Conferenza e Edizioni

AHEAD OF PRINT

Volume 16 (2022): Edizione 1 (August 2022)

Volume 15 (2021): Edizione 1 (December 2021)

Volume 14 (2020): Edizione 1 (July 2020)

Volume 13 (2019): Edizione 1 (May 2019)

Volume 12 (2018): Edizione 1 (May 2018)

Volume 11 (2017): Edizione 1 (July 2017)

Conferenza Dettagli
Formato
Conferenza
eISSN
2558-9652
Pubblicato per la prima volta
15 Dec 2017
Periodo di pubblicazione
1 volta all'anno
Lingue
Inglese

Cerca

Volume 14 (2020): Edizione 1 (July 2020)

Conferenza Dettagli
Formato
Conferenza
eISSN
2558-9652
Pubblicato per la prima volta
15 Dec 2017
Periodo di pubblicazione
1 volta all'anno
Lingue
Inglese

Cerca

116 Articoli
Accesso libero

Preface

Pubblicato online: 27 Jul 2020
Pagine: i - ii

Astratto

Accesso libero

Key factors affecting disposal of radioactive waste in the sustainable development approach

Pubblicato online: 27 Jul 2020
Pagine: 1 - 15

Astratto

Abstract

The radioactive waste disposal is a well investigated issue worldwide because of its importance for a safe and sustainable use of nuclear energy. Such waste is subject to final storage in deep geological disposals. Many factors have a direct contribution to the success of such innovative facility. The objective of the study is to identify the principal factors which contribute to the radioactive waste location. Factors that influence public acceptance are recognized and emphasized in the paper. The methodology is based on a questionnaire for empirical data obtaining and interviews with a selected group of experts to explore the insights of a disputed topic. The study reveals the quantitative analysis of the key factors as well-established contributors for understanding how and where to construct a radioactive waste facility. General information about the respondents was considered, as well as the possibility and the level of cooperation with stakeholders, the degree of information and the motivation of the given benefits as important influential factors over location and construction of a radioactive waste disposal. Overall, the study has shown that various factors influence the general public attitude, and this aspect leads to a direct influence on the location and construction of such a facility. The novelty of the research consists in key factors investigation that specially influence the location and the construction of a radioactive waste disposal, especially because the available literature studies in this area are not so strong developed yet.

Parole chiave

  • radioactive waste
  • sustainable development
  • disposal
  • key factors
  • radioactive waste management
  • public acceptance
  • perceived risk
  • nuclear energy
Accesso libero

Energy Trading Perspectives in the Digital Era

Pubblicato online: 27 Jul 2020
Pagine: 16 - 27

Astratto

Abstract

The aim of the paper research is to identify and improve business models in energy trading by analyzing the current situation and developing scenarios for the evolution of business models in the Digital Era. It is very important to analyze, identify and track those directions that we believe will drive energy trading in order to be able to design and create new sustainable business models. We highlight the possibilities and ways of improving the energy trading, analyzing the rapid evolution of the field, generated by the emergence of several new factors that can influence this industry. Beside those directions at which electricity trading is heading in the Digital Era, the research also describes main innovations in the field such as Smart Grids, Blockchain Technology, Peer-to-peer trading platforms and Demand Response through which the purpose is to attract final consumers to the energy trading on web platforms or mobile applications with which they can properly control their electric appliances and self-generation units in their homes, all these supervised and guided by artificial intelligence. The type of research proposed to identify the current condition and to be able to develop new trading models is empirical research through qualitative analysis. Beyond incentives and monetary benefits, the focus is on final consumer education and increased awareness towards a more conscious, optimal and rational consumption of electricity that can lead to both a better use of the energy production from renewable sources and a reduction of pollutant fossil fuel electricity generation and carbon dioxide emissions without endangering the proper functioning of the electricity systems. Previous researches are based more on incentivizing or penalizing end consumers in present paper, more emphasis is placed on attracting the end consumer to his own electricity trading through mentioned innovation, but also supervised and guided by artificial intelligence.

Parole chiave

  • energy trading
  • demand response (DR)
  • smart grid
  • peer-to-peer (P2P)
  • blockchain
  • artificial intelligence
Accesso libero

Comparative study on quality assurance for mandatory energy audits in Romania and Germany

Pubblicato online: 27 Jul 2020
Pagine: 28 - 39

Astratto

Abstract

The commitment to an activity always requires the assurance of the quality of the result. Article 8 of the Energy Efficiency Directive 2012/27/UE of the European Parliament (EED) requires large companies in all member states to carry out an energy audit at least every four years. An energy audit follows the standard EN-16247-1, but this standard does not take into account a possible reluctance of the company carrying out the audit and thus compliance with a minimum qualitative standard. The various national implementations therefore define further rules for carrying out these audits. In Romania, Article 8 of the EED was implemented in the National Energy Efficiency Action Plan (NEEAP). The coordinating authority for the energy audits is the Autoritatea Nationala de Reglementare în domeniul Energiei (ANRE). In Germany, the Erneuerbare Energien Gesetz (EEG) was created for this purpose, with the Bundesamtes für Wirtschaft und Ausfuhrkontrolle (BAFA) being responsible for coordination. This study compares the differences in the respective regulations. In a comparative review, we analyze the national rules that companies in Romania and Germany have to follow when carrying out audits. Factors such as minimum sizes, balance sheet limits, calculation of measures, qualification of the auditor and also sanctions in the event of violation of the audit obligation are compared. This is intended to enable conclusions to be drawn as to whether there are differences in the requirements and minimum quality of energy audits in different countries and what influence the mandatory audit has on companies.

Parole chiave

  • Energy audits
  • audit quality
  • mandatory audits
  • voluntary audits
Accesso libero

Public policies in the First District of Bucharest - Sustainable solutions for increasing energy efficiency

Pubblicato online: 27 Jul 2020
Pagine: 40 - 49

Astratto

Abstract

The paper represents an analysis of the public policies implemented in the First District of Bucharest related to the energy efficiency. Energy represents a strategic factor for the socio-economic development of Romania and finding the best solutions for increasing energy efficiency will contribute to the objectives for durability and competitiveness in the European Union. The importance of the theme is given by the requirement of the European Union through Energy Efficiency Directive that require member states to set up plans at every three years and evaluate the progress towards energy efficiency annually. Also, for the next period, 2021-2030, all member states must elaborate the 10-year integrated national energy and climate plan (NECP), presenting the solutions in order to meet the different targets for 2030, including energy efficiency. The objective of the article is to find the best solutions for increasing the energy efficiency, having as case study the 1-st District of Bucharest. The author is presenting three solutions, as follows: multistorey thermal rehabilitation, domestic elevators modernization, individual houses thermal rehabilitation. The impact of the solutions presented in the paper are the following: decrease of energy consumption, decrease of CO2 emissions, safety increase.

Parole chiave

  • public policies
  • energy efficiency
  • thermal rehabilitation
Accesso libero

Sensitive bioindicator plants studies, under the environmental conditions of climate change impact

Pubblicato online: 27 Jul 2020
Pagine: 50 - 58

Astratto

Abstract

Air pollution is a serious problem in many heavily populated and industrialized areas in the world. It affects vegetation, and also human health. The diversification of emission sources, among them vehicles, industrial processes, waste burnings and fuel storage, creates zones with different species and concentrations of air pollutants. In this paper was studied the excessive accumulation of toxic metals such as Al, Cr, Ni, Zn, Pb in vegetation as a risk factor for ecosystem and also for human health. The purpose of the study was to establish an optimal method of determination for toxic elements accumulation in leaves, using Inductively Coupled Plasma Mass Spectrometry (ICP-MS). These results made to suppose that, visible and analyzed responses of in in-situ exposed bio monitors compared with heavy metal accumulation depended on the atmospheric situation during the period of exposure, which could assess the efficiency of biomonitoring programs in the region. The advantage of this study consists in new and appropriate approach using a friendly methodology for air monitoring and favoring the development of a circular and sustainable economy.

Parole chiave

  • climate change impact
  • air pollution
  • heavy metals
  • bio indicators
  • sustainable economy
Accesso libero

Analysis of the correlation between the Gross Domestic Product and the final consumption of electricity

Pubblicato online: 27 Jul 2020
Pagine: 59 - 73

Astratto

Abstract

While the economy has shown clear signs of recovery, in quantitative terms, after the moment of the global crisis, energy production has returned to the level before the crisis, only since 2011. In this context, this paperwork aims to carry out an analysis on the existence of a correlation between the Gross Domestic Product registered in Romania and the final annual consumption of electricity. The databases used involve the data recorded for the period 2000-2018. Over time, in the specialty literature, there have been two approaches regarding the link between the economic growth and the energy consumption, respectively an approach starts from the idea that in order for economic growth to occur, energy consumption must increase, and another promotes the idea that economic growth can reduce energy consumption, by applying energy efficiency measures. To perform the analysis, a simple linear regression model was initially used in which we considered the Gross Domestic Product as a dependent variable and the Electricity Consumption as an explanatory factor (independent variable). Subsequently, analysing the results, a quadratic linear regression model was used to test the hypothesis of a more complex link between the two indicators. Following the tests performed on the two chosen variables, the Gross Domestic Product of Romania and the Final Electricity Consumption, can be argued that the energy intensity of the economy increases as economic growth reaches a certain threshold. After that threshold, economic growth is associated with the relative decrease in energy consumption.

Parole chiave

  • Energy consumption
  • GDP
  • econometric analysis
  • correlations
Accesso libero

Discussing the potential of using submersive water pumps powered by photovoltaic panels in agriculture and the alternative use for the supply of households in Romania

Pubblicato online: 27 Jul 2020
Pagine: 74 - 82

Astratto

Abstract

According to the current leadership of the EU Parliament, the use of renewable energy should not only represent a condition for emission reduction as an ecological demand, but also an opportunity to modernize the European economy and insure the sustainable development of the member countries. In this context, the aim of the current paper is to analyze the potential of using photovoltaic panels to power the water pumps utilized in both agriculture and supply of households in Romania and what the resulting impact would be from the ecological standpoint, as well as the economic and social one. The impact assessment follows the guideline proposed by the European House Ambrosetti latest publication regarding the socioeconomic impacts of the energy transition in Europe, but proposes a granular approach rather than a global one. The literature review of the existing publications presents an overview of the conclusions reached so far regarding water pumps powered by photovoltaic energy used for different purposes, such as the environmental and economic benefits of heat pump water heaters which are powered by photovoltaic energy or the performance comparison between photovoltaic heating systems and traditional ones. The current paper has the purpose of answering whether the utilization of photovoltaic powered water pumps in agriculture in Romania could bring economic and ecological benefits which would outweigh the costs and also, if this is the case, if there are also social benefits to be considered which would result in the use of this technology for households as well. The conclusions reach through this paper show the benefits of using the above mentioned technology for industrial purposes and its alternative potential for households. The contribution is to both the research field of renewable energy and its uses and to the policymakers to encourage investment in this direction.

Parole chiave

  • water pump
  • renewable energy
  • agriculture
  • impact
  • policymakers
Accesso libero

Bioeconomy’s sectors and strategies in Central and Eastern European countries. A literature review

Pubblicato online: 27 Jul 2020
Pagine: 83 - 90

Astratto

Abstract

This paper aims to identify and review the most important and topical scientific papers that deal with the strategies that the countries of Central and Eastern Europe apply in the bioeconomic field. In the context of a special attention paid to this sector by the policymakers, seen through the adoption of The Bioeconomy Strategy, in 2012, by the European Union and updated in 2018, it is natural to ask what is the current state of knowledge in this field? This paper treats with the sectors enclosed in this field, from agriculture to biofuels and from paper production to biopharmaceuticals, based on the scientific literature underpinnings, given that this development sector is an emerging one and the ampleness of the scientific works being limited. The methodology of this paper comprises the literature review of the main results obtained this far, in order to accomplish the foundation for further research.

Parole chiave

  • bioeconomy
  • Central and Eastern European countries
  • sectors
  • strategies
Accesso libero

Innovation capability assessment tools in social enterprises

Pubblicato online: 27 Jul 2020
Pagine: 91 - 101

Astratto

Abstract

Innovation is among the pursuits of any modern organization nowadays, constituting the core of collective progress and of competitive advantage. The global rising tendency in competitiveness urges companies, public institutions and other community actors to adhere to this naturally evolutionary pattern that occurs in any kind of system. To achieve welfare in a context of continuous changes, an organization has to make sure that its processes are perfectly aligned to its mission. Additionally, having a clear picture on its innovation capability, meaning the ability of producing a valuable output by transforming internal collective knowledge, enables it to follow the road to success. In the case of traditional enterprises, which pursue profit accumulation, evaluating the innovation capability is done on the basis of clearly defined instruments, but when referring to social enterprises, a variety of factors come in place and make the evaluation more difficult. The scarce current research done concerning the assessment of innovation capability for social enterprises makes this topic meaningful to be explored, so their societal purpose can be better delivered. Thus, the aim of the paper is to formulate a framework for determining the innovation capability of Romanian social enterprises by building on the good practices reflected by innovation projects in the social field, funded through the Horizon 2020 programme at EU scale. The research methodology resides on two pillars. In the first place, it contains literature review on the concepts of innovation, social innovation, innovation capability and the instruments used to assess it. Secondly, it brings together the exemplary undertakings of multiple social innovation projects delivered through the Horizon 2020 programme and concentrated into online reports, accessible through its website.

Parole chiave

  • innovation
  • innovation capability
  • social innovation
  • innovation assessment
  • tools
  • social enterprises
  • Romania
Accesso libero

The influence of strategic agility on firm performance

Pubblicato online: 27 Jul 2020
Pagine: 102 - 110

Astratto

Abstract

The business environment is becoming more dynamic, reaching new milestones driven by technology and innnovation. As companies are transforming, the competition in the IT sector is increasing. This is translated into uncertainty and a higher focus on setting the right strategic direction of the company. The IT sector has been a driver of change and innovation for the economy. It is on a continous exponential trend, setting new directions for the business environment. Given so, the literature highlights the importance of strategic agility as a tool of increased firm performance and improved results. The current paper points out how strategic agility is influencing the peformance of a company. To outline the findings of the paper, the author uses a quantitative and qualitative analysis. Based on the literature we focus on understanding on the connection between strategic agility, transformation and firm peformance. The author will perform a statistical analysis based on collected primary data. To capture the opinion of the respondents, the author has created a survey and shared it with IT professionals who are part of IT organizations in Romania. Their responses will be analyzed and transposed into a regression model. As a result, the paper will help us bridge the literature with a real-case analysis applied on the IT sector in Romania. The outcome of the paper might serve as a reference for those who want to invest in the Romanian IT sector or who want to open-up an IT company in Romania.

Parole chiave

  • strategic agility
  • IT sector
  • Romania
  • firm performance
  • transformation
Accesso libero

Determinants of entrepreneurial intentions: the case of Southern Romania

Pubblicato online: 27 Jul 2020
Pagine: 111 - 123

Astratto

Abstract

The study of entrepreneurial intentions has become a topic of interest in the last decades. As most of the decisions to launch a new firm are assumed to be planned for some time, it means that they are preceded by an intention to do so. Thus, identifying and analyzing the factors that influence the entrepreneurial intention represents a key issue in the entrepreneurship research. A review of the scientific literature shows that the determinants of entrepreneurial intentions are to be found in both the psychological approach and the behavioral approach. The psychological approach stresses the importance of various factors such as the locus of control, the propensity to take risk, the self-confidence, the need for achievement, or the innovativeness. On its turn, the behavioral approach puts accent on other elements such as the subjective norms or the personal attitude. The purpose of the paper is to identify and analyze the determinants of entrepreneurial intentions in the case of the Romanian entrepreneurs located in the Southern part of the country. In this respect, it takes into account several factors such as gender, experience or propensity towards risk. The methodological approach was based on a quantitative research method. The method of data collection was a survey by self-administered questionnaire. The paper illustrates the existence of various correlations between the above factors and the entrepreneurial intentions. It contributes to the enrichment of the scientific literature by emphasizing the role played by some of the main determinants of entrepreneurial intentions in the developing of entrepreneurship in Southern Romania.

Parole chiave

  • entrepreneurial intentions
  • entrepreneurs
  • entrepreneurship
  • gender
  • business
  • Romania
Accesso libero

Infrastructure free indoor positioning system

Pubblicato online: 27 Jul 2020
Pagine: 124 - 133

Astratto

Abstract

Latest technological advancement uncovered new social and entrepreneurial opportunities in fields like civil engineering and facility management. While most outdoor location challenges have been addressed in the past few years, with declassified military technologies such as Motion Imagery Standards Board and North Atlantic Treaty Organization Digital Motion Imagery Standard being integrated into solutions that enhance real-time emulation of surveillance video streams over digital maps, there is plenty of room for innovation when indoor location is considered. The market associated to indoor positioning is expected to significantly grow in the following decade since people spend more and more time indoors and promising advantages of such technologies have been identified in healthcare, retail, logistics and leisure. Yet, conventional indoor positioning systems mostly rely on costly and difficult to maintain infrastructure. Discordantly, the hereby paper is introducing an infrastructure free indoor positioning web application designed for routing people inside facilities and building evacuation scenarios. The proposed architecture is independent on external hardware or beacons, relying on a generic sensors framework that exposes the underlying capabilities of a mobile phone for data collection and internet connection for assessing current location and providing guidance in respect with an already known topography. Therefore, this design might be easily extended to various facilities, individualizing through no initial costs for sensors deployment and light resource consumption for the user, since data is not processed on a native application. Such flexibility is considered to optimize the navigation inside large public places and reduce the time required to find products, people or shops, offering the users more time for what matters.

Parole chiave

  • indoor location
  • infrastructure free positioning
  • web application
  • routing
  • facility management
Accesso libero

The role of European funds in developing and sustaining rural entrepreneurship in Romania

Pubblicato online: 27 Jul 2020
Pagine: 134 - 148

Astratto

Abstract

With the integration into the European Union (EU) in 2007, growth opportunities have arisen for Romania. In terms of rural area and agriculture, National Rural Development Programs (NRDPs) are implemented, through which funds are granted from the European Union and the Government of Romania, for the economic and social development of the rural area. In this context, entrepreneurial initiatives for rural development have been encouraged, and many SMEs were given the opportunity to be eligible for European funding. The NRDP 2014-2020 continues the efforts for rural development, through strategic objectives, allowing entrepreneurs to implement their business ideas and sustain the development of the rural communities. The paper aims to analyze how the European funding influences the development of rural entrepreneurship in Romania. The study will comprise an analysis of the existing results of the NRDP 2014-2020, referring to annual evaluation indicators of the project implementation (number of jobs created in supported projects, percentage of rural population targeted by local development strategies, etc.). The methodology focuses on interpretation of the latest statistical data from trusted sources, as well as analysis of the official documents and reports (e.g. NRDP 2014-2020 annual report). This paper will contribute with accurate results and discussions concerning the role of EU funds for the rural communities. Also, the study will describe some of the challenges that Romanian rural entrepreneurship still faces after implementation of European funding programs and unresolved issues.

Parole chiave

  • European funding
  • NRDP
  • beneficiaries
  • rural entrepreneurship
  • rural development
Accesso libero

Innovation indicators in the context of Romanian SMEs: A research agenda

Pubblicato online: 27 Jul 2020
Pagine: 149 - 158

Astratto

Abstract

The purpose of this paper is to present an overview of the theoretical connection between key terms such as innovation indicators and entrepreneurship, highlighting the main trends of innovative activities and practices in the context of Romanian small and medium enterprises. Innovation management has gained an increased interest nowadays since it provides tools for creating competitive advantage and economic growth for enterprises. In this sense, at global and European Union level, innovation indicators have been identified in order to measure the efficiency of innovation. In addition, innovation and entrepreneurship have been connected by scholars, since their application provides business opportunities. Starting from the Europe 2020 Strategy that has innovation as a pillar for reaching economic growth, the present study provides a descriptive analysis of the Regional Innovation Scoreboard 2019 report, followed by a comparative analysis of the European Innovation Scoreboard reports published in the last 5 years. The present paper contributes to the existing knowledge regarding the actual application of innovation indicators in Romanian SMEs. The paper provides an answer to the research questions, which focus on depicting what are the exact innovation indicators that characterize the activities of Romanian SME and what are the trends and weaknesses in the actual business environment in terms of innovative endeavors. This paper provides some recommendations in terms of improvement of innovative efforts for the enterprises that operate in the Romanian market.

Parole chiave

  • innovation management
  • innovation indicators
  • entrepreneurship
  • SMEs (small and medium enterprises)
Accesso libero

The most innovative lean practices deployed in transportation and their effects on the financial and operational performance

Pubblicato online: 27 Jul 2020
Pagine: 159 - 169

Astratto

Abstract

The new lean paradigm defines the necessary management tools and techniques that create more value for the customers using lean resources. By reducing the non-value activities in one hand, and emphasizing on continuous improvement on the other hand, the lean practices implemented open the path for superior level of financial and operational performance. The purpose of this paper is to highlighting the strong correlation between the combination of the TQM, JIT, TMS, TPM and RFID as the most important lean practices employed by the transportation companies surveyed and its financial and operational performance. The correlation between the lean practices deployed within the transportation companies analyzed and their financial or operational performance has been established due to applying the SPSS quantitative methods, factor analysis and linear regression.

Parole chiave

  • lean practices
  • TQM
  • JIT
  • TMS
  • TPM
  • RFID
  • operational performance
  • financial performance
  • order management
  • shipping/delivery management
  • on-road management
Accesso libero

The need for rethinking the model of assessing value in the digital economy context

Pubblicato online: 27 Jul 2020
Pagine: 170 - 181

Astratto

Abstract

In recent years, companies have begun to promote an economy based on knowledge and information, characterized by rapid economic changes, so the production of tangible goods has no longer been the main source of value, this being replaced by the creation and management of intangible assets, which are often not reflected in the accounting documents at the real market value because of the restrictive criteria for accounting valuation and recognition. Nowadays, the economy is based mainly on intangible assets and therefore they must be recognized in the financial statements of the companies, so that the shareholders and the investors have a clearer picture of company value. This paper aims to propose a model that can analyze the effects of intellectual capital and subcomponents of intangible assets on company value and the sustainable growth of firms listed on the Bucharest Stock Exchange. Until now, it is unknown which kind of sub-components of intangible assets make firms listed at Bucharest Stock Exchange to have sustainable growth or are more useful to enhance firm value. The proposed model includes data referring to intellectual capital, computerized information, innovative property, economic competences and VEKTOR index, which was developed by the Romanian Investor Relations Association so that the shareholders and the investors have a clearer picture of company when it comes to Relationship with Investors, Corporate Governance, Proactive Approach in IR, Interactive IR Instruments, Coverage by Financial Analysts and Sustainability.

