Annals of Spiru Haret University
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Project management – the way to performance among corporations
Get PDFProject management has developed from a simple management philosophy restricted to a few functional areas into a business process that include various areas from global market. Nowadays, most of the corporations are using project management systems to achieve performance on the global market, and they realize that project management and productivity are related.
Psychological aspects met in the start-up stage of entrepreneurial activity
Get PDFThe present paper proposes to focus on the important psychological characteristics implied in the activity of start-up a business. At the beginning, we present the definition and the specific points of an entrepreneur and also of an entrepreneurial activity. Then we restrict the sphere to the psychological aspects connected to the start-up business activity: the courage, the self trust, the independence attitude, the intuition, the professional training and the environment knowledge, the ability of adapting, the great availability for work, the perseverance, good organiser, a good communicator, respect for the collaborators, positive thinking, socially active. In the end, we jump at the conclusions and talked about the importance and the roles of the projects financed by the European Union, the Romanian Government, the Social European Fund and Structural Instruments.
The impact of using the internet in promoting Romanian industry
Get PDFCentral element of the marketing mix, advertising can differentiate the companies in Romanian industry through the strategy used by each company. The present paper summarises the results of a qualitative research conducted in 15 companies acting in food, mechanical processing, textile, leather, and footwear industries. Throughout this study the benefits of using online promotion were highlighted and a diagnosis regarding the use of the Internet for promoting products in Romanian industry was performed
Historical causes of Romanian socialism institutionalization
Get PDFThe natural classification of socialism in the evolution of the history of humanity is one more difficulty for many thinkers. Surprisingly enough, many intelligent people try to deny the sense of history by challenging historical reality. In other words, though it existed, it would have been much better for socialism not to have existed in the history of humanity.The dereliction of socialist ideology after 1989, the cancellation or ridicule of the principles and ideals expressed in the cant of the boring and demonetized slogans prove the fragility of the much-invoked damage of the so-called communist politics as an essence of the system. It was not the ideology, or the code of the communists’ ethics or the supremacy of socialist property that made up the sense and essence of socialism as applied after 1948.The ‘objective’ of applied socialism was the forced, accelerated development of the economies of the central and south-eastern European countries, based on the experience of USSR for the compatibility of the structure of the consumption demand of their inhabitants with the supply of the industrialized countries in a historical interval as soon as possible. God knows whether the effects of extending capitalism in these countries instead of socialism would have been the same or maybe even better until 1989! The fact is that socialism was imposed from the outside, without following in any way whatsoever the Marxist schedule of proletarian revolution determined by the enhancement of internal class contradictions.The study of the League of Nations in 1945 reveals the programmatic character or, if not, at least the prophetic character of the advanced analyses and forecasts based on the developments of the 1870-1938 period.during the interwar period, the gaps between the manufactured products exporting countries and the raw materials supplying countries widened;the diminution of the purchasing power in the countries exporting the basic commodities put more acutely in danger the sales of the countries manufacturing processed industrial goods; the economic gaps between the West and the East, i.e. the North and the South, could be reduced only by the fast industrialization of the countries exporting raw materials;the role of the external capital in the development of national economies was proved to be the least controversial; the internal, national accumulation was decisive;the free initiative, individualism and pseudo-market economy had proven their limits, as they had been ineffective for an accelerated development of the countries during early industrialization;the study of the League of Nations highlights the need of the constant intervention of the state in economy by means of central planning.Though socialism was not expressly recommended as the best solution for the forced economic growth and development of the raw materials supplying countries, the study of the League of Nations in 1945 argues and supports measures and convergent ways of action to a very similar socio-economic system.
Pension reforms in central and eastern European countries and their outcomes
Get PDFAll Central and Eastern European countries have achieved reforms oftheir pension systems varying in orientation and depth. We have presented themost important moments in the history of reforms of six countries (Romania,Hungary, Poland, Czech Republic, Slovakia and Bulgaria) and we have triedto explain the reforms’ motivation. The paper reviews the performance of thepension systems in the selected countries regarding the issues of pensionadequacy and financial sustainability
Two quantitative forecasting methods for macroeconomic indicators in Czech Republic
Get PDFEconometric modelling and exponential smoothing techniques are two quantitative forecasting methods with good results in practice, but the objective of the research was to find out which of the two techniques are better for short run predictions. Therefore, for inflation, unemployment and interest rate in Czech Republic some accuracy indicators were calculated for the predictions based on these methods. Short run forecasts on a horizon of 3 months were made for December 2011-February 2012, the econometric models being updated. For Czech Republic, the exponential smoothing techniques provided more accurate forecasts than the econometric models (VAR(2) models, ARMA procedure and models with lagged variables). One explication for the better performance of smoothing techniques would be that in the chosen countries the short run predictions more influenced by the recent evolution of the indicators.
The infrastructure of the Romanian financial system in the current crisis
Get PDFInternational macroeconomic an financial environment is subjected totension but remains relatively strong, even if is a visible slowdown in economicgrowth in some countries, it materializes the asset price correlation dueperceptions adjustment regarding risk, and financial market characteristicschanges significantly.Systemically important components in the financial system architectureare represented by the payment and settlement system for financialinstruments. These systems, from their implementation until now, did not facedparticular problems because of high standards observance in terms of safetyand operational efficiency and the measures taken by the central bank
Sustainable financing of the environment protection investment projects in Romania
Get PDFSustainable financing of the environment protection can be defined asthe capacity of providing the long-term, stable and sufficient financialresources and granting them, in an adequate and rhythmic manner, in order tocover the necessary costs for protecting the environment protected areas andensuring their efficient management.Achieving sustainable financing calls for major changes inconceptualizing and utilizing the funds and, to that end, a series of nationalinnovative sources will play a more and more important role in satisfying thefinancing needs
Some strategies for improving the accuracy of unemployment rate forcasts in România
No full textThis study proposed to evaluate some alternative forecasts for the unemployment rate of Romania made by European Commission and two national institutions: National Commission for Prognosis (NCP) and Institute for Economic Forecasting (IEF). The most accurate predictions on the forecasting horizon 2001-2011 were provided by IEF and the less accurate by NCP. These results were obtained using U1 Theil’s statistic and a new method that has not been used before in literature in this context. The multi-criteria ranking was applied to make a hierarchy of the institutions regarding the accuracy and five important accuracy measures were taken into account at the same time: mean errors, mean squared error, root mean squared error, U1 and U2 statistics of Theil. The combined forecasts of institutions’ predictions are the best strategy to improve the forecasts accuracy. The filtered and smoothed original predictions based on Hodrick-Prescott filter, respectively Holt-Winters technique are a good strategy of improving the accuracy only for NCP expectations. The assessment and improvement of forecasts accuracy have an important contribution in growing the quality of the decisional process.
Design – key element of creative industries in Romania and its role in Romanian export
No full textCreative industries are now considered a solution for sustainable development. EU 2020 strategy is considering these industries crucial for the future industrial policy of EU. In recent years, while some European countries or even regions and cities, such as the UK, Scandinavian countries cities like Barcelona, Tallinn, Copenhagen or Amsterdam to name a few, have been good at tapping into the extraordinary potential of the cultural and creative sectors as a way to promote socioeconomic development and progressively developed ad hoc strategies, others are only just starting. Present papers is aiming at evaluating potential of these industries in Romania, with focus on design, and their possible place in the future export development of the country. Where strategies have emerged, they tend to focus on the strengthening of these sectors and not yet on stimulating partnerships and spill-overs with other sectors.