MANAGING ROMANIAN ORGANIZATION TO DEAL WITH CRISES

Magdalena Velciu

Revista Economica, 2012, vol. Supplement, issue 2, 461-466

Abstract: Forced to face the market fluctuations and financial constraints, one of the challenges of modern management is to lead organization to continuously improve the iradaptability. More, organizations have the responsibility to integrate changes for creating a realistic strategy for adaptability, that is capable to give them the ability to predict, understand and adapt to environmental changes without unnecessary human losses. Thus, human resource management has a key role in passing the current turbulent times, because only humans have the ability to provide and generate creative solutions for economic recovery. To identify features of adaptive behavior of Romanian companies, inconditions of economic recession, I conducted a case study regarding performance variation and identify specific managerial measures implemented in companies during2008-2010. Main results and conclusions confirm that companies have felt significant variations in performance and profitability indicators, as a result of negative effects of the global crisis. To respond to business disruptions, in addition to organizational changes, labor resizing etc., managers of Romanian companies have implemented human resources management measures for labor flexibility as a management alternative that supports business performance.

Date: 2012
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