{"title":"THE BANKING SYSTEM IN ROMANIA IN THE CONTEXT OF THE PANDEMIC CRISIS","authors":"A. Stan, Cătălin Emilian HUIDUMAC – PETRESCU","doi":"10.24818/imc/2022/03.19","DOIUrl":"https://doi.org/10.24818/imc/2022/03.19","url":null,"abstract":"In the context of the effects of the COVID 19 pandemic on the economy, the Banking Sector in Romania had to identify new solutions to reduce risks and maintain a high financial performance within a competitive environment. This article aims to present the way in which the Romanian banking system has managed possible risks (credit risk, market risk, operational risk), and to what extent the pandemic has affected the profitability of this sector. Despite the challenges encountered, the Romanian banking system proved that it resisted its effects, as a result of the fact that the responsible authorities reacted effectively by promptly implementing the economic and legislative policies adopted at national and European Union level. Another important aspect is that commercial banks have learned the lessons of the previous economic crisis, continued the lending process, and strengthened their role as the main financier of the economy, despite the uncertainty surrounding national economic stability.","PeriodicalId":426523,"journal":{"name":"PROCEEDINGS OF THE INTERNATIONAL MANAGEMENT CONFERENCE","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115248374","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"MANAGING ENTREPRENEURIAL CONDITIONS TO SUPPORT EARLY-STAGE ENTREPRENEURIAL ACTIVITY: A DATA ENVELOPMENT ANALYSIS","authors":"I. Georgescu, Ane-Mari Androniceanu, J. Kinnunen","doi":"10.24818/imc/2022/03.04","DOIUrl":"https://doi.org/10.24818/imc/2022/03.04","url":null,"abstract":"In this paper, we apply Data Envelopment Analysis with constant and variable returns to scale to study the technical efficiency of 42 countries for 2019 starting from 12 inputs and 3 outputs. The inputs represent the features of entrepreneurial framework conditions, which can be managed by governments to enhance or hinder new business creation, i.e., the outputs of total entrepreneurial activity (TEA) and the ratio of male-female TEA together with (iii) entrepreneurial intentions. The two models show that for the VRS approach, the number of efficient entities is larger than in the case of the CRS approach. The results show that the mean values of the CRS and VRS models reveal that the countries have entrepreneurial activities on the efficient frontier if the use of the input may be reduced by 7.73%, and by 3.17% under CRS and VRS models, respectively, without any decrease in the outputs.","PeriodicalId":426523,"journal":{"name":"PROCEEDINGS OF THE INTERNATIONAL MANAGEMENT CONFERENCE","volume":"53 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116600653","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Leonard Alin Rizoiu, Alin Dumitru Statie, Andreea Ionita, Dan Popescu
{"title":"EMPIRICAL RESEARCH ON CUSTOMER'S PERCEPTION REGARDING THE SERVICE QUALITY OF AIR TRANSPORT COMPANIES - ROMANIA 'S EXAMPLE","authors":"Leonard Alin Rizoiu, Alin Dumitru Statie, Andreea Ionita, Dan Popescu","doi":"10.24818/imc/2022/01.10","DOIUrl":"https://doi.org/10.24818/imc/2022/01.10","url":null,"abstract":"Our paper aims to analyze the customers' perception regarding the image of TAROM, but also the way in which they perceive the external organizational communication. The final objective is to determine how organizational communication can be improved, but also how customers are treated, so that the image of the company can be improved on the market. The methodology of empirical research on organizational communication in passenger air transport was exploratory quantitative research carried out in March 2022. We used the quantitative research method, this from the desire to illustrate, as eloquently as possible, by means of concrete data, how the image of the company suffers due to the fact that the staff does not pay attention to the way of communicating with the clients. As a working tool for quantitative research, we turned to a questionnaire placed in the crowdsourcing system on the link http://www.isondaje.ro/sondaj/856559491. 829 respondents answered the questionnaire questions, these being persons who use air transport services. Using the econometric instrumentation provided by the IBM SPSS application, the called research procedure consisted in the quantitative analysis of the data by means of descriptive statistics methods, the analysis of multiple answers and the qualitative analysis of the answers recorded. Finally, we validated the assumptions of our study.","PeriodicalId":426523,"journal":{"name":"PROCEEDINGS OF THE INTERNATIONAL MANAGEMENT CONFERENCE","volume":"81 5","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120939929","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"THE IMPACT OF DIGITALIZATION ON STARTUPS IN THE SOUTH-EAST REGION OF ROMANIA","authors":"Nicoleta Cristache, Oana Pricopoaia, A. Busila","doi":"10.24818/imc/2022/01.07","DOIUrl":"https://doi.org/10.24818/imc/2022/01.07","url":null,"abstract":"The crisis generated by the COVID-19 pandemic around the world, including in Romania, accelerated processes that had been started for a long time, but which were progressing slowly. The representatives of the business environment hope for an emphasis on the digitization of the fiscal administration, for a new perspective on business models. Romania's