Parole chiave

  • Intangible assets
  • Sustainable growth rate
  • Firm value
  • VEKTOR
  • Bucharest Stock Exchange
Accesso libero

Risk management in corporate governance

Pubblicato online: 27 Jul 2020
Pagine: 182 - 201

Astratto

Abstract

In this paper I want to present the place and role of risk management within an organization in corporate governance. Thus, the risk management of an organization consists of defining the risk, identifying and evaluating the impact and probability of materialization and, subsequently, establishing appropriate ways to manage the significant risks. According to some authors, the risk management of an organization is among the newcomers in the context of the concept of corporate governance, which brings a holistic perspective, as an integrating factor of the parts of a whole, which is the organization. At the same time, it can be emphasized that, according to the standards regarding strategic risk management, risk management should become an integrated part of the way any organization works; and in other ideas, being the basis of management approaches, it should not be separated from the daily activities of any organization. In corporate governance, in any entity, risk management is necessary because both in the company and in the environment in which it operates, there are uncertainties about the nature of the threats in achieving the objectives, or the nature of the opportunities. Any manager must pose the problem of managing the threats, because, otherwise, not reaching their objectives, they would be disqualified, or to take advantage of the opportunities for the benefit of the organization, proving their efficiency. If uncertainty is an everyday reality, then the reaction to uncertainty must become a permanent concern.

Parole chiave

  • risk
  • risk management
  • corporate governance
  • organization
  • uncertainties
Accesso libero

Insights on the impact of telecommunication companies on the environment

Pubblicato online: 27 Jul 2020
Pagine: 202 - 213

Astratto

Abstract

To perform their business operations, telecommunication companies need to consume energy. This paper aims to analyze and compare the energy consumption and their greenhouse gas emissions for there of the biggest telecommunication companies: Vodafone, Orange and Telekom. Although the scientific literature proposed some analysis on the environmental measures that the telecommunication companies have to take, there is a shortage of researchers focused on GRI reporting data and the pairwise comparison method. The authors compared these telecommunication companies’ emissions under the following criteria: energy consumption (GRI 302-1), scope 1 (GRI 305-1), scope 2 (GRI 305-2) and scope 3 (GRI 305-3) greenhouse gas emissions, reduction of emissions (GRI 305-5), using the pairwise comparison method. To reduce their emissions, companies developed a sustainability strategy. This paper will further emphasize what are the plans to reduce emissions for the company which, following the analysis, pollutes the most. To provide an overview of the future of the company which, by the analysis, pollutes the most, the authors have identified and analyzed what are the main actions that the company should take to reduce their impact on the environment. To do so, the authors firstly analyze the causes of the pollution produced by the telecommunication company using Ishikawa diagram. Then, it identifies what are the main organizational processes that can be improved using APQC standardization, to show that the improvement can be made if the organization adjusts their organizational processes. This paper is an enhancement to the studies form the field because it provides a comparative analysis on three of the most competitive telecommunication companies in the world, uses GRI criteria and pairwise comparison method and gives an overview on the next steps for the telecommunication company to reduce their greenhouse gas emissions.

Parole chiave

  • sustainability
  • telecommunication
  • environment
  • greenhouse gases
  • energy
Accesso libero

Blockchain – the accounting perspective

Pubblicato online: 27 Jul 2020
Pagine: 214 - 224

Astratto

Abstract

Blockchain remains still an experimental technology, with current applications addressing only some elements of small-scale projects. Once the technology matures however, it has the potential to transform industries and even the economy, as it begins to integrate complementary technologies such as AI and IoT. It has the potential to bring fundamental changes to financial accounting and auditing, and even to entire financial markets. This paper explores the potential for blockchain applications in accounting, identifying major benefits and shortcomings, and analysing opportunities and possible threats. We investigate mainly the organizational challenges raised by an accounting blockchain systems and its potential to enhance the accounting activity. We discuss blockchain’s potentially disruptive effect on the accounting profession, and conversely, the potential role of this professions in further developing blockchain technology.

Parole chiave

  • Blockchain
  • Accounting
  • Decentralization
  • Trust
  • Smart contracts
  • Security
Accesso libero

Does the shareholder salience influence the corporate social responsibility of entities from energy sector?

Pubblicato online: 27 Jul 2020
Pagine: 225 - 235

Astratto

Abstract

The stakeholder salience framework has become, over the past two decades, a tool often used to identify, asses and prioritize stakeholders and has demonstrated considerable theoretical and managerial implications. The objective of this paper is to determine to what extent stakeholder salience influences how different stakeholder categories are represented in the sustainability reports of entities from energy sector. In this respect, an interpretative content-based analysis of the social and environmental information disclosed by entities is used. The sample encompasses six energy entities that are comprised of Dow Jones Sustainability Europe Index (DJSI) constituent’s list on September 19, 2016. The results highlight that stakeholders who hold power have a high score of salience, being followed by those who possess legitimacy and then by those who possess urgency. The obtained results suggest the need to continue to focus on the normative theory of the stakeholders. The results also highlight that there is a link between the stakeholder salience, on the one hand, and the number and type of attributes held by each category of stakeholders, on the other hand. Stakeholders who hold power have a high score of salience, being followed by those who possess legitimacy and by those who possess urgency.

Parole chiave

  • stakeholder salience
  • energy sector
  • stakeholders
  • sustainability reporting
  • stakeholder claims
  • power
Accesso libero

Green Bonds: Between economic incentives and eco-change

Pubblicato online: 27 Jul 2020
Pagine: 236 - 245

Astratto

Abstract

As the investor base committed to financing sustainable companies in an attempt to combat the climate crisis expands, green financial products have become more attractive to issuers, corporate and sovereign alike. As a result, the EU is attempting to create favourable market conditions which mobilise the allocation of private capital for investments that reduce the contribution to climate change. As part of the EU Commission’s Action Plan for Sustainable Finance, it intends to create Green Bond Standards which aim to support the transition to greener securities investments. As a foundation, we provide an overview of the green bond market development. We then consider investment challenges such as incentivisation and transparency and discuss whether the Green Bond Standards shall likely resolve these issues. Furthermore, we confer that enforceability of current green securities regulations is weak to non-existent and propose possible policy approaches which address these issues.

Parole chiave

  • green bonds
  • EU Commission
  • sustainable finance
  • climate change
Accesso libero

Study regarding the return of retirement pension plans and programs in Romania

Pubblicato online: 27 Jul 2020
Pagine: 246 - 255

Astratto

Abstract

Quite often, people ask questions about the size of their retirement funds, nevertheless, demographic changes are fueling an existing insecurity. Thereby, in the actual context, it is necessary to analyze the current retirement system in order to be able to provide reliable solutions in the future. The objective of the research is to elaborate an econometric analysis based on the information available for Pillar II of retirement pensions for each fund apart, but also at the market level. The mandatory private funds of Pillar II are managed by companies existing on the Romanian market. The study aims to analyze the causal relationship between the size of the fund, analyzed through the size of the total net assets, and its profitability. The research method consists in testing the connection between the two variables through a linear regression at the market and individual level, in terms of each fund. The results of the research will complete the already existing researches and, moreover, it will provide an updated base in order to evaluate the previsions regarding the investments made from these funds and act accordingly to increase the benefits that employees receive during their retirement age.

Parole chiave

  • retirement pension fund
  • return on retirement pension fund
  • size of total net assets
  • econometric analysis
Accesso libero

IFRS implementation in Romania. Insights from a professional’s perspective

Pubblicato online: 27 Jul 2020
Pagine: 256 - 262

Astratto

Abstract

The widespread adoption of the International Financial Reporting Standards (IFRS), by many countries around the world, tries to achieve a greater level of transparency in the reporting area. The research analyses the vision of audit professionals, from an emerging economy, of the implementation of the International Financial Reporting Standards. The paper aims to highlight the challenges and benefits of applying the standards from a professional’s perspective. We try to achieve this insight by applying a questionnaire to audit professionals employed in audit firms from the BIG4 group in Romania.

Parole chiave

  • IFRS
  • audit
  • audit professionals
  • emerging economy
Accesso libero

Business Strategy during Crisis

Pubblicato online: 27 Jul 2020
Pagine: 263 - 272

Astratto

Abstract

Drawing from a body of strategic management literature, we explore the approaches proposed by theory and available to business decision makers during crisis. We argue that there is no real theory of success of management during crisis but only broad principles that should be followed. In a certain sense, experience and intuition – what could be called soft skills – are as important as hardcore economics. Moreover, the metrics of measuring crisis and the impact of decisions during such circumstances are to be further explored and divided in a comprehensive taxonomy. Despite its popular use, crisis management is at the start of its development. The authors advance both an approach as well as a tool for supporting decisions during business crisis.

Parole chiave

  • crisis
  • business
  • strategy
  • management
  • decision
Accesso libero

The fintech ecosystem in Romania

Pubblicato online: 27 Jul 2020
Pagine: 273 - 281

Astratto

Abstract

Increasing the rate of use of mobile devices and the Internet, as well as the development of new technologies, is rapidly impacting the financial market and electronic payments, in particular. Thus, Romania has become one of the countries in which the users have a lot of variants for managing individual funds, purchasing goods and services through digital channels. Also, we can say that Romania represents at regional level one of the countries with growth potential both due to the size of the market, as well as the innovation potential of entrepreneurs and big companies / financial institutions. The purpose of the present research is to carry out an analysis on electronic payments in Romania, of the way in which fintech applications develop and of the environment in which they operate. To this end, a qualitative research will be carried out by studying the available scientific resources that address the topic of fintech applications, specialized articles that address the topic of electronic payments, as well as the features that fintech applications offer to users. The first part will present an introduction and a statistical analysis of the data regarding fintech applications and market dimensions. Next, the article proposes for research the fintech ecosystem in Romania from the point of view of the Romanian fintech services and a SWOT analysis of the Romanian market will be performed.

Parole chiave

  • fintech applications
  • electronic payments
  • mobile applications
  • capital market
  • money transfer
Accesso libero

Motivations for Coopetition Strategies between Banks and Fintechs

Pubblicato online: 27 Jul 2020
Pagine: 282 - 293

Astratto

Abstract

The aim of this study is to identify the main motivations for the formation of strategic coopetitive partnerships between Banks and Fintechs. In this sense, an exploratory qualitative analysis was performed using semi-structured interviews. Following the triangulation between literature review, primary sources (interviews) and secondary sources (news and relevant documentation), the analysis of the results was performed using the Systematic Combination approach. The results led to the conclusion that the “clients” factor, materialized in the will to respond to their new demands, through value creation, is the main motivation for both institutions to establish strategic alliances. This study filled the literature gaps regarding the identification of the main motivations to form coopetitive strategic alliances between Banks and Fintechs: banks need the Fintechs’ technological know-how, their flexibility in the processes and the fact that Fintech operate in specific niches; Fintechs need banks’ market knowledge and their scale. Together they can answer in a better way new customer demand. This investigation is limited by the lack of tangible identification of existing Fintechs; and also because of qualitative analysis lack of quantitative confirmation.

Parole chiave

  • banks
  • coopetition
  • fintech
  • financial innovation
  • financial sector
  • motivations
Accesso libero

The Digital Transformation and Disruption in Business Models of the Banks under the Impact of FinTech and BigTech

Pubblicato online: 27 Jul 2020
Pagine: 294 - 305

Astratto

Abstract

The explosive development of artificial intelligence, machine learning and big data methods in the last 10 years has been felt in the financial-banking field which has subjected to profound changes aimed at determining an unprecedented increase in the efficiency and profitability of the businesses they carry out. The tendencies of applying the concepts coming from AI, together with the continuous increase of the volume, complexity and variety of the data that the banks collect, store and process have acquired the generic names of FinTech, respectively BigTech. Five main areas exist where Fintechs and Bigtechs can provide improvements in business models for the banks: introducing specialized platforms, covering neglected customer segments, improving customer selection, reduction of the operating costs of the banks, and optimization of the business processes of the banks. We will present some of these improvements, and then we will show how the business models of the banks dramatically transform under the influence of these changes.

Parole chiave

  • Business model
  • FinTech
  • BigTech
  • digital transformation
  • disruption
  • artificial intelligence
  • machine learning
Accesso libero

Global sustainability and responsibility in hotels and cruising industry

Pubblicato online: 27 Jul 2020
Pagine: 306 - 315

Astratto

Abstract

The tourism and hospitality industry is one of the largest industries in the world registering exponential growth over the past years. This study was conducted with the aim of highlighting various aspects of sustainable development from the hospitality industry perspective and the impact of tourism growth on the global touristic destinations. Attracting over 12 million passengers a year, the cruising industry alone contributes substantially by introducing every year a large number of mega size ships carrying over 5000 passengers on board. World renowned hotel chains have been expanding their regional presence providing services to millions of tourists and adventure seekers. The rapid development of the hospitality industry brings along undisputable challenges in environmental protection and natural landscape conservation. The methodology involves a review of the existing literature which concludes that around the world the situation is being addressed by the major players within the worlds’ biggest industry at international conferences and various interactive panel discussions in their attempt to tackle the severe issues of tourism growth and creatively find innovative solutions to ensure environmental sustainability. Our research underlines the successful implementation of the environmental management standards within the cruising industry. The objectives of the global management standards are to ensure compliance in regulatory practices intended to preserve the environment through sustainable and responsible tourism. From this perspective, our analysis indicates that the hotel industry is in a formal adoption phase, posing consistency and implementation challenges across the industry and geographical regions. The overall findings of this research are briefly discussed.

Parole chiave

  • sustainable tourism
  • environmental protection
  • environmental impact
  • innovative sustainable solutions
  • corporate social responsibility
  • landscape conservation
Accesso libero

The impact of fake news on the real estate market

Pubblicato online: 27 Jul 2020
Pagine: 316 - 323

Astratto

Abstract

We are living in an extremely globalized and digitalized world where social media represent the core of our existence whether for personal or professional reasons. Social media impact on business in general caught the attention of researchers (Grizane & Jurgelane, 2017) during the last years, especially to measure the impact of their use in business growth, increasing sales and/or customer loyalty. There are more and more studies that focus on the harmful effect of fake news on specific markets, news that may appear easily and are difficult to control. Fake news can affect both the customers and/ or the business depending on the context. The purpose of this study is to identify how are the fake news appearing in a world where access to information is so simple and everybody can check the truthfulness of information and what kind of barriers are used to protect the business from being affected and the customers from being misinformed. Data for this paper are gathered using in-depth interviews with entrepreneurs from real estate businesses. The results show that the level of increasing fake news is affecting the trust building process. Recommendations are put forward for organizations to analyze more user behavior and use it for the decision-making process in order to limit the negative effects of fake news. Also, customers need to learn to identify quality brand communication, pay attention to details and be very precautions while taking decisions based on news that may be fake.

Parole chiave

  • fake news
  • social media
  • trustworthiness
  • source credibility
  • brand trust
  • real estate
Accesso libero

Social interactions impact on product and service development

Pubblicato online: 27 Jul 2020
Pagine: 324 - 332

Astratto

Abstract

Digital marketing has enabled a new style of consumerism. Nowadays consumers play active roles in product designing and service development. Social media and user-generated content give consumers possibilities to have some interactions regarding the new or existing product. This gives new opportunities to developers and empowers costumers to be involved in product and service development more than they used to be. While traditional marketing literature typically illustrates consumers as passive recipients this paper will show that digital marketing gives them chance to be actively involved in product and service development, tries to define how social interactions effects development and offers a conceptual model for future research. From the literature, it has emerged that social influence has a big impact on product and service development. This study will be important mostly for those companies who try to implement digital technologies now, as for companies who already adopted these technologies some time ago but they still can’t find benefits from it. In the academic field, this paper will help researchers for their future work. Marketing inferences are drawn, and direction for future research is developed in the entire manuscript.

Parole chiave

  • digital marketing
  • social interactions
  • product development
  • service development
Accesso libero

Corporate Governance in the Digital world

Pubblicato online: 27 Jul 2020
Pagine: 333 - 342

Astratto

Abstract

Modeling a process of digitized recruitment and selection of the future members of the Board of Directors of Public Enterprises, where several models of software programs secured and adapted to the needs of the Public Administration, such as be DM Software (decision making software), oriented towards Corporate Governance with a view to transparent and decentralize the recruitment and selection process will be developed. At the international level, there is a tendency of intense digitization, affecting the area of recruitment beyond the initial stage, reaching the development of specialized recruitment software through algorithms to determine the best solutions and eliminate the human factor from the process. The best way to select the right software is to set up a digital recruitment process that tests new solutions based technologies in order to implement innovative services.Adding a new selection way, in order to elaborate an optimal composition of the governing bodies, a well-known method of selection is the RACI matrix method, offering diversity elements and strategic requirements, for the members of the Board, introducing the electronic selection and applying the criteria for an algorithm which will obtain the best score. This innovation brought to light, is not only limited to the digitization of the recruitment of the future members of the Boards of Public Enterprises, instead we want to bring profound changes in the application of the framework of corporate governance until the end, introducing a new initial stage in the process. The proposal in this direction provides for a new initial stage in the recruitment process, namely the Waiting List. In the romanian public administration, the recent progress has contributed to the improvement of the legal and regulatory framework against abuse, which is why I proposed to bring to the fore the importance of studying this area, adding value, by studying the possibility of adopting new tools for the public sector in Romania, support mechanisms, simple, uncompromising, completing the digitalization process in public sector. Is this transposition in the digital environment of a service outsourced by the state in order to fight corruption? Is this methodology ultimately effective? In the simplest way, digitization involves transforming any information from analog to digital. Digitalization is inevitable, we are witnessing a change in society, and the world we know today, over the next few years, it will not look the same. In this way, we get to wonder: we embrace digitalization and try to get as many benefits from the process or reject it, leaving us overwhelmed by this tendency.The transition from the classical methods of recruiting and selection process, to the digitalization of the entire processes regarding corporate governance, is bringing the actual transformation of the system, of recruitment of the future members of the Boards of the public enterprises, such a revolution of the public authorities, which are currently in charge of this endeavor, has as a consequence the shaping of the future of public administration, a model that is almost completely different from the one we know today.

Parole chiave

  • e-transformation
  • process
  • border
  • software
  • e-governance
Accesso libero

The impact of business digitization on the three pillars of sustainable development

Pubblicato online: 27 Jul 2020
Pagine: 343 - 351

Astratto

Abstract

The world is currently facing great challenges generated by the fourth industrial revolution. If the first three major industrial revolutions took place over several centuries, the current revolution, in full swing, is characterized by an alert rhythm, having an exponential evolution, rather than a linear one. Many specialists consider that this is a continuation of the third industrial revolution, started in the sixties of the last century, but the permanent need to adapt and change the business models that characterize daily life determines us to appreciate that they represent the elements of a new, unusual revolution, which will greatly change the face of humanity. Digital technology will bring about essential changes in business, social organization and even current governance models. In this sense, we will approach the digitization of the business from the perspective of the three pillars, social, economic and environment, to conclude to what extent, this new and last revolution adheres to the principles of sustainable development. In this study, we aim to analyze the economic links between the digitization of business and sustainable development in Romania, through an econometric analysis. The results of the econometric analysis will determine to what extent the defining elements of sustainable development will be influenced by this phenomenon. Furthermore, we would like undeline that the fourth industrial revolution, by digitizing business, will affect the three pillars of sustainable development, without mitigation measures which the decision makers should consider, amplifying the phenomenon of social inequity, deepening economic imbalances as a result of the polarization of economic activities, concentrated only in certain regions and irreparably affecting the environment and natural balance, becoming a danger to biodiversity conservation.

Parole chiave

  • sustainable development
  • business digitization
  • social factor
  • industrial revolution
  • natural balance and biodiversity
Accesso libero

Posibility to fast react in order to identify the risk and make first claim assesment in case of a severe earthquake in Bucharest

Pubblicato online: 27 Jul 2020
Pagine: 352 - 361

Astratto

Abstract

Insurer’s reaction in case of a severe event, in Romania, especially in Bucharest is well known that is more than difficult, mainly due to the existing resources that need to be appointed in a short time to a high number of reported cases. The lack of a clear plan to react, at the national level, by all authorities is showing that Romania is not prepared properly to react in case of an earthquake similar with the one in 1977. Romanian authorities in the insurance industry strive to find a fast and smooth process, to inspect the claims in due time, but the reality shows that this plan is not linked to reality, and, as it is currently described as project by PAID will definitively fail to it purpose. Current legislative framework and procedures shows that the process of handling a claim in case of a big volume of files will be more than difficult even could lead to a blockage in the system. The authors’ research follows the importance that claim inspection, identification of risk and claim file opening should have a total different process even a disruptive one via an online solution or special app. The research is starting from a plan of PAID which is mentioning that all resources available in the insurance companies to be combined and managed through a special command force under PAID supervision. The main finding of the research is that the Romanian insurance market need a totally different approach in order to assess the claims and in the same time the fact that currently discussed project, initiated by PAID cannot be applied in the existing environment due to many conflicts even with the EU legislation. A new modern solution to provide to the clients best services in the promised time is required to exist and to be applied in the moment of the event.

Parole chiave

  • Catastrophic claim management
  • solution for claims assessment
  • risk
  • earthquake
Accesso libero

ICT Security Measures for the Companies within European Union Member States – Perspectives in COVID-19 Context

Pubblicato online: 27 Jul 2020
Pagine: 362 - 370

Astratto

Abstract

The development of ICT usage in households, by individuals or in enterprises is submitted to the requirements of security. This paper aims a statistical analysis of ICT security aspects from several perspectives: ICT policies, staff awareness of ICT security related issues, ICT security related activities. The methodology used for testing the hypotheses is based on descriptive statistics, chart case study, correlation and factor analysis. The results emphasize the importance of investing resources in cyber security, moreover, in the current pandemic situation generated by COVID-19.

