SOCIALLY RESPONSIBLE BUSINESS WITH REFERENCE TO AGRICULTURAL FARMS
The aim of this paper is to show that business entities that apply ethical principles in their business, gain a good reputation on the market and trust in the quality of their product. Thus, it is known that the business entity is responsible, which enables it to fulfill the basic goal of business,...
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| Format: | Article |
| Language: | English |
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Naučno društvo agrarnih ekonomista Balkana, Beograd; Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt
2023-12-01
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| Series: | Ekonomika Poljoprivrede (1979) |
| Subjects: | |
| Online Access: | https://ea.bg.ac.rs/index.php/EA/article/view/2261 |
| _version_ | 1797378032943497216 |
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| author | Ljiljana Rajnović Tamara Vujić Milan Vujić |
| author_facet | Ljiljana Rajnović Tamara Vujić Milan Vujić |
| author_sort | Ljiljana Rajnović |
| collection | DOAJ |
| description |
The aim of this paper is to show that business entities that apply ethical principles in their business, gain a good reputation on the market and trust in the quality of their product. Thus, it is known that the business entity is responsible, which enables it to fulfill the basic goal of business, which is to make a profit. The subject of research in this paper is the impact of socially responsible business on the market position of business entities. The authors specifically investigated the application and impact of socially responsible business rules on the position of agricultural farms in the territory of the municipality of Ruma. The instruments used in this research are a survey of farm owners and other stakeholders, an extensive literate review and a method of comparative analysis. The results of the research show that compliance with the rules of business ethics, in the long term, brings more profit to the business entity, so compliance with those standards is becoming more and more universal. That is why agricultural producers follow the rules of socially responsible business. The authors concluded that the social responsibility of business entities is an ethical demand that society places on them, a correlation with two demands that they are already faced with: economic - gaining profit and legal.
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| first_indexed | 2024-03-08T20:01:01Z |
| format | Article |
| id | doaj.art-45f8ac59d5834956b2eecd98a52c65e2 |
| institution | Directory Open Access Journal |
| issn | 0352-3462 2334-8453 |
| language | English |
| last_indexed | 2024-03-08T20:01:01Z |
| publishDate | 2023-12-01 |
| publisher | Naučno društvo agrarnih ekonomista Balkana, Beograd; Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt |
| record_format | Article |
| series | Ekonomika Poljoprivrede (1979) |
| spelling | doaj.art-45f8ac59d5834956b2eecd98a52c65e22023-12-23T19:53:45ZengNaučno društvo agrarnih ekonomista Balkana, Beograd; Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, BukureštEkonomika Poljoprivrede (1979)0352-34622334-84532023-12-0170410.59267/ekoPolj23041089RSOCIALLY RESPONSIBLE BUSINESS WITH REFERENCE TO AGRICULTURAL FARMS Ljiljana Rajnović0Tamara Vujić1Milan Vujić2Institute of Agricultural Economics, Belgrade, Volgina 15, SerbiaLecturer at the Academy of Applied Studies – The College of Hotel Management, Kneza Viseslava 70, Belgrade, SerbiaAcademy for Applied Studies Belgrade, The College of Hotel Management, Street Kneza Viseslava no. 70, 11030 Belgrade, Serbia The aim of this paper is to show that business entities that apply ethical principles in their business, gain a good reputation on the market and trust in the quality of their product. Thus, it is known that the business entity is responsible, which enables it to fulfill the basic goal of business, which is to make a profit. The subject of research in this paper is the impact of socially responsible business on the market position of business entities. The authors specifically investigated the application and impact of socially responsible business rules on the position of agricultural farms in the territory of the municipality of Ruma. The instruments used in this research are a survey of farm owners and other stakeholders, an extensive literate review and a method of comparative analysis. The results of the research show that compliance with the rules of business ethics, in the long term, brings more profit to the business entity, so compliance with those standards is becoming more and more universal. That is why agricultural producers follow the rules of socially responsible business. The authors concluded that the social responsibility of business entities is an ethical demand that society places on them, a correlation with two demands that they are already faced with: economic - gaining profit and legal. https://ea.bg.ac.rs/index.php/EA/article/view/2261socially responsible businessstakeholdersinterest of stateeffects of moral requirementsbusiness success |
| spellingShingle | Ljiljana Rajnović Tamara Vujić Milan Vujić SOCIALLY RESPONSIBLE BUSINESS WITH REFERENCE TO AGRICULTURAL FARMS Ekonomika Poljoprivrede (1979) socially responsible business stakeholders interest of state effects of moral requirements business success |
| title | SOCIALLY RESPONSIBLE BUSINESS WITH REFERENCE TO AGRICULTURAL FARMS |
| title_full | SOCIALLY RESPONSIBLE BUSINESS WITH REFERENCE TO AGRICULTURAL FARMS |
| title_fullStr | SOCIALLY RESPONSIBLE BUSINESS WITH REFERENCE TO AGRICULTURAL FARMS |
| title_full_unstemmed | SOCIALLY RESPONSIBLE BUSINESS WITH REFERENCE TO AGRICULTURAL FARMS |
| title_short | SOCIALLY RESPONSIBLE BUSINESS WITH REFERENCE TO AGRICULTURAL FARMS |
| title_sort | socially responsible business with reference to agricultural farms |
| topic | socially responsible business stakeholders interest of state effects of moral requirements business success |
| url | https://ea.bg.ac.rs/index.php/EA/article/view/2261 |
| work_keys_str_mv | AT ljiljanarajnovic sociallyresponsiblebusinesswithreferencetoagriculturalfarms AT tamaravujic sociallyresponsiblebusinesswithreferencetoagriculturalfarms AT milanvujic sociallyresponsiblebusinesswithreferencetoagriculturalfarms |