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Creativity, Innovation and the Perspectives of Management

  • Page: 71
  • Authors: Paul MARINESCU, Ionut CONSTANTIN, Sorin-George TOMA
  • Abstract: This paper aims to analyse the perspectives of management starting from the current challenges and the future environmental conditions. Business models will facilitate the disappearance of the border between professional and personal life and companies will consider the improvement plan regarding the welfare of the employees and improvement measures for the monitoring, control and evaluation processes to help boost performance. Thus, the importance of the share capital and the interpersonal relationships will increase, and the human resources departments will redefine their priorities given the fact that it will be possible for the organizational network of tomorrow to be made up of employees belonging to a global network. Therefore, companies’ employees will take courses and programmes regarding the learning and development of the organizational culture, and the companies’ management will have permanent access to the evolution of employees. Actually, the main issue to be discussed here is represented by the ratio between corporate behaviour and non-corporate behaviour and the way in which the combination between these two will contribute to the increase of the organisational performance. Technology will facilitate the disappearance of the demarcation between “life at work” and “life outside of work”. Complex strategies that will identify the competence sets needed by the company will contribute to finding candidates suitable for company tasks. In the future, we can talk of people management specialists who will need increasingly more financial, analytical, marketing and risk management competences. Companies will seek to promote and support networks of people and “The Y Generation” (which considers individuals who desire “not to get lost in the crowd”, but, on the contrary, they wish to be noticed, to matter within the contexts where they evolve and, at the same time, to have a harmonious development), a fact which will require the use of technology as an interface between professional life, social life, personal life and spiritual life with an emphasis on options, the antimonopoly thinking and the process of encouraging the use of innovation within the management field.
  • JEL Classification: F63, F66, M11, M12, M54
  • Key words: technology, innovation, management, creativity, change
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Evaluation of Information Entropy in Organizational System

  • Page: 82
  • Authors: Minodora URSACESCU, Mihai CIOC
  • Abstract: Entropy, as a thermodynamic concept, indicates the degree of system disorganization. The concept of entropy is associated with a measure of disorder and uncertainty in a physical system that leads to progressive loss of the relationships that integrate a system. The study of entropy becomes relevant for organization systems, which are described as interconnected elements, having a defined goal, and interacting with a dynamic environment. These systems are essentially based on the acquisition and application of information to ensure their self-determination and future development. In such a context, the approach of entropy is related to the Information Theory, referring to a measure of the amount of information that exists in an organizational system.
    This paper discusses the concept of information entropy and proposes a manner to evaluate its level under the influence of certain events that reveals particular organizational aspects. A case study for testing the relationship between information and entropy in the case of a company has been elaborated. The findings reveal that the increasing of order within a company system, through highly structured states leads to low level of information entropy.
  • JEL Classification: M21, D8.
  • Key words: entropy, event, information entropy, organizational system, probability.
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Empirical Research Regarding the Importance of Digital Transformation for Romanian SMEs

  • Page: 92
  • Authors: Livia TOANCA
  • Abstract: As the need for digital transformation becomes more and more self-evident with the rapid change of the business environment and the increased number of industries disrupted by digital advancements, we find it increasingly important for small and medium sized enterprises to recognize the emergence of threats and, most importantly, opportunities that arise from the dynamism of this phenomenon. Our research aims to uncover opportunities for Romanian SMEs to break apart and benefit from the diverse tools that are now within their reach in order to become successful on the global and European markets. Our survey was distributed to over 160,000 Romanian SMEs and netted 598 unique responses, representing the perception of digital by Romanian SMEs across 7 industries. We conclude that, despite their high awareness of the phenomenon of digital disruption, Romanian SMEs are yet to employ strategies of digital transformation that will bring them to the next level of competitiveness.
  • JEL Classification: D02, D22
  • Key words: business mode, digital transformation, organizational change
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Socio-cultural Change and Generational Diversity in the Post-Soviet Workforce

  • Page: 109
  • Authors: Madara APSALONE, Ilona BAUMANE-VĪTOLIŅA, Igo CALS, Erika ŠUMILO
  • Abstract: In times of increased retirement age and senior employees staying in workforce longer, successfully managing generational differences in the workforce forms an increasingly important challenge for modern day management. In many ways, generations may vary in attitudes and approaches, reflecting deeper differences in their core values. This might be particularly true for the Post-Soviet countries, where earlier generations were educated and started their careers within a completely different socio-economic system.
    In this study we explore differences in approaches towards values and attitudes amongst four generations of retail sector employees – starting from those, who were still to great extent exposed to pre-Soviet values, continuing with employees, who started their careers during the Soviet times, and ending with those, who were educated and entered the workforce after the collapse of the Soviet Union.
    208 Latvian service employees were surveyed to assess their personal values and likelihood of dishonest and unethical behavior from four generations currently active in the workforce - Post-War generation, Early Gen X, Transition generation and Millennials.
    We confirmed that despite dual morality and ambiguous ethics in the Soviet Union, older generations reported higher likelihood of honest behavior than younger generations. And Post-War and Early Generation X also rated honesty and responsibility higher as their personal values. We also found significant differences between Early Generation X and the Transition generation in a post-Soviet context.
  • JEL Classification: M14
  • Key words: Socio-cultural Change, Values, Generational Diversity, Post-Soviet Workforce
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Increasing Absorptive Capacity to Improve Internal and External Knowledge Transfer in Multinational Companies: A Multiple Case Study Approach

  • Page: 120
  • Authors: Béla-Gergely RÁCZ, Anca BORZA
  • Abstract: This study investigates how the absorptive capacity could be increased to improve internal and external knowledge transfer in subsidiaries of multinational companies. We look at the way in which the literature on absorptive capacity has evolved, and how it links the internal and external knowledge transfer. Based on 3 case studies conducted at Romanian subsidiaries of multinational companies, we find some patterns, which could explain how the successful knowledge flows should be managed within the multinational company and outside of it, in the supply chain network.
  • JEL Classification: M11, M16
  • Key words: absorptive capacity, disseminative capacity, internal knowledge transfer, external knowledge transfer, manufacturing network, multinational company
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The Difficulty in Following Project Schedule as a Key Project Management Challenge: Family Firm Perspective

  • Page: 136
  • Authors: Joanna SADKOWSKA
  • Abstract: The problem of how to manage projects successfully has been gaining growing interest for the last decades. The aforementioned is mainly caused by the fact that project management offers a wide range of methods and tools which, when properly used, can stimulate long-term growth of businesses. As a consequence it offers a particular development opportunity for family enterprises which, due to their specificity, have to overcome many difficulties. The primary objective of this paper is to examine whether family enterprises perceive, and to what extent, the factor of following project schedule as a difficulty in the area of project management. 154 Polish family firms representing different sectors were surveyed. The results of regression analysis show that family firms with global range of business activities, on the contrary to those with local or regional ones, do not find the factor of following project schedule as a difficulty. This results manly from the tools employed and the maturity level they have reached in project management. The findings support the current discussion on the specificity and uniqueness of family businesses in relationship to the knowledge area of project management. It also contributes to filling the gap on understanding the functioning of family firms in the emerging economies of Eastern Europe.
  • JEL Classification: L21, M21, O22
  • Key words: family business, project management difficulties, project schedule, Poland
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Foreign Direct Investment and Competitiveness of Automotive Sector in Romania

  • Page: 148
  • Authors: Liliana SCUTARU, Gabriela PRELIPCEAN
  • Abstract: The paper approaches the automotive sector in Romania as a main branch of industry that contributes to the country's competitiveness. There is analysed in territorial plan the layout of foreign direct investment and domestic investment in the automotive sector and also the automotive clusters and the main investments made in this sector of the economy. The research also includes an analysis regarding the competitiveness of the automotive sector and presents its evolution in terms of production and exports. The results indicate that most of the investors are located in the west and south of the country, the sector is one of the most competitive areas of economy, contributing to around a quarter of the country's total exports.
  • JEL Classification: D24, F16, F21, F23, O30
  • Key words: automotive, competitiveness, domestic investment, foreign direct investment, innovative clusters
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The Importance of Digital Adoption for Small and Medium Enterprises: Comparative Study of Romanian Service and IT&C SMEs

  • Page: 161
  • Authors: Dan POPESCU, Livia TOANCĂ, Cristina STATE
  • Abstract: Service enterprises constitute significant drivers of growth for developed countries as well as countries in development. The global economy in combination with the fast paced development of technology in the digital era create opportunities for companies that realize the importance of the service-technology convergence phenomenon, also known as the service economy 3.0.
    In the case of the Romanian economy, SMEs and the service sector contribute significantly to the country’s economic growth and our study aims to uncover opportunities for Romanian service SMEs to further their chances of succeeding on the global service market through adoption of digital technologies.
    We find that it is of utmost importance for Romanian service SMEs to bridge the digital divide through furthering their knowledge of network effects and digital ecosystems that can ultimately result in developing core competencies that help them remain relevant on the global services market.
  • JEL Classification: M10, M11, M19.
  • Key words: service economy, knowledge economy, digital transformation, small and medium size enterprises
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Research and Development Costs in Retail Trade

  • Page: 170
  • Authors: Radojko LUKIC, Srdjan LALIC, Dragana VOJTESKI KLJENAK
  • Abstract: Research and development expenses are crucial business performance factors for all enterprises, including trading companies. The size and structure of these expenses depend largely on the nature of a company’s activities. Due to such importance and specificity, the research focus of this article is on R&D expenses in trading companies with particular emphasis on retail companies. Their share in the sales revenue of trading companies is increasingly important and determined by many factors, such as innovation, size, location, product categories, and others. Due to varying intensity of influence of these and other factors, research and development expenses in commercial companies differ among countries, trade types (wholesale, retail, wholesale and retail), retail formats (store types) and product categories. Understanding the factors of these differences is important for efficient management of research and development costs in trade, particularly retail companies. They are the focus of research in this work.
  • JEL Classification: L810, M420, Q320.
  • Key words: significance and strategy; innovation, brand and knowledge; intangibles and capitalization; online retailing and information technology; control.
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Empirical Research on Urban Public Transportation in the Context of Population Growth and the Demographic Development

  • Page: 183
  • Authors: Alexandru Mihai BUGHEANU, Sofia Elena COLESCA
  • Abstract: Urban mobility is one of the most important challenges cities face nowadays. Half of the world population is living in urban areas, and more of them is becoming city-based, going for jobs and studies in metropolitan areas.
    The present paper aims to analyze different transport systems in order to obtain a series of conclusions on issues related to public transport worldwide in the context of increasing the population in urban areas. Therefore, the article will illustrate some of the major solutions and strategies used by public authorities all over the world.
  • JEL Classification: R41, R42.
  • Key words: public transport, challenges, urban mobility, strategies.
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Research on the Current Telecommuting Trends in United States and European Union Markets

  • Page: 194
  • Authors: Cătălina Georgiana PICU, Alina DINU
  • Abstract: In the context of globalization and due to the accelerated progress made in information and communication technology, more and more companies offer their employees the option of telecommuting. For the past twenty years, telecommuting has been on an asceding trend, an incresing number of people embracing the ability to work from home, using a computer and internet connection to communicate for their jobs.
    The goal of the paper is to explain the overall notion of telecommuting and to analyze the current trends in the United States and European Union markets. Another objective is to assess the advantages and disadvantages of telecommuting and the important role played by this concept within the striving purpose of corporations to achieve their strategic targets.
    The study is based upon specialized literature reviews regarding the emergence of telecommuting and the role it plays in organizations. A comparative analysis was conducted by the authors on two regional markets, United States and the European Union, in order to assess the trend in telecommuting and the factors that influence it.
    The outcome of the research shows that although the benefits of telecommuting are numerous, it does not come without challenges, both being applicable for both the employer, as well as for the employee. The research results of this study can be used by organizations when considering to offer their employees flexible work opportunities which can positively influence the long term business performance.
  • JEL Classification: M10, M15, M16
  • Key words: flexible work, organizational performance, telecommuting, virtual work.
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Research of Corporate Tax Impact on Financial Performance. Case of Companies Listed on Bucharest Stock Exchange

  • Page: 203
  • Authors: Ileana Cosmina PITULICE, Aurelia ȘTEFĂNESCU, Viorica Georgiana MÎNZU, Adriana Florina POPA, Arina Mihaela NICULESCU (DIACONU)
  • Abstract: Financial performance is the objective of any economic entity, regardless the domain it activates in. From the decision-making process perspective, the corporate tax is included in the equation of financial performance, considering that it has multiple informational facets at the company’s level. Considering the computation formula for the due tax as a premise, one can say that along with the economic development of the company, there is a positive correlation degree between it and the fiscal liability, determined by the multiplication of the number of transactions generating tax. Therefore, the corporate tax becomes relevant information for decision making in terms of organization form, reinvestment and others. In this context, our research plans to identify a relation between corporate tax and the financial performance of an entity. In this respect, two econometric models were built showing that the effective tax rate passes the tests of significance and influences the performance indicators in a negative way.
  • JEL Classification: M41, M10, H25
  • Key words: corporate tax, net profit, econometric model, financial performance, financial position, Romania
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An Evolutionary Perspective on Toxic Leadership

  • Page: 217
  • Authors: Lucia Ovidia VREJA, Sergiu BĂLAN, Loredana Cornelia BOSCA
  • Abstract: Charles Darwin’s prediction from 1859, that future psychology was going to be built on principles derived from evolutionary theory came at last to be fulfilled. Nowadays, there are at least four disciplines that attempt to explain human behaviours as evolutionary adaptations (or maladaptations) to the natural and/or social environment: human sociobiology, human behavioural ecology, evolutionary psychology, memetics and gene–culture coevolution theory (in our view, the most adequate of all). According to gene–culture coevolution theory, articulated language was the singular phenomenon that permitted humans to become a cultural species, and from that moment on culture become itself a selection factor. Culture means transmission of information from one generation to the next and learning from other individuals’ experiences, trough language. So, it is of critical importance to have good criteria for the selection of those individuals from whom we should learn. Yet when humans also choose their leaders from among those role-models, according to the same criteria, this mechanism can become a maladaptation and the result can be toxic leadership.
  • JEL Classification: Z13
  • Key words: human sociobiology, human behavioural ecology, evolutionary psychology, memetics, gene–culture coevolution theory, dominance status, prestige status, toxic leadership
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Executive Remuneration and the Financial Performance of Quoted Firms: The Nigerian Experience

  • Page: 229
  • Authors: Sunday OGBEIDE, Babatunde AKANJI
  • Abstract: This study examined executive remuneration and firms’ performance in Nigeria. Specifically, the study seeks to ascertain the nexus between executive remuneration, firm size and board size variables and the performance of quoted companies. The population of the study consists of all the quoted firms as at 31st December, 2014. A sample of sixty (60) companies excluding non- financial firms was selected for the period 2013 and 2014. Summary statistics such as descriptive, correlation and granger causality tests were used. Inferential statistics, using panel Generalized Least Square (EGLS) with fixed effect was used for the purpose of empirical validations. This was after the application of diagnostic test to enhance the study. The study ascertained that executive remuneration has a relationship with firm performance, but negatively impacted on it; though was not statistically significant. Firm size was ascertained not to have significant positive relationship with firms’ performance; though it has a causality relationship with the performance of the firms. Board size was found to negatively affect the performance of firms and is statistically not significant. Premised on this, the study suggests that executive remuneration of quote firms should be pegged constantly in a flexible manner. This will enable shareholders known the causality relationship between what is paid to the executive and how that influence performance.
  • JEL Classification: M10
  • Key words: Executive remuneration, firms’ financial performance, agency theory, Firm Size and Board size.
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Empirical Study Regarding the Trust Relationships Established in a Community

  • Page: 243
  • Authors: Florina-Valentina NICOLAE, Ioana-Maria PAVEL
  • Abstract: The paper that we present aims to address the issue of relationships naturally established in a community through some items that we consider relevant to the proposed topic. In this purpose, we have initiated a quantitative research, developed through a survey, based on questionnaire, self-managed and on line. The recorded answers are statistically interpreted, using IBM SPSS application. The results suggests that the perception of the subjects participating in the study on the relationships established with their communities, on the date of the study, is not clearly contoured.
  • JEL Classification: A140, C120, C140, D640, M200, M210, O350
  • Key words: communities, social economy enterprises, trust capital
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Highlighting the Socio-Demographic Differences of the Key Determinants of Staff’s Satisfaction in Jordanian Hospitals: an Empirical Analysis Based on Warr-Cool-Wall Scales

  • Page: 252
  • Authors: Adriana AnaMaria DAVIDESCU, Cristian BUSU, Alexandra Catalina NEDELCU, Marji Tania Issa EID
  • Abstract: The aim of this paper is to highlight the socio-demographic differences regarding the main determinants of employee satisfaction in Jordanian hospitals using a sample of 325 employees from six different hospitals in 2015. Therefore, it has been used Warr-Cook-Wall scale in order to assess job satisfaction according to four dimensions: extrinsic job satisfaction, intrinsic job satisfaction, working conditions satisfaction, employee relations satisfaction. The socio-demographic differences on the job satisfaction factors were analyzed using t-test, Anova test and correlation coefficients. The empirical results pointed out that young and older employees express higher degrees of satisfaction comparative with other age group regarding the extrinsic satisfaction and employee relations and that administrative staff, helpers and doctors are more satisfied intrinsic satisfaction, extrinsic satisfaction, working conditions, employee relations and also on the overall level of satisfaction. Also individuals from horizontal structure exhibit higher levels of satisfaction regarding the job satisfaction factors than the ones from vertical structure.
  • JEL Classification: C25, C38, C83, O15
  • Key words: socio-demographic, job satisfaction, hospitals, health workers, Warr-Cook-Wall scale, Jordan
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Work – Life Balance Practices in Romanian Organisations – A Pilot Study Conducted on HR Professionals

  • Page: 1
  • Authors: Ramona IGREȚ, Cristian Virgil MARINAȘ, Simona AGOSTON, Ileana MIRCIOI
  • Abstract: Work – life balance is becoming a very debated subject in the Romanian business context, especially in multinationals and large Romanian companies. This paper’s main objective is to conduct a pilot study regarding work – life balance practices on human resource professionals from Romania. The study’s main purpose is to validate a research questionnaire in order to conduct a more significant research in the future. The questionnaire was applied on 52 HR specialists from different organisations and is structured on five sections: working hours, WLB practices, holiday and time off, flexible working and information about the employer and the job.
  • JEL Classification: M12, M54
  • Key words: human resource, work – life balance, Romanian organisations, HR professionals.
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Women Entrepreneurship in Romania: the Case of North East Development Region

  • Page: 20
  • Authors: Sebastian Ion CEPTUREANU, Eduard-Gabriel CEPTUREANU
  • Abstract: Women entrepreneurship benefit from a process of expansion all over the world. Business established and developed by women are an important source of wealth and improved living standards in many countries. Even though women represent 46% of Europe's working population, which means in theory that trend of this type entrepreneurship can only go upward, however entrepreneurship is still considered an activity for men. Entrepreneurship has an active role in employment, economic development and quality of life, constituting a dynamic part of any developed economy. Supporting women in their involvement in setting up new start-ups and small business and unlock their potential is an important part of government actions to foster entrepreneurial activities. Global Entrepreneurship Monitor (GEM) study found out that economies of Eastern European countries are in poor condition in terms of women's participation in entrepreneurial activity. Romania is no exception. This paper analyze women entrepreneurship in the poorest region of Romania, North East region, through an empirical survey but provide also some insights on overall Romanian situation based on National Trade Register Office data.
  • JEL Classification: M13, L26
  • Key words: entrepreneurship, North East Development region, women entrepreneurship
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Impact of the Customers’ and Governments’ Demands on Complex Food Supply Chains

  • Page: 33
  • Authors: Alexandra Ioana IONESCU FLOREA,Răzvan-Andrei CORBOȘ
  • Abstract: Food crisis are always of big concern for the consumers and governments. Complex supply chains make it more difficult for all actors involved to manage such a crisis. Companies in the food industry must respond now not only to the concerns of customers about the food safety, but also to their need for fresh and healthy products. Together with governments, to enforce regularly the legislation, customers affect the way food actors conduct their business, and can have a great impact on the food supply chain. In order to answer these needs, companies have to modify their supply chains and operate with more transparency, taking into account the demands for traceability. The objective of this article is to analyze how customers and governments trigger more transparency from the food companies and supply chains, the opportunities and challenges of implementing and communicating transparency and traceability.
  • JEL Classification: M11
  • Key words: food supply chain, traceability, transparency, food security, food safety, health and wellness.
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European Funds Fraud: The Impact on the Process of Absorption of Structural and Cohesion Funds in Romania

  • Page: 42
  • Authors: Dumitru BELDIMAN, George Sebastian PERPELEA, Mihai Octavian PERPELEA
  • Abstract: The increase of the degree of absorption of European funds offered to Romania by the European Union represents one of its main objectives in the present and future situation. One of the main reasons that the funds are so important is the fact that, taking into consideration the microeconomic and macroeconomic situation that Romania is in, it represents an alternative financing mechanism of the economy that Romania can benefit in very advantageous conditions. Even under these conditions Romania- within 2007-2013 period of programming – couldn’t benefit from it by attracting as many structural and cohesion funds as possible, at least in comparison to other member states. In our opinion, that of the authors’ one of the reasons that led to such a low rate of absorption, alongside with the low administrative capacity of the state is the excessive bureaucracy , an inefficient legislative framework which is not harmonized with the European one, the lack of experience in using and administrating of European funds, the beneficiaries’ incapacity to sustain the financial support of the project ( to assure the co-financing of the project), a low involvement of Romanian banking institutions in the process of supporting the beneficiaries of European funds. Another cause is the European funds fraud that happened in Romania. In the present article, the authors have decided to analyze the influence of European funds fraud on the degree of absorption of structural and cohesion funds in Romania.
  • JEL Classification: E10, E19, E29, E59, E60, E69, G23, K49, O20, O52, P50
  • Key words: alternative financing mechanisms, fraud, grant funds, degree of absorption, European Union.
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Internal Communication - Its Role and Performance in Developing the Strategy of an Organization

  • Page: 52
  • Authors: Florentina PÎRJOL, Lia Lucica RADOMIR
  • Abstract: The present paper, entitled "The role of internal communication within the strategy of the organization", aims to identify the importance of internal communication in any organization and especially to identify the way in which the strategy of an organization is influenced by an efficient internal communication. Moreover, with the help of the case study we will be able to identify what are the most efficient means of communication in an organization and also what the employees of a company think about every means of communication used inside the organization in which they work. The final purpose of the questionnaire used for the case study is to identify the role of internal communication within SC PROFI ROM FOOD SRL Company. The questionnaire is also trying to see which are the most efficient means of communication both between the employees of the same department and the means of communication between different departments. To obtain results as relevant as possible for the case study, the questionnaire was applied in several departments inside the organization.
    Through this case study we aimed to provide a clearer image of the means of communication and of how information is transmitted within a department but also at the company level.
  • JEL Classification: D22, D83, J28
  • Key words: internal communication, strategic communication, means of communication, company strategy.
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Modernization in the Development of a Town and Community – Based Management Strategy of Slum Areas: A Case Study: Urban Slum Areas of Sangatta, East Kutai Regency, Indonesia

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  • Page: 177
  • Authors: Batara SURYA
  • Abstract: This article aims to analyze the modernization of urban development and community-based management strategies of slum areas. Modernization of urban areas in Sangatta through the construction and development of new functions contribute positively to the process of urbanization and social changes. The development acceleration in Sangatta is characterized by a dualistic economy through the dominance of urban space by capitalist reproduction, conditioning marginalization and poverty because of non-optimal spatial articulation. This article used quantitative and qualitative approaches (mixed methods). The data were obtained through observation, documentation, and surveys using questionnaires on several respondents of Sangatta urban population. Modernization of development is parallel to changes in space utilization of Sangatta urban areas, conditioning the development of slum areas, urban poverty, and marginalized communities, because of helplessness and lack of access of the society on space reproduction resources and adaptation on the function of urban space in Sangatta.
  • JEL Classification: O18, Q15
  • Key words: Land Use Transformation; Modernization of Development; Changes in the Use of Space; Space Reproduction; and Management Strategies of Urban Slum Area

Improving Public Health and Environment through Plastic Waste Management in Mumbai Metropolitan Region

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  • Page: 196
  • Authors: Sanjay RODE
  • Abstract: The Mumbai Metropolitan Region is growing in terms of population, industry, educational and commercial units. The daily requirements of commodities and services by all units have increased fast. Plastic is used extensively for packing, protection and service of various commodities. The use of plastic is much higher by industry and households in region. In Brihan Mumbai Municipal Corporation, the density of population is higher. The concentration of small and large industries is more. Therefore the plastic use is much higher for different purposes. It leads to more waste of plastic. In Ulhasnagar Municipal Corporation, the population and industrial units are less. Therefore plastic waste is less generated. Theaters are generating less plastic waste in metropolitan region. The Brihan Mumbai Municipal Corporation (BMC) and municipal corporations in Thane district will continuously generate more plastic waste in future. The Tobit regression model shows that plastic waste is positively co-related and statistically significant with pollution and industry in region. Therefore the comprehensive policies are required to reduce plastic waste. This is because plastic waste is affecting on the health of human being. It also affects negatively on soil, air and water. The entire food supply chain gets affected due to plastic waste. The water logging is common due to plastic waste in region. It chock ups the drainage system and it becomes the ground for mosquitoes. It further leads to dengue, malaria and other diseases in region. Municipal corporations must collect plastic in separate bins and process it. The plastic and e-waste can be utilized for road construction in region. All the policies will certainly help to reduce the plastic waste and maintain the clean environment in region.
  • JEL Classification: I15, P46, Q53
  • Key words: Health care, Institutions, Impact, Quality

Advancing the Economies through SPA Industry

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  • Page: 208
  • Authors: Vandana DESWAL
  • Abstract: This paper is an attempt to present a clear picture of how spa industry can aid in boosting the economies by promoting tourism and the ways in which it can be made instrumental in drawing tourists from various places to a destination. People have been visiting places famous for their spas since ancient times. They would visit places famous for their healing waters and stay there for days. Romans and Greeks were known for their luxurious baths devoted to relaxation and rejuvenation. Recently, spas are witnessing a revival of interest in them and they are becoming a force to reckon with in the hospitality sector. This research is an attempt to understand the role spas are playing in stimulating tourism of the place. A survey of 200 people was conducted and the responses were taken on a Likert like scale for the purpose of percentage analysis. It was found that Spas and Tourism of a destination have very symbiotic relationship and if harnessed well, spas can substantially add to the tourism of the place.
  • JEL Classification: M19, M29
  • Key words: Global Economy, India, Promotion, Spas, Tourism, USA

The Objectives of the Organization: A Managerial Approach

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  • Page: 216
  • Authors: Ion VERBONCU, Andrei SERBAN
  • Abstract: Any methodological scenario has, as a starting point, a certain type of objectives - fundamental, derivatives, specific or individual - and as a final point, obtaining some results at least at the assumed objective level. Everyone talks about objectives, organizations are established and operate to achieve objectives, managers rely on a certain type of benefit by reference to what is obtained in achieving the objectives. Objectives are, unquestionably, one of the most commonly used terms to all organizational levels of the economy and society, but especially at the organization level. Unfortunately, the meaning we give this concept is not always the real. Such a statement can be sustained in the public institutions where objectives intermingle with tasks or resposabilities (and vice versa), generating confusion among managers and execution positions. Approaching objectives, starting with defining and continuing with the foundation, evaluating the results, motivation depending on the degree of the objectives achievement and ending with taking responsibility, is thus not only necessary but also opportune.
  • JEL Classification: M10, M19
  • Key words: objectives, objectives typology, management, organizational and managerial change, management tools, evaluation of the results, motivation, responsibility

Role of Knowledge Based Communities in Knowledge Process

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  • Page: 228
  • Authors: Sebastian Ion CEPTUREANU, Eduard Gabriel CEPTUREANU
  • Abstract: In the new economy, knowledge is an essential component of economic and social systems. The organizational focus has to be on building knowledge-based management, development of human resource and building intellectual capital capabilities. Knowledge-based management is defined, at company level, by economic processes that emphasize creation, selling, buying, learning, storing, developing, sharing and protection of knowledge as a decisive condition for profit and long-term sustainability of the company. Hence, knowledge is, concurently, according to a majoritiy of specialists, raw material, capital, product and an essential input.
  • Knowledge-based communities are one of the main constituent elements of a framework for knowledge based management. These are peer networks consisting of practitioners within an organization, supporting each other to perform better through the exchange and sharing of knowledge. Some large companies have contributed or supported the establishment of numerous communities of practice, some of which may have several thousand members. They operate in different ways, are of different sizes, have different areas of interest and addresses knowledge at different levels of its maturity.
  • This article examines the role of knowledge-based communities from the perspective of knowledge based management, given that the arrangements for organizational learning, creating, sharing, use of knowledge within organizations become more heterogeneous and take forms more difficult to predict by managers and specialists.
  • JEL Classification: M13, O32, D8
  • Key words: knowledge, knowledge based management, knowledge based communities

Business Organizations’ Positive Socio-Economic Impact on Society - A Step Beyond CSR

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  • Page: 244
  • Authors: Mirela POPA, Irina-Iulia SALANȚĂ
  • Abstract: In this article the authors argue the necessity of taking a step beyond CSR and tackling the issue of measuring the impact businesses have on society, in general. Even if CSR points out the idea that organizations have responsibilities regarding the well-being of the entire society, it has certain limitations listed in this article. Furthermore, the authors briefly present the socio-economic impact of business organizations including (1) some basic concepts, (2) the most relevant areas/fields for measuring the impact, and (3) the main advantages regarding the development and implementation of effective impact measurement practices. The general purpose of the empirical study refers to the identification of perceptions related to the Romanian business organizations’ socio-economic impact. In this regard, we set the following main objectives: (1) identifying the extent to which Romanian organizations undertake a process of measuring, assessing and managing their impacts on society, (2) analyzing clients, managers and owners’ perceptions regarding the positive impact of seven Romanian organizations’ activities, and (3) identifying the perceptional differences between clients and managers plus owners. The empirical results show that in the managers’ plus owners’ opinions the areas in which the organization’s activities always or almost always have a positive impact are: collecting and paying taxes, keeping a strict control over the costs, and fulfilling government regulations plus obeying laws. The highest differences in clients’ and managers’ plus owners’ perceptions refer to creating jobs and improving people’s personal security and the general well-being of society.
  • JEL Classification: M14
  • Key words: construction field, CSR, SMEs, socio-economic impact, stakeholder

The Employee’s Perception of Leadership Style in the Independent Public Institution as National Bank of Romania (NBR) Type

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  • Page: 264
  • Authors: Sergiu GEANTĂ, Andreia SCHNEIDER (ISPAS)
  • Abstract: Leadership style literature in the independent public institution, such as national bank type, is a subject with a high potential for research studies, especially in Romania. As organizational culture, leadership style is considered to be an important element for the public institution performance and work satisfaction of the employees. The aim of this research paper is to identify which leadership style is more common in the employee’s perception of National Bank of Romania (NBR). According to this, as a scientific research method it was used a quantitative method based on a questionnaire. In the period of March-June 2015 it was applied a questionnaire with 23 items on a Likert Scale (20 regarding leadership style and 3 regarding respondent profile) on a total population of 1860 employees. Items measured were used from Leader Behavior Description Questionnaire Version 12 LBDQ XII and Multifactor Leadership Questionnaire (5X). After analyzing and interpreting the results related to the perception of employees on leadership style to hierarchic direct superior, it can be concluded that leadership styles often identified by employees are authoritarian leadership style and participative leadership style, both with a 82% percentage of totally agree responses.
  • JEL Classification: E58, M10, M19
  • Key words: leadership style, independent public institution bank type, National Bank of Romania

The Dynamic Character of a Psychological Contract between the Superior and the Employee (According to Empirical Research)

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  • Page: 271
  • Authors: Anna ROGOZIŃSKA-PAWEŁCZYK
  • Abstract: This article analyses the dynamic character of relationships between superiors and employees in the context of a psychological contract. One of the assumptions is that superiors and employees’ shared understanding of their mutual obligations and expectations underpins the performance of the psychological contract. The article explains the concept of a psychological contract and addresses possible breaches thereto as well as their impact on the shape of relationships between superiors and employees. Information necessary to carry out the analysis was obtained from surveys conducted with 178 representatives of large and medium-sized firms based in Poland and with 800 of their employees. In addition to determining the state and contents of a psychological contract as felt by superiors and employees, the article provides also a description and the rankings of their mutual expectations and obligations related to a psychological contract. The degree of similarity between the opinions of the surveyed superiors and employees on each other’s obligations and expectations was assessed with a specially constructed index (an opinion coincidence index, OCI). The results of the surveys and the direction and amount of OCI’s deviation from show that while employees and superiors frequently differ in the perceptions of their expectations and obligations, there are also areas where their opinions are identical. It has also been found that employees’ perception of the contents of a psychological contract depends on their age and the number of years they have worked in the organisation. This fact points to the dynamic character of a psychological contract.
  • JEL Classification: M12, M54
  • Key words: employee expectations, mutual expectations, psychological contract, psychological contract breach, superior expectations

A Different Statistic for the Management of Portfolios - the Hurst Exponent: Persistent, Antipersistent or Random Time Series?

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  • Page: 285
  • Authors: Ana-Maria CALOMFIR (METESCU)
  • Abstract: In recent years, research in the capital markets and management of portfolios has been producing more questions than it has been answering: the need for a new paradigm or a new way of looking at things has become more and more concludent. The existing and classical view of capital markets, based on efficient market hypothesis, has a definite theory for the last six decades, but it is still not capable of significantly increase the understanding of how capital markets function. The purpose of this article is to theoretically describe a less used statistic coefficient, having a vast area of applicability due to its robustness, and which can easily divide the random series from a non-random series, even if the random series is non-Gaussian: the Hurst exponent.
  • JEL Classification: G11, G170, G14
  • Key words: random walk, Hurst exponent, fractal dimension, capital markets

The Use of Balanced Scorecard in Implementation of the User-Driven Innovation Concept

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  • Page: 293
  • Authors: Marzena KRAWCZYK
  • Abstract: Customers play a crucial role in innovation processes. Their importance is proved by numerous theories and innovation models which put users and clients in the heart of innovation processes.
  • One of the newest concept, popular in Scandinavian countries, picking up this thread is the User–Driven Innovation (UDI).
  • To increase probability of innovation success consumers must be involved in the firm’s business model / innovation strategy, becoming a part of the innovation processes and all other stakeholders should be aware of the significance and character of the linkage between customer and company. As a result, building, implementing and monitoring of the customer–oriented innovation strategy should take place. The Balanced Scorecard (BSC) may turn out to be very helpful in achieving the above.
  • The aim of this paper is to show that BSC may be a device of implementing the User–Driven Innovation concept, helping to understand UDI assumptions and the role of customers in creating value. Examples of strategic goals and performance indicators presented in this paper may be used by enterprises, which intend to build UDI-based BSC.
  • JEL Classification: M41, O31, O32
  • Key words: Balanced Scorecard, customer, innovation, User-Driven Innovation

Experimental Research Regarding New Models of Organizational Communication in the Romanian Tourism

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  • Page: 310
  • Authors: Cristina STATE, Dan POPESCU, Antonio GARCIA-SANCHEZ, Livia TOANCĂ
  • Abstract: Presenting interests for the most various sciences (cybernetics, economics, ethnology, philosophy, history, psycho-sociology etc.), the complex communication process incited and triggered a lot of opinions, many of them not complementary at all and even taken to the level of some passions generating contradictions. The result was the conceptualization of the content and of the communication functions on different forms called models by their creators. In time, with their evolution, the communication models have included, besides some basic elements (sender, message, means of communication, receiver and effect) also a range of detail elements essential to streamline the process itself: the noise source , codec and feedback, the interaction of the field specific experience of the transmitter and receptor, the organizational context of communication and communication skills, including how to produce and interpretate these ones. Finally, any model’ functions are either heuristic (to explain), organizational (to order) or predictive (making assumptions). They are worth only by their degree of probability remaining valid so long as it is not invalidated by practice and is one way of describing reality and not the reality itself. This is the context in which our work, the first of its kind in Romania, proposes in the context of improving organizational management, two new models of communication at both the micro- and macro- economic, models through which, using crowdsourcing, the units in the tourism, hospitality and leisure industry (THLI) will be able to communicate more effectively, based not on own insights and / or perceptions but, firstly, on the views of management and experts in the field and especially on the customer’ feedback.
  • JEL Classification: M10, M11, M19
  • Key words: organizational communication model, hotel management, crowdsourcing, tourism, hospitality and leisure industry

Elements of Performance Management and Audit in Public Organizations

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  • Page: 339
  • Authors: Gheorghe MINCULETE, Polixenia OLAR
  • Abstract: The concept of performance is a new one, having in mind the fact that, in order to achieve functional progress, public organizations are themselves determined to measure the results of their activity over a definite period of time. Nevertheless, a new characteristic regarding the implementation of this concept refers to the approach used by managers for putting it into practice that is the identification of the answers to the question: „What should be measured/monitored in order to have a better control over activities and which will determine their improvement?”
  • The current article presents notions and elements specific to performance management at the level of public organizations, with a brief emphasis on the indicators and standards related to this domain.
  • JEL Classification: K19, M19, M29, O29, Z18
  • Key words: performance; public organization; performance management; managerial performance; performance indicators; measurement of performance

Effective Management Tools in Implementing Operational Programme Administrative Capacity Development

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  • Page: 353
  • Authors: Carmen – Elena DOBROTĂ, Claudia VASILCA
  • Abstract: Public administration in Romania and the administrative capacity of the central and local government has undergone a significant progress since 2007. The development of the administrative capacity deals with a set of structural and process changes that allow governments to improve the formulation and implementation of policies in order to achieve enhanced results. Identifying, developing and using management tools for a proper implementation of an operational programme dedicated to consolidate a performing public administration it was a challenging task, taking into account the types of interventions within Operational Programme Administrative Capacity Development 2007 – 2013 and the continuous changes in the economic and social environment in Romania and Europe.
  • The aim of this article is to provide a short description of the approach used by the Managing Authority for OPACD within the performance management of the structural funds in Romania between 2008 and 2014. The paper offers a broad image of the way in which evaluations (ad-hoc, intermediate and performance) were used in different stages of OP implementation as a tool of management.
  • JEL Classification: H70, H83
  • Key words: management, evaluation, methods, quality, public administration, European funds, managing authority

Summary

The Analysis of Profit per Employee in the Trade of Serbia

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  • Page: 5
  • Authors: Radojko LUKIC
  • Abstract: It is well known that there is a special system of indicators for measuring efficiency, productivity and performance of trade adjusted to the very nature of business. As a part of it, the significance of profit per employee is stressed as a contemporary measure of trade performance. It is quite understandable considering the high share of labour force in trade and the possibility of its substitution with the modern technology. This work analyses the specifics and factors of the profit per employee dynamics in trade of Serbia and selective global retail chains, first of all - developed market economies. On the base of research results, we propose measures for increasing profit per employee in trade of Serbia in the future.
  • JEL Classification: F65 L81 M40
  • Key words: revenue, profit, employees, average personnel costs, modern technology.

Financial Effectiveness of Negotiation Support Systems

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  • Page: 17
  • Authors: Christian NĂSULEA, Flavia STOIAN, Daniela Nicoleta MEDINȚU
  • Abstract: Implementing negotiation support systems requires the commitment of significant amounts of resources within the host organization. This paper looks at the effectiveness of investments in these systems, looking at some standard indicators for economic efficiency and the impact of these systems on an organization’s overall activities. This article is part of a research project spanning over a period of 3 years, aimed at developing a successful model for computer assisted negotiations.
  • JEL Classification: O14
  • Key words: multi-agent negotiation, financial effectiveness, negotiation support systems, NSS, economic efficiency.

Brand Components in Electoral Debates: Presidential Elections Romania 2009

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  • Page: 27
  • Authors: Ovidiu-Aurel GHIUȚĂ
  • Abstract: The present paper illustrates the use of the brand and its components in the most important campaign debate of the presidential elections in Romania in 2009.The research method we have selected is the case study. The research technique consisted of the content analysis of the two speeches. The conducted analysis has included all the three types of the content analysis: conceptual, relational and qualitative analysis. The content analysis has been conducted by using the Nvivo software. The identification of the candidate’s brand in a single debate particularly entails its presence throughout the electoral campaign. We can outline the main component of the brand notion the two candidates have resorted to in this debate: Băsescu resorted to positioning, while Antonescu opted for differentiation and positioning..
  • JEL Classification: M31, D72.
  • Key words: political brand, presidential elections, electoral debates, political brand components, branding management.

The Impact of Regulations upon the Startup of New Businesses

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  • Page: 49
  • Authors: Adi Eleonor TRIFU, Adriana GÎRNEAȚĂ, Ana Mădălina POTCOVARU
  • Abstract: The objective of this paper is to show the impact of regulation upon the start up of new businesses in the European Union. The study uses some of the components of the Ease doing business index elaborated by the World Bank. The methods used are the correlation analysis and ordinary least squares for an unbalanced data panel with 26 cross-sections (European Union member states) and time periods from 2005 to 2012. The regression equation is composed of one dependent variable, represented by the New Business Registration Density per 1000 people and 18 independent variables gathered from components of Ease of Doing Index. The results of this research show that the influence of regulatory factors is very strong. This paper is addressed to entrepreneurs, managers of public institution, specialists and all interested readers.
  • JEL Classification: C23, L26, M10, M13.
  • Key words: new business registration, entrepreneurs, regulations, doing business.

New Management Tools – From Video Management Systems to Business Decision Systems

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  • Page: 60
  • Authors: Emilian Cristian IRIMESCU, Cristian Silviu BANACU
  • Abstract: In the last decades management was characterized by the increased use of Business Decision Systems, also called Decision Support Systems. More than that, systems that were until now used in a traditional way, for some simple activities (like security,) migrated to the decision area of management. Some examples are the Video Management Systems from the physical security activity. This article will underline the way Video Management Systems passed to Business Decision Systems, which are the advantages of use thereof and which are the trends in this industry. The article will also analyze if at this moment Video Management Systems are real Business Decision Systems or if there are some functions missing to rank them at this level.
  • JEL Classification: M10
  • Key words: video, management, system, security, business, decision

Indian Management Education and Benchmarking Practices: A Conceptual Framework

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  • Page: 69
  • Authors: Dr. Dharmendra MEHTA, Er. Sunayana SONI, Dr. Naveen K MEHTA, Dr. Rajesh K MEHTA
  • Abstract: Benchmarking can be defined as a process through which practices are analyzed to provide a standard measurement (‘benchmark’) of effective performance within an organization (such as a university/institute). Benchmarking is also used to compare performance with other organizations and other sectors. As management education is passing through challenging times so some modern management tool like benchmarking is required to improve the quality of management education and to overcome the challenges ahead. Benchmarking the one management education institute against other management institute allows the University to get a sense of where it is performing well in relation to others. This paper makes an attempt to study various practices related to benchmarking of management education in Indian Management Institutions to enhance quality of management education.
  • JEL Classification: I20, I21, I23, I2, I29
  • Key words: Benchmarking, Principles, Continuous Process, Management Tool.

Relevant Studies to Public Transportation at an International Level

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  • Page: 75
  • Authors: Alexandru BUGHEANU
  • Abstract: The present study examines the high interest for public transport research at an international level.
  • The main objective of the current paper is to present a series of effective models of improvement in term of overall quality or efficiency for the public transport system, as well as directly relevant research to the public network transport in Bucharest City.
  • The key findings of this study is that in order to improve the smooth functioning of a public transport network should be taken into consideration several fundamental issues: the transport operators, the network users and the quality of services.
  • It is particularly important that one of the main objectives for any public transport operators to be a constant interest for providing quality services, knowing the users’ expectations and the continued development of the system in terms of its effectiveness and efficiency.
  • This paper examines the urban public transport of passengers as one of the effective solutions for reducing urban agglomerations and the extremely high number of private and personal vehicles used every day in large urban areas.
  • JEL Classification: R40
  • Key words: Bucharest, efficiency, environment, impact, public transport

The Long Way of Organizational Communication in Tourism: From Theory to Practice

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  • Page: 86
  • Authors: Cristina STATE
  • Abstract: Organizational communication has become a topic on which increasingly more specialists express their views. Very few succed, however, to move from theory to practice, so that their attempt to be beneficial to it. Moreover, as a proverb (anonymously) very well reveals, "... we communicate increasingly more, but we understand increasingly less" ... In this context, based on available statistics (which surprised and confused us in equal measure) I aimed to analyze the extent to which beneficiaries of tourism units’ services are satisfied with the correspondence between their offer and the reality on the ground. Methodological, I turned in a first step to crowdsourcing. This is an alternative to get, as a result of outsourcing, required services and/or ideas by seeking contributions from large groups of people and/or communities turning to online resources and not to traditional employees or suppliers. This is the context in which I launched through a website accessible to all willing to participate in our research, a questionnaire aiming to evaluate the quality of organizational communication from tourism facilities. In a second step, I proceeded to the interpretation of the received responses checking, econometrically, through analysis of variance (ANOVA), the research hypotheses. Basically, I investigated the existing biunivocal relationship between the tourism facilities and the beneficiaries of their services, in order to identify and improve some external organizational communication trends, potentially generating performance effects as a direct result of improving customer relationship management.
  • At the end of the work I formulated two proposals designed to reveal how and in what way can be reduced the distance (still huge) that separates managerial theory from the practice of customer relationship in the tourism, hospitality and leisure industry.
  • JEL Classification: J4, L84, M3, M5, M21
  • Key words: organizational communication, crowdsourcing, the tourism, hospitality and leisure industry, tourism units.

Salary System Analysis. Study Case: The Salaries of Didactic Personnel within Romanian State Universities

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  • Page: 101
  • Authors: Roxana-Elena TEODOROIU
  • Abstract: The higher education system is one of the most important activity areas of a state. The purpose of this paper is to identify the main salary policies that the Romanian authorities have adopted in order to determine the way in which the didactic personnel within the higher state education system are paid.
  • In order to identify these aspects, this paper consists of a specialized literature analysis concerning the remuneration and salary system and the main normative acts that stand as basis for setting the salaries for the didactic personnel within the Romanian higher state education system.
  • The result of this article will consist of identifying the main aspects that make reference to the salaries for the didactic personnel within the higher education institutions as well as the graphical representation of the salary chart divided into positions and seniority.
  • JEL Classification: I23, J31, J38
  • Key words: didactic personnel, Romania, salary, state university.

The Role of Monetary and Fiscal Policies in Ensuring Macroeconomic Stability in Romania

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  • Page: 110
  • Authors: Ana-Maria SĂNDICĂ
  • Abstract: The purpose of this paper is to make an analysis of the dynamics of macroeconomic mechanisms of propagation of shocks in the Romanian economy based on a dynamic stochastic general equilibrium model (DSGE) that is based on optimizing behaviour of economic agents, using micro-foundations incorporating nominal rigidities in prices and wages. The model developed is Neo-Keynesian type model and is described based on the Christiano et al (2005) and Smets and Wouters (2003). It incorporates persistence in consumption, sticky prices and wages in Calvo sense, costs of adjustment of investment, variable capacity utilization and fixed costs in production. The model takes into account also the liquidity constraints consumers - rule of thumb, element introduced by Galí et al (2007). Another assumption of the model is the consideration of imports as an input in production, under the approach of McCallum and Nelson (2001). Changes over the standard dynamic stochastic equilibrium are related to inflation inertia generated by the learning process. An innovative element is the consideration of two monetary regimes considering adopting inflation targeting strategy in Romania in August 2005. Structural break is explicitly considered by considering two sub-samples and the estimation process of parameters is in two stages similar to the approach proposed by Jakab (2008).
  • JEL Classification: C32, E4, E10, E32
  • Key words: Ricardian consumption, Fiscal rule, Bayesian estimation, Monetary Regime, DSGE.

Employment Pattern, Skills and Training Issues among Informal Sector Workers in Mumbai Metropolitan Region

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  • Page: 125
  • Authors: Sanjay RODE
  • Abstract: An informal sector in any economy provides different kinds of employment opportunities to people. In Mumbai Metropolitan Region, the female are more involved in regular jobs as compare to the causal and self-employed workers. The secondary and college studied male and female are found more in regular jobs. The high school studied male and illiterate female are working on causal jobs. The causal jobs do not require more education and skills. In self-employed category, the secondary school studied male and high school studied female are found more. The monthly income of workers involved in regular jobs is much higher than the causal and self-employed workers. The moderate malnourished females are found more as compare to the male in causal and self-employed category. The multi nominal logit regression model shows that the causal workers have positive correlation with illiterate male but it is negatively co-related with high school studied male, illiterate and secondary studied female. The monthly income, source of water, refrigerator and condom use is negatively co-related with causal workers as compare to regular workers. The self-employed workers have negative co-relation with monthly wage, source of water and watch cinema regularly as compare to the regular workers. Therefore government must provide infrastructural facilities in all slums of region. The infrastructural facilities such as water supply, electricity, sewage and solid waste collection must be provided in all slums of region. Causal workers must be provided the vocational training to start their own business. Commercial and co-operative banks must provide loans to poor people of slums. Females must be encouraged to take loan and start small business. Government must provide low cost housing to causal and self-employed workers in region. Such policies will certainly improve standard of living of informal sector workers in region.
  • JEL Classification: J41, J42, J43
  • Key words: health, poverty, safety.

Lean Six Sigma Strategy at Work: Ups, Downs and Lessons Learned From Implementation - A Literature Review

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  • Page: 139
  • Authors: Georgiana CIOANĂ, Cătălina RADU
  • Abstract: Research work on Lean, Six Sigma and Lean Six Sigma has become increasingly present in the literature in the field of operations management and business excellence and has extended to other areas as the need for process improvement is more prominent. Whether it analyzes theoretical aspects regarding the development and the evolution of the two methodologies or of the most recent merge between the two, known as Lean Six Sigma strategy or simply Lean Sigma, or it presents results of studies undertaken in different industry or service sectors, the knowledge provided by the articles, books or studies currently available is vital to all researchers, specialists in the field and to all businesses. In this consideration we propose a detailed review of the most significant findings drawn from studies concerning the evaluation of the performance of Lean Six Sigma strategy as pure theory or as evidence from organizations performed in the time-frame 2003 to 2014 that seeks to underline the lessons learned from implementation and to question what is to be done in future researches.
  • JEL Classification: I19, M10, M11
  • Key words: Lean, Six Sigma, Lean Six Sigma strategy, implementation, process, continuous improvement.

FDI Convergence versus Real and Structural Convergence at the EU Level. An Approach Based on the GINI Coefficient

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  • Page: 150
  • Authors: Vasile Alecsandru STRAT, Oana Cristina POPOVICI
  • Abstract: The main goal of this paper is to analyze the evolution of disparities registered among the European Union member states for several variables, indicating the real convergence, the structural convergence and the stocks of FDI. The paper provides an assessment of the linkage between these evolutions during 1993 to 2013, using a methodology based on time series of Gini coefficients, at the entire Union and also at the level of the new and the old EU member states. We found decreasing disparities in the stocks of FDI/capita, GDP/capita and GDP/capita produced in agriculture for the new member states, but oscillating evolutions for the old ones. We found evidence suggesting a positive relationship among these three phenomena. Therefore, FDI can be considered as an enhancer for both real and structural convergence in the EU and the new EU member states. The finding was not confirmed for the old member states.
  • JEL Classification: C1, F23, F45, O52
  • Key words: foreign direct investments, Gini coefficient, real convergence, structural convergence, European Union

The Hare and the Tortoise. How Older Generations Are Replaced By Young One on the Labour Market: Signals and Insights from the Relationship between Shadow Economy and Active Ageing

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  • Page: 163
  • Authors: Adriana AnaMaria DAVIDESCU, Catalin Corneliu GHINARARU
  • Abstract: The paper aims to analyze the relationship between the size of Romanian shadow economy expressed as % of official GDP and active ageing in order to see if the shadow economy represents a social buffer for active ageing phenomena using Granger causality analysis.
  • The size of Romanian shadow economy is estimated previously using a revised version of the currency demand approach based on autoregressive distributed lag (ARDL) approach to cointegration analysis.
  • Using Granger causality tests, we examine the relationship between employment rate for older people and the size of Romanian shadow economy covering the period between 2000 and 2010.
  • The empirical results revealed the existence of a long-run unidirectional causality that runs shadow economy to employment rate for elderly and do not support the existence of any short-run relationship between employment rate for older people and shadow economy.
  • JEL Classification: C51, E26, H20, H50, O17
  • Key words: shadow economy, currency demand approach, active ageing, Granger causality, Romania

Summary

The Analysis of the Efficiency of Trade Costs Management in Serbia

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  • Page: 195
  • Authors: Radojko LUKIC
  • Abstract: In conditions of prolonged economic crisis, trade profitability can be only to a certain extent improved by an increase in selling prices. Opportunities are by far better with cost reduction. For this purpose, it is necessary to manage costs more efficiently, primarily to have adequate system of their control. Based on original empirical data this paper analyzes efficiency of total costs - the cost of goods sold and operating expenses (i.e. determinants of their size and structure are envisaged) of trade in Serbia. In this context we analyze the size of margin of trade in Serbia, with a special focus on the trade of other countries, especially the developed market economies. The conclusion is that they are high (except labor costs) in relation to the cost of trade of other countries. Due to this, their decline (in particular, the cost of goods sold) can significantly increase the profitability of the trade in Serbia in the future. Among other things, there is an important role of increased use of the concept of the so-called "green economy" (which may contribute to the reduction of operating costs up to 30%).
  • JEL Classification: F65, L81, M40
  • Key words: cost of goods sold, operating costs, margin, efficiency, "green economy".