Parole chiave

  • ICT security
  • security policy
  • security measures
  • company ICT security
  • security incidents
Accesso libero

Improvement of the real estate transparency through digitalisation

Pubblicato online: 27 Jul 2020
Pagine: 371 - 384

Astratto

Abstract

Taking into account that the transparency is a quality of communication of sustainability information, as well as the role of digitalisation in ensuring the transparency, we proposed to study the perception of real estate entities related to promoting transparency in the relationship with stakeholders and the integration of information and communication technology in their business models. Applying a qualitative approach, we critically analysed the sustainability reports published by real estate companies from the EU, which represent important non-financial information sources for stakeholders. Transparency is mainly reflected in corporate governance, as real estate entities are increasingly concerned with maintaining open relationships with stakeholders and knowing their expectations to integrate them into the business strategy. We have noticed a broader approach of transparency in REIT entities and in reports that include an assurance statement. New digital technologies serve the purpose of improving transparency, which, although still poorly explored in real estate, offer new solutions to increase the efficiency and productivity of real estate activities. Property technology can improve real estate market transparency and liquidity, bringing lower transaction costs, which should positively impact the value of investment assets.

Parole chiave

  • real estate
  • digitalisation
  • PropTech
  • transparency
  • sustainability
  • innovation
Accesso libero

Business Digitization in the European Union

Pubblicato online: 27 Jul 2020
Pagine: 385 - 397

Astratto

Abstract

Digitalization nowadays can stretch in all aspects of the functioning of a business. Therefore, given the available technologies, the speed at which businesses merge with the digital world dictates the comparative advantage a like company can harness over its competition. However, integrating digital means into businesses can come at a considerable cost. Moreover, this creates a dichotomy between digitalizing an already existing and thriving company functioning on traditional channels and the creation of new fully digitalized enterprises. This paper aims at revealing the relevancy of digitalization in the business world by evaluating the cost efficiency of going digital or starting digital across economic sectors for enterprises in the European Union from 2017 onwards.The argument of designing a business from scratch in an automated and smart digitalized style is much more comprehensive in a connected globalized world. The intricacies stretch far beyond the pure digital and business areal since most transactions happen internationally. The borderless approach creates a demand for all aspects of a business to work cohesively. Therefore, business operations such as accounting, legal actions, storage, delivery, and marketing must be corroborated with business operations as they are conducted in an increasingly digitalized manner. Through analyzing secondary data, statistics and case studies about the level of business digitalization across sectors in the European Union, this paper targets to reveal witch are the fast evolving sectors in terms of digitalization for businesses and the most effective way in which digitalization creates increased value for business. The countries of the European Union experience different levels of digital technology integration, it peaks in Denmark while, Romania, Bulgaria and Poland are situated at the other end of the spectrum. Manufacturing is the sector with the least amount of digital updates across the sample while communications, computer programing, travel agencies, and accommodation services surge in the digital arena. There is a direct correlation between the size of the company and its propensity to exploit opportunities in digital transformation. However there is a new aspect of the speed at which small mainly digital companies acquire acumen and therefore profit. This paper synthesis the fastest growing digitalized sectors in the European Union and highlights opportunities for old and new businesses.

Parole chiave

  • businesses
  • digitalization
  • ecommerce
  • opportunities
  • economy
  • globalization
Accesso libero

Organizational performance – theoretical and practical approaches; study on students’ perceptions

Pubblicato online: 27 Jul 2020
Pagine: 398 - 406

Astratto

Abstract

Organizational performance depends on leaders’ mastery to create a cooperative working climate and on their ability to lead a team. Effective results require emotional engagement and empathy from participants in terms of activities performed within a team in order to provide solutions to issues that need to be resolved as professionally as possible. Organizational performance refers to the degree to which the organization, with some informational, financial, and human resources, positions itself effectively on the business market. Individual performance can influence the performance of the entire organization in the short, medium or long term in a positive or negative direction. The main objectives of the study are: 1)defining the firm’s performance; 2) presenting leadership characteristics as a managerial and organizational process; 3) analysing the leadership importance on organization performance; 4)presenting the research results regarding students’ perceptions on the recognition of organizational performance. The research approach used is a combination of literature review and answers to a questionnaire. Respondents are third year students in the bachelor programme at a Business School from Romania. The research scope is to identify young people’s perceptions regarding the recognition of organizational performance. The success factors that contribute to finding the first job after they graduate are also listed. According to respondents’ answers, the main characteristics of successful students will be specified, as well as their main priorities and values in life.

Parole chiave

  • students’ values
  • leadership
  • organizational performance
  • effectiveness
  • development
Accesso libero

The policies of the Organization for Economic Cooperation and Development (OECD) in financing pre-university education

Pubblicato online: 27 Jul 2020
Pagine: 407 - 421

Astratto

Abstract

In this article, we want to present the comparative report, as well as the results of the Organization for Economic Co-operation and Development policy review to improve the efficiency of the use of educational resources (Review Resources Resources). The Organization for Economic Cooperation and Development report provides analysis and options to assist governments in achieving the goals of education policies, as well as the fair use of financial resources in this area. This report focuses on the more topics of interest, such us: how responsibilities for raising and spending school funds in increasingly complex education systems can be effectively organized, the way in which mechanisms for distributing funding to schools can be designed effectively to support the learning of young people and how planning procedures can support the preparation of education budgets to ensure their long-term sustainability and align them with the priorities of government education policies. At the same time we set out to present the governance of school funding and describes increasing the involvement of different bodies in the management and allocation of school funds in different States as well as how they are organized and interact with each other. The article also contains some examples of sources of education funding in Organization for Economic Co-operation and Development Member States such as Austria, Finland, Germany, Greece, The United Kingdom and the United States of America.

Parole chiave

  • policies
  • education
  • resources
  • planning
  • budget
  • governance
  • funds
Accesso libero

Why should the gravity model be taught in business education?

Pubblicato online: 27 Jul 2020
Pagine: 422 - 433

Astratto

Abstract

The aim of this paper is to critically analyze the papers from the literature mainstream regarding the gravity model and to identify the main findings. The paper highlights the importance of studying the gravity model in the tertiary business education. Introduced by Tinbergen (1962), the gravity model was widely used to analyze the international trade flows in theoretical, as well as empirical studies. Alongside the classical determinants, economy size, market size and geographical distance, other variables which influence the trade flows were found: trade agreements, foreign direct investments, exchange rate, trade taxes, cultural distance, migration, remoteness, knowledge capital, technological development. There are many controversies regarding the zeroes problem within the model, as well as many controversies on the solutions of the zeroes problem. A meta-analysis and systematic review of the relevant literature in the last 56 years was conducted. From author’s knowledge, this study is the most extended literature review on the gravity model, covering more than 50 years of research. Despite all the theoretical controversies, the gravity model proved to be a robust one, with a great power of explanation in more than 80% of the dynamics and structure of the trade flows. Therefore, the gravity model should be considered a valuable analysis tool in teaching and studying in tertiary business education: international trade, econometrics, statistics, trade policy and so on.

Parole chiave

  • gravity model
  • literature review
  • international trade
  • trade determinants
  • tertiary education
Accesso libero

Economic education in the digital era

Pubblicato online: 27 Jul 2020
Pagine: 434 - 444

Astratto

Abstract

Digital era brought a revolution in both business and education areas. The creation of World Wide Web (www) platform back in 1989 shortened the distance between knowledge and individual, enabling an easier access to the economic culture. In the contemporary era, developed countries worldwide use digitization as a progression strategy in education, in general, and in economic education, in particular. The digital era plays a crucial role in spreading and developing economic education to individuals enabling the increase of economic welfare for stakeholders by development of skills, knowledge and capability. The economic education in the digital era offers alternatives on how to develop the capacity of the current education systems to adapt the economic culture of individuals to the continuous changes in the economic environment. In the current study, the impact of digitization on economic education will be outlined highlighting the challenges and opportunities in developing new strategies for the economic education.

Parole chiave

  • digital era
  • economic education
  • economic culture
  • economic environment
  • economic welfare
Accesso libero

The valences of improving the quality of life in the new logic of leadership

Pubblicato online: 27 Jul 2020
Pagine: 445 - 452

Astratto

Abstract

The literature regarding the new organizational philosophies has constantly enriched and has approached the challenges related to the desire to increase the organizational sustainability. On this thematic background, in which is increasing the role of the decision makers who move the organizations from the place they are to where they should be, the issues such as the attitude, the organizational behavior, the positioning of the firm actor at the level of the leadership architecture becomes the priority topics. In the context in which specialists have more and more arguments to claim that a new techno-industrial paradigm has been advanced (one specific to the fourth industrial revolution) one can even speak of drivers that boost analysts from the academic environment but also from business and institutional decision makers to quantify the impact that progress can have on cognitive skills, aptitudes and abilities. A leader must hold the organization and guide its employees in a turbulent and uncertain environment. For this, it is necessary for them to develop a comprehensive vision on how technology affects the quality of life of their employees and how to reshape the economic, social, cultural environments at the macro level. The present paper aims to highlight the main challenges of leadership in relation to the fourth industrial revolution, but also what are the transformations through which it is necessary to undergo it for a good correlation of human capital with technological progress and moreover with those indicators that fall under the umbrella of quality of life. The focus is on new skills, creativity, innovation, so that new business models can be developed and applied in a constantly changing environment.

Parole chiave

  • the fourth industrial revolution
  • leadership
  • quality of life
  • new business model
Accesso libero

Identifying and capitalizing new sources of competitive advantages is a vital prerequisite for corporate sustainability

Pubblicato online: 27 Jul 2020
Pagine: 453 - 463

Astratto

Abstract

On both the research agendas of the specialists in the academic field and those of the decision makers in the field of public policies, there are a series of topics of reflection among the most provocative which calls on researchers to identify solutions to new challenges. These include the prevalence of topics such as: threats to climate balance, deepening inequalities in welfare and prosperity, paradigm shifts in management and leadership, the emergence of on demand economy, just transition or the new scale of competitive advantages. At the microeconomic level, one of the most complex issues is that of business sustainability, which, under the conditions of the new global economic picture, must be equally efficient, economically, sustainable, socially, and resilient from an ecological point of view. Despite the most renowned experts analyzing the concept of competitive advantage, having highlighted the epistemological and praxiological foundations and clarified the variables on which its scope depends, the regional and global economic picture in dynamic change makes the analytical space continue. for this thematic area. This paper starts from the methodological assumption that the decision makers at the level of the companies must ensure the possible but synergistic combination between: the objective of maximizing the profit and the one of taking into account the plenary of maximizing the sales or of extending the relational capital. The main purpose of this paper is to study the deepest changes at the microeconomic level of the competitive advantage scale, the factors that influence these changes and propose a series of ways by which the companies that operate in Romania can be repositioned sustainably at the level of the most powerful regional supply chains.

Parole chiave

  • competitive advantage
  • paradigm shift
  • industrial specialization
  • corporate sustainability
  • changes to the business attitude
Accesso libero

Some Flavors of Russian Neocolonialism in Central Asia

Pubblicato online: 27 Jul 2020
Pagine: 464 - 473

Astratto

Abstract

The term “neo-colonialism” is attributed to Kwame Nkrumah, who considers it to be the last stage of imperialism and means “the exercise of power but not of responsibility by the powerful exploiters without alternatives for the dominated”. An introspection at the level of the specialized literature allows to find that there are many definitions of this concept, being able to speak even about a series of regional versions of the term (African, Asian or Latin American). Research by many analysts has revealed the deep vulnerabilities of the state of fact that can be categorized as a neo-colonial type. In this paper we start from the hypothesis that the states of Central Asia are in a unique situation because it is not possible to speak of complete independence if most of their resources are still used in the interest and development of those who are in the vicinity of the region or at distances greater than this. Throughout this paper, sustainable arguments are made in support of the idea that some factual states attributable to neocolonialism can be attached to the relations that Russia has today with the former components of the USSR that have declared their autonomy and are developing as independently as possible. The analysis is focused on aspects such as: the great difficulties encountered by the states in this region during the processes of capital accumulation, endowment with modern technologies and the approximation of the most sustainable managerial practices; the almost complete repatriation of the profits obtained by the foreign investors in these regions which are so deprived of important own sources of financing, determining them to remain dependent on the foreign investors and vulnerable to the seismic or asymmetric economic shocks; the special sensitivity of the external debt vector used with great ability by both international financial institutions and the commercial banking system in developed countries to radically influence macroeconomic and sectoral policy decisions; the continued use of these states as a field of confrontation between the great powers.

Parole chiave

  • neo-colonialism
  • Central Asia
  • geo-political and geo-economic equilibrium
  • paradigm shift
  • asymmetric economic shocks
  • confrontation
Accesso libero

New Training Trends in High-Risk Technology Fields

Pubblicato online: 27 Jul 2020
Pagine: 474 - 489

Astratto

Abstract

The more developed new and sophisticated technologies are, as in the energy sector, paradoxically, the more critical people are in terms of competences. A prophecy for 2020 was that machines and robots would replace people. It happened mainly for routine activities. Therefore, humans remain a crucial element in the technology world, especially in high-risk areas, such as nuclear. Companies developing, using high-risk technologies employ people with high-technical knowledge - not enough. Poor communication, failing leadership, improper management, decision reluctance, generation gap, lacking teamwork competencies were human errors that caused accidents. Besides technical competences, these people also need consistent training and workshops on soft skills, leadership, and strategy. Besides generic skills, requirements for training staff in long-life cycle technologies should consider: specific reaction patterns for various generations; the high-risk technologies are a combination of technologies with various durations, e.g., Silicon-based digital technology life cycle is about five years. However, the digital technology evolution to new ones, like quantum computing, may trigger unexpected interfaces with the underlying reactor technology, dominant in a nuclear plant, and requirements for training of staff. Extended use of the well-trained competencies can make the difference between life and death; Training? Because it is a combination of knowledge and practice; Coaching? Because it generates new behaviors in ordinary situations and improves the work-unit relationship; Leadership? Because there are moments when people need someone leading them to accomplish tasks efficiently. The methodology used to investigate such aspects was of team-group interviews for diverse generations involved in a nuclear project for risk analyses and master students, by using the same combination of training and coaching exercises. The paper presents the results of these investigations, considering the aspects mentioned and contributes to raising awareness of strategic development approaches for employees to aim at the emergence of new leaders.

Parole chiave

  • training
  • coaching
  • leadership
  • digital technology
  • high-risk technology
  • life cycle of technology
  • generations
Accesso libero

Knowledge transfer between universities and smes and regional development. The role of the clusters as communities of practice

Pubblicato online: 27 Jul 2020
Pagine: 490 - 504

Astratto

Abstract

The Exchange of knowledge between universities and SMEs became a source of sustainable competitive advantages. The innovation capacity of SMEs is under pressure for various reasons since knowledge management is more costly and innovation readiness more difficult to be achieved. Higher Education Institutions (HEIs) became in this context critical players in the knowledge-based economy to interact with small companies. The traditional functions of universities are the generation of knowledge (research) and its transmission (teaching) are reconsidered in order to better serve the managers.

This paper investigate conditions SMEs and universities may better work together, assuming that a pro university-SMEs cooperation behaviour at the level of the SMEs managers and universities is an essential factor of an efficient transfer of knowledge. Evidence of this interaction from development regions of Romania are shown in order to identify emerging cooperation patterns. Another area this paper investigates is the interaction of universities and SMEs when they are bound together in a longer cooperation alliances, in clusters. Actions to develop clusters include universities as central resource. The research intends to review the role of the university in cluster development for Romanian development regions on their struggle to occupy a role in European smart specialization processes. As a main conclusion, the article argues that smart specialization and communities of practice are interconnected concepts enabling innovation processes in university-industry interaction. Knowledge transfer may be more efficient when clusters and universities are interacting on a long-term basis.

Parole chiave

  • entrepreneurial universities
  • innovation
  • smart specialization
  • SMEs
  • clusters
Accesso libero

The role of education in reducing poverty social exclusion

Pubblicato online: 27 Jul 2020
Pagine: 505 - 513

Astratto

Abstract

Education provides a stable foundation for developing the societies of tomorrow, having a dual function since it fosters economic growth and represents a crucial instrument also for ensuring the stability of a society in terms of human welfare. The research was carried out through an econometric analysis based on a questionnaire as a quantitative measure. Through this study we intended to identify the standpoints of teachers activating in the Romanian pre-university education system and who activate in Bucharest and Prahova, on the research subject as well as correlations that exist between the study variables. Some key issues addressed by the study were determining the extent to which teachers believe that education can reduce poverty and social exclusion, measures that can minimize poverty and strategies for reshaping the educational services to improve their suitability for students. The results have shown that education can indeed promote the reduction of social issues but it steadily needs to be reformed to fulfil its scope. The findings can be of interest for institutions that establish legislative procedures in the educational field and can help to regenerate Romanian education. For the present-time societies, enabling social and economic wellbeing is both a target and a challenge, due to the persistent need of remaining competitive and the ongoing legal and economic reorganizations that appear during every country’s existence.

Parole chiave

  • educational services
  • education
  • poverty
  • social exclusion
  • Romania
Accesso libero

Some Considerations on the Assessment of Learning in Higher Education

Pubblicato online: 27 Jul 2020
Pagine: 514 - 520

Astratto

Abstract

This paper deals with presenting the main aspects of the assessment of learning in higher education, with an emphasis on the challenges that the evolution of the society imposed to this process. The main assessment techniques are presented and explained, insisting on their ability of coping with different objectives that can be assumed by the evaluation process. The paper insists on the importance of choosing the adequate methods for the assessment of learning and on the need to create new ones able to fit better to the needs of the new generations. It also tackles the limits of using these methods and the nexus generated by the conflict between adopting the optimal methods for the assessment of learning from a scientific point of view and the need for imposing working procedures and standards in the higher education system that sometimes prevent from achieving the optimum. Also, the factors that have a role to play in the choice of the design of the assessment of learning process are described in a special section. The paper also insists on the need of creating a versatile assessment of learning process that would offer the right combination of assessment methods able to support the learning process and that can be achieved only if a large liberty is given to the professional judgement of the teachers as opposed to bureaucratical procedures imposed by the society.

Parole chiave

  • assessment of learning
  • assessment for learning
  • feedback
  • competence
  • assessment methods
Accesso libero

Math approach of implementing ISO 27001

Pubblicato online: 27 Jul 2020
Pagine: 521 - 530

Astratto

Abstract

The objective of this paper work is to create a mathematical approach that can quantify the need of implementing the ISO 27001 in a company and the actual benefits of doing so. The scope is to identify the factors that determine vulnerabilities, what damages are caused by these factors, the risk and impact level of the factors. The approach is from the point of view of costs caused by implementing the standard compared with costs of potential damage by not implementing.

Parole chiave

  • Vulnerability
  • Analysis
  • Cost
  • Risk
  • Impact
  • ISO27001
Accesso libero

Efficient institution in the context of environmental policies

Pubblicato online: 27 Jul 2020
Pagine: 531 - 547

Astratto

Abstract

In the context of new environmental paradigms for the efficient customization of both traditional and renewable energy systems, the international regulations aim to be effective sources of alignment. The control practices in a big state-owned enterprise are the concepts implemented in this paper into a multi-criteria decision-making model for understanding, observing and accommodate the personnel for reaching high service quality. The best practices for effective policy design are alternatives in an Analytic Network Processes model designed and estimated by the staff in the audit department of the Romanian Regulatory Authority for Energy (RRAE). This model integrates all the national and international regulations at which the Romanian Regulatory Authority for Energy adhered and it determines what is the practical measures need to be taken at the level of each and every employee, in terms of individual forms of evaluation, so that principles regarding the implementation of the energy efficient systems produce tangible effects. The conceptual instrument considered for the effective alignment is the internal marketing. Internal marketing as a method built the foundation of a multi-criteria decision-making model whose alternatives are employees” evaluations forms. The model designed and estimated by staff in the audit department of the Romanian Regulatory Authority for Energy is developed using the analytic network processes theory (ANP) and the SuperDecisions software.

Parole chiave

  • environmental policy instruments
  • new energy paradigms
  • internal marketing
  • Romanian Regulatory Authority for Energy (RRAE)
  • COSO
  • Analytic Network Processes (ANP)
Accesso libero

Bioeconomy related perspectives for boosting agriculture development in Romania

Pubblicato online: 27 Jul 2020
Pagine: 548 - 558

Astratto

Abstract

Situated at the crossroads between several sectors, from biology, biochemistry, agronomy, management and economy to technology, the bioeconomy represents all uses of bio-resources, whether they come from agricultural land, sea, forest or waste materials. The current bioeconomy strategy of European Union identifies agriculture as one of the sectors mainly supplying biomass. In the last decades, agriculture was constantly transforming towards a knowledge intensive sector. Being almost entirely the physical support for agriculture, the rural regions are expected to become a key player in the development of the bioeconomy activities of the near future. In the modern biobased economies, the rural regions represent more than just a source of raw materials to bioeconomy industries. Future opportunities for the development of the agricultural sector in Romania, thus boosting rural development were identified by conducting a SWOT analysis of the domain through agriculture development.

Parole chiave

  • agriculture
  • biotechnology
  • trends
  • Romania
  • bioeconomy
Accesso libero

Impediments in cluster development: the case of Târnave valley

Pubblicato online: 27 Jul 2020
Pagine: 559 - 567

Astratto

Abstract

Many years after the fall of communism, the Romanian wine industry has been still struggling to overcome lot of challenges such as erratic weather, unfair competition, lack of investments or the need for a clear vision of the future path of growth. The industry has reached eventually a level of maturity although there is still much to be done in terms of, among others, network-oriented management skills and the acknowledgement of the importance of the role of location for upgrading competitive advantages. Cluster development initiatives have become lately an important direction of economic policy, building on earlier macroeconomic stabilization efforts, opening up markets and reducing business costs. Companies that operate within a cluster, as opposed to those that are not integrated in such agglomerations, benefit from externalities thanks to their location, have better access to specialized suppliers, technological improvements and skilled labor, as well as direct connections to specialized knowledge flows. Is cluster formation and development a driver for the revival of the Romanian wine industry? What are the impediments that delay further progress? To answer these questions, a qualitative research was conducted with support of statistical data collected mainly from the Global Competitiveness Report, the Romanian Ministry of Agriculture and Rural Development, the National Institute of Statistics, and the International Organization of Vine and Wine. The paper focuses on the case of the vine and wine region of the Târnave Valley to understand the impediments for cluster development.

