Competitiveness of Business Organization Management Factor

Sorinel Mihalcea (), Delia Iuliana Banica (), Gabriela Boca () and Oana Camelia Iacob ()
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Sorinel Mihalcea: “Valahia†University of Targoviste
Delia Iuliana Banica: “Valahia†University of Targoviste
Gabriela Boca: “Valahia†University of Targoviste
Oana Camelia Iacob: Politehnica University of Bucharest

Chapter 12 in International Conference Globalization, Innovation and Development. Trends and Prospects (G.I.D.T.P.), 2020, vol. 10, pp 95-104 from Editura Lumen

Abstract: This paper provides a brief synthesis of competition as a progress factor of the business organization management implemented by the manager in order to achieve the objectives of the business organization in order to achieve profit. Regardless of the size of your business or organization, there will always be competition (higher or lower) that can be analysed in several ways. We will try to briefly address these paths. Firstly, competition can be seen in terms of the age of the business, i.e. a start-up or a company with market seniority. It is known that start-ups have countless weaknesses, mainly due to lack of recognition, managerial experience or domestic team welding, but they also have two strengths that should be exploited to the maximum. Secondly, a benefit that a new product has compared to another is that it can benefit from the customer's curiosity to test it. Curiosity, however, differs according to the risk of sacrificing its satisfaction. We live in a rather complicated world, so management cannot be simple. Management cannot provide valid universal keys, but they are good proven practices in other successful companies.

Keywords: Competition; progress factor; strategies; business organization; business management; managerial experience (search for similar items in EconPapers)
JEL-codes: D8 F6 I2 O1 O3 (search for similar items in EconPapers)
Date: 2020
ISBN: 978-1-910129-23-4
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Persistent link: https://EconPapers.repec.org/RePEc:lum:prchap:10-12

DOI: 10.18662/lumproc/gidtp2018/12

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