Effective Recruitment Challenges Faced by the Hospitality Industry in Bangladesh: A Study on Selected Star Rated Residential Hotels

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  • Page: 210
  • Authors: Kazi HUDA, Ali HAQUE, Rehnuma KHAN
  • Abstract: In Human Resource Management (HRM), Recruitment is the first and foremost issue to be considered with full of sincerity, because its role is to create a positive impression about the employer in the job market by ensuring effective stimuli for the job seekers. At the beginning, the study sets a picture that focuses on the importance of effective recruitment in the hospitality sector of Bangladesh and then the study details obligatory determinants of attracting efficient human resource for the development of this sector. The main objective of the paper is to study the status and the scopes of recruitment function in hospitality industry with focus towards star rated residential hotels. This study is based on primary data collection through a formal questionnaire. The questionnaire was of mixed mode with most questions in likert-type scale and few were dichotomous in nature. The key finding of the study is that recruitment is a highly challenging task in hospitality and it is quite evident that attractive compensation package is the key factor to attract potential employees. The need and scope to modernize the recruitment practices along with the line of company and employer branding ideas are also recommended in details. There is a long way to go on the way of conceptualizing and actualizing recruitment functions and practices. A paper like this can help to discuss and debate on the necessity of developing better recruitment cultural and conceptual change in these sectors.
  • JEL Classification: E2
  • Key words: Human Resource Management, Hospitality Industry, Recruitment.

The Performance and Efficiency of Islamic Banking in South Asian Countries

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  • Page: 223
  • Authors: Muhammad IRFAN, Yasir MAJEED, Khalid ZAMAN
  • Abstract: The objective of this study is to estimate and analyze the Islamic banks efficiency in South Asian Countries. The study sample consists of four countries i.e. Pakistan, Iran, Brunei and Bangladesh for being similar legal, social and economic framework for Islamic banking systems. Stochastic frontier approach is used to estimate the performance through input and output method for the period of 2004 to 2011. Results demonstrate that Islamic banking is efficient about 98.19% with respect to return on asset ratio; with respect to return on equity ratio is about 91.4% and 77.03% with respect to net profit ratio. As per the efficiency-ranking measurement, Brunei stands at top followed by Pakistan, Iran and Bangladesh among the South Asian countries.
  • JEL Classification: G21
  • Key words: Bank’s performance indicators, Islamic Banks, Stochastic frontier analysis, South Asian Countries.

Innovative Way of Optimizing the Manufacturing Processes on Parallel Production Lines in SME

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  • Page: 238
  • Authors: George Cristian GRUIA, Michal KAVAN
  • Abstract: The goal of the paper is to present a new way for scheduling the processes within and not limited to manufacturing companies. The aim of the paper is to offer the management of SMEs a revolutionary way for increasing the company’s productivity using a better planning and usage of the available resources. Author’s sequencing rules are presented together with their implementation methodologies and then are put to work into a Romanian middle size manufacturing company. Obtained data is statistically worked and conclusions are drawn. The paper is part of the authors’ yet not published work and represents partial results of their research in the field of Operational and Supply Chain Management.
  • JEL Classification: L23, M11, O14, O32, L15.
  • Key words: analysis, optimization, resource, SME, quality.

Increasing the Sustainability of Museums through International Strategy

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  • Page: 248
  • Authors: Izabela Luiza POP, Anca BORZA
  • Abstract: Museums use resources in order to provide public goods and services. The most important sources of income for many museums are budgetary subsidies. Unfortunately, these grants are limited and shrinking. In this context, during the last years the need for sustainable development of museums was stressed. In order to continue to operate, museums were forced to find ways of increasing their own income and keeping their costs under control. Thus museums have begun to use management and marketing strategies similar to those used by private companies. This paper examines the positive effects of international strategy implementation on museums’ sustainability. The first part of the paper explains why it is necessary to reform the traditional management of museums, which its main development directions are, what the sustainable development of museums is and why they should become sustainable. In the second part our research conducted on three museums (Guggenheim, Louvre, Hermitage) shows that international expansion helps museums to increase their sustainability. The international strategy enables museums to increase their revenue, through licensing agreements, reduce their storage costs, highlight their heritage, improve their market image and be closer to consumers. Thus, through a strategy applied until recently only in the private sector, museums can improve their sustainability, but also better fulfill their purpose of serving the society.
  • JEL Classification: F63, L32, L82, L83, M16, O10, O19, Q01, Z1
  • Key words: sustainable development, expansion, museums, licensing, international strategy

The Impact of Risks in Supply Chain on Organizational Performances: Evidence from Romania

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  • Page: 265
  • Authors: Gyula Laszlo FLORIAN, Alexandru CONSTANGIOARA
  • Abstract: The proposed empirical research uses a national sample of 64 Romanian companies from various industries to document the relationship between organizational performances and risks in the context of Romanian supply chains. Empirical findings show that a supply chain risk management strategy successfully mitigates the negative consequences of risks. Our research underlines the changes necessary to maximize the benefits of supply chain integration. To extend the knowledge in this area our research is interdisciplinary, using a structural approach to model the determinants of organizational performances in supply chains and to measure the complex relationships among risks in supply chains and different facets of organizational performances in the context of Romanian supply chains.
  • JEL Classification: C35, C54, M10
  • Key words: supply chain risks management, organizational performances, structural equations.

External CSR Communication in a Strategic Approach

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  • Page: 276
  • Authors: Diana Corina GLIGOR-CIMPOIERU, Valentin Partenie MUNTEANU
  • Abstract: As part of a strategic approach, aimed at assuring mutual benefits for the social cause and the business organization, a good CSR - Corporate Social Responsibility communication is vital for the success of a CSR program. We argue that there is not a problem with the legitimacy of the CSR concept, but rather to its implementation. If a business organization implementing socially responsible initiatives is focusing only on reaping the image benefits from a simple public relations perspective, then it loses all the potential business benefits it could gain from a strategic approach focused on long term real results in a win-win perspective. The fact that the image benefit is one of the most important incentives that a business organization could obtain for engaging in CSR activities cannot be ignored, and that is the reason why we have chosen to analyse the topic of CSR communication, mainly external communication, as an important link in the process of implementing a CSR program, that plays an important part for the success of a CSR program. The approach on CSR communication should definitely be a strategic one, and long already common forms of external CSR communication like web pages or CSR annual reports new means of social media networks have an increasing importance. For the practical part of the paper, we were interested in analyzing how much of the external CSR communication in the Romanian business environment is oriented toward a traditional or a strategic approach.
  • JEL Classification: L14, M14
  • Key words: corporate social responsibility, CSR traditional approach CSR, CSR strategic approach, CSR communication, channels of communication

High Performance Activity Practices in Small Firms in Romania

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  • Page: 290
  • Authors: Gabriela ŢUŢUEANU, Elena Claudia ŞERBAN
  • Abstract: High performance activity practices (HPAPs) are human resource management activities aimed at stimulating employee and organisational performance. The application of HPAPs is not widespread in small organisations. We examine whether the implementation of coherent bundles of HPAPs (aimed at employee ability, employee motivation or at theopportunity to perform) depends on the scarcity of resources, as reflected in the size of the company, and on strategic decision-making in small firms related to the owner’s expertise and attitudes. In our research, a total of 224 employees from 50 small organisations were asked to rate the presence of HPAPs in their organisation. These averaged perceptions were linked to information provided by the owner–managers on the size of their firm and their own expertise and attitudes. The findings support that smaller but coherent bundles of HPAPs can be found in small organisations and that the implementation of these bundles depends on available resources, strategic decision-making and the combination of the two. These findings highlight the need to integrate the notions of resource poverty and strategic decision-making to understand the uptake of bundles of HPAPs within small firms.
  • JEL Classification: D2
  • Key words: Available resources, organizational performance, performance activity practices, strategic decision-making.

Catastrophe Bonds. From Structure to Strategy – A Cluster Analysis at European Level

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  • Page: 304
  • Authors: Laura-Gabriela CONSTANTIN
  • Abstract: As a core activity and discipline of corporate management and corporate governance, risk management is, especially nowadays, a central part in pursuing the sustainable development desiderates, both from the perspective of the firm and of the society as a whole. Considering the negative impact natural catastrophes have on the companies’ and countries’ competitiveness, the development of sustainable financial products that make a contribution to transferring the risk and allocating the capital in case of disasters stands for a continual preoccupation, especially for the (re)insurance industry, while the study of catastrophe bonds – insurance-linked securities – is of interest in the specialized literature.
  • In this context, the scope of the present research is to expand the empirical studies within this field while examining the link between the structure of the catastrophe bonds and the risk management approach employed while accessing the capital markets through this transactions. The methodology entailed clustering a selection of transactions developed by European cedents based on the size of each issue and correlating the results with an innovative score, developed to encompass several important catastrophe bonds structural components. The findings reflect that the general structural elements of the financial transactions reflect closely the corporate approach regarding the innovative risk intermediation instruments for the examined catastrophe bonds deals. The outcomes also emphasize, as expected, that companies with a stronger presence on this market seem to have a more sophisticated risk management approach.
  • JEL Classification: C38, G32, G22, Q1
  • Key words: catastrophe (cat) bond, cluster analysis, risk management, sustainable development.

Customer Oriented System of Values Research

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  • Page: 318
  • Authors: Teodora ROMAN, Adriana MANOLICĂ, Laura GONDOR
  • Abstract: There is a wind of change in the past few years in the business environment regarding the customer value perspectives. This paper delivers a framework that entails the value creation development. Academics and business practitioners are interested in defining the concept of value and, more clearly, customer value. The objective met by the system of values in a company is to create principles that deliver the image of company internally and externally. It is about what the employees should know and what the customer should feel or see related to that company. It is very important from the point of view of competition in the market. The purpose of this study is to analyze and characterize through an econometric model the importance of customer oriented system of value in the companies from Iasi through a defined database. Identification of subgroups within the database could help elucidate trends and facilitate future model value building. The main objective is to reveal if the companies from Iasi have a stated or applied system of value and which is the place of customer-oriented value occupies in any system of value from the companies from Iasi. The foundations of the projects ensure that the design is conducted effectively and efficiently. Findings can be used as recommendations for the firms in Iasi because this paper considers and quantifies how the system of value of an organization is addressed and its importance in the context of the companies of Iasi County.
  • JEL Classification: M12, M14, M19, M39
  • Key words: customer-oriented value, organisational culture, system of values.

Marketing Management Relational Approaches Focused on Consumer’s and Customer’s Needs and Desires

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  • Page: 325
  • Authors: Gheorghe MINCULETE, Maria-Ana CHISEGA-NEGRILĂ
  • Abstract: Currently, because of the evolution in the knowledge-based society, the marketing reveals another dimension, the one of relational marketing, which represents the special relationship established between the company and its consumers, with win-win advantages over a long period. In these circumstances, the managerial approach of marketing has new connotations for a more efficient managerial approach of the new national and international business environment. Within the marketing management process of a company, consumers or customers play a very critical role as these are the people who finally buy the goods and services of the organization, and the firm is always on the move to make them buy so as to earn revenue. This article presents the managerial approach of marketing management concept toward the strategic planning of a company and the marketing planning focused on needs and desires of consumers and customers. Therefore, consumers are the beneficiaries of the general and marketing strategy of the company while customers are those who respond to the loyalty process established by the firm. In this context, the purpose of this analysis is to highlight the strategic planning process of a company by integrating the strategic and operational marketing.
  • In addition, we also consider important the issues related to Michael Porter’s generic strategies, which are thus presented in the context of relational knowledge within the process of marketing management. All these approaches are related to winning customers’ loyalty and obviously to customers' value that determines the company to achieve a value chain in the business process. Hence, the consumers and customers are the most important people for any organization. They are the resources which trigger the success of the business.
  • JEL Classification: L11, L 26, M21, M31, M53
  • Key words: marketing management, strategic planning, marketing planning, customers` value, value chain.

Managing the State Aid in Romania According to European Union’s Policy

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  • Page: 347
  • Authors: Cristian BUŞU
  • Abstract: The importance of state aid has gradually increased in the recent decades. Aid allocations in the EU Member States vary depending on the national priorities as they are set by each state. Starting from those facts, this paper presents the trends in Romania, as well as those at the European Union level, as a whole. The research is based on data analysis provided by Scoreboard reporting systems and, as a result, presents authors conclusions and recommendations for managing the State Aid in Romania.
  • JEL Classification: F35, P33, P45
  • Key words: state aid, management, European Union, Romania.

Water Stewardship and Corporate Sustainability

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  • Page: 358
  • Authors: Peter JONES, Daphne COMFORT, David HILLIER
  • Abstract: The aim of this paper is to provide an exploratory review of the extent to which some of the world’s leading companies are publicly addressing water stewardship as part of their corporate sustainability strategies. The paper begins with an outline of the growing importance of corporate sustainability and water stewardship. The paper draws its empirical material from the most recent information on sustainability posted on the top twelve ‘Consumer Superbrands’ corporate websites. The findings reveal that a majority of the selected companies address a number of elements concerning water stewardship as part of their more general approach to corporate sustainability. However corporate commitments to water stewardship can be interpreted as being driven as much by business imperatives as by any concerns for environmental sustainability or a desire to maintain the viability and integrity of natural ecosystems. More critically the authors suggest that the selected companies’ commitments to water stewardship are framed within existing business models focused on technological improvements in eco-efficiency and continuing economic growth. The paper provides an accessible review of the water stewardship issues being pursued by some of the world’s leading companies and as such it will interest academics, students, political commentators and business managers interested in water stewardship and corporate sustainability.
  • JEL Classification: Q01, Q56, M14
  • Key words: eco-efficiency; sustainability; technology; water stewardship.

The Impact of Strategic Human Resource Management on Organizational Performance

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  • Page: 373
  • Authors: Luftim CANIA
  • Abstract: Organizational performance is getting more and more important, especially in a market with greater competition and dynamic. Organizational performance is measured through different indicators. It guarantees the continuity of the organization to be competitive in a global marketplace. Normally, the implementation of performance indicators achieved through human resources. Human resources are the key for keeping the organization in the market so competitive. These human resources need to be managed effectively to achieve the required performance of the organization. It is necessary to manage strategically the human resources and to adapt at its strategy with organizational strategy. The aim of this study is focused on the impact of the strategic management of human resource in achieving organizational performance. This study was conducted based on primary and secondary sources. How much organizations appear competitive in the market through achieving the performance indicators? How important is the management of human resources in achieving organizational performance? So, through the skills, behaviors and attitudes would be expected by human resources to achieve the required performance in the organization.
  • JEL Classification: L25, O15, P17
  • Key words: strategic HRM, organizational performance, effective management, HR outcomes.

Summary

Environmental and Social Programmes and Rapidly Growing Retailers

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  • Page: 5
  • Authors: Peter JONES, David HILLIER, Daphne COMFORT
  • Abstract: This paper looks to provide an exploratory review of the extent to which the world’s fastest growing retailers are publicly reporting on their environmental and social commitments and programmes. The paper begins with an outline discussion of corporate environmental and social programmes and on public reporting processes. The paper draws its empirical material from the most recent information on environmental and social commitments and programmes posted on the world’s top twenty fastest growing retailers’ corporate web sites. While the majority of the world’s top twenty fastest growing retailers provide some public information on their commitment to environmental and social programmes there is marked variation in the extent, the nature and the detail of that information. The findings suggest that the integration of environmental and social programmes is not one of the hallmarks of rapidly growing retailers and in part this reflects the fact that many of the selected retailers are trading within emergent markets where price and availability are the principal factors driving consumer buying behavior.
  • JEL Classification: L81, R11
  • Key words: emergent markets, environmental and social programmes, rapidly growing retailers.

Awareness of Electronic Banking System among Management Students in Pakistan

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  • Page: 18
  • Authors: Zeeshan FAREED, Minhas AKBAR, Farrukh SHAHZAD, Muhammad ARSHAD, Allah RAKHA
  • Abstract: Electronic Banking is an essential sector of banking industry. E-banking services are gaining the attention of conventional bank’s customers rapidly. It has brought the revolutionary changes in the Pakistan banking industry in terms of customer and business perspectives. Electronic banking has got popularity in the developed as well as developing countries because it saves people time, reduces costs and people have access to all banking services on the click of a button. More often, the new innovated system allows the customers to touch their accounts at home using a mobile device or electronic terminals. This research paper focuses on growth and awareness of electronic banking among Management Students of the Okara, Pakistan. Questionnaire on 5 point Likert scale was developed to find the views of 200 respondents. Frequency distribution and correlation analysis were employed on data. The results revealed that 74% of the students are well aware about ATM and 82% of management students of our sample populations believe that e-banking is very convenient system of banking. 74% of the Management students feel secure when they have money in credit and debit card while 82% of the students prefer e-banking over traditional banking.
  • JEL Classification: M15
  • Key words: E-Banking, ATM, Plastic Money, Debit Card, Credit Card, Virtual Banking, Virtual Cash.

Job Satisfaction of Banking Sector Employees in the Federation of Bosnia and Herzegovina

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  • Page: 30
  • Authors: Emira KOZAREVIC, Amela PERIC, Adisa DELIC
  • Abstract: Banks worldwide are looking for new and creative ways to operate and achieve competitive advantages under the global recession conditions. The recession effects have forced the banks to look into more effective utilisation of internal resources and their potential. Human resources are recognised as the key element in successful business navigation through difficult market conditions, including competition with other banks and non-banking financial institutions. This is even more important for the banks operating in developing countries, where the effects of the recession are considerably harsher.
  • Many studies have acknowledged the direct link between productivity and the level of employee satisfaction. This work aims to establish and recognise some of the main factors associated with the job satisfaction of banking employees in the Federation of BiH and provide useful guidance to bank managers in this region and beyond, as a contribution to their continuous improvement efforts in business and people management during these challenging times.
  • The research is predominantly based on the survey conducted in the banking sector of the Federation of BiH in 2013. The survey sample covers 529 respondents that represent 7.4% of the overall banking employee sector base of 7,130. The analysis of survey results, supported by empirical research and the review of related literature, revealed that job satisfaction amongst the bankers is determined by a wide spectrum of factors such as: demographic characteristics, management and supervision, monetary compensation, non-monetary recognition, work environment, job responsibility and type of tasks, social atmosphere at work and general satisfaction with life.
  • JEL Classification: G21, M12, J24
  • Key words: banking sector, employee productivity, Federation of Bosnia and Herzegovina (Federation of BiH), global recession, job satisfaction.

Impact of Clusters on Innovation, Knowledge and Competitiveness in the Romanian Economy

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  • Page: 50
  • Authors: Cristina VLĂSCEANU
  • Abstract: The concept of clusters has become extremely popular in the recent years, as more and more practitioners and theorists refer to it.
  • From my point of view, clusters are the ideal structure for some companies to build their skills, knowledge and know-how together. To the same extent, this form of organization enables the creation of common structures / facilities, which allows the smaller firms or the ones that lack experience to learn from the ones with more experience and to benefit from their more advanced capabilities, and thus to grow together. Moreover, the participation, collaboration and cooperation of universities, institutes, research centers and other organizations/entities inside a cluster undoubtedly leads to the growth of the economic development of the region, from which the cluster is part of. In the case of Romania, the eight development regions could greatly benefit from the formation and implementation of clusters. With the shift to a knowledge-based economy and society, the difference, made by clusters and creative networks that promote innovation, is now clear. Thus, the purpose of this paper is to outline the benefits that can come from the development of clusters, and to highlight the impact of clusters on innovation, knowledge and competitiveness in the Romanian Economy.
  • JEL Classification: D83, O32, R11
  • Key words: Cluster, competitiveness, innovation, knowledge, networking.

The Composition Effect of Macroeconomic Factors on Foreign Direct Investment in Selected SAARC Countries

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  • Page: 61
  • Authors: Mehwish MALIK, Mushab RASHID, Khalid ZAMAN
  • Abstract: The objective of the study is to investigate the most promising economic variables i.e., foreign direct investment (FDI), exports and financial development on economic growth in selected South Asian Association of Regional Co-corporation (SAARC) countries. In addition, this study argued that whether FDI, Exports and financial development fosters or hinder economic growth in SAARC countries, for this purpose, panel data set of selected five SAARC countries namely, Bangladesh, India, Nepal, Pakistan and Srilanka considered for empirical consideration over a period of 1975 to 2011. By using two-stage least square (2SLSL) technique, empirical evidence on the effects of FDI, exports and financial development on economic growth is mix in terms of apriori expectations. In case of Bangladesh, exports and broad money supply (M2) is the positive and significant contributor to increase economic growth, whereas, M2 increases India’s GDP. FDI is the only significant contributor to increase Pakistan’s economic growth. In case of Nepal and Srilanka, broad money supply increases economic growth, whereas, due to high dependency on imports, exports could not considerably increases economic growth in those regions.
  • JEL Classification: C33
  • Key words: FDI; Exports; Broad money supply; Economic Growth; SAARC countries.

Green ICT Awareness in Organization - An Empirical Study in Romanian Companies

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  • Page: 78
  • Authors: Minodora URSĂCESCU
  • Abstract: Business strategy involves adopting the equilibrium between competitiveness and performance, on one hand, and the responsibility towards environmental goals, on the other hand. The transition to green economy becomes synonym with two structural transformations: firstly, the IT industry restructuration through the development of green information and communication technologies (green ICT), and secondly, the using of IT solutions, according to environment protection and sustainable development. The purpose of this paper is to assess the organizational behavior on adopting green information tools into the policies and processes of an enterprise. To conduct this research, a methodology based on an empirical study was used. Proceeding from an investigation that shows the concerns of some Romanian companies in green ICT concept and practices, the findings suggest a low awareness level about these subjects. Practical implications of the study refer to the fact that the results of research may be useful for managers who are looking to implement green ICT practices in their business strategy and the organizational processes.
  • JEL Classification: O33, M14, M15
  • Key words: green ICT, sustainable development, energy efficiency, server virtualization, environmental goals.

Knowledge Transfer Management in the Italian Agricultural Cooperatives

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  • Page: 88
  • Authors: Andreea MIRON
  • Abstract: Due to the close, direct relation with their members, cooperatives have an advantage over other forms of organization in achieving knowledge transfer. This research aims to identify the way in which the process of transmitting information and knowledge takes place in the Italian cooperative sector. The necessary data was collected by applying a questionnaire trough a structured interview to six agricultural cooperatives from the Region of Veneto. Issues such as the communication strategy, the relations with members and third parties and the main means of communication used, were analyzed. The results prove once more, the important role of these structures in optimizing the knowledge transfer process.
  • JEL Classification: Q01, Q13, 033
  • Key words: Communication strategy, cooperative, cooperative members, information, knowledge transfer management.

Drinking Water Supply Management through Innovative Methods and Finance in Municipal Councils of Mumbai Metropolitan Region

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  • Page: 100
  • Authors: Sanjay RODE
  • Abstract: Drinking water is a basic need of human being. Adequate, continuous and safe quantity of drinking water supply reduces the burden of diseases and improve standard of living of people. The water demand is continuously increasing with urbanization in Mumbai Metropolitan Region. The supply of drinking water is inadequate due to more demand by different units. The demand of drinking water is higher by population, commercial units, health care, educational institutions and industry. The deficit in supply of drinking water supply is observed in all the municipal councils of Mumbai Metropolitan Region. The Tobit regression shows that the water demand is positively co-related to the population, malls and theaters in all councils. Therefore the policies of public private partnership will bring good result in water supply infrastructure. The municipal councils should be allowed to issue municipal bonds to raise long term capital. The water use laws and awareness among people about scarcity of water will reduce water waste and improve its effective use. Government and municipal councils should look long term solution to reduce water scarcity in metropolitan region.
  • JEL Classification: D1, H7, I1, Q5
  • Key words: Equality, Health, Tariff

Management Behavior and Key Issues on Cereal Market

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  • Page: 114
  • Authors: Dan-Marius VOICILAŞ
  • Abstract: The paper analyses the evolution of the Romanian cereal sector, with special focus on the management behavior under the influence of the institutional and legislative framework. We concentrate our analysis on the main regions of cereal production. We look to put in evidence the transformations of the sector, challenges and tendencies by the analysis of the statistical data available, with examples from practice. In the same time, we intend to identify the key issues in the field. The results show a general positive evolution of the cereal market, both at national and regional level, but also the negative factors of influence on the development of the sector. The analysis opens new discussions about the role of the legislation, institutions and management of the business. We highlight the role of the cereal market and regions in Romanian economy and the ways of development in the context of high level of competitiveness among European Union countries and other countries in the world.
  • JEL Classification: M21, Q13, Q18
  • Key words: cereal market, key issues, Romania.

Strategic Management Analysis: Case of Erzeni LTD

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  • Page: 126
  • Authors: Alba KRUJA, Sidita RESHKETA
  • Abstract: In the last two decades Albania had shifted from a closed, communist economy to an open market where private sector has increased its influence, especially in production and trade sector. Today it can be studied and found the leaders of each sector by analyzing the position that these private companies have in the market.
  • Erzeni LTD is a company operating in the market for more than 17 years. The company‘s first operations were production and trade of home, office and school furniture, operations which later on were expanded in new product such as inside and armored doors.
  • Erzeni LTD, known also as the leader in wood/MDF based products, arranges its sale in three different directions:
  • 1. Sales in Albanian free market,
  • 2. Sales through fixed long-term contracts,
  • 3. Export sales.
  • In this paper it will be analyzed the past, present and future of Erzeni LTD, by developing an implementable strategy that would improve the future position of the company not only as an operator in the Albanian market but also abroad.
  • In order to develop the company`s strategies, the SWOT-TOWS analysis will be conducted in which it will be identified the strengths, weaknesses, opportunities and threats that the company is facing.
  • JEL Classification: M10
  • Key words: Strategic Management, Furniture Market, Exports, SWOT Analysis, Growth.

The Bullwhip Effect in Different Manufacturing Paradigm: An Analysis

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  • Page: 140
  • Authors: Shamila Nabi KHAN, Mohammad Ajmal KHAN, Ramsha SOHAIL
  • Abstract: Slight fluctuation in the customer demand produces huge fluctuations in the inventory and production levels of the upstream member of the supply chain. This is known as demand amplification or the bullwhip effect. The bullwhip effect produces huge inefficiencies along the supply chain, captures much-needed working capital by high inventory levels and results in dissatisfied customers. Analyzing a set of nine case studies, results show that agile manufacturing is best suited to deal with a turbulent market with unpredictable demand.
  • JEL Classification: M11
  • Key words: Bullwhip, Agile, Lean, Agility, Traditional, Manufacuring paradigm.

How Social Media Recruitment Influences Organizational Social Responsibility

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  • Page: 172
  • Authors: Gabriel-Andrei BREZOIU
  • Abstract: More and more employers declare they used or plan to use social media throughout human resources management processes. On one side, it is part of employer branding policy to offer relevant information to people about how it is to work in that organisation, including social media channels. On the other side, these means are really attractive regarding targeting options and reaching a wide range of applicants at a low cost.
  • This paper summarizes the main evolutions of social media use in businesses in general, but also in recruitment, in particular. Moreover, we consider the ethical implications and possible solutions.
  • JEL Classification: M12, M14
  • Key words: e-recruitment, ethics, human resources, social media, social responsibility.

Crude Oil Risk Management: the Optimal Hedge Ratio and Hedging Effectiveness Evolution

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  • Page: 181
  • Authors: Erica Cristina BALEA
  • Abstract: The main purpose of risk management is to reduce the cash-flows fluctuations of a company. In order to properly manage risks, the estimation of the optimal hedging ratio is needed. This paper analyzes the evolution of the optimal hedge ratio and hedging effectiveness for the Brent crude oil. Also, the relationship between the estimation period and hedge ratio, respective hedging effectiveness is studied. The results show that if the estimation period is increased, the mean and median of the hedge ratio decrease, converging to 1. Also, for longer estimation periods, the volatility of the optimal hedge ratio tends to decrease. It is found a positive relationship between the estimation period and the hedging effectiveness, with important implications on risk management strategies.
  • JEL Classification: G11, G32
  • Key words: hedging effectiveness, optimal hedge ratio, risk management, crude oil.

Summary

Employee Engagement: A Literature Review

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  • Page: 208
  • Authors: Dharmendra MEHTA, Naveen K. MEHTA
  • Abstract: Motivated and engaged employees tend to contribute more in terms of organizational productivity and support in maintaining a higher commitment level leading to the higher customer satisfaction. Employees Engagement permeates across the employee-customer boundary, where revenue, corporate goodwill, brand image are also at stake. This paper makes an attempt to study the different dimensions of employee engagement with the help of review of literature. This can be used to provide an overview and references on some of the conceptual and practical work undertaken in the area of the employee engagement practices.
  • JEL Classification: M10, M12, M19, M51
  • Key words: employees, leadership, engagement, performance, satisfaction, relationships.

Statistical Modeling of Stochastic Dependences between Variables that Characterize Labor Market in Romania for Taking Relevant Management Decisions for a Competitive and Sustainable Development of Labor Force

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  • Page: 216
  • Authors: Barbu Bogdan POPESCU, Lavinia Ştefania ŢOŢAN, Silvia Elena CRISTACHE
  • Abstract: The labor market is an important component of the entire economic system and for social-economic development. However, the labor market is known as the most inflexible of markets, the existence of the phenomenon of permanent labor mobility. After 1990, the Romanian society has experienced a series of economic and social transformation, new reforms covering all areas of activity. Increasing labor resources was accompanied by a continued reduction in employment and increase in unemployment. The government tried to initiate programs, including external funding to create jobs, but compared to the massive layoffs that occurred following the restructuring of sectors, the number of new jobs created has proved insufficient. The paper presents a multiple regression model for employment and prognosis for this until 2020.
  • JEL Classification: J20
  • Key words: employment, economic development, labor market, analysis.

Restoring the Economic Power of Russia through OFDI Expansion

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  • Page: 227
  • Authors: Imola DRIGĂ, Codruţa DURA
  • Abstract: When enterprises enter a new country they face the challenge to develop their acquisition and distribution systems. In this way modern management concepts are exported. Today, managers of multinational companies are more specialized in segmenting their activities and in finding optimal location for increasingly specialized forms of activity being able to adopt their products to local markets. These technological and managerial efforts have been extended by political that provided a larger opening than in previously closed economies. FDI is one of the most efficient means by which emerging markets become integrated to the global economy while FDI provides capital, technology and management know-how required by the restructuring of firms in the host economies. The propose of the paper is to analyze the growing importance of OFDIs from emerging markets underlining the fact that, in recent years, middle and low income countries, such as Brazil, China, India, Nigeria, Malaysia, Russia and South Africa, have become important in the global geography of capital flows. From among the BRIC countries, our paper will provide insights into the Russian economy, focusing on its goal of becoming a major outward investing country on a global scale. The expansion of Russian corporations to abroad, and particularly to Europe, raised many questions regarding the motivations behind their internationalization and led to a common acknowledged belief that they were tools of regaining political hegemony rather than pure economic entities. Given the complexity of the subject, the main objective of our paper is to explore trends for Russian OFDI and their impact upon the new balance of the global economic power.
  • JEL Classification: F20, F21, F23
  • Key words: BRIC countries, emerging markets, FDI flows, Russian multinationals.

Interest Rate Risk Management and the Use of Derivative Securities

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  • Page: 242
  • Authors: Ioana-Diana PĂUN, Ramona GOGONCEA
  • Abstract: This study aims to demonstrate the utility of derivative financial instruments for the management of interest rate risk that is faced by banks and financial institutions, and to provide an efficient flow of monitoring and control thereof. Banking institutions can now use a combination of balance sheet and off balance sheet measures, i.e. gap method, of interest rate risk management, in order to control exposure of short-term rates and derivatives to control the residual interest rate exposures.
  • The result of the study shows that banks can achieve better diversification and risk management using derivatives.
  • JEL Classification: G21; G28
  • Key words: interest rate risk, banking industry, derivative securities, risk management.

Human Capital as Source for Sustained Competitive Advantages in SMEs: A Core Competencies Approach

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  • Page: 255
  • Authors: Carlos M. F-JARDON, Miguel GONZALEZ-LOUREIRO
  • Abstract: Human capital is a source of competitive advantage, since it helps to build core competencies which position the company above its competitors. Core competencies are dynamic competencies of superior hierarchy, which integrate, build and reconfigure internal and external factors of business to create value. Core competencies are competitive advantages when an organization gets better performance than competitors. Human capital is source of competitive advantage but it possibly does not directly affect to performance. It needs to associate with other elements in core competencies. These associations are not well known. That is the goal of this paper: to determine how human capital affects the organizational performance through core competencies. We argue that human capital needs other intellectual capital-based elements to constitute core competencies which finally improve and yields above average performance.
  • JEL Classification: L21, L25, M21
  • Key words: Sustained Competitive Advantage, human capital; intellectual capital; SMEs, core competencies.

Exploring the Relationship between Human Capital Investment and Corporate Financial Performance of Jordanian Industrial Sectors

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  • Page: 277
  • Authors: Faris Nasif ALSHUBIRI
  • Abstract: The revolution of globalization, computerization and information technology has entered to Jordanian market. This phenomenon requires company's attention of human element and the acquired knowledge, experience and the development of the so-called concept of intellectual capital.(IC) In this study I used only the human capital as a part of IC. This study aims to exploring the relationship between human capital investment (HCI), and corporate financial performance. This study used an 11 industrial sectors listed of Amman Stock Exchange from 2005to 2011. Correlation analysis tests used in this study and the results indicate the high positive significant relationship between HCI and corporate financial performance related to, ROE , PTBV , log of sales , log of assets , DPS and ICR but no significant relationship between HCI and WCTO. The researcher recommends industrial companies to strengthen and stimulate the concept of human capital in the companies and the need for develop administrative innovation program. For future analysis may be used more sectors listed in market in addition used the all parts of intellectual capital related to structural and physical capital with corporate financial performance.
  • JEL Classification: G14, J41, M41
  • Key words: Intellectual Capital, Human Capital Investment, Corporate Financial Performance.

Economy and Transparency: The Model Invention

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  • Page: 286
  • Authors: Mahmud Hassan TALUKDAR
  • Abstract: Relation of Transparency and Economic growth is a long global debate in the society. Theoretically, policy makers, scholars and researchers argue that there is a close relation among these two variables. However, the quantitative relation and any global model is yet unrevealed. So, the main aim of this paper is to ascertain the nature, dimension and extent of the relationship between economy and Transparency as well as to invent a global model. This paper is useful for researchers, planners, policy makers and scholars who are directly or indirectly involved or willing to involve in the thrust for quantitative relation of these two variables. Literature review is the main source of information of this study. In introductory section, this paper briefly describes theoretical relationship of economy and Transparency as well as it also describes the proxy variables.GDP (2012) of different countries are used as proxy of Economy and Corruption Perception Index (CPI) scores (2012) of different countries are used as proxy of level of Transparency. In methodology section this paper describes the detail methodology, sampling procedure and level of analysis. This study randomly selects 30 countries (10 from higher CPI scores+10 from moderate CPI scores+ 10 from lower CPI scores) around the globe as sample. In the third section, this research presents the correlation value which divulge that there is a positive correlation (p=.047) with 95% confidence level. That reveals, if the level of transparency of any country increase, the GDP also increase accordingly. Then in this section two quantitative models are developed using linear regression analysis. First invented model is: Economy (GDP in billion US$) = [(8.983*Level of transparency) -108.11]. This paper termed the first invented model as “Mahmud EcoT Model-1”. This model calibrates that one unit improvement of transparency leads 8.98 billion US$ improvement in the GDP of a country. Then taking this unit change proportion, this research concoct second model for prediction purpose. The second invented model is: Predicted GDP in billion US$ of a country=Present GDP of the country +8.98*Targeted level of transparency improvement .The second invented model is termed in this research as “Mahmud EcoT Model-2”. This model is applicable for any country around the globe for prediction of economic growth according to the targeted Transparency level. In the last section, this paper briefly describes the application of the “Mahmud EcoT Model-2” taking Bangladesh and Romania as two case countries.
  • JEL Classification: C12, C31, D04, D73, O20, Y10
  • Key words: Economy, Transparency, Model.

Adding Value to Customers and Developing Brands through Electronic Newsletters

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  • Page: 297
  • Authors: Alexandra ZBUCHEA, Rareş MOCANU
  • Abstract: Online communication is highly efficient for contemporary business, in most market sectors. In this context, companies use several online instruments in order to achieve a wide array of objectives. Among these, online newsletters (e-newsletters) are widely used, since they offer a lot of benefits for companies. Since they are flexible in terms of format and content, they are suitable to address a wide variety of publics. Therefore, e-newsletters could be not just informative (as they are widely seen), but also could add-value to customers and support branding processes and relationship development. The present paper investigated various benefits of e-newsletters in this context and highlights some rules to ensure an effective added-value e-newsletter. The research made on the e-newsletters of 5 of the leading publishing-houses in Romania shows that, at least in this market sector, this instrument is not used at its full potential. It is considered in most cases a way to stimulate sales, either directly by announcing sales, or indirectly by announcing new books releases. In some cases news on events and on the activity of the publishing-houses are presenting, leading to image development.
  • JEL Classification: M39, L89
  • Key words: e-newsletter, branding, publishing industry, Romania.

Flexicurity of Work Force from Romanian Organizations as Compared with the Requirements of the European Union

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  • Page: 316
  • Authors: Ionuţ CĂŞUNEANU1
  • Abstract: Labor flexicurity within the organizations from EU countries represents an important objective for the fulfillment of the provisions of the "Lisbon strategy for more and better jobs". Flexicurity concept involves two components: flexibility of workers, respectively their capacity to adapt to labor market developments and to professional transitions and safety of workers, requiring them to advance in their careers, to develop skills and be supported by social insurance systems during periods of inactivity. This study presents the basic principles to be considered in developing the national flexicurity strategies and the directions should be acted to substantiate these strategies. As well references are made to the study "New skills for new jobs", the initiative of "Youth in movement" and to the "Lifelong Learning" Program. There are presented a series of benchmark indicators for the labor flexicurity.
  • JEL Classification: J21, J28
  • Key words: flexicurity, flexibility, labor security, strategies of flexicurity, policies of flexicurity, indicators on flexicurity.

The Creative Industries and New Trends in the Economic World

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  • Page: 327
  • Authors: Elena MARINOVA, Anca BORZA
  • Abstract: This article presents the re-branding of ‘cultural industries’ as ‘creative industries’ and new trends in economic world. The paper focuses on three central claims – first, the culture and the creative industry, second- the innovation and sustainability entrepreneurship and third represents the concept of creative industries cluster and new economy.
  • JEL Classification: Z11
  • Key words: creative industries, culture, innovation, new economy.

Cereals Market in Romania under the Impact of the Common Agricultural Policy

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  • Page: 333
  • Authors: Florentina CONSTANTIN
  • Abstract: The aim of this paper is to analyses the cereals market after Romania accession to European Union. Thus, I considered necessary and appropriate to achieve the dynamic analysis of production, prices, trade, consumption, and self-sufficiency that provides an overview on the evolution of the cereals market in Romania, in the European context, starting from resources representing the demand, to the uses that represent the supply. I also point out the main mechanisms and support instruments for the cereals market under the Common Agriculture Policy, in the period 2007-2013 and towards 2014-2020.
  • JEL Classification: Q11, Q18
  • Key words: Cereals, Production, Consumption, Self-sufficiency, Single Common Market Organisation.

Summary

Effects of Organizational Characteristics Factors on the Implementation of Strategic Human Resource Practices: Evidence from Malaysian Manufacturing Firms

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  • Page: 5
  • Authors: Hazril Izwar IBRAHIM, Khairul Anuar Mohammad SHAH
  • Abstract: The article investigates how organizational characteristics variables, such as firms' country of origin, firms' age and firms' size, influence the implementation of strategic human resource (SHRM) practices in organizations. The article contributes towards understanding whether there are similarities in the adoption of SHRM practices between firms according to the abovementioned characteristics. A total of one hundred and twenty-one (121) manufacturing firms in the electrical and electronic sector in Malaysia participated in this study. The study discovers that firms in this sector practices average to high level of SHRM practices. Finally, among the three organizational context variables, only firm size showed significant difference in firms' decision to adopt SHRM practices.
  • JEL Classification: M16, M50
  • Key words: Strategic HRM practices, country of origin, firm age, firm size.

Analysis of Deferred Taxes in the Business Environment in Serbia

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  • Page: 25
  • Authors: Savka VUĈKOVIĆ-MILUTINOVIĆ, Radojko LUKIĆ
  • Abstract: Flow-through model of income tax reporting in general purpose financial statements had a long history of use in Serbia. It was only in 2004 (and 2003 for banks), when the implementation of deferred taxes model started. It was inevitable, because IAS/IFRS became mandatory basis for preparing financial statements. In this paper we examine quality of deferred taxes disclosures in the financial statements of companies in Serbia. We also documented the most common temporary differences that arise in measuring accounting and taxable income and in that way we identified the major sources of deferred tax. We analyzed the materiality of deferred taxes and their effect on company's performance in Serbia.
  • JEL Classification: H21, H25, M41
  • Key words: book-tax differences, deferred taxes, disclosures, performance evaluation, Serbia.

Growth and Issues of Small and Medium Enterprises in Post conflict Jaffna Sri Lanka

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  • Page: 38
  • Authors: Sinnathurai VIJAYAKUMAR
  • Abstract: The growth and development of SMEs in Jaffna is vulnerable due to the three decades of internal war. Even having finished the war, there is no remarkable progress in the development of SMEs in Jaffna. Thus, main objective of study is to scrutinize the severity and degree of issues of small and medium enterprises in post conflict Jaffna. The second objective is to identify the growth status of SMEs in Jaffna. Self administered Likert scale questionnaire has been employed for the analysis of study. The results bring to light the fact that mean value of assets , value of turnover and mean value of number of employees as well as growth stages of SMEs clearly show that there is very poor growth of small enterprises in Jaffna. Another finding is that the mean values of all issues of SMEs are closer to one or two indicating that small enterprises of Jaffna have been undergoing several severe problems in the growth of business in post war. Government should give more priority in policy making to the development of SMEs of North and East where as political and economic climate should be conducive to flow foreign and local investment into North and East region. This is a first empirical study in regard to SMEs after 30 years civil War in the region. This study will be giving new insights to the policy makers and government. In addition, those who are interested in developing their business in the same region can acquire valuable information and knowledge about SMEs.
  • JEL Classification: L20, L25, L26, O17
  • Key words: growth, Northern Province, political climate, post civil war, small and medium enterprises.

Framework for Traffic Congestion Management

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  • Page: 54
  • Authors: Mahmud Hassan TALUKDAR
  • Abstract: Traffic Congestion is one of many serious global problems in all great cities resulted from rapid urbanization which always exert negative externalities upon society. The solution of traffic congestion is highly geocentric and due to its heterogeneous nature, curbing congestion is one of the hard tasks for transport planners. It is not possible to suggest unique traffic congestion management framework which could be absolutely applied for every great cities. Conversely, it is quite feasible to develop a framework which could be used with or without minor adjustment to deal with congestion problem. So, the main aim of this paper is to prepare a traffic congestion mitigation framework which will be useful for urban planners, transport planners, civil engineers, transport policy makers, congestion management researchers who are directly or indirectly involved or willing to involve in the task of traffic congestion management. Literature review is the main source of information of this study. In this paper, firstly, traffic congestion is defined on the theoretical point of view and then the causes of traffic congestion are briefly described. After describing the causes, common management measures, using world- wide, are described and framework for supply side and demand side congestion management measures are prepared.
  • JEL Classification: O18, R41
  • Key words: Framework, traffic congestion, causes, management measures

Actual Multimodal Transport Management, Support for Sustainable Development of the National Economy

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  • Page: 65
  • Authors: Alexandra Mihaela POPESCU, Daniel Frantz FISTUNG, Teodor POPESCU
  • Abstract: The importance of transport is no longer needed to be underlined. Despite all statistical numbers and whichever other analysis, it is obvious that a well developed transport system with certain leads to economic growth. The last decades lead to an unprecedented development of global foreign trade. Benefic from economic point of view, transport development determined a worrisome increase of environmental pollution degree. Minimizing negative effects produced by transport became a global priority. Multimodal transport is a sustainable alternative for transport development. Achieving an upgraded multimodal transport is a priority for all European Union countries, including Romania. In this paper, the authors make an ''x-ray'' of national multimodal transport, trying, at the same time, to find solutions to develop them.
  • JEL Classification: R4
  • Key words: multimodal transport, management, national, policy, sustainable

Does the Environment Responsibility Affect the Management Control System?

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  • Page: 84
  • Authors: Hichem DKHILI
  • Abstract: The literature suggests a problem emerging between management controls systems with the new responsibilities that companies must take into consideration. This study examines a system design management control tool orientation as behaviors that can overcome the uncertainties related to the environment and register the company in a voluntary approach which takes into account the environmental dimensions. A questionnaire survey sent to 306 Tunisian industrial companies was conducted. The results of the exploratory and confirmatory analysis are required. The results of the principal component factor analysis evidenced by Cronbach's alpha and KMO test, helped to cleanse the items selected from the literature. Similarly, the results of structural equations with indices of structural adjustment and parcimonies have devoted a good quality adjustment. Overall, findings suggest that most of the firm's environment is uncertain, more tools to include in its environmental dimensions. On the other hand, the voluntary integration of an environmental approach is part of a strategy of cost leadership in the Tunisian industrial companies.
  • JEL Classification: M41, M14, F64, F69
  • Key words: Management control system, Environmental responsibility, Environmental uncertainty, Strategy

Economic Possibilities and Management of Solar Energy Use in Tourism

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  • Page: 93
  • Authors: Marinela KRSTINIC NIZIC, Elena RUDAN
  • Abstract: Due to its geographical position and its climate conditions, Croatia as a tourism destination has numerous and completely untapped potentials in solar energy application. Every tourism coastal and island settlement could resolve their key issues in hotels, private accommodation, and other tourism bearers by applying the district heating/cooling systems. Specific condition along the Adriatic Coast should be indicated, with increase in energy security representing an important tourism factor. Authors' research, undertaken among the management of the Kvarner tourism destination, shows only 36% of hotels apply mostly one form of renewable energy source - solar energy, converting it into thermal energy for domestic hot water and heating systems, and seldom use photovoltaic systems for conversion into electric energy. Analysis of survey results of hotel management shows 64% of hotels use no forms of renewable energy sources, nor plan to apply them. The analysis results clearly indicate Croatian numerous benefits and opportunities for significant increase in use of renewable sources, particularly in camping tourism. Its efficacy depends on overcoming both the perceived and well-known barriers, and particularly on weak but in the future indispensable connection of all relevant policies - energy, industrial, agricultural, tourism, environmental protection, construction and areal planning - in order to ensure conditions for sustainable development, with renewable energy sources forming its essential part.
  • JEL Classification: L83, O10, O13, M10
  • Key words: energy independence, green camps, management, solar energy, support mechanism, tourism.

TitThe Strategic Plan for Tourism Development in Italy le

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  • Page: 106
  • Authors: Silvia ANGELONI
  • Abstract: Conceptual works on tourism destination competitiveness affirm the central importance of planning the process of value creation within destination. Italy is an emblematic case of why and how a leading tourism destination may lose competitiveness along the years. Up to the 1980s Italy was in fact the top international tourism destination, but then such ranking gradually decreased, because of more complexity of sector and, over all, because of marginality of tourism in the government agenda and more in general of the country. After years of strategic myopia, Italy finally has a tool that formalizes its vision and indicates the key factors that can be leveraged in order to regain ground. In 2013, Italy adopted a National Strategic Plan. Therefore, this paper aims to describe an important turning point in tourism policies for the economic and cultural development of Italy. The research highlights the problematic areas of Italy's tourism industry and explains how a new approach should make the Italian destination able to successfully compete on the international tourism market.
  • JEL Classification: M16, M38, O21, L83
  • Key words: international tourism competitiveness, Italian destination, Strategic Plan

A Perspective on the Applicability of the Quadripartite Model of Corporate Social Responsibility in the Organizations of the Western Development Region, Romania

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  • Page: 121
  • Authors: Cristina GĂNESCU, Andreea GANGONE
  • Abstract: This paper addresses the issues of social obligations that organizations have to society, starting from an analysis of the quadripartite model of corporate social responsibility described by Archie B. Carroll in 1979 and known by 1991 as the "pyramid of corporate social responsibility". The objective of this paper is to demonstrate that social responsibility dimensions do not exclude each other, but can in practice be approached by companies at the same time, but in different weights. A sociological survey conducted in the industrial organizations operating in the Western Development Region of Romania supports this hypothesis and, by creating a set of key factors, illustrates the reason why organizations tend to rely mainly on one or more of the specific dimensions of social responsibility. This research is, in our opinion, the first attempt to highlight the applicability of the model of social responsibility in businesses in Romania.
  • JEL Classification: M14, M21
  • Key words: corporate social responsibility, pyramid of corporate social responsibility, quadripartite model of social responsibility, social responsibility dimensions.

Models of Success for the Romanian Economic Organizations: New Characteristics of the National Competitive Advantage Mix

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  • Page: 135
  • Authors: Adrian-Gelu LUPU
  • Abstract: In the current period of uncertainty and economic stagnation, the national economies are trying to redefine and identify again the sources of the competitive advantage. The neo-Keynesian models are once more facing the liberal models, the austerity strategies are facing the investment strategies, the partisans of each of these opinions appreciating the opportunity of their own proposal. The results of the study come to align many of the specialists' efforts, to contribute to identifying the optimum way of combining the resources, the mix of measures that can provide the lasting competitive advantage of the national economy, and, finally, to identify the component elements of the ''Romanian diamond'' of generating success and increasing external attractiveness.
  • JEL Classification: F63, M21, O11
  • Key words: competitive advantage, national economy, private management, direct foreign investments

Integration Processes in the Dairy Industry: Ukrainian Experience

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  • Page: 146
  • Authors: Anatoliy G. GONCHARUK, Tetyana GAMMA
  • Abstract: The purpose of this paper is to determine the main directions of integration processes in the dairy industry of Ukraine. Since Ukraine's independence, situation in the dairy processing deteriorated substantially, that adversely impact on an activity result of dairy enterprises and agriculture's milk producers. The paper presents a theoretical hypothesis about the need to create a vertically integrated agricultural formation to improve the competitiveness of dairy production and ensuring sustainable development of the industry.
  • JEL Classification: O11, O13
  • Key words: Dairy industry, Vertical integration, Sustainable development, Ukraine.

Enterprise Policies for Tackling the Digital Skills Shortage

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  • Page: 161
  • Authors: Daniela BORISOV, Adrian TANŢĂU
  • Abstract: Nowadays as results of the turbulent crisis, economies are confronted with the effects of the financial crisis, consequently many European states members are faced with strategic challenges in decisions about personnel development. Some of industries have faced shortages in the digital skill attainment of the currently employed personnel, or short supply of IT-related personnel due to the inadequacy of new entrants on the labor market. These problems are encountered in several traditional industries affected too rapidly by the technological advance. Along to these aspects, there are other difficulties for employers and employees as well, such as structural changes in job offering in various sectors or disparity in the employees; age categories - because of high unemployment rates in youth for instance. These are complemented by fewer job opportunities for young individuals (eventually, graduates for the tertiary sector of formal education) that fit according to their specializations or even new type of skills' demand - much oriented on the digitalization. The paper intends to presents some empirical aspects raised from the statistical evidence useful to point out critical aspects in the domestic and eventually, European approach to entreprice policy, in developing proper curricula to empower the academic institutions to provide knowledge, to foster skills for current enrolled students. On short term already, the future workforce needs to be prepared for the digitalization of the professional activity, regardless the specific domain of work and, in this view; companies should be in the position to manage this potential crisis of the labour market.
  • JEL Classification: O30
  • Key words: digital divide, digital literacy, digital shortage/gaps, personnel policy

Investment Indicators and the Business Firms Dynamics

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  • Page: 177
  • Authors: Virginia CUCU
  • Abstract: The paper regards the link between the population of enterprises carrying out economic activity and pursuing investment projects of all sorts. The business demography statistics focusing on real enterprises population's events (such as births and deaths) is analyzed in terms of its descriptive statistical appearance in Romania to point out the divergent patterns as compared to some aggregates at the European Union level. Starting from the evidence that business dynamics revealed by the business demography statistics is a key source of information for analyzing the prospects of business and entrepreneurial activity, the paper suggests using a well known statistical measure - the z score to address the subject of the specific historical pattern in the companies' demography in Romania. The usage of enterprise birth rates, death rates and the two-year survival rates is chosen for statistical analysis as they are part of the structural indicators used to monitor the progress of the Europe 2020 agenda. The investment rate which is one of the key indicators for economic sector is provided for the euro area and some EU state members.
  • JEL Classification: D01, D22
  • Key words: business demography indicators, investment rate.

Estimating Companies and Sectoral Sustainability in Resource Consumption

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  • Page: 191
  • Authors: Ramona CRUCERU, Cristina PARTAL
  • Abstract: The economic growth during the last decades has been associated with a continuously increasing intensive use of material resources, in spite of the technological progress. The historical data over a century reveals that the current economic system supports to a certain degree the inefficient use of resources by allowing large waste, low conversions factors, pricing below true costs. The paper intends to address some interesting points based on observations derived from statistical evidence on resource indicators. The resource efficiency indicators relate to the following broad categories - overall (national) resource consumption/ efficiency and industry resource consumption/efficiency. In the paper, the first category is addressed by involving the resource productivity - measured as the volume of Gross Domestic Product in market prices (GDP) over Domestic Material Consumption (DMC), it is studied for the period 2000-2009 based on the Eurostat database. The indicator has increased by 16 %, with a slightly larger rhythm as compared to the growth in GDP (around 12 %) over the same period, indicating that in the EU27 there was placed in a separate and decoupled growth pattern from that one of domestic resource consumption. Yet the evolution was very specific at the member states' level depending on domestic context - the economic structure, the competitiveness level, the impact of financial crisis etc. Even if the most frequently used to estimate the efficiency of the resource consumption is resource productivity, the link with other time series or structure indicators bring to light new perspectives in revealing the patterns of consumption and policy actions to improve the resource efficient use.
  • JEL Classification: Q01
  • Key words: domestic material consumption, efficiency, productivity, resource consumption

Summary

Financial Management and Economic Growth: The European Countries Experience

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  • Page: 261
  • Authors: Nuno Carlos LEITAO
  • Abstract: The purpose of this research is to investigate the impact of financial development on economic growth applied to European Countries. The initial GDP per capita is negatively correlated with growth of real GDP per capita. Our study shows that there is convergence within European Countries for the period 1990-2009. This paper confirms relevant theoretical hypothesis as international trade and saving encourage the economic growth. The inflation has a negative impact on economic growth as previous studies.
  • JEL Classification: C23, F21, O4
  • Key words: European Countries, Financial development, Panel data.

