Author: Paul Marinescu

Creativity, Invention and Innovation – Catalysts of a Perfect Management
Lately, in the academic environment, as well as among management consultants and managers, the issue of management innovation is increasingly arising. It is considered that innovation in management has the unique advantage of making key changes in terms of competitiveness by implementing practices, structures, techniques, or processes that can facilitate the achievement of the organizational objectives. This can help create favourable conditions at the organizational level for building a favourable climate where creativity, innovation and inventiveness can become important factors of organizational performance by creating competitive products and services.

Introduction. The high importance of the entrepreneur’s role in society has been widely recognized by most economists as well as by politicians or decision-makers. The path to entrepreneurial success is not to be found only in books and business reports, but also in the country’s culture, entrepreneurial experiences, entrepreneurs’ characteristics, skills, personalities and behaviors, creativity and work.

Aim of the study. The aims of the paper are to define the concept of successful entrepreneur and to present the case of Mark Elliot Zuckerberg, one of the famous American entrepreneurs. The research is based on a case study. The paper demonstrates that Zuckerberg, the co-founder of Facebook, has succeeded in becoming one of the most successful entrepreneurs worldwide.
Keywords: entrepreneur, Zuckerberg, Facebook, company
JEL Classification: L26

Introduction. There are a lot of factors, both internal and external (social, financial, technological, political, legislative, demographic) that influence the activity of a company. Its adaptability and flexibility are decisively influenced by the entrepreneur’s education, but also by the group he leads and by the innovative spirit that exists at the organizational level. The local and global information flows provide support for the development of businesses that once seemed impossible. The entrepreneur has the capacity to take major risks, to identify opportunities and to ensure the company’s sustainability.

Aim of the study. The paper aims at presenting some aspects regarding the current level of entrepreneurship and the way in which education and innovation influence it.
Keywords: entrepreneurship, innovation, education, entrepreneurship factors, growth
JEL Classification: L26

Leadership in companies without managers

The evolution of cutting-edge technology has imposed another type of organization behaviour in relation to market stringencies. The dynamics of the company leads to the emergence of another type of management that requires the replacement of the manager with a group of decision-makers whose roles change, being influenced by the moment of the company. Thus, trust becomes a defining element of the team without a manager because it means both assuming and respecting at the same time the skills of the others. The network becomes an essential element in the decision-making process, but also in the communication thereof at the organizational level. The design of an organization changes dramatically and innovation and creativity become the decisive competencies of the decision-making processes.

Introduction. The level of interest in entrepreneurship among policy makers, researchers, academics and businessmen has significantly raised in the last decades. During its evolution, the concept of entrepreneurship has been embedded in many various schools of thought on entrepreneurship. As entrepreneurship is interdisciplinary, it puts together knowledge and combines concepts from different fields of study and schools of thought.

Aim of the study. The aims of the paper are to briefly define the concept of school of thought and to exemplify its use in the field of entrepreneurship. The paper is based on a quantitative research method. It shows that the existence of the schools of thought on entrepreneurship proved to be beneficial for the development of entrepreneurship.
Keywords: schools of thought on entrepreneurship, entrepreneurship, macro view, micro view
JEL Classification: L26

Future management: from creativity to rigour

The future of management is influenced not only by the quality of people, but also by the consistency of the contexts in which they operate. The implementation of some fundamental changes required by the emergence of top-of-the-art information technologies will transform the educational systems, and they will be customized because tomorrow’s people will beable to acces, process and be able to use information from any place and at any time. The traditional management model disappears because reality calls for another type of inter-human relationship, another type of education and other ways of manifesting individuals at the level of organisations.

Introduction. Trends of global market evolution have influenced the emergence and development of clusters which are very well structured and, at the level of companies, they have encouraged the development of individual and professional networking processes. Networking thus becomes a resource that represents an opportunity offering potential organisational benefits, while being a process in which management principles and organisational communication elements are found.

Aim of the study. As a process, management aims at achieving the organisational objectives by using limited resources and by guiding systems within the context of a dynamic environment.
Keywords: networking, management, branding, planning.

Introduction. In a period of less than two decades (mid-1950 and early 1970s) Japan succeeded in achieving high economic growth rates and becoming the world’s second economic superpower. Both macroeconomic and microeconomic factors, such as the Japanese government’s economic policies, institutional reform, high saving rates, land reform, and high-competitive corporate management contributed to this performance. Based on a strong cultural framework, the so-called “Japanese style management” represents one of the many explanations of the Japanese economic miracle. In this sense, the Japanese culture and its influence on Japanese management have been subject of numerous researches in the last decades.

Aim of the study. The paper aims to help readers to identify and understand some of the main cultural dimensions of the Japanese management. The research methodology is based on a quantitative method.
Keywords: culture, management, values, Japan
JEL Classification: M00

Entrepreneurship in the context of the fourth Industrial Revolution

The fourth Industrial Revolution (Industry 4.0) represents a combination of Cyber Physical Systems (CPS), of the Internet of Things (IoT) and the Internet of systems. The networks of devices that will be connected to each other and that will be able to store and exchange data at an extraordinary speed can provide unlimited possibilities for creating contexts in which people can develop their business.

Introduction. The present study focused on investigating entrepreneurial intention in Romania using a technique specific to the field of data mining, respectively classification trees. The main idea of the study is to identify the probabilities of an individual being classified as a potential entrepreneur, having as a starting point a series of socio-demographic characteristics, but also perceptions, beliefs and opinions on issues related to training, experience and skills.

Aim of the study. The analysis takes into account some perceptions of the institutional support that authorities can provide to the entrepreneurial ecosystem. After analyzing 1522 responses to a questionnaire, it was concluded on the one hand that most respondents are not attracted to the idea of launching their own businesses, while potential entrepreneurs are characterized by a high confidence in their skills, in turn know individuals who have become entrepreneurs, these evidence being in line with other studies in the field, these aspects characterizing other groups of individuals and other societies. The low importance of the variables that describe age, gender and fear of failure in building the model implies that in Romania these characteristics do not significantly influence the decision of individuals to become entrepreneurs.
Keywords: entrepreneurial intention, classification trees, GEM database, self-confidence
JEL Classification: C38, C82, L26, M13