Parole chiave

  • cluster
  • wine industry
  • development
  • challenges
  • competitive advantage
Accesso libero

Factors with impact on the knowledge management practices within shared service centers

Pubblicato online: 27 Jul 2020
Pagine: 568 - 576

Astratto

Abstract

Nowadays it has become easier and easier to reach and achieve information and a great reason for that is the fast evolution of technology. Along with these less complicated opportunities to access information there is an increasing consciousness of recognizing the ways to use it in different moments in time especially within the business environment. Successful organizations empower employees to share knowledge by rewarding them for such actions. And the organization’s leaders must be role models of sharing knowledge regularly with their teams, and they should discuss openly about successes and failures. Taking all these aspects into account, in this paper various processes of knowledge management (KM) are presented from theoretical approaches to practical ones. Successful examples of KM within multiple Shared Service Centers of two multinational companies based in Bucharest, Romania are displayed in order to uncover best practices. A qualitative and in the same time a quantitative investigation were expanded and tested in these Shared Service Centers with the objective to detect the current most suitable patterns and procedures of KM in 2019 and, simultaneously, the difficulties in applying the KM methods within an organization. Information from different employees in the companies was gathered regarding the key success factors of implementing Knowledge Management in organizations (organizational culture, leadership, efficient and systematic processes, technology and strategy). The results certified that communication, along with an open professional behavior, sharing experiences and teamwork as the most important factors for boosting Knowledge Management within the organization.

Parole chiave

  • knowledge management
  • shared service centers
  • knowledge sharing
Accesso libero

The impact of knowledge transfer on the Organizational performance

Pubblicato online: 27 Jul 2020
Pagine: 577 - 588

Astratto

Abstract

While the importance of knowledge creation and management has been widely recognized as critical to the continued competitiveness and success of an organization since the 1990s, few systematic studies have been conducted on the processes of creation and knowledge management transfer in organizations. Much of what has been reported in the literature has an anecdotal nature. The development of knowledge management as a distinct domain has historically been influenced by research undertaken in a wide range of disciplines. These disciplines include sociology, psychology and philosophy. Since the early 1990s, research in the area of knowledge management has expanded into contiguous areas such as change management, systems theory, organizational theory, organizational learning &development and artificial intelligence. During the past years, there has been a great deal of interest in knowledge as an organizational and commercial variable, with the need to better understand the processes of knowledge transfer in organizations. In this paper, I present and develop the following questions: What kind of knowledge should we transfer? How should we transfer knowledge between entities? What is the impact of knowledge transfer on organizational performance? To develop the previously mentioned questions, a quantitative research based on a questionnaire has been applied on a sample of 100 people who are working in a certain shared services centre. The main purpose of the research is to identify the impact of knowledge sharing on organizational performance and to analyze the importance of having a solid base of information in order to achieve excellent organizational performance. The result is that knowledge transfer has an impact on the company’s vision, continuous learning and business performance. The way knowledge is managed in a company is crucial to gain a competitive advantage, this being recognized by the respondents as important for achieving the following goals: project success and self-improvement.

Parole chiave

  • knowledge transfer
  • knowledge management
  • organizational performance
Accesso libero

From Thermodynamic Entropy to Knowledge Entropy

Pubblicato online: 27 Jul 2020
Pagine: 589 - 596

Astratto

Abstract

The purpose of this paper is to present the evolution of the concept of entropy from engineering to knowledge management, going through information theory, linguistic entropy, and economic entropy. The concept of entropy was introduced by Rudolf Clausius in thermodynamics in 1865 as a measure of heat transfer between two solid bodies which have different temperatures. As a natural phenomenon, heat flows from the body with a higher temperature toward the body with a lower temperature. However, Rudolf Clausius defined only the change in entropy of the system and not its absolute entropy. Ludwig Boltzmann defined later the absolute entropy by studying the gas molecules behavior in a thermal field. The computational formula defined by Boltzmann relates the microstates of a thermal system with its macrostates. The more uniform the probability distribution of the microstates is the higher the entropy is. The second law of thermodynamics says that in open systems, when there is no intervention from outside, the entropy of the system increases continuously. The concept of entropy proved to be very powerful, fact for which many researchers tried to extend its semantic area and the application domain. In 1948, Claude E. Shannon introduced the concept of information entropy, having the same computational formula as that defined by Boltzmann, but with a different interpretation. This concept solved many engineering communications problems and is used extensively in information theory. Nicholas Georgescu-Roegen used the concept of entropy and the second law of thermodynamics in economics and business. Today, many researchers in economics use the concept of entropy for analyzing different phenomena. The present paper explores the possibility of using the concept of knowledge entropy in knowledge management.

Parole chiave

  • entropy
  • thermodynamic entropy
  • information entropy
  • knowledge entropy
  • order
  • disorder
Accesso libero

Incorporating artificial intelligence in knowledge creation processes in organizations

Pubblicato online: 27 Jul 2020
Pagine: 597 - 606

Astratto

Abstract

In organizations, the knowledge creation remained an exclusive attribute of humans until the emergence of artificial intelligence. The role of information systems in organizations expanded continuously, including recording, organizing, processing, storage, dissemination and making available the information, until the revolutionary emergence of artificial intelligence. The role of knowledge creation is no longer exclusive to humans. Artificial intelligence becomes a partner entity of employees in knowledge creation processes in organizations. This article investigates how artificial intelligence can be incorporated in knowledge creation processes. Starting from the study of scientific literature, this article presents concepts and taxonomies associated with the use of artificial intelligence in the processes of knowledge creation in organizations. The study is a first step in a larger research, which aims to identify the main consequences, on employees and organizations, of the incorporation of artificial intelligence in the processes of knowledge creation.

Parole chiave

  • knowledge creation
  • artificial intelligence
  • knowledge management
  • processes
  • information systems
Accesso libero

Romanian family business branding: contextual factors of influence of decisional processes

Pubblicato online: 27 Jul 2020
Pagine: 607 - 616

Astratto

Abstract

Despite the difficulties of the economic environment and the challenges encountered, family businesses in Romania are drivers of economic growth. The tumultuous history and the cultural differences have impacted the way businesses are conducted and how decisions are made, especially in family-run companies, influencing how the family aspect is being portrayed and turned into a competitive advantage. The purpose of this paper is to determine how these contextual factors are influencing the promotion of the family aspect in the family business brand. The methodology of this paper is the exploratory qualitative interview-based study. Empirical data has been collected by way of in-depth semi-structured interviews with eleven Romanian family business owners or managers selected through non-probability purposive sampling, further analysed using content analysis technique. Results suggest that Romania’s cultural background directly affects family businesses and the way they promote their family image, identity and reputation. Although this has a positive effect, few Romanian family businesses are active and promote themselves on the marketplace as a family business. Romanian families have a high degree of autonomy and accountability in relation to local communities which can help or impede the development of a family brand because both families and communities require transparency and there is a high degree of uncertainty which can impact both the business and the family owners. The reference to current literature primarily relates to the position of the family in the business but most notably to branding. The role of family members is drawn to limit actions in certain aspects of promotion and branding, as a direct result of high-conservative views.

Parole chiave

  • family business
  • brand
  • Romania
  • image
  • identity
  • reputation
Accesso libero

Implications of Lewin’s Field Theory on Social Change

Pubblicato online: 27 Jul 2020
Pagine: 617 - 625

Astratto

Abstract

During the Second World War, Kurt Lewin was part of a wider research team commissioned by the U.S. Department of Defense to study how dietary habits of American citizens could be changed so as to avoid protein starvation due to the lengthy war efforts. Lewin’s research on food habits can be linked to his earlier studies on social fields. This paper aims to interpret Lewin’s findings on changing dietary habits by using his very own field theory approach, in order to hypothesize how the such findings can be drivers of social change, with the findings being applicable for business management settings as well. Concepts of time and space, as well as ‘simultaneity’ and ‘psychological ecology’ are brought up to discussion in order to back up the purpose of research.

Parole chiave

  • field theory
  • social change
  • participative management
  • Kurt Lewin
  • change management
Accesso libero

Placing self-assessed health within the systems framework: a preliminary insight into social synergy and syntony

Pubblicato online: 27 Jul 2020
Pagine: 626 - 635

Astratto

Abstract

The issue of self-assessed health (SAH) has been discussed within the scope of multiple interdisciplinary and transdisciplinary studies, gathering the attention and interest of scholars from various fields of study. Emerged at the confluence of subjective and objective measurements, the construct has triggered controversies and debates on its relevance and reliability, yet it is employed in many analyses as a pertinent reference point for individuals’ perceptions regarding their health status or wellbeing. Starting from these considerations, the current study aims to move the discussion further, by placing SAH in a broader argumentative perspective, as a multivalent process dependent on a myriad of individual, social, environmental, digital, etc. factors apposite to complex social systems. Therefore, the specific contribution intended via this approach is the advancement of a preliminary outlook on SAH within the social systems framework with a special emphasis on synergy and syntony. Against the backdrop of a conceptual undertaking, several factors are brought forward – i.e., environmental factors such as housing, neighborhood, residence and social (interactional) factors such as digital exposure, face-to-face communication, and social trust – hewing the path for future in-depth investigations on the topic.

Parole chiave

  • social systems
  • self-assessed health (SAH)
  • synergy
  • syntony
Accesso libero

The value of knowledge management in cultural entrepreneurship

Pubblicato online: 27 Jul 2020
Pagine: 636 - 645

Astratto

Abstract

Although the concept seems to be self-explanatory and increasingly more people with various artistic talents or a special interest in arts & culture endeavor themselves in various business-like activities, while culture is praised increasingly more as a key towards sustainable development of the contemporary society, cultural entrepreneurship is not a familiar presence in the academic inquiries. The main associations considered when talking about cultural entrepreneurship are the ones with talent, creativity, cultural innovation. Another aspect analyzed by the literature is the relationship to financial education and skills. The relevance of all these elements is obvious. Maybe less straightforward is the need for knowledge management in the field of cultural entrepreneurship since talent and culture are in many contexts considered apart from knowledge. Nevertheless, knowledge management should be a sine-qua-non component of the business strategy of a cultural entrepreneur considering the competitive advantages it could generate. To unveil the known relationships between knowledge management and cultural entrepreneurship, the present research develops a narrative literature review. The results point out the limited understanding of cultural entrepreneurship, including the role knowledge management might play in cultural enterprises.

Parole chiave

  • Cultural entrepreneurship
  • cultural entrepreneur
  • creative entrepreneurship
  • knowledge management
  • knowledge transfer
Accesso libero

Knowledge management strategies for leadership in the digital business environment

Pubblicato online: 27 Jul 2020
Pagine: 646 - 656

Astratto

Abstract

Throughout this paper we try to propose several updated theories about leadership strategies considering the new framework and coordinates imposed by the digital age. By operating a literature review, firstly we will define the intriguing concepts of: digital age, digital leader and digital leadership. Nowadays leaders must understand the global technological revolution and integrate with it in their daily business routine. Within the sections of the paper we will analyze the different features of the digital knowledge age, considering issues like the work environment, the new type of employees or the new skills. We believe that by mapping all these novel aspects we will emphasize which are the gaps between the current state and the potential one. Acknowledging the opportunities of the digital age is empowering both for managers and employees in terms of achieving their success. We will provide an analysis of the most important traits of a digital leader and their necessity in the present environment. Even if great theorists consider that a leader’s essential characteristics are timeless we will argue which are the substantial changes generated by digitalization. Furthermore, we will discuss the potential knowledge strategies to be applied for effective leadership in the digital business environment. Throughout this paper we want to bring to attention which are the major impactful connections between the trends of digitalization and leadership concepts. In the final section of the paper we will present our conclusions and propose for discussion further challenges of the digital age, mainly from managerial perspective.

Parole chiave

  • digitalization
  • digital age
  • digital leader
  • digital leadership
  • knowledge strategies
  • employee skills
Accesso libero

Knowledge risk management in aviation

Pubblicato online: 27 Jul 2020
Pagine: 657 - 663

Astratto

Abstract

Aviation is one of the most important domains nowadays from the perspective of the economy and security of a nation. When we talk about aviation, we can say that it is divided into two categories, civil aviation and military aviation. Though they share the same base characteristics, an aircraft departing from an airport and safely landing on another airport, they are parted by a lot of aspects. One of the common things that they share is the risk involved every time an aircraft is prepared for departing and the actual flight, until the safe landing at the designated airport. The two involve different risks that I will approach during the current article. When we narrow the discussion to risk, we can tell for sure that the risk involved in the Romanian Air Force is higher due to the specifics of the mission. The importance of knowledge in aviation is an aspect that involves all of our attention because we have to take into consideration both tacit and explicit knowledge. Knowledge risk management represents a gap in the aviation domain. Except for the explicit knowledge that is necessary to be assimilated in order to be able to play a part in aviation, tacit knowledge is an important part of this activity domain.

Parole chiave

  • knowledge
  • knowledge risk
  • risk management
  • aviation
Accesso libero

Considerations regarding the effectiveness of Risk Management for Internal Managerial Control System

Pubblicato online: 27 Jul 2020
Pagine: 664 - 672

Astratto

Abstract

The paper presents a systemic analysis of the key factors of risk management for the internal managerial control (IMC) system for public entities in Romania. The risk management approach offers a broad view regarding the necessary tasks for having a rigorous, efficient, effective and transparent use of public funds. The necessity of taking a managerial decision on a current matter has its own peculiarities and effects, involving the actual way and manner in which the entity in question will go further. The effects of this kind of decisions can affect the entity in some precise moments. In this point, risk management should be present, according to the applicable approaches, in order to evaluate, among other things, the vulnerability of the system which is exposed to the effects of a decision that has been taken into account. Developing an internal control system is perceived as a process that involves improving performance and governance, rather than introducing a new, additional system. The paper is presenting some considerations regarding the effectiveness of risk management approach used in Romanian public entities, based on the latest reports published. There are also pointed out some principal causes for this implementation level of Risk management Standard, along with some selective proposals for improving the results of this risk based approach

Parole chiave

  • internal managerial control system
  • public entities
  • risk management
  • managerial decision
  • system vulnerability
Accesso libero

Expectations regarding the application of internal managerial control system in Romanian public entities

Pubblicato online: 27 Jul 2020
Pagine: 673 - 683

Astratto

Abstract

Community legislation in the field of internal managerial control (IMC) is largely made up of general principles of good practice, which are accepted also internationally. The manner in which these principles are transposed in the internal control systems is specific to each country, being determined mainly by the legislative, administrative, cultural conditions etc. It is necessary to deepen these aspects of IMC from the development perspective of the managerial decision making point of view. In the public domain, according to the requirements of the specific normative acts in Romania, as well as the European Commission, the rigorous, efficient, effective and transparent use of public funds is essential. For monitoring the managerial decisions in order to meet these requirements, the IMC system in public entities is established at both national and international level. The implementation of the IMC system is a necessary measure, in the context in which the public institutions are managing, both public funds that are allocated to them, and the public patrimony that is under their management. From this perspective, it is obvious that, in the absence of an IMC system, it is not possible to reasonably ensure the efficiency, the effectiveness and the economy of the operations carried out by the public entities. In this context, the current study is proposing a holistic analysis on the correlation between expectation and achievements regarding the application of the IMC system in Romanian public entities. Thus, starting with the latest report published in august 2019 by the Internal Managerial Control and Interinstitutional Relations Department from the Romanian Government’s General Secretariat (DCIMRI, 2019) regarding the IMC implementation in Romania, the aim of the paper is to point out the issues identified in the implementation practice of IMC standards and to judge the results in terms of expectations.

Parole chiave

  • internal managerial control system
  • public entities
  • managerial decision
  • sensitive functions
  • documented procedures
Accesso libero

Methods and Devices to Improve the Complex Human Being Functioning

Pubblicato online: 27 Jul 2020
Pagine: 684 - 696

Astratto

Abstract

The research presents in the first part of the article an original experiment recorded with a Thermo-Vision camera. It reveals the possibility of the human being to direct energy inside the own body but also to the exterior, to heal other persons. The subject, the first author of this article, sent continuously energy to his palms about five minutes. During this time the temperature of his hands grew with more than two degrees Celsius. The subject did not move at all. The energy can be thus directed then further to other persons in need, to help them recover their health. The second part of the article reveals how our inventions rewarded with a lot of gold medals and not only, the Bio-Chips Doctor Tech, can be used to improve the human general state. A very significant experiment is presented, where with the help of these devices the first author of the paper reached for example a general balance of 99.98%. The third set of measurements presented in the article was made by means of three original types of Keshe devices. The first author of the article changed the energy at the level of the own third eye by means of the devices and could significantly improve his own state. These results are also presented in the last part of this article. For the second and the third sets of measurements, the general state of the person was evaluated by means of a Bio Well device. All the three previous types of the measurements are very original and suggestive for how we can help the others. The general purpose of the article is to show that we can do more in different ways for the others, about their health, their level of energy and their level of performance.

Parole chiave

  • The complex human being
  • the soul of the physical body
  • Bio-Chips devices
  • Keshe devices
  • the human energy level
  • the human energy centers
  • Bio Well device
Accesso libero

Considerations regarding improving the ecological and environmental performance of agriculture

Pubblicato online: 27 Jul 2020
Pagine: 697 - 707

Astratto

Abstract

The agri-environment economy provides a significant database for environmental policy decisions. The prioritization of an actionable behavior regarding the agri-environment vulnerabilities, favors the orientation of the agriculture through more environmentally responsible methods, represents a current trend, with a broad support within the Common Agricultural Policy (CAP). The promotion of an agricultural model capable of ensuring its own sustainability implies the existence of a set of common values and rules in which to buy as many producers as possible, with a common objective, respectively to reduce greenhouse emissions and to promote an ecological responsibility of the production model. Agriculture can significantly contribute to achieving the objectives of reducing the negative effects of climate change, not only from the perspective of ensuring the conservation of carbon reservoirs, which are still present in the soil, or by expanding their size and favoring the formation of humus, but in particular by reducing the consumption of energy needed in agricultural production and the supply of biomass needed for renewable energy production., much greener. The transition to a low carbon economy, more environmentally responsible, in the national agricultural sector can contribute, both to the significant increase of food security, but also to the optimization of the agricultural production structures, which will thus conform more easy to environmental requirements. It becomes primarily the role of implementation in agriculture of feasible standards more environmentally friendly, and environmentally friendly in this context, the research in the field and the continuous training acquiring new values. An important role is played by the implementation of best practice methods in the proper management of the land and the promotion of organic production models can significantly contribute to increasing the carbon absorption in the soil and, at the same time, to indicate possible improvments in their performance.

Parole chiave

  • agri-environment
  • environmental
  • agricultural
  • carbon emissions
  • methods
Accesso libero

Discrepancies in European Union Funding across member nations and sectors as of 2019

Pubblicato online: 27 Jul 2020
Pagine: 708 - 716

Astratto

Abstract

This paper aims to explore the discrepancies in attracting European Union funding across member states and across different sectors of activity. Specifically, it aims to discover if there is a set of rule or model that can be attributed to the structure of European Union funding across nations and sectors to discern if some sectors are much more lucrative from the point of attracting European Union funding than others. In addition, beyond the purely economic and business considerations, the article wants to investigate if some ideologies, regimes, or parties are more successful in general in attracting European Union funding by sharing membership between European international parties or other reasons such as funding majoritarian populist parties to sustain European Union membership. The topic is of recent international economics significance in the context of Brexit and the buildup of Eurosceptic sentiments across the European Union as well as the international polarization between blocks of political power in the global trade war. This topic has been addressed partially before, mostly by journalists but represents a niche novelty in academic studies of International Relations. The methodology used will be both through argumentation of historical and current evidence as well as empiric data collection.

Parole chiave

  • discrepancies
  • European Union funding
  • sectorial differences
  • strategic sectors
  • political disparity
Accesso libero

Accessing the European funds for agriculture and rural development in Romania for the 2014-2020 period

Pubblicato online: 27 Jul 2020
Pagine: 717 - 727

Astratto

Abstract

This paper aims at identifying the extent to which Romania has accessed European funds for agriculture and rural development in the 2014-2020 period. During this financing period, Romania has received more than 8.12 billion euros from the European Union budget, more precisely from the Agricultural Fund for Rural Development (EAFDR), through the National Rural Development Programme (NRDP). Five percent of the available amount was allocated to the Leader approach at local level and at least 30% was allotted for environmental protection measures. This paper will analyze the number of projects which were submitted, selected and contracted and the payments made until 2019. Subsequently, an analysis will be carried out of the NRDP sub-measures in order to prove the usefulness and necessity of this type of structural programme. The rate of absorbtion of European funds will be closely correlated with indicators such as the evolution of the GDP / inhabitant, the population and the number of enterprises in rural areas, the employed population and the number of enterprises in agriculture, forestry and fisheries, the development of villages through the construction or modernization of roads, sewage infrastructure, water and gas. To conclude, the positive and negative aspects regarding the implementation of European funds will be listed, especially in the fields of agriculture and rural development in Romania.

Parole chiave

  • European funds
  • agriculture
  • rural development
  • Romania
Accesso libero

Perspectives and reviews in the use of narrative strategies for communicating fake news in the tourism industry

Pubblicato online: 27 Jul 2020
Pagine: 728 - 734

Astratto

Abstract

In this article we review research from the past decade that explores how elements of communication from social media and press articles influence the decision making for choosing a travel destination. ‘Fake news’ has the potential to impact opinions, expectations and behaviour of tourism consumers. Perceived as an important threat to modern democratic societies, the course of intentional false data dissemination is able to disrupt perception and throughout the normal functioning of state institutions and private companies. Hence, manipulation of information shapes differently the image of tourism destinations, accommodation units, cruise ships and even tourist attractions mostly in order to produce higher economic benefits. Unfortunately, sometimes ‘fake news’ spreading could be detrimental to tourist destinations and operators. In order to pursue, cope, absorb and adjust threats related to ‘fake news’, we will use and approach in a later work the aspects regarding a ‘societal resilience’

Parole chiave

  • narrative strategies
  • fake news
  • travel industry
  • strategic communication
  • social influence
  • societal resilience
Accesso libero

Public procurement in Romania: environment, stakeholders and critical success factors

Pubblicato online: 27 Jul 2020
Pagine: 735 - 745

Astratto

Abstract

Public procurement represents the most important link between the public administration and the economy of a state, through which governments buy annually very high value products, works or services. Knowing the characteristics of the environment, critical success factors and stakeholders is of great importance because these are the three main elements that contribute to the award of public procurement contracts and the efficient spending of budgetary funds. The research presents an analysis of the specialized literature, the main statistical data from the official public procurement reports and identifies the most important characteristics of the environment in which public procurement takes place in Romania, the stakeholders and the critical success factors in this field.

