Spiru Haret University: Open Journal Systems
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ARCHITECTURE OF CHOICE – ADVICES OF BEHAVIORAL ECONOMICS
Get PDFTHE NEW BOOK BY PROFESSOR DIMITAR KANEV A book review by Venelin Terziev Dimitar Kanev is professor and doctor of economic sciences. He is one of the known and established Bulgarian scientists, whose major interests are connected with the general economic theory, behavioural theory, economics and management of education and economics of labour. He is professor at Nikola Vaptsarov Higher Naval School in Varna and at Chernorizets Hrabar Varna Free University
BANKING SYSTEMS IN ROMANIA AND ICELAND: TWO DIFFERENT WORLDS BUT SIMILAR DEVELOPMENT
Get PDFThe novelty of this paper is the comparative analysis of the Romanian and Icelandic banking systems. The study results reveal that despite the fact that Romania and Iceland are two different worlds, there are several similarities between the banking systems of these countries. They include a late development of banking systems, foreigners contributing a great deal to the development of the banking systems in the early stage of evolution. After the Second World War until the 1990s specialized banks operated in both countries. The banking systems of both countries prior to the 1990s were dominated by politics. Liberalization of banking and capital occurred both in Romania and Iceland after 1990; the bank privatization process took place during a similar period (1999-2006, Romania; 1998-2002, Iceland). Before privatization, banks in both countries lacked experience in a new banking “arena”. The global financial crisis greatly affected the two banking systems. Despite similarities, the evolution of the two banking systems was also marked by differences, notably the ownership origin of banks after privatization (foreign dominance in Romania; domestic owners in Iceland) and different business models developed by banks in the pre-crisis period.
KNOWLEDGE MANAGEMENT AS A STRATEGIC BUSINESS RESOURCE
Get PDFThe development of a knowledge-based economy means that today's businesses face many of the new challenges of adapting to the changing environment. Since the early 1990s, knowledge management became not only an academic discipline, but more than that, an effective way to assure the continuous improvement of the organization. The search for competitive advantages led companies to focus on the complex philosophy of intellectual capital and its connected concepts: human capital, structural capital, organizational capital, intellectual property, and last but not least, relational capital. The present article puts forward a short insight into the complexity of the ever changing and evolving system of knowledge management various concepts.
Bio economy and entrepreneurial ecosystem patterns Case study for Romania - USH ProBusiness
Get PDFThis paper is investigating various patterns of entrepreneurial relations and engagements that may help the shift to bio economy and the ways they can facilitate entrepreneurial understanding and access to markets and business opportunities in this field. It also investigate the role of universities and cluster in transfer of knowledge towards bio economy and possibilities of interaction making a case study on USH ProBusiness in Romania. Main conclusion of the paper is that participation of entrepreneurs, especially SME but also large companies in active Entrepreneurial Ecosystems (EE) plays an essential role in transposing bio economy from strategy to action but some regions may be well advanced and other lagging behind. High trust and large EE in terms of networking are better fit to accelerate the knowledge and innovation process and universities may play a major role in this direction, as important catalyst
THE AUDIT OF THE QUALITY CONTROL SYSTEM WITHIN THE INFORMATION TECHNOLOGY FIELD
Get PDFThe present paper speaks about the audit of the quality control system. First we exposed the general framework; the importance of information technology field under the actual development and challenges of the informatics systems. Then, we presented the national and international laws which regulate the audit of the informatics systems. Thirdly, we exposed the methodology of the audit for the quality system control in IT domain, describing its stages and flux diagram. In the end we jumped at the conclusions
Characteristic of in-work poverty – a comparison between Romania and European Union
Get PDFThe aim of this article is to analyse the characteristics of the working poor in Romania compared to other European Member States. In-work poverty is an important aspect in the discussions regarding the effectiveness of employment in preventing the risk of poverty. The in-work poverty is the result of several factors among which we mention those related to the individual characteristics, household composition, and labour market policies. In Romania, the level of in-work poverty continues to remain high for the overall employed population aged 18 years and over and this evolution is due to the part-time working program, the temporary contracts, and the low level of education. The last part of the article presents the measures identified in the scientific literature to reduce the in-work poverty.
Foreword
Get PDFDigital world is changing constantly and the way in which it affects our life and work seems to be dramatically and somehow unpredictable. New skills and competencies are required and more than ever our learning efforts must be equally distributed between old, traditional and new knowledge, more abundant and diverse far from what you learned before and beyond any imagination a decade ago.Performance at work is redefined in such a way that has no connection at all with what was expected from us at the beginning of our working life. We have been trained to use our knowledge to solve problems, now we need to be trained to use machine learning systems to deal with complex problems and to relay on artificial intelligence when it comes about understanding our digital world and his diverse connectivity with our real life....
Analyzing the Impacts of Restructuring on the Turkish State-Owned Banks
Get PDFThe subject of this research is to compare the performance based on determined criteria of the state owned banks in Turkey before 10 years and after 14 years from 2001 the date they were included in a restructure program. The t-test method is used in the study. According to the results of the analysis, it was concluded that the most successful state-owned bank was Halkbank with a small margin in front of Ziraat Bank after the year that the restructuring program was implemented. Ziraat Bank, as well as having the second most positive development of public banks in terms of analysis ratios, it has almost equal proportions with Halkbank in terms of asset quality and branch ratios. Halkbank is ranked first as usual in terms of branch ratios. All state owned banks are subject to the close rates for branch ratios. When evaluating the performance of public banks in general over a total of 36 criteria, they showed positive development for 26 criteria. That means after the restructuring program that we called 2nd period in the study public banks became more successful based on established criteria
Foreword
Get PDFHuman capital is an important asset for any organization or country. Looking into the future, it seems that a human-centric vision of the work of time ahead that recognizes the people’s knowledge, talent, creativity and skills is the key positioning for a prosperous and inclusive economy.“Human capital means the knowledge and skills people possess that enable them to create value in the global economic system”. To measure the development of this capital is imperative to determine how it can be better used to achieve a solid economic growth. Similarly, at the company level, the development of the human capital means to secure a competitive advantage in the long run. More skilled and efficient employees will yield an increase of productivity and more competitive prices....