Modern Organizations and the Challenges of the New Century

Madalina Tocan and Oana Chindris-Vasioiu

Knowledge Horizons - Economics, 2013, vol. 5, issue 3, 57-60

Abstract: The changes from the present times influence more and more in general the national economies and in particular the companies thought the impact on their business environment. If with decades behind, the organization of the company could remain unchanged for a long period of time, even in conditions of economic crisis or economic growth, in present the situation is totally different because of the dynamic rhythm of economic and social life. In order to face and to adapt to all these changes, the companies have to modify their management and organizational structures. In other words the change in organizations must be first a way to act at the frequent changes in the business environment, requirements and opportunities that can appear, not an objective that must be achieved. The ease with which firms adapt to environmental changes depends on their organizational structures and flexibility.

Keywords: Globalization; organizational structure; strategy; change management; organizational systems (search for similar items in EconPapers)
JEL-codes: F63 M11 (search for similar items in EconPapers)
Date: 2013
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