Previsional Dimension of Management in Romanian Companies

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  • Page: 269
  • Authors: Ion VERBONCU, Ciprian NICOLESCU
  • Abstract: We will insist in our analysis on the managerial situation of the four types of firms defined by dimensional characteristics - micro, small, medium and large - working in almost all sectors: industries, trade, transport, agriculture, services, so on. Analysis of managerial viability refers to various fields, coming from the company's feature of ''management system'', as follows: strategies and policies, methodological, decisional, informational, organizational and human resource management, leadership, efficiency, effectiveness, competitiveness and sustainability of management system.
  • For this purpose were used important information sources, such as: results of a special survey developed during August - October 2011, based on questionnaire, dedicated to managers and specialists from enterprises, trainers from higher education, researchers and management consultants; interviews' results based on questionnaire of entrepreneurs and managers of SMEs with the occasion of achieving White Paper of SMEs in 2011, during March-April 2011; theoretical and pragmatic experience of the authors of this study and other members of Romanian Academic Management Society; authors' involvement in management consultancy offered to companies over the past 22 years and literature from our country and abroad regarding management of Romanian companies.
  • JEL Classification: M2, L10, L21, L26
  • Key words: competitive advantage, objective, prevision, SMEs, strategic priority

Generation Y: Views on Entrepreneurship

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  • Page: 277
  • Authors: Alina Daniela MIHALCEA, Andreea MITAN, Alexandra VITELAR
  • Abstract: Today's generation is described to be born for entrepreneurship but with the development of the online medium, new meaning to entrepreneurship is brought. The youngest generation also referred to as ''digitally native'' is inclined to use technology and the Internet in every aspect of their life, including their professional one. Following this line of thought, this paper's aim is to discover whether the Gen Y is, indeed, oriented towards entrepreneurship and whether they are more inclined to start an online business. Thus, by conducting a quantitative study among young students we are focusing on discovering the Gen Y's reasons for starting their own businesses, the obstacles they fear they might face, and the financial resources they consider and also reveal the qualities they believe they should possess in order to become successful entrepreneurs.
  • JEL Classification: L26, L81, M13
  • Key words: e-business, entrepreneurship, Generation Y

Collaborative Networks Development Based on the Convergence of Strategic Axes for Increasing Competitiveness

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  • Page: 288
  • Authors: Marian NASTASE, Alexandru ROJA
  • Abstract: The emergence and development of collaborative networks can be analyzed from different perspectives and different levels of complexity. Collaborative networks are formed and developed as a result of the strategic axes for increasing competitiveness. The dynamics and complexity of the business environment led to the innovation of business models and to the identification of new ways to capitalize the organizational potential. The main objective behind the emergence of collaborative networks is to capitalize on the organizational potential through collaboration. Organizational progress and economic development can be achieved through innovation, knowledge and transfer of knowledge and by making the best use o
  • JEL Classification: M10, M19, P13
  • Key words: strategy, collaborative networks, innovation, entrepreneurship, competitiveness

Conceptual Relationship between Information and Communication Technologies and Competitive Intelligence Activities

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  • Page: 297
  • Authors: NAME
  • Abstract: This paper aims to describe the conceptual relationship between information and communication technologies (ICT) and competitive intelligence (CI) by emphasizing the role of ICT in support of knowledge processes specific activities relevant to the viability of the organization. Assessing the value and role of ICT to support CI activities requires an understanding of the relationship between the two. This study argues that starting from either the ICT or CI side to this relationship and linking to the other, as most studies do, cannot secure a fully adequate conception of ICT's value and role to CI. In such context the challenge is to find an appropriate approach in the relationship itself and use it as a possible pattern for developing an understanding of both ICT and CI. For this reason, the paper starts with a brief overview of CI function and continues with a review of the possible uses of ICT in the activities of intelligence. The third section of the study aims to analyze the relationship between ICT applications and CI function. Finally, this study describes a number of problems identified in the use of ICT applications to support intelligence activities within organizations and also it discusses possible solutions to resolve these deficiencies.
  • JEL Classification: D80, M10, M15, O30
  • Key words: competitive intelligence, information and communication technologies, intelligence, competitiveness, information

Macroeconomic Indicators Used to Study the Efficiency of Investments in Renewable Energy Field

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  • Page: 308
  • Authors: Corina PIRLOGEA, Ion POPA, Corina FRASINEANU
  • Abstract: This paper aims to analyze the main indicators used to express the efficiency of renewable energy investments at macroeconomic level. Based on three econometric models, we present the calculation method of these indicators, along with interpretation. In the study are included countries with very high and high human development, member states of the European Union. Results indicate that all countries have a good economic efficiency of investments in renewable energy, but low social efficiency. As for the environmental efficiency of renewable investments, the findings reveal that only six European countries manage to direct their efforts to mitigate carbon dioxide emissions and in this way to have a high environmental efficiency of investments.
  • JEL Classification: C50, C82, E22, O13, O52, Q40, Q43
  • Key words: renewable energy investments, economic efficiency, ecological efficiency, social efficiency.

Evaluating the Socio-Economic Efficiency of Sport Activities at Macro-Systemic Level in Romania

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  • Page: 316
  • Authors: Sebastian Madalin MUNTEANU
  • Abstract: The importance of sport activities for the sustainable developed of different nations is one topic of practical significance in nowadays life. In this line of thinking, trying to fill the gap in the specialized literature, the aim of this research is to present a specific methodology and a set of dedicated indicators for quantifying the macro-systemic efficiency of sport activities in Romania, considering the fundamental economic and social role that sports have. Therefore, the empirical analysis for evaluating the macro-systemic efficiency of sport activities in Romania is based on the following series of specific indicators: number of legitimated athletes to 100,000 inhabitants; GDP per athlete capita; elasticity of GDP according to the expenditures allocated for sport activities. (Munteanu, 2011) The links between these indicators and the corresponding implications are deeply analyzed in the paper.
  • JEL Classification: L83, D61
  • Key words: Elasticity coefficient, Legitimated athlete, Sport efficiency, Sport federation, State expenditure for sport.

Investor's Commitment Bias and Escalation of Firm's Investment Decision

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  • Page: 327
  • Authors: Fadhila HAMZA, Anis JARBOUI
  • Abstract: This study examines the reasons of perseverance in firm's investment decision. It shows the possible influence of three closely related features which are: firm's financial indicators, investor's risk profile, and investor's commitment bias, on a firm's investment decisions escalation. This study aims to provide evidence as to whether investor considers the financial and risk's perception features (financial strength and risk profile) to persevere his initial investment decision while he notes a high level of commitment bias.
  • The proposed model of this paper uses GLM univariate data analyses to examine this relationship. Investor's risk profile and his commitment bias have been measured by means of a questionnaire comprising several items. As for the selected sample, it has been composed of some 360 Tunisian individual investors. Our results have revealed that investors pay more attention to keep their psychology comfort than their financial comfort. It exposed the importance of the investor's commitment bias and its risk perception in explaining investment decision escalation. Moreover results shows that there is strong and significant empirical relationship linking the escalatory behavior in investment decision and the interaction effects between the three independent variables. This means that, in practice, investors consider the three factors simultaneously.
  • JEL Classification: D2, G3, L2, L5, M1
  • Key words: commitment bias, escalatory behavior, investor's risk profile, firm's financial strength indicator, investment level.

Industry Risk: Main Factor of the Investment Decision Sustainability

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  • Page: 346
  • Authors: Felicia Alina DINU
  • Abstract: Organizations are veritable decision machines, whose performance depends significantly on the management optimization methods. Today, the business environment characterized by continuous, rapidly and unpredictable changes, require complex approaches on investment decision substantiation. One of the actual decision making challenges aims the development of a sustainable organizational management.
  • This paper analyzes the sensitivity of investments sustainability on industry risk value. The Romanian SMEs empirical study highlights significant influences of the business area risk on management decisions sustainability.
  • JEL Classification: M14, C12
  • Key words: industry risk, investment, model, sustainability, SMEs.

Techniques and Simulation Models in Risk Management

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  • Page: 354
  • Authors: Mirela GHEORGHE
  • Abstract: In the present paper, the scientific approach of the research starts from the theoretical framework of the simulation concept and then continues in the setting of the practical reality, thus providing simulation models for a broad range of inherent risks specific to any organization and simulation of those models, using the informatics instrument @Risk (Palisade). The reason behind this research lies in the need for simulation models that will allow the person in charge with decision taking inside the field of risk management to adopt new corporate strategies which will answer their current needs. The results of the research are represented by two simulation models specific to risk management. The first model follows the net profit simulation as well as simulating the impact that could be generated by a series of inherent risk factors such as losing some important colleagues, a drop in selling prices, a drop in sales volume, retrofitting, and so on. The second simulation model is associated to the IT field, through the analysis of 10 informatics threats, in order to evaluate the potential financial loss.
  • JEL Classification: C15, G17, M21
  • Key words: Monte Carlo simulation method, risk management, simulation

Performance Measurements, Critical Facts to Business Growth - Exemplification on Automotive Industry

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  • Page: 363
  • Authors: Ilinca HOTARAN, Andreea Ileana ZAMFIR
  • Abstract: An important consideration in the process of modeling business processes is that in order to improve, you must define the current state of work. Accordingly, the general argument for business growth based on performance measurement is that in order to improve the process in the future, you must know how activities are conducted in the present. The article presents the key elements of performance measurements in relation to business growth, taking also into account main challenges and obstacles. The author based the research upon a larger study of increasing performance, developed inside four companies from an extended supply chain in automotive industry, relating the theoretical discoveries in the field with the real business experience.
  • JEL Classification: M20, O1
  • Key words: performance, measurements, processes, automotive industry

Transaction Costs and Economic Performance: An Institutional Approach

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  • Page: 371
  • Authors: Cosmin MARINESCU
  • Abstract: The institutional arrangements, such as the property private order, market, law and other social institutions, governance, cannot function without certain costs. Such costs are not generally or necessarily measurable, but their identification helps understanding how the economic activity is organised and, therefore, appropriately explaining its performances. The study illustrates the fundamental theoretical research on the issue of transaction costs, as reflected in the institutional analysis entitled ''Transaction Costs Economics''. The inherent connection between the transaction costs and the entrepreneurial activity indicates the need to restate and extend the neoclassical approach. The argument calls up the institutional context of the property rights, which are in fact decisive for the manifestation of entrepreneurship. The restatement of the approach relates to knowing the fact that the property rights and the transaction costs influence the entrepreneurial activity and, therefore, the overall economic performances.
  • JEL Classification: B52, D23, O43
  • Key words: Economic Performance, Institutions, Property Rights Transaction Cost.

Evaluation of the Impact of State Business Relationship on the Economic Growth of Togo

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  • Page: 380
  • Authors: Somiyabalo BATCHA
  • Abstract: The lack of adequate business-led development policy is negatively affecting the development of free entry into more profitable business in Togo. Thus, this is negatively affecting the external competitiveness of the country. This paper before evaluating the correlation between State Business Relationship (SBR) and Gross Domestic Product (GDP) has investigated and explored the weaknesses in the business environment of Togo. This research has developed a formula for the calculation of SBR index and investigated the relationship between SBR and GDP by using Eviews version 6. This research finds that SBR is significantly contributing to GDP, hence strongly contributing to growth in Togo from 1960 to 2010. However, poor governance, administration deficiencies, bad state of infrastructure are the primary factors constraining business in Togo. Thus this requires the formulation of good institutional framework to facilitate free entry into more profitable business to enhance the development of Togo.
  • JEL Classification: A11, E2, E3, M21
  • Key words: state business relationship index, gross domestic product, business environment.

The Evaluation of US and Latin America's Corporate Governance Standards after Global Crisis

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  • Page: 392
  • Authors: Tran Ngoc Huy DINH
  • Abstract: There are many analytical papers and researches done in the field of examining and analyzing consequences of the Sarbanes Oxley Act (2002) and some done in the corporate governance in some Latin American countries. This paper chooses a different approach. First, it selects The US, Brazil and Chile, which represents for Latin American countries, as three (3) American countries to analyze their best suitable policies and corporate governance practices, in consideration of factors after crisis and scandals. Second, it aims to build a selected comparative set of standards for corporate governance system in the US and representative Latin American countries. Last but not least, this paper illustrates corporate governance standards that it might give proper recommendations to relevant governments and institutions in re-evaluating their current ones.
  • JEL Classification: G00, G3, G30
  • Key words: corporate governance standards, board structure, code of best practice, financial crisis, corporate scandals

Curriculum, Administrative Easiness, Educational Pricing for the Programme Enrollment Intention: A Case from a Private Higher Education Institution in Malaysia

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  • Page: 412
  • Authors: Dazmin DAUD, Dominic WONG, Wai Kee HO, Jasmine LAU
  • Abstract: Selecting a Higher Education Institution (HEI) is getting more challenging nowadays as there are many higher learning institutions in Malaysia. This paper is to discuss and find out main factors in Programme Enrollment Intention (PEI) for tertiary level students in independent variables of curriculum, administrative easiness and pricing. Regression analysis was used to study the causal relationship between PEI and independent variables. The findings indicate that curriculum and administrative easiness are two factors that have significant influence towards PEI. Discussion and limitations of the study are also discussed.
  • JEL Classification: M10
  • Key words: Programme Enrollment Intention, curriculum, administrative easiness, pricing, private higher education institutions

Premises and Challenges of Entrepreneurship in Romanian Rural Areas

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  • Page: 423
  • Authors: Raluca IGNAT
  • Abstract: The rural inhabitants need to face and survive structural changes in rural economy and, thus, to become more market oriented. Traditions and old skills were somehow lost and new activities were approached. In order to reach them, public policy intervened and supported several types of activities. The public authorities demand Romanian inhabitants from rural areas to be truly competitive in a fully shacked economy. Therefore, the research question is: what are the premises and challenges that Romanian inhabitants from rural areas confront to? Entrepreneurial skills of Romanians in rural areas are a matter of national interest. The problem of entrepreneurships has, at least, two meanings in the present paper: the premises and challenges of the free manifestation of private initiative and the importance of this manifestation for national economy. The approach is pragmatic, for public policy. The main objectives of the research are: to identify the premises and challenges of the entrepreneurship in Romanian rural areas and to elaborate relevant solution for public policy in order to conduct to robust rural economy as a result of entrepreneurial expression. Therefore, next financial plan of the Romanian national Rural Development Programme 2014-2020 needs to take into consideration the premises and challenges of entrepreneurship, as this is the only pertinent solution for added value creation in rural economy. And the strategic approach is to define the future profile of Romanian rural inhabitant.
  • JEL Classification: O13, O18, O52, R11
  • Key words: entrepreneurship, motivating factors, quality of life, rural development, public policies

Short Term Hedging Using Futures Contracts

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  • Page: 436
  • Authors: Maria CARACOTA DIMITRIU, Ioana - Diana PAUN
  • Abstract: The objective of this paper is to demonstrate the effectiveness of risk management portfolio using futures contracts to achieve hedging. The risk can be minimized once measured, and the traditional tool of market risk management is hedging. The objective is to identify the optimum position to minimize the variation in a contract concluded now. Clearly hedging portfolio will reduce not only risk but also profitability. In conclusion hedging aims risk management, no additional gain. Portfolio manager will have the opportunity to carefully consider the relationship between risk and return in order to act according to his profile and targeted results.
  • JEL Classification: C12, G11
  • Key words: Futures contracts, derivatives, hedging, OLS

Summary

Foundations of Team and Cooperation Management

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  • Page: 5
  • Authors: Alexandru W. A. POPP
  • Abstract: The present study is concerned with a realistic framework and model that managers can employ in order to increase the synergy of their teams (i.e. increase the cooperation between the members of a group) and to offer different devices for a proper team leadership. There are many elements that contribute to the profitability of a business and of a network, where the latter is dependent on the actions of actors involved in that specific network. This research focuses on the analysis of interactions between members forming different teams and between the teams themselves, as well as on the leader's management of the teams, members of teams and environment. A detailed description and analysis of laws, thus, their meaning and modus operandi, is provided. Laws are obligations backed by incentives. In order to properly understand today's business environment, a quick overview of supply chains is offered: there is no firm that is not using or not part of a supply chain. The responsibilities that a manager has towards his teams and members of the teams are also portrayed. The foundations of a mathematical (game theoretic) framework for the coalitions (teams) is presented in order to better understand the setting and also to build a model that can be used in different environments. An externality to which particular attention is given to is the deviation of teams' members. Moreover, certain recommendations, along with the reasons and outcomes regarding the management and administration of everyone involved in teams, are also conferred.
  • JEL Classification: L20, L23, M12, M51, M54
  • Key words: added-value coalition, deviator, laws, leader, supply chain

Skills Management: A Base for Increasing Economic Competitiveness in Romania

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  • Page: 19
  • Authors: Viorica CHIŞU
  • Abstract: The study incorporates an analysis of the performance of higher education system (the Bologna Model) from the perspective of evaluations made by companies. The main objective is to identify the competence areas required from fresh graduates for sustaining the contention of business enterprises and to analyse investments made by companies for developing talents within the framework of pressure generated by the economic crisis. The study take into consideration the partnership between the economic environment and higher education institutions as well as an anticipation of occupation trends for young graduates based on employee forecasts. Research results demonstrate the fact that the education system relies mainly on a transfer of knowledge and not on developing the competencies necessary for enhancing the employment chances of graduates or on their job performance. Only two out of ten employers are satisfied by the competencies demonstrated by graduates, the statistics being similar to the number of employers who collaborate with higher education institutions for providing adequate study programmes. From amongst the companies declaring that they provide continual development programmes, most invest in courses related to communication, team work and client orientation, although they are not satisfied with the graduates' abilities in solving problems, making decisions or in leadership. A weak collaboration between companies and educational institutions generates a lack of rapid response from the educational system to the requirements of the market economy, amplifying the deficiency of competences, especially in fields with continual technological development or in those where new occupations are constantly appearing.
  • JEL Classification: I23, I25, J24, M53, M54, O15
  • Key words: graduates' competence deficiency, economic crisis, competitiveness, training, graduate employment trends

A Cross-Cultural View of Strategic Competency: The Perspective of SME Entrepreneurs

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  • Page: 34
  • Authors: Noor Hazlina AHMAD, Hasliza Abdul HALIM
  • Abstract: The present study attempts to understand the prevalence of strategic competency among entrepreneurs in small and medium sized enterprises (SMEs) in Australia and Malaysia. A sample of 20 SME entrepreneurs from Australia and Malaysia participated in this study. A series of interviews were conducted to probe into the behaviours that delineate strategic competency among these entrepreneurs. The results showed that SME entrepreneurs in both countries highlighted the importance of strategic competency in managing and running their ventures despite some minor variations in terms of the practices across country. This study provides entrepreneurs with knowledge about the way they should operate their business and encourages them to be conscious of the importance of strategic competency in managing their business and increasing the odds of success. The study also shows that entrepreneurs are capable of minimising the negative impact of business environment if they are willing to equip themselves with strategic competency.
  • JEL Classification: M13, M14, M19, N35
  • Key words: Entrepreneurs, Culture, Strategic, Malaysia, Australia

Financial Distress in Small and Medium Enterprises (SMEs) of Bangladesh: Determinants and Remedial Measures

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  • Page: 46
  • Authors: Mohammad Saleh JAHUR, S. M. Nasrul QUADIR
  • Abstract: Financial distress in SMEs is a common phenomenon across the world, which has been a subject matter of academicians, professionals and government. Although SMEs are contributing to the economy in the form of employment, supply of products and services by using indigenous technologies, social entrepreneurship, income generating activities etc. SMEs are found most vulnerable to the macro-economic as well as internal management crises. Consequently, they fall into financial distress. In view of this, the present study has been undertaken aiming at identifying the causes of financial distress in SMEs of Bangladesh. The study has employed both financial and statistical techniques for analyzing the data collected for the study. The study has identified some potential problem areas related to financial distress such as rate adequacy, sales trends, indebtedness, management capability, financial planning, etc. The study has also identified some most important causes of financial distress such as fund management & resource crunch, poor accounting system, poor financial control, poor productivity and profitability and management succession. The study has finally come out some strategic and policy related measures for both viable and financially distressed SMEs for preventing them from the exposition to financial and operating risk.
  • JEL Classification: L20, L26, L53, M10
  • Key words: Financial Distress, Accounting System, Fund Crunch, and Productivity.

Reflections on the Competitiveness of Small and Medium Enterprises in Romania

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  • Page: 62
  • Authors: Ludmila (RAILEAN) PĂUNESCU
  • Abstract: The issue of competitiveness has become a hot topic at each actor of the economy from the economic regions to that of any organization. For these reasons, the owner or manager is interested in taking action on the development of small and medium sector, and thus, increase its competitiveness. Given the set, in this paper, we propose to determine and to highlight details of the actions undertaken or planned by government and local authorities to support the creation, development and strengthening of SME's, as a reflection of the recognition of the important role they play in the process of development.
  • JEL Classification: M10, L11, L21
  • Key words: competitiveness, the difficulties SME's, courses of action, development, measures

Knowledge Based Economy Assessment in Romania

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  • Page: 70
  • Authors: Ion Sebastian CEPTUREANU, Eduard Gabriel CEPTUREANU, Alina TUDORACHE, Fillip ZGUBEA
  • Abstract: Knowledge and ability to create it, access and use effectively, has long been both an instrument of innovation and competition and a key economic and social development. However, a series of dramatic changes in recent years have increased the importance of knowledge for generating competitive advantage. Ability to process and use information globally and instantly increased exponentially in recent years due to a combination of scientific progress in computing and distributed computing, exacerbation of competition, innovation in all its forms and cuts of operating costs in global communication networks. As barriers to access knowledge regarding a process, product or market are gradually decreasing (distance, geographical features, and costs), knowledge and skills are becoming increasingly a key to competitiveness, both locally and globally. This paper, based on a survey of 551 Romanian companies, address a sensitive issue of both business and academic fields - perception of knowledge based economy in Romanian companies. Its conclusion can guide decision makers in Romania to develop an integrated approach to foster knowledge based economy in our country.
  • JEL Classification: D83, O32
  • Key words: knowledge based economy, Romanian companies, awareness of KE, transition to KE

The Effects of Application of Lean Concept in Retail

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  • Page: 88
  • Authors: Radojko LUKIC
  • Abstract: Lean principles and techniques can be successfully applied in the retail sector. In the retail sector, lean approach improves operational flows. Lean retail encourages manufacturers to produce standard products in accordance with the created (placed) orders from retailers pursuant to the demand of their consumers. Characteristics of the retail market are: strong competition, shorter product life cycle, longer product development time and high sensitivity of demand. In order to be more competitive and profitable today's retailers operate strategically oriented to lower prices and gain exemption from holding unnecessary stocks. Lean retail is an example of best practices of successful operational strategies which management need to accept - to maximize the operating efficiency of the retail process.
  • JEL Classification: D40, L11, L25, L81, M30, M40, M41
  • Key words: Toyota production system, the transformation of retail operations, waste, consumption, distribution, agile supply, efficient consumer response.

A Theoretical Bayesian Game Model for the Vendor-Retailer Relation

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  • Page: 99
  • Authors: Emil CRIŞAN, Ilie PARPUCEA
  • Abstract: We consider an equilibrated supply chain with two equal partners, a vendor and a retailer (also called newsboy type products supply chain). The actions of each partner are driven by profit. Given the fact that at supply chain level are specific external influences which affect the costs and concordant the profit, we use a game theoretic model for the situation, considering costs and demand. At theoretical level, symmetric and asymmetric information patterns are considered for this situation. There are at every supply chain's level situations when external factors (such as inflation, raw-material rate) influence the situation of each partner even if the information is well shared within the chain. The model we propose considers both the external factors and asymmetric information within a supply chain.
  • JEL Classification: M19
  • Key words: game theory, supply chain management, symmetric information, asymmetric information

Economic Performance of Organic Farming in Romania and European Union

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  • Page: 108
  • Authors: Florentina CONSTANTIN
  • Abstract: This study aims to offer an overview of the current status of organic farming in Romania and European Union. Items related to organic farming are approached, namely: conceptual framework, principles, national and community legislative and regulatory framework, sustaining policy of organic farming, as well as the comparative analysis of organic farming sector in Romania and other states of the European Union.
  • JEL Classification: Q15, Q18
  • Key words: organic farming, environment protection, health, Good Agriculture and Environment Conditions

The Optimization of the Local Public Policies' Development Process Through Modeling and Simulation

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  • Page: 120
  • Authors: Minodora URSĂCESCU , Cleopatra ŞENDROIU, Ioan RADU
  • Abstract: The local public policies development in Romania represents an empirically realized measure, the strategic management practices in this domain not being based on a scientific instrument capable to anticipate and evaluate the results of implementing a local public policy in a logic of needs-policies-effects type. Beginning from this motivation, the purpose of the paper resides in the reconceptualization of the public policies process on functioning principles of the dynamic systems with inverse connection, by means of mathematical modeling and techniques simulation. Therefore, the research is oriented in the direction of developing an optimization method for the local public policies development process, using as instruments the mathematical modeling and the techniques simulation. The research's main results are on the one side constituted by generating a new process concept of the local public policies, and on the other side by proposing the conceptual model of a complex software product which will permit the parameterized modeling in a virtual environment of these policies development process. The informatic product's finality resides in modeling and simulating each local public policy type, taking into account the respective policy's characteristics, but also the value of their appliance environment parameters in a certain moment.
  • JEL Classification: H83
  • Key words: dynamic systems with inverse connection, expert simulator of local public policies, expert system, knowledge base, working memory.

Challenges in Implementing FP7 Projects in the Public Institutions

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  • Page: 129
  • Authors: Viorel VULTURESCU, Nicoleta DUMITRACHE, Daniela VASILE, Constanţa-Nicoleta BODEA
  • Abstract: National Authority for Scientific Research (ANCS) and Executive Unit for Higher Education, Research and Development and Innovation Funding (UEFISCDI) participate to several projects funded under the Framework Programmes, since 1998. The staff from each the two organisations participating in projects are merely the same, typically from ''international cooperation'' departments. In each of the two organisations, dedicated teams were set and a distinct specialization emerged. In this respect, dedicated procedures and good practices in project management were developed. Even the Framework Programs had different structures and the focused was different (e.g. knowledge creation, EU problem solving, scientific support for policies and programs, etc.), the funding instruments (projects) were not radically different from a Framework Program to another, so the staff could gain experience in managing this type of projects. Experience and expertise gained during this long period of time led to definition of a general framework within the two institutions and setting up of a general guideline for participation to this type of projects. The main dimensions of this framework are: project team organization, project management process, managing results and risk, organisational framework, good practices, factors which ensure success in project implementation. The paper presents a specific framework for FP 7 project implementation and how this framework is applied by both organisations, a set of rules and procedures that should be followed by any organisation, in particular governmental ones, participating in FP 7 projects and a set of good practices developed by ANCS and UEFISCDI.
  • JEL Classification: H00, H79, O22
  • Key words: projects, scientific research, project management, 7th Framework programme, European Union.

The Impact of Public R&D Funding on Open Innovation

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  • Page: 142
  • Authors: Pekka SALMI
  • Abstract: While the effects of public R&D funding on innovation inputs, outputs and strategies of firms have been studied extensively, little is known about the impact public R&D funding may have on open innovation practices. We made several hypotheses about different effects of public subsidies from the open innovation point of view and then tested these hypotheses with data that comes from a survey on innovation practices in China, Finland and Spain. More specifically, the prevalence of open innovation in a country was hypothesized to be related to the level of public R&D funding. The results show that Chinese firms make external technology/IP acquisitions more often, as well as engage more frequently in selling of intellectual assets, than their Spanish (and Finnish) counterparts. The results also show that Chinese firms are less likely to make new collaboration agreements after participating in publicly funded R&D projects. The findings therefore generally support the idea that a lower level of available public R&D funding facilitates the adoption of open innovation practices in firms.
  • JEL Classification: H25, O32, O34, O38
  • Key words: intellectual assets, open innovation, public subsidies, R&D collaboration.

On Innovation: A Theoretical Approach on the Challenges of Utilities Marketing

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  • Page: 164
  • Authors: Florina PiNZARU
  • Abstract: One of the markets not long ago closed and completely regulated is now in the growing process of liberalization and deregulation: it is the utilities market we refer to (water, sewege, gas, electricity, waste collection). The deregulation of a market is usually followed by the appearance of competition expression conditions and, unassailably, the occurrence of specific marketing strategies. This paper investigates the specific of utilities marketing as it develops now, an bourgeoning domain, although with a rather discreet presence in this field's theoretical analysis studies. Exploratory research on the analysis type products, promotional offers and communication of this market's players shows an effervescent players practice, but also a continuous innovation necessary in a market where consumers are unfamiliar with bein persuaded by commercial means.
  • JEL Classification: M21, M31, L90
  • Key words: utilities, energy, business-to-business, business-to-consumer, innovation

An Empirical Investigation of External Debt - Military Expenditure Nexus in Bangladesh

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  • Page: 173
  • Authors: Khalid ZAMAN, Qazi Shujaat MAHMOOD, Muhammad Mushtaq KHAN, Awais RASHID, Mehboob AHMAD
  • Abstract: The objective of this paper is to empirically investigate a two-way statistical relationship between the real external debt and real military expenditure in the context of Bangladesh. A time series co-integration and Granger causality tests have been employed from 1980 - 2009 for analysis. The empirical results support the bi-directional causality between the external debt and economic growth, while unidirectional causality runs from military spending to external debt.
  • JEL Classification: H00, C1, C2
  • Key words: Bangladesh, Cointegration, Granger causality, Real Arms import, Real External debt, Real Military expenditure.

Taylor Principle Supplements the Fisher Effect: Empirical Investigation under the US Context

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  • Page: 189
  • Authors: Mohammed Saiful ISLAM, Mohammad Hasmat ALI
  • Abstract: This paper reviews the short- and long-run dynamics of interest rate and inflation of the United States. Basing upon quarterly as well as monthly data over the period 1957 to 2010, we find evidence that interest rate behaviour of the Federal Reserve is consistent with the Taylor principle in short run and with the Fisher hypothesis in long run. Entire sample justifies the existence of a long run cointegrating relationship between federal funds rate and inflation characterised as the Fisher effect. When data are split into different subsamples, the cointegrating relationship disappears. Interest rate dynamics of pre-1980 and post-2001 neither track Fisher hypothesis nor Taylor principle, rather represent substantial discretion.
  • JEL Classification: E43, E52, E59
  • Key words: Fisher Effect, Monetary Policy, Taylor Principle

The Impact of Tourism Sector Development in the Albanian Economy

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  • Page: 204
  • Authors: Alba KRUJA
  • Abstract: Today tourism is viewed as one of the largest and dynamically developing sectors of external economic activities in the world. The development of tourism sector is associated with considerable volumes of foreign currency inflows, new employment opportunities, infrastructure development, and new management experiences. All of these together positively contribute to the social and economic development of the countries. Beside these there are also other effects of tourism which will be considered in this paper. The aim of the research is to examine the impact of tourism sector development on the country economy. The methods of research are: analysis and synthesis of the scientific literature discussing the positive and negative impacts of tourism sector on the social and economic development of the countries; the systematic statistical data analysis of the direct contribution of the sector on the GDP and employment of Albania as a country in its infancy of development, compared to other European countries in maturity. The statistical data used in this research is provided by INSTAT (Albanian Institute of Statistics), AKT (National Tourism Agency) and TSA (Tourism Satellite Account), a methodology quantified by the UN Statistics Division for the statistical data provided for the direct contribution of Travel & Tourism.
  • JEL Classification: L8
  • Key words: Albania, Economic Development, Tourism Sector.

Analysis of Foreign Direct Investment Determinants at the Level of a County in Romania

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  • Page: 219
  • Authors: Răzvan Cătălin DOBREA, Elena ŞERBAN
  • Abstract: The attraction of the foreign direct investment (FDI) represents a major challenge both at macroeconomic level from the perspective of the central public authorities and at the microeconomic one from the point of view of all entities involved in this process. While the FDI attraction problem is widely debated in the specialty literature at macro level, at micro level the representative solutions and models are still being searched for. The main objective of the realized research was the identification and analysis of some FDI attractively variables, on the example of a county in Romania. Based on the obtained results we proposed the development of a model, available both for the potential investors and for other regions with lower performances in order to improve the situation.
  • JEL Classification: O16, R53, M21
  • Key words: foreign direct investment, county, determinants, Romania

Knowledge Transfer in Virtual Communities

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  • Page: 227
  • Authors: Chiva Marilena PAPUC
  • Abstract: Increasing development of information and communications technology, continuously transform how the world transmit, receive and manage information. Knowledge transfer switch from classic source - passive receiver to a more complex model, where each receiver can become a new source that regenerates and is thought to enhance the information received by adding its own added value and further resending it to an enhanced group of new receivers, often bigger than initial group. A current study performed jointly by State University of Milan and Facebook revealed that the degree of separation between any two people fell through six levels (as Stanley Milgram's theory, 1960) to less than four between Facebook users, shows that new patterns of social communication tend to transform humanity from a sum of individuals in a common consciousness, able to act in the common interest of humanity.
  • JEL Classification: O33, A14
  • Key words: cKnowledge Transfer, Social Communication, Open Source, Creative Commons.

The Digital Divide in Romania - A Statistical Analysis

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  • Page: 240
  • Authors: Daniela BORISOV, Elena ŞERBAN
  • Abstract: The digital divide is a subject of major importance in the current economic circumstances in which Information and Communication Technologies (ICT) are seen as a significant determinant of increasing the domestic competitiveness and contribute to better life quality. Latest international reports regarding various aspects of ICT usage in modern society reveal a decrease of overall digital disparity towards the average trends of the worldwide ITC's sector - this relates to latest advances of mobile and computer penetration rates, both for personal use and for households/ business. In Romania, the low starting point in the development of economy and society in the ICT direction was, in some extent, compensated by the rapid annual growth of the last decade. Even with these dynamic developments, the statistical data still indicate poor positions in European Union hierarchy; in this respect, the prospects of a rapid recovery of the low performance of the Romanian ICT endowment and usage and the issue continue to be regarded as a challenge for progress in economic and societal terms. The paper presents several methods for assessing the current state of ICT related aspects in terms of Internet usage based on the latest data provided by international databases. The current position of Romanian economy is judged according to several economy using statistical methods based on variability measurements: the descriptive statistics indicators, static measures of disparities and distance metrics.
  • JEL Classification: O33, A14
  • Key words: digital divide, statistical indicators, Romania

Summary

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  • Page: 285

Study Regarding the Ways of Measuring Cities Competitiveness

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  • Page: 288
  • Authors: Ruxandra Irina POPESCU
  • Abstract: Given that more than 50% of the world population lives in urban areas, tackling the problem of urban development is placed in the context of recognizing the role of cities as economic engines, a role undergoing through permanent and changing demand. As globalization intensifies, cities enter into a fierce competition to gain attention, influence, sales markets, investment, to attract businesses, visitors, residents, talent and, last but not least, major events; obviously, competition is not anymore represented by neighbouring areas, but by regions and countries located anywhere in the world. In this context, it is necessary to characterize and prioritize urban areas within a country, to use a number of criteria and indicators showing the economic and social development achieved by the various cities. The conclusions drawn from the analysis of indicators generated by a particular type depending on a number of criteria can represent the starting point in formulating strategies and objectives established through strategies and programs that target urban and regional planning.
  • JEL Classification: O18, R19
  • Key words: cities, competition, competitiveness, key indicators for measuring competitiveness, urban development

Innovation - The Key Factor in Global Trade Flow

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  • Page: 304
  • Authors: Nicolae MOROIANU, Daniel BELINGHER
  • Abstract: This paper presents in its first part several theoretical approaches on the impact that the innovative factor has globally on the trade circuit. The last part of the paper reveals a quantitative approach of this matter, using an econometric study, which emphasizes the gross expenditures allocated for R & D in European Union and also the exports level towards areas outside EU, during 2002-2009.
  • JEL Classification: O31, O32, O52
  • Key words: innovation, research-development, trade

Considerations about Intellectual Property Rights, Innovation and Economic Growth in the Digital Economy

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  • Page: 310
  • Authors: Carmen Nadia CIOCOIU
  • Abstract: Three technological trends—the omnipresence of information in digital form, the generalised use of computer networks, and the rapid proliferation of the World Wide Web—have profound implications for the way intellectual property (IP) is created, distributed, and accessed by every sector of society. In the last ten years much discussion of these issues has occurred in the literature and political and legislative domain. The information infrastructure offers an extraordinary ease of access to a vast array of information and peril for information to be reproduced inappropriately and for information access to be controlled in new and problematic ways. IPR regimes affect the diffusion of scientific knowledge, the innovation process and, ultimately, economic performance. Information technology raised some problems regarding the protection of intellectual property and drived to the discovery of a large number of solutions during past years. This paper's purpose is to reveal what is the situation regarding IPR protection, economic growth and innovation in Romania, in the context of digital economy.
  • JEL Classification: O34
  • Key words: intellectual property rights (IPR), innovation, economic growth, digital economy, Romania

Contributions to the Development of a General Methodology for Innovation and Forecasting

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  • Page: 324
  • Authors: Gabriela IONESCU, Ion IONITA
  • Abstract: The paper presents authors' contributions to the achievement of a first variant of the innovation and forecasting methodology. The various tools of TRIZ methodology (laws of systems development set for technical systems, the matrix of contradictions, the 40 inventive principles, the 39 parameters, Su-Field analysis, the method of the 9 screens etc) are already available, or can be customised to the specific type of the organization system. The TRIZ methodology for economics was embedded in a more general methodology for innovation and forecasting. The eight laws of evolution systems were customised to economics. The authors also make a comparative analysis of the technical TRIZ matrix to the company management matrix. Based on the analysis performed, it can be concluded that a general methodology can be prepared for innovation and forecasting, making use of TRIZ methodology, by customising some classical instruments of the technical field, and bringing in other specific economic tools.
  • JEL Classification: C53, E17
  • Key words: innovation, forecasting, matrix, methodology, TRIZ

Differences Awareness Model to Fundament Long Term Strategy Extension in a New Emerging Market

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  • Page: 332
  • Authors: Elena Madalina SERBAN
  • Abstract: The globalization opened the opportunity for multinational companies to increase their businesses in emerging markets and also to local giants from developing countries to step in the western markets. The objective of this paper is to propose a model for analyzing the differences between operating businesses in emerging markets and developed markets. The model purpose is to be applied in the strategic process by mainly the multinationals or local giants intending to develop long term businesses outside their traditional geographies. The studies on emerging markets identified two main axes to be considered when appreciating the attractiveness of the markets: the business dynamics both inside and outside the company and the institutional environment, as facilitator of efficient encounter between sellers and buyers.
  • JEL Classification: M11, L2
  • Key words: business dynamics, developed markets, strategy, emerging markets, institutional environment

Economic Indicators of Condition and Tendencies of Serbian Economy

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  • Page: 348
  • Authors: Zorica SREDOJEVIC, Marko JELOCNIK, Jonel SUBIC
  • Abstract: Global economic crisis has, following financial crisis, hit real sector, and as after effect, large number, mostly developed countries in the world are in recession. Serbian industry is also influenced by global economic crisis. Outer debt is significantly and constantly increasing since beginning of transition process. Main cause to it is rather large disproportion between import and export. Trends in structure of outer debt indicate on notable decrease of national debt on account to private one, during whole transition period. On short term there is no significant risk for country on account of outer debt, but for long term elimination of this risk, it is necessary to considerably increase total export. Former policies should be linked to unconventional employment initiatives, as for new labour, as for redundant ones from restructuring economy branches. State has prominent role in transition process, by helping market exhibit its functions through physical and institutional infrastructure, as well trough public sector, removing most of the market obstacles, and stimulating technical-technological development and education.
  • JEL Classification: A10, E0, E29
  • Key words: economic indicators, economy, transition, tendencies

Investment Process in Romania and Institutional Dysfunctionalities

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  • Page: 359
  • Authors: Dan Marius VOICILAS
  • Abstract: The concepts set out and the macroeconomic policies implemented during the past twenty years have been different and controversial. They have aimed at creating an economic environment conducive to the infusion of foreign capital and development of sectors considered as a priority at that time, which can ensure a sound macro-economic stability, taking into account the fact that there is not enough domestic capital to participate in achieving these objectives. In this paper we will focus on foreign direct investment (FDI) policies designed to promote them, their effects on national economy in general terms and features of investment in rural and agricultural sector, which we consider key elements of success in economic growth. Also, the institutional framework in which the investment process took place is thoroughly addressed given that most times the general investment climate of a certain market is influenced both by legislation and the institutions involved in economic life. The experience of transition and the experiences of other countries have shown how important are institutions created to coordinate, support and control of investment activity. We included in this analysis institutions and organizations in Romania with responsibilities in the investment field. Based on this analysis, and on the contributions of institutions to create the proper economic development, but also by investors' direct contribution to the creation of this framework by policy makers recommendations, it is obtained a profile of the business environment in Romania, including what is best but what is missing and it needs to be implemented. We consider that this approach is an important step in addressing the institutional investment process and it creates prerequisites of disseminating essential information and remedial implications to stakeholders.
  • JEL Classification: G28, O11, Q19
  • Key words: business environment, foreign direct investment, institutions, investments, Romania

Country Risk Importance on Investment Decision Making

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  • Page: 371
  • Authors: Elena Mihaela ILIESCU, Felicia Alina DINU
  • Abstract: Given the controversies, especially from the last period, in terms of credibility of the major international rating agencies, this article aims to assess the correlation between country risk ratings and the evolution of FDI flows in the receiving economies. In this regard, we chose to analyze the degree of these influences manifestation in Romania. The study, based on statistical information on the rating granted to Romania and the value of foreign direct investments during the period between 2000 and 2010, confirms the indirect natural connection of the two indicators. Thus, the results show that, when the rating falls in an immediate lower class, foreign direct investments are reduced by 1173.76 billion Euros, which represents 27.2% of the investments average mean made within the 11 analyzed years. Conversely, we can observe an influence of 0.05% of FDI on Romania's rating.
  • The data obtained demonstrates the interdependence between the two indicators, however, a low correlation can be observed. The qualitative analysis performed, showed arguments that support the decrease in importance of rating, such as: reducing the credibility of rating agencies as a result of exposing the weak points from the methodologies applied, granting of incorrect ratings, the inability to foresee the financial crisis or increasing the transparency of governments which makes more and more information available to investors. This doesn't mean that the role of country rating is denied. It remains an important decision making criterion in guiding the flows within the global economy space, but it is not sufficient and it is not indispensable.
  • JEL Classification: F21, F41
  • Key words: country risk, foreign direct investments, interdependence

Developing an Integrated Monitoring and Evaluation Flow for Sustainable
Investment Projects

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  • Page: 380
  • Authors: Florin TACHE
  • Abstract: Under the circumstances of certain weaknesses in the monitoring and evaluation processes of sustainable investment projects, the paper aims to develop a general integrated flow, encompassing both a project monitoring system and also a project evaluation system for the investment projects involving economic objectives, as well as cross-cutting social and environmental targets. The whole approach is being presented as a flowchart, which highlights the intimate relationship between the monitoring and evaluation processes, and provides a formal framework for performing a logical monitoring and evaluation process, taking into account simultaneously the economic, social and environmental perspectives, within an investment project. Last, but not least, the article states both the estimated advantages and the disadvantages of such a managerial tool, opening new perspectives for developing further improved models and systems.
  • JEL Classification: H43, O22, Q01
  • Key words: evaluation, flow, investment projects, monitoring, sustainability

Comparative Analysis of Emerging Green Certificate Markets from a Computable General Equilibrium Perspective

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  • Page: 392
  • Authors: Cristina GALALAE, Alexandru VOICU
  • Abstract: Whether using market mechanisms to allocate green certificates in various countries is an optimal solution for stimulating green electricity production represents a question proposed by numerous recent comparative analyses, with opinions being split. Our paper proposes a differing perspective, employing modern computational economics techniques in order to study if general equilibrium is achievable, nationally and internationally, and how it compares with the non-market steady state. We analyse the field, determining exogenous and endogenous factors of influence that we cast into functional relationships via econometric estimation. Subsequently, we study four multi-period general equilibrium models, recursive and non-recursive, solving the latter ones via a Johansen/Euler method for simultaneous all-year computation. General equilibrium is shown to be achievable but dependent on country specific conditions, with optimality being relative in a globalised context. In closing, we present a case study focused on providing useful guidelines for future international marketing efforts in this domain.
  • JEL Classification: C68, M39.
  • Key words: computational economics, general equilibrium, globalisation, multi-period model, optimising behaviour

Ecological Fiscal Policy: between Theory and Practice

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  • Page: 399
  • Authors: Mariana VUTA
  • Abstract: The environment is becoming a more important element in the public decision process. Governments, non-profit organizations, civil society and firms are involved in different projects in order to protect this public good. But what does a state do in order to correct the damages brought upon the environment?
  • This paper aims, on one side, to underline state's fiscal leverages in order to internalize costs related to pollution externalities, and on the other side to preset clean investments encouraging instruments. The study will show that even though in Romania the fiscal pressure in high budgetary encasements obtained though environmental instruments do not help in putting in place a coherent policy with positive and visible effects upon future generations.
  • JEL Classification: Q50, H23
  • Key words: environment, environmental taxes, ecological fiscal policy

Integrating Market Based Instruments for Pollution Control - Strategic Option for Enhancing Competitiveness within Energy Industry

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  • Page: 406
  • Authors: Oana Catalina TAPURIC
  • Abstract: The paper aims to emphasize the efficiency of using market based instruments for both reducing pollution and enhancing competitiveness within the energy industry. Given the previous experience of European countries, as well as the characteristics of the main market based instruments, the paper is focused on developing two alternatives for combining green certificates schemes, white certificates schemes and emissions trading schemes (black certificates schemes) in strategic options, aiming to increase the competitiveness of the energy industry and to decrease the emissions generated within this field. Each strategic option presented includes an integration scheme, as well as the main advantages and disadvantages deriving from the implementation of these mechanisms. The paper also demonstrates that an integrated market based instruments' scheme is more efficient and even cost-effective than using single instruments. The whole analysis places a higher focus on white certificates, as these are the more recent market based instrument for enhancing competitiveness within energy industry.
  • JEL Classification: Q42, Q52
  • Key words: competitiveness, energy industry, green certificates, market based instruments, pollution control, white certificates

Corporate Philanthropy in Top Romanian Companies

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  • Page: 417
  • Authors: Ana-Maria PETRACHE
  • Abstract: This paper aims to provide an insight on the CSR activities developed by top Romanian companies and to analyze whether some economic indexes as number of employees and turnover have a considerable impact on the decision of companies to involve in social responsible activities. The approach is based on a cross-analysis of the statistical weight of donations for eight top company donors in 2007 in Romania. By reviewing the results of the research, the author considers the opportunity to develop a case for CSR, even in its basic form: philanthropy, as a premise for long run social performance.
  • JEL Classification: M14, F23, A13
  • Key words: corporate philanthropy, corporate social responsibility, microeconomic indexes, stakeholders

Motivation of the Human Resources for a Sustainable Organizational Development

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  • Page: 425
  • Authors: Armenia ANDRONICEANU
  • Abstract: This paper addresses the issue of human resources motivation which is considered one of the most important ways for a sustainable organizational development. The author was conducted a special research on the issue and the main findings are presented and analyzed in the content of this paper. The objective of the research was to identify new possibilities for increasing the degree of human resources motivation for supporting a more sustainable organizational development. Based on ideas from critical realism and critical theory, the paper argues against the limitative approach of motivation of the human resource in the 21st century. The research has made it possible to identify the most relevant behavioral dimension of human resources motivation process. The last part of the paper includes some recommendations for the modern managers in order to support them to become higly effective along the sustainable organizational development process.
  • JEL Classification: L2, M1, M2, M5
  • Key words: human resources, management, motivation, sustainable motivation, wages

Performance Issues in the Public Healthcare Services

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  • Page: 439
  • Authors: Claudiu CICEA, Cristian BUSU
  • Abstract: A well known truth to both the experts and the population states that health should be seen as an investment too in the most important factor of production, the human factor. In the following paper we analyzed the economic efficiency in the sanitary field using some specific indicators such as net present value, internal rate of return, cost/ benefit ratio.
  • JEL Classification: C60, I10, I15.
  • Key words: efficiency, health care, internal rate of return, net present value

Social Profiles and Social Behaviour and Attitudes towards Gaming and On-Line Gaming in Spain

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  • Page: 450
  • Authors: Francisco Javier RUIZ MARTÍNEZ
  • Abstract: For the last two decades our world has experienced increasing globalization linked to the revolution in Information and Communication Technologies (ICT) leading to new business spheres escaping from the traditional Nation-State control. The gaming business is one of these areas and has recorded a notable increase in profits in the last decade: gambling, betting and network games constitute some of the main issues developed by ICT companies located beyond State control. The action of the States is focusing on the formulation of new public policies that allow them to control these activities. But first a deep social description of gaming is needed to know which actors are involved in this field of activities, which is the profile of the gamer and what kind of social attitudes are carried out by users and companies taking part of the business. This article focuses on the social profiles and the social behaviour and attitudes towards gaming in Spain, and specially in the transition from traditional gaming to on line gaming.
  • JEL Classification: Z13, Z18
  • Key words: gaming, internet, social profiles, social behaviour, social attitudes

Economic Efficiency of Social Insurance in the Field of Health in the Context of European Standards

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  • Page: 460
  • Authors: Gheorghe ALEXANDRU
  • Abstract: Socio-economic efficiency analysis in health services has the general objective of the Romanian health care system evaluation in the context of current European standards. Comparative studies show a low level of efficiency as a result of complying with the policies of Western countries, and a modest health management. Polls reflect the population's dissatisfaction with the current health care system, medical staff and disagreement regarding the government policies in this area. Research results lead to the need and opportunity to reform the medical system and social health insurance system.
  • JEL Classification: I10, I18
  • Key words: iefficiency, reform, the standard models, transition

The Importance of Management Control in Monitoring the Pharmaceutical Industry Performance for Competitive Advantage

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  • Page: 465
  • Authors: Florinel Marian SGARDEA, Elena Monica SABAU, Mihai VU A
  • Abstract: Management control and thus managerial accounting will adapt to the requirements of market economy in terms of knowledge. Another thought other action. The sustainability of a business depends on how we use resources but also can correct measurement of performance of a project or activity. The distinction between ‘traditional' and ‘innovative' management accounting practices can be illustrated by reference to cost control techniques. Traditionally, management accountants' principal technique was variance analysis, which is a systematic approach to the comparison of the actual (real costs) and budgeted costs of the raw materials and labor used during a production period. In this paper we wanted to show that the new management control procedures are part of knowledge management. Today is important for pharmaceutical companies to produce new products of advanced research results. This means that, for large companies, research expenditure budget is generous. More projects need to be monitored, evaluated and presented to the Board of Directors. What indicators will be kept for financial analysis? How prospective financial situation will look in five years? What will be the level of risk accepted by investors?
  • JEL Classification: M11, M41
  • Key words: competitive advantage, management control, performance measurement, sustainability

Aspects of Technical Progress in Romanian Agriculture Compared to Some EU Countries

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  • Page: 473
  • Authors: Florentina CONSTANTIN, Laura CIOBANU
  • Abstract: The importance of using technical progress factors in agriculture varies from one country to another and the influences of these factors on yields and agricultural production are essential. Thus, in this paper we considered necessary and appropriate to achieve the dynamic analysis of the main factors of technical progress in agriculture referring to agricultural technical endowment, fertilizers and irrigation. On the other hand, we accomplished the dynamic analysis of the outcome indicators in agricultural production in Romania compared to some EU countries, as well as the gaps registered between countries under study. We also point out the positive and negative effects of technical progress in agriculture which had developed under the revealed indicators evolution.
  • JEL Classification: Q15, Q16
  • Key words: technical progress, irrigation, mechanization, soil fertilization, economic effects, ecological effect

Dynamics of Rural-Urban Relations in Urbanization Context

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  • Page: 484
  • Authors: Laura Maria FURDUI, Elena Mihaela PRUTEANU, Matei Valentin SERBU
  • Abstract: This article aims to outline the actual situation in the rural-urban relationship by showing how the two key elements interact with each other and by highlighting the main dysfunctions resulting from the interplay of the two entities in terms of the dispute over the land fund they need. The purpose of this study is to highlight types of connection established between villages and towns- specific symbols for urban on one side and rural on the other-thus explaining the way the entities subjected or not to the continuous process of development, starting from economical and social level changes which the new urban-rural relation requires. By determining the impact that urbanization process has on agricultural land fund, the suitable environment for openness and adaptation to modern society requirements can be created. In the same time, this complex process involves a clear shaping and the completion of indispensable connections between rural and urban areas.
  • JEL Classification: R12, Q15, Q25
  • Key words: development plan, land fund, phenomenon of urbanization, rural-urban, sustainable development

Ways to Finance Investments within the Local Public Administration

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  • Page: 492
  • Authors: Monica Daniela TESU (PASCULESCU)
  • Abstract: The aim of this study is to disclose several ways to finance investments within the local public administration. The study has revealed that the investments in local public administration may be made by establishing public-private partnerships, attracting and using grant funds and using loans to finance public services and investments in local infrastructure with governments' warranties or local authorities' warranties. This study provides a realistic background for finding solutions to the problems encountered by the local public administration in order not only to surmount the economic crisis, but to upturn the international investments in Romanian infrastructure.
  • JEL Classification: H54, H71, H72
  • Key words: economic recovery, investments, local public administration

Specific Features in Accessing European Funding

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  • Page: 500
  • Authors: Andreea Lorena RADU, Elena Alexandra CALDARARU, Maria DIMITRIU
  • Abstract: European Funds are the European Union financial instruments in order to assist Member States in reducing the existing disparities between regions and between countries, and for harmonization with the economic, social and cultural European standards. This paper intends to present some general characteristics applicable to the most important financing programs, and also to outline certain features of the main financing lines, referring to investment projects development and their implementation, based on the Applicant Guides analysis. The paper treats institutional, legal, financial, technical, social and environmental aspects and outlines proposals and recommendations to achieve a better EU funds absorption and also a higher success rate of initiated projects. In knowledge-based economy circumstances, training consultancy specialists, that represent the intellectual capital in this area, will ensure the professional management of the developing process, submission and ongoing competitive projects, and will help enhance the funds absorption at national level. Thus, the European support for investments in ensuring sustainable growth will help overcoming the difficulties encountered by our country, and will sustain the Romanian economy recovery.
  • JEL Classification: O16
  • Key words: eligible costs, European funds, investment, knowledge economy, sustainable development

