TWO PERSONALITIES, TWO SOLUTIONS FOR BUSINESS DEVELOPMENT IN ROMANIA: ROBERT KIYOSAKI OR JIM COLLINS?

Gheorghe Negoescu ()
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Gheorghe Negoescu: “Ovidius” University, Faculty of Economic Sciences, Constanta, Romania

The Annals of the "Stefan cel Mare" University of Suceava. Fascicle of The Faculty of Economics and Public Administration, 2010, vol. 10, issue 2(12), 194-200

Abstract: Romania, for that matter, all countries in the world can not overcome the financial crisis without business development. Robert Kiyosaki believes that financial education promoted since primary school may decisively contribute in better to the changing of business environment in a country. Jim Collins studied the activity of over 1400 U.S.A. companies during 1980-1998 and concluded that only 11 companies managed good results in financial terms because they have been able to practice a management of excellence, based on six concepts: five level leader, first "who" ... then "what", dealing with reality (without losing your trust), the hedgehog concept (simplicity within the three circles), culture of discipline, technology accelerators, the flywheel and chain destiny. The conclusion of this study is that the Romanian economic school should promote widespread economic, financial, legal and accounting knowledge in order to encourage private sector to develop. Robert Kiyosaki and Jim Collins are among the best writers of the world's economic literature. Both have sold over fifty million books in over 100 countries. Principles and concepts promoted by them in the Romanian economy will certainly trigger energies latent in each of us. In times of crisis every Romanian should gain revenue from all four lucrative poses: employee, freelancer, owner or investor.

Keywords: financial education; good debt; bad debt; fast track; leading; hedgehog; discipline; technological accelerators. (search for similar items in EconPapers)
Date: 2010
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