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The effects of the Current Crisis on the Management of Credit Institutions in Romania

Abstract

In recent years, it has become increasingly clear that the economy, worldwide, goes through a phase of economic unbalances. Thus the need arises, need that is caused by psychological and practical reasons, to be aware of these turbulent changes, to understand and to formulate measures to combat the current situation which is deemed to be the most severe economic and financial crisis from World War II up to present day.

The crisis has rapidly expanded worldwide, national economies encountering difficulties of various degrees, both within the banking system and the real economy. The impact of European countries has been and continues to be an alarmingly severe, the crisis affecting banks in a series of similar ways to the impact it had on American banks.

In writing this article, I started from the premise that highlighting the situation of credit institutions represents a true barometer of the actual state of an economy, and continuous observation, analysis and interpretation of bank performances represents a condition of progress and sustainable economic development.

Open access
Ethical Behavior and Assuring the Quality of Provided Services – the Case of Accounting Firms

Abstract

I started writing this paper from the premise that compliance with ethics and deontology in the accounting profession decisively contributes to assuring the quality of accounting services provided by professional accountants. For this purpose, we conducted a conjuncture survey, whose subjects, accounting firms, were asked about: their offering of accounting services, their compliance with fundamental ethical principles of the accounting profession, their compliance with deontological norms in promoting accounting services and issues related to the promotion of provided services.

Based on the feedback received, we concluded that, basically, ethics and quality must represent the professional accountant, they must be their defining characteristics, but at the same time, in order to excel through their services, it is also necessary that customers, economic entities, show interest and receptivity, and provide the required documents and information in a timely manner and of appropriate quality.

Open access
Impact of Supply Chain Solutions on Environmental Performance of Biomass Use – LCA-based Research Case

Abstract

The article presents the activities of selected company - biomass manufacturer and user - with regard to environmental impact of biomass supply chain solutions. The biomass production facility of Biomass User Company is one of the most modern plant in Central Europe. It uses wooden and agricultural biomass to produce heat in biomass-fired steam boiler. The objective of the paper is to investigate the environmental impact with the use of life cycle assessment method. In our study, we define different scenarios for biomass transportation, concerning its supply as well as distribution. Life cycle assessment method is used to estimate environmental impact and to perform sensitivity analysis on transport modes, fuel mix structure and destination of self-cropped biomass. LCA ReCiPe endpoint indicator is used to measure environmental performance. As the results show, transport efforts are not significant factor while environmental impacts are concerned but are rather impact intensive type of activity and should be addressed with company environmental policies.

Open access
Improving Communication and Relationship with Customers using Models to Measure their Value

Abstract

If we could know what is in the mind of consumers, we would know what to offer them with a minimum consumption of resources and maximum profitability; but because we do not know these aspects, related to the clients’ desires, their needs, which are changing continuously, then organizations can implement certain models that can help organizations to measure value, the value required to invest in this relationship and to know which are the most valuable and loyal consumers. This is necessary to provide them with information, in order to offer discounts, deals and new products and services, in order to attract new clients and retain existing ones. Thus, in our article we intend to analyze the clients’ typology, to analyze the process of communication and relationship with them in order to determine their value. At the same time, we aim to present the importance of certain models used by specialists in order to attract, retain and develop these relationships with current and prospective clients.

Open access
Information Management and Companies’ Logistics Cooperation

Abstract

Cooperation, regardless of its nature or involvement degree, is one of the most important factors determining the companies’ success on a dynamic market. This is caused by the need to quick adaption to changes. Using the opportunities and avoid risks is a daily task of top management.

The cooperation allows the use the capital of everyone participant involved in the process. It is thus a factor directly influencing the process of gaining the competitive advantage. Each event market, including any change, can be seen in terms of the information aspect. Collaboration at any stage is also an information process. As well as company management. It can be said that the cooperation of companies focused on success, depends on the efficiency of information management.

The aim of the article is to realize the complexity of information management. It is also awareness of the need for a comprehensive and integrated approach to the issue of information in the life of the company.

Open access
A Reserch regarding Targoviste’s Inhabitant’s Opinion on what are the Massage’s Benefits on Health and Wellness

Abstract

Some people consider the massage a luxury and resort to it only in case of need. But given the pressures of fashionable society, and particularly by the increases in diseases caused by stress, such therapies should become an integral part of everyday life and should be recognized as a valuable component of preventive medicine. Since ancient times, people have searched for aids to cure or alienate their suffering in pain, using primary therapeutic properties of water, sunlight and movement.

Most likely is that the initial application of massage was instinctively result in immediate experience of its healing properties. Starting from the idea that massage can be both necessity and whim, we decided to identify how massage was and find an answer to the question: “Massage - fad or necessity?”

Open access
Sino-Algerian B2B Relational Exchange via E-Marketplace: Case Study of Algerian Import Companies

Abstract

The objective of this paper is to investigate the influence of Sino-Algerian B2B relational exchange via e-marketplace, by examining the two instrumental dimensions of relational exchange where information exchange and flexibility were tested. Toward that goal, a survey is employed to Algerian import companies to determine the quality of relational exchange with Chinese companies when trading via e-marketplace. A conceptual framework was developed based on extended literature review and examined on data collected from 70 companies through a survey methodology. As a result, Algerian import companies have a good and strong relational exchange with Chinese companies via e-marketplace, due to high degree of transparency, just-in-time services and special facilities in language negotiation, ordering, payment methods and shipment provided by Chinese companies. Thus, non-trust on e-commerce and internet infrastructure in Algeria has affected the trust on after-purchase activities via e-marketplace. So, Algerian companies strongly trust on Chinese companies but they weakly trust on trading with them via e-marketplace.

Open access
Sustainable Regional Development Policy in Romania - Coordinates

Abstract

The regional development policy appears as a coherent set of planned measures - enlisted in the National Development Programme and in the National Regional Development Plans - and promoted by the authorities of the central end local administration, based on the principle of partnership with various actors (private, public or volunteers), in order to assure a dynamic and sustainable economic and social growth, by an efficient valorification of the regional and local potential.

The definition of the regional development policy in Romania needs to answer two pressures, namely: one of general order, which imposes the acceptance of the EU rules and objectives and the coordination of the regional development policy with the way the regional development policy is understood and applied at the level of the community countries; the second, of particular order, springs from the situation Romania experiences, namely its still insufficient preparation to face the extremely competitive environment of the “unique market” within the EU.

To implement a regional development policy compatible and comparable to the EU policy in this domain, according to the “Green Charter of Regional Development in Romania”, elaborated by the Government of Romania and the European Commission, even since the year 1997, eight development regions have been defined (which must not be viewed as administrative-territorial units, as they do not have juridical personality, so that they must not be mistakenly taken for the counties).

Open access
Alternative Methods for Business Process Planning

Abstract

Identifying, analyzing and using the most appropriate and efficient methods for planning business processes is a key to success for every enterprise.

Our paper are two objectives: to identify the most proper methods used for planning and applying for the same case study. We are looking to demonstrate the methodology of using some software tools and compare the obtained results. The application domain will be the planning of production processes but these methods can be extended to the service processes.

The methodology is represented by the mathematical models and software applications in this fields, such as Simplex model theory, Solver Excel tools, WinQSE application, linear programming with PL.exe.

The results of the research have a high applicability level and can be extended in other business fields too.

Open access