The Real Options Attached to an Investment Project

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  • Page: 511
  • Authors: Mihai-Cristian DINICA
  • Abstract: The real options capture the importance of the managerial team's role in creating value through investment projects. The investments in real assets have a set of options that managers can exercise during the period of the project to increase the value of the assets or to limit the eventual losses. This options have their own value.
  • The traditional methods for investment project evaluatioan, based on discounted cash flows, have some major disadvantages: they assume the irreversibility of a decision, do not take into account the interactions between decisions in several periods and treat the investment as pasive. The evaluation using real options undertake this disadvantage.
  • The paper shows the main types of real options, together with their elements and captures the impact of these options on the value of the investment. The main two models used to evaluate real options, the binomial model and Black-Scholes model, are explained and used to compute the value of real options attached to an investment project.
  • JEL Classification: G12, G31
  • Key words: real options, investment valuation, investment project, managerial flexibility

Derivative Securities on Romanian Capital Market

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  • Page: 519
  • Authors: Ramona Maria GOGONCEA, Maria CARACOTA DIMITRIU
  • Abstract: This study aimed to investigate whether the world wide agreed models of valuation of derivates may be properly applied to the Romanian capital market, obtaining reliable results for decision makers. The most common valuation models take into account market data such as, interest and exchange rates, volatilities and the price of the underlying instrument. The procedures for valuation must clearly define the nature of the market data to be taken into consideration (for example the zero-coupon curve for the valuation of swaps) and the independent reference base to be used (Reuters at a given time, bid/offer or mid price, broker). In order to be able to obtain the results, I based my study on a self-developed software which can calculate the price and characteristics for different types of derivatives securities once the primary data are filled in. I compared the results obatined usig the valuation models with the actual prices on the Romanian capital market. I expected that the results obtained to be more accurate as the parameters used in the calculation models properly reflect market data as at that date being as widely as possible.. These assumptions were only supported for certain value orientations. In conclusion, explanations for these results are given and limitations for this study are discussed. Also, suggestions for future research are presented in the final part of the article.
  • JEL Classification: G24
  • Key words: derivatives, investments, risk management, valuation models

The Speculative Nature of Stock Market

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  • Page: 527
  • Authors: Bogdan-Gabriel FILIPESCU
  • Abstract: This paper focuses on the speculative nature of the stock market in Romania, emphasizing the basic rules and risks associated with stock transactions. On the one hand, the speculative nature may be considered as a mandatory feature of the stock market, for the purposes of supporting a fair and efficient functioning stock system. On the other hand, the term "speculative" can be also interpreted in a negative direction, i.e. in combination with market manipulation or market abuse. Related to this latter interpretation, the study refers to European legislation on market abuse, accepted market practices and those that constitute market manipulation.
  • JEL Classification: K22
  • Key words: capital market, market abuse, market manipulation, risk, speculation, stock market

The Impact of Lean Six Sigma on the Overall Results of Companies

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  • Page: 535
  • Authors: Corina DUMITRESCU, Marilena DUMITRACHE
  • Abstract: Lean Six Sigma represents a management approach for driving innovating processes inside a company in order to achieve superior results. It involves a practical analysis based on facts, aiming the innovation and growth, not only the efficiency of processes. It is a long term process of gradual and continuous improvement. The application of Lean Six Sigma in companies led to attaining superior financial performance by addressing new needs, by differentiating the products and services or by adjusting the business lines to new processes. Quality is more than making things without errors. It is about making a product or service meet the individual perception of a customer about the quality or value.
  • Therefore, in what regards Lean Six Sigma, the concern is not only to "do the things right" but also to "do the right things right". We focus on the impact of implementing the Lean Six Sigma approach on companies, seeking for what changes and benefits it brings. The key elements it aims at are achieving the best quality, the lowest cost, getting the shortest lead-time, stressing on waste elimination. The requirements of a company for its implementation and the strategy to obtain the maximum practical outcome are investigated. Furthermore, we conduct a comparison analysis with the other methods of the total quality management and see why Lean Six Sigma is a more desirable approach.
  • JEL Classification: O31, P12, M11, L23, L25
  • Key words: Lean Six Sigma, fact-based analysis, innovation, strategy, quality, gradual and continuous process

Risk Management in IT Governance Framework

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  • Page: 545
  • Authors: Mirela GHEORGHE
  • Abstract: Risk Management in IT Governance Framework Authors: Mirela GHEORGHE Abstract The concept of governance has an already old contour: the system by which business corporations are directed and controlled. The most praised principles regarding shareholder rights, transparency and board accountability now constitute the foundation for new tendencies evolved from such ground. Executive compensation, transparency and shareholder reporting are new issues attached to board responsibilities. Besides such almost negative approaches the board faces a more and more prominent role from risk management and IT governance perspective. Nowadays is generally acknowledged that the board is in charge for managing and controlling the risks to assets of the enterprises and business future. IT Governance has emerged as a support for corporate governance, as an important part of board's striving efforts to perform better in a competition environment. These responsibilities, risk management and IT Governance, remain within the framework of old concept of corporate governance and are fed from its substance. The interaction between these concepts is the core interest of this research.
  • IT Governance is defined as procedures and policies established in order to assure that the IT system of an organization sustains its goals and strategies. The management of the organisations face a new challenge: structural redefinition of the IT component in order to create plus value and to minimize IT risks through an efficient management of all IT resources of the organisation. The evolution of the present IT environment is a natural process according to which business environment should adapt.
  • JEL Classification: M15
  • Key words: Corporate Governance, IT Governance, IT risk, Risk Management

Competition as an Effective Tool in Developing Social Marketing Programs: Driving Behavior Change through Online Activities

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  • Page: 553
  • Authors: Corina SERBAN
  • Abstract: Nowadays, social marketing practices represent an important part of people's lives. Consumers' understanding of the need for change has become the top priority for social organizations worldwide.
  • As a result, the number of social marketing programs has increased, making people reflect more on their behaviors and on the need to take action. Competition in social marketing can bring many benefits.
  • The more programs initiated, the more people will start to involve in society's problems, hereby contributing to beneficial causes.
  • However, social organizations are in the search for competitive advantages to differentiate them on the market.
  • This paper aims to present the role of online communication in driving competitive advantage for social organizations.
  • Using the structural equation model, the paper describes the relations between four characteristics of the online communication: credibility, attractiveness, persuasion and promotion and then presents the correlations between these variables and website competitiveness.
  • The resulting model shows that owning a competitive advantage in social marketing can bring many advantages to both the non-profit organization and the consumer. Therefore, the online environment can be considered a good solution for better serving consumers' social needs. Its contribution is significant especially in programs for children and adolescents, since teenagers spend more time on the Internet than adults and are more open to using the online channels of communication.
  • In conclusion, this article opens new opportunities for social marketers to address society's problems and supports the integration of the online communication tools in the competition strategy.
  • JEL Classification: C52, D11, L31, M31
  • Key words: competition, social marketing program, online environment, non-profit organization, social marketing, consumer behaviour

Current Approaches Regarding the Knowledge Management Impact on SMEs Performance

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  • Page: 563
  • Authors: Ionela Carmen RIZEA (PIRNEA), Denisa Elena PARPANDEL, Alexandra Elena CALDARARU, Andreea Lorena RADU
  • Abstract: Managing knowledge is a critical capability for small to medium-sized enterprises (SMEs) to master because it helps them leverage their most critical resource. Organizational knowledge is the most salient resource at the disposal of SMEs in terms of availability, access, and depth. Successful SMEs are those who can leverage their knowledge in an effective and efficient manner, so as to make up for deficiencies in traditional resources, like land, labor, and capital. The purpose of this article is to identify the knowledge management impact on SMEs performance and to compare knowledge management in SMEs with knowledge management in large companies. The research discovered that SMEs do not manage knowledge the same way as larger organizations.
  • JEL Classification: L25, M11
  • Key words: knowledge management, performance, SMEs

Summary

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  • Page: 3

MAPAMOND

Nau mai, haere mai! Welcome to Aotearoa, land of the Long White Cloud or about Culture and Management in New Zealand

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  • Page: 5
  • Authors: Amedeo ISTOCESCU
  • Abstract: The Pacific nation of New Zealand may be geographically isolated but it's easily accessible and very much in tune with international trends in technology and lifestyle. And once you're here, you'll discover a technologically and socially advanced nation. Also you're never far away from the water and boating is a way of life. As in most developed nations, the majority of people live in cities and towns, meaning that vast areas are sparsely populated and numerous national parks and mountainous areas are inhabited by nobody at all.
  • JEL Classification: Z10, Z19
  • Key words: New Zealand cultural story, Maori people, Westminster system of parliamentary

MANAGEMENT

The perspective of Malaysian Manufacturing Organizations on Strategy, HR Outsourcing and HR Costs

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  • Page: 13
  • Authors: Hasliza Abdul HALIM, Norbani CHE-HA
  • Abstract: The paper discusses the relationship between different types of human resource management (HRM) strategy and the human resource outsourcing, and impact on the size of human resource (HR) department. Three HRM strategies are considered: Facilitation, accumulation and utilization. The data for the study were obtained from survey responses from 232 organizations, of which 113 were engaged in HR outsourcing. The findings suggest that organizations tend to rely on outsourcing of HR functions when they espouse facilitation and utilization HRM strategy. Concurrently, by relying on HR outsourcing, the organizations manage to experience a reduction in the size of HR department. The results show that it is important for the organizations to better understand the implications of an increased reliance on outsourcing within HR. This allows them to focus on how HR functions are delivered within organizations with the interaction of HRM strategy and the size of HR department will tend to be smaller resulting from outsourcing activities.
  • JEL Classification: M550, L100
  • Key words: outsourcing, strategy, HRM

The Effect of Private Brands on Business Performance in Retail

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  • Page: 25
  • Authors: Radojko LUKIÆ
  • Abstract: In the length of time many new retail features were developed, as a part of the total value chain (from manufacturer to customer). One such feature is: the development of private brands (private-label merchandise, private-label brands, store brands, house brands, own brands). Because of economic importance, both in theory and in practice, more complex stress was put on its research from various perspectives: the individual countries and regions - geographic, retail companies and formats (types of stores), product categories, as well as from the perspective of the perception of customers / consumers. In the context of it, special empirical emphasis was placed on the effects of private brands on business performance in retail, in particular, on cost, gross margin, profit, in other words, on profit indicators, such as: rate of profits from sales, profit rate of assets and the rate of profit of the share capital. Having such starting point, this paper attempts to, as thoroughly as it can, primarily empirically, investigate the impact of the development of private brands in the retail business performance. Using the latest available relevant data gathered from various scientific and professional sources, including well-known agencies that primarily conduct empirical analysis of private brands in some countries, companies and retail formats and product categories. The results should serve as a reliable basis for creating the most efficient strategy for managing the development of private brands in order to improve business performance in retail. This is especially true of the so-called "emerging market" private brands, as it is the case with Serbia.
  • JEL Classification: D40, L81, M41
  • Key words: brands, market share, customer perception, price, gross margin, marketing costs, profit

Industrial Agglomerations and Clusters. The Textile and Textile Products Industry from Romania

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  • Page: 40
  • Authors: Monica DUDIAN, Liliana CRACIUN
  • Abstract: The objective of this article is to identify the formal clusters and potential clusters from the textile and the textile products from Romania. The statistical method has been used to delimit the potential clusters. In addition, there have been studied all the available works and internal and international reports on Romania, having as topic this type of industrial organization. The research conclusions are the following: (1) there are two young formal clusters, holding the premises of a ''triple helix'': Astrico North-East and TMV South-East; (2) the spreading of the textile organizations, next to the structure of formal clusters, suggests the possibility of the natural building of three clusters: a common one for the North Eastern and Eastern regions, another one for the Central region and the third for the North-Western and Western regions. With reference to the professional literature, this work brings the picture of the spatial distribution of the textile industry in Romania.
  • JEL Classification: L67
  • Key words: cluster, textile industry, region, agglomeration

Transforming Match Final Results into Valuable Information for Managing a Football Championship

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  • Page: 52
  • Authors: Vlad ROªCA
  • Abstract: The paper focuses on the four components of the informational system (Data and Information, Informational flows and circuits, Informational procedures, Ways for treating information) and their adaptability to a football championship. More precisely, the paper presents how the final results of football matches are transformed into information which is needed for running a championship, by using the case study of „Liga Economistului'', a football league with ten participating teams. The article shows how the executive managers of „Liga Economistului'' collect, process and manage data and information in order to properly run the championship, and why such steps are important for any sporting championship.
  • JEL Classification: M15, M19
  • Key words: managerial informational system, football management, league management, informational circuits, Liga Economistului

Making the Mechanism of Enterprise Performance Management

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  • Page: 58
  • Authors: Anatoliy GONCHARUK
  • Abstract: This paper is devoted to the development and methodological ground of a conception of making the mechanism of enterprise performance management. It describes a model of implementation of performance benchmarking on the enterprise includes the sequence of operations, which enables to connect together several key management functions, and clearly divide the performance management process into several steps. It provides both direct and feedback to ensure continuity of performance management process. Author proposes an organizational mechanism to reduce the time and resources to implement the process of enterprise performance management that consists in an organization of the branch and regional benchmarking agencies (BBA and RBA). The BBA and RBA systems are functionally complement each other, and contribute to the accelerated development of various industries and regions: RBA increases the level of innovation development of efficient enterprises; BBA raises to this level remaining, less-efficient enterprises of the industry.
  • JEL Classification: M11, L2
  • Key words: benchmarking agency, economic efficiency, organizational mechanism, performance benchmarking, performance management

Human Resources Performance in Service Encounters - A Customer Service Case Study

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  • Page: 73
  • Authors: Claudia GRIGORE
  • Abstract: Efficiency is generally defined as the extent to which resources or effort is employed in order to achieve a certain purpose or objective. As per an economic perspective, this term may also mean a minimum quantity of supplies which can generate a maximum result. But can we talk about efficiency in terms of human resources and their allocation to a specific task? And how one asses the activity of the employees when considering service encounters? This study aims to provide an answer to these two questions from an emotional labor perspective: individuals employ their emotional abilities in order to perform a certain job. This is a process under a commercial perspective: the wage represents the exchange value for these competencies.
  • JEL Classification: J24, J31, L84
  • Key words: human resources, emotional labor, emotional dissonance, job performance

Assessing the Role of Automation in Managing of Iranian E-banking and its Impact on Social Benefit

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  • Page: 81
  • Authors: Hamidreza Salmani MOJAVERI, Ali HASSANI, Javad ABEDI FIROUZJAIE
  • Abstract: Banks in the field of commercial developments have attention to create structural changes in the receiving and payment systems and also have facilities in services process to customers. In fact we can claim one of the reasons of general tendency to electronic business is the banks managers' attention to the importance and necessity of this phenomenon, thus have led to their trend and serious attention for providing banking structure, based on electronic method. What banking services makes it different in comparing with other conventional methods for using E-Banking systems, is, quantitative and qualitative expansion in customer service. In other words, E-Banking, prepares the situation to customer till have wider and more diverse services. Furthermore, time and spatial dimension will not have effect in reducing or increasing services to customers. Also the customer can control his/her financial activities in every time and everywhere without attending in bank's branches. The aim of this paper is to illustrate the status of banking automation, its social and organizational consequences in Iranian E-banking system, and providing appropriate recommendations.
  • JEL Classification: G21, L86
  • Key words: Bank automation, ATM, E-banking, service quality

A Benchmark for Banks' Strategy in Online Presence - An Innovative Approach Based on Elements of Search Engine Optimization (SEO) and Machine Learning Techniques

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  • Page: 91
  • Authors: Camelia Elena CIOLAC
  • Abstract: This paper aims to offer a new decision tool to assist banks in evaluating their efficiency of Internet presence and in planning the IT investments towards gaining better Internet popularity. The methodology used in this paper goes beyond the simple website interface analysis and uses web crawling as a source for collecting website performance data and employed web technologies and servers. The paper complements this technical perspective with a proposed scorecard used to assess the efforts of banks in Internet presence that reflects the banks' commitment to Internet as a distribution channel. An innovative approach based on Machine Learning Techniques, the K-Nearest Neighbor Algorithm, is proposed by the author to estimate the Internet Popularity that a bank is likely to achieve based on its size and efforts in Internet presence.
  • JEL Classification: C81, O33
  • Key words: SEO, Internet Website Popularity, banking industry, Machine Learning, K-Nearest Neighbors

Inflation Targeting as the Monetary Policy Framework: Bangladesh Perspective

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  • Page: 106
  • Authors: Mohammed SAIFUL ISLAM, Mohammad Taslim UDDIN
  • Abstract: Inflation targeting strategy has become a widely accepted monetary policy framework in many countries all over the world. Our study finds that the central bank of Bangladesh is neither inflation targeting nor does follow any other rule-guided monetary policy, rather the policy is formulated with substantial discretion under the guidelines of donor agencies. This paper provides the evidence that monetary sector of Bangladesh economy has gained considerable degree of maturity and fulfils a number of prerequisites to adopt inflation targeting strategy. Using data over 1980-2010 we estimate an error correction model in order to examine if interest rate policy could fight the inflation. This is evident that deviation in inflation from target can be corrected via the changes in interest rate. Empirical findings jointly with few descriptive statistics provide strong evidence to recommend inflation targeting as the monetary policy strategy for Bangladesh.
  • JEL Classification: E44, E52, E58
  • Key words: Bangladesh, Inflation Targeting, Monetary Policy

Foreign Direct Investment and its Role in the Development of Greece

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  • Page: 120
  • Authors: Vasiliki DELITHEOU
  • Abstract: A distinctive characteristic of Global Economy over the last few decades has been the rising rate and impressive increase in Foreign Direct Investment (FDI) globally. Due to the potential role that foreign direct investment may play in accelerating the growth rate and re-shaping the economy, many developing countries are seeking such types of investment that can multiply efforts being made towards the growth of their economy. Consequently, foreign direct investment has become an important source of private external finance for developing countries. For this reason, countries like Greece are attempting to focus on the implementation of policies that can attract specific FDI and thus achieve high rates of growth. Attracting FDI and the subsequent creation of sustainable enterprises that will provide an increase in jobs and will reinforce the productivity of the country, is today a national target.
  • JEL Classification: E22, O16
  • Key words: foreign direct investment, economy, development

Barriers to Investments in Energy from Renewable Sources

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  • Page: 132
  • Authors: Corina PIRLOGEA
  • Abstract: This paper attempts to create an overview of the current situation in the Romanian energy sector, pointing out elements of energy demand, production, investment in the sector and not least the potential of renewable energy sources. As Romania has aligned itself with the European Commission's 20-20-20 program, an important step in achieving the set targets is represented by a significant amount of investments in the development of energy from renewable sources. But there are a number of challenges that investment projects may face, namely, barriers more or less deliberate, more difficult or easier to overcome or remove, some of them real market distortions and others coming from the comparison between green energy and classic sources of energy. So, the last part of the work is dedicated to these barriers. Dividing them into four categories administrative barriers, technical and technological barriers, market barriers and economic barriers allows a better distribution of the identified barriers. It is a comprehensive and equitable approach than their splitting into cost barriers and non-cost barriers, which would have meant a long list for the second category specified.
  • JEL Classification: Q20, Q40, Q41, Q42
  • Key words: barriers, energy potential, investment, renewable energy

Family Ownership, Firm's Financial Characteristics and Capital Structure: Evidence from Public Listed Companies in Malaysia

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  • Page: 141
  • Authors: Punitharaja NADARAJA, Abdul Hadi ZULKAFLI, Tajul Ariffin MASRON
  • Abstract: Capital structure is identified as one of focal facet in corporate finance branch of learning. It provides comprehension on how firms choose to finance their operations and expansion. The objective of this study is to explore the determinants of capital structure of Malaysian public listed companies. The period of 2001-2006 was selected in this study, which reflected the post Asian financial crisis period. Firm's financial characteristics consist of size, growth, profitability, liquidity and ability to service debt. Family ownership which was identified as a unique feature in the Malaysian corporate sector was used to measure the effect of corporate governance in capital structure decision. Using panel data approach, this study infers that the role of ownership structure in the form of family ownership though is not significantly related to capital structure, its inclusion in the empirical equation changes the significance of other variables. Except for growth, all other financial characteristics have significant relationships with capital structure.
  • JEL Classification: G320, G340
  • Key words: Capital Structure, Family Ownership, Corporate Finance, Corporate Governance

EU Funded Projects: from Financial to Economic Analysis

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  • Page: 156
  • Authors: Andreea Lorena RADU, Maria CARACOTA DIMITRIU
  • Abstract: Investment projects represent the basis of economic and social development of our country. The investment is a cost that will most influence the future, but it is necessary that this influence should be not only positive, but also should exceed the investment efforts. There could be different sources of financing the investment, but lately, European grants are more and more accessed by various economic agents or institutions. To obtain European financing, the project must fulfill certain conditions and must follow certain economic, social and environmental indicators. Also, for some financing lines, is required the economic analysis preparation, in order to demonstrate that the project benefits to society are important and cover the investments efforts. Thus, economic analysis studies the project influence on macro-economic or regional level, and evaluates its contribution to the welfare of the region or local community. The present paper aims to analyze the most important and available theoretical resources and to provide practical examples for carrying out the economic analysis. In conclusion, economic analysis is an useful tool for each project evaluation, but the biggest barriers to its development are the lack of valid data and the reduced Romanian experience. Under these conditions, input data can be incorrectly estimated, resulting illusory and subjective project data. For a proper projects selection based on indicators of economic assessment, it must be developed a national, complete and complex guide.
  • JEL Classification: O22.
  • Key words: Cost-benefit analysis, European funds, externalities, investments, shadow prices

Biomaterials. The Behavior of Stainless Steel as a Biomaterial

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  • Page: 177
  • Authors: Sanda VIªAN, Rodica Filofteia POPESCU
  • Abstract: The biomaterials belong to the broad range of biocompatible chemical substances (sometimes even an element), which can be used for a period of time to treat or replace a tissue, organ or function of the human body. These materials bring many advantages in the diagnosis, prevention and medical therapy, reducing downtime for patients, restoring their biological functions, improving hospital management. The market in Romania sells a wide range of biomaterials for dental, cardiovascular medicine, renal, etc. Scientific research contributes to the discovery of new biomaterials or testing known biomaterials, for finding new applications. The paper exemplifies this contribution by presenting the testing of passive stainless steel behaviour in albumin solution using technique of cyclic voltammetry. It was shown that passivation contribute to increased stability of stainless steel implants to corrosive body fluids.
  • JEL Classification: I12, L61, Q55
  • Key words: biological environment, biomaterials, corrosion, cyclic voltammetry, stainless steel

Point Pollution Sources Dimensioning

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  • Page: 184
  • Authors: Georgeta CUCULEANU
  • Abstract: In this paper a method for determining the main physical characteristics of the point pollution sources is presented. It can be used to find the main physical characteristics of them. The main physical characteristics of these sources are top inside source diameter and physical height. The top inside source diameter is calculated from gas flow-rate. For reckoning the physical height of the source one takes into account the relation given by the proportionality factor, defined as ratio between the plume rise and physical height of the source. The plume rise depends on the gas exit velocity and gas temperature. That relation is necessary for diminishing the environmental pollution when the production capacity of the plant varies, in comparison with the nominal one.
  • JEL Classification: O14, Q53
  • Key words: point pollution source, source diameter, physical height, proportionality factor

Aspects of Quality of Life by Type of Regions in European Rural Area

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  • Page: 193
  • Authors: Cristina NECULAI
  • Abstract: The analysis of the quality of life aspects, expressed through the indicators, by branch and by regions, allow to observe their contribution to economic and social development in rural area at national and community level. The analyzed indicators are: population density, age structure of the population, economic development (gross domestic product /capita), structure of economy (gross value added by branch), structure of employment, employment rate, unemployment and the long-term unemployment. The analysis of indicators is realised at NUTS 3 (county level) by types of regions. The determining of types of regions (''predominantly rural regions'' - PR, ''intermediate regions'' - IR and ''predominantly urban regions'' - PU) is corresponding to NUTS 3 county level, which are based on a revised urban-rural typology. The comparative analysis of economic-social aspects, for Romania and for other EU countries highlights the gaps by types of regions (PR, IR and PU) and by branch (primary sector, secondary sector, tertiary sector), what allows the focusing the efforts to reduce them.
  • JEL Classification: O18, R11, Q10
  • Key words: intermediate regions, predominantly rural regions, predominantly urban regions

The Strategic Role of Human Resources Development in the Management of Organizational Crisis

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  • Page: 207
  • Authors: Cristina MANOLE, Cristina ALPOPI, Sofia Elena COLESCA
  • Abstract: Together with the global economic crisis, the impact of organizational crises on human capital and its performances has become increasingly obvious. From this perspective, the strategic role of human resources' development is crucial, being analyzed in this article. It provides the conceptual basis for human resource management practitioners, to understand how to strengthening and developing human potential enables the construction of crisis management skills, manifested at the institutional level.
  • JEL Classification: O15, J24
  • Key words: strategic development, human resources, institutional crisis, organizational stress, professional training

Measuring the Impact of Industrialization and Financial Development on Water Resources: A Case Study of Pakistan

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  • Page: 222
  • Authors: Khalid ZAMAN, Muhammad Mushtaq KHAN, Mehboob AHMAD
  • Abstract: The objective of the study examines the impact of industrialization and financial development on water resources, in the specific context of Pakistan. Data set from 1975-2009 are taken for time series analysis. The result reveals that economic growth positively linked with the water resource, as water plays a pivotal role in the economic development of a country. Thus limiting this resource would affect the process of economic growth. Industrial processes have a negative environmental impact which causing water pollution. Financial development has an indirect effect on water consumption, as it shows that private firms finds more funding opportunities in a country, therefore, avoid dirty industry game.
  • JEL Classification: C32, O14, Q25
  • Key words: Economics growth, financial development, industrialization, water resource, cointegration, bonds test, Pakistan

Aspects of the Correlation between Corporate Social Responsibility and Competitiveness of Organization

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  • Page: 236
  • Authors: Rãzvan Cãtãlin DOBREA, Alexandra GÃMAN
  • Abstract: In the recent years, the involvement and the development of social responsibility activities have become specific activities of organizations wishing to provide an adequate level of economic and social on long and medium term performance. The current global context establishes a correlation between performance and the way in which competitiveness is ensured and maintained on both microeconomic and macroeconomic level. This paper presents a number of issues of involvement in social responsibility activities that can cause a direct influence on the position of competitiveness for organizations in the domestic economic environment.
  • JEL Classification: M14, M21
  • Key words: corporative social responsability, competitiveness, investments

Financial Investment Management: Testing the Market Model on the Romanian Capital Market During the Post Financial Crisis

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  • Page: 243
  • Authors: Radu CIOBANU, Sebastian Mãdãlin MUNTEANU, Irina-Eugenia IAMANDI
  • Abstract: Romania during 2009-2010, in the context of overcoming the global financial crisis. In the first part of the paper, we have made a brief presentation of the simplified model of market analysis introduced in the specialized literature by William Sharpe, the respective model representing the starting point in our study. The purpose of the present study is to emphasize how the evolutions of the financial securities rates listed on the Bucharest Stock Exchange could be explained based on the evolution of BET Romanian capital market index. Although the study over this phenomenon has begun in the middle of the last century, every day new studies appear that are either coming in addition to the already existing ones or are bringing a new approach regarding the financial theory. The novelty of the present study conducted by us resides in the highlighting of the evolutions of the financial securities rates during July 2009 - December 2010 periods. The second part of the paper presents the results of a study conducted on the Romanian capital market, emphasizing the correlations between the most important securities on the Romanian capital market, as parts of BET index and market index. The aim is to check whether during this period the evolution of the financial securities' return can be explained more or less by the return of the capital market.
  • JEL Classification: G01, G12
  • Key words: financial market model, return of financial securities, security-market correlation

Motivating the Stakeholders, a Feature of SMEs

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  • Page: 248
  • Authors: Nicoleta Raluca ROBU, Ludovica Ioana SAVLOVSCHI
  • Abstract: Motivation, in a narrow meaning, based on a classical vision on the organisation and management, aims only at the employees or staff of the organization. This optics still predominates both in theory and in the worldwide managerial practice. Motivation, in a broad meaning, contoured in recent years, based on a modern vision on the organization and management is centred on the stakeholders, namely on those people, categories of staff and organisms who have major interests in developing the activity and performances of the organisation.In order to understand motivation, the managers must first understand the reasons why the individuals behave in a certain way and for which they have certain reactions under threatening situations or by which influencing is attempted. Motivation is an internal process, not an imperative one which can be compelled from the outside. Managers must understand the motivation strategies, the way in which they succeed or fail on the grounds of the way in which they succeed in influencing the inner motivations of the employees.
  • JEL Classification: D03, M51
  • Key words: motivation, stakeholders in SMEs, behaviour, entrepreneur

The Managerial Process in the Media Industry

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  • Page: 253
  • Authors: Andrei NICULESCU
  • Abstract: Managing an organisation from the media industry has a series of particularities that are the object of this analysis. The main functions of management are studied with the help of relevant examples and case studies taken from the specialized literature. For such a complex, dynamic and versatile industry such as media, with the electronic sector evolving perhaps more rapidly than in any other industry, the challenges facing managers are multiple.
  • JEL Classification: L82
  • Key words: Media, management, functions, process

Evaluation of Attitudes & Knowledge Regarding Municipal Waste among Students. Case Study: Bucharest University of Economic Studies

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  • Page: 263
  • Authors: Valentina TaRÞIU
  • Abstract: As Maloney and Ward (1973) noted thirty eight years ago, ''determining what the population knows regarding ecology, the environment and pollution; how they feel about it; what commitments they are willing to make and what commitments they do make are necessary steps that must be made before adopting any strategy that modifies behaviour and habits''. Taking into account that Romania is facing a great challenge to bring its waste management system in line with EU Directives and the key role of education in this process, the paper aims to explore through a questionnaire based survey: (1) the level of knowledge and awareness regarding municipal waste among students, their attitudes and willingness to act in waste related activities, (2) if there are significant differences regarding students awareness, knowledge and concern according to their gender, age, affiliation (faculty) or job status. The paper is structured in four parts, namely: introduction, research methodology, results analysis and conclusions. The findings of this research study showed that the majority of students are generally aware of waste problems. It is important to note, however, that many respondents called for more information, frequent updates and reminders about waste management practices. Pro-environmental and recycling attitudes were shown to be generally positive among students from BAES. Used in the right way such findings might be essential in achieving the overall goal of improving waste management systems, whether it is a recycling scheme, composting scheme or refers to the improvement of environmental awareness process.
  • JEL Classification: Q53, I29
  • Key words: environmental behaviour, municipal waste, environmental education

The Role of SMEs in Modern Economy

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  • Page: 277
  • Authors: Ludovica Ioana SAVLOVSCHI, Nicoleta Raluca ROBU
  • Abstract: The worldwide experience proves the special role and the importance of small and medium enterprises within the national economies. After the ascension of the last three decades, it is thought that the small and medium enterprises will be in the next period the main vector of the economic progress, both in the developed countries and the ones in transition. On the one hand, the attributes of small and medium enterprises situates this type of organization in the foreground of economic development. On the other hand, the coordinates defining the new configuration of the world economy are favourable to the expansion of the small and medium sector.
  • JEL Classification: L11, L16
  • Key words: small and medium enterprises, economic development, jobs

Sumar

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  • Page: 217

MAPAMOND

''The colossal and the well-ordered'' or about culture and management in Switzerland

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  • Page: 220
  • Authors: Amedeo ISTOCESCU
  • Abstract: This paper tries to describe for students, for managers, for tourists, the complex experience that I had travelling, for the second time, in the summer of 2010, for a few weeks, in Switzerland, visiting friends, but also discovering again cities, towns, castles, museums, and even some small and medium sized private companies.
  • JEL Classification: Z10, Z19
  • Key words: history; culture; nature; people; cantons; Swiss Confederation; tourism

MANAGEMENT

Corporate governance, innovation investment and firm performance: evidence from Malaysian public listed companies

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  • Page: 225
  • Authors: Norlizan MAT RABI , Abdul Hadi ZULKAFLI, Mohd Hassan CHE HAAT
  • Abstract: Increasing attention is given in monitoring the management team by the shareholders through corporate governance mechanism. This is to ensure that every strategic business decisions maximize shareholders' wealth. Unlike previous studies which identified a direct relationship between corporate governance mechanism and performance, this study is conducted to examine the moderating impact of the corporate governance mechanism on the relationship between innovation investment proxies by R&D expenditures and firm performance. Our findings concluded that board compensation and frequency of board meeting are considered as important characteristics that would determine the effectiveness of the innovation investment. Thus, in analyzing the innovation investment incurred by the firm, investors should review the corporate governance characteristics as it would determine the effectiveness of the innovation investment in improving firm performance..
  • JEL Classification: G34
  • Key words: corporate governance; innovation; performance

Capital structure and firm value: an empirical analysis of abnormal returns

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  • Page: 240
  • Authors: Faris Nasif AL-SHUBIRI
  • Abstract: This study investigates whether capital structure is value relevant for the equity investor. In this sense, the paper links empirical corporate finance issues with investment analysis. This study also integrates the Miller-Modigliani (MM) framework (1958) into an investment approach by estimating abnormal returns on leverage portfolios in the time-series for different risk classes. For most risk classes, abnormal returns decline in firm leverage. Descriptive statistics, simple and multiple regressions are used to test the hold indicator significance. The results reflect that the designed measures are the negative relationship between returns and leverage could also be due to the market's pricing of the firm's ability to raise funds if need be. Further avenues for research in this area include examining the stock return performance of companies based on the changes in leverage of the firms relative to their risk classes. It would be particularly noteworthy to examine the rate at which the information content of said changes is incorporated in the share prices of companies as well as in their long run returns This study encompasses all non-financial firms across the five sectors that cover all the various classes of risk. This study investigates neither the determinants of multiple capital structure choices nor changes in capital structures over time. Our main goal is to explore the effect of capital structure on cumulative abnormal returns. This study also examine a firm's cumulative average abnormal returns by measuring leverage at the firm level and at the average level for the firm's industry. And also examine other factors, such as size, price earnings, market-to-book and betas..
  • JEL Classification: G32, G34, G20
  • Key words: capital structure; agency cost; firm value

Productivity measurement and growth in Nigeria: challenges and prospects

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  • Page: 254
  • Authors: Richard INGWE, Chibueze C. IKEJI, Judith E. OUT
  • Abstract: Productivity (growth) measurements (describing the assessment of an economy's rate of change in the ratio of a volume measure of output to a volume measure of input use) and related analysis are regular undertakings by staff of economic development of most nations and development institutions such as the OECD. Although they strive to accomplish objectives related to studying efficiency or the achievement of maximum output physically achievable under the use of current technology and given inputs, accounting for the contribution of real costs savings; introduction of benchmarks for production processes and to highlight living standards obtaining at points in time, its emphasis has been at the expense of examination of issues related to society (institutions), history, innovation and productivity change, which are concerned with promoting growth beyond mere productivity accounting. This paper has attempted to address all these issues as they pertain to Nigeria's rather stagnant or declining economy. This slight modification was prompted by changes from philosophers concerned with the wider area of productivity measurement and change. The literature agrees that productivity measurement (growth accounting) only ''identified the significance of different proximate sources of growth'' but fails to employ institutional, historical case studies to investigate the underlying causes of the growth, innovation and productivity change. Details of deficiencies related to the foregoing issues are examined and policy recommendations drafted and presented to assist practitioners, policy and decision makers and other stakeholders.
  • JEL Classification: O47, R11, R58, J24
  • Key words: productivity; change; improvement; growth; labour; corruption

The effects of foreign direct investment on economic growth: evidence for Togo

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  • Page: 269
  • Authors: Maman Tachiwou ABOUDOU
  • Abstract: The objective of this paper is to examine the effect of foreign direct investment (FDI) on economic growth. I use data running over 33 years from 1975 to 2008. Generally, the results, obtained by using the ordinary least squares (OLS) methods show foreign direct investment (FDI), Trade volume, and Human capital to have a positive impact on economic growth. There is some evidence that inflation and Government consumption to found to have a negative impact on economic growth. The empirical analysis shows that FDI alone plays an ambiguous role in contributing to economic growth.
  • JEL Classification: F21; F23; O40
  • Key words: foreign direct investment; Togo; economic growth

Rural development scheme of Islami Bank Bangladesh Limited -A study on its growth, effectiveness and prospect in Bangladesh

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  • Page: 283
  • Authors: Mohammad Saleh JAHUR , S. M. Nasrul QUADIR
  • Abstract: Most of the people of Bangladesh are living under poverty line. To alleviate poverty, thousands of NGOs and GOs have been working since the inception of the Bangladesh. But the success rate of these programs appears to be insignificant. Rural Development Scheme (RDS) being a shariah and teaching of Islam based technique has been introduced in order to graduate the rural poor from poverty trap by bringing them in the main stream of economy by providing micro-credit and teaching for value creation. The present study has been undertaken aiming at evaluating the effectiveness of the program and its prospect. It has collected both primary and secondary data, and analyzed these with the help of both financial and statistical techniques. The findings of the study are: the growth performance of RDS in important parameters are robust across study period, and RDS influence the income and income generating activities of borrowing members significantly. Finally the study has put forward some logical suggestions for enhancing the sustainability as well as robustness of the program.
  • JEL Classification: G21, O18, R18
  • Key words: Rural Development Scheme; investment; income; deposits; members and IBBL

Systematic framework and measures of economic policy in function of Serbian agriculture improvement requirements

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  • Page: 300
  • Authors: Branko KATIÆ, Drago CVIJANOVIÆ, Lana IVANOVIÆ
  • Abstract: One of the most significant economic activities in Serbia is agriculture, which also represents the base for food industry and some other branches of processing industry. In this field Serbia finds its developmental opportunity in future period. Inclusion of the country in EU, as well as in the World Tourist Organization, implies appropriate preparation and qualification in this field, so there could be more successful deal with rising competitiveness of foreign goods, in conditions of increasing liberalization level of foreign trade. Therefore, domestic regulatory rules must be adjusted to EU regulatory rules, like as concrete measures regarding agriculture and rural development improvement must be adjusted to the measures in the Joint EU Agrarian Policy. Serbian agriculture is in quite bad condition, and financial possibilities of the state, to expedite its development by abundant assets, are still insufficient. In terms of recession, caused by world economic crisis, too, incentive assets reduce, while making business in this field become more and more aggravated. This paper points out, in short, to significance and condition of agriculture in Serbia, on regulatory rules and future plan documents important for this field, as well as on concrete measures, which have to be undertaken in order to improve this activity..
  • JEL Classification: Q15, R14, R52, R58
  • Key words: agricultural production; legislature in the field of agriculture; developmental documents; rural development, incentive measures

Considerations regarding investments efficiency in agriculture

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  • Page: 321
  • Authors: Claudiu CICEA, Jonel SUBIC, Corina PIRLOGEA
  • Abstract: In the present days, we consider that it will be very interesting and useful to do some research on the agricultural sector (distinct from the industrial and other sectors of economic activity), although the process of globalization in modern economies determine trends converged approach and integrated development of rural and urban areas. In this paper we will try do some considerations regarding the problems of agricultural production and some characteristic ways of addressing the economic efficiency of investments held within it.
  • JEL Classification: Q10
  • Key words: agriculture; efficiency; investments; effectiveness

Analysis of the solid waste management practices in Chinhoyi: bridging the missing link

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  • Page: 332
  • Authors: Ishumael SANGO
  • Abstract: Over the years, there has been noticeable and steady mismatch between urban population growth and capacity for managing the corresponding increases in solid wastes. The local community is greatly concerned because it is aware of the clear link between poorly managed waste and the potential for the spread of diseases. This study was carried out to examine the solid waste management practices in Chinhoyi urban area and assess the impacts on the environment and human health. The study combined quantitative and qualitative data collected through fieldwork, questionnaires, interviews and document reviews. The population of Chinhoyi stands at about 60 000 generating more than 100 tons of waste per day. Results of the study include high percentage of uncollected waste, high levels of health and safety related problems such as lacerations, contusions, strain/sprains, and illness as well as noticeable deterioration of facilities and the environment. Issues affecting the effective management of waste are discussed. Recommendations based on the sustainable principle of integrated solid waste management are suggested. Sustainability requires the system to be environmentally effective, economically affordable, and socially acceptable.
  • JEL Classification: Q53, Q56, R58
  • Key words: solid waste; integrated solid waste management; sustainability

Environmental impact of ICT and implications for e-waste management in Romania

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  • Page: 348
  • Authors: Nadia CIOCOIU, Stefan BURCEA, Valentina TARTIU
  • Abstract: The development of Information and communications technology (ICT), as core of the digital economy, presents contradictory effects on the environment. The paper presents the main perspectives of environmental impact of ICT, especially in relation with waste electrical and electronic equipment (WEEE, e-waste), as they result from the approaches found in literature and the reports of official international and national bodies. The analysis of impact on environment and e-waste is done on two levels: the impact of ICT sectors and the impact of electronic applications (including the electronic commerce). The article ends with customizing the characteristics of the digital economy in Romania. Particular attention is paid to WEEE generated from the development of the digital economy and the significant challenges which the systems of collection, treatment and disposal must meet the environmental requirements
  • JEL Classification: Q44, Q53
  • Key words: information and communications technology (ICT); digital economy; environmental impact; waste electrical and electronic equipment (WEEE, e-waste)

Credit scoring for individuals

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  • Page: 361
  • Authors: Maria DIMITRIU, Elena Alexandra AVRAMESCU, Rãzvan Constantin CARACOTA
  • Abstract: Lending money to different borrowers is profitable, but risky. The profits come from the interest rate and the fees earned on the loans. Banks do not want to make loans to borrowers who cannot repay them. Even if the banks do not intend to make bad loans, over time, some of them can become bad. For instance, as a result of the recent financial crisis, the capability of many borrowers to repay their loans were affected, many of them being on default. That's why is important for the bank to monitor the loans. The purpose of this paper is to focus on credit scoring main issues. As a consequence of this, we presented in this paper the scoring model of an important Romanian Bank. Based on this credit scoring model and taking into account the last lending requirements of the National Bank of Romania, we developed an assessment tool, in Excel, for retail loans which is presented in the case study..
  • JEL Classification: E51, G31, D81
  • Key words: Credit scoring; credit risk; retail loans

Credit risk analysis at the level of an operative branch of the bank

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  • Page: 378
  • Authors: Imola DRIGA, Dorina NITA, Codruta DURA
  • Abstract: Credit risk is most simply defined as the potential that a borrower/counter party will fail to meet its obligations in accordance with agreed terms. The goal of credit risk management is to maintain credit risk exposure within targeted limits so that the bank can maximize risk adjusted return. In such cases, the account of the customer inevitably becomes overdue, the granted loan turns into a non-performing credit and the lending bank registers a decline of its profit. In order to prevent such situations, commercial banks must take certain measures of reducing credit risk. In order to assess the exposure to credit risk, we can operate with a system of indicators based on information obtained from financial statements. The paper presents how the exposure to this type of risk can be evaluated at the level of an operative branch of the bank.
  • JEL Classification: C02, D80, G21, G32
  • Key words: risk management; financial risks; credit risk; overdue credit

Assessment methods for gaining efficiency within the financing process of Public-Private Partnerships

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  • Page: 391
  • Authors: Ion VASILESCU, Virginia CIOBOTARU, Oana Catalina TAPURICA, Florin TACHE
  • Abstract: The paper aims to emphasize the role, as well as the importance and viability, of developing complex investment projects within Public - Private Partnerships, by analysing the previous experience of developed countries regarding this kind of associative structures. Assuming that some of the public - private partnerships are neither necessary, nor efficient, the paper presents an innovative methodology for assessing the efficiency of the investment projects, financed within Public - Private Partnerships, based upon a set of benchmarks, which are designed to provide objective and precise information about the subject in focus. Positioning each partnership in relation to specific benchmarks represents the main decision tool for building-up Public - Private Partnerships
  • JEL Classification: L33, R53
  • Key words: Public - Private Partnership; efficiency; benchmarks; Local Action Groups; Eco-Efficient Spin-Off.

Professional performance evaluation within the Romanian administrative system

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  • Page: 407
  • Authors: Cristina MANOLE
  • Abstract: The current economic crisis, manifested in the entire world, highlights the need for sustained involvement of the local and regional authorities in each country, in conceiving and implementing Community policies (which already exist at European level) having an essential role in implementing the economic plans achievement. This view was shared by all European Union Member States, of which Romania is part, since 2007. Therefore, the economic crisis which is reflected in the Romanian society today, requires prompt and sustained intervention by the authorities in the execution of the economic recovery plan, implying the community strategies, due to sharply budgetary expenses cut, which is found in all European countries. In order to achieve this major objective, the Romanian authorities should have qualified and properly motivated personnel through an adequate remuneration, according to the training, skills, responsibilities and especially individual performance obtained at each position, as it happens in most developed countries of the European Union. In this context, this study approaches the issues related to the performance evaluation of the public sector's employees. Considering the fact that strengthening and developing the human resources segment is a strategic goal of the Romanian administration for the period 2008 - 2013, which will lead to modernizing it and making it more efficient (at both central and local level), the personnel performance evaluation, at the organizational level represents a fundamental activity from the human resources' management perspective
  • JEL Classification: H83, J31, K23.
  • Key words: performance evaluation; performance indicators' system; human resources management; Romanian administration

The participation of population at education by residence in Romania

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  • Page: 427
  • Authors: Cristina NECULAI
  • Abstract: The investment in education is one way in training and development of human capital, which together with investment in physical capital, forms vectors for sectors' modernization of Romanian economy and of the evolution of Romanian society. For the increase of the competitiveness on the global economic market, the Romanian society, in general, and the Romanian economy, in particular, must be modernized through the implementation of investments both in physical capital and human capital. Education can be a significant force for development of Romanian society through: the number of participants, the size and the competence of the training's personnel, the information's and distribution's materials, the providing knowledge and consultancy etc. The formal education with the non - formal education and the informal education can stimulate the economic and the social activities, by area of residence, and may be important factors to reduce the competitiveness's gap of our country compared with EU countries. On this line, we believe that the education and the training, the achievement of the new knowledge, skills and competencies by the occupied population may become important factors of progress for Romania on the European and World market. We believe that, in rural area, the increasing of the population's participation, at all levels of formal education and the population's attending at the courses that allow the acquiring of new knowledge and skills, in the non-formal's and the informal's learning system, is a necessity for the development and the modernization of this area.
  • JEL Classification: Q10, I21, R11
  • Key words: secondary and vocational educational; higher educational; pupils/students enrolled per educational institution; graduates per educational institution; teachers per educational institution

The maintenance management for lean organization

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  • Page: 437
  • Authors: Daniel D. GEORGESCU
  • Abstract: The goal of lean maintenance approach is to maintain organization international competitiveness. In the spirit of continuously improvement, in the paper it is shown how by adjusting some Lean manufacturing specific techniques for Total Productive Maintenance (TPM) system, was born new maintenance system named Lean TPM. This is a systemic approach with three techniques, which don't exclude specific techniques of TPM pillars, but complete them: the 7Ss as a critical first step in any improvement program; instantaneous maintenance; improvement setup operations. In the spirit of Lean principle, Lean TPM adjusts overall equipment effectiveness concept for all supply-chain from supplier to customer. Maintaining equipment in its optimal state and continually improving its productivity is the whole strategy behind Lean TPM.
  • JEL Classification: L10, L20, M10
  • Key words: Kaizen;, management; maintenance; lean manufacturing

Using NLP meta, Milton, metaphor models, for improving the activity of the organization

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  • Page: 447
  • Authors: Cornel Marian IOSIF
  • Abstract: The objective of this paper is the improving of the three methods from the neuro- linguistic programming - metaphor, Milton model and the meta-model, so by using this in daily activities by an organization to improve the activities witch, are performed and to have a more efficient allocation of the available resources.
  • JEL Classification: M10, M12
  • Key words: neuro linguistic programming (NLP); metaphor; Milton model; meta-model

Qualitative factors in the healthcare services

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  • Page: 457
  • Authors: Claudiu CICEA, Gheorghe ALEXANDRU, Sebastian Mãdãlin MUNTEANU
  • Abstract: It is known that the efficiency of medical services is a broad social and economic concept, influenced by both numerical-quantitative and non-numerical-qualitative factors. The dynamic nature of technical progress and the accelerated pace of scientific discoveries in the field of health, enhances the size and complexity of economic issues related to assessing the efficiency of these social activities
  • JEL Classification: I10, I18
  • Key words: evaluation, efficiency, healthcare services

New medical trends and policies throughout Central and Eastern Europe

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  • Page: 470
  • Authors: Cristina Teodora NEAGU
  • Abstract: This paper presents some of the main medical trends and some specific policies in the field of human medicine produced in Central and Eastern Europe in the past decades.
  • JEL Classification: I11, I18
  • Key words: family medicine reform, general practitioners' list, capitation payment, gate-keeping principles, expectations of access, choice and convenience

The strategic development of the Manchester United football club

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  • Page: 478
  • Authors: Vlad ROSCA
  • Abstract: The entry in an informational society which is developing day by day has increased the importance of economics on the professional sports market. The ways of economy and sport have aways met, but they were never so interdependent as in our days. In order to resist on the market, but especially in order to be competitive and to obtain sporting succes, a modern football club must consider managerial practices which to permit a good economic development. Manchester United is one of the most diversified football clubs in the world, earning income from various markets, such as the gambling, clothing, hospitality and alimentation or entertainment markets. The research presents some of the diversification forms Manchester United has used in order to grow its financial incomes.
  • JEL Classification: M21
  • Key words: Manchester United, diversification, strategic alliances, cooperations, football management, development

Methodological issues concerning the development of sustainable industrial parks

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  • Page: 485
  • Authors: Marian NASTASE, Catalina RADU (GHERASE), Oana - Catalina TAPURICA, Florin TACHE
  • Abstract: Nowadays, in order to make a sustainable economic growth possible, especially within manufacturing industries, with auspicious effects concerning the standard of living and the employment rates, the governments should develop and implement projects and strategies, aiming the transition towards knowledge-based economy. The entities that need investments the most are the countries which are crossing a development process, usually facing difficulties in developing a high-performance industrial sector. Under these circumstances, industrial parks prove to be important tools in order to ensure the competitiveness of the national industry. However, the more and more frequent relocation of industrial companies within industrial parks, as a consequence of amplifying the urban areas' environmental regulations, is due to generate uncontrollable pollution centers, placed just nearby towns and cities, with highly destructive impact upon the environment. This article aims to describe and recommend several strategic options for developing sustainable industrial parks, focused on protecting the environment and promoting the ''new economy's'' principles. Among the strategic options recommended, some of them are highly innovative, such as environmental benchmarking or environmental leadership.
  • JEL Classification: O44, P48
  • Key words: industrial parks, sustainable development, environment protection, environmental economics, environmental leaders, SME's development, pro-active environment strategies

Project cost analysis under risk

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  • Page: 495
  • Authors: Florica LUBAN, Daniela HINCU
  • Abstract: In this paper, an integrated approach based on Monte Carlo simulation and Six Sigma methodology is used to analyze the risk associated with a project's total cost. Monte Carlo simulation is applied to understand the variability in total cost caused by the probabilistic cost items. By Six Sigma methodology the range of variation of the project cost can be reduced by operating on the input factors with the greatest impact on total cost to cover the variation of 6s between the limits that were established in the design phase of Six Sigma.
  • JEL Classification: C63, D24, D81
  • Key words: Project cost risk; Six Sigma; Monte Carlo simulation

Benchmarking and performance management

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  • Page: 504
  • Authors: Adrian TANTAU, Laurentiu FRATILA, Cosmin GRIGORE
  • Abstract: The relevance of the chosen topic is explained by the meaning of the firm efficiency concept - the firm efficiency means the revealed performance (how well the firm performs in the actual market environment) given the basic characteristics of the firms and their markets that are expected to drive their profitability (firm size, market power etc.). This complex and relative performance could be due to such things as product innovation, management quality, work organization, some other factors can be a cause even if they are not directly observed by the researcher. The critical need for the management individuals/group to continuously improve their firm/company's efficiency and effectiveness, the need for the managers to know which are the success factors and the competitiveness determinants determine consequently, what performance measures are most critical in determining their firm's overall success. Benchmarking, when done properly, can accurately identify both successful companies and the underlying reasons for their success. Innovation and benchmarking firm level performance are critical interdependent activities. Firm level variables, used to infer performance, are often interdependent due to operational reasons. Hence, the managers need to take the dependencies among these variables into account when forecasting and benchmarking performance. This paper studies firm level performance using financial ratio and other type of profitability measures. It uses econometric models to describe and then propose a method to forecast and benchmark performance.
  • JEL Classification: O30, O47, M10
  • Key words: benchmarking, competitiveness, innovation, indicators

The intersections between TRIZ and forecasting methodology

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  • Page: 512
  • Authors: Georgeta BARBULESCU, Gabriela IONESCU
  • Abstract: The authors' intention is to correlate the basic knowledge in using the TRIZ methodology (Theory of Inventive Problem Solving or in Russian: Teoriya Resheniya Izobretatelskikh Zadatch) as a problem solving tools meant to help the decision makers to perform more significant forecasting exercises. The idea is to identify the TRIZ features and instruments (40 inventive principles, i.e.) for putting in evidence the noise and signal problem, for trend identification (qualitative and quantitative tendencies) and support tools in technological forecasting, to make the decision-makers able to refine and to increase the level of confidence in the forecasting results. The interest in connecting TRIZ to forecasting methodology, nowadays, relates to the massive application of TRIZ methods and techniques for engineering system development world-wide and in growing application of TRIZ's concepts and paradigms for improvements of non-engineering systems (including the business and economic applications).
  • JEL Classification: C18, C53
  • Key words: forecasting, TRIZ, methodology, problem solving

The composite indicators used in assessing innovation at national level

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  • Page: 521
  • Authors: Daniela HINCU, Laurentiu Catalin FRATILA Robert SOVA Abstract
  • Abstract: The purpose of present paper is to present some recent developments in constructing composite innovation (or even, science and technology S&T) indicators on a national level. Measuring innovation at the national level is crucial in developing appropriate long term strategies for economic growth, because it is widely believed technological innovation is one of the main drivers of sustained economic-social welfare, if not the single most important driver of economic growth. Our purpose is to present a mapping exercise of metrics - based on composite indicators - found in the STI literature, pointing out those used in practice, with a view to corresponding values in the case of Romania. It has become standard practice to combine several indicators for science, technology, and innovation to form composite numbers. Composite indicators are increasingly being used to make cross-national comparisons of country performance in specified areas such as competitiveness, globalisation, innovation, etc.
  • JEL Classification: O31, O32, C54
  • Key words: Innovation, innovation metrics, Science and Technology indicators, composite indicators, National Innovation Systems, Scoreboards

