TYPES OF ENTERPRISES - MAIN RISK AND IMPACT FACTORS SPECIFIC TO THE COMPLEX BUSINESS AREA

Gabriel Ionel Dobrin ()
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Gabriel Ionel Dobrin: Dragan European University, Faculty of Economic Sciences, gabrieldobrin.ued@gmail.com, Lugoj, Romania,

Journal of Public Administration, Finance and Law, 2015, vol. 7, issue 7, 49-61

Abstract: All the progress achieved in various fields of activity (technology, communication etc.) considerably diminishes its distribution time and distance. A consequence of this fact is the market globalization phenomenon, in the context of local peculiarities conservation and maintenance. Currently, even small enterprises are involved in international business. In other words, the internationalization process is not only specific to large important enterprises any more. As for the amplitude and complexity of the business field, this requires a high level of investment of professional and creative resources, as well as a close-to-reality forecast of its main effects. On an international level, business is the collection of commercial transactions which take place between two or more countries. Private companies take part in such transactions with the purpose of gaining profit, while government authorities may or may not pursue this goal. Thus, most enterprises, regardless of their size, are deeply affected both by international competition and by all the events taking place at the level of world economy.

Keywords: enterprises; typology; business; risk; criteria; small and medium-sized enterprises; performance; management; internationalization (search for similar items in EconPapers)
Date: 2015
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