The Role of Large Corporate Boards in the Context of Globalization and Smart Economy: Creating Value for All Stakeholders

Mariana Gheorghe

Chapter 1 in Challenges, Performances and Tendencies in Organisation Management, 2016, pp 3-10 from World Scientific Publishing Co. Pte. Ltd.

Abstract: In the context of globalization and smart economy, large corporate boards are very important for the development of a company. The chapter aims to analyze the way in which a company can advance due to the vision of Corporate Boards. The used research methodology is the case study. The case study distinctly presents the way in which OMV Petrom managed to deal with the new challenges arising from the privatization of the company. The analysis is carried forward in three dimensions: the complex socio-economic context, along with the more demanding stakeholders' environment; adopting new technology and innovating; people changes and challenges. For the last 10 years, since privatization, the company has adapted itself through an almost radical and complex process of transformation and has created new opportunities for all of its stakeholders, while facing the challenges of this new era: the new economic and social order, both locally as well as internationally.

Keywords: Management; Organisation Management; Innovation; Knowledge; Intellectual Capital; Information System; Enterprise; International Management; International Conference; SME; Entrepreneurship; Leadership; Strategy; Social Enterprise; Governance; Romanian Scientific Management Society (search for similar items in EconPapers)
Date: 2016
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