Theoretical Management Enterprise Model in Global Market. Profitability and Rentability

Stefania Mariana Voicu
Additional contact information
Stefania Mariana Voicu: Valahia University of Tagoviste, Romania

Economics and Applied Informatics, 2023, issue 2, 166-170

Abstract: Globalization influences and effects can be easily observed in all mediums and in all economic fields, meaning that significant measures, contributions and changes at all management levels has to made in order to ensure market competitiveness and profitability. Small and medium enterprises (SMEs) are facing significant obstacles after financial recessions, especially in assuring the financial support needed to fulfil the shareholders goals and objectives. The current state of challenges lead naturally to the development of different strategies in order to achieve the proposed development goals and therefore also those of shareholders and investors. In this study, we propose a dynamic competitive strategy for SMEs with the purpose of increasing the levels of competitiveness in a global and interconnected economic context. After discussing the proposed model and determining its theoretical effects, we strive to analyse the types of actions needed to ensure correct and efficient implementation of proposed strategy. Further discussions regarding prevention of negative effects induced by auxiliary costs are also presented in this conducted study. This paper also concerned itself with the conceptual issues of economic and financial competitive strategies and emphasizes as well the necessity for a theoretical model framework embracing financial decisions.

Keywords: shareholders; economic competitiveness; theoretical model; management strategies; profitability (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://eia.feaa.ugal.ro/images/eia/2023_2/Voicu1.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ddj:fseeai:y:2023:i:2:p:166-170

DOI: 10.35219/eai15840409351

Access Statistics for this article

More articles in Economics and Applied Informatics from "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration Contact information at EDIRC.
Bibliographic data for series maintained by Gianina Mihai ().