Parole chiave

  • public procurement
  • environment
  • stakeholders
  • critical success factors
  • e-procurement
Accesso libero

Russia’s Growth as a Regional Power in the Context of the Eurasian Economic Union

Pubblicato online: 27 Jul 2020
Pagine: 746 - 754

Astratto

Abstract

We are currently witnessing the emergence of new poles of power, practically from the bi-polar model of the post-World War 2 world, the Russian Federation has made in the last years made great efforts to introduce a multi-polar model, in other words it is seeking to affirm itself again on the world stage and gain leadership as a pole of power for the eastern Europe. There is a direct correlation between the status of „regional leader” and the economic power of the country who wants to achieve this status. Taking into account a set of indicators such as: share in the world GDP, trade and investment flows, the European Union, USA and China are at the moment the biggest poles of economic power in the world. Russia aspires to expand its influence and within the context of the Eurasian Economic Union seeks to reach the status of regional economic power. The main research questions of the article is if Russia can achieve through the Eurasian Economic Union and strategic partnership with China, the status of regional power and be a serios contender to the European Union. The article follows a qualitative methodology and examines the possible implications of the European Union- Eurasian economic Union competition at a regional level and Russia’s perspectives to achieve, as the leading force of the Union, a greater influence from an economic and geo-political perspective. The final section analyses the impact that the growth of the Chinese economy has had on the European Union as well as the Eurasian Economic Union. In this context, Russia has moved its attention towards Asia, particularly towards China, with whom all evidence points, is trying to form an alliance against the West, and is trying to capitalize on the ongoing trade war that is enfolding between the USA and China. The article concludes that Russia needs China, as the world’s second largest economy and important regional power more than China needs Russia and their current relationship is based more on their personal need to undermine other powers than any true common visions.

Parole chiave

  • Russian Federation
  • Eurasian Economic Union
  • regional power
  • China
  • economic growth
Accesso libero

FEED - Modeling the relationship between education and food waste

Pubblicato online: 27 Jul 2020
Pagine: 755 - 768

Astratto

Abstract

As formed by humans, which are living creatures full of contradictions, our society is characterized as well by lots of paradoxes. One could say that it has never been so wealthy and educated, while others would declare themselves as being grateful for a simple glass of water or a slice of bread, as the world wide abundance of goods and opportunities is counterpointed by deep scarcity, sometimes not too far from the sources of waste. Therefore, quite large amounts of edible food that could have been consumed end up in landfills, thus contributing to environmental pollution and social disparities. Despite many studies conducted in order to better understand the causes of this phenomenon, and although at the EU and UN level some actions were taken in order to reduce consumer food waste, the topic still remains open and it lacks a clear and impactful approach. In this light, we made use of the results of previous studies, and we built the causal model, FEED, based on system dynamics, with the aim to explore the impact of the evolution of educational attainment on the aggregate of household food waste. We then translated the model into the tenet of the dynamic simulation software, TRUE. There was no reinforcing loop displayed by FEED causal loop version, fact aligned with the evolution of our goal-variable when the simulation of the model was run, a result that make us to suspect the possibility of reducing food waste in the foreseeable future.

Parole chiave

  • higher education
  • consumer food waste
  • causal loop
  • dynamic simulation
  • dynamic model
Accesso libero

Tourists’ vision about the implementation of sustainable development practices in the hospitality industry in Romania

Pubblicato online: 27 Jul 2020
Pagine: 769 - 779

Astratto

Abstract

It has been shown that the development of tourism brings many benefits to the areas where this activity takes place (jobs, incomes for the community and for individuals, etc.), but it also has some shortcomings, such as the environmental degradation and the negative impact on local traditions. In order to stop these negative effects, the concept of sustainable development must be applied. This paper wants to identify the extent to which tourists are familiar with the term of „sustainability” and how they perceive the implementation of sustainable practices in the tourism sector in Romania. The research also wanted to reveal whether the application of sustainable development practices in this sector influenced tourists in choosing a specific economic agent. The authors have conducted a qualitative marketing research, and interviewed tourists who have used tourist services in Romania for the last 5 years. The research was based on the semi-structured depth interview method. The results show that most of the interviewees do not have a very clear idea about the concept of „sustainability” and that of the implementation of consistent practices in the hospitality industry. Therefore, they do not consider the application of these practices when choosing a certain economic agent for spending their free time. The results of this research can be the basis of some governmental and nongovernmental programs for educating potential tourists regarding the impact of tourism on the environment and the need for sustainable development of this sector. Also, these results can be useful to the economic operators in the tourism industry, to consider participating in the sustainable development of the sector and to take measures to promote the sustainable practices that they have applied.

Parole chiave

  • tourist
  • hospitality industriy
  • sustainable development
  • economic agents
  • qualitative research
  • education programms
Accesso libero

Improving firm sustainable performance: the role of market orientation

Pubblicato online: 27 Jul 2020
Pagine: 780 - 787

Astratto

Abstract

An outstanding objective of the UN and EU in recent years is to improve the environment in which firms operate. This has increased pressures on companies from consumers, governments, and shareholders alike to develop and implement sustainable business practices. Literature has covered other strategic decisions that will improve a firms’ sustainable performance but no study has looked at this from a market-orientation perspective. However, a firm’s market orientation is regarded its capability that enables it to identify and respond to customers’ desires in order to deliver superior value to them. Other literature has affirmed market orientation as the most critical source of sustainable competitive advantage. Evidently, market-oriented companies can incorporate sustainability activities into their overall business strategies but there is a gap in knowledge as to what extent this affects firm sustainable performance. This conceptual paper, therefore, fills this gap, hence, analysed the impact of market orientation on sustainable performance of firms, and provides an argument on the market orientation to sustainable performance relationship. To achieve this, the study reviewed literature obtained from several databases concerning the related fields. Literature search was conducted using the keywords search via Google scholar engine and other research databases including Scopus and Web of Science. The individual variables were used as key search terms, though a limited amount of information was found, literature on market orientation proved promising. Articles deemed relevant to this conceptual paper were retrieved and reviewed. Additionally, books on the topic were searched using the same key search terms used in the research database. The findings confirmed the relationship between market orientation and firm sustainable performance. Further, it evaluated the mediating and moderating variables that impact the relationship between market orientation and firm sustainable performance. It is recommended that an empirical study is done to prove the strength of the relationships.

Parole chiave

  • sustainable performance
  • market orientation
Accesso libero

Romanian customers’ satisfactions regarding private health services

Pubblicato online: 27 Jul 2020
Pagine: 788 - 796

Astratto

Abstract

Nowadays customers become more concerned about private health services, as performance, innovation and creativity overspread into our lives. Digital health services development in Romania has grown gradually through the acquisition of state-of-the-art equipment as RMN Siemens Magnetom Essenza machine, CT Optima 520 available in Romanian health private clinics. Is the e-health the future of health services in Romania? The answer will be a strong yes. Immunotherapy has revolutionized cancer treatment by leveraging the immune system to fight tumors. The hope is that someday immunotherapy options will exist for all types of tumors. On the other hand, 3-D printing allows the user to create health products specific to the patient, including prosthetics, implants, and airway stents. More than that, Virtual reality/mixed reality applications have become popular in Romanian medical education. Robotic approaches to surgery are less invasive and faster, and are often associated with improved clinical outcomes, such as decreased recovery time and reduced pain. For example, the da Vinci Surgical System translates the surgeon’s hand movements to smaller movements made by the robot inside the body, all visualized via laparoscopy. The da Vinci System has been used on more than 3 million patients globally. The present paper researched the Romanian customers’ satisfactions regarding private health services. The sample size was 400 people, of which 168 males and 232 females, with an average age of 40 years old, all from the urban area, developed standard of living with an average income of 1,500 euro per month. The results have shown that Romanian customers are willing to pay for private health services more than 500 euro per year. Romanian customers had declared in proportion of 68% that are satisfied with the prices of private healthcare networks, in proportion of 79% that are satisfied with the medical services offered by the private healthcare networks. In what it concerns the surgery performed by robots instead of doctors, only 45% customers had declared in the robots favor. Further insights will be discussed in the research paper and concussions will be drawn reflecting the assessment of the Romanian customers’ satisfaction regarding private health services.

Parole chiave

  • marketing
  • research
  • satisfaction
  • e-health
  • services
Accesso libero

Methods of analyzing and evaluating the marketing environment specific to online trading

Pubblicato online: 27 Jul 2020
Pagine: 797 - 806

Astratto

Abstract

Since its inception, e-commerce had a strong impact on the way of thinking and doing business. Also, e-commerce had a strong influence on the world economy by destroying time and space barriers, offering both traders and consumers the opportunity to interact and engage in commercial transactions (no matter where they are located). Marketing environment has a significant influence on both the online stores and the shops of traditional commerce. Thus, companies must always be aware of all changes in the marketing environment. Internal and external factors can be studied and controlled so that weaknesses become strong points and threats turn into long-term opportunities. We will try to prove that elements of marketing macro environment, for example technological ones, influence in a very particular way the activity of electronic commerce companies. We also think that interacting with marketing micro environment factors, such as supply-chain sales (supply chain management), is totally different from what happens in offline trade. In this sense, two marketing researches, a qualitative focus group and another quantitative on a sample basis are made. These researches have as main objective the study of the perception of companies about the impact of environmental factors on their activity. The analysis and the results included in this paper will be useful to the companies that carry out their activity in the online environment, but also to the researchers who approach this field.

Parole chiave

  • marketing macro environment
  • marketing micro environment
  • supply-chain
  • marketing research
  • online trading
Accesso libero

Innovation trends in Romanian logistics providers industry

Pubblicato online: 27 Jul 2020
Pagine: 807 - 818

Astratto

Abstract

The purpose of this paper is to provide an overview of the innovation efforts employed by Romanian logistics service providers. Innovation in the service sectors, namely in logistics and supply chain, has gained increased interest from scholars in the last years. The implications in the business environment are to be noticed, since logistics and supply chain are the backbone of any business in the world. In this sense, the performance of the supply chain can make the difference between failure or success for many companies. A tendency that has become prominent in the last years is the outsourcing of a part or the entire supply chain to professional logistics providers. Romania makes no exception to this trend, although is relatively new and has been consolidated in the last few years with the emergence of major international players. However, in order to be performant, the logistics providers need to be innovative on a constant and consistent basis. This characteristic is emphasized by the relevant literature as a prerequisite for delivering a superior service to the customers. The aim of this paper is to complement the current research on this matter and determine the relationship between innovative efforts of the global/regional logistics services providers present on the Romanian market.

In order to understand this preoccupation, there have been reviewed the innovation and/or sustainability reports of 12 logistics services providers. The results identified common trends on innovation, but also few major differences. The present study is a first step in a larger research on innovation in Romania and it will be continued through several sectorial reviews.

Parole chiave

  • innovation
  • logistics providers
  • trends
  • customer service
  • supply chain
Accesso libero

Challenges for reducing food waste

Pubblicato online: 27 Jul 2020
Pagine: 819 - 828

Astratto

Abstract

According to the Food and Agriculture Organization of the United Nations, approximately one third of the food produced globally is wasted, by the private sector and consumers. Reducing food waste would have an essential role in fighting world hunger, by redistributing food that is not consumed. However, achieving this goal would not only have a positive social impact, but also an economic and environmental impact. The subject of food waste is strongly tied to the objectives of several international organizations and of public institutions that have lead awareness campaigns and have developed goals and policies for the reduction of the phenomenon. Reducing food waste would contribute to the achievement of the 12th Sustainable Development Goal of the United Nations, “Ensure sustainable consumption and production patterns”. For an efficient strategy, it is necessary that organizations and the involved people analyze and eliminate research gaps and the barriers for the reduction of food waste, both among consumers and private companies, such as producers, distributors, retailers, as well as the food service industry. The present article reviews the main challenges and barriers in achieving the reduction of food waste, both in the private sector, and among consumers. Among the main challenges that need to be tackled are the quantification of wasted food along the value chain, systematic reporting of wasted food and the evaluation of the causes of food waste.

Parole chiave

  • food waste
  • challenges
  • food waste causes
  • food waste quantification
Accesso libero

Consumers’ perception on the advantages and disadvantages of cookies and browsing history

Pubblicato online: 27 Jul 2020
Pagine: 829 - 837

Astratto

Abstract

The new internet technologies have changed radically the communication between consumers and companies and they had an important role in changing the way consumer data is gathered. In comparison to the traditional way in which several surveys and experiments have been done, nowadays the consumer data is stored with the help of different technologies. Nowadays the consumer is online most of the time and his/her entire activity is monitored by the intelligent systems and applications installed on his mobile device. This storage of consumer data gives companies the possibility to personalize the interaction to the consumer, but in the same time it gives an insight in the private life of the consumer. In our research we investigate the attitude and awareness of consumers towards the advantages and disadvantages of the storage of cookies and browsing history. The results show that there is an average perception on the advantages and a higher awareness on the disadvantages.

Parole chiave

  • consumer
  • cookies
  • browsing history
  • data protection
  • social media networks
Accesso libero

The role of celebrities for the image of endorsed products

Pubblicato online: 27 Jul 2020
Pagine: 838 - 846

Astratto

Abstract

Celebrities are, in recent years, a popular way to draw the consumer’s attention to an advertisement. In an age with an abundance of details and advertising, the celebrities ‘ glamour has the power to increase the advertised product’s exposure and to attract the attention of the consumer. Several researches have focused on analyzing the impact of celebrity endorsement on the success of brands by pointing out the importance of the match between the celebrities’ personality and the image of the endorsed brand. Besides the positive aspects, there have been also pointed out the different disadvantages of using celebrities in advertising such as the overshadowing effect or the exaggerated costs involved. The results of our quantitative research have shown that, although there is not a high declared interest in celebrity endorsement, it has a role especially in shaping the social status of the consumer and that women are more attracted by celebrity endorsed product in comparison to men. :

Parole chiave

  • celebrity endorsement
  • consumer
  • advertising
  • attention
  • eye-tracking
  • neuroscience
  • brand identity
  • human brands
  • social media
  • commitment
Accesso libero

Lean and Agile model implementation for managing the supply chain

Pubblicato online: 27 Jul 2020
Pagine: 847 - 858

Astratto

Abstract

Even though both researchers and practitioners propose several approaches to supply chain management research and the scientific literature shows that several methods have been implemented for supply chain management, the studies carried out have not revealed a formalized process or a clear method for supply chain integration. Indeed, there is a specific way to achieve this integration in the supply chain and there are differences in how one company does it compared to another. More recently, an alternative based on the Lean and Agile paradigms has been presented. The implementation of the Lean and Agile models to the supply chain aims to improve and simplify the production and the process of minimizing or eliminating wastes of all kinds, raise the productivity of the supply chain, increase the capability to respond quickly to unpredictable and changing customer demands and to take advantage of the uncertainty and the volatility of the market in the medium term. The main objective of this paper is to conduct an impact study on the implementation of Lean and Agile models in the supply chain, based on a review of the scientific literature concerning the models implemented to improve the productivity of the supply chain. We aim to identify and analyze the research carried out regarding the implementation of Lean and Agile models in order to improve the supply chain management, the results achieved and future research directions. Although the Lean and Agility paradigms are distinct and can be developed differently, they can be successfully integrated into a well-designed supply chain integration that involves a substantial degree of ambiguity in terms of significance and level of application across different supply chains, in order to increase the capacity to act, react and adapt to changes in demand and supply.

Parole chiave

  • supply chain management
  • lean Model
  • agility
  • Lean and Agile Supply Chain
  • digital world
Accesso libero

Digital marketing on destination sustainability Study case: Romanian Ecotourism

Pubblicato online: 27 Jul 2020
Pagine: 859 - 867

Astratto

Abstract

Marketing and publicity have played a very significant role in promoting touristic destinations. Over the years, destinations promoted in papers, magazines and even movies, have become more and more crowded. This phenomenon even happened to the extent that it threatens the local environment and the wellbeing of locals. By studying recent news regarding popular tourist destinations, the article will observe the shift in the mindset of both tourists and policy makers. Therefore, should campaigns be held to raise awareness regarding different threats a destination faces, a shift of mindset will occur. This can be observed from the point of view of policy makers, locals and even tourists. The aim of this article is to study and compare both, publicity done for sustainability and publicity done for the sake of popularizing a touristic destination. Through this comparison the article wants to see if there are any changes in the behavior of tourists when reaching specifically advertised destinations but also if certain types of publicity have determined policy makers to take a stand for sustainability.

Parole chiave

  • sustainability
  • marketing
  • publicity
  • policy
  • tourism
  • destination management organization (DMO)
Accesso libero

The history of economics and the Constructal Theory

Pubblicato online: 27 Jul 2020
Pagine: 868 - 877

Astratto

Abstract

The signs of a new crisis appear. Some countries are moving towards real assets (gold, oil); the real estate market froze, as did the credit market; sales are on a global decline. The world has become accustomed to economic cycles and crises. At the theoretical level, efforts are aimed at finding practical methods of prevention and especially of combating the negative effects on economic cycles. The market of theories regarding the internal causes and mechanisms of economic cycles has stabilized. The theoretical barricades were formed and strengthened and now the projectiles are thrown from one side to another. Demand theories and supply theories give partial explanations, but with claims of total theories. Is it possible to see something new at the theoretical level about the causes and mechanisms of economic cycles? We think so. We believe that the Constructal Theory of Professor Adrian Bejan has an explanatory power over the present theories about the causes of the economic cycles. The perspective offered by this theory is new and offers explanations for aspects that are difficult to understand in other theories. Through this article we want a rewriting of economic history, from the perspective and through the lens of this theory. We believe that we offer a broader and deeper explanation of the causes of economic cycles using a theoretical tool borrowed from other sciences, but with great explanatory powers in the social sciences. We will rewrite the economic history by discussing: S-evolution of economic stages; overlapping economic flow systems; systems evolving from one another; increased resource consumption and increased resource efficiency. The results of this study indicate that abusive interventions in the economic system create problems. The economic system, which is essentially a flow system, like any other system, must be allowed to evolve freely.

Parole chiave

  • flow systems
  • economic cycles
  • money
  • central banks
  • braking and acceleration systems
Accesso libero

Study on methods for evaluating employees performance in the context of digitization

Pubblicato online: 27 Jul 2020
Pagine: 878 - 892

Astratto

Abstract

This paper highlights the main elements of a doctoral research regarding the efficiency of workers evaluation process in the workplace. Based on the global competition, organizations are in continuous quality improvement of their processes to stay competitive. The focus is on motivating and constantly offering constructive feedback to the employees by evaluating them on the following criteria: job description requirements, operational objectives and behavioral objectives. The aim of this study is to confirm that in the context of digitization, both evaluation based on objectives and 360-degree evaluation have its advantages and disadvantages and to analyze the impact of it in organization’s performance. Since this process is divided in two parts (mid-year review and final review), an interesting research question would be how useful is to offer feedback to employees at the middle of the evaluation period and its impact on the final review. The first part of the paper will focus on defining the evaluation process and its scope, pursue by an analysis of 360-degree evaluation, evaluation based on objectives, and the evaluation process in the digital era. It would be a challenge to discover the inclination of organizations for different types of evaluations as well as perception differences between employees and employers. Many researches consider that one of the used methods implemented in companies is the evaluation based on objectives. A larger documentation on this subject would delimit the types of evaluations to help companies to easily choose the type that fits its culture. For this purpose, we will perform an outline on the existing literature by analyzing authors’ opinions on this subject and identifying advantages and disadvantages of the two types of evaluation specified above.

Parole chiave

  • employee performance
  • performance evaluation methods
  • evaluation based on objectives
  • 360-degree evaluation
  • digitization
Accesso libero

Indefinite vs. fixed-term work contracts: the impact over the teachers’ work-engagement

Pubblicato online: 27 Jul 2020
Pagine: 893 - 905

Astratto

Abstract

A teacher’s work during the school year should be seen as a marathon or as a sprint? This paper intends to contribute to the expanding body of literature on the work-engagement issues of education employees from a perspective of strategic human resources management. It investigates how the length of their working contracts influences the level of engagement shown for their work. It was assumed that the existence of an indefinite or a fixed-term work contract brings up aspects such as stability, predictability and coherence for a teacher’s work, all thought to be parts of a positive engagement state of mind. Nevertheless, the acknowledgement and the acceptance of a short time collaboration could bring just as good results if the focus remains on the present moment. In order to gain a better understanding it was performed a quantitative research materialized in a questionnaire, answered by school teachers employed under both forms of contracts. The findings of this study are of value for any of the educational field stakeholders as the system’s human resources are the most valuable asset for a qualitative result. In the end, implications of a predominant engaged or disengaged stuff will be discussed and human resources management suggestions will be made.

Parole chiave

  • engagement
  • work-contracts
  • work
  • teachers
  • education
Accesso libero

The importance of human capital and the human organization management in a crisis situation

Pubblicato online: 27 Jul 2020
Pagine: 906 - 914

Astratto

Abstract

The main attributes of an organizations are characterized as open and dynamic social systems, able to develop individually. In essence, an organization is a social system with human capacity, beyond the means of production, essential to the formation, operation and development of an organization. Interactions between people and the connections between them are important in achieving the goal of the organization. The objectives of the organization must coincide with the goals of the organization’s leadership and meet the needs of those involved in the production system, so the level of connection between human capital and resources is essential. Human capital is the most important factor for the organization, it represents the accumulation of professional skills, combined with the creativity and initiative of each person, together generating essential resources to the organization and producing services and materials meant to generate profit. Each organization invests in forming and developing the human capital in order to create specialists in the industrial branches that the organization develops. Satisfaction with the basic needs of employees is an essential factor in the organization’s development. If this is not the case, the human capital can be destabilized slightly and can cause the state of crisis. Defeating human primordial needs can lead to an increase in the state of crisis of the organization, thus being able to evolve until the collapse of the organization.

