THE CHALLENGES OF NOWADAYS COMPANIES, AS ECONOMIC ORGANIZATIONS – A CASE STUDY ON ROMANIA’S SITUATION

Gheorghe N. Popescu, Cristina Raluca Gh. Popescu and Veronica Adriana A. V. Popescu

Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, 2016, vol. 10, issue 1, 245-257

Abstract: The paper titled “The Challenges of Nowadays Companies, as Economic Organizations – A Case Study on Romania’s Situation focuses on today’s provocations faced by the companies, with a case study approach on the specific features belonging to the Romanian economic, managerial, social, political and technological environment.The study starts with a theoretical approach, presenting some general literature studies focused on companies, seen as economic organizations and their key features, continues with the analyses of the elements defining the companies seen as organizational entities, who are, in essence, complex systems which incorporate financial, material and human resources; socio-economic systems, based on their teams of employees interrelated with other activities within the company; “organically adaptive entities, having the capacity to change constantly under the influence of endogenous and exogenous factors, adapting successfully to both market dynamics and to the requirements generated by the dynamic embedded resources; and also, specialized technical-material systems, in which the linkages and dependencies between the labour instruments, the materials and the raw materials that reflect the technological requirements of production can be found.The scientific research paper provides the necessary background in order to understand also the socio-economic situations and the specific tendencies that exist in nowadays Romanian economic, managerial, social, political, and technical external business environment.

Keywords: external business environment; financial; material and human resources; market dynamics; Romanian companies; socio-economic challenges. (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:rom:mancon:v:10:y:2016:i:1:p:245-257

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