ambiguity (VUCA) requires significant efforts and resources on their part, so that, by collecting an important and comprehensive volume of data, there is the possibility of generating reliable forecasts.

Citation

Popescu, C., Hysa, E. and Panait, M. (2022), "Perspectives of Responsible Management in Today’s VUCA World", Akkaya, B., Guah, M.W., Jermsittiparsert, K., Bulinska-Stangrecka, H. and Kaya, Y. (Ed.) Agile Management and VUCA-RR: Opportunities and Threats in Industry 4.0 towards Society 5.0, Emerald Publishing Limited, Leeds, pp. 57-71. https://doi.org/10.1108/978-1-80262-325-320220005