Human capital, in the event of a crisis, regardless of its nature, is the most important factor. The human factor decides how the crisis will be perceived and the means used to end the crisis.Knowing the human capital, the needs and especially the abilities of each employee can help the organization overcome a crisis moment easily and can solve an emergency without involving all the factors at its disposal.

Parole chiave

  • human capital
  • human factor
  • human organization management
  • state of crisis
  • organization needs
  • level of connection
Accesso libero

Performance – Based Budgeting – an option or a necessity

Pubblicato online: 27 Jul 2020
Pagine: 915 - 924

Astratto

Abstract

The paper aims to present the concept of Performance – Based Budgeting and its importance for the economic development of a country. Performance – Based Budgeting is applied since decades ago in countries like Sweden or USA, whilst the others may learn from the good practices examples offered by the two. The present research highlights the advantages of implementing this concept, the suitable ways for implementing it, the obstacles that are often encountered and important recommendations for improving its use. The research was based on the literature review of the publications and the official data available in the studied field. The results of the paper contributes to implementing Performance – Based Budgeting in Romania but also to improving its implementation in other countries. Therefore, the paper offers solutions to stimulate a sustainable economic development of a country. The conclusion will reveal if Performance-Based Budgeting is an option among other concepts or a strong necessity for nowadays economic challenges.

Parole chiave

  • performance
  • project management
  • participatory budgeting
  • sustainability
  • development
Accesso libero

Determination by the Settlement Systems of the Required Collateral Imposed to Participants

Pubblicato online: 27 Jul 2020
Pagine: 925 - 939

Astratto

Abstract

The dynamics of the increase in volume and amount of the financial or commercial transactions during the last decennials has amplified the role of clearing and settlement systems, along with the payment ones. From the quality of these systems as a financial markets stability provider also derives the concern for the management of financial risks mainly generated by the participants in these systems. The clearing-settlement systems, operated by infrastructure entities of the capital markets, ensure, within certain limits, a risk management for the incidents that could occur in the settlement activity regarding the financial transactions concluded between participants. We are going to present a methodology for determining the required collateral that must be maintained/updated by the debtor participants of a clearing-settlement system in order to ensure a robust management of the risks that could occur in the settlement operations. This methodology can be applied by any infrastructure entity of the capital market that manages collateral systems to limit the number of cases of settlement fails in financial transactions.

Parole chiave

  • Collateral System
  • Settlement Operations
  • Securities Settlement System
  • Participants
Accesso libero

The changing landscape of economy: social and technological progress in explaining the informational efficiency of capital markets

Pubblicato online: 27 Jul 2020
Pagine: 940 - 952

Astratto

Abstract

In today’s ever-changing landscape of economy, one of the fundamental problems remains whether market mechanisms are functioning in an efficient way, and which are the variables impacting those levels of efficiency. The main objectives of the present paper are to contribute to a better understanding of market mechanisms, by testing the Efficient market hypothesis on its weak form at a macroeconomic level, and to assess the impact of technological and social progress, measured through different variables, on markets informational efficiency. We use an adapted version of L. Kristoufek si M. Vosvrda (L. Kristoufek, M. Vosvrda, 2013, 184) methodology for Efficiency Index, based on long term memory (using 2 estimators), fractal dimension (using 11 estimators), and entropy (estimated through the approximate entropy), in order to assess the levels of efficiency for 20 market indices from both developed and emerging or frontier economies, from the Eurasia region. Further on, by using the Bayesian Model Averaging (BMA), we study the impact of technological and social progress on markets informational efficiency. Main results of the study reveal the existence of a market dynamics characterized by areas with distinctive levels of “informational efficiency”, within both developed and emerging economies, encompassing a non-negligible link between past and present, persistence or anti-persistence, and a high data complexity. Moreover, while studying the relationship between market efficiency and social and technological progress, we observe that variables such as Government Effectiveness, or Control of Corruption, have a positive impact on the levels of efficiency of capital markets, while most of the technological progress estimators (amongst which Computer, communications and other services (% of commercial service exports), or Individuals using the Internet (% of population)), have a negative impact, translated into a decrease of informational market efficiency on the short run (the rise of high frequency trading).

Parole chiave

  • market efficiency
  • high frequency trading
  • efficiency index
  • technological progress
  • social progress
  • worldwide governance indicators (WIG)
  • adaptive market hypothesis
Accesso libero

An ANP approach to estimate the market shares of the car industry companies in Romania

Pubblicato online: 27 Jul 2020
Pagine: 953 - 962

Astratto

Abstract

Car industry is one of the most important sectors in Romania with a significant impact on country’s GDP. This paper presents the construction and the evaluation of an Analytical Network Process (ANP) market share model, which emerged from extended in-depth interviews with top managers of the main Romanian car industry producers. ANP model was used to estimate the market share and compare the results with the actual values, expressed by Saaty’s compatibility index, then validate this model and offer comparative numerical weights of importance car industry in Romania. The conclusions of the article are in line with the research in the field and show that the automotive market shares in Romania estimated by the ANP model are confirming the companies’ calculations. The software we have used in our analysis was Super Decision 3.2 software.

Parole chiave

  • car industry
  • ANP
  • market shares
  • decision model
  • compatibility index
Accesso libero

Evolution or regress of the size and scope of global phenomenon of money laundering

Pubblicato online: 27 Jul 2020
Pagine: 963 - 974

Astratto

Abstract

The challenges facing an international economy in which the importance of the tertiary and quaternary sectors greatly increases, sometimes to the detriment of the primary and secondary ones, in which the financial flows far outstrip the real economic ones and in which the picture of the market participants is changed radically, they are increasingly numerous, more complex and require another type of mechanism to meet them. An almost organic companion of the processes of liberalization of the cross-border economic and financial flows and of the deregulation required by the alignment with the dominant economic philosophy, the non-functionalist one, has been the phenomenon of proliferation of tax havens towards which more and more financial assets flows for decades. These developments are concomitant with the deepening of income inequalities, between states but also within them, with the amplification of the acute lack of resources which can deal with some of the effects of worrying climate developments, with the placing of analysts in the academic environment but also of the political decision makers. of the subject entitled “just transition”. The amplification of the financial transactions carried out through these areas of derogatory taxation, has led to the accumulation of great dissatisfaction among several segments of the company that demand the reform of the economic governance mechanisms so that one can hope to correct the blatant malfunctions and to bring to light and bring to light under the control of civil society of societal deviant behavior from public morality and economic rationality. As a result of scandals of great media relevance, there has been an increasing tendency in international society to take measures, both nationally and internationally, which will help reduce the money-laundering phenomenon. The author intends to analyze the effectiveness with which a series has been implemented and regulations meant to place under a stricter control the evolution of the money laundering phenomenon. The emphasis is on the particularities of money laundering through the Internet and Electronic Commerce because using such a mechanism through the use of electronic financial transfer, the huge growth in the size and speed of financial flows can reduce the chances of detecting the movement of illegal funds.

Parole chiave

  • globalization
  • underground activities
  • money-laundering
  • three F`s
  • methods to hide the origin of dirty money
Accesso libero

Involving cross-border organized crime networks from ex-Soviet sources in support of terrorism and their influence on regional economic development

Pubblicato online: 27 Jul 2020
Pagine: 975 - 983

Astratto

Abstract

This paper indicates how the actions of organized crime networks (especially the former the former Soviet Union) can affect, from an economic point of view, the elaboration of policies to combat transnational terrorism. Transnational organized crime poses a significant and growing threat to national and international security, with dire implications for public safety, public health, democratic institutions, and economic stability across the globe. Not only are criminal networks expanding, but they also are diversifying their activities, resulting in the convergence of threats that were once distinct and today have explosive and destabilizing effects. Ex-soviet organized crime networks represent a significant threat to economic growth and democratic institutions. Nuclear material trafficking is an especially prominent concern in the former Soviet Union. Because some terrorist-extremist organizations are criminal groups that have a specific organization, logistics, specific training and education systems that cannot work without having material and financial resources. As a result, one of the most effective ways to fight the threat of terrorist organizations is to combat terrorism financing. Within the European Union, the primary responsibility for combating terrorist financing lies with the Member States. However, the EU can and should play a supporting role in helping to respond to the transnational nature of the threat.

Parole chiave

  • cross-border crime
  • impact of cross-border crime
  • transnational terrorism
  • economic development
  • European Union
  • democracy
  • terrorist organizations
Accesso libero

Theories and Strategies of Economic Development in the Region

Pubblicato online: 27 Jul 2020
Pagine: 984 - 994

Astratto

Abstract

The concern for increasing macroeconomic stability is specific to both, small and large countries within the European Community. In that paper are presented ways in which are made links between the states of the world policies and economies development characteristics. That study has imposed a new type of characterization sustained by the national economies manifestation whose is correlated with the interaction between governmental policies and also with national and regional factors. This interaction is conditioned by specify effect of the economic, scientific, demographic, social and cultural development of each country, part of European Union. Taking into account all the imminent obstacles over the years of nations existence, is demonstrated that the European Union is supposed over and over of a new development process, being considered one of the most economically prosperous areas in the world and also one of the most competitive. However, major weaknesses arise due to the existence of significant disparities in prosperity and productivity between Member States and component regions. The complexity of the regional development policy arises at the level of the European Union, from its objective of reducing the economic and social disparities existing between the different region of Europe’s that was and will be an objective that it has implications on important areas for development, such as economic growth, labor force, transport, agriculture, urban development, environmental protection, education. Registered at different levels (local, regional, national and European) - regional policy, deals with the coordination of the different sectors and with the cooperation between the decision levels and the balancing of the financial resources. The conclusion is related with the idea of a must follow regional development economies starting from national level respecting a certain dynamic. That aspect must also take into account the continuous changes determined by the restructuring of the production and the increase of the competitiveness at national and local level.

Parole chiave

  • economic development
  • economic growth
  • cooperation
  • competitiveness
  • disparities
Accesso libero

Current account deficits and implications on Romanian economy

Pubblicato online: 27 Jul 2020
Pagine: 995 - 1004

Astratto

Abstract

The current account deficit is becoming a concerning matter with regards to the Romanian`s economy growth`s perspectives, also holding the attention of international financial institutions and rating agencies. Deficits and surpluses with regards to the current account are, to some extent, normal features of each economy and, by definition, do not constitute macroeconomic imbalances that need to be corrected immediately. Even so, by the international`s standards Romania`s current account deficit is a significant one. This paper aims to analyze the reason behind the increased current account deficit and also issue a series of recommendations in order for the economy to function as close to it`s potential as possible.

Parole chiave

  • current account
  • economic growth
  • exports
  • imports
  • deficits
Accesso libero

National branding strategy and its effects on business and tourism

Pubblicato online: 27 Jul 2020
Pagine: 1005 - 1013

Astratto

Abstract

Branding is the process through which a products’ or a services’ brand image is changed or is being developed. Over time, the branding process was approached from many perspectives to serve different purposes, therefore the nation branding was introduced to create a recognizable image for a country, which started to grow year by year. The scope back then, was the same as now, meaning to consolidate a nation’s position in a competitive environment and to improve its reputation. A positive national image contributes to the economic growth by building up a touristic national brand, attracting foreign investors, building trust in the national companies and brands, it encourages exports, develops the public diplomacy and slows down emigration. A good national branding is advantageous for all parties involved, for the private and the public sector, as well as for all bodies and citizens, and these same parties play an important role in building it. While all parties involved are conscious about the need of a coherent brand and are willing to contribute to the branding process, it is actually a challenge to build functional models to implement it and facilitate a strategic communication. This article is using case studies and desk research to study suitable models and communication strategies, which can be applied in the national branding process. It is proposing good practices to bring together research, business, policy making actors and individuals.

Parole chiave

  • branding
  • nation branding
  • strategy
  • business model
  • communication

JEL Classification

  • M00
  • M30
  • M38
  • M10
  • M19
Accesso libero

The impact of international economic sanctions on national economies. The Islamic Republic of Iran - a case in point

Pubblicato online: 27 Jul 2020
Pagine: 1014 - 1023

Astratto

Abstract

This paper explores the impact of economic sanctions on national economies, with specific focus on Iran. It starts by conceptualizing sanctions in the set of economic policies and include them in the framework of economic statecraft, according to literature available. Several hypotheses that attempt to anticipate the form of sanctions are advanced, according to the intensity of geopolitical competition among the states. The analysis uses the case study of the regime of United States’ sanctions against the Islamic Republic of Iran. Tehran and P5+1 powers (the permanent members of the United Nations Security Council and Germany) agreed on a deal regulating the nuclear program of Iran - Joint Comprehensive Plan of Action, meaning that Iran would reduce its nuclear activities drastically in exchange of lifting economic sanctions. In spite of the initial enthusiasm, United States announced in May 2018 the unilateral withdrawal from the deal and reinstating the sanctions regime, spiking new tensions in the relation with Iran. As a result, the paper discusses the context in which Iran tries to pursue economic goals in order to ensure resilience, while the US imposes more pressure. In addition, the study also approaches the dilemma whether sanctions can ultimately generate political answers and at what costs. In this context, it is identifying several alternatives in the Iranian case, together with noting the limits of conceptual refinements in terms of sanctions’ theory.

Parole chiave

  • Iran
  • economic sanctions
  • nuclear agreement
  • global
  • impact
Accesso libero

Turning cross-cultural management conflict into collaboration: Indian and Romanian experiences in Global Project Teams

Pubblicato online: 27 Jul 2020
Pagine: 1024 - 1034

Astratto

Abstract

Global project virtual teams are increasingly common as organizations strive to maintain a global presence, find top and diverse talent, and cope with economic constraints. They include members from multiple nations and cultures who must work together while being separated by time and space. An internal research, which has been conducted in an international company active in the industrial sector of financial services, provides few insights into how integrating the Western values of individualism and low power distance with the Eastern values of collectivism and high power distance may influence cross-cultural conflict management. The purpose of this paper is to directly examine the impact of organization-level collectivism and individualism as well as high and low power distance – in case of global project teams that include Romanian and Indian experts – in order to determine the interactive effects of these factors on cross-cultural conflict management. The authors sustain the idea that understanding intercultural dynamics can facilitate collaboration and reduce conflicts in intercultural encounters at the individual, organization, and probably societal levels. Methodological approach is to use both secondary literature survey and primary research methods as interviews and short case-examples from authors’ direct consulting experience while working with global project teams. This pilot study – as part of a larger research project – contributes to fill one gap in the understanding of culturally heterogeneous project teams and is the starting-point for additional investigation in this area.

Parole chiave

  • Cross-cultural management conflicts
  • Intercultural collaboration
  • Individualism/collectivism
  • Low/high power distance
  • Global project teams
  • Financial services industry
  • Romanian Indian cultures
Accesso libero

Innovation and product management – The direction of the 21st century luxury market

Pubblicato online: 27 Jul 2020
Pagine: 1035 - 1045

Astratto

Abstract

Today, most of the so-called luxury streets are covered with advertisements and stores of the mass fashion brands. On Champs Elysées, next to Louis Vuitton and Cartier are brands like Zara and Naf-Naf. The implication of such a picture triggers much needed changes in the general strategy of the luxury brands in product management and innovation management. Constructing their whole core marketing and branding strategy on appealing to human emotions and psychology, the luxury market focuses on symbolism, rarity, extraordinariness, and, of course, aesthetics. Nevertheless, trying to opt out for the same textbook management is not an option for these businesses. Stepping up the pace in the innovation sector, starting with technology, and going all the way to the rapidly evolving consumer profile, the 21st century luxury market can truly support a long history by giving back to the community, with strong brand equity and long-term strategic and financial business innovation and product management. The paper represents a theoretical research aiming at identifying the main strategic direction of the luxury market in terms scientifically proved innovation and product management, with the scope of understanding the new trends in management, and the impact of the latter on bettering the market results of the businesses involved under the form of a model. The results of the research are consistent for both the practical and theoretical sphere of the subject, as they underline the extent to which the influence of consumer psychology and brand management affects the innovation process within the luxury goods market. The limitations of the paper are consistent with the lack of primary data, although the results were condensed in a model that could represent the basis for further research on the topic.

Parole chiave

  • innovation management
  • sustainability
  • luxury market
  • technology
  • brand management
  • consumer psychology
Accesso libero

Neuromanagement: the scientific approach to contemporary management

Pubblicato online: 27 Jul 2020
Pagine: 1046 - 1056

Astratto

Abstract

The last years have been marked by the attempts to approach the management discipline from a new, innovative perspective, in accordance with the present times, marked by complex challenges and highly increased competition. Given the importance and impact of scientific advances and also the explosion of research in the field of neuroscience, management had to be redefined and its critical variables had to be analyzed from a different perspective. An interdisciplinary vision was needed to enable future researches and explanations of the decision-making processes, leadership practices, change management, innovation, creativity, human resources performance, engagement of people and emotions. Literature review has been made, from the classical management theories and models, the historical concepts of man, to the new, full of perspectives spectrum of neuroscience, brain functioning and, its infinite potential, that opened new horizons, uncovered resources and tools to face the realities of the new business world. The main purpose of this article is to overview the transition from management to neuromanagement, from leadership to neuroleadership, the role and impact of these concepts on the holistic approach of management science. This evolution allows not only the confirmation of a set of assumptions but also access to a wide range of knowledge, with multiple possibilities of applications in organizational management and opens avenues for future researches.

Parole chiave

  • Neuromanagement
  • neuroleadership
  • neuroscience
  • brain activity
  • emotions
  • technology
  • performance
Accesso libero

Challenges and opportunities for creative-innovative clusters partnerships

Pubblicato online: 27 Jul 2020
Pagine: 1057 - 1070

Astratto

Abstract

Clusters of innovation are global economic “hot spots” where new technologies germinate at an astounding rate and where pools of capital, expertise, and talent foster the development of new industries and new ways of doing business. They are vibrant, effervescent ecosystems composed of startups, businesses that support the startup process, and mature enterprises (many of whom evolved rapidly from a startup history). In these ecosystems, resources of people, capital, and know-how are fluidly mobile and the pace of transactions is driven by a relentless pursuit of opportunity, staged financing, and short business model cycles. The aim of this paper, clustering, which is an important model in the development of the countries and the concept of innovation have been reviewed together. The most prominent feature of the industry is to produce Technology. Countries to focus on knowledge-intensive industries and businesses as a result of regional cluster policies for innovation are seen that there is a relation between. Clustering is an important model for an innovational development in Romania. The analysis was carried out for a period of 3 years, for which there were registered the main achievements in the field of product innovation, processes, organizational forms and marketing methods, new or significantly improved, obtained by companies, starting from January 2016 until December 2018, representing Romania’s contribution to the evaluation of the results of the European statistical research on innovation, 2018. Following the innovative activities in which the companies are engaged does the characterization of the innovation. The National Institute of Statistics provides the necessary means for carrying out statistical research on innovation in businesses in the business and industrial environment.

Parole chiave

  • Cluster
  • Innovative Clusters
  • Innovation in businesses
  • Industrial environment
Accesso libero

Erasmus+ programs-the need to create a competitive space of the Romanian education system

Pubblicato online: 27 Jul 2020
Pagine: 1071 - 1082

Astratto

Abstract

The need to create a competitive framework of the Romanian education system and the current needs of the labor market have aroused the interest of the human resource in the pre-university education, which manifests its interest towards the European funds that can be attracted in the field of education and which are necessary for the creation of a context that raises the education system to the standards of the European Union, a fact also demonstrated by the legislation in force. By the Government Decision no. 76 / 27.01.2005 and the Government Decision no. 67/2007 has been designated the National Agency for Community Programs in the Field of Education and Vocational Training (“Agency”, AN), as an agency for implementing the community programs “Lifelong Learning” (LLP), “Youth in action” (YiA) and Erasmus Mundus from 2007-2013. This document included the Europass National Center, the Eurydice National Unit and the Eurodesk National Office in the AN. In 2013, through the Government Memorandum no. 10988/ 09.12.2013, AN was designated as the Implementing Agency for the Erasmus + program, from 2014-2020, having as a mission the administration of the European Union program that supports the national project for the better change of communities, attitudes and mentalities of individuals. Erasmus + is the EU program in the fields of education, training, youth and sport for the period 2014-2020. Education, training, youth and sport make a significant contribution to combating socio-economic change, to Europe’s greatest challenges by the end of the decade, and to the implementation of the European policies for growth, jobs, equity and social inclusion. Combating the rising unemployment rate - especially among young people, has become one of the most urgent tasks of European governments. Too many young people leave school prematurely, thus risking becoming unemployed and socially marginalized. The same risk threatens many low-skilled adults. The technologies change the way the company operates, so their full use is necessary. European companies need to become more competitive through talent and innovation. Europe needs more cohesive and inclusive societies that enable citizens to play an active role in democratic life. Education and youth activities are essential elements for preventing radicalization through violence and by promoting common European values, social inclusion, enhancing interculturality and a sense of belonging to a community. Erasmus + is an important tool for promoting the integration of people from disadvantaged backgrounds, of newly arrived migrants, responding to critical events affecting European countries. The Erasmus + program aims to help the countries participating in the program to effectively use Europe’s talent and social capital, in a lifelong learning perspective, by linking the support provided to formal, non-formal and informal learning in the fields of education, training and youth.

