Public&Business Management Confluences – Success Factors

Adriana Grigorescu () and Constantin Bob ()
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Constantin Bob: Academy of Economic Studies, Bucharest

Journal for Economic Forecasting, 2010, issue 5, 43-58

Abstract: The success of public and business activities fundamentally depends on the management through decisions. In our opinion, a synchronism between public and business management is a must in order to find proper solutions, especially in crisis time. On the other hand, there should be differences regarding the main components’ importance and the attention paid to them. We consider that illustrative of a future development of integrated mechanisms is to analyze if there is convergence of opinions regarding the role of four main coordinates for the achievement of an effective management: (1) The mission of the institution; (2) The knowledge effects (competence/proficiency); (3) The desired change; (4) The managerial decision basis. The study focused on the six possible connections that can be established between these coordinates, the accumulated junction of the subjects’ opinions pointing out the similarities and differences between the two studied groups (the public and the private environment). The work aims at building up a matrix of contingency and searching for some maximum or minimum zone within the matrix. The conclusion is that in the first instance importance is given to prognosis and ways of responsibility and meantime the diagnose-analysis and systems balancing basically are not taken into consideration. The results point towards the fact that managers are not used with an integrated overview and a systemic approach to the phenomena.

Keywords: public management; business management; confluences; synchronism; matrix (search for similar items in EconPapers)
JEL-codes: C83 H83 M10 (search for similar items in EconPapers)
Date: 2010
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