Summary

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  • Page: 3

MAPAMOND

From Gibraltar through Levant and from Maghreb through the Southern Latin European Countries or about culture and management in the Mediterranean Sea Region

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  • Page: 6
  • Authors: Amedeo ISTOCESCU
  • Abstract: Bordering the southern coast of Europe, the eastern part of the Middle East and northern Africa, representing the most appropriate environment for the development of cultural, social and economic of the maritime regions, influencing decisively the culture and the entire life of the inhabitants in a lot of bordering countries, ensuring the achievement of a natural maritime transportation way between eastern Levantine character and western pragmatism of our ancient continent, or between Maghreb, and the Latin world, especially in southern Europe, the Mediterranean Sea has an another treasure, yet poorly known and only partially recovered, with a history of over six thousands of years, with people proud of their history, culture, customs and traditions with unique cities, impressive by the mixture of cultures and races, its islands.
  • JEL Classification: Z10, Z19, O52
  • Key words: Mediterranean Sea region, history, culture, islands, tourism, management

MANAGEMENT

The current biotechnology outlook in Malaysia

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  • Page: 11
  • Authors: Khairiah Salwa MOKHTAR, Ravi MAHALINGAM
  • Abstract: Blessed with extremely rich biodiversity, Malaysia is all geared up to explore new high technology to utilize the advantage it possesses whilst to protect its environment. Biotechnology has been identified as an appropriate driver that can deliver economic gains through research and development, improvement of food security, creation of entrepreneurial opportunities for industrial growth, health and environmental sustainability. This paper attempts to address the evolution of biotechnology institutions and the stumbling blocks in developing the Malaysian biotechnology industry. This paper identifies three main impediments in the current Malaysian biotechnology, namely lack of skilled human capital; weak industrial base; and lack of commercialization effort. Besides, a set of strategies are discussed with aim to further improve and strengthen the Malaysian biotechnology industry. In general, the arguments are presented by mapping out the symbiotic relationship between data from elite interviews, archival data and observations.
  • JEL Classification: L65, E24, J24
  • Key words: Malaysian biotechnology industry, human capital, industrial base, commercialization

Municipal asset management or mismanagement? A six ‘Whats' perspective on current practices and challenges in Ethiopia's urban water sector

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  • Page: 27
  • Authors: NAME
  • Abstract: Effective systems of asset management can strengthen the performance of a local economy and community significantly. Despite the existence of new and interactive technologies for recording and communicating assets and asset management, many local authorities across the developing world have not taken advantage of the emerging revolutionary ways in which technologies may benefit municipal asset management. The analysis reviews the current practices, challenges and policy options for Ethiopian cities with regard to the state of the art technology for Municipal Asset Management (MAM) in the water and sanitation sector. Empirical evidence relate to a number of independent studies carried out in a sample of Ethiopian cities and towns. The pooling together of these findings was achieved through the Comparative Studies framework. In addition, data was also solicited from a panel of experts dealing with water and sanitation issues. The overall analysis was done within the context of the six Whats? Framework. Results indicate that, the water sector has gone through a number of reforms that have not cascaded into improved infrastructure asset management. Lack of financial resources, human resource expertise and appropriate organizational strategy has constrained the adoption and application of system software for effective asset management.
  • JEL Classification: R51, R53, C82, C88, L86
  • Key words: asset plan, system software, strategy, infrastructure, maintenance

Rural buyers' perception about mosquito repellants

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  • Page: 43
  • Authors: D. MEHTA, Anand GARG, Naveen K. MEHTA
  • Abstract: Mosquito repellants prevent mosquito bites and prevention of "man-mosquito contact" is a critical factor in transmission and spread of any disease through mosquitoes particularly in rural area. There has been a long standing 'bias' towards rural buyers. The rural markets are considered rigid in the nature but it is not the case in real sense. Marketing to rural buyers is not only a challenge to the marketers but to the manufacturers, communicators, national planners and economists as well. That is why it has been necessary to understand the various aspects of selected rural areas and consumption pattern for such a fast growing market i.e. mosquito repellants and rural buyers' perception towards such urban products. The present paper aims to find out the factors influencing the purchase decisions of rural buyers for mosquito repellants and to study the perceptions of present and potential rural buyers' of selected mosquito repellant brands.
  • JEL Classification: M10, M30, M31, M37
  • Key words: mosquito, repellent, malaria, rural market, buyers

The Polluter Pay Principle and the damage done: controversies for sustainable development

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  • Page: 53
  • Authors: Emaculate INGWANI, Tendayi GONDO, Trynos GUMBO
  • Abstract: In search for equity at the Rio summit, it was suggested that in case of pollution or any other environmentally negative effect, the costs are inflicted on the responsible agents to pay for the rectification. The Polluter Pay Principle (PPP) has since then been touted as a useful environmental management tool that makes provisions for innovative penalties seeking to place the burden of environmental pollution control on those that abuse the environment. Despite such euphoria, the results on the ground have been appalling. In this analysis we question the practical utility of the PPP viz avis the deteriorating environmental fabric of many nations. The analysis reveals that it is cheaper for many individuals, organizations or even countries to pollute the environment and pay a fine than to install systems that require the constant monitoring of the environment. Emphasis of the PPP is misplaced as it focuses on curing damages and not on the process that brings the environmental problems to a halt. Its implementation is further constrained by the difficulty associated with placing a price tag on environment parameters. We recommend a proactive alternative to PPP that emphasize on preventative measures through environmental education. The success of such a management strategy is however not spontaneous as it needs to be rooted upon an effective system of values, institutions, attitudes, personal commitment, self confidence and active participation of all individuals in managing and detecting environmental problems that affect them.
  • JEL Classification: Q52, Q56
  • Key words: Polluter Pay Principle, pollution cost, environment and development, sustainable development

An investigation of challenges in managerial ethics and its role in sustainable development of Iranian industries

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  • Page: 61
  • Authors: Hamid Reza Salmani MOJAVERI, Ali HASANI, Meghdad Amhadi MOJAVERI
  • Abstract: This paper tries to demonstrate ethical value as being an essential element in order to achieve sustainability in many societies such as Iran. In addition this paper lays out some of obstacle and challenges about ethical issues in Iranian industries. The evidence from our investigation supports that employee and management rather tend to ethical values.
  • JEL Classification: M12, M14, M51, M54, Q01
  • Key words: ethic, managerial ethics, sustainable development, challenges

NGOs and poverty issues in peri-urban areas

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  • Page: 72
  • Authors: Muhammad Haroon SIDDIQUE
  • Abstract: Poverty reduction is the top-most element in the Millennium Development Goals (MDGs) set by the United Nations those have provided a broad way for the development planning professionals on the globe to assess their past performance in the important aspects of development planning as well as to plan their strategies for the design period of 2000-2015. The United Nations sees the nations as members of a global family and expects them to work for the fellow-beings setting some guidelines, for instance, ‘The millennium Development Goals can be achieved if immediate steps are taken to implement existing commitment.
  • JEL Classification: L31, I32, R51
  • Key words: NGOs, poverty, peri-urban areas

Eccentric housing finance sources by the urban poor in Zimbabwe: case of Cowdray Park low-income self help housing scheme in Bulawayo

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  • Page: 89
  • Authors: Trynos GUMBO
  • Abstract: Zimbabwe has a sombre housing crisis in all its urban centres. All attempts by the government to vary housing delivery systems to ameliorate the problem have proved futile as the backlog it inherited from the colonial masters continues to soar. The situation has however been exacerbated by 2005 demolitions and evictions in the country's major cities that destroyed homes and businesses leaving the majority of the poor and disadvantaged segments of society in deeper poverty, deprivation and destitution. The main challenge to housing the urban poor is housing finance. Public funds are meagre and private funds are not accessible to the poor due to lack of collateral security and inability to service the loans. Fascinatingly, the poor's income comes from informal sector activities that absorbs a large percentage of the labour force and keeps the economy going while the large modern enterprises continue to reel under the economic downturn. Unfortunately the Zimbabwean informal sector has generally been perceived as a nuisance, a haven for criminals and a menace. Evidence shows that there is a strong relationship between the urban poor's housing finance, informal sector activities and self-help housing strategies in Zimbabwe. In the pre-2005 Operation Murambatsvina era, the poor were making some construction progress as evidenced by the structures that had developed. This paper calls for active support and facilitation of the poor's sources of income, and advocates for the involvement of other players such as the private sector and the international community in housing the poor. The Zimbabwe government's plan to house the homeless and poor on its 250 000 stands countrywide through self-help programmes can only be successful if their sources of income are promoted and facilitated.
  • JEL Classification: R31, R51, I32, I38
  • Key words: urban poor, housing finance, informal sector, self-help, projects

Capital investments in the context of time factor

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  • Page: 106
  • Authors: Mihai BOTEZATU
  • Abstract: The market economy creates various variants that an investor or another should know very well, should analyze them and choose the variant of investment which is the closes to its purposes. Such a variant of investments is the one that may materialize in certain manufacturing capacities, case in which the gain of the investor turns into profit; on this plan, we may assert that gaining much profit is the final purpose pursued by any investor in such a variant of capital placement. On the other side, we also must emphasize that profit is earned in time, and the time factor, on its turn, should be known, analyzed, localized and, certainly, quantified, so that the investment decision should not be empirical, but substantiated. This paper proposes to focus on few of the most important aspects of the impact of time factor on the capital investments, generally, and on their economic efficiency, particularly.
  • JEL Classification: G11, G31
  • Key words: profit, final profit, efficient period, functioning period, recovery period

Funds transfer pricing in banking

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  • Page: 119
  • Authors: Maria CARACOTA DIMITRIU, Sorina Cristina OACA
  • Abstract: Every bank needs to better understand the sources of its profitability. Whatever the size of the bank, funds transfer pricing (FTP) can be used to help managing the bank's profitability by analyzing earnings for the whole institution or for different profit centers. In today's banking environment, it is essential to look at the earnings both as a whole and broken down into various components. Funds Transfer Pricing is an analysis tool that can be used to help a bank measure its profitability in a variety of different ways. It allows management to compare the profitability of different product lines within the company, and it can be drilled down even further to allow comparison between individual employees. It is also very useful for comparison between branches. This study will reveal the role of Fund Transfer Pricing (FTP) in banks.
  • JEL Classification: G21, G32
  • Key words: funds transfer pricing, profit, bank, business units

IT investments' features in the Romanian banking industry

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  • Page: 128
  • Authors: Camelia CIOLAC
  • Abstract: The paper aims to present some of the features of IT investments in the banking industry. Theoretical aspects, summarized from the literature come illustrated along with empirical findings from the Romanian banking industry. The present paper aims to provide the main drivers for IT investment in banks as well as the criteria involved when selecting a particular course of action in the associated decision-making process. The study is enriched with examples of software applications acquired by some of the major banks in Romania in the past seven years. The IT investment strategies presented in this paper can be considered proven successful practices of business-IT alignment in the Romanian banking industry.
  • JEL Classification: M15, O33
  • Key words: IT investments, Romanian banks, diversification, management, strategy

The power of management in medical services. Can we manage better for higher quality and more productive medical services?

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  • Page: 140
  • Authors: Magdalena BARBU, Marian NASTASE
  • Abstract: Medical services are the most important services of all since we all depend on them. Their quality and productivity can assure a wealthy nation and therefore good economical results. The offer of medical services depends on medical personnel and more than this, on the management in the medical field since any resource not managed well or not managed at all is only a lost one, regardless its value. Management is therefore the key, the ''how to'' method of obtaining the desired result. The same approach can be applied into our study in order to reach more productive medical services which to prove high quality to all patients. We need to use and to squeeze the entire force of management tools in order to reach our goal: accessible medical services full of quality. The current worldwide crisis situation makes us think that after job and food, even medical services (also a basic thing after all) can become a ''luxury'' although this should never happen. Therefore we must do whatever needed to improve the way medical organizations are driven so that the quality of their medical services will be better and better and the productivity will be at a higher level. Medical management should have as a goal making it possible for patients to be able to solve their health problems as soon as possible and as good as possible.
  • JEL Classification: M10, I11
  • Key words: quality, productivity, medical services, human resources, management of health care organizations

Rebranding campaign of the Romanian Society of Radiodifusion - strategic option for the growth of the organization's efficacy

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  • Page: 148
  • Authors: Ruxandra Irina POPESCU, Razvan-Andrei CORBOS
  • Abstract: In 2008, the Romanian Society of Radio-broadcasting (SRR) decided to benefit of the „honorable'' of 80th anniversary of the Romanian public radio to elaborate and apply a strategy of creating a new image of SRR to assure the approach of an European profile well outlined and recognized so. The necessity of this „look'' change for the corporation and for six of its channels was motivated by a better position on the radio market in Romania and a larger visibility on a public segment with „preconceived'' ideas about what the public Radio means. As a result of the campaign, at the end of 2008 the achieved market quota of the Romania Radio grew, Romania News Radio becoming leader on the market. In this context, the paper proposes strategic actions that would contribute to the growth of the SRR efficacy: elaboration of a lasting marketing strategy, promotion of the channels with lower visibility, but that cover market segments of „niche'', organizing some special programs that would promote „special'' broadcasts dedicated to some „special'' days by „special'' people, collaboration with the Romanian Television to organize and broadcast, on the TV, some radio shows that will promote SRR on a large scale and diversified.
  • JEL Classification: M37
  • Key words: audiovisual services marketing, visual identity, promotion, outdoor campaign, market quote, audience

Need and potential risks of strategic alliances for competing successfully

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  • Page: 165
  • Authors: Catalina RADU
  • Abstract: In today's global economy, many companies' managers consider strategic alliances as a key strategic alternative. Even if it is true that strategic alliances can be a really powerful competitive tool, managers should pay attention to all potential risks before involving in a partnership. This paper aims to address a series of issues that may arise when forming a strategic alliance.
  • JEL Classification: F21, F23, L14, L21, L24, L25, M16
  • Key words: strategic management, strategic alliances, cross culture

The management of cultural adjustment: Central-South-East European ethnic minorities in the USA

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  • Page: 170
  • Authors: Mihaela ARSENE
  • Abstract: The paper focuses on one particular instance in the management of change as accomplished/implemented in the USA by the ethnic minorities originally from Italy, Greece and Romania. The author presents a diachronic survey of the literature against the author's own findings. The paper identifies common patterns in the cultural adjustment of all three ethnic groups surveyed and analyses them against the specific developmental pressures in each group. Historic, economic and sociological data contribute to outlining the distinct profile of each ethnic groups under investigation, as well as the assimilation patterns at work throughout its evolution in the new US cultural environment.
  • JEL Classification: O15
  • Key words: ethnicity affirmed, ethnicity under attack, peripheral ethnicity

The concept of stress and ways of managing it

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  • Page: 179
  • Authors: Mihaela MARARCINE
  • Abstract: There is no doubt that nowadays stress has become an element which exists in everybody's life. Although it is not by far a new phenomenon, nevertheless it becomes more and more important and it affects all countries, all professional and social categories, as well as family and society as a whole. It is very important both for human beings and for organizations to become aware of stress and to manage it in the right way, so that its negative effects can be annihilated and the performed activity not be affected.
  • JEL Classification: M12
  • Key words: organizational stress, stress effects, stress managementului

Efficient uses of some types of surfactant products

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  • Page: 187
  • Authors: Ligia Florica BOTEZ, Camelia Georgeta CALIN, Georgiana Raluca GANCIU
  • Abstract: The present work is part of a more complex study referring to chemical substances known under the name of „surfactants'' or „tensioactive agents'' which can alter the conductivity of fibers, textile materials, etc. in order to diminish some negative physiological effects on the human body. The use of raw materials, indigenous or imported, refers to the strategy adopted by each firm, concerning their own technology, which should include both organization and management of production processes, and ways of introducing the technical progress with economic efficiency.
  • JEL Classification: O30, O31
  • Key words: surfactant, textile industry, latex, deformer, isoelectric point, technical progress

Auxiliaries for the textile industry and environmental protection

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  • Page: 195
  • Authors: Sanda VISAN, Ligia Florica BOTEZ
  • Abstract: The textile industry is an industrial field that affects the environment, from the plant growth until the production process. The obtaining of environmental licence for Romanian companies that produce textile products is related to elaboration and implementation of a modern system for an environmental management, that consist in utilization of ecological technologies for finishing, in diminution the water and energy consumption, cleaning of waste waters, reutilization of cleaned waters, sustainable management of wastes. In this study, the surfactant categories used in the textile industry that fulfil the conditions of environment protection, are presented. Some exemplifications were made involving the existing surfactants in Romanian textile industry, obtained from both domestic and external production. Also, some recommendation are suggested regarding the utilization of surfactants manufactured from either vegetal oils or chemical/petrochemical wastes, with similar properties as those from import having decreased prices an that affect as small as possible the environment.
  • JEL Classification: L67, O13, Q56
  • Key words: textile industry, surfactant, pollution, environmental protection

Investments characteristics in infrastructure industry

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  • Page: 204
  • Authors: Razvan Catalin DOBREA, Nadia CIOCOIU, Stelian TIPA
  • Abstract: The development of the infrastructure has always represented a major priority at the level of all actors implied in the economic-social activity, from public authorities to private organizations and even civil population. The particularities of the investment projects in the infrastructure attract a more and wider private organizations category which analyses the infrastructure differences as potential business opportunities. The present paper presents a series of particularities specific for the investments in the infrastructure sphere as well as the main attraction factor for the private companies.
  • JEL Classification: E22, H21, H54
  • Key words: investments, efficiency, infrastructure

CONGRESE, CONFERINTE, SIMPOZIOANE, FORUMURI

Conference ''Steps toward success - Project Management''

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  • Page: 211
  • Authors: Ravan Catalin DOBREA

Programm Committee

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  • Page: 3

Summary

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  • Page: 4

Food industry in the Romanian economic system

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  • Page: 8
  • Authors: VASILESCU Ion, BUNGHEZ Lucian
  • Abstract: The global economic instability, at international level, but mainly the Romanian economic crisis, has also affected food industry in an alarming way. In this context, the paper approaches several aspects regarding the possibilities food industry can provide in the field of new jobs creation, the demographic policy, the policy of balance of the relationship between generations, the social policies etc. To this effect, a series of possibilities to recover and increase the economic efficiency are suggested, as follows: supporting the reorganization and restructuring of the Romanian companies in the field, promoting the partnership with managers from countries economically developed, promoting an agro-food industry based on knowledge, drafting some strategic objectives of development both under circumstantial and normal conditions etc.
  • JEL Classification: L66, E22, D50
  • Key words: agro-food economy, economic system, economic instability, economic crisis, economic recovery, efficiency, competitiveness

Capital investments in options contracts and straddle contracts

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  • Page: 12
  • Authors: BOTEZATU Mihai
  • Abstract: From the multitude of variations of capital investment on the capital market, this work cuts two of them namely capital investments in options contracts and capital investments in straddle contracts. A distinct place it occupies in the paper presentation of the operating mechanisms of the two types of investment, so that when any investor will take the investment decision to be about the particularities of the two types of investment and risks associated with the course investments concerned. To highlight the best mechanisms for operating the two types of investment are put into question some concrete examples at the end of which an investor opt for example about the order either of those investment alternatives, the decision of course will be related to the manner in which he will anticipate some perspective on the realities of capital markets.
  • JEL Classification: G11, G12, G24
  • Key words: options contracts, straddle, shares, the cash

The impact of investments in global financial crisis

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  • Page: 19
  • Authors: DIMITRIU CARACOTA Maria, MIHALAªCU Ruxandra
  • Abstract: EThe global financial crisis really started to show its effects in the middle of 2007 and into 2008. Around the world stock markets have fallen, large financial institutions have collapsed or been bought out, and governments in even the wealthiest nations have had to come up with rescue packages to bail out their financial systems. The most important task is to break the spiral of falling asset prices and falling demand and to revive the financial sector's ability to provide credit for productive investment, to stimulate economic growth and to avoid deflation of prices. In this time of global financial crisis and recession it is essential to keep markets open to international trade and investment. The current global financial crisis is probably the most severe for the world's financial system since the Great Depression in 1929. This crisis has gone far beyond the financial sector and has seriously affected the real economy. An ample evidence of its negative impacts on FDI has been observed.
  • JEL Classification: G32
  • Key words: investment risk, mergers

Investments and their effects on quality of product and services

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  • Page: 26
  • Authors: TODORUÞ Amalia Venera , VASILESCU Ion
  • Abstract: This paper aims to address issues of importance of investments on the quality of products and services in the contemporary economy. The investments have an innovative character due the fact that creates material conditions in order to promote the technology, ensuring the development and improvement of production factors. All these glide, then, for excellence, to the goal to achieve maximum quality in some efficient conditions and settled deadlines. Also, it is presented the production function Cobb-Douglas, as a model of economic growth. Thus Cobb-Douglas function is a mathematical model/pattern expressing the relationship between the results obtained and the main economic factors of production. We exemplified this mathematical model, achieving a case study of Star Glass SA.
  • JEL Classification: A10, M10, M11, M20, M21
  • Key words: investments, quality, competitive, efficiency

Factors of access to public health services in Romania

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  • Page: 32
  • Authors: CICEA Claudiu , PiRLOGEA Corina
  • Abstract: iIn this paper, the authors have proposed to analyze the degree to which population has access to public health services in Romania, through presenting some factors that influence it. The equitable access to a package of basic health services is one of the objectives that the Romanian health system is following, reform which began in 2005 with the adoption of regulatory laws in the sanitary field. One of these laws aims the national health programs, whose progress is contributing to the efficiency of the health field services.
  • JEL Classification: I10, I18, I19
  • Key words: public health, poverty level, medical services, medical-sanitary staff, social insurance, national health programs

Modern methods for hedging the market risk

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  • Page: 40
  • Authors: MIHÃILESCU Laurenþiu, POPA Gabriela
  • Abstract: The 2008 financial crisis is affecting millions of companies (from small ones up to big corporations) and is one of the hottest topics in all TV deadlines and step by step it starts to be part of our daily reality. The daily reality can be called as ''Market instability'': The recent market instability was caused by many factors, chief among them a dramatic change in the ability to create new lines of credit, which dried up the flow of money and slowed new economic growth and the buying and selling of assets. The weapon against market instability is only one and can be defined in generic terms as ''Hedge''. In finance, a hedge is a position established in one market in an attempt to offset exposure to the price risk of an equal but opposite obligation or position in another market — usually, but not always, in the context of one's commercial activity. The study presents a set of innovative hedging products that can be built based on the instruments traded by commercial banks allowing the customers to hedge efficiently the underlying risks of adverse movements of market parameters (especially FX rate and interest rates). These structures are also more accessible for customers in relationship with the commercial banks than the instruments traded across different stock exchanges.
  • JEL Classification: G21, G11, G32
  • Key words: market risk, hedging, financial crisis, bank, options

The effects of global crisis on the Romanian tourism

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  • Page: 46
  • Authors: ENEA Constanþa, TÃNÃSOIU Georgiana Lavinia
  • Abstract: According to data published by the Statistical Office of the EU, the spread of financial crisis has affected tourism in the EU of course. According to statistics, last year, spent the night in hotels in the EU was 1578 billion, registering a decrease of 0.5% over the previous year. The same number saw an increase of 3.4% in 2007 compared with the previous year and an increase of 2.9% in 2006. If an analysis of different periods, you can see the obvious influence of financial crisis on tourism. Compared to the same period of 2007, between January and April 2008, spent the night in the hotels registered EU increased by 1.6%. This figure decreased by 0.5% between May and August and between September and December when the crisis worsened, this number has dropped drastically to 3.2%.
  • JEL Classification: M21, Z10, Z19
  • Key words: global crisis, tourism and economic regression

The collapse of ENRON, a classic case of corporate social irresponsibility

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  • Page: 51
  • Authors: PETRACHE Ana-Maria
  • Abstract: Corporate Social Responsibility is an issue that is working its way into many policy debates and corporate agendas. The definition of corporate social responsibility has undergone substantial modifications over time and it is still evolving along with society and society's expectations. There is no globally accepted definition of CSR, nor is there a consensus on a definitive list of the issues it encompasses. It is generally agreed that CSR is neither corporate philanthropy nor strict compliance with the law. However, we can easily identify ''events'' which doesn't fit in the CSR framework. The collapse of energy broker Enron Corp. has been described as the biggest business surprise of the past 10 years. It was a surprise which unexpectedly left 20000 employees in a deeply compromised safety of their pension funds. The concept of CSR is underpinned by the idea that corporations can no longer act as isolated economic entities operating in detachment from broader society. Traditional views about competitiveness, survival and profitability are being swept away. The increasingly negative and very pervasive impact of global corporations in all aspects of social life and in the environment has been the catalyst in the emergence of a diversity of stakeholders demanding accountability about the impact of corporate activity in the whole aspects of its influence.
  • JEL Classification: M14, K22
  • Key words: corporate social responsibility, irresponsibility, ethical leadership, Enron

The role of the unexpired risk reserves and outstanding loss reserves in general insurance business

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  • Page: 58
  • Authors: PaRÞACHI Ion, VEREJAN Oleg, BRADU Marcel, VEREJAN Victoria
  • Abstract: The intent of this article is to introduce the topic of both Unexpired Risk Reserve and loss Reserving, especially of the Incurred but not reported reserves (IBNR). We will focus on the purpose, common definitions and basic principles. We will explore the common techniques used by practicing actuaries in estimating of Unexpired Risk Reserve and loss reserves. Unexpired Risk Reserve is the present value of loss and expense payments to be provided for by premiums covering the period from the valuation date to expiry on all contracts in force on the valuation date. A loss reserve is a provision for an insurer's liability for claims. Loss reserving is a major challenge to the casualty actuary because the estimation process involves not only complex technical tasks but considerable judgment as well. This are a critical point, as the actual financial reserves in the accounts has a direct impact on shareholder's equity, solvency, and also on underwriting profit.
  • JEL Classification: L66, E22, D50
  • Key words: reserves for unexpired risks, equalization loss reserves, outstanding loss reserves, IBNR, claim rate, average cost per claim method, run-off triangle

The impact of international financial crisis on foreign direct investments flow in the Republic of Moldova

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  • Page: 67
  • Authors: LUCHIAN Ivan, CIOBU Stela, SLONOVSCHI Dumitru
  • Abstract: During the last years the Republic of Moldova becomes to be more and more integrated to the international investments market. The investment flows in the Republic of Moldova is taking the form of foreign direct investments. The international flows of FDI are decreasing in 2008 due to the effects of international financial crisis, in comparison with the period 2004 - 2007 when it was resisted an increasing trend. In the same time, the purpose of the present article is to present the trends and particularities of FDI in the Republic of Moldova.
  • JEL Classification: D92, F21
  • Key words: iforeign direct investments, international investment market, investment climate, investment process, investment flows, joint venture enterprises, offer and demand of FDI

Analysis of the investment's opportunity in the frame of the decisional process

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  • Page: 74
  • Authors: ÞURLEA Carmen
  • Abstract: In a dynamic competitive economy the investment option supposes the selection of the investment projects upon different criteria. The investments' typology directly determines the investment decision and, implicitly, these option criteria.
  • JEL Classification: M21
  • Key words: investments, criteria, decision, productivity, efficiency

Investment opportunities in infrastructure regardless of financial crisis

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  • Page: 78
  • Authors: ILIE Georgeta
  • Abstract: During these times of dramatic change and financial market disorder, the challenge of infrastructure development is being drawn more into the highlight. Infrastructure will be rising in importance over the next years. The availability and quality of infrastructure directly affect where business operations are located and expanded. In this context, roads and power generation are the most urgent infrastructure needs. The paper reveals a few economic characteristics of current stage of infrastructure, the future role of infrastructure in business competitiveness, availability of infrastructure as a critical issue for businesses, infrastructure investment problems go further than the financial crisis in progress, sectorial approach, partnership between state and private sector in infrastructure projects, infrastructure investment needs in Central and Eastern Europe region, and a few aspects about infrastructure investments in Romania.
  • JEL Classification: G01, H54, G11
  • Key words: infrastructure development, investment, economic global slowdown

The relations between incomes flows, expences flows, result flows- flows of cash, flows of money, cash - flow in the process of the accesion the complementary founds (EFARD)

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  • Page: 85
  • Authors: NECULAI Cristina
  • Abstract: The achievement of a project of investments in agriculture, through the utilization of the financial instrument European Fund for Agriculture and Rural Development means the calculation and the analysis of some obligatory indicators. These indicators of the economical efficiency of investments are calculated on the basis of some flows, such as: incomes flows, expences flows, result flows, flows of cash, flows of money, cash - flow. In this paper we consider, the presentation of the relations between the flows mentioned above is necessary because, the economic efficiency of investments is determined on the base the economic contents and the relation between the flows.
  • JEL Classification: G11, M21
  • Key words: incomes flows, expences flows, result flows, flows of cash, flows of money, cash - flow

Strategies to increase economic efficiency through investment activities in mountain tourism

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  • Page: 91
  • Authors: SAVIN Emanoil
  • Abstract: On national plan, tourism is, in the current period, one of the areas that can provide regional and country, a profitable and economic development. Natural and anthropogenic potential which Romania has is necessary to be properly exploited, providing promotion and development of investment programs, able to attract a large number of tourists. The project is presenting a series of specific mountain tourism development through investment programs focused on strategic quality tourism services and protect the natural environment.
  • JEL Classification: L83
  • Key words: investments, mountain tourism, efficiency

The efficiency of investments in logistic spaces in Romania

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  • Page: 96
  • Authors: ÞARÞAVULEA Ramona Iulia, BÃNACU Cristian Silviu
  • Abstract: Logistics management has always been critical for business competitiveness. Companies are trying to make their activity more efficient by reducing costs for storing and transportation. Also they want to be able to respond more rapidly to customer needs by implementing a delivery system that can satisfy effectively the request in the market. One solution for solving these issues with minimum capital investments is outsourcing of logistic activities, that means transportation services and warehousing. This material aims to analyze the Romanian market for transportation and warehousing services, the main companies and their strategies and future trends of the market.
  • JEL Classification: M16, M29, L91
  • Key words: logistics, efficiency, transportation, warehousing

A mathematical estimate within economic discounting computations

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  • Page: 103
  • Authors: CIOLAC Camelia Elena
  • Abstract: The paper aims to evaluate the opportunity of using mathematic estimation models within economic discounting computation. Several approximation models from the numerical methods theory will be considered in order to determine the evolution trend for investment projects' economic indicators. The paper has a rather theoretical framework and aims to identify new ways of improving existing techniques.
  • JEL Classification: H43, C02
  • Key words: update, discount rate, numerical methods, interpolation

Investments in education - an imperative objective for Europe

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  • Page: 109
  • Authors: IONIÞÃ Ion, IATAGAN Mariana
  • Abstract: The increase of competitiveness through education-research-development, the demand for more, better jobs, the assurance of a sustainable development are the results of the investments made in education and development. However, we believe that the investments made in education can only get efficiently anchored in the European context, as the Communication of the Economic and Social Committee to the European Parliament, the Council, the Economic and Social European Committee, the Regions Committee regarding the fully promotion of the youth's participation in education provide. The stipulations of the communicational assent mention that the investment programmes must be aimed at the achieving of necessary reforms in key fields, such as curricular fields, quality assurance and qualification acknowledgement. Those who invest in education and training - the state, the local communities, the organizations and the people that are not aware of the European dimensions of the decisions they make, will have to deal with a low efficiency of their investment.
  • JEL Classification: I22
  • Key words: education, finance, investment, reform, quality assurance

Managing issues in risk assessment in auditing process

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  • Page: 116
  • Authors: MEDINÞU Daniela
  • Abstract: The paper intends to present some aspects of evaluating various dimensions of risks as they are necessary to be estimated in the auditing process. The definitions for audit are used to emphasize on the nature of the evidence data and the input information for conducting such an audit. Then, a short characterization of the evaluation of risk and a prioritization procedure are described.
  • JEL Classification: M42, G32
  • Key words: auditing process, risk assessment, prioritization procedure

Project resources leveling using software agents

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  • Page: 126
  • Authors: BODEA Constanta-Nicoleta, SABÃU Mirela
  • Abstract: Different approaches to project planning and scheduling have been developed. The Operational Research (OR) approach provides two major planning techniques: CPM and PERT. Artificial Intelligence (AI) initially promoted the automatic planner concept. In order to plan a project, the automatic application of predefined operators is required. However, most domains are not so easily formalized in the form of predefined planning operators. The paper focus is on the agent-based approach to project planning and scheduling, especially in Resource Leveling issues. The authors have developed and implemented the ResourceLeveler system, an agent-based model for leveling project resources. The objective of Resource Leveler is to find a scheduling of resources similar to the optimal theoretical solution which takes into consideration all constraints stemming from the relationships between projects, activity calendars, resource calendars, resource allotment to the activities and resource availability. ResourceLeveler was developed in C# as a plug-in for Microsoft Project.
  • JEL Classification: O22, D44, D00
  • Key words: project management, agent-based models, artificial intelligence, project resource leveling.

The necessity of amplifying the environmental standards within industrial parks in Romania

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  • Page: 132
  • Authors: CIOBOTARU Virginia, VIªAN Sanda, SOCOLESCU Ana-Maria, ÞÃPURICÃ Oana - Cãtãlina, TACHE Florin
  • Abstract: The more and more frequent relocation of industrial companies within industrial parks, as a consequence of amplifying the urban areas' environmental regulations, is due to generate uncontrollable pollution centers, placed just nearby towns and cities, with highly destructive impact upon the environment. This article aims to emphasize a new methodology for approaching the economic activities, within industrial parks, in an ecologic manner. Also, the article underlines sustainable advantages outcoming from promoting the development of ecological-based economic activities within each company located in a certain industrial park.
  • JEL Classification: Q57, R11
  • Key words: ecology, environmental law, environmental protection, environmental standards, industrial parks, methodology, pollution

The economic valorization of local resources - solution of diminish the effects of global crises (case study - Bacau County)

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  • Page: 139
  • Authors: STOICA Maricica
  • Abstract: The current crisis requires us to become aware that the only economic-social development way is the sustainable one, meaning the one that takes into account the limits of the natural environment. A healthy economy cannot develop in a polluted and degraded environment, with a population which is poor, ill and stressed by natural and pollution risks. The crisis should be counteracted by rational sustainable investments, which should offer long term economic stability. The implementation of the investments proposed will be able to be made by using the local labour force, including the socially assisted people and attracting European money-Structural Funds-Operational Programmes. In the long run, such development focused on the capacity to produce and support the natural capital, will lead to the decrease in the damages to the environment, and in the local or central budgetary expenditure and to a stable autochthonous economy.
  • JEL Classification: Q56 , Q51, M21
  • Key words: global crises, investments, resources, ecosystems

Aspects of the collaborating enviroment integration in the SME-s activity in the context of the economic globalization

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  • Page: 144
  • Authors: DOBREA Cãtãlin , CIOCOIU Nadia, ªTEFÃNESCU Andrea Nicoleta
  • Abstract: The actual social-economic context determined major changes and transformations in the strategically and operational plan at the economic system and organization level. The major actual concern regards working capital insurance necessary on a short and medium period, the market quota maintenance and the definition of some strategies capable to ensure acceptable profitability levels. In the context of the expenses structure optimization, at the SME-S level a possible solution regards the integration of some working collaborating media, capable to answer the various requests in a corresponding time period. The present paper analyses a part of the implementation aspects of such systems at the SME-S level, in the context of the economic globalization.
  • JEL Classification: O12
  • Key words: collaborative environment, SME-s, globalization

Romania's integration in the European Union and the absorption of structural funds

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  • Page: 152
  • Authors: NICOLESCU Ovidiu, CEPTUREANU Sebastian
  • Abstract: Romania's integration in European Union brought both advantages and disadvantages for local entrepreneurs. The current paper presents the results of a comprehensive study regarding several thousand Romanian SMEs on an important issue: absorption of structural funds
  • JEL Classification: F21, F36, L74, L25, L26
  • Key words: structural funds, SME, European Union

Project manager's pocket guide

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  • Page: 159
  • Authors: CARAGEA Codin, POPA Gabriela, MIHÃILESCU Laurenþiu
  • Abstract: Today, organizations are becoming leaner, extra layers of middle managers are requiring specialists from marketing, engineering, accounting, and other departments to work together in ad-hoc project teams. Having no full-time, dedicated managers, these teams are often led by one of these specialists who may excel at his or her specialty, but does not necessarily have management experience. Typically, such team leaders must simultaneously make project contributions in their specialty while they try to manage the project. These ''instant'' project managers need help defining the project; initiating, planning, executing, and controlling project events; and figuring out how to bring project events to a timely conclusion. And they can't stop working for the many weeks it would take to acquire extensive management training.
  • JEL Classification: G21, M15, M19
  • Key words: project, project team, project management, project cycle, project plan, key success indicators, quality, deliverable, deadlines, communication, feedback, scope.

The urban system in Romania

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  • Page: 167
  • Authors: ALPOPI Cristina
  • Abstract: A characteristic of the Romanian urban system has been the alternation of the periods of order and turbulence. Order is dominant in the short term but over the longer term is no absolute stability in the dynamics of the city. Instability, at the urban system level, is determined by the dynamic relationship between cities which upset the local, regional and national hierarchies, producing a disorder similar to the turbulence and even chaos. Thus the evolution of the urban system in Romania in the last decades has seen the alternation of periods of stability and instability, even if on the whole there is a relatively constant hierarchy and configuration at different levels. Thus the new national urban system is the result of a chain of fluctuation affecting the inner evolutions of each city, and the categories of cities as a whole.
  • JEL Classification: O18
  • Key words: urban system, urbanization, evolution, stability, instability

Casting with polystyrene pattern

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  • Page: 172
  • Authors: NAME
  • Abstract: In the paper the essence of the evaporative pattern casting process, its technical and economic effects in comparison with classical casting process are presented. The new directions of research in connection with it that shall determine its technological improvements are also presented.
  • JEL Classification: O14
  • Key words: casting, polystyrene pattern, expanded, evaporative moulding

Managerial performance and benchmarking method in public utilities services field

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  • Page: 177
  • Authors: SABIE (ABÃLUÞÃ) Oana
  • Abstract: Measuring performance of public institutions or the provision of public services is one of the most frequently cited objectives of any reform program or strategy for public administration. The utility of such an approach seems to be doubtless, but the practice is so difficult, that the objective remains at the status of goal in most of the situations. However, policy makers, those who develop policies, civil society and even citizens are re-taking the issue with stubbornness, even more mobilized with each failure, to show that this commendable approach of quantifying the results and possibly the impact of the used resources to produce a good public is possible.
  • JEL Classification: L97, L38
  • Key words: benchmark, public utilities, public services, performance indicators

Health care system - concept and importance

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  • Page: 184
  • Authors: BUªU Cristian
  • Abstract: Health care systems are designed to meet the health care needs of target populations. There are a wide variety of health care systems around the world. In some countries, the health care system has evolved and has not been planned, whereas in others a concerted effort has been made by governments, trade unions, charities, religious, or other coordinated bodies to deliver planned health care services targeted to the populations they serve. In Romania in 2001 health expenditures were equal to 6.5 percent of gross domestic product. In 2005 there were 1.9 physicians and 7.4 hospital beds per 1,000 people. The system has been funded by the National Health Care Insurance Fund, to which employers and employees make mandatory contributions. Private health insurance has developed slowly. Because of low public funding, about 36 percent of the population's health care spending is out-of-pocket.
  • JEL Classification: I11, I12
  • Key words: health care, finances, insurance, hospital care, investments efficiency

Indicators characterizing the investment in health system

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  • Page: 190
  • Authors: CEPTUREANU Sebastian, CEPTUREANU Eduard
  • Abstract: Investment process in the health sector presents some peculiarities because the purpose of investment is not economic one that could be evaluated in terms of benefits or value-added growth, but is a social little more difficult to assess quantitative. In these circumstances, the classic effect / effort must be approached in terms of need / effort.
  • JEL Classification: I18, H75
  • Key words: health system, investments

Geographical data management in GIS systems

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  • Page: 196
  • Authors: DOBRICÃ Liliana, COLESCA Sofia Elena
  • Abstract: By the specific data and functions the geographic information system is an indispensable tool used in urban management from the perspective of a decision support system. Processing and synthesizing information from the spatial database provides necessary indices and indicators for understanding urban situation, which in relation with analysis and simulation applications give support for a short, medium and long term urban planning, and at the same time allows useful spatial views for understanding by the urban non-specialists of the necessary spatial elements for decision-making process.
  • JEL Classification: L86, M15
  • Key words: GIS, spatial planning, simulation applications

Electronic commerce - the concurrent of traditional shops in Romania

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  • Page: 208
  • Authors: SÃSEANU Andreea Simona
  • Abstract: Almost unknown to the large public two decade ago, Internet became today one of the main way of communication and information of modern world. The number of users grows at a rapid pace, and in Romania there are over 5 millions of users. Undoubtedly, Internet has in present an extraordinary impact on business world. This is due of the obvious advantages both for merchants and for buyer, comparative with traditional commerce, electronic commerce becoming an important factor to succeed in business in XXI century. Electronic commerce is in continuous development both concerning the relation between economic agents (B to B), and concerning the relation between seller and final customer (B to C).
  • JEL Classification: L81, L86
  • Key words: Internet, virtual shop, modern commerce, traditional shop, electronic commerce

The Balanced Scorecard: translating strategy into results

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  • Page: 214
  • Authors: POPA A. Simona
  • Abstract: In the paper it is shown that the Balanced Business Scorecard (BSC) allows a balance between financial and non financial objectives and performs a quantification of the dimensions of strategy in four areas - financial, customers, processes and potential. Moreover, the BSC provides feedback on internal processes and external outcomes in order to improve further the performance and results in terms of strategy. When the Balanced Scorecard is implemented effectively, can transform strategic planning from an academic exercise in the central nervous of the entire company.
  • JEL Classification: O21
  • Key words: strategy, financial objectives, non financial objectives, Balanced Business Scorecard, performance measurement

The management of waste from electrical and electronic equipment (WEEE) in the European Union

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  • Page: 218
  • Authors: TaRÞIU Valentina Elena
  • Abstract: Worldwide, WEEE constitutes one of the fastest growing waste fractions generated, accounting for 8% of all municipal waste. This trend increases the environmental burdens consequently action on WEEE is an urgent need in nowadays. The paper outline the current status of the management of the WEEE across the European Union.
  • JEL Classification: Q53, Q56
  • Key words: waste from electrical and electronic equipment, WEEE Directive, the responsibility principle

Evolution of complex sales in the service system

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  • Page: 223
  • Authors: LUPU Adrian Gelu , LUPU Felicia Adriana
  • Abstract: Product sales, together with their specific services, are considered to have a complex nature. The services that can be provided are very diverse, and can be differentiated according to several criteria. In the merchandise sale domain, the sales associated to services define the merchandise distribution activity. The increase of the quality of merchandise distribution services generates the efficiency of the offer of the distribution company and increases the client satisfaction degree. The objective of this study is to present the evolution in time of the distribution activity, on one hand, and on the other, to point out the main current tendencies of merchandise distribution and sales activity accompanied by services considering the improvement of their quality.
  • JEL Classification: M10, M13, M21
  • Key words: sales, service system, training, market, distributionie

Marketing environment of public service organizations

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  • Page: 230
  • Authors: ALEXANDRU Gheorghe
  • Abstract: Public service organizations operate in an environment in which there exist the features of marketing, materialized through interdisciplinary nature, unity in diversity and high degree of complexity. To study the market, the specialists of public organizations use general methods of marketing and service techniques. The most important techniques aiming task organization, regulation and market positioning of public services that are the main components of strategic marketing.
  • JEL Classification: M31, L32
  • Key words: marketing of services, market of services, public services

International standards - vector for good practices in broadcasting organizations in Romania

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  • Page: 235
  • Authors: GHERGHEL Monica
  • Abstract: Joining the professional standards (financial audit, evaluation etc.) - required - with the ISO management standards (quality, environment, occupational safety and health, etc.) - considered voluntary - support organizations in meeting mandatory requirements and market penetration. Fulfilling the standards, the organizations can develop an effective strategy to reduce costs and enhance business reputation.
  • JEL Classification: M11, M42, O 12, O21
  • Key words: standard, performance, procedure, monitoring, financial audit

The cultural, social and economic evolution in Romania during 2004-2007

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  • Page: 241
  • Authors: TUDOR Eugeniu, MUNTEANU Sebastian Mãdãlin
  • Abstract: The scope of this article is to present how the Romania's counties evolved, relying on certain main indicators meant to find the level of cultural, social and economic development for the period 2004-2007. As three aspects considered as ''hidden'' factors are to be analyzed by several descriptor variables conducting to a large initial space, we shall proceed to compressing of information by using the technique of dimensionality reduction followed by a differentiation among the Romanian territorial-administrative units on grounds of the new found variables. The formation set comprises information related to a number of 20 variables registered at the level of Romania's counties for the period 2004-2007.
  • JEL Classification: C02
  • Key words: principal component analyses, classifier, training set, discriminant variable

Programm Committee

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  • Page: 3

Summary

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  • Page: 4

Economic research in a new challenge

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  • Page: 8
  • Authors: VASILESCU Ion
  • Abstract: The Romanian economy goes through a stage of economic unbalances. In this context, the necessity generated by psychological and practical reasons to understand and draft ideas concerning the future behaviour of economic systems such as to overrun the actual condition of our country economy arises. Without claiming that the highlighted issues will have an exhaustive nature; this paper will present the affected economic regions, the causes of these situations and the likely action paths in order to overcome this situation. The purpose of this paper is to emphasize the individuality of the Romanian economic system, to draft suppositions regarding the system and not to draft laws or universal categories.
  • JEL Classification: A20, O30, D50, E22
  • Key words: economic crisis, economic balance and unbalance, inflation, unemployment, efficiency, proficiency, economic recovery

Banking credit in the global economic and financial crisis. The situation in Romania.

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  • Page: 12
  • Authors: BUNESCU Petre
  • Abstract: The paper analyses the effects of global financial crisis and presents some arguments that can contribute to mitigating the effects of economic and financial crisis, and therefore to maintaining the important role that the credit you have in supporting these efforts.
  • JEL Classification: G01, F31, G21, G28
  • Key words: subprime credit, the depreciation of regional exchange, banking credit, bank interests

Strategic directions focused on SMEs for the way out of crisis

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  • Page: 17
  • Authors: NICOLESCU Ovidiu
  • Abstract: In the paper there are presented the main negative effects of the world crisis revealed by the analysis performed in SMEs, there are references to some approaches at the international level, and there are formulated some solutions to combat the crisis and relaunch the SME sector in Romania.
  • JEL Classification: G00, G01, G18, G20, H25
  • Key words: financial crisis, SMEs, solution to combat the crisis

Existence crises of actual financial management systems

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  • Page: 23
  • Authors: SVASTA Mihai
  • Abstract: The present financial management systems reflects only partially the economic reality and they are no longer able to act as an instrument for the management. It is absurd that an economy populated by business models based on 21st century technology to use financial management systems based mainly on the same principles formalised by Luca Paciolli in 1494. Therefore, one of the causes of the current economic crisis could be the lack of coordination between the evolution of the business models and the development of new financial management models used by companies, state and investors. The present financial management systems facilitate the existence of grey or even black bookkeeping systems, tax evasion with the help of fiscal paradises, and financial shenanigans aiming to optimise, barely illegal, the financial situations.
  • JEL Classification: G01, P43, M20
  • Key words: financial management system, information for management, economic crisis, poor coordination, business models

Attracting foreign direct investment under high risk and volatility of international financial markets

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  • Page: 29
  • Authors: PaRÞACHI Ion, ARVINTE Vitalie
  • Abstract: International financial crisis caused significant reduction of investment flows, especially to emerging markets, vulnerable to external shocks and foreign exchange rate fluctuations. Under these conditions, decision factors are pushed to adopt changes in investment strategies in order to maintain competitiveness in attracting foreign investments needed to stabilize economy and continue development programs. Under the conditions of incertitude and high risks emerging economies adopted different investment strategies. We propose to analyze in this article the following aspects: Which are the most efficient economic policies under the new circumstances of international financial markets? How to diminish the effects of the global economic crisis and ensure attracting of needed foreign investment? Which is the role of international financial institutions to support investment process in Central and Eastern Europe?
  • JEL Classification: E60, F21
  • Key words: economic recession, foreign direct investment, government policy, risk analysis, foreign exchange market

Financial investments and real investments in the economy of Romania

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  • Page: 35
  • Authors: ROMaNU Ion
  • Abstract: This paper aims to highlight the benefits and the importance of investments in economic growth of a country. Global crisis creates impediments in obtaining these investments, which structure was divided into financial investments and real investments. Among the many causes that have helped macroeconomic destabilization and recession felt today in Romania, are found: defective management of banks, the decreased share of exports in external trade activity, the external deficit of the country. All these have negative implications also on the sums attracted from abroad which represent an important financing source of the real economy development.
  • JEL Classification: G00, G01, G20, E22
  • Key words: real investments, financial investments, foreign direct investments, financial crisis, real economy

The quality -competitiveness factor of the organizations based on knowledge

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  • Page: 40
  • Authors: TODORUÞ Amalia Venera , VASILESCU Ion
  • Abstract: In the present frame, marked by economic crisis, globalization of competition, the quality of products and services is the reference point of any organization. Continuous improvement of product quality and service has become new references in the current economic landscape, highly complex located in a permanent dynamic, characterized by fast diversification and renewal of supply of goods under the impact of the rapid development of science and technology, globalization of markets, facilitated by developments in telecommunications, the growth of customers requirements and society. The competitive advantage of organizations obtained through high quality products and services gather new values in the frame of knowledge based economy.
  • JEL Classification: A10, M10, M11, M20, M21
  • Key words: quality, competitiveness, knowledge, investment, efficiency

Using financial ratios to identify Romanian distressed companies

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  • Page: 46
  • Authors: ANDREICA Mãdãlina Ecaterina, ANDREICA Mugurel Ionut, ANDREICA Marin
  • Abstract: IIn the context of the current financial crisis, when more companies are facing bankruptcy or insolvency, the paper aims to find methods to identify distressed firms by using financial ratios. The study will focus on identifying a group of Romanian listed companies, for which financial data for the year 2008 were available. For each company a set of 14 financial indicators was calculated and then used in a principal component analysis, followed by a cluster analysis, a logit model, and a CHAID classification tree.
  • JEL Classification: G01, G33, C40, C50
  • Key words: distress company, financial ratio, cluster, CHAID, logit model

Public investments and public-privat partnerships development

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  • Page: 56
  • Authors: SECRIERU Angela, LOPOTENCO Viorica, CIUMAC Eugenia
  • Abstract: Countries seeking to build up their infrastructure in different sectors have several options, including raising financing for public investment by borrowing, increasing public saving, and reallocating public spending from other sectors; getting more out of their investments by improving investment planning and project evaluation and implementation procedures; and encouraging private sector investment. The appropriate strategy will vary from country to country, depending on a country's fiscal position. An increasing number of countries have entered into PPPs to promote the private sector supply of infrastructure assets and infrastructure based services.
  • JEL Classification: H43, H54
  • Key words: public-private partnerships, infrastructures, investments, public sector, private sector

E-education, information investors in people for relaunch economy

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  • Page: 62
  • Authors: DAVIDESCU Niculae
  • Abstract: The paper addresses the issue of modern concepts of "e-education and e-learning", plus the models and the recovery of investment. The following are educational approach focusing on e-learning, using principles androgogic system E-learning, models for implementation of e-learning, plus a comparative analysis of standards and norms of global e-learning. Insertion peculiarities of international standards for e-learning(defining the standards and norms of international e-learning, the use of e-learning on the job market and the realization of e-learning focused on the correlation between strategic business objectives, infrastructure and evaluation system preparing staff). End of paper plays Six-Sigma methodology and the recovery of investment specific e-learning, the level of competence of the actors in the e-learning paradigm and implementation and benefits of online learning.
  • JEL Classification: I22, L86, O32
  • Key words: e-education, web-based learning, open and distance learning, androgogic model of e-learning

Managerial analyses models in knowledge society

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  • Page: 68
  • Authors: LUPU Adrian
  • Abstract: Taking account of the actual economic conditions, the new dimensions of innovation, many factors are equally important in producing a position of success. The goal of much of business strategy is to achieve a sustainable competitive advantage that give a company an edge over its rivals and an ability to generate greater value for the firm and its shareholders. Competitive advantage is the result of a strategy capable of helping a firm to maintain and sustain a favourable market position. The more sustainable the competitive advantage is, the more difficult it is for competitors to neutralize the advantage. The goal of this article is to foreground a few of the most complex and pertinent typological approaches of managerial analyses, focuses on methods for strategic analyses of intern and extern environment.
  • JEL Classification: M10, M21
  • Key words: strategic analyses, competitive advantages, value chain, strategy

Globalization and the creation of the information society

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  • Page: 80
  • Authors: NAME
  • Abstract: XXI Century must be a century of all the inhabitants of this planet, the full event, open and protected the human personality, the potential for work and intelligence of every citizen. It will be the century of the Information Society and Knowledge, in which information and knowledge will play a decisive role in the economic world of states, in shaping the construction and affirmation of each individual personality. This century will be those who will know how to adapt to new requirements of the Information Society, in which states and governments will need to ensure that their citizens be prepared to accept and to live in such a society. Starting from these basic options on the future of Romanian society, it must have the fundamental premise of these incontrovertible truths.
  • JEL Classification: F01, F15, F59
  • Key words: globalization, information society, global economy, technical and technological revolution

Strategy elements of export improvement in agro-economy of Serbia

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  • Page: 84
  • Authors: MIHAILOVIÆ Branko, SUBIÆ Jonel, SIMONOVIÆ Zoran
  • Abstract: In forthcoming period, export organizations are going to face tougher competition, which will significantly influence on expectable export effects of their products. This factor must be counted on, and the only way to long-term neutralize the negative effects, based on insufficient competitiveness of domestic goods, is in constant efforts for competitiveness level increment of these products. That is to say, all reserves, primarily in the field of larger productivity and decreasing the production costs have to be engaged in this plan. That implies also certainly slower prices increment, as well as solutions regarding adequate export impulse and relief of export - oriented production, which would certainly help to react more efficient and faster to conditions on foreign market. Regarding comparative advantages, Serbia insufficiently uses even realistic natural possibilities for agricultural products production.
  • JEL Classification: Q12; Q16; Q17
  • Key words: agro-economy, strategy, export, cooperation