startups are lagging in adopting digital technologies, according to DESI 2020 report. The biggest gaps are in the digitalization of internal organizational processes. Businesses with the highest level of digitization and digitalization secure opportunities at twice the rate of the least digitized ones. We conducted a study to identify the implications of social platforms and digitization in the development of entrepreneurship among young people. The researched aspects were the motivations for using the Internet and social platforms, the impact of digitalization on collaborative platforms in Romania and the connection between the Romanian entrepreneurial ecosystem and digitalization.","PeriodicalId":426523,"journal":{"name":"PROCEEDINGS OF THE INTERNATIONAL MANAGEMENT CONFERENCE","volume":"35 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132492707","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
J. Șișu, M. Nastase, A. Tîrnovanu, Jacqueline Mujaya, Satoshi Ito
{"title":"RESILIENCE THROUGH DIGITALIZATION IN ORGANIZATIONS","authors":"J. Șișu, M. Nastase, A. Tîrnovanu, Jacqueline Mujaya, Satoshi Ito","doi":"10.24818/imc/2022/02.08","DOIUrl":"https://doi.org/10.24818/imc/2022/02.08","url":null,"abstract":"In an increasingly challenging post-pandemic era, entrepreneurs from all over the world are forced to remodel their businesses so that they can meet the new needs of customers. The current paper aims to illustrate what is at the basis of the fundamental change in the way clients have formed their new expectations and what is the approach taken by organizations to remain relevant in the new dynamic environment. Digitalization, considered to be the term that encompasses several concepts regarding the transition to the online business environment and the automation of work processes, will be the main pillar of reference in terms of how organizations are forced to transform. The purpose and importance of Digitalization has become a topic of interest for all organizations, regardless of the activity sector in which they operate. The impact of the pandemic on the business environment led to an assiduous need to adapt to the new conditions. Questions were raised regarding the future of humanity in a climate that tends to be based on digital solutions. The impact of advanced technology in the business environment is seen as resilience in a climate with complex threats on different levels. This study considers demonstrating the importance of resilience within organizations as the engine that makes change happen in crisis situations. Research in the field claims that companies can gain resilience by preparing with complete IT systems, to respond quickly and efficiently in situations of crisis, shock or instability. Even more, there are theories that claim that the state of normality, as perceived by organizations, is not one of peace and stability, but of continuous change and adaptation.","PeriodicalId":426523,"journal":{"name":"PROCEEDINGS OF THE INTERNATIONAL MANAGEMENT CONFERENCE","volume":"40 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134394177","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Mihaela Stefan Hint, A. Marin-Pantelescu, A. Tirau
{"title":"MANAGEMENT STRATEGIES FOR TOURISM POST-PANDEMIC FUTURE","authors":"Mihaela Stefan Hint, A. Marin-Pantelescu, A. Tirau","doi":"10.24818/imc/2022/01.06","DOIUrl":"https://doi.org/10.24818/imc/2022/01.06","url":null,"abstract":"Tourism has been severely and directly affected by the unprecedented COVID-19 pandemic, as the economic contribution of tourism in 2021 was US$1.9 trillion, below the pre-pandemic value of US$ 3.5 trillion in 2019. The tourism management was confronted with the restriction of the activities carried out, the dismissal of the staff, the impossibility of paying the taxes, the stagnation of the planned events. Innovative solutions had to sprout in the minds of managers through new and thriving strategies. This paper explores the management strategies introduced by major hotel chains to revitalize and relaunch their business. The results show an involvement of managers to increase guest loyalty, to provide excellence in services, and to create memorable experiences for guests. Also, new concepts, such as workcation, staycation, revenge travel have taken shape in managerial tourism strategies.","PeriodicalId":426523,"journal":{"name":"PROCEEDINGS OF THE INTERNATIONAL MANAGEMENT CONFERENCE","volume":"31 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133249277","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
M. Nastase, Nicoleta Cristache, M. Florescu, A. Tîrnovanu
{"title":"ENTREPRENEURIAL CHALLENGES IN POST PANDEMIC ERA","authors":"M. Nastase, Nicoleta Cristache, M. Florescu, A. Tîrnovanu","doi":"10.24818/imc/2022/02.09","DOIUrl":"https://doi.org/10.24818/imc/2022/02.09","url":null,"abstract":"The COVID-19 epidemic had a significant impact on the global economy, harming both entrepreneurs and SMEs. This pandemic made the global economy to tremble and is causing enormous disruptions to people's lives and daily lives as well as to social and economic structures worldwide. Because of its tremendous transmission potential, this virus has spread unevenly throughout the entire world. COVID-19 is a serious health emergency, but it's also much more. It is a systemic disruption that will have significant effects in the short, medium, and long-term. Tens of millions of people have lost