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Author: Florentina Șușnea, Managing Partner, PKF Finconta
Today everything is happening in the network. The interconnections between its nodes increase exponentially to the benefit of those who make it. Companies interested only to thank their shareholders miss the opportunity to connect to the network. The shareholders are just a node - the network is also made up of employees, consumers, suppliers, the environment and the entire community. Therefore, the company must take into account the aspirations of all stakeholders, beyond direct investors.
The principle that for a company its own interests should go beyond the immediate profit goal, for the benefit of a higher purpose, is very debated. After overcoming the scoping stage as an aspiration to inspire and call for action, now companies are entering the stage of defining the goal according to a wider conception.
It is man-centered, and the company becomes socially committed to the goal, which aims to create value for many stakeholders. While many organizations seek to identify their values and purpose, to clarify the theme, I propose to define this new and deeper articulation of intent the following five points of analysis:
These five forces show that many employees, customers, investors, communities and other stakeholders are deeply questioned about the role of companies in their communities. While change is an immutable feature of life and business, technology and science accelerate the pace and scale of change more than ever. Understanding the main purpose of an organization's existence by correlating with the evolution of the world is a constructive way to address growth.
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About PKF Finconta
For more than 24 years, PKF Finconta is one of the 10 leading professional services companies in Romania. Since 2006, we are a member of PKF International Limited. PKF International is a leading international business advisory organization. The company grew consistently over the years, forming a Group of four companies: PKF Finconta, PKF FincontaConsultanta, PKF Finconta HR and Finconta Consulting SPRL, members of national professional organizations CECCAR, CAFR, CCFR, and UNPIR. We provide a wide range of business advisory and related specialist services. We have seven core areas of expertise and within these areas, we tailor our services to your business and your needs: audit, corporate finance, tax, bookkeeping and accounting advisory services, transfer pricing, payroll and personnel administration, and insolvency.