Annals of Spiru Haret University
Not a member yet
622 research outputs found
Sort by
APPLIED ISSUES ABOUT BANKING RISK MANAGEMENT
Get PDFThe following paper emphasizes the need to deepen the understanding of the notion of banking risk management by explaining the significant risks the bank encounters during financial exercises as well as their additional entries. The study of the paper will focus on UniCredit Bank during the years 2014 and 2015 on all types of risks, in which we will provide comprehensive data on how the UniCredit Bank management applies its risk policies.
IMPACT OF SUSTAINABLE TOURISM IN THE TRAVEL INDUSTRY
Get PDFSustainable tourism is the concept of visiting a place as a tourist and trying to make only a positive impact on the environment, society and economy. A key aspect is respect for the people who call the location home, the culture and customs of the area, and the socio-economic system. While sustainable tourism is sometimes confused with ecotourism, ecotourism is actually only one aspect of sustainable tourism.Sustainable tourism is attempting to have a low impact on the environment and local culture, while helping to generate future employment for local people. The aim of sustainable tourism is to ensure that development brings a positive experience for local people, tourism companies and the tourists themselves
THE INFLUENCE OF THE CULTURE IN THE STYLE OF LEADERSHIP
No full textThe level of development of a country is defined based on indicators such as population size, GDP and contry area. Although it’s easy to identify countries like the USA, France and Spain that are part of developed countries and countries such as Senegal, Gabon Greece or China ranked as emerging countries, there is no universally accepted definition of developing contries. The “emerging contries” are often listed in terms of their differentiation from the developed contries; A comun problem is that some organizations dont’t take into consideration all the variables, a country located on a higher position in terms of GDP is possible to not have the same position at the social development or quality of life. For the last 25 years China has known continuous economic expansion, it’s forecasted that in the next 20 years it will become one of the world’s superpower. China encountered a relatively fast development after the deployment of the “cultural revolution”.In China, the long standing cultural tradition influences till today the economic area, more than other countries encounter from this category. The youth’s mentality is to learn and to work very well with the solely interest to serve the country completely. This desire of the Chinese people is positively influenced by the state - the Chinese Communist Party encourages the state of raising the development of education and the level of life
Restructuring companies under crisis. A real case study
Get PDFNobody is planning to fail, but many companies are failing because of lack of planning.Real business experience showed during the years that crisis can be prevented, avoided or limited. If detected in time, the risks associated with the crisis can be mitigated and the effects can be diminished, with the condition that the actions required are done fast, in a sharp and accurate manner. When it comes, a crisis brings intense level of pressure and under these conditions there is no time or room for mistakes. Delays, losing focus and lack of planning will bring a company one step away from failure. The right way to deal with crisis, if required measures are not done in time, is to minimize the losses and reposition in the best way possible. Analyzing the success stories of some of the biggest and strongest companies in the world, led to an important conclusion: the majority of these companies were in the situation to face huge crises that threatened their ability to survive in certain moments on their way to success. With the right planning and by setting a proper organizational structure, the negative aspects of the crisis can be turned into benefits and opportunities for the company. The most critical challenge for management is to assess the level of exposure to risk of the company and identify the key points to focus on in order to overcome the crisis and create value. In order to set up a strong plan in dealing with crisis, a business organization needs reliable, efficient and effective tools and this is what this article is all about.
PERFORMANCE MANAGEMENT AT THE ORGANIZATIONAL LEVEL
Get PDFPerformance management is „a strategic and integrated approach to delivering sustained succes to organizations, by improving the performance of the people who working in them, and by developing the capabilities of teams and individual contributions” [1]. At the same time, it is a systematic approach of the human resource management, in general, and of the performance assessment, in particular, using goals, performance, appreciation and feedback as a means of motivating the employees to understand and to fully exploit their creative potential to achieve the organizational goals. [1] Armstrong M. and Baron D., Relating Competencies to Pay: The UK Experience, Compensation and Benefits Review, May-June, 1998, pp. 28 – 39
THE ROLE OF DEVELOPMENT OF TRANSPORT TURISM IN ECONOMIC GROWTH
No full textTourism is one of the necessary and very important sectors of country economy. Tourism has its appropriate inimitable characteristics that difference this sector from the other sectors. As to be in the other service industrial fields, in tourism sector the tourists come to the tourism destination place where the tourism services are supplied. To my observation and international experiences, it is hard to think of tourism industry without transportation. Transportation is mean where to carry the tourists to the relevant place where tourism services are accomplished. The article contains detailed information about the introduction to the concepts of tourism, theoretical approach to the tourism as service industry, the role of transport in tourism development, international experiences in transport tourism, development of transport tourismin Azerbaijan economy. The article can be considered as a useful resource for experts and researchers conducting research in this field
ETHICS, SOCIAL RESPONSIBILITY AND CORRUPTION AS RISK FACTORS
Get PDF The financial risk characterises the variability of net profit, subject to the financial structure of the insurance. The capital of the insurance company has two elements (the equity and the borrowed one) that differ fundamentally in the cost they generate. If the company uses loans, it will bear systematically the related financial expenses, too. Through its size and cost, indebtedness leads to the variation and changes the size of financial risk. Resorting to the debt is justified through the high remuneration of equity in relation to borrowed capital, thus increasing the financial return.
KNOWLEDGE MANAGEMENT STRATEGY TO IMPROVE BUSINESS SECTOR
Get PDFEvery organization needs the proper knowledge management (KM) strategy for the development of the organization. In the last decades the business environment has changed and recently it becomes more dynamic and more complex. At present KM is valuable not only for individuals, and organizations, but also, for global humanity. So, the directors of the organizations must emphasize on the existing knowledge and try to develop them to achieve the competitive advantage. The purpose of the study is to explore the recent KM practice in the organizations and to show the ways to develop the new KM strategy in future. An attempt has been taken here to apply KM strategy in business performance, business intelligence, and e-business
HOW TO DESIGN A WEB SURVEY USING SPRING BOOT WITH MYSQL: A ROMANIAN NETWORK CASE STUDY
Get PDFThe article presents a survey applied on a representative sample of Romanian SMEs. The article represents a case study and focus on technical elements that allow collecting data from Romanian SMEs managers and save it in a MySql database. The Back-End component is developed with the newest Spring Boot MVC
Foreword
Get PDFAt the end of 2017, according to World Economic Forum Agenda, it seems that economic competitiveness matters, but not as an end in itself. It matters because nations that are more competitive are more productive, and are therefore more able to provide for the social needs of their people. The world has changed dramatically over the last decade, and measuring the factors that determine competitiveness continues to be a highly complex process. It is certainly true that the Fourth Industrial Revolution (4IR) – new, rapidly changing technologies in many different fields – has changed the way we need to measure some aspects of competitiveness, particularly in relation to innovation and ideas. We need to stress, for example, the value of ideas and collaboration within companies; the values of open-mindedness, of connectivity, and the value of an entrepreneurial spirit. And we have had to emphasize a new kind of education: one that is more conducive to students’ creativity, their ability to observe and generate ideas. The new industrial revolution, also known as the 4IR, has forced us to put more emphasis on all these aspects of a nation’s innovation ecosystem. The appearance of very disruptive technologies has been incredibly rapid. If we go back 10 years, the iPhone didn’t even exist. We have seen huge developments in artificial intelligence, new materials, synthetic biology, big data and on-demand technologies, and all these are changing the business landscape at a planetary level. Significantly, many of these innovations did not occur in those countries where technology used to be produced almost monopolistically. It is no longer the case that only the US and Europe innovate; the new industrial revolution has created opportunities for nations across the globe. This is a hugely important trend