their jobs as a result of this virus, which has also had other negative consequences on companies and caused a significant short-term economic downturn. This research does a theoretical evaluation to analyze the repercussions of the epidemic for entrepreneurship and the entrepreneurial challenges in post pandemic era. Digital technology's vulnerabilities grow as it permeates society and the economy. Furthermore, the introduction of new technology solutions will be perceived as requiring a strong focus on privacy and cybersecurity.","PeriodicalId":426523,"journal":{"name":"PROCEEDINGS OF THE INTERNATIONAL MANAGEMENT CONFERENCE","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130513053","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"THE IMPACT OF SUSTAINABILITY KNOWLEDGE","authors":"A. Porancea-Răulea","doi":"10.24818/imc/2022/02.11","DOIUrl":"https://doi.org/10.24818/imc/2022/02.11","url":null,"abstract":"Education is the catalyst for change with long-term repercussions. The first step towards change is awareness of existing problems. In this paper, the problems that need to be resolved are the Sustainable Development Goals (SDG). In this regard, quantitative research has been conducted to determine to what extent students are familiar with the concepts related to these goals. The research shows the lack of addressing topics related to sustainable communities, responsible consumption and production or gender equality. However, there is openness and interest to study in-depth sustainable development. This is also evidenced by the choices that students are willing to make in future jobs. The main conclusions of this paper are related to the need to implement models of sustainable development within higher education institutions (HEI). This will lead to acquaint of sustainability knowledge for future employees.","PeriodicalId":426523,"journal":{"name":"PROCEEDINGS OF THE INTERNATIONAL MANAGEMENT CONFERENCE","volume":"156 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115744546","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"THE IMPORTANCE OF STRATEGIC MANAGEMENT IN RAILWAY TRANSPORT IN CRISIS CONDITIONS – CASE STUDY MANAGEMENT OF THE ROMANIAN RAILWAYS IN THE FIRST WORLD WAR","authors":"Cătălin Bulgariu, A. M. Țîțu, Gheorghe Neamțu","doi":"10.24818/imc/2022/01.02","DOIUrl":"https://doi.org/10.24818/imc/2022/01.02","url":null,"abstract":"The scientific paper presents a concrete research based on a case study on management adopted by the leaders of the Romanian Railways (C. F.R.) during the first World War in 1916. Regarding the methodology and the research perspective, the overall scientific approach has combined the theoretical perspective with the practical perspective, analyzing with interest the technicalmanagerial action adopted in a difficult period with many limitations. In this respect, if the measure taken is validated, a new research horizon opens up to a new, unconventional method of increasing the circulation capacity in the railway sector, which is related to strategic management and crisis. This action, identified by the author, although it was adopted more than 100 years ago, can still be considered topical and can be integrated into the strategic management and resilience capacity of the rail system in crisis conditions. Studying and understanding the past can show us our place on the evolutionary scale and what we can improve in the future.","PeriodicalId":426523,"journal":{"name":"PROCEEDINGS OF THE INTERNATIONAL MANAGEMENT CONFERENCE","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121523252","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Adrian Negrea, Andreea-Florina Fora, Adriana Giurgiu, L. Meșter
{"title":"INVESTMENTS, GROSS DOMESTIC PRODUC AND EXPORTS EVOLUTION FOR THE COUNTRIES WITH AN IMF AGREEMENT","authors":"Adrian Negrea, Andreea-Florina Fora, Adriana Giurgiu, L. Meșter","doi":"10.24818/imc/2022/01.18","DOIUrl":"https://doi.org/10.24818/imc/2022/01.18","url":null,"abstract":"The current economy's flow is given by the dynamism of the multinational companies which are acting globally, increasing the openness of the countries regarding trade through foreign direct investment. With the international financial institutions leading backing them up, privatization, greenfield investments and mergers & acquisitions were strongly promoted as a tool to reduce the budgetary burden caused by state enterprise, bad private management, or other private and public sector inefficiencies, so that FDI inflows can contribute to the increase rate of GDP and also can have a positive impact on the exports flow. In order to see how well this purpose has been achieved by some countries, some economic indicators need to be addressed. That is why the purpose of this study is to presents the economic evolution of those countries which had arrangements with the IMF, from different regions of Europe, Latin America and Asia during the past 30 year, from 1990- 2020, analyzing their Gross Domestic Product, Foreign Direct Investments, and Export with the Compound Annual Growth Rate metric. All the statistical data is taken from the UNCTAD, and the numbers of IMF agreements or arrangements are taken from the IMF website.","PeriodicalId":426523,"journal":{"name":"PROCEEDINGS OF THE INTERNATIONAL MANAGEMENT CONFERENCE","volume":"60 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126288374","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}