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Comparative Analysis of Consulting Services in Five European Countries

Abstract

The work “Comparative analysis of consulting services in five European countries” intends to offer a general picture of consulting services from five European countries (Germany, United Kingdom, Italy, Finland and Romania), through comparative analysis of the indicators presented in FEACO studies: increasing rate of turnover of the consulting market, export level, the evolution of the number of consultant, the evolution of the fees of the consultant, types of consulting services, main field where the clients that request consulting services come from.

The main motivation of this research consisted of understanding the reasons for which the transformations that occurred on the consulting market are perceived differently by each of the countries that were analysed.

A first step in the process of understanding the management consultancy is represented by defining it, first according to the vision of well-known authors, experienced consultants and secondly, according to the vision of profession organism on international and local level. In order to understand the way consultancy evolved in time it is necessary to present a short history with focus on the moments that led to the transformations which we have nowadays in this industry. The last part of the work was dedicated to the comparative analysis of the consultancy markets in the five countries. The novelty degree of the work is represented by the fact that all the strong points identified in the case of the four countries (Germany, United Kingdom, Italy, Finland) will constitute possible development directions for the Romanian consulting market.

Open access
Corporate Communication Management. A Management Approach

Abstract

Managerial communication assumes the analyses of the managers’ communicational behaviour, which has as aim fulfilling of tasks and organizational objectives, by working with people. A major objective is: to develop and share the necessary knowledge for growing managerial efficiency - (Smeltzer, 1996). As some of the specialists have noticed, (Smeltzer 1983), The management sees communication as tool for achieving the aim, something that is needs to be used in relation with the objectives organization has, taking in consideration the issues related with the analysis of costs and benefits. Various studies have searched to look into this domain within the frames of social responsibility, which does not ignore the responsibility to have respect for the people as well as for the planet. Managers are people which have responsibilities for taking decisions, for the organization as well as for their subsidiaries (Hill, 2003). Those people are spending a large part of their time interacting with various types of public, with the structuring of the problems which appear on the various processes, as well as with the establishing of the strategic and main financial decisions and company objectives. The company success assumes the development, motivation and in the very end keeping close well performing employees. It is also necessary that managers are keeping themselves extremely connected to the informational sources in order to be able to react as soon as possible and eventually adjust the objectives and the strategy (Suchan 2006).

Open access
Entrepreneurial Education in Schools – a Prerequisite in European Context

Abstract

In our complex society, based on knowledge, is important the introduction and development in formal and informal training of transversal competences especially entrepreneurship, to provide competences, knowledge and attitudes which are essential for the development of an entrepreneurial culture in Europe. Starting from this premise, although some countries have already committed to encourage entrepreneurial education for more than a decade, others are just starting.

The present article focuses on identifying the impact that entrepreneurial development has both in Romania and in the EU countries, and the results shown that the measures taken follow the reaching of Target Europa 2020. The paper presents the social context regarding the introduction of entrepreneurship in initial training and in non-formal training, the causes, the actors involved and the measures taken by the EU Member States regarding this phenomenon. The conclusion of the study show that entrepreneurial education in initial training represents a complex task, as more than three quarters of the countries/regions of Europe give autonomy to training institutions regarding the curricular aspects or have no regulations/recommendation at all regarding entrepreneurial education during initial training.

Open access
Measurement and Assessment of Effectiveness of Auxiliary Processes of Production in Management of the Cement Industry Companies

Abstract

In the paper, there has been discussed the problem of measurement and assessment of effectiveness of auxiliary processes [Kaplan: 2001, Porter: 1985] of production in the enterprise of the cement industry operating in international markets. The applied research method is literature studies and the case study, which will allow for the accomplishment of the objective of the paper which is the parameterization and assessment of costs of ancillary activities of production in the area of maintenance.

The paper is important and up-to-date since auxiliary processes of production generate high costs, therefore, they should be within the area of interest of managerial staff of these companies.

Open access
Optimal Employment Formula – Accounting and Tax Approach

Abstract

Human resource is the most important investment level economic entity and it is the only able to increase its value over time. The burden of managing human factors is quite high. Both employers and employees are seeking optimal solutions on the type of employment that will bring the greatest benefits.

