Background: The incorporation of corporate social responsibility (CSR) into the business strategy of construction firms boosts their corporate reputation, while at the same time reduces the risk and the external pressure for minimizing a negative societal footprint. Objectives: This study aims to determine the current state of CSR in the Croatian construction industry, in terms of knowing and practicing, and to offer a collaborative strategic view as a viable CSR approach. Methods/Approach: A survey research among large Croatian construction companies regarding CSR in the context of collaboration with stakeholders was carried out and the results were analyzed using the multidimensional unfolding procedure. Results: Results show that for the Croatian construction companies CSR activities are important, but they are not widely seen as a benefit to overall business strategies yet. Conclusions: Results of the research could be helpful to construction firms in the efficient and effective stakeholder engagement, as well as in the development of the calibrated CSR strategy.
The power of intangible corporate assets, on disposal to board and management provide immense possibilities to enhance corporate performance. Dynamic capabilities and corporate reputation are the most salient of a kind, beside knowledge. While the relevant literature about both phenomena is ample, their synergic impact on the corporate performance is lacking. The main challenge of the paper is to seal this important gap by proposing an integrated framework of dynamic capabilities and corporate reputation. In particular, by examining the mediating role of corporate reputation in corporate interactions, the reputational capability is shaped to enhance the corporate sensibility to changes in its operating ecosystem, prior to its competition, therefore assuring corporate fitness. This new breed of dynamic capability is designed as a driver of the firm’s market and non-market based competitiveness. In order to empirically verify this new mechanism, the research results conducted in Croatia are presented. The model is designed as generic in nature, hence is suitable for applying to other intangible corporate assets and dynamic capabilities interaction analysis
The papers in this issue will be welcomed by experts in the field, academic researchers, and practitioners alike, since they provide insightful findings that may also trigger future research here revealing and discussing new trajectories to solve challenges that corporate governance discipline and boards are facing
The exhibition and business events industry has felt the negative impact of the COVID-19 pandemic most directly, as evidenced by the mass cancellations of business events, i.e., their transformation into virtual or hybrid forms. The paper analyses to what extent the pandemic has influenced all aspects of Croatian business events and the exhibition industry. It conveys the results of the Global Recovery Insights 2020 study undertaken by UFI, and the Global Association of the Exhibition Industry (hereinafter UFI) as well. Despite some weakening trends present in many countries and large markets, the industry is still a highly impactful one, particularly economically. To compare global occurrences and behaviour trends with the national practice, expectations, and future behaviour, we researched exhibitors at trade fairs in Croatia. The research results revealed that the crisis has accelerated the transformation of the exhibition and business events industry in terms of recognizing the benefits of digitalization, but also identified a paradox: reinforcing the desire and preference of exhibitors for live events. Socialization and the social aspect of networking, i.e., face-to-face meetings and communication remain an irreplaceable need, both for the exhibition and events industries in Croatia, which is analogous to global trends. Virtual, and especially hybrid events, have the potential to enhance user experience and attract a new, digitally native generation of users. Even though live events are still the first choice for exhibitors and sponsors, the hybrid mode is here to stay. Therefore, the global COVID-19 crisis emphasizes the need for redesign of the business event and exhibition industry business model, as well.
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