MANAGEMENT CHALLENGES - A PREVIEW IN FUTURE OF CAPITALISM

Liviu Mihaescu and Diana Mihaescu
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Liviu Mihaescu: "Lucian Blaga" University of Sibiu
Diana Mihaescu: "Lucian Blaga" University of Sibiu

Revista Economica, 2012, vol. 62.3, issue 3, 68-76

Abstract: The economic crisis comes in the context the deepest political crisis faced by the EU today. Economic catastrophe led to the strongest economic crisis since the '30s. Downturns were commonly explained using technical arguments, economic or financial reasons. Because they were discussed by experts in language often inaccessible, so often we face today and dangerous misunderstanding of the population crisis. When talking about economic crises tend to forget that they come in a political context, social and cultural. At the same time, how society reacts to the crisis is decisively influenced by the values it embraces.

Keywords: capitalism; management; cultural patterns; efficiency (search for similar items in EconPapers)
JEL-codes: D63 H12 P11 (search for similar items in EconPapers)
Date: 2012
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