The effectiveness of using intangible assets in order to decrease the costs of R & D for innovative SMEs for a research institute (INFOSIT)

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  • Page: 93
  • Authors: BÃNACU Cristian Silviu, DUNCA Victor, HaNCU Daniela, SÃSEANU Andreea, ALPOPI Cristina
  • Abstract: The paper deals with the ways how the intangible assets and other objects of intellectual property are identified and assessed at the Research Institute INFOSIT SA in order to participate at national, European and international research projects and for developing partnerships with innovative SMEs for business incubator activities.
  • JEL Classification: O32, O34
  • Key words: intangible assets, effectiveness of using intangible assets, partnerships research centres - SMEs

The magic of the century we live in. The supremacy of three bio factors and their impact on firms trading

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  • Page: 98
  • Authors: TÃNÃSOIU Georgiana Lavinia, ENEA Constanþa
  • Abstract: Technology has come to be appreciated as key to the competitiveness of micro and macroeconomic level. Technological environment affecting business firms by increasing trade efficiency in making services and quality of services. Usually there should be no problems related to computer equipment or communications systems. Life of individuals and firms will be influenced increasingly more by biotechnology, bionic or biometrics. Today it put more emphasis on the development of biotechnology, whose future shows to be as extensive as in the case of information technology. Biotechnology also founded an alternative universe.
  • JEL Classification: M20
  • Key words: technology, biotechnology, bionic, biometrics, firms trading

Financial analysis of e-services investment projects in Romania

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  • Page: 105
  • Authors: JANTEA Lorelai, SACAL Bogdan , BaDESCU Adrian Victor
  • Abstract: Cost-benefit analysis is considered to be one of the most efficient tools in order to quantifiy the neccessity and oportunity of an investment project. The main advantage of this method is that it can be very easily applied in practical situations. Nevertheless using cost-benefit analysis has to take into account the specific elements of the analyzed project in order to draw the appropriate conclusions. Public e-services investment projects are a special type of investment projects that do not generate any incomes and are subject to non-reimbursable funding thorough existing financing programs. These particularities make for some adaptations to the classic cost-benefit analysis methodology.
  • JEL Classification: L86, D61, H54
  • Key words: cost-benefit analysis, public e-services, non-reimbursable funding

Aspects of the management of electronic public services - considerations on e-gov and the digital divide

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  • Page: 112
  • Authors: FRÃÞILÃ Laurenþiu, FRÃÞILÃ Romeo
  • Abstract: The paper relates to some newly introduced concepts in the practical and theoretical applications of the ITC technologies; all are related to an expected increase in the quality of the life of citizens and are vast consumers of tangible and intangible investments. The interest for the management at the domestic level comes from the need to prioritize resources, vast majority being publicly sustained. All that is pursued is the effective ways fi configure the usage of the ITC uses. The Electronic government (E-Gov) is the use of technology, particularly Web-based Internet applications, to enhance the access to and delivery of government information and services to citizens, business partners, employees, agencies, and other entities. E-Gov promises its government sponsors a powerful tool for improving processes and communicating with the rest of the world.
  • JEL Classification: M15, M21, O33
  • Key words: e-government, e-governance, digital divide, Internet, public services

Investment in education and professional advancement key elements in the development of society that is base on knowledge

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  • Page: 123
  • Authors: FRÃSINEANU Ioan, FRÃSINEANU Corina
  • Abstract: The Human Resources field, through education and lifelong learning, represent the impetus of development in the knowledge-based society. The paper presents various measures related to possible European Social Fund investments in Romania between 2007 and 2013.
  • JEL Classification: I22, I28, J24
  • Key words: knowledge-based society, education, lifelong learning

Values generating model in case of intellectual capital by new knowledge development

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  • Page: 130
  • Authors: RAÞIU-SUCIU Camelia
  • Abstract: As knowledge becomes more efficient according to its utilization, the steps of a values generating model by new knowledge development, in case of intellectual capital, are presented. The strategies of a training organization aiming at generating new information and knowledge are stated.
  • JEL Classification: M21, O34
  • Key words: intellectual capital, training organization, innovation, creativity, network economy, new knowledge generation

Information management in healthcare organizations

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  • Page: 133
  • Authors: COLESCA Sofia Elena, DOBRICÃ Liliana
  • Abstract: The health care industry is currently experiencing numerous fundamental changes. Healthcare organizations (HCOs) are increasingly challenged to look at their operations and find new opportunities to reorganize their processes, in order to improve the efficiency and effectiveness of their services, reduce costs, be more competitive, and also provide high quality and more personalized patient care. This new business strategy requires HCOs to implement new Information and Communication Technologies, such as Internet applications, enterprise information systems, and mobile technologies, in order to achieve their desired business changes and results, mainly through better information management methods and techniques. Based on these perspectives, this article aims to initially define and discuss the key challenges and opportunities for promoting high quality and cost effective care in HCOs. It describes the fundamental and important aspects of information management, as well as the technology drivers that aim to improve the generation and flow of health information within HCOs.
  • JEL Classification: I10, M15
  • Key words: information technologies, management, healthcare organizations

Using simulation to evaluate investment projects

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  • Page: 139
  • Authors: LUBAN Florica
  • Abstract: The goal of this paper is to show how the system dynamics simulation can be applied to incorporate in the evaluation process of various investment projects the interactions between market demand and financial health of the firm. Through simulation, a more accurate representation of the variability and uncertainty of business proposals or strategies can be obtained.
  • JEL Classification: C15, C63, E22, E37, D81, D92
  • Key words: simulation, system dynamic, investment decision

Economic financial analyses - a way to determinate the corporate lifecycle in distribution companies

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  • Page: 145
  • Authors: LUPU Felicia Adriana
  • Abstract: Distributions Companies .have a lifecycle and undergo very predictable and repetitive patterns of behaviour as they grow and develop. At each new stage of development an organization is faced with a unique set of challenges. How well or poorly management addresses these challenges, and leads a healthy transition from one stage to the next, has a significant impact on the success or failure of their organization. The aim of this article is to find out which are the representative indicators which provide information in this matte, considering the specific of this companies.
  • JEL Classification: M10, M21, M49
  • Key words: lifecycle, economic-financial analyses, phases of the lifecycle, economics indicators

Strategies based on the quantitative global analysis of the concurrent position function

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  • Page: 153
  • Authors: ȘTEFÃNESCU Roxana
  • Abstract: The paper shows an original model describing in mathematical language the way in which the concurrent position of the product considered varies in time [0,T]. The model starts from Arthur D. Little model consisting of a qualitative analysis of the various activities of the company depending on the maturity of the business scope and the position among the competitors of the company in its business scope.
  • JEL Classification: C65, M21
  • Key words: concurrent position, illusory area, unacceptable area, natural development area

Analysis of the Romanian biofuels industry under the current economic conditions using PESTEL

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  • Page: 159
  • Authors: OLTEANU Alin Paul
  • Abstract: Biofuels worldwide recorded considerable growth rates over the last years, making them one of the most flourishing young industries. The biofuels industry within the EU27 focused on the production of biodiesel, which is the equivalent of the regular fossil diesel. Main drivers, which led to this development, were a favorable legislative framework promoted by the EU, which was translated by each EU member state through excise tax exemptions and obligatory fuel blending levels, and higher production levels of oilseeds, the main raw material for biofuel production. Based on the favorable context within the EU and its agricultural potential Romania could increase both its internal consumption of biodiesel and become a net exporter of biofuel to other EU countries. A thorough analysis of the current market conditions in the European and Romanian economy, and in the biofuel market specifically, is a requirement for the long term sustainability of Romanian investments in biofuels. This study aims at providing a basis for identifying the risk factors, faced by investment projects in Romanian biofuels, using the PESTEL analysis tool.
  • JEL Classification: Q42, Q57
  • Key words: biofuels, biodiesel, sustainable biodiesel production, PESTEL

EVA - Advanced method for performance evaluation in banks

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  • Page: 168
  • Authors: POPA Gabriela, MIHÃILESCU Laurenþiu, CARAGEA Codin
  • Abstract: EVA (Economic Valued Added) is a modern financial measurement tool that determines if a business is earning more than its true cost of capital. Including a cost for the use of equity capital sets EVA apart from more popular measures of bank performance, such as return on assets (ROA), return on equity (ROE), net banking income and the efficiency ratio, which do not consider the cost of equity capital employed. As a result, these measures may suggest a bank is performing well, when in fact it may be diminishing its value to its shareholders. EVA is a tool that focuses on maximizing shareholder wealth. EVA is an appropriate tool for motivation system and in this way it motivates managers to think like owners; and provides a common language within the corporate culture. The EVA application in banks is relatively new (it started to be implemented in U.S. in 1994) and is not as well known as other measures of bank performance. As in the Romanian Banking system this measurement method is not familiar or used, the purpose of this study is to introduce EVA and its advantages compared to other performance indicators and based on this study to try to implement it in one of the Romanian banks.
  • JEL Classification: G21, G31, G32, M21, M41, O31
  • Key words: performance measures, EVA, shareholder value, banks, motivation system

Successful brands or key to any company's success

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  • Page: 174
  • Authors: POPESCU Ruxandra Irina
  • Abstract: ''Some consumers would walk a mile just to find Camel cigarettes and would wait in line for hours to buy a Swatch. Others are attached to their cars or motorcycles, while teenagers spend hours and hours talking about hip clothing brands'' (Schroeder & Salzer-Morling, 2006). The subsequent question is: are these people victims of manipulation, publicity or are they simply people who love symbols? Chevalier and Mazzalovo (2004) claim that a brand does not represent manipulation, that consumers choose certain brands as they see them as the best on the market.
  • JEL Classification: M31
  • Key words: brand, marketing, global brands' value, consumers

Market structure and economic transition in the Baltic Republics

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  • Page: 180
  • Authors: WADSWORTH Frank, WHEAT Jerry, WHEAT Jerry
  • Abstract: Each of the four countries analyzed in this study has gone through a transition period since the fall of the Soviet Union in the early 1990's. Each has tried different strategies to change their economies and each has different results. The purpose of this paper is to explore and compare the market structure of the four countries 10 years the after transition started. The data for the study comes from the Business Environment and Economic Performance study (BEEPS) 2002 sponsored by the World Bank. While the BEEPS data does not allow us to analyze the effectiveness of the different strategies employed, the data does allow us to compare 2002 market structures and thus the results of the transition.
  • JEL Classification: D40, P30, R10
  • Key words: market structure, economic transition, Baltic Republics, BEEPS study

Substantiating the managerial decision regarding the introduction of an investment process in a rent a car company

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  • Page: 190
  • Authors: URSÃCESCU Minodora
  • Abstract: The more and more complex economic phenomena, which appear on worldwide and national level, impose the use of some software products, capable to assist the decision factor in adopting some optimal decisions. Such software products are characterized by the use of a very complex economic-mathematical device, by means of which a series of real phenomena which generate a decision problem within the organization's framework can be formalized. The present article intends to approach a decisional situation confronted in a certain moment by a managerial team of a company which works on the renting cars national market. The decision problem consists in establishing the optimal structure of the car park, which the company intends to acquire by introducing an investment process, in terms of satisfying an optimization criterion, resulted from the general strategy of the company.
  • JEL Classification: M31
  • Key words: rent a car service, influence factors, linear optimization model

The self-adaptable energetic amplificator coeficient of the human personality, performance indicator in the investment eficiency evaluation

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  • Page: 198
  • Authors: PÃUNESCU (NICOLESCU) Ramona Camelia
  • Abstract: This article proposes to bring to the specialists' attention to the necessity of a redefinition of some concepts and the introduction of new concepts, so that to be ensured a sharp, coherent and interdisciplinary understanding of any organisation as a natural system with complex self regulation. In the accessed present literature it isn't treated the property of the holder of the post as self-adaptable energetic amplificator, either criteria of the efficiency investment evaluation, neither of the education efficiency. The self-adaptable energetic amplificator coeficient of the human personality (of the post holder) on the direct curle is a new indicator, which could help the educational manager to develope the evaluation of the investment efficiency in modern educational technologies (besides other consacrated indicators), and the economical manager to use efficiently the energetic potential of each employer.
  • JEL Classification: M21, I22
  • Key words: system, intellectual energy, human interpreter of information, investment efficiency, self-adaptable energetic amplificatory coefficient

The importance of investment decision in enterprise management

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  • Page: 204
  • Authors: CUCU Virginia
  • Abstract: The management of a company must fulfill at least two essential conditions in order to achieve the goal of maximizing the market value of the company: efficiently using the existent resources and the opportunity of increasing or decreasing the capital stock. The second condition implies a complex decision called the investment process or the programming of the investment or the financing of the capital. Any of these terms refer to the process of the expenses programming whose effects are estimated to be obtained in a period longer that a year.
  • JEL Classification: D81, D92, G11, G31
  • Key words: decision, investment, strategy, profitability, risk

Considerations about implementation of the Waste Electric and Electronic Equipment Directive in Romania

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  • Page: 211
  • Authors: CIOCOIU Nadia, DOBREA Cãtãlin, TaRÞIU Valentina
  • Abstract: Electric and Electronic Equipment Waste Management has become in the last years one of the most important concerns all over the world regarding environmental protection. For Romania, as for the other countries, members of the European Union, this concern has been intensified by the necessity of alignment to the European directives regarding electric and electronic equipment waste management, especially to the Directive 2002/96/CE. Although the waste quantities collected until now are far away from the goal proposed by EU, progresses have been made in what regards the implementation of an appropriate management system in Romania. This study presents the principal aspects with which European countries confront in implementing this directive and analyses the situation of Romania regarding the stage reached until now but also the main problems appeared during the last years. The paper is the result of the research in project ''Modeling the Waste Management System for Electrical and Electronic Equipment in Romania in Order to Optimize the Environmental Impact of the Digital Economy'', code ID_1834, director Nadia Ciocoiu.
  • JEL Classification: Q53, Q58
  • Key words: Waste Electrical and Electronic Equipment (WEEE), Directive 2002/96/CE, consumer behavior, collecting, recycling

The agro-ecologic products, a new direction for the capital investments

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  • Page: 220
  • Authors: BOTEZATU Mihai
  • Abstract: One of the biggest problems facing humanity today is the nourishment problem and not as food seen in terms of quantity but especially in terms of quality. Quality of food in general we can say that it is in direct line with the quality of life. A significant part of the world's population lives loses annually due the consumption of non-food products that are based on their production of numerous chemicals, fertilizers, improper chemical, food additives and food colorings improper. All these things have made the world to wake up and notice that in order to prolong life expectancy is necessary to take urgent measures to improve on the technology of production of agricultural raw materials both animal and vegetable. Addressing this goal, however, involves the investment capital that will finally be materialized in obtaining products mentioned in another scheme, namely the environmental. This article tries to point the main problems faced by capital investment in this area, the investments also extremely necessary. A separate part of communication is devoted to the presentation of possible sources of investment among which are not lacking some possible sources on the capital market for financing such investments.
  • JEL Classification: Q16, Q18, Q57
  • Key words: organic food, investments, ecologic technologies, shares, bonds

The impact of the bank credits on the sustainable development of the real sector in the Republic of Moldova

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  • Page: 227
  • Authors: CIOBU Stela, PaRÞACHI Ileana
  • Abstract: The reformation and consolidation of the credit system is one of the factors that can stimulate national economic growth. In this context, the presentation is emphasizing the problems and proposals referring to the consolidation and sustainable development of the real sector through the bank credits. As well, it remarks the possibilities of decentralization of the national credit system, through the diversification of the types of credit institutions and financial products, both in urban and rural areas that could cover the financial necessities of all branches and spheres of the national economy.
  • JEL Classification: E50, O23
  • Key words: bank credits, real sector, interest rate, sustainable development, bad credits, volume of credits

Romanian entrepreneurial environment, key aspect in investment decision

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  • Page: 234
  • Authors: NICOLESCU Ciprian, CEPTUREANU Eduard
  • Abstract: The entrepreneurial environment in Romania is a big still unexploited asset for the European Union but a change in its perception can be noticed. With a population of 21,7 millions, Romania is one of the largest countries accepted in EU and provide important business opportunities for both local and international investors. But how are seen this issues by local entrepreneurs?.
  • JEL Classification: F21; G11; L26
  • Key words: entrepreneurial environment, SMEs, Romania

The influence of international economic crisis to Romanian foreign direct investments

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  • Page: 240
  • Authors: MUNTEANU Sebastian Mãdãlin, TUDOR Eugeniu
  • Abstract: The article focuses on the role of direct foreign investments in modernizing the economies in transition, the impact of these investments in changing the specialization type and increasing the exportation potential, all within the context of the current financial crisis experienced at world level. Simultaneously, the article analyzes and explains the paradoxical situation according to which the direct foreign investments for the first two months of 2009 have been bigger than for the same period of 2008, despite the unfavorable financial context. Taking into consideration the current transformations in Romania, the foreign investments role is to be analyzed both from the perspective of doctrinarian and economic world developments and in relation with the internal economical, social and political reforms. The foreign investment conditions and effects are widely ramified, thus their analysis automatically leads to an approach of the entire economic development system, both at national and international level. We aim to analyze the two stages of direct foreign investments, the one in which the said investments positively contribute to the beneficiary country's balance of payment and the one in which the said investments are to be repatriated as dividends in the investor companies mother-countries.
  • JEL Classification: D92
  • Key words: direct foreign investments, financial crisis, current account deficit

„End of pipe'' clean metallurgic technologies

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  • Page: 246
  • Authors: CUCULEANU Georgeta
  • Abstract: In the paper the use of ''end of pipe'' clean technologies for steel making in oxygen converter are presented. The exhaust gases resulted from steel making process contain dust, smoke and oxides as pollutants. For restraining them electric filter or washers are used. The washer can be scrubbers and/or multitube Venturi. The equipment in which the pollutants are restrained depends on the oxygen blast into the converter: when the blast is done from up to down through a spear the electric filter is used, but when the blast is done from down to up through bottom of the converter the washers are used.
  • JEL Classification: A20, O30, D50, E22
  • Key words: electric filter, blast, converter, washers, dust, steel

Organizational stress management

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  • Page: 251
  • Authors: DIMITRIU CARACOTA Maria, MITOVSKI Andrea
  • Abstract: Abstract
  • JEL Classification: J28, J81, M12, M54
  • Key words: Stress Management, Organizational Stress, Total Working System

Components of public health system, decisive vectors in its efficiency

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  • Page: 261
  • Authors: CICEA Claudiu, PiRLOGEA Corina
  • Abstract: Abstract
  • JEL Classification: I10, I18, I19
  • Key words: Ministry of Public Health, National House of Health Insurance, physicians, pharmaceutical chemists, Association of patients, National Medicines Agency

SUMMARY

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  • Page: 3

MAPAMOND

A country of all legal possibilities or about the culture and the management in the United States of America

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  • Page: 6
  • Authors: Amedeo ISTOCESCU
  • Abstract: The purpose of this paper is to briefly describe the complex experience that I had traveling, for the first time, in the summer of 2009, for seven weeks, in the United States of America. Both fascinated and intrigued, I went through ''country of all legal possibilities'', admiring, observing, but, above all, asking myself a lot of natural questions. So in this travel journal ''made in United States of America'' I intend to launch these questions that have sprung up in my mind in this almost perfect world, questions that have their ordinary answers in a complex culture, and a modern management, as special as is the nation that includes them.
  • Classification-JEL: Z10, Z19, O51
  • Key words: rules and principles, personal freedom, traveling, cultural journey, complex culture, modern management, United States of America.

MANAGEMENT

Causality tests between stock market development and economic growth in West African Monetary Union

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  • Page: 14
  • Authors: Maman Tachiwou ABOUDOU
  • Abstract: This paper examines the causal relationship between stock market development and economic growth for the West African Monetary Union economy over the last decade or so. By applying the techniques of unit-root tests and the long-run Granger noncausality test proposed by Toda and yamamoto (1995), the causal relationships between the real GDP growth rate and two stock market development proxies are tested. The results are in line with the supply leading hypothesis in the sense that there is strong causal flow from the stock market development to economic growth. A unidirectional causal relationship is also observed between real market capitalization ratio and economic growth.
  • Classification-JEL: G28, G32, E2, O55
  • Key words: stock market development; economic growth; Toda and yamamoto causality test; West African Monetary Union.

The effects of migration and fertility on the age-sex structure of Lagos State, Nigeria

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  • Page: 28
  • Authors: Esther Ugomma EJEKWUMADU, Ignatius Ani MADU, Chukwuedozie Kelechukwu AJAERO
  • Abstract: This research was carried out to appraise the influence of fertility and migration on the age-sex population structure of Lagos State, Nigeria. Respondents were randomly selected and given questionnaire to fill with regards to fertility and migration trends in the study area. Using partial correlation and multiple regression analyses, we determined the influence of migration and fertility on the age structure of the population. The combined effects of the partial correlation of fertility and migration were 0.66 (males) and 0.79 (females). The regression analyses yielded influence of fertility of 9.6 and 11.7 for males and females respectively, which far outstrips the influence of migration of 6.4 and 1.5 for males and females respectively on the age-sex structure. Also, the base constant was -5.1 for females and -3.2 for males i.e. the minimum change in age of male and female populations that would occur before the influence of fertility and migration become noticeable. Finally, the socio-economic implications of the age-sex structure were highlighted.
  • Classification-JEL: J13, O15, R11, R23
  • Key words: age-sex population structure; fertility; impact; Lagos State; migration;Nigeria.

An assessment of partnerships between technical vocational education and training and its stakeholders in the development of Ethiopian SMEs

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  • Page: 39
  • Authors: Killian MUNZWA, Tendayi GONDO, Augustine TIRIVANGANA
  • Abstract: This paper examines the Ethiopian Technical, Vocational Education and Training (TVET) in terms of policy, strategies, curriculum, implementation, practice and challenges faced on the ground by both the TVET program and the nation in meeting the skills needs of industry and human capital development in general as enunciated in the goals of ESDP III, (Ministry of Education, 2005). In doing this the paper reviews the skills needs of industry against the capacity of the institutions of higher education's capacity to meet these needs. It is in this context that the appropriateness of the curriculum and its implementation in respect of the TVET goals is scrutinized (Ministry of Education, 2008). Furthermore, government policies and strategies in the identification and selection of appropriate candidates for the TVET program and the incorporation of stakeholders are examined. In this assessment issues of collaboration by stakeholders in the provision of training resources and facilities are assessed, especially financing and human resource requirements in respect of staffing levels and requisite technical skills and supportive equipment and other resources. Policies and organizational structures in the identification, mobilization and distribution of such resources are also examined. To this end any opportunities that may exist for the retention and further training of the TVET graduates already employed by the industry are also reviewed. An important aspect of this evaluation is to identify and understand the kind of relationships and partnerships that exist between the TVET colleges, and government. Similarly an assessment is done concerning curriculum implementation, practice and delivery.
  • Classification-JEL: I21, I22, N47
  • Key words: technical vocational education, curriculum, implementation, partnership.

Practicing governance: pitfalls and potentials - a study of Bangladesh

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  • Page: 57
  • Authors: Khan Rubayet RAHAMAN , Zakir HOSSAIN, Ashiq-ur RAHMAN, Mohammed Shariful ISLAM
  • Abstract: Governance is a manner of undertaking activities performed for a state's people by the state's government to ensure development. Hence, it has scope of having conflicts between state policy and government bodies resulting poor quality of governance: abuse of rule of law, bureaucratic discrimination, corruption, poverty, inequality, low level of human resource development, low level of per capita income, poor utilization of country resources, etc. The reason for conflicts is poor governance vis-à-vis the result from poor governance, i.e., as there has conflict, there exists poor governance and at the same time as there exists poor governance, there has conflict. On the other hand, interrelationships between state policy and government bodies assist ensuring good governance: participatory, consensus oriented, transparent and accountable, equitable and efficient, etc. Developing nations like Bangladesh require having good governance in their countries for promoting development indicators: ‘country resource' mobilization, increasing GDP growth, increasing per capita income, enhancing quality of socioeconomic indices of people, etc. The major of findings from this paper is ‘good governance for sustainable development'. This paper addresses issues of historical performance of governance exercise, obstacles towards good governance, and reforming agendas come up in past studies. The authors conclude by explaining why and how good governance is essential in Bangladesh for sustainable development.
  • Classification-JEL: R38
  • Key words: governance, pitfalls, potentials, Bangladesh.

Entrepreneurial characteristics of indigenous housing developers: the case of Malaysia

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  • Page: 73
  • Authors: Mastura JAAFAR, Abdul Rashid ABDUL AZIZ, Roslinda ALI
  • Abstract: Since the colonisation era, the immigrants from mainland China (and now their descendents) dominate the Malaysian housing industry. Their high entrepreneurial ethics stimulated early venture in all economic sectors to become dominant in business. To increase the participation of indigenous entrepreneurs in economic activities, Malaysia has practiced its own version of the affirmative policy since the 1970s which is known as National Economic Policy (NEP). Unlike other economic sectors such as construction, manufacturing and agricultural, the government has not provided special assistance (other than those that are generic in nature) for the indigenous populace to penetrate and thrive in housing development. As a consequence, their participation in this sector is conspicuous by their absence. A study was conducted to look into the involvement of indigenous housing developers in housing industry. Data was collected through postal questionnaires followed by face-to-face interviews. The discussion on the data analysis is presented together with interview findings.
  • Classification-JEL: R31, L26, C83
  • Key words: indigenous housing developer, housing development industry,entrepreneur characteristic.

Benchmarking in Prior Learning Assessment and Recognition (PLAR) - Tool for training reform

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  • Page: 92
  • Authors: Author: Rodica MOLDOVEANU
  • Abstract: Adults invariably need to change their job from sector to sector and place to place as their life and training needs change. In this respect the importance of recognizing people's knowledge, skills and competencies as basis for further learning and development can not be overstated Prior Learning Assessment and Recognition process (PLAR). Accepted benchmarks for PLAR support assessment process by providing a list of function, skills and knowledge that need to be used as a complementary set of generic standards of best practices in PLAR.
  • Classification-JEL: D83, J24
  • Key words: assessment, benchmark, competencies, PLAR, training, reform.

Examining an important urban transportation management tool: subarea modeling

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  • Page: 98
  • Authors: Xueming CHEN, ying CHEN
  • Abstract: At present, customized subarea models have been widely used in local transportation planning throughout the United States. The biggest strengths of a subarea model lie in its more detailed and accurate modeling outputs which better meet local planning requirements. In addition, a subarea model can substantially reduce database size and model running time. In spite of these advantages, subarea models remain quite weak in maintaining consistency with a regional model, modeling transit projects, smart growth measures, air quality conformity, and other areas. Both opportunities and threats exist for subarea modeling. In addition to examining subarea models, this paper introduces the decision-making process in choosing a proper subarea modeling approach (windowing versus focusing) and software package. This study concludes that subarea modeling will become more popular in the future. More GIS applications, travel surveys, transit modeling, microsimulation software utilization, and other modeling improvements are expected to be incorporated into the subarea modeling process.
  • Classification-JEL: R48, L86, L92
  • Key words: subarea model, regional model, SWOT analysis, software evaluation.

Statistical approaches of the credit and the banking rating in the national economy

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  • Page: 114
  • Authors: Ion PaRTACHI, Lilian HANCU, Stella ENACHI
  • Abstract: The appearance of the credit is closely related to the appearance of the commercial banks, the mobilization of the monetary disposals on the market and their efficient placement to the funds solicitors is being accomplished through credits. The credit giving can be generally described as the process through which a certain value is loaned to a potential debtor which has a certain activity, accepting a financial risk to the possibility that that person/entity may not be capable to fulfill their obligations in the future.
  • Classification-JEL: E51, G21, G24, y10
  • Key words: bank credits, evolution, rating, the balance credit/deposits, weight of credits.

Short history of the theories regarding services quality

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  • Page: 122
  • Authors: Delia POPESCU, Andreea MARIN-PANTELESCU
  • Abstract: We could all observe how much has the importance of quality increased in every buyer's life in the case of a product as well as in the case of a service. The term quality comes from the Latin ''qualis'', which means ''of the kind that'' and it has been used as far back as the antiquity by the philosophers of the period, Cicero and Aristotle (Stanciu, 2005). The first standard related to quality control appeared in 1935 and it was called ''Applying the statistical methods to the industrial standardization and to the industrial quality control''. After the Second World War, quality was approached more and more as a managerial function and in 1960 Japan chose the month of November to be the national month of quality, which, in a little while after that, transformed into the month of quality in the world. 1986 is the year in which the first international standard ISO 8402 appeared, standard concerning the terminology in the field of quality. Another important year is 1988 because in the United States of America, the ''Malcom Baldrige'' National Award for Quality was awarded to Motorola for the first time, due to the performances obtained in the field of quality. Nowadays, when the buyers' and society's exigencies are increasingly greater and the competition is much more ruthless, the following can be easily observed: quality has become ''the strategic instrument of any company's global management'' because it is what can maintain its loyal customers and, at the same time, attract new buyers for the products or services offered by any company.
  • Classification-JEL: N01
  • Key words: quality, services, standard, strategy.

Assessment and self-assessment of project manager

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  • Page: 133
  • Authors: Ion VASILESCU
  • Abstract: The activities for projects preparation and progress are run within a hard and hostile environment, requiring the project management to perform an assessment/selfassessment before getting involved in activities specific to investment and production processes. The paper presents a series of criteria that must be taken into account, such as: the health degree and the efficiency, social obligations towards family (parents, children, relatives, etc.), the training degree within business, efficiency within run activities, past incisiveness and initiatives, capacity to plan an action, to lead and make decisions: flexibility degree, accommodation to new situations, perseverance degree and complex approach of the business, capacity to observe the principles of business ethics.
  • Classification-JEL: L83, O22, O32
  • Key words: project manager, ethics, competition, objectives, prices.

Risk and uncertainty in innovational management

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  • Page: 139
  • Authors: Ana COTELNIC
  • Abstract: Firms face a certain major problems in recognizing the potential of an innovation. These barriers can be a real problem for organizations. yet, managers must overcome them to produce the innovation that may prove vital for long - run survival of their firms. Our goal in this article is to explore these uncertainties.
  • Classification-JEL: D81, O31, O32
  • Key words: innovation management, innovation risk, uncertainty.

The role of technological transfer in the societies based on knowledge economy

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  • Page: 145
  • Authors: Daniela HiNCU, Corina FRASINEANU, Ioan FRASINEANU
  • Abstract: The knowledge based economy is an economy based on innovation. Implementing innovation requires acquiring new technology, using the technique of technological transfer. The problems and the timing for implementing an emerging technology are under discussion in this paper.
  • Classification-JEL: O14
  • Key words: knowledge based economy, innovation, technology transfer, emerging technology.

Globalization: an open door for the knowledge economy

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  • Page: 154
  • Authors: Andreea MARIN-PANTELESCU, Gabriela TIGU, Olimpia STATE
  • Abstract: Globalization refers to an emphasized process of global integration and spreading a set of ideas related to the economical activity and goods' production, the premises being the liberalization of international commerce and the capital flows, the speeding up of the technological progress and informational society. The cognitive society is more and more obvious and unanimously accepted, which actually proves its efficiency. If traditional, conservative communities, which are not open to change and reject from the start anything new on the horizon, still exist today, they are isolated cases that will eventually be "converted" by this wave of information that has become indispensable to any development because in its absence resources could not be used efficiently. Taking into consideration these elements, this paper wishes to give arguments to the fact that globalization can be seen as being an open door for the cognitive society.
  • Classification-JEL: A11, A13, D83
  • Key words: globalization, knowledge economy, multinational organizations.

Lean principles applied to software development - avoiding waste

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  • Page: 162
  • Authors: Ionel NAFTANAILA, Paul BRUDARU
  • Abstract: Under the current economic conditions many organizations strive to continue the trend towards adopting better software development processes, in order to take advantage of the numerous benefits that these can offer. Those benefits include quicker return on investment, better software quality, and higher customer satisfaction. To date, however, there is little body of research that can guide organizations in adopting modern software development practices, especially when it comes to Lean thinking and principles. To address this situation, the current paper identifies and structures the main wastes (or muda in Lean terms) in software development as described by Lean principles, in an attempt to bring into researchers' and practitioners' attention Lean Software Development, a modern development methodology based on well-established practices such as Lean Manufacturing or Toyota Production System.
  • Classification-JEL: M15
  • Key words: Lean, software development, agile methodologies.

The GIS and data solution for advanced business analysis

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  • Page: 171
  • Authors: Carmen RADUT
  • Abstract: The GIS Business Analyst is a suite of Geographic Information System (GIS)-enabled tools, wizards, and data that provides business professionals with a complete solution for site evaluation, selective customer profiling, and trade area market analysis. Running simple reports, mapping the results, and performing complex probability models are among the capabilities The GIS Business Analyst offers in one affordable desktop analysis solution. Data and analyses produced by The GIS Business Analyst can be shared across departments, reducing redundant research and marketing efforts, speeding analysis of results, and increasing employee efficiency. The GIS Business Analyst is the first suite of tools for unlocking the intelligence of geography, demographic, consumer lifestyle, and business data. It is a valuable asset for business decision making such as analyzing market share and competition, determining new site expansions or reductions, and targeting new customers. The ability to analyze and visualize the geographic component of business data reveals trends, patterns, and opportunities hidden in tabular data. By combining information, such as sales data of the organization, customer information, and competitor locations, with geographic data, such as demographics, territories, or store locations, the GIS Business Analyst helps the user better understand organization market, organization customers, and organization competition. The business intelligence systems bring geographic information systems, marketing analysis tools, and demographic data products together to offer the user powerful ways to compete in today's business strategies.
  • Classification-JEL: L10, L20, L86
  • Key words: Geographical Informatic Systems, business analysis.

Implications of critical chain methodology for business process flexible automation projects in economic organizations

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  • Page: 181
  • Authors: Paul BRUDARU, Ionel NAFTANAILA
  • Abstract: Business processes flexible automation projects involve the use of methods and technologies from Business Processes Management area (BPM) that aim at increasing the agility of organizations in changing the business processes as response to environmental changes. BPM-type projects are a mix between process improvement projects and software development which implies a high complexity in managing them. The successful implementation of these projects involves overcoming problems inherent as delays in the activities of projects, multi-tasking, lack of focus which can not be solved by traditional project management tools. An approach which takes account of the difficulties of BPM projects is critical chain methodology. Using critical chain method provides the methodology fundament necessary for the successful completion of BPM-type projects.
  • Classification-JEL: M15, L20
  • Key words: critical chain, project management, business process, BPM, process improvement.

Current issues in ITC investments management

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  • Page: 188
  • Authors: Camelia Elena CIOLAC
  • Abstract: The paper aims to provide an overview of the current issues in IT investments management. Topics such as IT investments evaluation, the reflexive relationship between the business context and IT investments are analyzed in detail. Also, the paper analyzes the impact of time over IT investments as well as the causes that lead to IT projects failure. A synthesis is carried out among the arguments regarding the IT Investments Paradox. Different evaluation methods are exposed along with their practical usage. The results are presented both from an economical perspective and from a technical one.
  • Classification-JEL: M15, O33
  • Key words: management, IT investments, metrics, investment decision.

Bankruptcy - the consequence of defective bank management

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  • Page: 205
  • Authors: Imola DRIGA, Dorina NITA
  • Abstract: Bank failure is the result of a defective management in banking leading the bank to a stage of bankruptcy, which means that the insolvent bank is going to be closed by the banking authority. In general, the banking sector is viewed as more vulnerable to contagion than other industries since banks are viewed as more susceptible to failures. Thus, the paper addresses the issue of bank insolvency as an extreme consequence of materialized risks, resulting in a payment disability for the bank. The paper presents the causes and consequences of bankruptcy and analysis the situation of bankruptcies in the Romanian banking system which was confronted with a number of bankruptcies beginning with 1994 and involving several significant financial institutions.
  • Classification-JEL: G21, G14, E58, F34
  • Key words: insolvency risk, bank failures, systemic risk, bank regulation.

Occupational standards. User's perspective of banking sector

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  • Page: 223
  • Authors: Andreea VOINEA, Rodica MOLDOVEANU
  • Abstract: As the banking market is rapidly developing, Banca Comerciala Romana started a project of implementing occupational standard concept. yet the project has successfully developed BCR privatization through BERD and IFC came out with changes that stopped the process of competence assessment and training based on occupational standards. The article presents BCR experience in this area, inclusively lessons learned, that may be used for similar initiatives.
  • Classification-JEL: D83, J24
  • Key words: occupational standard, assessment, competence, education, training.

Recession-An issue for organizations

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  • Page: 232
  • Authors: DanielGEORGESCU
  • Abstract: The reality in all organization is that the directors and board are in the position of highest influence and their primary responsibility is leadership. As such, considering the consequences of a recession such as we currently face is not the time for directors to abdicate their responsibilities - it is time for governance leadership. The directors and the board must think and respond strategically. The article shows a matrix for positioning the general manager in recession that is similarly with BCG matrix and in the final a table with a set of essential questions for helping the board in new strategies building.
  • Classification-JEL: L10, L20, M10
  • Key words: recession, management, strategy, leadership.

The importance planning of public relations in tourist organizations' communication

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  • Page: 239
  • Authors: Maria Carmenl IORDACHE
  • Abstract: Accomplishing efficient communication on tourist markets means efficiently developing and operating a communication system, that is designing and implementing an adequate structure of communication activities. Tourist organizations must have a communication strategy according to communication activities' target, global objectives pursued, communication targets aimed, communication media used and contents of transmitted messages and, last but not least, resources allocated to implement communicational procedures. In order to attract consumers on a highly competitive market, there are several management-marketing instruments of which some are public relations whose role is to create a positive image of a tourist organization and, implicitly, of its products and services.
  • Classification-JEL: L83, M21, M31
  • Key words: communication of tourism, public-relations, planning PR.

Adjusted instruments for evaluating the efficiency of implementing knowledge management systems

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  • Page: 249
  • Authors: Dana Adriana LUPSA-TATARU
  • Abstract: The present paper aims to present the results of a scientific research based on application of DeLone and McLean model, for evaluating the efficiency of implementing a knowledge management system into a Romanian university. The model was made operational according to the suggestions of the author and was adjusted to the realities of the higher education institutions.
  • Classification-JEL: D83, I23, M15
  • Key words: knowledge management, efficiency, DeLone and McLean model.

About performance and evaluation of employee performance

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  • Page: 260
  • Authors: Irinel MARIN
  • Abstract: The goal of this article is the importance of the performance and the performance evaluation in any company. Performance can be viewed as being in close relationship with the effort made by the employee, his ability, charging station or place and role within the organization. Performance refers to the contribution that employees make to the goals of the organization. While the performance evaluation is an activity which determine an organization in which employees perform their duties or their responsibilities. Performance evaluation is required in a company because it represents a process of employee motivation and development.
  • Classification-JEL: M12
  • Key words: performance, performance evaluation, ability of employees, charging station, organization goals, process of employee motivation.

On the strategical policies and decisions in the main fields of the activity enterprise

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  • Page: 273
  • Authors: Florica BADEA,Cosmin DOBRIN
  • Abstract: To obtain the established objectives from the general strategy, the enterprises have to adapt theirs policies and decisions to the real conditions in which they function. The adoption of such a set of tools is not always an easy action, because one always has to take into account the reciprocal influences of a lot of factors from the economical environment of the enterprise. This paper is a review of the main problems of the present enterprises in the adoption process of the strategically policies and decisions in the main fields of their economical activities.
  • Classification-JEL: L15, L16, L25
  • Key words: strategy, policy, decision, capacity, flexibility.

Indicators of healthcare system, an important element of SWOT sistemic analysis in this area

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  • Page: 284
  • Authors: Claudiu CICEA, Cristian BUSU
  • Abstract: The complexity of indicator's system derives from the very complexity of the health concept as defined by the World Health Organization that "Health is that state of good : physical, mental, social and consists not only in the absence of disease or infirmity". The indicators should cover both aspects of financing health services, technical equipment, human resources in healthcare, quality of healthcare services, issues that affect health, but also short and long term effects of work in this area. The paper analyzes the main indicators characterizing the health system in Romania, aimed at identifying potential strengths and its weaknesses. .
  • Classification-JEL: I10, I18, I19
  • Key words: healthcare system, indicators, efficiency, competitiveness.

MAPAMOND

Between continents, between religions, between the wars or about the culture and management in Israel

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  • Page: 5
  • Authors: Amedeo ISTOCESCU
  • Abstract: Situated at the crossroads of three continents (Europe, Asia and Africa), deeply marked by the omnipresence religions book's (Christianity, Judaism, Islamism) and ground by the war (with the Palestinians, with neighbors, with anti-Semitic terrorist organizations, often with everyone), Israel is both strongly in the military, but fragile in terms of social, streaked by rivers and miraculous „seas", but seized by the wilderness and uninhabited areas, with an endless history, but always with blood-strained wounds, with an economy outside of time, but with an efficient management often of foreign origin. Article presents a part of the cultural-historical and economic-social characteristics which strongly influences the economy and management of this small country, but essential to the world the third millennium.
  • Classification-JEL: Z10, Z19
  • Key words: Israel, religions, history, culture, war, tourism, management

MANAGEMENT

Economic effectiveness of activities of vegetable growers' associations in Serbia

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  • Page: 12
  • Authors: Claudiu CICEA, Jonel SUBIÆ, Sanjin IVANOVIÆ
  • Abstract: Taking into account that agriculture is one of the most important parts of economy of Republic of Serbia, it is necessary to pay special attention to its improvement. One of ways to significantly incentive agricultural development is formation of farmers' associations, primarily because Serbian agricultural production is based at small family farms. It is very important to form such associations among vegetable producers, because they are small scale producers and encounter many problems in business operations. Thus, the paper deals with economic effects which are possible to achieve for small farmers by involving in growers' associations. Farmers who are members of associations have an opportunity to sale their products to big retail chains, as well to export vegetables, and get higher price for their products. Along with income improvement, they may reduce production costs and sale costs. Consequently, membership in growers' associations provides higher profit for small family farms. Analysis showed that associations should primarily take care about relation with their customers, because changes of vegetable prices could increase farmers' profit more than costs reduction. To achieve their goals such associations need serious state support, as well as support from various other organizations.
  • Classification-JEL: Q12; Q16; Q17
  • Key words: associations, vegetables, price, costs

Transaction cost analysis in redeveloping indigenous lands in Malaysia

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  • Page: 21
  • Authors: I. OMAR, W. DJURJANI, N. D. PRIJONO
  • Abstract: Land supply constraints restrict the flow of land supply onto the land market for development purposes. It disturbs the effectiveness of the land market. As a result, the underutilized area may become derelict and needs regeneration as part of urban renewal programs. The study begins with discussion on transaction costs within institutional economics analysis. In particular, the review on literature concentrates on the elements of land supply constraints with the purpose to feed the empirical analysis in the case study areas. Empirically, the study investigates sources of land supply constraints in the case study area of MAS Kampong Baru, Kuala Lumpur. Data were gathered using interviews with landowners of undeveloped and developed sites to examine why they had taken effort to develop or simply abandoned their lands undeveloped. Analysis had been undertaken using qualitative techniques on respondents using coding, either direct or indirect quotations. Landowner respondents were taken randomly to represent predetermined zones within the case study areas. Data analysed were presented in the forms of charts, histograms, diagrams and illustrations to ease discussion. One of the main findings is that landowners were unwilling to undertake redevelopment due to land supply constraints as revealed by transaction cost embedded within their status of landownership, attitudes, physical, planning and valuation or market constraints. In the end, the findings enable various interested parties to realize their roles and responsibilities in their future directions to redevelop Kampong Baru in Kuala Lumpur.
  • Classification-JEL: H43, R11, R12, R14
  • Key words: transaction cost, land supply constraints, indigenous land, MAS areas

Improving productivity and welfare among workers of small and household textile and garment units in India

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  • Page: 41
  • Authors: Sanjay RODE
  • Abstract: Global Production System has changed remarkably over the period of time. In order to cope up with the change in the nature and type of production, the small and household garment and textile units are employing the younger and skilled labor force. The workers in these units are employed on the contract, causal and temporary basis. They are not given the different benefits as applicable to the large scale unit workers. Such workers are employed more hours and weekly holidays are not given to them. The small and household units are simply maximizing their interest and profit. Such capitalist nature of productive activities makes the labor worse. They are given less wages and classified as unskilled workers. Workers are not given proper training and security of work by these units. Their access to productive assets and standard of living is low as compare to the large unit's workers. In order to improve the workers conditions, minimum wage should be given to all workers in small and household units. Such units must maintain their annual records of transactions. Small and household units must send their workers for compulsory training. Work place environment, minimum hours of work are required to regulate in these sectors. Immediate steps will have positive impact on workers earning and standard of living. It will help for further productivity enhancement.
  • Classification-JEL: D24, J24, I31, C61
  • Key words: productivity, welfare, social security, working conditions

NGO field workers in Pakistan

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  • Page: 55
  • Authors: Muhammad Haroon SIDDIQUE
  • Abstract: NGOs came into the society in their present form after World War II and more precisely in 1960s. Before that also different forms of philanthropy existed. Like elsewhere in the world, in Pakistan also state and the market were the two sectors catering for different needs of the people. When foreign funding started coming into the poor countries, the channel of NGOs was considered more appropriate including the fact they had roots in the society and the benefit could reach the far flung areas. NGO field workers are the real actors in the NGOs' activities but sadly the NGOs those raise the slogans of working for the destitute do not bother to facilitate the NGO field workers. Eventually the NGO field workers are facing problems of job insecurity, poor salary structure, unhealthy working environment and even harassment especially in case of women NGO field workers in Pakistan.
  • Classification-JEL: L31, J31, J81
  • Key words: Non-Governmental Organizations (NGOs), NGO field workers, wage level and structure, working conditions

Career in the bank for collection in times of financial crisis

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  • Page: 79
  • Authors: Ioana Florentina BUDU
  • Abstract: Staffing a collection call centre, in a period of crisis, requires more than hiring the most qualified applicants. Collection managers must define a recruiting, hiring and staffing plan to meet inbound call service levels and maximize outbound calling during optimal customer contact times, usually on nights and weekends. Job candidates who have prior telephone job experience, especially in telemarketing or customer service, have proven to be successful collectors because of their skill sets and experience. Screening collectors through testing has proven to be a reliable tool to assist managers in the selection process. Staffing the call centre operation with the right balance between full time and part time collectors will assist in meeting department targets. There are many creative ways to schedule collectors to cover all the required hours. Management must be prepared to offset ‘irregular' staffing hours, especially on nights and weekends, with incentive, perks and benefits so they can recruit and retain a reliable staff to place outbound calls during the best times to reach the customer. A consistent hiring policy that is constantly evaluated and improved will help reduce turnover by recruiting and staffing the most qualified collectors for the job
  • Classification-JEL: G21, G33, G34
  • Key words: finance, crisis, management, career, bank

Measuring efficiency of a hierarchical organisation with fuzzy DEA method

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  • Page: 87
  • Authors: Florica LUBAN
  • Abstract: The paper analyses how the data envelopment analysis (DEA) and fuzzy set theory can be used to measure and evaluate the efficiency of a hierarchical system with n decision making units and a coordinating unit. It is presented a model for determining the of activity levels of decision making units so as to achieve both fuzzy objectives of achieving global target levels of coordination unit on the inputs and outputs and individual target levels of decision making units, and then some methods to resolve fuzzy models are proposed.
  • Classification-JEL: C61, C65, D61, L25
  • Key words: fuzzy DEA, policy making in multi-level organisations, efficiency analysis

Factors for a successful sales force during the corporate life cycle

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  • Page: 98
  • Authors: Adrian Gelu LUPU, Felicia Adriana LUPU
  • Abstract: The organisations, like all living organisms, have a lifecycle and undergo very predictable and repetitive patterns of behaviour as they grow and develop. Although companies devote considerable time and money to managing their sales forces, few focus much on how the sale forces needs to change over the life cycle of an organisation. In this article, the authors explain how, at each stage, company can best tackle the relevant issues and get the most out of their sales forces, how to develop the best sales force structures for each of the four stages of the business life cycle. Specifically, companies must alter four factors over time: the roles that the sales force and selling partners play, the size of the sales force, the sales force's degree of specialization, and how salespeople apportion their efforts among different customers, products and activities.
  • Classification-JEL: D30, M10, M19
  • Key words: corporate lifecycle, sales, sales force, efficiency

Using marketing in Romanian libraries. Study case: The Romanian National Library

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  • Page: 111
  • Authors: Ruxandra Irina POPESCU
  • Abstract: Nowadays, marketing has become a central part of libraries' interest worldwide. Their motivation is varied: the missions of organizations have lost compatibility with market demand, budgets are low, while their units require more funds, the increase in the competition for funding, the harsh competition between service suppliers, etc. Furthermore, the Western world understood the necessity of library marketing for reasons like: the support offered in library management, the focus on consumers, the capacity of attracting consumers to use libraries, the improvement of the organization's image. Despite all that, most Romanian libraries do not understand the part played by marketing in the library or in the information service, as well as its usefulness in day-to-day activities. The purpose of this essay is to present the importance of marketing in the National Romanian Library's activity.
  • Classification-JEL: M31
  • Key words: library marketing, libraries mix marketing, product, distribution, price, promotion

Virtual corporations, enterprise and organisation

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  • Page: 121
  • Authors: Carmen RÃDUT
  • Abstract: Virtual organisation is a strategic paradigm that is centred on the use of information and ICT to create value. Virtual organisation is presented as a metamanagement strategy that has application in all value oriented organisations. Within the concept of Virtual organisation, the business model is an ICT based construct that bridges and integrates enterprise strategic and operational concerns. Firms try to ameliorate the impacts of risk and product complexity by forming alliances and partnerships with others to spread the risk of new products and new ventures and to increase organisational competence. The result is a networked virtual organization.
  • Classification-JEL: L10, L20, L86
  • Key words: virtual corporations, virtual enterprise, virtual organisation

Solutions for decision support in university management

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  • Page: 136
  • Authors: Andrei STANCIU, Mihai FLORIN, Cristina RÃDULESCU, Ofelia ALECA
  • Abstract: The paper proposes an overview of decision support systems in order to define the role of a system to assist decision in university management. The authors present new technologies and the basic concepts of multidimensional data analysis using models of business processes within the universities. Based on information provided by scientific literature and on the authors' experience, the study aims to define selection criteria in choosing a development environment for designing a support system dedicated to university management. The contributions consist in designing a data warehouse model and models of OLAP analysis to assist decision in university management.
  • Classification-JEL: M15
  • Key words: university management, decision support, multidimensional analysis,data warehouse, OLAP

The promotion of renewable energy sources: European experiences and steps forward

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  • Page: 152
  • Authors: Andreea ZAMFIR
  • Abstract: This study investigates the instruments used by governments in order to support renewable energy sources in the European Union. The findings of this study reveal that policy goals could be achieved by using a large variety of instruments and renewable energies could be better promoted if policy instruments are harmonized. The study was carried out by combining a wide variety of sources, such as strategies, reports, regulations, and European experiences in promoting renewable energy sources. The methodology and the results reported in this research may be used for designing new, harmonized policy instruments to support renewable energy sources in the European Union.
  • Classification-JEL: Q42, Q48, Q56, Q58
  • Key words: renewable energy sources, environmental protection, policy instruments, supporting schemes, harmonization

Contributions on the Lean Management in the current evolution of a company

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  • Page: 168
  • Authors: Florica BADEA, Eugen BURDUS
  • Abstract: If so far, the production of scale had its established methods, we now are present to diversification of the production and to the decreasing of the series of the manufacturing. It implies the using of such methods which allow to get a high efficiency. In this case, we consider that the Lean management method is a successful one, with remarkable results in the field of the production organization. The basis principle consists in the decreasing of the costs of those activities which do not add value to the manufactured products. To answer the demands of this principle, the enterprise will adopt a strategy of elimination of the waste by the diminution of the defaults, of the equipment interruptions, of the stocks of completed product etc.
  • Classification-JEL: L15, L16, L25
  • Key words: Lean-management, the diversification of the production, the diminution of the stocks, the diminution of the defaults

Comparable investment capital

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  • Page: 180
  • Authors: Mihai BOTEZATU
  • Abstract: Market economy is characterized at a time, among others, by the existence of two partners, so that one has some money, a certain amount of capital, and one needs money. The first has money and wants to capitalize on them as possible, and the second wants to enter into possession of a capital base which is to put up a new business or develop an existing. We can say that in this context we are facing a certain demand and a supply of capital. Meeting supply and demand of the said capital shall be carried out in an organized framework, namely the capital market. Investors as owners of capital seeking to invest capital so advantageous that they must choose from several investment on the one that best suits his or her interests. In the choice between several investment options investor must thoroughly know the subject of its investment capital, form of revenue will occur when they occur, what time is immobilized the capital and the risks of its investment capital.
  • Classification-JEL: G11, G12, G24
  • Key words: shares, bonds, investment capital, options, subscription rights, dividend, interest

Social aspects of the population's health level and influence factors

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  • Page: 193
  • Authors: Claudiu CICEA, Gheorghe ALEXANDRU
  • Abstract: Sociological reflection on medicine and health is based, on the one hand, on the multidimensional reality of the „health" phenomenon and on the other hand, on the old sense of sociology which is, according to its founders, a science of welfare and human freedom. In this respect, the problems posed by the collective management of life and death, of suffering and health, have entered into sociological thoughts even before the medical sociology. In the present paper the authors examine issues related to significant social perspectives on health and disease and the factors that influence health degree.
  • Classification-JEL: I12; I18
  • Key words: society, health, sanitation, risk factors, epidemiology, biological factors, demographic factors, health factors, ecological factors, environmental factors.

