PAYMENT INCIDENTS CENTRAL – MONITORING INSTRUMENT FOR THE FINANCIAL STABILITY OF COMPANIES

Bogdan Sticlosu
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Bogdan Sticlosu: UNIVERSITY OF CRAIOVA FACULTY OF ECONOMICS AND BUSINESS ADMINISTRATION CRAIOVA, ROMANIA

Annals - Economy Series, 2015, vol. 6, 200-203

Abstract: The company, as economic organization, functions in an environment that it directly influences and that in turn influences its activity by complex and heterogeneous combination of factors. The companies do not represent a final outcome, but a mean through which the factors of production, with the help of certain technologies, satisfy (especially) the clients’ needs and indirectly of the external environment in which they activate and develop. A strong influence over the company’s activities’ results is represented by the external environment in which it activates, its physiology and working mechanism and the company’s ability to harness the opportunities and avoid dangers supplied by the environment, by synchronizing its actions with the changes within the environment. Therefore it is necessary to know the environment’s content and requirements, as well as the quantitative and qualitative changes, even anticipating the future evolution of the environment, so that the company can adapt to its new structure. Knowing the characteristics and mutations occurred in the external environment’s structure, is a fundamental condition for the quantitative and qualitative satisfaction of certain category of needs by the company, necessities that are continuously growing and diversifying, that are the base of conducting new realistic strategies, well based scientifically.

Keywords: Payment incidents central; insolvency; major incident; difficulty; financial crisis; payment incident. (search for similar items in EconPapers)
Date: 2015
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