Parole chiave

  • Erasmus+
  • education system
  • European Union
Accesso libero

The evolution of Romanian agribusiness in the context of sustainable development of agriculture

Pubblicato online: 27 Jul 2020
Pagine: 1083 - 1097

Astratto

Abstract

The agricultural competitiveness of the market depends to a large extent on the sustainable development activities that can lead to the improvement of the knowledge and professional competence of all the stakeholders from agribusiness and the Romanian agricultural sector is in an excellent position to help achieve the objectives of a smart, sustainable and inclusive economy which will allow an increased social cohesion, working together will also ensure the protection of the natural environment. Agriculture and the concept of sustainable development have received special attention due to their importance in the development of humanity as well as the impact of the phenomenon of globalization on its. Currently, there are numerous scientific studies, digital platforms for monitoring specific indicators in countries, as well as strategies and objectives at community and global level on these two-priority domains, all these inputs contributing to their improvement and innovation. Starting from the question whether the Romanian agribusiness contributes to the sustainable development of the agricultural sector, in order to carry out this research, within the methodology economic modelling was used, starting from the current situation of the Romanian agribusiness where official data and statistics were presented and analysed, as well as potential values of the main indicators needed for the transition of agriculture towards a sustainable development. The paper demonstrates that for the sustainability of the agriculture sector, an integrated approach is needed which consists in applying ecological and socio-economic concepts in the management and strategies of agribusiness. The paper contributes to the creation of a future image achieving sustainability of agriculture where the Romanian agribusiness sector must be managed from a holistic perspective based on a synergy with the elements of sustainable development.

Parole chiave

  • Sustainable development
  • Agriculture sector
  • Innovation
  • Inclusive businesses
  • Competitiveness
Accesso libero

Improving the performance of organizational innovation processes by applying the Six Sigma methodology

Pubblicato online: 27 Jul 2020
Pagine: 1098 - 1108

Astratto

Abstract

The purpose of this paper is to integrate the concept of innovation management with the Six Sigma methodology, focusing on the impact analysis of the quality management principles on the organizational innovation processes. To achieve this objective, the DMAIC methodology was used – define (D), measure (M), analyze (A), improve (I) and control (C). Based on this methodology by introducing innovation in the improvement phase of the DMAIC model, we developed the model called DMAIC - IM (DMAIC - Innovation Management model). A case study related to the implementation of the DMAIC-IM Model was carried out within a company that produces and sells products for the automotive industry. Thus, the performances of the processes were measured, the obtained values were compared with the ideal values from a statistical point of view and the methods for eliminating the variations were identified. Also, the critical factors of the innovation success of organizations were analyzed resulting ways to remove the obstacles that lead to this success. According to the research results, the application of the Six Sigma methodology has a positive impact on the performance of the organizational innovation processes. The proposed solution has a set of indicators and can help organizations to improve their system of evaluating the innovation processes performances.

Parole chiave

  • Six Sigma
  • innovation processes
  • processes performance
  • performance indicators
  • quality management
Accesso libero

IoT Communication Security Issues for Companies: Challenges, Protocols and The Web of Data

Pubblicato online: 27 Jul 2020
Pagine: 1109 - 1120

Astratto

Abstract

This article analyzes and highlights the security perspective of Internet of Things (IoT) connected devices and their communication challenges, as IoT is considered one of the key emerging fields in Industry 4.0. The IoT architectures can consist of physical systems, virtual ones or even hybrids, combining a collection of different physically active things, sensors, cloud services, specific IoT protocols, communication layers, users and developers. On top of all, it is the business layer, because the scope of the entire IoT environment is to deliver data, to monitor and to facilitate the management of complex processes. In order to facilitate the data exchange between the IoT layers, there have been developed a series of protocols particular to the IoT domain. As in many IT related fields, the solutions are not perfect from the data security and privacy perspectives, many challenges being still open research issues. As the two concepts of IoT and Cloud of Things are connected, bringing real world data into the Cloud to process it, raises Cloud Computing security concerns regarding the privacy and security of data. Although in recent years, many efforts have been made to improve Cloud Computing security, there are risks that need to be taken into consideration. From the Web of Data’s point of view, things are even more prone to security risks. Because privacy is one of the fundamental right of digital users, it is extremely important for new technologies to comply with privacy regulations and policies, such as the new European data protection and privacy frameworks. In this context, companies must take into account standards, challenges and new trends in IoT. In the absence of specific measures, raw or processed data can be easily stolen from the Web of Data. In this paper we analyze and present the main protocols of communication in the IoT field from a data security perspective. Also, we do a review of the main architectures that can improve the security of the communication between IoT devices and the Cloud data storage.

Parole chiave

  • IoT
  • security
  • communications
  • Industry 4.0
  • business digitization
  • protocols
  • web of data
Accesso libero

Smart grids, prosumers and energy management within a smart city integrated system

Pubblicato online: 27 Jul 2020
Pagine: 1121 - 1134

Astratto

Abstract

Due to a significant increase in electricity consumption globally, governments have to look and to identify better, more efficient and effective alternatives and sustainable energy sources to meet this high demand. This becomes more and more important in the context of implementing modern approaches such as those that might be applied in cases of smart cities and cultural and creative communities. Electricity can be produced based on conventional sources, but also on an emergent use of renewable sources. The electricity grid is usually designed as unidirectional. We consider that in case of smart cities and creative-innovative communities there is a need to implement mostly new smart grids that are bidirectional. This may allow and support the emergency of a new type of electricity user, called “prosumers”, who produces electricity from renewable sources, next uses & shares them smartly within the smart grid and finally stores them. Globally, photovoltaic energy prosumers are considered one of the most important actors in the energy transition and seem to be ready to introduce significant amounts of electricity within the grid. We anticipate that people living in households in smart cities and communities among most regions of the world will tend in the future to improve their self-consumption from the production of smart energy. This paper supports the idea that using mostly electricity from renewable alternative sources, especially solar, can be also developed with the help of households acting within smart cities and communities. The paper will also present briefly an overview of the scientific literature dedicated to this topic. We will also provide further interesting insights through a number of case studies representing good practices regarding prosumers in Italy and Romania.

Parole chiave

  • smart city
  • smart grid
  • prosumer
  • solar panels
  • bi-directional network
Accesso libero

The impact of collaborative internet platforms on cultural tourism

Pubblicato online: 27 Jul 2020
Pagine: 1135 - 1146

Astratto

Abstract

Cultural tourism has seen a growing trend in the past years and beside the vast financial advantages that are brought to the host country, it must also cope with the responsibility of educating individuals in an efficient manner. This paper proposes to analyse to what extent collaborative internet based platforms can influence cultural tourism. As it is a complex relationship, we must evaluate and interpret the results of this study from different perspectives. The most appropriate example of cultural tourism in Romania is the Museum. In the past years, the concept of cultural hub became more prominent in our country and by becoming its main representative, mainly due to its intelligent use of technology and internet platforms, the Museum can actively contribute to civic education and to the increase of social cohesion - these are deficient aspects whose improvement should concern as many responsible factors in society as possible.

Parole chiave

  • Cultural tourism
  • Museums
  • Visitors
  • Online information
  • World travel
Accesso libero

Smart City Innovation within the Sharing Economy: Urban Innovation and Collaborative Consumption

Pubblicato online: 27 Jul 2020
Pagine: 1147 - 1157

Astratto

Abstract

With the increase of population and the increasing expectations of said population, urban environments require modern solutions for old and new problems alike. Technological and institutional innovation have both alleviated or solved many of the problems of modern cities. When we speak of smart cities, we tend to imagine solutions that focus on big data and its potential to help direct policy in a top-down approach whereas the sharing economy evokes bottom-up solutions where groups of people get together to solve community issues. Modern cities face a large number of challenges ranging from housing to air quality, to education, healthcare and emergency services or parking and traffic management. The list is virtually endless. They do, however, also present certain advantages over smaller, spread-out communities as having large numbers of people in a relatively small geographical space allows for innovative resource sharing solutions that would not be possible or might not be efficient otherwise. In a sense, population density is one of the biggest challenges of modern cities but also one of their greatest opportunities. We set out to analyse current and potential intersections between smart city technologies and solutions arising from the sharing economy. We look at existing smart city technology and the potential to expand its applications by giving more control to the citizens themselves and we examine a mathematical model that assess the viability of sharing cities. If we desire our future cities to be human-friendly, eco-friendly and sustainable it’s important to understand which solutions have the greatest potential to lead us down the path of sustainability.

Parole chiave

  • smart cities
  • sharing economy
  • big data
  • sustainability
  • innovation
  • technology
Accesso libero

The lobby regulations caught between public policies and the interest of the groups

Pubblicato online: 27 Jul 2020
Pagine: 1158 - 1166

Astratto

Abstract

The intensification of integration led to the establishment of supranational structures, which influenced the volume of regulations and interaction between states, interest groups and the will of the people. The European Union is beginning to regulate several areas of public life and is gradually shifting the balance of regulations in relation to internal policies. As a result, the national governments are trapped between the interests of different economic and social groups and domestic politics, which is gradually becoming an element that is no longer representative for nationals. This article proposes a historical analysis of the matter with emphasis on how, the new approach has changed the paradigm of formulating European public policies from a classic method of regulation, in which the Commission collaborated with stakeholders and expert communities in developing regulation, to a subsequent one that embraced the method of policy coordination. The paper also aims to demonstrate the usefulness of transparent legislation in the field of relations between interests and decision-makers, especially in Eastern European states. The analysis was elaborated by researching primary and secondary sources plus the presentation of a representative case study. Lobby regulation is a recent concept in most Member States. Currently, only seven Member States have legislation on lobbying, as well as a mandatory register of interest group representatives. In some countries, there are codes of professional ethics drawn up by public relations and consultancy agencies, but they are not included in any set of laws. Future regulation will have the capability to create the premise of drafting rules between interest groups and state structures? Which are the essential principles that must be respected in the interaction between lobbyists and decision makers? Is the transparency of their efforts essential to legitimate the service of democracy?

Parole chiave

  • lobby
  • regulation
  • integration
  • public policies
  • interest groups
  • business ethics
Accesso libero

Considerations on the European Companies and holdings

Pubblicato online: 27 Jul 2020
Pagine: 1167 - 1177

Astratto

Abstract

In a political and economical climate that one might qualify as troubled, and on the background of the United Kingdom leaving the European Union, and therefore no longer offering the city of London as a light tax haven for the companies that don’t undergo transactions of economical substance on its territory, one might question the survival of transnational companies across the European Union. In this context, we thought of analysing the European companies, their history and their present day formation as well as their administration. The idea that one might carry out their activity throughout the European Union, using a simpler and lighter form of company, the idea that the administration of such company is easier and one doesn’t have to comply to the national legislation of each member state is indeed appealing. But what of the success of this regulation? Is the procedure indeed as simple as it was thought out to be, and if so, are the natural and moral persons using it to its full capacity? Also, on the other hand, what of the holding institution, generated by the common law system, a lot longer ago, which allows one to administer various companies in various states through a company that is located anywhere in the world. How are holdings incorporated, how are they administered and is this institution still in use in the European Union, considering the fact that one might set up a European company as a holding?

Parole chiave

  • European companies
  • holdings
  • European Union
  • Societas Europeas
Accesso libero

The Role of Subsidiarity and Proportionality Principles in the Development of a Future Digital Single Market and a Common European Contract Law

Pubblicato online: 27 Jul 2020
Pagine: 1178 - 1186

Astratto

Abstract

From the far beginning of the European Communities, with broader objective of creating a perfect unique market for the member states, it must be underlined the importance of the results of the harmonisation process of the contract law and the single market and that, in time, the institutions struggled in their tumultuous work for fulfilling the indicated objectives to overcome the interventions from each Member State, interested, also, in shaping a great and prosperous common market, but trying, subsequently, to reason with their traditions, culture, ideological and political choices. The legislation on single market and European contract law is a subjected to the three guiding principles of the European Union: the principle of conferral, which empowers the European Union in terms of competence, the principle of subsidiarity, which underlines the European Union’s competence in a certain field that is shared with a Member State and the principle of proportionality, which applies if the first two principles are validated, dealing with the how the European Union should legislate. However, there are some critics who express their worries in that there are insufficient empirical proofs for redefining the harmonisation process. Taking into account the criticism, the European Court of Justice has ruled in numerous occasions that the authorisation to harmonise laws, with the scope of safeguarding the proper functioning of the European internal market does not grant the European Union a carte blanche in order to interfere with the sake of harmonisation any law it wishes. The way the above indicated principles maintained their roles provided by the treaties or they were subject of modification, by enrichment or limitation, by the caselaw provided by the European Court of Justice, we must investigate in order to picture a possible “finale” of our Single Market and this paper will concentrate of the influence of subsidiarity and proportionality on the fields most dynamic in the past years, the Digital Single Market and its contract law. This paper wishes to clarify how the two fundamental principles, of subsidiarity and proportionality, provided in time by the modifying treaties and consolidated by the European Court of Justice, influenced the evolution of the legislation regarding the Single Market and how those two may help or block the future evolution in the context of a continuous pressure coming from the development of the digital framework and online contracts.

Parole chiave

  • subsidiarity
  • proportionality
  • digital market
  • European contract law
  • Single European Market
Accesso libero

Employee sharing: a new type of employment, opportune in a globalized context

Pubblicato online: 27 Jul 2020
Pagine: 1187 - 1195

Astratto

Abstract

The legal contemporary framework regarding individual employment relations has proven to be generally based on the proliferation of non-standard forms of employment, which respond equally to both employer and employee’s need for flexibility. While atypical contractual arrangements are perceived as key elements in finding solutions to problems related to the reconstruction of economic life and reaching a much-wanted balance between family and professional obligations, wide debates were noted regarding the negative effects generated by such situations on a legal protection basis. From the employee’s angle, atypical contractual arrangements generate a situation surrounded by insecurity, analysed under following aspects: remuneration and limited social protection, insecurity and instability that characterizes this type of employment, work conditions of the precarious, as well as limited promotion opportunities. Since the category of atypical contractual arrangements is heterogeneous and we are not able to analyse the incidence of these negative effects related to all the atypical methods of employment, the following article emphasizes the particular features of the employee sharing as a new, flexible form of employment, considerably convenient in a globalized context. Based on a comparative law analysis conducted in order to uncover various perspectives of the European Union’s Member States, this paper highlights the usefulness of implementing the employee sharing system on a national labour market and the opportunities created for the employees.

Parole chiave

  • employee sharing
  • flexible employment
  • globalization
  • labour market
  • non-standard employment contract
Accesso libero

Considerations on the void or voidable agreement under Romanian law

Pubblicato online: 27 Jul 2020
Pagine: 1196 - 1205

Astratto

Abstract

The concept of nullity under New Civil Code enacted on 1st of October 2011 has been amended. Thus, the New Civil Code brings more clarity and amends partially some of the former concepts of nullity and its legal regime. In this respect, new legal provisions have been enacted for the purpose of clarifying the nature and the effects, respectively the option to confirm/remedy or, to restore the null and/or voidable legal acts. The notary public becomes a new competence through which the nullity can be confirmed upon parties’ request. Such new procedure saves a lot of resources for the parties with no/low appetite to initiate and to be part of the court action. This paper aims to critically to analyze the novelties and to identify the upsides and the downsides which may incur in practice when implementing such new concepts.

Parole chiave

  • Nullity
  • void and voidable agreements
  • effects
Accesso libero

Smart contracts - the new form of the legal agreements

Pubblicato online: 27 Jul 2020
Pagine: 1206 - 1210

Astratto

Abstract

Today we are witnesses an explosion of online business, developed on the internet – a special environment that requires own resources and tools and it is governed by specific rules. In this context, a new type of technology has been developed – the distributed ledger system, which allowed the creation of a new form of the agreement - the smart contracts. Smart contract is the next step forward in the process of digitalized contracts, after using the PDF documents with electronic signatures, and it favors the businesses to be carried out completely automatically, without the need for human intervention, and to gain greater efficiency and reduction in costs. This paper will try to provide the answers to several questions, such as: what is a smart contract?; how smart contract will be used?; how smart contract will be enforced?; etc. Moreover, it will be emphasized the advantages of smart contract and the new developments such as “Ricardian” contracts representing more efficient and transparent agreements that can be drafted and enforced on platform. Most important issue of this paper consists in analysis of legal framework of smart contracts using the basic principles of contract law combined with blockchain regulations, taking into account changing the paradigm from “code is law” to “law is code”.

Parole chiave

  • Smart Contracts
  • “Ricardian” Contracts
  • Wise contracts
  • Blockchain
  • Distributed Ledger System
  • Online Business
  • E-Commerce
Accesso libero

Practical Aspects Regarding the Dissolution of a Company by Declaring the Company Null and Void

Pubblicato online: 27 Jul 2020
Pagine: 1211 - 1216

Astratto

Abstract

Law no. 31/1990 on companies, in its initial form, developed a more traditional approach of the consequences of the non-compliance with the legal requirements for the establishment of a company. Though, in the mentioned version, the interest of protecting third parties prevailed, with the exclusion of the drastic sanction of nullity. However, the legislator, in time, reached the conclusion that a more modern approached needed to be taken into consideration, which should reach a balance between the need to protect the interests of third parties and the imperative to comply with the law with reference to the conditions that must be met to establish a company. Even so, in this current form of the regulation, a concern still remains, respectively that of trying to save the company, to bring it to fulfill the conditions of legality and, through this, to protect third parties also. But in some cases it is necessary for the company to cease to exist by declaring its nullity. Therefore, the current study aims in presenting and analyzing, from a more practical point of view, the occurrence of the nullity of a company and the consequences of such a measure both for the company itself and also for its partners.

Parole chiave

  • nullity
  • dissolution
  • breach of law
  • liquidation
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Considerations Regarding Work from Home and Telework

Pubblicato online: 27 Jul 2020
Pagine: 1217 - 1221

Astratto

Abstract

In the current pandemic conditions that have covered the whole world between individual contracts of special type, the contract with work at home has acquired a priority place. Likewise, telework, regulated in Romania since 2018 and considered a new form of work organization, has also proved its effectiveness. In this context, however, it is necessary to identify the advantages and disadvantages of working in the form of work at home or telework and to draw guidelines for future legislative changes in this area.

Parole chiave

  • home work
  • telework
  • teleworker
  • benefits
  • disadvantages
  • form of work organization
Accesso libero

Claiming the nullity of a substantive right in the levy of execution. The issue of unfair and unwritten terms

Pubblicato online: 27 Jul 2020
Pagine: 1222 - 1232

Astratto

Abstract

The present study aims at the extended interpretation of the legislative reformulation of the article 713 paragraph (2) Criminal Procedure Code through the Law no. 310/2018 on the amendments the Code of Civil Procedure, with emphasis on the possibility and, in concreto, on the admissibility to claim the nullity of the substantive law (also in respect of unfair or unwritten terms), but also other causes of ineffectiveness of the legal act constituting enforceable title, other than a court judgement. The problem of interpretation was generated by the addition of the phrase „including a common law action” at the end of the legal text which allows to invoke some de facto or de jure reasons relating to the substance of the law, in the levy of execution regarding another writ of execution than a court judgement, as long as the law does not provide another procedural way to annul it. The notion of “procedural action” being chosen and the identification of the action “of general jurisdiction” are going to generate non-unitary practice, so we opted for their explanation, but the present study aims mainly to argue that the legislative amendment does not affect however, the possibility to claim, in the levy of execution, of some causes of ineffectiveness of the legal act representing the enforceable title, such as absolute or relative nullity (total or partial) of general jurisdiction, but also when it is determined by the identification of unfair terms or terms deemed as unwritten, but also the possibility to claim the exception of non-execution of the contract, along with other permitted defences (legal compensation, statute of limitation, force majeure, causes of extinction of the claim, etc.). In particular, in the area of abusive clauses, although the debtor has the right to an action of general jurisdiction, the national judge will not be able to allow the inadmissibly of their claim by way of the levy of execution. The conclusions of the study are of the utmost importance and can contribute to the standardization of the judicial practice and, in terms of abusive clauses, to its harmonization with the jurisprudence of the C.J.E.U. (Court of Justice of the European Union).

Parole chiave

  • levy of execution
  • nullity
  • unfair terms
  • unwritten terms
  • chosen procedural action
  • action of general jurisdiction
  • substantive defences
  • admissibility
  • inadmissibility
  • jurisprudence C.J.E.U
116 Articoli
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Preface

Pubblicato online: 27 Jul 2020
Pagine: i - ii

Astratto

Accesso libero

Key factors affecting disposal of radioactive waste in the sustainable development approach

Pubblicato online: 27 Jul 2020
Pagine: 1 - 15

Astratto

Abstract

The radioactive waste disposal is a well investigated issue worldwide because of its importance for a safe and sustainable use of nuclear energy. Such waste is subject to final storage in deep geological disposals. Many factors have a direct contribution to the success of such innovative facility. The objective of the study is to identify the principal factors which contribute to the radioactive waste location. Factors that influence public acceptance are recognized and emphasized in the paper. The methodology is based on a questionnaire for empirical data obtaining and interviews with a selected group of experts to explore the insights of a disputed topic. The study reveals the quantitative analysis of the key factors as well-established contributors for understanding how and where to construct a radioactive waste facility. General information about the respondents was considered, as well as the possibility and the level of cooperation with stakeholders, the degree of information and the motivation of the given benefits as important influential factors over location and construction of a radioactive waste disposal. Overall, the study has shown that various factors influence the general public attitude, and this aspect leads to a direct influence on the location and construction of such a facility. The novelty of the research consists in key factors investigation that specially influence the location and the construction of a radioactive waste disposal, especially because the available literature studies in this area are not so strong developed yet.

Parole chiave

  • radioactive waste
  • sustainable development
  • disposal
  • key factors
  • radioactive waste management
  • public acceptance
  • perceived risk
  • nuclear energy
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Energy Trading Perspectives in the Digital Era

Pubblicato online: 27 Jul 2020
Pagine: 16 - 27

Astratto

Abstract

The aim of the paper research is to identify and improve business models in energy trading by analyzing the current situation and developing scenarios for the evolution of business models in the Digital Era. It is very important to analyze, identify and track those directions that we believe will drive energy trading in order to be able to design and create new sustainable business models. We highlight the possibilities and ways of improving the energy trading, analyzing the rapid evolution of the field, generated by the emergence of several new factors that can influence this industry. Beside those directions at which electricity trading is heading in the Digital Era, the research also describes main innovations in the field such as Smart Grids, Blockchain Technology, Peer-to-peer trading platforms and Demand Response through which the purpose is to attract final consumers to the energy trading on web platforms or mobile applications with which they can properly control their electric appliances and self-generation units in their homes, all these supervised and guided by artificial intelligence. The type of research proposed to identify the current condition and to be able to develop new trading models is empirical research through qualitative analysis. Beyond incentives and monetary benefits, the focus is on final consumer education and increased awareness towards a more conscious, optimal and rational consumption of electricity that can lead to both a better use of the energy production from renewable sources and a reduction of pollutant fossil fuel electricity generation and carbon dioxide emissions without endangering the proper functioning of the electricity systems. Previous researches are based more on incentivizing or penalizing end consumers in present paper, more emphasis is placed on attracting the end consumer to his own electricity trading through mentioned innovation, but also supervised and guided by artificial intelligence.