The e-health concept

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  • Page: 204
  • Authors: Sofia Elena COLESCA, Liliana DOBRICA
  • Abstract: The aim of this article is to present fundamental aspects of the concept of e-health. The article presents some e-health approaches covered in the international literature, and some examples of good practice which were developed over the years.
  • Classification-JEL: L86, I11, D83
  • Key words: information technologies, management, e-health

Ozone layer protection, major objective of the world

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  • Page: 216
  • Authors: Georgeta CUCULEANU
  • Abstract: In the paper, considerations on the destruction process of the stratospheric ozone by substances emitted by anthropogenic pollution sources and which reach in the stratosphere by transport from the troposphere are presented. In the stratosphere, the lifetime of these substances is less than in the troposphere. This time was calculated for the main substances which destroy ozone layer. In the same time are analysed the factors determining the natural variation of stratospheric ozone concentration
  • Classification-JEL: O33, Q51, Q53
  • Key words: ozone layer, ultraviolet, stratosphere, Antarctic , stratospheric clouds, photolysis, lifetime

The analysis of the specific situation of Romania in the public policy making, implementation, monitorization and evaluation process at central level

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  • Page: 224
  • Authors: George MOLDOVEANU, Mihaela PÃCESILA
  • Abstract: In this paper we analyzed the public policy planning and making process at central level in Romania. In recent years, significant progresses concerning this process which is coordinated by the General Secretariat of the Government were made. These regarded the consolidation of government's capacity to better follow up its politic priorities and to provide a more efficient environment for regulation elaboration. As a result of this analysis, we found that the improvement of public policy making process at central level represents at present a necessity for Romania. In the end of this article we proposed a few measures for improving the public policy making, implementation, monitorization and evaluation process.
  • Classification-JEL: J18, J38, J58, J88
  • Key words: public policy making process, planning, normative framework, political dialog and consultation

Performance evaluation of didactic personnel from higher economics education

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  • Page: 242
  • Authors: Ioan URSACHI
  • Abstract: This paper refers only to the performance in didactic process, that is, in the activities of didactic personnel with the students. The study is based on the author's experience in some programs conducted within the Bucharest University of Economic Studies.
  • Classification-JEL: I21; I23; M12; O15
  • Key words: performance evaluation, didactic performance, evaluation questionnaire, higher economics education

New elastoplastic materials with performance properties

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  • Page: 250
  • Authors: Sanda VISAN, Virginia CIOBOTARU, Florica IONESCU, Anca ANGELESCU
  • Abstract: The fabrication of high performance materials using EPDM rubber and polyethylene mixtures with a low cost, nonpolluting and minimum investment technology is studied. These new materials can be used for obtaining a lot of goods for the economy, sport and private life.
  • Classification-JEL: O31, Q50
  • Key words: performance materials, advanced materials, synthetic rubber, plastic materials

Risk management in the entrepreneurship in Romania in the context of the economic crisis

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  • Page: 259
  • Authors: Felicia Adriana LUPU
  • Abstract: The future of business depends, in a determinant way, on the manner in which the companies have the risk under control. In businesses, risk management entails organized activity to manage uncertainty and threats and involves people following procedures and using tools in order to ensure conformance with risk-management policies. In practice, balancing between risks with a high probability of occurrence but lower loss versus a risk with high loss but lower probability of occurrence can often be very difficult. Risk management also faces difficulties allocating resources. Resources spent on risk management could have been spent on more profitable activities. Again, ideal risk management minimizes spending while maximizing the reduction of the negative effects of risks. This paper presents the possibilities and the limits of the risk management implementation in the entrepreneurship in Romania in the context of the economic crisis, starting from the concept
  • Classification-JEL: M10, M19
  • Key words: risk management, decision, entrepreneurship, economic crisis

Pro-active environmental strategies - main source of competitive advantage within economic organizations

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  • Page: 271
  • Authors: Oana-Catalina TÃPURICA, Florin TACHE
  • Abstract: Nowadays, contemporary organizations within Romanian economic environment are striving to reach the environmental and quality performance standards set up by the European Union, concerning the environmental protection and preservation. Under these circumstances, the organizations are highly recommended, especially those operating in high environmental impact economic sectors, to develop and implement proactive environmental strategies, as a main source to achieve a sustainable competitive advantage on the market. Developing such strategic instruments is more and more important as long as the reactive environmental strategies tend to become counter-performing within a challenging, dynamic and equilibrated competitive environment, which better describes the knowledge-based society.
  • Classification-JEL: Q59
  • Key words: competitive advantage, environment legislation, environmental protection and preservation, environmental strategy, proactive strategy

Main factors influencing the production of biofuels in Romania

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  • Page: 282
  • Authors: Alin Paul OLTEANU
  • Abstract: Despite the considerable progress achieved by Romania in regenerative energies, especially for the hydro energy, the energy production from biomass still has a great unused potential compared with other EU countries. The interest for biomass has increased over the last years in the EU also in the context of biofuels for the transport sector and has lead to a series of strategic choices to increase their use in the economy. Biofuel production in Romania is at a low level compared with other more developed countries like Germany or France. Thus, outlining the country profile of Romania from the perspective of a national production of biofuels becomes imperative for the integration in the EU market and the development of a new industrial branch, with high growth rates and a positive impact on other economic branches (e.g. agriculture). The present study aims at laying the foundation for a strategic analysis of the biofuels production in Romania. In this regard different factors with a direct impact on the sustainable biofuels production were identified and analyzed. For the purpose of this study information from various reports, issued by both governmental and non-governmental bodies from Romania and internationally, were used.
  • Classification-JEL: Q42, Q57
  • Key words: biomass, biofuels, biodiesel, oilseeds, rapeseed

VARIA

From the historian of organisation of tourism in Romania

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  • Page: 297
  • Authors: Raisa RADU
  • Abstract: The article shows the conception (regarding the organisation and future of tourism in Romania) of Valeriu Puscariu, one of the authors of the Encyclopedia of Romania (1938). Comparing the state of tourism in Romania, in the early 20th century, with the state of tourism in developed countries, V. Puscariu was sure that this field of activity would have a great role in economy and social life, during the following decades.
  • Classification-JEL: B31, L83, y30
  • Key words: tourism history in Romania, Valeriu Puscariu

MAPAMOND

Adobe, gold, oil, tourists or (again) about culture and Management in South America

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  • Page: 5
  • Authors: Lecturer Amedeo ISTOCESCU, Ph.D
  • Abstract: The paper presents economical, social and tourism aspects perceived directly by the author while his visit in the Ecuador, Peru and Bolivia
  • Classification-JEL: Z10, Z19
  • Key words: Culture; Nature; People; Places; Events; History.

MANAGEMENT

The effects of urban concentration on environment

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  • Page: 12
  • Authors: Reader Cristina ALPOPI, Ph.D
  • Abstract: The deterioration of the environment is caused by the existence of large urban agglomeration whose main problem is that these are areas where are converging progressive forces which ensure the development of the society on the one hand, as well phenomenon which emphasizes the degradation of the human civilization and the environment, on the other hand, in this way being generated the phenomenon of hypertrophy of the cities.
  • Classification-JEL: O13, O18, Q51, Q56
  • Key words: Urban planning; Environment; Pollutant; Environmental protection; Urban areas

Training entrepreneurial culture in enterprises of the Republic of Moldova

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  • Page: 21
  • Authors: Professor Ala COTELNIC, Ph.D.
  • Abstract: This article addresses the problems related to the formation of organizational culture in the Republic of Moldova. There are reviewed the results of research carried out in the business of producing and conclusions that are made. It highlighted the role of human resources training in organizational culture. The paper highlights the preconditions for the creation of an entrepreneurial culture.
  • Classification-JEL: L26, M14, M53
  • Key words: Organization culture; Training; Entrepreneurial culture

Commemoration of Montreal Protocol

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  • Page: 30
  • Authors: Professor Georgeta CUCULEANU, Ph.D.
  • Abstract: The paper presents the main provisions of the Convention from Vienna for the Protection of the Ozone Layer, the 1987 Montreal Protocol on Substances that deplete the Ozone Layer and its Amendments. The restricting and banning programmes of these substances, some consequences on the environment of the absence of the Protocol and some alternative substances are also presented.
  • Classification-JEL: Q42, Q57
  • Key words: Montreal protocol; Depleting of Ozone Layer; Alternative technologies.

Performance measurement of hedge funds managers

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  • Page: 38
  • Authors: Professor Cristian TIU, Ph.D., Reader Cosmin DOBRIN, Ph.D., Reader Ion POPA, Ph.D., Professor Constantin BaGU, Ph.D.
  • Abstract: This article summarizes criteria used to identify investment talent in (especially hedge fund) managers and stresses the importance of identifying criteria that are not primarily soft but whose validity can be back tested.
  • Classification-JEL: J24, G11, G24
  • Key words: Performance; Determinants of performance; Hedge funds

Investments in Romania before and after the E.U. accession

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  • Page: 49
  • Authors: Ph.D. Candidate Cosmin Marius GRIGORE, Ph.D. Candidate Dan SAFTA
  • Abstract: The investments are still an important factor for economic and social development through their implications, structure and quality. An analysis of the investments role in our country can be achieved only by having in view both Retrospective and the prospective context. The present paper analyses economic efficiency of investments as well as the role of investments in economy, as an economic growth factor. Overall, this paper has implications for research examining the investment efficiency and the economic consequences on our country between 2000 and 2008, namely before and after Romania accession to E.U.
  • Classification-JEL: E22, F21, G11, O11
  • Key words: Investments; Efficiency; Economic growth

The life cycle phases of a small or medium enterprise

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  • Page: 59
  • Authors: Lecturer Amedeo ISTOCESCU, Ph.D.
  • Abstract: The paper presents on the beginning the main general criteria and also the main specific criteria used for an appropriate understanding of small or medium sized organizations' life cycle. After that, we develop with a lot of important details the eight phases of the small or medium sized organizations' life cycle.
  • Classification-JEL: L25, L26, M10
  • Key words: Small or medium sized organizations' life cycle; the documentation phase; the starting point; the development of the business; the strengthening phase; the enlargement of the business; the ''top'' of the business (maturity); the declining of the business; the business withdrawal.

The convergence between knowledge management and e-learning concepts

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  • Page: 81
  • Authors: Lecturer Dana Adriana LUPªA-TÃTARU, Ph.D. Candidate, Ph.D. Candidate Adelina CHIÞU
  • Abstract: The paper is centered on presenting the two main points of view regarding the two concepts analyzed, considering the novelty of the knowledge management domain and the essential role that the universities are playing within knowledge-based economy and knowledge-based society. The conclusion of the paper is that between knowledge management and e-learning there is a strong bound, based on the contribution of applications/e-learning platforms to the development of knowledge management processes, mainly: capturing tacit knowledge of teaching staff, sharing knowledge and creating new knowledge.
  • Classification-JEL: D83, L86, O33
  • Key words: Knowledge management; E-learning; University

Professional competence and leadership within organizations

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  • Page: 88
  • Authors: Reader Marian NASTASE, Ph.D.
  • Abstract: A person's credibility within an organization, for a leader especially, can't be separated by his professional competence. This is more important if we pay attention to his position within the hierarchy, what means that he can influence to a large extent the use of existing resources, with direct and propagated effects over the organization's performances. The trust in leaders doesn't come only from the verbal messages that they convey, but it has been building in time and requires a sustainable effort from their part. The results that leaders obtain in time, their attitudes and behaviors in different situations are elements that are closed monitorized and assessed by the organization's personnel.
  • Classification-JEL: L25, M12, M14
  • Key words: Professional competence; Leaders; Organizational culture; Credibility; Performance.

Managing rural finance for growth and poverty alleviation in Moldova - towards an efficient European integration

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  • Page: 95
  • Authors: Reader Alexandru STRATAN, Ph.D.
  • Abstract: At present, though, Moldova's leadership puts the question more actively - it declares that European integration is an external policy priority of the country. The Government has finally prepared the Concept for European Integration, which emphasizes that ''on the internal level the actions of the Republic of Moldova will be mostly oriented towards meeting the Copenhagen criteria''. And further on: ''a progressive economic development of the Republic of Moldova represents the basis for the improvement of economic environment and consolidation of the relations with the EU. Promotion of structural economic reforms is a way to modernize the Republic of Moldova, to lessen and gradually eliminate gaps between developed European states and to create a functional and transparent market economy compatible with the EU principles, norms, mechanisms, institutions and policies''.
  • Classification-JEL: I32, O18, R51
  • Key words: Concept of European integration; Managing rural finance; Poverty alleviation; Structural economic reforms.

VARIA

Anton Pann and the music for the national anthem of Romania

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  • Page: 105
  • Authors: Professor Raisa RADU, Ph.D
  • Abstract: In the paper it is shown that on July 29th, 1848, at Ramnicu Valcea, was organized a festival, for which, Anton Pann, as a local important person and as a teacher of music, composed the music for the ''A Great Sound'' poem by Andrei Muresanu. That song, known now as ''Awake, Romanian!'' is the national anthem of Romania, ''bringing the enthusiasm for the country in the hearts of every citizen'', as the representative of the provisional government, D. Zaganescu wrote in his report.
  • Classification-JEL: B31, Z11
  • Key words: Anton Pann; Folklore; 1848 Revolution; National anthem; National hymn.

MAPAMOND

One True Face of Flemings or about Culture and Management in Belgium Kingdom

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  • Page: 5
  • Authors: Lecturer Amedeo ISTOCESCU, Ph.D
  • Abstract: The paper presents travel impressions in Belgium.
  • Classification-JEL: Z10
  • Key words: Culture; History; Economic aspects from Belgium

MANAGEMENT

The Specific Features of the Management's Functions within the Healthcare Services

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  • Page: 10
  • Authors: Reader Claudiu CICEA, Ph.D
  • Abstract: The merit for the definition of the management's functions belongs to Henry Fayol. Afterwards, many experts applied and detailed these functions on different research areas. In this paper we will present the modality in which the management's functions are integrated within the healthcare services.
  • Classification-JEL: I10,
  • Key words: Healthcare; Management's function.

Transforming Healthcare Quality through Information Technology

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  • Page: 21
  • Authors: Professor Sofia Elena COLESCA, Ph.D., Professor Kristina ZGODAVOVA, Ph.D
  • Abstract: Information and information exchange are crucial to the delivery of care on all levels of the health care delivery system—the patient, the care team, the health care organization, and the encompassing political-economic environment. To diagnose and treat individual patients effectively, individual care providers and care teams must have access to at least three major types of clinical information—the patient's health record, the rapidly changing medical-evidence base, and provider orders guiding the process of patient care. In this frame, Information Technology can help healthcare organizations improve the quality of care that they provide, improve patient safety, improve cost-effectiveness, accelerate the translation of research findings into practice, improve care for the medically underserved, increase consumer involvement, improve accuracy and privacy, and increase their ability to monitor health nationally. Consequently, in the present article are presented some implementations of Information and Communication Technologies in the Health Care field.
  • Classification-JEL: I10, L15, M15
  • Key words: Healthcare; Quality; Information and Communication Technologies

The Analysis of the Industry Competitively in Romania in the Economic Globalisation Context

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  • Page: 40
  • Authors: Lecturer Rãzvan Cãtãlin DOBREA, Ph.D., Andreea Nicoleta ªTEFÃNESCU
  • Abstract: The competition growth constitutes, at the organizations level, one of the major preoccupations for the present context of the social-economic changes. The effects of the globalisation process have been also noticed at tourism industry level, fact which had generated a series of changes both in production area and even more in the tourism services consume area. The analysis of the competition of this sector has moved from the sphere of some individual criterions, orientated on economic aspects, to the sphere of complex assessments with deep implications for all the involved factors. The present working presents a series of aspects regarding the tourism industry competition from Romania, from the perspective of some assessments and classifications realized by the organizations in the domain at the world plan.
  • Classification-JEL: L11, L83
  • Key words: Tourism industry; Economic competition; Assessment criterions.

The Influence of the Flexibility over the Diversity and Organizational Change

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  • Page: 55
  • Authors: Reader Cosmin DOBRIN, Ph.D.
  • Abstract: The flexibility concept within the company may be better understand if we will analyse the connection with other concepts. In this paper we will try to present the influence of the flexibility over the diversity and change.
  • Classification-JEL: L15, L23, L25, M11
  • Key words: Organization of production; Flexibility, Diversification

Diagnostic Analysis of Professional Vocation Education of Romania

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  • Page: 65
  • Authors: Ph.D. Candidate Rodica DRÃGHICIU
  • Abstract: The education represents a priority to all the governments from the European countries, even though the structure of the educational system differs from one country to another. Taking this in consideration, the importance of the educational and formation systems must be reconsidered, in order for them to adapt to the always changing needs of the society and of the citizens: providing the specific aptitudes and competences required for the knowledge society, the necessary quality of the educational and formative systems, sustaining the principles of equity and inclusion and the European dimension in education and formation. The diagnostic analysis of the vocational professional education of Romania should have, as a starting point, the underlining of the positive (hard points) and dysfunctional aspects (weak points), so as to globally formulate strategies and intervention methods that should improve its performances, taking in consideration the disturbing factors from the specific environment of the educational activity, because the efficacy of the vocational-professional education and the evaluation of the quality of professional formation offer should have as a target the developing of transparency and system quality, also to raise the mobility on the working market.
  • Classification-JEL: I21, D83
  • Key words: Vocation education; Analysis of education

Comparative Analyse: Small and Middle Enterprises versus Large Organizations in Romania in the Knowledge Based Society (part II)

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  • Page: 90
  • Authors: Lecturer Amedeo ISTOCESCU, Ph.D.
  • Abstract: The paper presents some of the most important peculiarities of the entrpreneurship in Romania in the context of the knowledge based society. We develop the advantages and disadvantages of the modern Romanian SME's sector and the main characteristics of nowadays knowledge revolution. At the end we show a few opportunities of the future of Romanian entrepreneurial sector. We try to compare the Romanian small and medium sized enterprises with the big firms in order to observe some similarities and some differences in the era of knowledge society.
  • Classification-JEL: L21, L26
  • Key words: Small and middle enterprises; Etrepreneurship

Leadership in Socioeconomic Context

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  • Page: 129
  • Authors: Reader Corina Frãsineanu, Ph.D.
  • Abstract: In the paper it is shown that in the current social and economic context, many people try to understand - and many are writing about - the concept and practices of leadership. There are a lot of arguments in favor of the popularity of this subject, including the fact that the organizations face a lot of sky-rocketing changes. The concept of leadership is relevant for any aspect referring to the assurance of the organization efficiency and in the attempts to cope with or adapt to changes. Leadership is both an art and a science. The area of the leadership styles is as wide as the painting or music styles. Some say that leadership is an innate ability; others, on the contrary, think that one may learn, develop and apply these abilities in the context of intense professional motivation. This ability may be learned and developed. Any individual who involves together with his/her team to create a vision, motivation and impetus will be seen as a leader
  • Classification-JEL: M12, M14,
  • Key words: Personnel management; leadership

Strategically Analysis of Concurrencies

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  • Page: 146
  • Authors: Reader Ion POPA, Ph.D.
  • Abstract: The survival and the development of the company in the market economy depends, in a significant way, both on the capacity of reaction to the change and on the nature of the relations with the environment, in general, and with the competitors, in particular. One instrument to deepen the analysis of a company, in which there are many competitor groups, each group having a distinguished place on the market and having a specific image in the buyers' minds, is the one suggested by Michael Porter for ''map making'' the strategic groups.
  • Classification-JEL: L22, L25
  • Key words: Firm strategy; Firm performance; Business objectives

VARIA

The Diary of a Merchant

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  • Page: 154
  • Authors: Professor Raisa RADU, Ph.D
  • Abstract: The paper presents aspects from Stancu Becheanu life as a Romanian business man.
  • Classification-JEL: Z11
  • Key words: Cultural economics

MAPAMOND

Traveling ''Step by Step'' in Eesti, Latvia and Lietuva or about Culture and Management in Baltic States

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  • Page: 5
  • Authors: Lect. univ. dr. Amedeo ISTOCESCU
  • Abstract: The paper present travel impressions in Baltic States
  • Classification-JEL: Z10, Z19
  • Key words: Cultural economics; Reference culture points in Baltic States.

MANAGEMENT

Education and Professional Training in the Field of Risk Management

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  • Page: 12
  • Authors: Conf. dr. Nadia Carmen CIOCOIU , Masterand Daniel NEICU
  • Abstract: The lasts years has seen an explosion of interest in risk management throughout business, the public sector, and society generally. Textbooks, articles, pamphlets, and other publications on risk management subjects are constantly appearing and the number are beginning to grow significantly throughout the entire world. Meanwhile, the education in the field of risk management has become an international subject. Risk management education is shaped by many variables, including the needs and preferences of consumers of business education; the knowledge, abilities, and skills employers expect graduates to possess; the offer available to those interested in pursuing management degrees and the resources business schools need to serve their customers. These are among the variables that make up the context for risk management education, which is very different today than it was even as recently as the mid-1990s. The marketplace for business schools today is characterized by major change. Increasing competition and globalization of the business education market are among the root causes of the instability and industry wide leadership is needed to sustain business schools in order to respond to emerging priorities and challenges. The article provides an overview of the major items regarding the risk management education and argues the need for a good education in risk management field. The article suggests what business school leaders can do to meet the challenges facing risk management education and presents the conditions of training and knowledge gathering for risk management.
  • Classification-JEL: D81, G32, I21, M53
  • Key words: Risk management; Integrated approach; Formal organisation; Education: Professional training.

The Main Factors in on-line Trust

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  • Page: 27
  • Authors: Prof. dr. Sofia Elena COLESCA
  • Abstract: Generally said, trust is an important factor in many social interactions. Because on-line transactions are characterized by uncertainty and anonymity, trust and risk are essential elements in e-commerce and e-government services. There is a statistically significant relationship between trust and use of e-commerce and e-government websites. So, use of Internet for product acquisition, bill and taxes payments has many risky components. In this context, this article presents the concept of on-line trust.
  • Classification-JEL: L81, L86, M15
  • Key words: Trust, Internet, e-commerce, e-government

Flexible Automation Versus the Evolution of the Organizations

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  • Page: 38
  • Authors: Conf. univ. dr. Cosmin DOBRIN, Conf. univ. dr. Ion POPA
  • Abstract: Industrial enterprises have to face to more and greater national and international competition and this generates a continuous pressure over them. This desideratum has to be approached with some sufficient distinct means from which the automation is only one moreover possibility. So in this paper we try to answer the question: What is the relation between the flexible automation and the evolution of the organizations?
  • Classification-JEL: L15, L16, L64, M11, O32
  • Key words: Industrial enterprises; International competition; Flexible automation.

Comparative Analyse: Small and Middle Enterprises Versus Large Organizations in Romania in the Knowledge Based Society (part I)

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  • Page: 47
  • Authors: Lect. univ. dr. Amedeo ISTOCESCU
  • Abstract: The paper presents some of the most important peculiarities of the entrepreneurship in Romania in the context of the knowledge based society. We develop the advantages and disadvantages of the modern Romanian SME's sector and the main characteristics of nowadays knowledge revolution. At the end we show a few opportunities of the future of Romanian entrepreneurial sector. We try to compare the Romanian small and medium sized enterprises with the big firms in order to observe some similarities and some differences in the era of knowledge society.
  • Classification-JEL: D83, L25, L26
  • Key words: Knowledge based society; Entrepreneurship; Small and medium sized enterprises.

The Production and Consumption of Bio Fuels as the Energy of the Future

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  • Page: 57
  • Authors: Drd. Alin Paul OLTEANU
  • Abstract: Ensuring the good functioning of the world economy, the rising trends of oil prices, as well as the strong awareness of environment protection issues, have brought the sustained promotion of alternative energy sources. Bio fuels, as possible substitutes for gasoline and diesel, have acquired a greater importance both in the scientific and the politic environments. A thorough analysis of the current global situation, of the production process from an economical perspective, of the main advantages deriving from the mass utilization of bio fuels, as well as of the main governmental policies, is, considering the EU membership of Romania and the instability of oil markets, necessary.
  • Classification-JEL: L71, O13, Q42, Q43, Q57
  • Key words: Bio fuels; Investments in Bio Diesel; Bio Diesel Consumption; Market Share; Alternative Fuels; Cost of Production; Greenhouse Gas; Environment; Biothanol.

Group Management

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  • Page: 69
  • Authors: Ec. Irina RADU
  • Abstract: Working (organizational) group contains one or more individuals that interact regularly in order to achieve a common objective. The organisational group behaviour can react to some factors: using some power categories, using some efficient communication systems, developing the group creativity (by using methods like brainstorming, brainwriting, Delphi technique, writing down in time of the sleep technique, Philips 66 Reunion etc.).
  • Classification-JEL: D23, D70, D83, J24, J28, M12
  • Key words: Organizational behavior; Communication systems; Workig group.

Communication in Organizational Groups

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  • Page: 82
  • Authors: Ec. Monica RADU
  • Abstract: Organizational group can be defined as some persons between who exist interactive connections (functional, communication, affective, normative type). Classification of these groups can reflect the dimension, type of relationship or type of rules included. Organizational groups and their influence over the individual efficiency and the efficiency of the entire group are interconnected. Spontaneous roles in these groups sustain the structure of the relationship, and the personality of each individual is formed by the roles played inside the group.
  • Classification-JEL: D23, D83, J24, J28
  • Key words: Communication; Organizational behavior; Labor productivity.

Urban Simulation Models for the Future City Evolution

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  • Page: 98
  • Authors: Prep. univ. drd. Georgiana Ionela ŞTEFAN
  • Abstract: Urban systems are becoming increasingly complex as urban economies, social and political structures and norms, infrastructure systems and technologies evolve. Therefore, the development of operational urban simulation models is required in order to achieve an improvement of the quality of decisions regarding urban policies as well as sustainable urban development.
  • Classification-JEL: C15, E17, O10, Q01
  • Key words: Urban simulation models; Sustainable urban development

Possibilities of Using Knowledge Bases in the Waste Management Area

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  • Page: 113
  • Authors: Drd. Valentina Elena TaRŢIU
  • Abstract: In the present article there are going to be exposed some aspects about waste management area in Romania, such as: actual stage, investments priorities on waste categories, development of waste management systems using knowledge bases, the benefits of using knowledge based expert systems in the area of waste.
  • Classification-JEL: Q53, D83
  • Key words: Waste management; Knowledge base; Knowledge based expert system

National Identity and Intercultural Outlook: a Critical Review of Hong Kong's Civic Education Since the 1980's

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  • Page: 129
  • Authors: Assistant Professor yuen Wai Wa, TIMOTHy
  • Abstract: This paper argues that in the new landscape of a postmodernist world, civic education would need to nurture national identity and promote intercultural outlook hand in hand. This article reviews development of Hong Kong's civic education development in this light. In the case of post-colonial Hong Kong, a sensible balance is most needed as the city is to continue as an international city that functions as one of China's windows to the world.
  • Classification-JEL: H52, H75, I21, N80
  • Key words: Civic education; National identity; Intercultural outlook.

Modern Approaches of the Banking Services in Knowledge Based Economy

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  • Page: 146
  • Authors: Lect. univ. dr. Andreea ZAMFIR
  • Abstract: Nowadays, the unprecedented development of the information and communication technologies generates profound and irreversible changes of the entire society. Because of its specific characteristic features, the banking services' field is one of the most dynamic sectors in the economy. Therefore, the paper presents some issues regarding the development of the electronic banking services and the importance of the creativity and innovation of banking services. The success factors in banking services are also presented and there are identified the strategic alternatives of the banking services management.
  • Classification-JEL: G21, L86
  • Key words: Banking services; Information and communication technology; Innovation; Strategy; Development.

VARIA

Dimitrie Gusti and National Museum of Village

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  • Page: 159
  • Authors: Prof. univ. dr. Raisa RADU
  • Abstract: The paper presents the scientific works of the Romanian researcher Dimitrie Gusti in the sociology and his contribution to the development of Romanian Museum of Village.
  • Classification-JEL: B31; Z10, Z13
  • Key words: Dimitrie Gusti; Cultural economics, Economics sociology; Culture of villages.

FACULTATEA MANAGEMENT - PREZENT SI PERSPECTIVE

Editorial - After Ten years

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  • Page: 5
  • Authors: Lect. univ. dr. Amedeo ISTOCESCU

MAPAMOND

2759 years of History in Eleven or More Days or Cultural Aspects and Management in Rome

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  • Page: 6
  • Authors: Lect. univ. dr. Amedeo ISTOCESCU
  • Abstract: The paper present travel impressions in Roma
  • Classification-JEL: Z10, Z19
  • Key words: Cultural economics; Reference culture points in Roma.

MANAGEMENT

The European Union and the Alternative Sources of Energy

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  • Page: 12
  • Authors: Prof. univ. dr. Camelia Georgeta CĂLIN; Student Claudia SIMA
  • Abstract: The paper presents a detailed analysis of the alternative sources of energy and aspects related to the efficient use of these sources.
  • Classification-JEL: O13, Q42, Q43
  • Key words: Energy; Alternative sources of energy; Renewable energy.

The Management of the Documents (Papers)

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  • Page: 25
  • Authors: Conf. univ. dr Sofia Elena COLESCA
  • Abstract: The document is an important communication tool between the organization's departments and in the relations with other companies. The most document management software solutions approach the problem from the point of transition from the old organization systems to the new electronic classification and recording tools based on databases. The supervising and control of the documents, their workflow, the speed of taking decisions at managerial level are the main reasons to for implementing document management systems. In this context, the article presents the main aspects concerning the use of document management systems.
  • Classification-JEL: C88, L86, M15
  • Key words: Document management software; Document libraries; Workflow.

Lagrange's Approach Regarding the Diffusion of the Effluents in the Atmosphere (part II)

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  • Page: 32
  • Authors: Prof. univ. dr. ing. Georgeta CUCULEANU
  • Abstract: In the Lagrangian approach to the turbulent diffusion the species concentrations are described relative to the moving fluid. This approach is concerned with the behavior of the fluid particle existing in a carrying turbulent fluid. Lagrangian theory describes the statistics of the pollutant concentration in terms of the statistical properties of the displacements of particles released in the fluid.
  • Classification-JEL: C02, Q52, Q53
  • Key words: Lagrangian theory; Turbulent diffusion; Pollutant concentration.

The Oreste's Method in the Multicriteria's Decision Process for the Management of Tourism Field

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  • Page: 37
  • Authors: Octavia GIVESCU
  • Abstract: During the decision process, one has to take into consideration more than one criterion, the alternative that meets as many criteria as possible being chosen eventually. As it is impossible to reach the maximum level that is wished for separately for each criterion at the same time, one has to settle for the alternative that is the best compromise considering all the criteria. In the field of tourism, developing any strategy regarding the tourist product, entering a market, organizing distribution and advertising means are based on a series of decisions and the use of modern methods of the decision theory has become a necessity for the managers in the respective business area. Among the methods that aim at choosing the alternative that meets as many criteria as possible, the ''Oreste method'' produces the order of the decision alternatives function of the significance/ value that they have within each criterion.
  • Classification-JEL: C02, C44, C61, L83
  • Key words: Multi criteria decision; Tourism management; Comparing and setting in order the alternatives.

Management in Canada (part II)

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  • Page: 52
  • Authors: Lect. univ. dr. Amedeo ISTOCESCU
  • Abstract: The article presents four case studies representing the cultural - historical and the social-economic Canadian contexts.
  • Classification-JEL: Q51
  • Key words: Management; Canadian economy; Case studies.

Internal Audit Classification

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  • Page: 60
  • Authors: Ec. drd. Mirela Claudia MITAC
  • Abstract: The intern audit has an important role in economy. There is any institution without a risky activity. The goal of this paper is to show the importance of intern audit in providing an independent evaluation of risk management, of controlling and of process management.
  • Classification-JEL: H83, M42
  • Key words: audit, financial audit, banking audit, risk management

The Long Term Vision as the Successful Leaders Main Characteristics

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  • Page: 68
  • Authors: Conf. univ. dr. Marian NĂSTASE
  • Abstract: One of the major challenges that leaders face is that of creating and applying an organizational vision that could be the inspiriting source for organizational objectives and the activities developed within. It is a matter of integrating the individual and organizational expectations, in order to meet the business environment requirements, to achieve the expected performance and the stakeholders to be please with the provided results
  • Classification-JEL: L21, L25, M14
  • Key words: Organizational objectives; Organizational vision; Organizational culture; Leader.

Characteristics and Behaviors Types of Bank's Clients and the Negotiation Tactics Adjusting(part II)

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  • Page: 74
  • Authors: Drd. Carmen-Loredana TOPALĂ
  • Abstract: In an attempt to stay on the market in a more and more competitive environment, banks turn to classifying clients in behavioral types and consequently adapt their offer, their dialogue and negotiation techniques and also their selling tactics. The final goal is to maintain and attract a market share as possibly large formed by SMEs and individuals, that are lately been offered more and more new types of products, both by banks and by other financial companies. In the attempt to make them known on the market, banks must find the way between the unique transaction and the long term partnership, based on win-win negotiation strategy.
  • Classification-JEL: G14, G21, L22, M31, O16
  • Key words: Bank services; Competitive environment; Negotiation techniques.

VARIA

Vintila Brătianu

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  • Page: 81
  • Authors: Prof. univ. dr. Raisa RADU
  • Abstract: The paper presents the personality of the Romanian politic man Vintila Bratianu
  • Classification-JEL: B31
  • Key words: Vintila Bratianu; economical and political thought.

MAPAMOND

Account to Nikos Kazantzakis or Cultural Aspects and Management in Crete

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  • Page: 5
  • Authors: Lect. univ. dr. Amedeo ISTOCESCU
  • Abstract: The paper present travel impressions in Crete
  • Key words: Culture; History; People

MANAGEMENT

Euler's approach regarding the diffusion of the effluents in the atmosphere (part I)

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  • Page: 8
  • Authors: Prof. univ. dr. ing. Georgeta CUCULEANU
  • Abstract: In the Eulerian approach the behavior of the atmospheric pollutants is described relative to a fixed coordinate system. Thus the pollutant concentration is a function depending on the system coordinates and must satisfy the material balance taken over a volume element. Expressed mathematically, the concentration must satisfy the continuity equation for the atmospheric fluid.
  • Key words: Eulerian formalism; pollutant concentration

Management in Canada (part I)

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  • Page: 15
  • Authors: Lect. univ. dr. Amedeo ISTOCESCU
  • Abstract: The article presents the cultural - historical and the social - economic Canadian contexts with their main characteristics.
  • Key words: Canadian economy; Canadian cultural values; multi culture

The role o the integrator firms in the insuring process for agricultural goods producers

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  • Page: 22
  • Authors: Conf. univ. dr. Nicolae ISTUDOR
  • Abstract: The integration process represents an important element for the modernization process of the marketing department within the agriculture field and food industry.
  • Key words: integration process; food industry; agriculture.

The leadership types within the organisations

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  • Page: 26
  • Authors: Conf. univ. dr. Marian NĂSTASE
  • Abstract: An organization develops when its leaders succeed to convey their values and these are accepted and internalized by the other employees as being the correct way of thinking and acting. It's important that between the leaders and their supporters to establish sincere and trusting connections, based on a range of values that are mutual shared. Leadership becomes a result of cooperation between the leader and its stakeholders, under the circumstances in which he succeeds to build up a vision of the nature to motivate and accept their points of view, to internalize and to support them.
  • Key words: Leadership ; leader; stakeholders

Characteristics of the knowledge based organisations

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  • Page: 37
  • Authors: Conf. univ. dr. Ion POPA
  • Abstract: The paper present the main orientations identified in the transition process from the traditional economy to the knowledge based economy.
  • Key words: knowledge based organizations; knowledge management

The importance of the organization learning for public sector (service)

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  • Page: 52
  • Authors: Prep. univ. drd. Mihaela SAVA; Conf. univ. dr. Sofia Elena COLESCA
  • Abstract: In this material the authors presents a new dimension of the organization learning through the organization culture and the mentoring programs.
  • Key words: Public sector; organization culture; mentoring programs; organization learning

Characteristics and behaviors types of bank's clients and the negotiation tactics adjusting (part I)

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  • Page: 66
  • Authors: Carmen-Loredana TOPALĂ
  • Abstract: In detail knowledge of clients that banks enter in business relations with is a way of increasing the efficiency of banks' investment portfolio. This is because banks so manage to attract new clients more easily and also keep the existing ones into their portfolios, through identifying their motivational factors and consequently adapt dialogue and negotiation techniques and marketing and selling tactics. Also, by applying those methods of classifying clients into behavioral categories, banks better manage to protect themselves from the risk of loosing a viable client or attracting a potentially bad faith client. These methods of classifying clients will become more useful as the Romanian banking market is more and more oriented towards the retail segment, formed by SMEs and individuals, for which are very important the customized and mutual trust relationship with the banking officer, in view of finding the best banking product that best satisfies their needs
  • Key words: behavioral categories; risk management; banking product; negotiating.

VARIA

Pirandello, the Play-Wrighter

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  • Page: 73
  • Authors: Prof. univ. dr. Raisa RADU
  • Abstract: The paper presents the personality of Pirandello and the importance of the public education.
  • Key words: Pirandello; the relation between theatre and public

National Radio theatre and the students

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  • Page: 80
  • Authors: Prof. univ. dr. Raisa RADU
  • Abstract: The paper presents the role of the National Radio in socialization process. Also, the author analyses the Majestic Experiment for the radio theatre audition with students.
  • Key words: Radio theatre; socialization process; group audition experiment

RECENZII

Fifteen years of history for the European Bank of Reconstruction and Development

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  • Page: 87
  • Authors: Ana BAZAC
  • Abstract: This is a review of the book of Dejak Bojan: The Cold War Was Won In The Nineties, or A Short History of the European Bank for Reconstruction and Development, Victoria, BC, Canada, Trafford, 2005
  • Key words: European Bank for Reconstruction and Development

MAPAMOND

One country, two official languages and one hundred ethnic groups or cultural aspects and management in Canada

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  • Page: 5
  • Authors: Lect. Amedeo ISTOCESCU, Ph. D.
  • Abstract: The paper discusses about the Canada as a multi cultural country where more than one hundred groups live in harmony.
  • Key words: Canadian cultural values; multi cultural country.

MANAGEMENT

Quality management for school system

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  • Page: 8
  • Authors: Professor Florina BRAN, Ph.D.; Lecturer Ildiko IOAN, Ph.D.
  • Abstract: This paper presents the two most important factors that influence the development of quality management in education: the globalization and the sustainable development. The four well known quality management principles (Deming) can be adapted and implemented in the education system case, too.
  • Key words: globalization; sustainable development; quality management principles

Learning to learn competence. The European dimension.

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  • Page: 17
  • Authors: Laura DUMBRAVEANU
  • Abstract: This article approaches present debates at the international level (the European Commission Untidier and DeSeCo Project of the OECD) regarding learning to learn competence and some concrete initiative developed starting from these debates.
  • Key words: learning to learn; lifelong learning

Quality assurance - a chance for small and medium sized enterprises

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  • Page: 24
  • Authors: Professor Ion IONIŢA, Ph.D.; Reader Cosmin DOBRIN, Ph.D.; Asist. Mihai MIEILĂ, Candidate of Ph. D.
  • Abstract: In this material some of the most important aspects related to the quality assurance for their business plan, small and medium sized enterprises are pointed out the functional/ procession approach, the model of the implementation of the quality management system for the small and medium sized enterprises.
  • Key words: small and medium sized enterprises; quality management system

Latin American Management (second part)

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  • Page: 37
  • Authors: Lect. Amedeo ISTOCESCU, Ph. D.
  • Abstract: This paper develops several peculiarities of the management within the Latin America countries types of organizations, strategies, negotiations techniques and trade union issue.
  • Key words: type of organizations; management in Latin America

Faculty of Management after two years of quality management measures implementation

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  • Page: 55
  • Authors: Professor Ion PLUMB, Ph.D
  • Abstract: This article illustrates the new perspectives of the Faculty of Management related to the quality management system implementation: the strategy, the objectives, the responsabilities.
  • Key words: quality management system; implementation strategy; higher education system

The organizational communication process and its influence for the quality management system in higher education

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  • Page: 65
  • Authors: Lecturer Cristiana POP, Ph D.
  • Abstract: The material presents the main characteristics of the organizational communication process adapted to the higher education system and the quality management principles.
  • Key words: organizational communication process; quality management system; higher education system

The quality issue in the higher education system

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  • Page: 70
  • Authors: Professor Roxana SaRBU, Ph.D., Lecturer Crina Raluca BUCUR, Ph.D., Lecturer Antonia Cristiana SCURTULESCU, Ph.D
  • Abstract: The paper approaches the quality factors as for example fitness for purpose and value for money adapted for the higher education system.
  • Key words: quality factors; higher education system

The audit of quality versus corporative communication

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  • Page: 79
  • Authors: Professor Alexandru TAŞNADI Ph. D.; Reader Diana Andreia HRISTACHE, Ph. D.
  • Abstract: This material present the relation between the product series of one certain organization and quality system of its corporative communication
  • audit quality; product series; corporative communication.

Privatizing Education: Some Reflections on the Development of Direct Subsidy Scheme in Hong Kong.

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  • Page: 85
  • Authors: Timothy YUEN, Assistant Professor, Hong Kong Institute of Education
  • Abstract: The discussion of market in education is controversial and often value-laden. This paper aims at exploring the attempts made by the government of Hong Kong to develop a vibrant private sector in school education through the Direct Subsidy Scheme. The scheme allows participating schools to draw funds both from tuition fees and government subsidy on the one hand and promises greater freedom in school operation on the other. This paper will discuss how the scheme was first coined and its significant development. Attention will be paid to how the development of the scheme may have affected the landscape of school education in Hong Kong. Focus will be placed on how it may have an impact on equality of education, class, social mobility and the nature of education. It is hoped that this will become a case to help the reflections on the complexities relating to introducing market to education.
  • Key words: Hong Kong; market in education; private sector in school education.

VARIA

Dinicu Golescu, the Valachian traveler

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  • Page: 101
  • Authors: Professor Raisa RADU, Ph. D.
  • Abstract: Dinicu Golescu's work can both be considered an artistic reportage and an early form of sociology. Admiring the values of Western culture and civilisation, Dinicu Golescu cannot forget the backwardness of his country: economical, political, social and cultural. Back home, he tries to improve things, founding a school for boys, at Golesti, and writing handbooks of moral philosophy and religion for his students. Dinicu Golescu was also good at political economy. He was really aware of the danger, for a country like his, to import goods without exporting any. As a good citizen and patriot, Golescu expressed his opinions about improving things and solving current problems of the country.
  • Key words: Dinicu Golescu; political economy

MAPAMOND

Portugheză, fotbal, carnaval, samba sau despre cultură şi management in Brazilia

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  • Page: 6
  • Authors: Lect. univ. dr. Amedeo ISTOCESCU

MANAGEMENT

Necesitatea reconsiderării metodei analizei valorii

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  • Page: 9
  • Authors: Cercet. şt. pr. gr. II drd. Aurelia Sanda ALDEA

Idei-ghid pentru consultanţa in domeniul managementului inovării

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  • Page: 21
  • Authors: Prof. univ. dr. Iosif ARMAŞ, Dr. ing. Vladimir ŢICOVSCHI

Bucureştiul şi protecţia mediului- Studiu de caz -

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  • Page: 38
  • Authors: Prof. univ. dr. Camelia Georgeta CĂLIN, Student Comerţ Claudia SIMA

Aspecte privind eficienţa in sfera educaţiei

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  • Page: 50
  • Authors: Lect. univ. dr. Claudiu CICEA

Managementul intreprinderii competitive şi tehnologiile informatice

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  • Page: 57
  • Authors: Conf. univ. dr. Sofia Elena COLESCA

Utilizarea metodelor de educaţie din invăţămantul universitar in procesul de training in cadrul organizaţiilor

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  • Page: 69
  • Authors: Lect. univ. dr. Cosmin DOBRIN, Lect. univ. dr. Claudiu CICEA

Comparaţii asupra abordărilor internaţionale privind managementul riscului in afaceri şi proiecte

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  • Authors: Lect. univ. dr. Nadia Carmen ENE

Securitatea industrială -componentă a managementului operaţional al producţiei

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  • Authors: Conf. univ. dr. Ilie GHEORGHE, Conf. univ. dr. Roxana ŞTEFĂNESCU

Managementul in America Latină

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  • Authors: Lect. univ. dr. Amedeo ISTOCESCU

Sistemul de management al securităţii şi sănătăţii in muncă - premisă a existenţei firmei pe piaţa externă după aderarea Romaniei la UE

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  • Authors: Ec. drd. Lazăr LAŢU

Trainingul managerilor in instituţiile de invăţămant superior

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  • Authors: Lect. univ. dr. Ion POPA

Investiţia in know-how şi abilitate managerială, surse de relansare economică şi excelenţă durabilă pentru firmele industriale (Cazul firmei „Titan Maşini Grele SA'')

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  • Authors: Cercet. şt. pr. drd. Radu POPESCU

Dezvoltarea sectorului energetic din Romania - obiectiv principal al strategiei de dezvoltare durabilă orizont 2025

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  • Page: 140
  • Authors: Asist. univ. drd. Andreea ZAMFIR

VARIA

John Maynard Keynes şi keynesismul

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  • Authors: Asist. univ. drd. Mara Magda MAFTEI

Biblioteca MAVROCORDAŢILOR

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  • Authors: Prof. univ. dr. Raisa RADU

Principiile eticii intreprinderii

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  • Authors: Prof. univ. dr. Raisa RADU

MAPAMOND

Oraşul celor trei religii sau despre cultură şi management in Sofia

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  • Authors: Lect. univ. dr. Amedeo ISTOCESCU

MANAGEMENT

Analiză comparativă: reproiectarea sistemului managerial - analiza valorii

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  • Authors: Cercet. şt. gr. II drd. Aurelia Sanda ALDEA

Model procedural de simulare a strategiilor de finanţare in afacerile internaţionale

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  • Authors: Prof. univ. dr. Marin ANDREICA

Utilizarea tehnologiilor informatice in consilierea carierei

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  • Authors: Lect. univ. dr. Cristina CARAMETE Conf. univ. dr. Sofia Elena COLESCA

Impactul unor carburanţi asupra mediului

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  • Authors: Prof. univ. dr. Camelia Georgeta CĂLIN, student Comerţ Claudia SIMA

Contribuţia educaţiei la dezvoltarea economică

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  • Authors: Lect. univ. dr. Claudiu CICEA, Lect. univ. dr. Cosmin DOBRIN

Teoria cunoaşterii in cadrul invăţămantului universitar

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  • Authors: Lect. univ. dr. Claudiu CICEA

Lanţul competenţei profesionale, model de gestiune a resurselor umane

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  • Authors: Asist. univ.drd. Răzvan-Andrei CORBOŞ

Managementul in ţările islamice (partea a doua•)

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  • Authors: Lect. univ. dr. Amedeo ISTOCESCU

Entităţi bazate

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  • Authors: Prof. univ. dr. Ion IVAN, Daniel MILODIN, Marius POPA, Cosmin LUGOJI

Formarea continuă şi managementul cunoaşterii

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  • Authors: Prof. univ. dr. Florica LUBAN

Relaţia dintre auditorii şi supraveghetorii bancari. Riscurile auditului bancar

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  • Authors: Ec. drd. Mirela-Claudia MIŢAC

Excelenţa durabilă a intreprinderilor industriale. Evaluarea acumulărilor de sinergie

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  • Authors: Cercet. şt. pr. Radu POPESCU

Evaluarea performanţelor umane prin prisma cunoştinţelor explicite şi tacite

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  • Authors: Prof. univ. dr. Marcel STOICA, Prof. univ. dr. Camelia RAŢIU-SUCIU, Dr. med. Corina GRIGORIU

Dezvoltarea sectorului energetic din Romania - obiectiv principal al strategiei de dezvoltare durabilă orizont 2025

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  • Authors: Asist. univ. Andreea ZAMFIR

Conceptul de management operaţional al producţiei

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  • Authors: Conf. univ. dr. Roxana ŞTEFĂNESCU

Nicholas Georgescu-Roegen şi premiile Nobel pentru economie

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  • Authors: Prof. univ. dr. Iosif ARMAŞ, Dr. ing. Vladimir ŢICOVSCHI

VARIA

Cervantes şi „Cavalerul Tristei Figuri''

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  • Page: 181
  • Authors: Prof. univ. dr. Raisa RADU

RECENZII

Căutand succesul formării in noua lume a afacerilor

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  • Authors: Lect. univ. dr. Nadia Carmen ENE

Cercetari realizate in cadrul programului institutional, nefinantate sau finantate prin granturi CNCSIS de tip At

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  • Title: Cercetari realizate in cadrul programului institutional, nefinantate sau finantate prin granturi CNCSIS de tip At

Cuprins

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Problema arieratelor in Romania şi propuneri de soluţionare a acesteia in perspectiva integrării in UE

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  • Authors: Prof. univ. dr. Ion STANCU, Prof. univ. dr. Cornelia LEFTER, Prof. univ. dr. Toma Dorin ROMAN, Conf. univ. dr. Marian SĂCĂRIN, Lect. univ. dr. Iulian BRAŞOVEANU, Lect. univ. dr. Laura OBREJA, Lect. univ. dr. Anamaria CIOBANU, Lect. univ. dr. Cristina MOHORA, Lect. univ. dr. Sorin LĂZĂRESCU

Utilizarea de tehnici econometrice pentru identificarea căilor de creştere a productivităţii muncii

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  • Authors: Prof. univ. dr. Altar MOISA, Asist. univ. drd. Ionuţ DUMITRU, Asist. univ. drd. Ciprian NECULA, Asist. univ. drd. Bogdan MOINESCU, Prep. univ. Anca SIRBU, Prep. univ. Otilia CIOTĂU, Prep. univ. Gabriel BOBEICĂ, Tehn. Nicoleta STĂNESCU

Conturarea unui model explicativ al globalizării - Globalizarea

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  • Authors: Prof. univ. dr. Coralia ANGELESCU, Prof. univ. dr. Dinu MARIN, Prof. univ. dr. Dumitru CIUCUR, Lect. univ. dr. Cristian SOCOL, Asist. univ. dr. Marius MARINAŞ

Rolul agenţilor de rating pe piaţa financiară

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  • Authors: Lect. univ. dr. Sorin LĂZĂRESCU, Prof. univ. dr. Gabriela ANGHELACHE

Realizarea unei versiuni operaţionale de platformă colaborativă pentru medii de instruire asistată

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  • Authors: Prof. dr. Constantin-Gelu APOSTOL, Prof. dr. Constanţa-Nicoleta BODEA, Conf. dr. Gabriel ZAMFIR, Lect. drd. Adriana REVEIU, Ec. drd. Daniel BĂLĂCEANU, Mat. drd. Ana Maria LĂCULEANU

Specializarea in servicii - opţiune de dezvoltare economică a Romaniei - Metode şi modele de analiză

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  • Authors: Prof. univ. dr. Maria BĂDIŢĂ, Lect. univ. dr. Andreea Iluzia IACOB, Lect. univ. dr. Silvia Elena CRISTACHE

Probleme ale forţei de muncă tanără cu pregătire superioară pe piaţa muncii - mutaţii in managementul resurselor umane

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  • Authors: Prof. univ. dr. Constanţa BODEA, Prep. univ. Dragoş VESPAN, Prep. univ. Horia TOMA, Ec. Vasile BODEA, Prep. univ. Mark ZSOLT

Evaluarea şi estimarea evoluţiei variabilelor independente care au efecte directe şi indirecte

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  • Authors: Prof. univ. dr. Florina BRAN, Prof. univ. dr. Eugenia LILEA, Prof. univ. dr. Emilia ŢIŢAN, Conf. univ. dr. Mihaela VĂTUI, Lect. univ. dr. Carmen Valentina RĂDULESCU, Lect. univ. dr. Ioan ILDIK

Cercetare terminologică şi terminografică a lexicului specializat din finanţe - Finalizarea dicţionarului de termeni

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  • Page: 137
  • Authors: Prof. univ. dr. Paul BRAN, Lect. univ. drd. Elena POPA, Prof. univ. dr. Alexandra CUNIŢĂ, Prof. univ. dr. Tatiana MOŞTEANU, Prof. univ. dr. Carmen Ştefania STOEAN, Conf. univ. dr. Felicia ALEXANDRU, Asist. univ. drd. Emilia CIMPEANU, Ing. Răzvan DINA, Stud. Carmen DASCĂLU

Perfecţionarea raportării financiare

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  • Authors: Prof. univ. dr. Călin OPREA, Prof. univ. dr. Mihai RISTEA, Prof. univ. dr. M. PĂUNICĂ, Conf. univ. dr. C. DUMITRU, Asist. univ. drd. C. ŞENDROIU

Cercetare privind fundamentarea strategiei de armonizare a invăţămantului superior de marketing din Romania cu sistemele existente

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  • Page: 155
  • Authors: Prof. dr. Iacob CĂTOIU, Prof.dr Virgil BALAURE, Prof.dr. Florin Sabin FOLTEAN, Prof.dr. Valerică OLTEANU, Prof.dr. Nicolae Al. POP, Conf. dr. Laurenţiu-Dan ANGHEL, Conf.dr. Carmen BĂLAN, Conf.dr. Ionel DUMITRU, Conf. dr. Gheorghe ORZAN, Conf.dr. Călin VEGHEŞ, Conf.dr. Răzvan ZAHARIA, Lect. drd. Diana Maria VRINCEANU, Asist. Mihaela Cornelia PREJMEREAN, Asist. Mihai ORZAN, Asist. Mihai Ioan ROŞCA, Prep. Alina FILIP, Drd. Marian OLTEANU, Drd. Liviu POP, Maria MOGLAN

Model operational de crestere a eficientei actiunilor manageriale ale asociatiilor de consumatori....pdf

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  • Page: 165
  • Authors: Conf. univ. dr. Vasile DINU, Conf. univ. dr. Puiu NISTOREANU, Lect. univ. dr. Costel STANCIU, Prof. univ. dr. Traian SURCEL, Dr. ec. Emil BOJIN, Conf. univ. dr. Cristina BUCUR, Asist. univ. drd. Valentin DUMITRU, Asist. univ. drd. Adela TALPEª, Psiho-sociolog Rãzvan RESMERI??, Biolog-ecolog Alexandru DODU

Studiu privind premisele organizarii virtuale a muncii in societatea informationala din Romania.pdf

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  • Authors: Prof. univ. dr. Bogdan GHILIC-MICU, Lect. univ. Cristian USCATU, Prep. univ. Marinela MIRCEA, Prep. univ. Cãtãlin SILVESTRU

