THE IMPORTANCE OF MANAGEMENT FUNCTIONS IN THE TRANSFORMATION PROCESS OF AN ORGANIZATION

George Bucata and Irina Rotariu
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George Bucata: Lucian Blaga University of Sibiu
Irina Rotariu: Lucian Blaga University of Sibiu

Revista Economica, 2017, vol. 69, issue 4, 43-52

Abstract: To transform a company means taking a business model, operational processes, and management of financial resources and to redefine them to attain the new objectives of the organization. The transformation plan designed to establish is based on each step and each intermediate state, on several pillars: market business and customer satisfaction, operational processes, human capital, financial flows. In addition, the plan provides the rate at which the organization is able to assimilate the changes.

Keywords: management functions; organizational transformation; organizational process; transformational process (search for similar items in EconPapers)
JEL-codes: M11 (search for similar items in EconPapers)
Date: 2017
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