Parole chiave

  • energy trading
  • demand response (DR)
  • smart grid
  • peer-to-peer (P2P)
  • blockchain
  • artificial intelligence
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Comparative study on quality assurance for mandatory energy audits in Romania and Germany

Pubblicato online: 27 Jul 2020
Pagine: 28 - 39

Astratto

Abstract

The commitment to an activity always requires the assurance of the quality of the result. Article 8 of the Energy Efficiency Directive 2012/27/UE of the European Parliament (EED) requires large companies in all member states to carry out an energy audit at least every four years. An energy audit follows the standard EN-16247-1, but this standard does not take into account a possible reluctance of the company carrying out the audit and thus compliance with a minimum qualitative standard. The various national implementations therefore define further rules for carrying out these audits. In Romania, Article 8 of the EED was implemented in the National Energy Efficiency Action Plan (NEEAP). The coordinating authority for the energy audits is the Autoritatea Nationala de Reglementare în domeniul Energiei (ANRE). In Germany, the Erneuerbare Energien Gesetz (EEG) was created for this purpose, with the Bundesamtes für Wirtschaft und Ausfuhrkontrolle (BAFA) being responsible for coordination. This study compares the differences in the respective regulations. In a comparative review, we analyze the national rules that companies in Romania and Germany have to follow when carrying out audits. Factors such as minimum sizes, balance sheet limits, calculation of measures, qualification of the auditor and also sanctions in the event of violation of the audit obligation are compared. This is intended to enable conclusions to be drawn as to whether there are differences in the requirements and minimum quality of energy audits in different countries and what influence the mandatory audit has on companies.

Parole chiave

  • Energy audits
  • audit quality
  • mandatory audits
  • voluntary audits
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Public policies in the First District of Bucharest - Sustainable solutions for increasing energy efficiency

Pubblicato online: 27 Jul 2020
Pagine: 40 - 49

Astratto

Abstract

The paper represents an analysis of the public policies implemented in the First District of Bucharest related to the energy efficiency. Energy represents a strategic factor for the socio-economic development of Romania and finding the best solutions for increasing energy efficiency will contribute to the objectives for durability and competitiveness in the European Union. The importance of the theme is given by the requirement of the European Union through Energy Efficiency Directive that require member states to set up plans at every three years and evaluate the progress towards energy efficiency annually. Also, for the next period, 2021-2030, all member states must elaborate the 10-year integrated national energy and climate plan (NECP), presenting the solutions in order to meet the different targets for 2030, including energy efficiency. The objective of the article is to find the best solutions for increasing the energy efficiency, having as case study the 1-st District of Bucharest. The author is presenting three solutions, as follows: multistorey thermal rehabilitation, domestic elevators modernization, individual houses thermal rehabilitation. The impact of the solutions presented in the paper are the following: decrease of energy consumption, decrease of CO2 emissions, safety increase.

Parole chiave

  • public policies
  • energy efficiency
  • thermal rehabilitation
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Sensitive bioindicator plants studies, under the environmental conditions of climate change impact

Pubblicato online: 27 Jul 2020
Pagine: 50 - 58

Astratto

Abstract

Air pollution is a serious problem in many heavily populated and industrialized areas in the world. It affects vegetation, and also human health. The diversification of emission sources, among them vehicles, industrial processes, waste burnings and fuel storage, creates zones with different species and concentrations of air pollutants. In this paper was studied the excessive accumulation of toxic metals such as Al, Cr, Ni, Zn, Pb in vegetation as a risk factor for ecosystem and also for human health. The purpose of the study was to establish an optimal method of determination for toxic elements accumulation in leaves, using Inductively Coupled Plasma Mass Spectrometry (ICP-MS). These results made to suppose that, visible and analyzed responses of in in-situ exposed bio monitors compared with heavy metal accumulation depended on the atmospheric situation during the period of exposure, which could assess the efficiency of biomonitoring programs in the region. The advantage of this study consists in new and appropriate approach using a friendly methodology for air monitoring and favoring the development of a circular and sustainable economy.

Parole chiave

  • climate change impact
  • air pollution
  • heavy metals
  • bio indicators
  • sustainable economy
Accesso libero

Analysis of the correlation between the Gross Domestic Product and the final consumption of electricity

Pubblicato online: 27 Jul 2020
Pagine: 59 - 73

Astratto

Abstract

While the economy has shown clear signs of recovery, in quantitative terms, after the moment of the global crisis, energy production has returned to the level before the crisis, only since 2011. In this context, this paperwork aims to carry out an analysis on the existence of a correlation between the Gross Domestic Product registered in Romania and the final annual consumption of electricity. The databases used involve the data recorded for the period 2000-2018. Over time, in the specialty literature, there have been two approaches regarding the link between the economic growth and the energy consumption, respectively an approach starts from the idea that in order for economic growth to occur, energy consumption must increase, and another promotes the idea that economic growth can reduce energy consumption, by applying energy efficiency measures. To perform the analysis, a simple linear regression model was initially used in which we considered the Gross Domestic Product as a dependent variable and the Electricity Consumption as an explanatory factor (independent variable). Subsequently, analysing the results, a quadratic linear regression model was used to test the hypothesis of a more complex link between the two indicators. Following the tests performed on the two chosen variables, the Gross Domestic Product of Romania and the Final Electricity Consumption, can be argued that the energy intensity of the economy increases as economic growth reaches a certain threshold. After that threshold, economic growth is associated with the relative decrease in energy consumption.

Parole chiave

  • Energy consumption
  • GDP
  • econometric analysis
  • correlations
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Discussing the potential of using submersive water pumps powered by photovoltaic panels in agriculture and the alternative use for the supply of households in Romania

Pubblicato online: 27 Jul 2020
Pagine: 74 - 82

Astratto

Abstract

According to the current leadership of the EU Parliament, the use of renewable energy should not only represent a condition for emission reduction as an ecological demand, but also an opportunity to modernize the European economy and insure the sustainable development of the member countries. In this context, the aim of the current paper is to analyze the potential of using photovoltaic panels to power the water pumps utilized in both agriculture and supply of households in Romania and what the resulting impact would be from the ecological standpoint, as well as the economic and social one. The impact assessment follows the guideline proposed by the European House Ambrosetti latest publication regarding the socioeconomic impacts of the energy transition in Europe, but proposes a granular approach rather than a global one. The literature review of the existing publications presents an overview of the conclusions reached so far regarding water pumps powered by photovoltaic energy used for different purposes, such as the environmental and economic benefits of heat pump water heaters which are powered by photovoltaic energy or the performance comparison between photovoltaic heating systems and traditional ones. The current paper has the purpose of answering whether the utilization of photovoltaic powered water pumps in agriculture in Romania could bring economic and ecological benefits which would outweigh the costs and also, if this is the case, if there are also social benefits to be considered which would result in the use of this technology for households as well. The conclusions reach through this paper show the benefits of using the above mentioned technology for industrial purposes and its alternative potential for households. The contribution is to both the research field of renewable energy and its uses and to the policymakers to encourage investment in this direction.

Parole chiave

  • water pump
  • renewable energy
  • agriculture
  • impact
  • policymakers
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Bioeconomy’s sectors and strategies in Central and Eastern European countries. A literature review

Pubblicato online: 27 Jul 2020
Pagine: 83 - 90

Astratto

Abstract

This paper aims to identify and review the most important and topical scientific papers that deal with the strategies that the countries of Central and Eastern Europe apply in the bioeconomic field. In the context of a special attention paid to this sector by the policymakers, seen through the adoption of The Bioeconomy Strategy, in 2012, by the European Union and updated in 2018, it is natural to ask what is the current state of knowledge in this field? This paper treats with the sectors enclosed in this field, from agriculture to biofuels and from paper production to biopharmaceuticals, based on the scientific literature underpinnings, given that this development sector is an emerging one and the ampleness of the scientific works being limited. The methodology of this paper comprises the literature review of the main results obtained this far, in order to accomplish the foundation for further research.

Parole chiave

  • bioeconomy
  • Central and Eastern European countries
  • sectors
  • strategies
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Innovation capability assessment tools in social enterprises

Pubblicato online: 27 Jul 2020
Pagine: 91 - 101

Astratto

Abstract

Innovation is among the pursuits of any modern organization nowadays, constituting the core of collective progress and of competitive advantage. The global rising tendency in competitiveness urges companies, public institutions and other community actors to adhere to this naturally evolutionary pattern that occurs in any kind of system. To achieve welfare in a context of continuous changes, an organization has to make sure that its processes are perfectly aligned to its mission. Additionally, having a clear picture on its innovation capability, meaning the ability of producing a valuable output by transforming internal collective knowledge, enables it to follow the road to success. In the case of traditional enterprises, which pursue profit accumulation, evaluating the innovation capability is done on the basis of clearly defined instruments, but when referring to social enterprises, a variety of factors come in place and make the evaluation more difficult. The scarce current research done concerning the assessment of innovation capability for social enterprises makes this topic meaningful to be explored, so their societal purpose can be better delivered. Thus, the aim of the paper is to formulate a framework for determining the innovation capability of Romanian social enterprises by building on the good practices reflected by innovation projects in the social field, funded through the Horizon 2020 programme at EU scale. The research methodology resides on two pillars. In the first place, it contains literature review on the concepts of innovation, social innovation, innovation capability and the instruments used to assess it. Secondly, it brings together the exemplary undertakings of multiple social innovation projects delivered through the Horizon 2020 programme and concentrated into online reports, accessible through its website.

Parole chiave

  • innovation
  • innovation capability
  • social innovation
  • innovation assessment
  • tools
  • social enterprises
  • Romania
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The influence of strategic agility on firm performance

Pubblicato online: 27 Jul 2020
Pagine: 102 - 110

Astratto

Abstract

The business environment is becoming more dynamic, reaching new milestones driven by technology and innnovation. As companies are transforming, the competition in the IT sector is increasing. This is translated into uncertainty and a higher focus on setting the right strategic direction of the company. The IT sector has been a driver of change and innovation for the economy. It is on a continous exponential trend, setting new directions for the business environment. Given so, the literature highlights the importance of strategic agility as a tool of increased firm performance and improved results. The current paper points out how strategic agility is influencing the peformance of a company. To outline the findings of the paper, the author uses a quantitative and qualitative analysis. Based on the literature we focus on understanding on the connection between strategic agility, transformation and firm peformance. The author will perform a statistical analysis based on collected primary data. To capture the opinion of the respondents, the author has created a survey and shared it with IT professionals who are part of IT organizations in Romania. Their responses will be analyzed and transposed into a regression model. As a result, the paper will help us bridge the literature with a real-case analysis applied on the IT sector in Romania. The outcome of the paper might serve as a reference for those who want to invest in the Romanian IT sector or who want to open-up an IT company in Romania.

Parole chiave

  • strategic agility
  • IT sector
  • Romania
  • firm performance
  • transformation
Accesso libero

Determinants of entrepreneurial intentions: the case of Southern Romania

Pubblicato online: 27 Jul 2020
Pagine: 111 - 123

Astratto

Abstract

The study of entrepreneurial intentions has become a topic of interest in the last decades. As most of the decisions to launch a new firm are assumed to be planned for some time, it means that they are preceded by an intention to do so. Thus, identifying and analyzing the factors that influence the entrepreneurial intention represents a key issue in the entrepreneurship research. A review of the scientific literature shows that the determinants of entrepreneurial intentions are to be found in both the psychological approach and the behavioral approach. The psychological approach stresses the importance of various factors such as the locus of control, the propensity to take risk, the self-confidence, the need for achievement, or the innovativeness. On its turn, the behavioral approach puts accent on other elements such as the subjective norms or the personal attitude. The purpose of the paper is to identify and analyze the determinants of entrepreneurial intentions in the case of the Romanian entrepreneurs located in the Southern part of the country. In this respect, it takes into account several factors such as gender, experience or propensity towards risk. The methodological approach was based on a quantitative research method. The method of data collection was a survey by self-administered questionnaire. The paper illustrates the existence of various correlations between the above factors and the entrepreneurial intentions. It contributes to the enrichment of the scientific literature by emphasizing the role played by some of the main determinants of entrepreneurial intentions in the developing of entrepreneurship in Southern Romania.

Parole chiave

  • entrepreneurial intentions
  • entrepreneurs
  • entrepreneurship
  • gender
  • business
  • Romania
Accesso libero

Infrastructure free indoor positioning system

Pubblicato online: 27 Jul 2020
Pagine: 124 - 133

Astratto

Abstract

Latest technological advancement uncovered new social and entrepreneurial opportunities in fields like civil engineering and facility management. While most outdoor location challenges have been addressed in the past few years, with declassified military technologies such as Motion Imagery Standards Board and North Atlantic Treaty Organization Digital Motion Imagery Standard being integrated into solutions that enhance real-time emulation of surveillance video streams over digital maps, there is plenty of room for innovation when indoor location is considered. The market associated to indoor positioning is expected to significantly grow in the following decade since people spend more and more time indoors and promising advantages of such technologies have been identified in healthcare, retail, logistics and leisure. Yet, conventional indoor positioning systems mostly rely on costly and difficult to maintain infrastructure. Discordantly, the hereby paper is introducing an infrastructure free indoor positioning web application designed for routing people inside facilities and building evacuation scenarios. The proposed architecture is independent on external hardware or beacons, relying on a generic sensors framework that exposes the underlying capabilities of a mobile phone for data collection and internet connection for assessing current location and providing guidance in respect with an already known topography. Therefore, this design might be easily extended to various facilities, individualizing through no initial costs for sensors deployment and light resource consumption for the user, since data is not processed on a native application. Such flexibility is considered to optimize the navigation inside large public places and reduce the time required to find products, people or shops, offering the users more time for what matters.

Parole chiave

  • indoor location
  • infrastructure free positioning
  • web application
  • routing
  • facility management
Accesso libero

The role of European funds in developing and sustaining rural entrepreneurship in Romania

Pubblicato online: 27 Jul 2020
Pagine: 134 - 148

Astratto

Abstract

With the integration into the European Union (EU) in 2007, growth opportunities have arisen for Romania. In terms of rural area and agriculture, National Rural Development Programs (NRDPs) are implemented, through which funds are granted from the European Union and the Government of Romania, for the economic and social development of the rural area. In this context, entrepreneurial initiatives for rural development have been encouraged, and many SMEs were given the opportunity to be eligible for European funding. The NRDP 2014-2020 continues the efforts for rural development, through strategic objectives, allowing entrepreneurs to implement their business ideas and sustain the development of the rural communities. The paper aims to analyze how the European funding influences the development of rural entrepreneurship in Romania. The study will comprise an analysis of the existing results of the NRDP 2014-2020, referring to annual evaluation indicators of the project implementation (number of jobs created in supported projects, percentage of rural population targeted by local development strategies, etc.). The methodology focuses on interpretation of the latest statistical data from trusted sources, as well as analysis of the official documents and reports (e.g. NRDP 2014-2020 annual report). This paper will contribute with accurate results and discussions concerning the role of EU funds for the rural communities. Also, the study will describe some of the challenges that Romanian rural entrepreneurship still faces after implementation of European funding programs and unresolved issues.

Parole chiave

  • European funding
  • NRDP
  • beneficiaries
  • rural entrepreneurship
  • rural development
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Innovation indicators in the context of Romanian SMEs: A research agenda

Pubblicato online: 27 Jul 2020
Pagine: 149 - 158

Astratto

Abstract

The purpose of this paper is to present an overview of the theoretical connection between key terms such as innovation indicators and entrepreneurship, highlighting the main trends of innovative activities and practices in the context of Romanian small and medium enterprises. Innovation management has gained an increased interest nowadays since it provides tools for creating competitive advantage and economic growth for enterprises. In this sense, at global and European Union level, innovation indicators have been identified in order to measure the efficiency of innovation. In addition, innovation and entrepreneurship have been connected by scholars, since their application provides business opportunities. Starting from the Europe 2020 Strategy that has innovation as a pillar for reaching economic growth, the present study provides a descriptive analysis of the Regional Innovation Scoreboard 2019 report, followed by a comparative analysis of the European Innovation Scoreboard reports published in the last 5 years. The present paper contributes to the existing knowledge regarding the actual application of innovation indicators in Romanian SMEs. The paper provides an answer to the research questions, which focus on depicting what are the exact innovation indicators that characterize the activities of Romanian SME and what are the trends and weaknesses in the actual business environment in terms of innovative endeavors. This paper provides some recommendations in terms of improvement of innovative efforts for the enterprises that operate in the Romanian market.

Parole chiave

  • innovation management
  • innovation indicators
  • entrepreneurship
  • SMEs (small and medium enterprises)
Accesso libero

The most innovative lean practices deployed in transportation and their effects on the financial and operational performance

Pubblicato online: 27 Jul 2020
Pagine: 159 - 169

Astratto

Abstract

The new lean paradigm defines the necessary management tools and techniques that create more value for the customers using lean resources. By reducing the non-value activities in one hand, and emphasizing on continuous improvement on the other hand, the lean practices implemented open the path for superior level of financial and operational performance. The purpose of this paper is to highlighting the strong correlation between the combination of the TQM, JIT, TMS, TPM and RFID as the most important lean practices employed by the transportation companies surveyed and its financial and operational performance. The correlation between the lean practices deployed within the transportation companies analyzed and their financial or operational performance has been established due to applying the SPSS quantitative methods, factor analysis and linear regression.

Parole chiave

  • lean practices
  • TQM
  • JIT
  • TMS
  • TPM
  • RFID
  • operational performance
  • financial performance
  • order management
  • shipping/delivery management
  • on-road management
Accesso libero

The need for rethinking the model of assessing value in the digital economy context

Pubblicato online: 27 Jul 2020
Pagine: 170 - 181

Astratto

Abstract

In recent years, companies have begun to promote an economy based on knowledge and information, characterized by rapid economic changes, so the production of tangible goods has no longer been the main source of value, this being replaced by the creation and management of intangible assets, which are often not reflected in the accounting documents at the real market value because of the restrictive criteria for accounting valuation and recognition. Nowadays, the economy is based mainly on intangible assets and therefore they must be recognized in the financial statements of the companies, so that the shareholders and the investors have a clearer picture of company value. This paper aims to propose a model that can analyze the effects of intellectual capital and subcomponents of intangible assets on company value and the sustainable growth of firms listed on the Bucharest Stock Exchange. Until now, it is unknown which kind of sub-components of intangible assets make firms listed at Bucharest Stock Exchange to have sustainable growth or are more useful to enhance firm value. The proposed model includes data referring to intellectual capital, computerized information, innovative property, economic competences and VEKTOR index, which was developed by the Romanian Investor Relations Association so that the shareholders and the investors have a clearer picture of company when it comes to Relationship with Investors, Corporate Governance, Proactive Approach in IR, Interactive IR Instruments, Coverage by Financial Analysts and Sustainability.

Parole chiave

  • Intangible assets
  • Sustainable growth rate
  • Firm value
  • VEKTOR
  • Bucharest Stock Exchange
Accesso libero

Risk management in corporate governance

Pubblicato online: 27 Jul 2020
Pagine: 182 - 201

Astratto

Abstract

In this paper I want to present the place and role of risk management within an organization in corporate governance. Thus, the risk management of an organization consists of defining the risk, identifying and evaluating the impact and probability of materialization and, subsequently, establishing appropriate ways to manage the significant risks. According to some authors, the risk management of an organization is among the newcomers in the context of the concept of corporate governance, which brings a holistic perspective, as an integrating factor of the parts of a whole, which is the organization. At the same time, it can be emphasized that, according to the standards regarding strategic risk management, risk management should become an integrated part of the way any organization works; and in other ideas, being the basis of management approaches, it should not be separated from the daily activities of any organization. In corporate governance, in any entity, risk management is necessary because both in the company and in the environment in which it operates, there are uncertainties about the nature of the threats in achieving the objectives, or the nature of the opportunities. Any manager must pose the problem of managing the threats, because, otherwise, not reaching their objectives, they would be disqualified, or to take advantage of the opportunities for the benefit of the organization, proving their efficiency. If uncertainty is an everyday reality, then the reaction to uncertainty must become a permanent concern.

Parole chiave

  • risk
  • risk management
  • corporate governance
  • organization
  • uncertainties
Accesso libero

Insights on the impact of telecommunication companies on the environment

Pubblicato online: 27 Jul 2020
Pagine: 202 - 213

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Abstract

To perform their business operations, telecommunication companies need to consume energy. This paper aims to analyze and compare the energy consumption and their greenhouse gas emissions for there of the biggest telecommunication companies: Vodafone, Orange and Telekom. Although the scientific literature proposed some analysis on the environmental measures that the telecommunication companies have to take, there is a shortage of researchers focused on GRI reporting data and the pairwise comparison method. The authors compared these telecommunication companies’ emissions under the following criteria: energy consumption (GRI 302-1), scope 1 (GRI 305-1), scope 2 (GRI 305-2) and scope 3 (GRI 305-3) greenhouse gas emissions, reduction of emissions (GRI 305-5), using the pairwise comparison method. To reduce their emissions, companies developed a sustainability strategy. This paper will further emphasize what are the plans to reduce emissions for the company which, following the analysis, pollutes the most. To provide an overview of the future of the company which, by the analysis, pollutes the most, the authors have identified and analyzed what are the main actions that the company should take to reduce their impact on the environment. To do so, the authors firstly analyze the causes of the pollution produced by the telecommunication company using Ishikawa diagram. Then, it identifies what are the main organizational processes that can be improved using APQC standardization, to show that the improvement can be made if the organization adjusts their organizational processes. This paper is an enhancement to the studies form the field because it provides a comparative analysis on three of the most competitive telecommunication companies in the world, uses GRI criteria and pairwise comparison method and gives an overview on the next steps for the telecommunication company to reduce their greenhouse gas emissions.

Parole chiave

  • sustainability
  • telecommunication
  • environment
  • greenhouse gases
  • energy
Accesso libero

Blockchain – the accounting perspective