Open access
The Promotion of Young Entrepreneurs for Development Small and Medium Business

Abstract

Promoting entrepreneurship is an essential component to ensure economic development at the national and the regional level. Entrepreneurship in young people may directly stimulate them and positively influence the generations and communities in which it operates.

Successful young entrepreneurs in identifying those aspects hold ideas that will contribute to the success of the business and have availability to conquer niches of business that other entrepreneurs have ignored them or have them watched in disbelief.

Over the past few years, employment of young remains one of the main problems that persist, problem on the development of market economy has boosted it and deepened it, emphasizing the correlation between the supply and demand of labour force as a whole.

Open access
Study Regarding the Process of Identifying and Evaluating Risks in a Public Entity

Abstract

In any field of economic, political or social activities, the issue of risk emerges, which implies consequences that cannot be always anticipated or predicted. Lack of knowledge of the risks that may affect the achievement of public entity objectives, of causality factors, and of action measures to materialize them may lead to negative consequences for the entire economic activity.

In this context, identifying and assessing risks (probability of occurrence and impact on activity) are mandatory and determinant actions in the process of knowing the mechanism of action of each risk and implementing appropriate protection strategies. Based on the documentary research, fieldwork and applicable legislation, and empirical research conducted within a public entity, we have concluded that risk management within the public entity is a process that leads to improved performance and governance, even if it is an additional process to existing ones.

Open access
The Upshot of Money Supply and Inflation in Nigeria

Abstract

This study empirically investigates the upshot of money supply on inflation in Nigeria using annual time series data spanning from 1970 to 2016. Co-integration and Autoregressive Dynamic Error Correction Model (ADLECM) approach was utilized. The results showed that money supply does not considerably influence inflation both in the long and short run possibly because the country is in recession. The ECM has the correct sign of negative and it is significant meaning that about 21% of the errors are corrected yearly. The Granger causality outcome demonstrates that, there is no causality between money supply and inflation in Nigeria within the study period and vice-versa. The implication of this is often that there are different economic conditions which are key determinant of inflation in Nigeria. The study recommends that the government should diversify the economy, minimize importation by encouraging local production of products and services. The CBN should guarantee an exchange rate policy that is essentially determined by the state of the economy and not by speculators being a net importation economy. Also, the CBN should look inwards into the current interest rate and see how it can be regulated in such a way that will encourage private and foreign investors to be able to invest in the country. This in turn, successively increases income, infrastructure development and economic growth at large.

Open access
Analysis on Online Purchase of Clothing in Romania

Abstract

Clothing is the second important category of products sold in Romania through the Internet. The number of online buyers is increasing although not up to values registered in other European countries. This raises the question of the reasons for reluctance or poor use of online purchases and of the behaviour of those who still buy clothes online. The article focuses on presenting the results of a study conducted in one of Romania counties in 2016. Data is supplemented with information obtained from secondary sources, namely a national study conducted in 2014. We identified characteristics of Dambovita residents regarding the factors of influence, brakes on purchase and the actual online purchase behaviour.

Open access
A Case Study on Vedanta Alumina Ltd (VAL) Orissa India: State and FDI versus Democracy?

Abstract

Foreign investment in extractive industries in the developing economies has seldom remained free from various types of controversies. Vedanta Aluminum Ltd (VAL) integrated aluminum project in Orissa is an important project for Vedanta Resources Plc. The project suffered major setbacks as the Indian government withdrew the permission for bauxite mining in Niyamgiri and issued a show cause notice under Environment protection act in 2010 for undertaking construction activity without obtaining environmental clearance for its alumina expansion project at Lanjigarh in Kalahandi district in Orissa. This case illustrates how a decentralized policy and bureaucracy in a country like India deal with myriad problems of resource curse together with attendant consequences, despite the fact that as compared to several developing nations India has a better track record of legislative framework, an experienced bureaucracy and a regulatory framework.

There are institutional rigidities and limits of public policy formulation and implementation which adversely affect a diverse range of stakeholders: essentially because economic growth priorities override all feasible considerations of protecting and furthering stakeholder interests. India is not the only state which has undergone such an ordeal, many developing countries have suffered as well from their relative inability to deal with the issues of resource curse; but this case study assumes further significance because based on the actual final decisions a future road map in terms of a realistic public policy both for domestic investors as also foreign investors in extractive industries will be decided.

Open access