Riscul in afacerile internationale-Analiza si gestiune.pdf

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  • Authors: Conf. univ. dr. Gheorghe HURDUZEU, Prof. univ. dr. Ioan POPA, Lect. univ. Mihaela BELU, Lect. univ. Dorel PARASCHIV, Prep. univ. Roxana VOICU-DOROBAN?U

Proiectarea modelelor de masurare a specializarii fortei de munca in profil teritorial.pdf

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  • Authors: Prof. univ. dr. Alexandru Isaic MANIU, Prof. univ. Dr. Tudorel ANDREI, Lect. univ. dr. Andreea Iluzia IACOB, Lect. univ. drd. Ileana Gabriela NICULESCU-ARON, Lect. univ. dr. Silvia CRISTACHE, Lect. univ. dr. Erika TU?A, Lect. univ. dr. Bogdan IFTIMIE

Analiza calitativa a bazei de modele utilizata in managementul calitatii software.pdf

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  • Page: 236
  • Authors: Prof. univ. dr. Ion IVAN, Asist. univ. drd. Cãtãlin PLOAE, Conf. univ. dr. Gherasim ZENOVIC, Asist. univ. Marius POPA, Prep. univ. Cãtãlin BOJA, Stud. Adrian VI?OIU

Diagnoza schimbărilor structurale demo-economice şi sociale ale populaţiei Romaniei-nivel naţional şi regional

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  • Page: 260
  • Authors: Conf. univ. dr. Constanţa MIHĂESCU, Prof. univ. dr. Virgil SORA, Prof. univ. dr. Christina Marta SUCIU, Lect. univ. dr. Miruna HURDUZEU, Lect. univ. dr. Diana HRISTACHE, Lect. univ. dr. Dorina POANTA, Lect. univ. dr. Aniela DANCIU, Lect. univ. dr. Ileana NICULESCU-ARON, Expert I A Marcela POSTELNICU, Expert I A Adriana COZMA

Incidenţa factorilor instituţionali şi a sistemelor de interese asupra mediului economico-financiar şi social din Romania

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  • Page: 277
  • Authors: Prof. univ. dr. Tatiana MOŞTEANU, Prof. univ. dr. Radu STROE, Prof. univ. dr. Emil NEGREA, Lect. univ. dr. Roxana MOŞTEANU, Asist. univ. drd. Emilia CMPEANU, Asist. univ. drd. Andreea STOIAN, Asist. univ. drd. Delia VASILESCU, Prep. univ. drd. Attila GYRGY, Prep. univ. Emilian MIRICESCU, Prep. univ. Carmen LĂCĂTUŞ

Cercetări privind securitatea afacerilor electronice şi protocoale pentru securitatea afacerilor electronice

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  • Authors: Prof. univ. dr. Floarea NĂSTASE, Prof. univ. dr. Pavel NĂSTASE, Prof. univ. dr. Adrian VASILESCU, Conf. univ. dr. Răzvan ZOTA, Lect. univ. dr. Carmen TIMOFTE, ing. Octavian PAIU, Asist. univ. drd. Mădălina MLAK, Prep. univ. Radu CONSTANTINESCU, Prep. univ. Iulian ILIE-NEMEDI, ec. drd. Jack TIMOFTE

Integrarea geopolitică şi geostrategică a Romaniei in context european şi mondial

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Receptarea operei lui Mihail Manoilescu in gandirea economică de limbă germană

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  • Authors: Conf. univ. dr. Robert PĂIUŞAN, Lect. univ. dr. Alina CREŢU, Lect. univ. dr. Diana HRISTACHE, Asist. univ. drd. Elena PEPTAN

Defectologia şi defectoscopia alimentelor brute prelucrate şi a ambalajelor de contact cu acestea

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  • Authors: Prof. univ. dr. Rodica PAMFILIE, Prof. univ. dr. Dumitru DIMA, Conf. univ. dr. Roxana PROCOPIE, Lect. univ. dr. Carmen PĂUNESCU, Lect. univ. dr. Magdalena BOBE, Lect. univ. dr. Dorin POPESCU, Prep. univ. drd. Lelia CHIRU

Adaptarea pregătirii profesionale in domeniul comercial la noile condiţii de derulare a afacerilor

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  • Authors: Prof. univ. dr. Dumitru PATRICHE, Conf. univ. dr. Laurenţiu TACHICIU, Lect. univ. Sorin TOMA, Lect. univ. Mihai FELEA, Lect. univ. Cristinel VASILIU, Asist. univ. Nela POPESCU, Asist. univ. Andreea SĂSEANU

Expertiză complexă a calităţii mărfurilor in relaţie cu protecţia consumatorilor - Expertizarea calităţii reale a unor produse

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  • Authors: Prof. univ. dr. Viorel PETRESCU, Prof. univ. dr. Ion DIACONESCU, Prof. univ. dr. Marieta OLARU, Prof. univ. dr. Constanţa PISLARU, Prof. univ. dr. Roxana SIRBU, Conf. univ. dr. Anca PURCĂREA, Conf. univ. dr. Ion SCHILERU, Conf. univ. dr. Doru PLEŞEA, Lect. univ. dr. Anca ATANASIE, Lect. univ. dr. Costel STANCIU, Lect. univ. drd. Mihai NEAGREA, Asist. drd. Andrei VALENTIN

Rolul activităţilor turistice in dezvoltarea regională a Romaniei - Consideraţii geografice

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  • Authors: Conf. univ. dr Claudia POPESCU, Prof. univ. dr Silviu NEGUŢ, Prof. univ. dr Florina BRAN, Asist. univ. cercet. drd. Gabriela NECŞULIU (Borto)

Elaborare sistem de indicatori pentru evaluarea eficienţei programelor de formare continuă

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Analiza performanţelor firmelor romaneşti cotate in contextul integrării in Uniunea Europeană

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  • Authors: Prof. univ. dr. Vasile ROBU, Prof. univ. dr. Mihaela VĂTUI, Conf. univ. dr. Ion ANGHEL, Lect. univ. dr. Camelia VASILESCU, Conf. univ. dr. Claudia ŞERBAN, Prep. univ. drd. Cristina Lidia MANEA, Prep. univ. drd. Alina Mihaela CURPAN, Prep. univ. drd. Mirela NICHITA

Teoria jocurilor in comunicare

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  • Authors: Prof. univ. dr. Angela ROGOJANU, Lect. univ. dr. Alina CREŢU, Lect. univ. dr. Diana HRISTACHE, Asist. univ. drd. Elena PEPTAN, Prep. univ. drd. Răzvan BĂRBULESCU

Platforma de modele online pentru fundamentarea politicilor economice la nivelul intreprinderilor mici şi mijlocii

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  • Authors: Prof. univ. dr. Ion SMEUREANU, Prof. univ. dr. Bogdan Cristian ONETE, Conf. univ. dr Laurenţiu-Dan ANGHEL, Conf. univ. dr Puiu NISTOREANU, Conf. univ. dr Dana Radu COLIBABĂ, Conf. univ. dr. Constantin DUGULEANA, Lect. univ. drd. Raluca BRANDABUR

Elaborarea de modele de predicţie privind comportamentul organismelor internaţionale in ceea ce priveşte relaţiile cu Romania

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  • Authors: Prof. univ. dr. Stelian STANCU, Prof. univ. dr. Dumitru MARIN, Prof. univ. dr. Nora CHIRIŢĂ, Lect. univ. dr. Roxana CIUMARA, Asist. univ. drd. Amaria ALDEA

Armonizarea procesului de predare-invăţare a francezei economice cu principiile cadrului europen comun

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  • Authors: Prof. univ. dr. Carmen STOEAN, Lect. univ. drd. Anca Marina VELICU, Prof. univ. dr. Michaela GULEA, Asist. univ. Dan HUŞANAŞU, Asist. univ. Manuela ALEXE

Identificarea şi evaluarea principalelor categorii de sisteme ecologice şi a habitatelor umane de pe teritoriul judeţului Bacău

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  • Authors: Conf. univ. dr. Maricica STOICA, Prof. univ. dr. Mihai BERCA, Prof. univ. dr. Vladimir ROJANSCHI, Prof. univ. dr. Ion VERBONCU, Lect. univ. dr. Cristian BANACU, Lect. univ. dr. Claudiu CICEA, Lect. univ. dr. Ion POPA, Lect. univ. dr. Mariana VUŢĂ, Cercet. univ. pr. I Ştefan RĂGĂLIE, Cercet. pr. I Sabin MUSCALU, Cercet. pr. III Gheorghe MANEA, Cercet. pr. I Cristian SIMA, Cercet. pr. III Radu INDRIEŞ, Asist. univ. dr. Alexandra PROFIROIU

Problemele de mandat şi asimetria de informaţii in economia serviciilor

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  • Authors: Conf. univ. dr. Paul TĂNĂSESCU, Prof. univ. dr. Radu STROE, Prof. univ. dr. Emil NEGREA, Lect. univ. dr. Victor DRAGOTĂ, Lect. univ. dr. Laura OBREJA, Lect. univ. dr. Ana-Maria CIOBANU, Lect. univ. drd. Iulian BRAŞOVEANU, Asist. univ. drd. Negrea BOGDAN, Asist. univ. drd. Cosmin ŞERBĂNESCU, Asist. univ. drd. Carmen LIPARĂ, Ec. Lidia RUSU

Cercetare asupra comunicării universitare - studiu de caz: ASE Bucureşti - laboratorul de comunicare economică

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  • Authors: Prof. univ. dr. Alexandru TAŞNADI, Prof. univ. dr. Angela ROGOJANU, Conf. univ. dr. Alina CREŢU, Asist. univ. drd. Elena PEPTAN, Asist. univ. drd. Laurenţiu ŞERBAN, Asist. univ. drd. Roxana UNGUREANU

Modelarea şi analiza eficienţei schimburilor comerciale externe din perspectiva integrării Romaniei in UE

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Studiu operaţional comparativ al acţiunii riscurilor majore in UE şi Romania şi cercetări privind bazele conceptuale ale unui mediu inteligent de instruire

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  • Authors: Conf. univ. dr. Ileana Adina UŢĂ, Prof. univ. dr. Rodica MIHALCA, Prof. univ. dr. Fabian CSABA, Lect. univ. dr. Iulian INTORSUREANU, Cercet. univ. pr. II Ştefan KOVACS

Managementul promovării invăţămantului economic superior in Romania in contextul societăţii bazate pe cunoştinţe

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  • Page: 502
  • Authors: Prof. univ. dr. Ion VASILESCU, Conf. univ. dr. Daniela HINCU, Lect. univ. dr. Nadia Carmen CIOCOIU, Lect. univ. dr. Claudiu CICEA, Asist. univ. Răzvan Cătălin DOBREA

Cuprins

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Sistem tutorial bazat pe educunoştinţe pentru instruirea continuă in domeniul prevenirii riscurilor in cadrul IMM....

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  • Authors: Prof. Dr. Rodica MIHALCA, Prof. Dr. Csaba FABIAN, Conf. Dr. Adina UŢĂ, Lect. Dr. Iulian INTORSUREANU, Asist. Drd. Oana MUNTEAN, Asist. Drd. Anca ANDRONESCU, Dr. Stefan KOVACS

Educaţia prin mediul virtual in societatea bazată pe informaţie şi cunoaştere

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  • Authors: Prof.dr. Ion Gh. ROŞCA, prof.dr. Bogdan GHILIC-MICU, Prof.dr. Crişan ALBU, Lect.dr. Marian STOICA, Lect.drd. Cristian Răzvan USCATU

Entităţi text şi caracteristici de calitate - Definirea contextului - a entităţilor orientate pe text

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  • Page: 62
  • Authors: Prof.dr.Ion IVAN, Asist. Marius POPA, Asist. Cătălin BOJA, Ec. Silviu NICULESCU, Dr. Gheorghe NOŞCA, Ing. Gabriela ZAMFIR, Tehn. Valentin BURCEA, Drd. Robert ENYEDI, Asist. Adrian POCOVNICU, Drd. Iulian RĂDULESCU, Asist. univ. Cristian TOMA, Stud. Adrian VIŞOIU, Prof. dr. Constantin DUGULEANĂ, Prof. dr. Liliana DUGULEANĂ - Universitatea Transilvania Braşov, Prof. dr. Victor PLOAE, Asist. Ionuţ ANTOHI, Asist. Silvia GHIŢĂ-MITRESCU, Asist. univ. Irina MĂDĂRAŞ, Asist. Cătălin PLOAE

Metodologii pentru managementul proiectelor informatice

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  • Page: 83
  • Authors: Constanţa BODEA, Vasile BODEA

Aplicaţie software pentru conversia bazelor de date tip IBM-DB2 intr-o bază de date tip Oracle 9I

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  • Page: 100
  • Authors: Prof. Univ. Dr. Gheorghe SABĂU, Drd. Ing.Gabriel ŞUTAC, Conf. Dr. Mihaela MUNTEAN

Corelaţiile macroeconomice dintre sectoarele real, monetar, bugetar şi extern in procesul creşterii

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  • Page: 110
  • Authors: Prof. univ. dr. Moisa ALTAR, Asist. univ. drd. Ionuţ DUMITRU, Asist. univ. drd. Ciprian NECULA, Asist. univ. drd. Bogdan MOINESCU, Prep. univ. drd. Gabriel BOBEICA, Prep. univ. Anca SIRBU, Prep. univ. Nicoleta CIURILA

Realizarea bazei de modele pentru perfecţionarea metodelor de prognoză macroeconomică

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  • Page: 123
  • Authors: Prof. univ. dr. Moisa ALTAR, Asist. univ. drd. Ionuţ DUMITRU, Asist. univ. drd. Ciprian NECULA, Asist. univ. drd. Bogdan MOINESCU, Prep. univ. drd. Gabriel BOBEICA, Prep. univ. Anca SIRBU, Prep. univ. Nicoleta CIURILĂ

Aspecte relevante ale politicii de coeziune socială in Uniunea Europeană

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  • Page: 135
  • Authors: Prof. univ dr. Armenia ANDRONICEANU, Asist.univ.drd. Irina POPESCU, Asist. univ. drd. Oana ABĂLUŢĂ

Sistemul indicatorilor sociali in viziunea organizaţiei economice pentru cooperare şi dezvoltare

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  • Page: 145
  • Authors: Prof. univ. dr. Armenia ANDRONICEANU, Prof. univ. dr. Marian STOIAN, Asist. univ. drd. Oana ABĂLUŢĂ, Prep. univ. drd. Ilinca MUNTEAN

Elaborarea planului de implementare a strategiei integrate pentru incurajarea participării tinerilor

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  • Page: 157
  • Authors: Constanţa BODEA, Daniela HINCU, Simona ILIE, Iuliana ALBU, Adrian SANDU, Vasile BODEA

Implementarea pilot a strategiei integrate pentru incurajarea participării tinerilor la decizia publică

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  • Page: 162
  • Authors: Constanţa BODEA, Iuliana ALBU, Simona ILIE, Klara BOTH, Vasile BODEA

Analiza calităţii unor produse sau grupe de produse industriale importante

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  • Page: 171
  • Authors: Marin DUMITRU, Stelian STANCU , Ioan Eugen ŢIGĂNESCU, Ana-Michaela ANDREI , Liliana SPIRCU , Vasile NICA , Ion DOBRE , Gheorghe CENUŞĂ , Radu ŞERBAN , Carmen HARTULARI , Crisan ALBU , Angela GALUPA , Tudor DUMITRESCU , Roxana CIUMARA , Ovidiu VEGHEº , Daniela MARINESCU , Marilena STANCU , Anamaria ALDEA , Dragoş PISLARU , Mihai PĂUN

Studii de caz ale unor pieţe mai importante pe 3 segmente

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  • Page: 188
  • Authors: Marin DUMITRU, Stelian STANCU , Ioan Eugen ŢIGĂNESCU, Ana-Michaela ANDREI , Liliana SPIRCU , Vasile NICA , Ion DOBRE , Gheorghe CENUŞĂ , Radu ŞERBAN , Carmen HARTULARI , Crisan ALBU , Angela GALUPA , Tudor DUMITRESCU , Roxana CIUMARA , Ovidiu VEGHEº , Daniela MARINESCU , Marilena STANCU , Anamaria ALDEA , Dragoş PISLARU , Mihai PĂUN

Metode privind decelarea şi cuantificarea substanţelor interzise

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  • Page: 202
  • Authors: Prof. univ. dr. Rodica PAMFILIE, Lect. Univ. Dr. Dorin POPESCU, Asist. univ. drd. Lelia CHIRU

Dezvoltarea IMM-urilor in comunităţile rurale

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  • Page: 213
  • Authors: Prof. univ. dr. Mihai PRICOP

Modalităţi de analiză a comunităţilor locale - Studiu de caz pentru regiunea Bucureşti-Ilfov

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  • Page: 217
  • Authors: Prof. dr. Mihai ROMAN, Dr. Sorin MITULESCU, Prof. dr. Dumitru MARIN, Prof. dr. Vergil VOINEAGU, Prof. dr. Constantin MITRUŢ, Prof. dr. Eugen ŢIGĂNESCU, Conf. Dr. Monica ROMAN, Asist. Drd. Anamaria ALDEA, Asist. Drd. Ramona PĂUN

Dinamica atitudinii tinerilor asupra vieţii economice şi sociale in perioada 2002-2004

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  • Page: 240
  • Authors: Prof. dr. Mihai ROMAN, Dr. Sorin MITULESCU, Prof. dr. Dumitru MARIN, Prof. dr. Vergil VOINEAGU, Prof. dr. Constantin MITRUŢ, Prof. dr. Eugen ŢIGĂNESCU, Conf. Dr. Monica ROMAN, Asist. Drd. Anamaria ALDEA, Asist. Drd. Ramona PĂUN

Educaţia, cultura şi creativitatea in viaţa tinerilor - Evaluarea multidisciplinară

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  • Page: 261
  • Authors: Prof. univ. dr. Marta-Christina SUCIU, Prof. univ. dr. Coralia ANGELESCU, Prof. univ. dr. Dumitru CIUCUR, Prof. univ. dr. Bogdan-Micu GHILIC, Prof. univ. dr. Mihai ROMAN, Prof. univ. dr. Stelian STANCU, Lector univ.dr. Marian STOICA, Lector univ. dr. Marinescu COSMIN, Lector univ. dr. Daniela IOVAN, Asistent univ. drd. Gabriel STAICU, Asist. univ. drd. Mirela ACELEANU, Asist. univ. drd. Mihaela DOBRE, Asist. univ. drd. Marius MARINAŞ, Asist. univ. drd. Marius PANĂ

Educaţia, cultura şi creativitatea in viaţa tinerilor - Metode de evaluare şi de stimulare

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  • Page: 277
  • Authors: Marta-Christina SUCIU, Coralia ANGELESCU, Dumitru CIUCUR, Bogdan-Micu GHILIC, Mihai ROMAN, Stelian STANCU, Marian STOICA, Marinescu COSMIN, Daniela IOVAN, Gabriel STAICU, Mirela ACELEANU, Mihaela DOBRE, Marius MARINAŞ, Marius PANĂ, Sorin MITULESCU, Gina ANGHELESCU, Anca DONCIU, Grigore NICOLA, Bogdan DANCIU, Sebastian LĂZĂROIU, Marin BURCEA

Evaluarea modelelor utilizate in ţările UE şi analiza comparativă cu economia romanească

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  • Page: 290
  • Authors: Prof. dr. Emilia ŢIŢAN, Prof. dr. Constantin MITRUŢ, Prof. dr. Eugenia LILEA, Prof. dr. Gabriela STĂNCIULESCU, Prof. dr. Georgeta VINTILĂ, Prof. dr. Vergil VOINEAGU, Prof. dr. Zizi GOSCHIN, Conf. dr. Mihaela VĂTUI, Lect. dr. Cristina TRANDAŞ, Lect. drd. Ileana NICULESCU, Asist. drd. Dan PELE, Prep. Mihai SACALĂ, Ec. drd. Florin LILEA, Ec. Andrei VOINEAGU, Ec. Daniela TODOSE

Analiza corelaţiei dintre nivelul salariului minim şi rata inflaţiei in viziunea OIM şi a BM

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  • Page: 297
  • Authors: Prof. dr. Emilia ŢIŢAN, Prof. dr. Constantin MITRUŢ, Prof. dr. Vergil VOINEAGU, Lect. dr. Cristina TRANDAŞ, Lect.dr. Simona GHIŢĂ , Prep. drd. Daniela TODOSE

Construirea bazei informaţionale necesare analizei migraţiei interne a forţei de muncă in Romania

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  • Page: 300
  • Authors: Prof. dr. Emilia ŢIŢAN, Prof. dr. Constantin MITRUŢ, Prof. dr. Eugenia LILEA, Prof. dr. Georgeta VINTILĂ, Prof. dr. Vergil VOINEAGU, Conf. dr. Mihaela VĂTUI, Lect.dr. Felix FURTUNĂ, Lect. dr. Cristina TRANDAŞ, Asist. drd. Dan PELE, Asist.drd. Mitruţ CRISTINA, Prep. Mihai SACALĂ, Prep.drd. Daniela TODOSE

Componentele proceselor de structurare la nivel teritorial

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  • Page: 305
  • Authors: Prof. univ. dr. Daniela-Luminiţa CONSTANTIN (coordonator), Prof. univ. dr. Cornelia PIRLOG, Prof.univ.dr. Tudorel ANDREI, Lect.univ. dr. Erika TUŢA, Lect.univ.dr. Cristina TRANDAŞ, Lect.univ.dr. Irina ISAIC-MANIU, Conf.univ.dr. Marius PROFIROIU, Asist.univ.drd. Daniel PELE, Asist.univ.drd. Cosmin ŞERBĂNESCU

Studii asupra conceptelor şi procedurilor de management al riscului aplicabile la construcţiile

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  • Page: 315
  • Authors: Prof. univ. dr. Victor RADU, Prof. univ. dr. Ion PLUMB, Prof .univ. dr. Mihai PRICOP, Prof .univ. dr. Marcel STOICA, Prof. univ. dr. Mihai Alexandru SOCOLESCU, Dr. ing. Dan GEORGESCU, Drd. Ec .Cezar SIMION, Tehnician Viorel CĂLINA

Portalul tinerilor - părerea ta contează

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  • Page: 324
  • Authors: Constanţa BODEA, Vasile BODEA, Mark ZSOLT

Studiu privind piaţa internă a vinului şi a produselor viniviticole

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  • Page: 338
  • Authors: Prof. univ. dr. Victor MANOLE, Prof.univ.dr. Mircea GHEORGHIŢĂ, Conf. univ. dr. Mirela STOIAN, Lector univ. dr. Roxana Simona PĂTARLĂGEANU, Asistent univ. drd. Raluca Andreea ION, Prep.univ.drd. Mircea Marian MITROI, Prep.univ. Mirela ALEXANDRU, Student George Mădălin POP

Consorţiul de extensie şi diversificare rurală - Situaţia diagnostic privind starea fermierilor

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  • Page: 347
  • Authors: Prof. Dr. Gabriel POPESCU

Biopolimeri naturali reciclabili dopaţi cu oligoelemente pentru aplicaţii medicale

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  • Page: 356
  • Authors: Prof.dr.Vişan SANDA, Prof. dr.Ciobotaru VIRGINIA, Prof. dr. Ghiga CONSTANTIN, Lector dr. Florescu MARGARETA, Asist. Stoica OANA, Dr. ing Viorica TRANDAFIR

Tehnologie de reciclare a deşeurilor proteice din industria de pielărie in aplicaţii industriale

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  • Page: 365
  • Authors: Prof. dr. Sanda VIŞAN , Prof. dr. Virginia CIOBOTARU, Prof. dr. Constantin GHIGA, Lect. dr. Margareta FLORESCU, Dr. ing. Gheorghe COARĂ

Implementarea şi certificarea sistemului de management al calităţii la centrul de cercetări PM Forum

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  • Page: 373
  • Authors: Constanţa BODEA, Vasile BODEA

MAPAMOND

Managemenul in ţările islamice (partea I)

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  • Page: 4
  • Authors: Lector univ. dr. Amedeo ISTOCESCU

De la Oceanul Atlantic la Marea Mediteranã sau despre culturã ºi management in sudul Franþei

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  • Page: 11
  • Authors: Lector univ. dr. Amedeo ISTOCESCU

Note de drum din India

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  • Page: 13
  • Authors: Prof. univ. dr. Camelia Georgeta CĂLIN

MANAGEMENT

Efectele activităţii de invăţămant

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  • Page: 15
  • Authors: Lector univ. dr. Claudiu CICEA

Modelarea proceselor investiţionale cu baze de cunoştinţe

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  • Page: 20
  • Authors: Prof. univ. dr. Camelia RAŢIU-SUCIU, Prof. univ. dr. Marcel Dragoş STOICA

Societatea cunoaşterii

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  • Page: 26
  • Authors: Lector univ. dr. Ion POPA

Afirmarea relaţiilor strategie-cultură organizaţională in zorii economiei cunoaşterii

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  • Page: 29
  • Authors: Cercetător principal Radu POPESCU - Academia Romană, Institutul Naţional de Cercetări Economice, Centrul de Economia Industriei şi Serviciilor

Măsurarea activelor generatoare de cunoştinţe

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  • Page: 34
  • Authors: Prof. univ. dr. Florica LUBAN

Managementul total al calităţii - imbunătăţire continuă

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  • Page: 39
  • Authors: Lector univ. dr. Cosmin DOBRIN

Performanţa profesională - Obiective şi criterii de evaluare

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  • Page: 41
  • Authors: Lector univ. dr. Cristina CARAMETE

Aspecte ale proiectării site-urilor WEB

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  • Page: 46
  • Authors: Lector univ. dr. Sofia Elena COLESCA

Utilizarea mulţimilor subtile la stabilirea diagnosticului unui sistem

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  • Page: 50
  • Authors: Prof. Marcel STOICA - Medic primar Corina GRIGORIU - Spitalul Universitar Bucureşti

Studiu statistic al pieţei detergenţilor

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  • Page: 55
  • Authors: ector univ. dr. Silvia Elena CRISTACHE

Evaluarea opiniei manageriale privind eficienţa firmelor comerciale pe baza unei anchete prin sondaj

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  • Page: 62
  • Authors: Lector univ. dr. Silvia Elena CRISTACHE, Lector univ. dr. Daniela ŞERBAN

Caracterizarea managementului in opinia salariaţilor direcţiei comerciale a RATB

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  • Page: 67
  • Authors: Lect. univ. dr. Dana ŞERBAN, Lect. univ. dr. Silvia-Elena CRISTACHE

Funcţia de organizare in contextul managementului producţiei

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  • Page: 72
  • Authors: Conf. univ. dr. Ilie GHEORGHE, Conf. univ. dr. Roxana ŞTEFĂNESCU

Atributul de previziune al managementului producţiei

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  • Page: 75
  • Authors: Conf. univ. dr. Ilie GHEORGHE, Conf. univ. dr. Roxana ŞTEFĂNESCU

Progres şi dezvoltare in domeniul energiei nucleare

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  • Page: 80
  • Authors: Prof. univ. dr. Camelia Georgeta CĂLIN, Claudia SIMA, Andra MOCANU, Andreea BĂLĂNEAN - studenţi an II Comerţ - Academia de Studii Economice

Precizia şi randamentul modulului translaţiei pe verticală a roboţilor industriali

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  • Page: 84
  • Authors: Prof. univ. dr. ing Georgeta CUCULEANU

Reducerea emisiilor de gaze cu efect de seră pe termen lung

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  • Page: 86
  • Authors: Prof. univ. dr. ing. Georgeta CUCULEANU

VARIA

Dora d'Istria sau printesa Elena Ghica

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  • Page: 89
  • Authors: Prof. univ. dr. Raisa RADU

Cultura Mavrocordaţilor

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  • Page: 91
  • Authors: Prof. univ. dr. Raisa RADU

Apariţii editoriale

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  • Page: 94

MAPAMOND

Euskadi - con mucho gusto sau despre cultură şi management in Ţara Bascilor

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  • Page: 4
  • Authors: Lector univ. dr. Amedeo ISTOCESCU

Ifriquiya 1425 sau despre cultură şi management in Tunisia

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  • Page: 5
  • Authors: Lect. univ. dr. Amedeo ISTOCESCU

Pace acasă, pace in lume sau despre cultură şi management in Istanbul

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  • Page: 7
  • Authors: Lector univ. dr. Amedeo ISTOCESCU

Cu Reşiţa in sudul Japoniei

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  • Page: 9
  • Authors: Prof. univ. dr. Camelia Georgeta CĂLIN

MANAGEMENT

Controlul managerial, obiect de audit public intern

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  • Page: 11
  • Authors: Dr. Vasile ZECHERU

Impactul culturii manageriale asupra flexibilităţii organizaţiilor

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  • Page: 16
  • Authors: Lector univ. dr. Marian NĂSTASE

Sinergetica in sprijinul atingerii excelenţei firmelor industriale

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  • Page: 20
  • Authors: Cercetător ştiinţific principal Radu POPESCU - Institutul Naţional de Cercetări Economice (INCE), Centrul de Economia Industriei şi Serviciilor (CEIS)

Caracteristicile managementului strategic

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  • Page: 34
  • Authors: Lector univ. dr. Ion POPA

Managementul total al calităţii şi administraţia publică

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  • Page: 39
  • Authors: Lector univ. dr. Cosmin DOBRIN

Analiza pe ciclul de viaţă (ACV) economic - ecologică al produselor intre utilitate şi necesitate

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  • Page: 42
  • Authors: Lector univ. dr. Cristian Silviu BĂNACU

Interferenţa strategie-programe-proiecte

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  • Page: 44
  • Authors: Prof. univ. dr. Ion VASILESCU

Sistem informatic pentru evaluarea eficienţei investiţiilor in informatică

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  • Page: 48
  • Authors: Lector univ. dr. Sofia Elena COLESCA

Aplicaţii ale multimilor subtile in ingineria valorii

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  • Page: 55
  • Authors: Prof. univ. dr. ing. Marcel STOICA, Prof. univ. dr. ing. Ion IONIŢĂ

Posibilităţi de extindere a aplicării principiilor analizei valorii la sistemele economico-sociale

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  • Page: 59
  • Authors: Cercetător ştiinţific principal Aurelia ALDEA

Analiza cost-beneficiu (ACB) instrument util pentru studiile de fezabilitate la investiţiile din domeniul public

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  • Page: 62
  • Authors: Lector univ. dr. Cristian Silviu BĂNACU

Metode de analiză fuzzy pentru probleme decizionale multiatribut

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  • Page: 67
  • Authors: Prof. univ. dr. Florica LUBAN

Consideraţii privind conservarea resurselor materiale

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  • Page: 73
  • Authors: Conf. univ. dr. Virginia CIOBOTARU, Prof. univ. dr. Anca ANGELESCU, Prof. univ. dr. Sanda VIŞAN

Gestionarea deşeurilor urbane

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  • Page: 78
  • Authors: Conf. univ. dr. Virginia CIOBOTARU, Prof. univ. dr. Anca ANGELESCU

Apele reziduale şi mediul inconjurator

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  • Page: 84
  • Authors: Prof. univ. dr. Camelia Georgeta CĂLIN, Conf. univ. dr. Florica Ligia BOTEZ

Modelarea nitrificării apelor uzate

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  • Page: 87
  • Authors: Prof. univ. dr. Georgeta CUCULEANU, Stud. Cristina MĂRCULESCU - Facultatea Management

Realizarea de contacte electrice sub formă de straturi subţiri de aluminiu de tipul Al2O3-metal (Ag, Ni, Cu, Sn)

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  • Page: 91
  • Authors: Liana ANICĂI, Magda BUNEA - ICPE-Cercetări Avansate S.A. Bucureşti, Conf. univ. dr. ing. Constantin GHIGA, Prof. univ. dr. ing. Sanda VIŞAN

Indicatori utilizaţi in evaluarea sistemului formării continue a resursei umane

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  • Page: 93
  • Authors: Ec. drd. Gabriela-Cristina BEREA - Ministerul Finanţelor

Motivare - satisfacţia in procesul motivaţional şi implicarea in muncă

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  • Page: 96
  • Authors: Lector univ. dr. Cristina CARAMETE

Modele posibile de organizare a invăţămantului obligatoriu din perspectiva europeană

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  • Page: 99
  • Authors: Cercetător ştiinţific Laura DUMBRĂVEANU - Institutul de Ştiinţe ale Educaţiei Bucureşti

Motivarea cadrelor didactice, element fundamental al eficientizării sistemului de invăţămant

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  • Page: 102
  • Authors: Lector univ. dr. Claudiu CICEA

Privire de ansamblu asupra problemelor şi perspectivelor cu care se confruntă piaţa cărţii din Romania

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  • Page: 106
  • Authors: Economist Rosana JIGA

VARIA

Cultura in epoca lui Ştefan cel Mare

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  • Page: 108
  • Authors: Prof. univ. dr. Raisa Radu

Antioh Cantemir (260 de ani de la moarte)

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  • Page: 110
  • Authors: Prof. univ. dr. Raisa RADU

Apariţii editoriale

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  • Page: 113

FACULTATEA MANAGEMENT - PREZENT SI PERSPECTIVE

Participarea Facultăţii de Management la Targul Gaudeamus - Carte de invăţătură

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  • Page: 4

Conferinţa Romania - drumul spre aderare, Madrid - Spania

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  • Page: 5

Modernizacion de Estado Rumano en el contexto de la Adhesion a la UE (Modernizarea statului roman in contextul aderării la Uniunea Europeană

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  • Page: 7
  • Authors: Conf. univ. dr. Marius PROFIROIU

La nueva gestion de los servicios publicos (Noul management al serviciilor publice din Romania)

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  • Page: 10
  • Authors: Prof. univ. dr. Ion PLUMB

El establecimiento de la economia de mercado en Rumania (Realizarea trecerii la economia de piaţă in Romania)

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  • Page: 13
  • Authors: Lect. univ. dr. Nadia Carmen ENE

Cambios sociales en Rumania (Schimbări sociale in Romania)

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  • Page: 22
  • Authors: Conf. univ. dr. Daniela HINCU

El sistema de los partidos politicos en Rumania (Sistemul partidelor politice in Romania)

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  • Page: 27
  • Authors: Prep. univ. drd. Andreea ZAMFIR

Calatorind in Al Magreb al Aqsa sau despre cultură si management in Maroc

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  • Page: 29
  • Authors: Lect. univ. dr. Amedeo ISTOCESCU

MAPAMOND

Itinerar lusitan sau despre cultură şi management in Portugalia

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  • Page: 31
  • Authors: Lect. univ. dr. Amedeo ISTOCESCU

Metaevaluaciacion - entre la calidad tecnica y la calidad democratica de las evaluaciones

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  • Page: 33
  • Authors: Prof. Ester Garcia SANCHEZ

MANAGEMENT

Impactul unor activităţi poluante specifice asupra mediului

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  • Page: 41
  • Authors: Prof. univ. dr. ing. Anca ANGELESCU, Conf. univ. dr. ing. Virginia CIOBOTARU

Perfecţionarea activităţii desfăşurate de cadrele didactice

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  • Page: 46
  • Authors: Asist. univ. drd. Claudiu CICEA

Abordarea calităţii prin proiectare

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  • Page: 48
  • Authors: Conf. univ. dr. ing. Virginia CIOBOTARU, Prof. univ. dr. ing. Anca ANGELESCU, Prof. univ. dr. ing. Sanda VIŞAN

Performanţele tehnologice la fabricarea circuitelor integrate

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  • Page: 52
  • Authors: Prof. univ. dr. ing. Georgeta CUCULEANU

Abordări in strategia managerială a schimbării

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  • Page: 54
  • Authors: Lect. univ. dr. Elena DOVAL

Structuri in-service training - colegiile universitare pentru institutori

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  • Page: 59
  • Authors: Cercetător Laura DUMBRĂVEANU - Institutul de Ştiinţe ale Educaţiei Bucureşti

Caracteristica de sistem de producţie a intreprinderii

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  • Page: 62
  • Authors: Conf. univ. dr. Gheorghe ILIE, Lect. univ. dr. Roxana ŞTEFĂNESCU

Impactul managementului intraprenorial asupra organizaţiilor din Romania

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  • Page: 67
  • Authors: Lect. univ. dr. Amedeo ISTOCESCU

Software pentru ordonarea multirang a componentelor unei colectivităţi

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  • Page: 78
  • Authors: Prof. univ. dr. inf. ec. Ion IVAN, Stud. Daniel MILODIN

Fundamentele metodologice ale cercetării culturii organizaţionale

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  • Page: 83
  • Authors: Lect. univ. dr. Marian NĂSTASE

Prognoza seriilor cronologice cu metode tradiţionale, econometrice şi modificările lor

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  • Page: 88
  • Authors: Prof. univ. dr. Ion PARTACHI - Academia de Studii Economice Chişinău

Studiu privind corelaţiile intre strategia calităţii, cultura de intreprindere şi excelenţa firmei industriale

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  • Page: 92
  • Authors: Cercetător ştiinţific principal Radu POPESCU - Institutul Naţional de Cercetări Economice (INCE), Centrul de Economia Industriei şi Serviciilor (CEIS)

Relatia intreprindere virtuală - universitate virtuală

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  • Page: 100
  • Authors: Prof. univ. dr. Camelia RAŢIU-SUCIU

Managementul strategic al firmei şi impactul prognozelor

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  • Page: 102
  • Authors: Lect. univ. dr. Roxana ŞTEFĂNESCU

Fundamentarea deciziei privind proiectele de investiţii in agricultură

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  • Page: 104
  • Authors: Drd. ing. Jonel V. SUBIC

Consideraţii generale privind auditul managementului

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  • Page: 107
  • Authors: Dr. Vasile ZECHERU

VARIA

Declaraţia Universală a drepturilor omului - 55 de ani de la adoptare

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  • Page: 117
  • Authors: Prof. univ. dr. Raisa RADU

Michel de Montaigne

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  • Page: 120
  • Authors: Prof. univ. dr. Raisa RADU

Apariţii editoriale

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  • Page: 122

FACULTATEA MANAGEMENT - PREZENT SI PERSPECTIVE

Catedra de tehnologie industrială - trecut şi prezent in Academia de Studii Economice Bucureşti

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  • Page: 4

Priorităţi tehnologice in economia romanească

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  • Page: 6
  • Authors: Prof. univ. dr. Sanda VIŞAN

MAPAMOND

Transnational corporations role in promoting the creation of middle class in China

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  • Page: 7
  • Authors: Hongyi BI - Associated Professor, Shaohui ZHANG - graduate student, Xiangsen CHEN - graduate student, Shandong Economic University - China

China - Economy in Transition

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  • Page: 14
  • Authors: Hongyi BI, Associate Professor - Shandong Economic University China

Mexico, mi amor sau despre lectură şi management in Mexic

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  • Page: 20
  • Authors: Lect. univ. drd. Amedeo ISTOCESCU

 MANAGEMENT

Consideraţii privind dezvoltarea tehnologiilor de valorificare a hidrocarburilor

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  • Page: 23
  • Authors: Prof. univ. dr. Anca ANGELESCU, Conf. univ. dr. Virginia CIOBOTARU, Prof. univ. dr. Ileana PONORAN, Universitatea Romano-Americană

Economia valorificării şi protecţiei resurselor de apă

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  • Page: 27
  • Authors: Prof. univ. dr. chim. Camelia Georgeta CĂLIN, Conf. univ. dr. ing. Ligia Florica BOTEZ

Calitate şi competitivitate la SC Romcif Lafarge SA - Targu-Jiu

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  • Page: 30
  • Authors: Prof. univ. dr. chim. Camelia Georgeta CĂLIN, Student Cătălin PAU

Managementul deşeurilor provenite din industria de pielărie - direcţii de valorificare a deşeurilor din industria de pielărie

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  • Page: 33
  • Authors: Gheorghe COAR - INCDTP Filiala ICPI Bucureşti, Margareta FLORESCU - INCDTP Filiala ICPI Bucureşti, Ioana DEMETRESCU - Universitatea "Politehnica" Bucureşti, Virginia CIOBOTARU - ASE Bucureşti

Indicatori statistici de mediu din perspectiva presiune-stare-răspuns

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  • Page: 38
  • Authors: Lect. univ. dr. Dana COLIBABĂ

Restructurarea economică şi ocuparea forţei de muncă

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  • Page: 44
  • Authors: Prof. univ. dr. Zizi GOSCHIN, Prof. univ. dr. Cornelia PARLOG

Utilizarea ecobalanţei pentru analiza impactului activităţii economice a intreprinderii asupra mediului

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  • Page: 47
  • Authors: Asit. univ. drd. Giani GRĂDINARU

Utilizarea roboţilor industriali la fabricarea autovehiculelor militare

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  • Page: 51
  • Authors: Şef lucrări dr. ing. Dănuţ GROSU - Academia Tehnică Militară

Marile oraşe intre locuire, poluare şi management (Beijing, Tokio, Ciudad de Mexico)

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  • Page: 55
  • Authors: Lect. univ. drd. Amedeo ISTOCESCU

Modele fuzzy pentru fundamentarea deciziilor multicriteriale

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  • Page: 57
  • Authors: Prof. univ. dr. Florica LUBAN

Elemente privind elaborarea unui model pentru evaluarea managementului calităţii intr-o intreprindere producătoare de automobile

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  • Page: 63
  • Authors: Prof. univ. dr. ing. Mitrea MINU - Academia Tehnică Militară

Influenþa contractului psihologic asupra culturii organizaþionale a firmei

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  • Page: 69
  • Authors: Asist. univ. dr. Marian NĂSTASE

Conservarea şi protecţia mediului in Romania

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  • Page: 73
  • Authors: Lect. univ. dr. Constantin OLTEANU

Managementul personalului şi managementul resurselor umane - asemănări şi deosebiri

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  • Page: 79
  • Authors: Lect. univ. dr. Doina ROŞCA - facultatea universitară din Craiova

Modele de training asistate de calculator

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  • Page: 83
  • Authors: Student Adrian SMARANDA - anul IV FABBV

Studiu de marketing privind lansarea pe piaţă a unui produs alimentar ecologic

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  • Page: 87
  • Authors: Lect. univ. dr. Mirela STOIAN

Nanotehnologiile

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  • Page: 90
  • Authors: Asist. supl. Elena Oana STOICA

Evaluarea sinergiei asocierii cunoştinţelor şi a capitalului

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  • Page: 94
  • Authors: Prof. univ. dr. Marcel STOICA, Lect. univ. dr. Elena DOVAL - Universitatea "Spiru Haret" Bucureşti

Standardizarea - strategie de penetrare a pieţei globale

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  • Page: 98
  • Authors: Lect. univ. dr. Adrian Dumitru TANŢĂU

Principiul reciclării

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  • Page: 100
  • Authors: Conf. univ. dr. Rodica TANŢĂU

Managementul deşeurilor provenite din industria de pielarie - biomateriale din deşeuri industriale de pielărie

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  • Page: 102
  • Authors: Dr. ing. Viorica TRANDAFIR (ICPI), Prof. univ. dr. Ioana DEMETRESCU (UPB), Prof. univ. dr. Sanda VIŞAN (ASE), Drd. Mădălina ALBU (ICPI)

 VARIA

Statele Unite ale Europei, intre istorie şi contemporaneitate

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  • Page: 104
  • Authors: Prof. univ. dr. Raisa RADU

Miron Costin - primul poet roman - 370 de ani de la naştere

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  • Page: 107
  • Authors: Prof. univ. dr. Raisa RADU

Apariţii editoriale

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  • Page: 109

FACULTATEA MANAGEMENT - PREZENT SI PERSPECTIVE

Din activitatea Centrului Naţional de Excelenţă pentru Studii de Management Comparat

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  • Page: 3
  • Authors: Asist. univ. drd. Marian NĂSTASE

Management şi performanţă economică

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  • Page: 7
  • Authors: Prof. univ. dr. Mihai PRICOP

 MAPAMOND

Scandinavia

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  • Page: 10
  • Authors: Lect. univ. drd. Amedeo ISTOCESCU

Tendinţele politicii regionale in conditiile globalizării

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  • Page: 13
  • Authors: Dr. Serafim URECHEANU

China's Private Economy - Development and Contributions

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  • Page: 17
  • Authors: Zhang GUOCHEN, Zhu HONGBING

Reform of Chinese Enterprises

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  • Page: 20
  • Authors: Prof. Hongyi BI

El factor liderazgo en el modelo EFQM de gestion de la calidad

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  • Page: 25
  • Authors: Prof. Antonio Natera PERAL

Guia de la negociacion sobre principios en la gestion publica una alternativa a los metodos tradicionales de negociacion

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  • Page: 33
  • Authors: Prof. Fco. Javier Ruiz MARTINEZ

Profilul politicilor de securitate internă

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  • Page: 38
  • Authors: Prof. Francisco J. Vanaclocha BELLVER

 MANAGEMENT

Efect de sinergie prin parteneriat in intreprinderea virtuală

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  • Page: 41
  • Authors: Prof. univ. dr. Camelia RAŢIU-SUCIU

Un nou concept de guvernare - e-government

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  • Page: 44
  • Authors: Lect. univ. dr. Sofia Elena COLESCA

Tehnologii informaţionale pentru modelarea lanţurilor de producţie - distribuţie

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  • Page: 48
  • Authors: Prof. univ. dr. Florica LUBAN

Gestiunea bugetară a producţiei - metoda de control şi reglare a activităţii intreprinderii

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  • Page: 55
  • Authors: Prof. univ. dr. Florica BADEA

Studiu comparativ asupra managementului firmelor din Germania şi Marea Britanie

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  • Page: 58
  • Authors: Conf. univ. dr. Armenia ANDRONICEANU

Cultura firmei in contextul intraprenorial

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  • Page: 62
  • Authors: Lect. univ. drd. Amedeo ISTOCESCU

Determinanţii culturii organizaţionale

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  • Page: 72
  • Authors: Asist. univ. drd. Marian NĂSTASE

Direcţii noi de perfecţionare a calculului goodwill-ului

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  • Page: 77
  • Authors: Prof. univ. dr. Marcel STOICA, Prof. univ. dr. Ion IONIŢĂ, Lect. univ. dr. Daniela HINCU

Managementul plasamentelor de capital in economia de piaţă

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  • Page: 82
  • Authors: Prof. univ. dr. Mihai BOTEZATU

Adoptarea deciziei de investiţii in sectorul energetic. Propunere metodologică

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  • Page: 85
  • Authors: Asist. univ. drd. Carmen Nadia ENE

Consideraţii generale privind eficienţa activităţii de invăţămant

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  • Page: 91
  • Authors: Asist. univ. drd. Claudiu CICEA

Aplicarea teoremei lui Bayes la evaluarea riscului in cadrul proiectelor de investiţii din agricultură

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  • Page: 99
  • Authors: Drd. ing. Jonel V. SUBIC

Evoluţia şi diagnosticul pieţei in domeniul sistemelor de alarmă

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  • Page: 104
  • Authors: Prof. univ. dr. chim. Camelia Georgeta CĂLIN, Conf. univ. dr. ing. Ligia Florica BOTEZ, Ec. Ema BIVOL, Stud. Alina MUSTAŢĂ

Deşeurile urbane

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  • Page: 109
  • Authors: Conf. univ. dr. ing. Ligia Florica BOTEZ, Prof. univ. dr. chim. Camelia Georgeta CĂLIN, Stud. Roxana Veronica CAZACU, Stud. Raluca FODOR, Stud. Roxana ŞERBAN

Îmbunătăţiri tehnologice şi de mediu

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  • Page: 114
  • Authors: Prof. univ. dr. ing. Georgeta CUCULEANU

 VARIA

Casa Capşa - 150 de ani de la infiinţare

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  • Page: 116
  • Authors: Prof. univ. dr. Raisa RADU

Caragiale, politolog - 150 de ani de la naştere

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  • Page: 119
  • Authors: Prof. univ. dr. Raisa RADU

Apariţii editoriale

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  • Page: 120

FACULTATEA MANAGEMENT - PREZENT SI PERSPECTIVE

Centrul Natioanal de Excelenta pentru Studii de Management Comparat (CNESMC)

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  • Page: 4

 MAPAMOND

Iniciativa Comunitaria Empleo-NOW (1995-2000)

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  • Page: 10
  • Authors: Prof. dr. Antonio NATERA, Prof. dr. Veronica VINAS

Simboluri culturale in spatiul european

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  • Page: 18
  • Authors: Lect. drd. Amedeo ISTOCESCU

 MANAGEMENT

Sinergia managementului realizarii contractelor economice si riscul asociat

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  • Page: 23
  • Authors: Prof. dr. Camelia RATIU-SUCIU, Prof. dr. Marcel STOICA, Prof. dr. Ioan RATIU-SUCIU

Tehnologii informationale pentru modelare

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  • Page: 27
  • Authors: Prof. dr. Florica LUBAN

Analiza sinergiei in cadrul programelor socio-economice finantate de Uniunea Europeana

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  • Page: 33
  • Authors: Asist. drd. Nadia Carmen ENE

Procesul de extindere a Uniunii Europene in domeniul agriculturii. Instrumente tehnico-financiare de pre-aderare

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  • Page: 38
  • Authors: Ec. ing. drd. Jonel V. SUBIC

Modalitati de manifestare a culturii organizationale

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  • Page: 41
  • Authors: Asist. drd. Marian NASTASE

Elaborarea manualului de proceduri pentru managementul proiectelor

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  • Page: 44
  • Authors: Lect. drd. Doru CURTEANU

Consideratii privind utilizarea resurselor energetice in viziunea Protocolului de la Kyoto

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  • Page: 49
  • Authors: Prof. dr. Anca ANGELESCU, Conf. dr. Virginia CIOBOTARU

Progres si dezvoltare in domeniul energetic

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  • Page: 53
  • Authors: Prof.dr.Camelia Georgeta CALIN, CONF.DR.Florica LIGIA BOTEZ, STUD. CRISTINA VASILE DIMA, STUD. LUCIAN CATALIN TURCU

Tehnologii energetice care micsoreaza emisia gazelor cu efect de sera

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  • Page: 57
  • Authors: Prof. dr. Georgeta CUCULEANU

Reducerea impactului traficului rutier asupra calitatii mediului inconjurator

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  • Page: 61
  • Authors: Prof. dr. Sanda VISAN, Ec. Simona DIACONU

Dinamica diversificarii produselor in cadrul S.C. Arctic S.A.

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  • Page: 63
  • Authors: Prof.dr.Camelia Georgeta CALIN, Conf.dr.Florica Ligia BOTEZ, Stud. Daniela MUSAT

Restrictii pe piata de furnizare a iutei

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  • Page: 68
  • Authors: Lect. drd. Tatiana SEGAl

Asigurarile in Romania. Evolutie si performante

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  • Page: 72
  • Authors: Ec.drd. Valentin CIOBOTARU, Prep. Irina-Mariuca GHEORGHITA

Internetul si asigurarile inline

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  • Page: 80
  • Authors: Prep. Irina-Mariuca GHEORGHITA, Ec.drd. Valentin CIOBOTARU

Modelul Top-Down de analiza, proiectare si implementare retelelor de calulatoare

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  • Page: 83
  • Authors: Ec. drd. Ion MUDREAC

VARIA 

Max Weber si spiritul capitalismului

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  • Page: 90
  • Authors: Prof. dr. Raisa RADU

Facultatea Management - Prezent si perspective

Facultatea Management - Prezent si perspective

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  • Page: 4

MAPAMOND

Japonia

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  • Page: 8
  • Authors: Lect. univ. dr. Armenia ANDRONICEANU

Managementul chinez

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  • Page: 10
  • Authors: Lector univ. drd. Amedeo ISTOCESCU

  MANAGEMENT

Funcţia publică spaniolă

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  • Page: 14
  • Authors: Conf. univ. dr. Alexandrina DEACONU

Globalizarea la inceput de mileniu

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  • Page: 16
  • Authors: Prof. univ. dr. Mihai PRICOP, Lector univ. drd. Adrian TANTAU

Credibilitatea modelului de simulare şi posibila intervenţie a managerului

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  • Page: 19
  • Authors: Prof. univ. dr. Camelia RATIU-SUCIU

Metoda de reducere a blocajului financiar

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  • Page: 25
  • Authors: Ing. Nicolae POPOVICI, Dr. ec. Filip POPOVICI, Prof. univ. dr. Victor RADU

Politica monetară şi instituţiile bancare din Canada care participă la realizarea ei

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  • Page: 33
  • Authors: Lector univ. drd. Roxana STEFANESCU

Dezvoltarea durabilă şi efectele sale asupra mediului construit

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  • Page: 35
  • Authors: Conf. univ. dr. ing. Constantin GHIGA

Agricultura ca factor al creşterii economice

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  • Page: 37
  • Authors: Drd. ing. Jonel V. SUBIC

Elemente privind dinamica automatizării industriale şi a creşterii performanţelor de flexibilitate şi de progres tehnologic

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  • Page: 44
  • Authors: Prof. univ. dr. Camelia Georgeta CĂLIN, Stud. Mihaela BILEA

Stabilirea programului de producţie prin simulare şi analiza de senzitivitate a soluţiei

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  • Page: 49
  • Authors: Asist. univ. drd. Nadia Carmen ENE

Tehnologii industriale care reduc emisia de gaze cu efect de seră

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  • Page: 51
  • Authors: Prof. univ. dr. Georgeta CUCULEANU

Managementul cunoştinţelor

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  • Page: 53
  • Authors: Prof. univ. dr. Florica LUBAN, Ec. George BREAZU

Internetul, un nou concept care ne va afecta modul in care facem afaceri

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  • Page: 57
  • Authors: Drd. Ion MUDREAC

Activităţile specifice funcţiei de personal

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  • Page: 60
  • Authors: Conf. univ. dr. Delia OLARU

Reeingineering-ul intreprinderii, inovare in domeniul conducerii intreprinderii, o necesitate in contextul mondial actual

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  • Page: 63
  • Authors: Prof. univ. dr. Camelia Georgeta CALIN, Stud. Laurentiu Gabriel ALDEA

VARIA 

Alexis de Tocqueville

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  • Page: 67
  • Authors: Conf. univ. dr. Raisa RADU

  RECENZII

Managementul sistemelor dinamice

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  • Page: 69
  • Authors: Prof. univ. dr. Marcel STOICA

Sisteme, metode şi tehnici manageriale ale organizaţiei

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  • Page: 72
  • Authors: Lector univ. drd. Amedeo ISTOCESCU

Apariţii editoriale

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  • Page: 74
The Bucharest University of Economic Studies (ASE)
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