Company-level leadership models. The right way or the circumstance-related adequate one?
Introduction. An incertitude status always arises when dealing with leadership models: which is the best way to act? As simple as the provision of an answer to this question might look like, things highly depend on circumstances. We can all agree, we guess, that some leadership styles have proven their superior efficiency in relation to others, the ones based on extreme behaviours in the matter, for instance, not being, usually, recommended. However, despite of that, issues should be approached by true leaders considering the specific cases they face, be they related to the field of activity concerned, to the professional knowledge held by the group of people they coordinate, to their attitude or dedication, to the types of problems to solve, to the level of risk involved or to the surrounding circumstances, among others.
Aim of the study. Given the complex range of factors that might exert influences upon the choice of the most adequate leadership style, we are going to mainly focus, hereinafter, on the impact had on the same by the first three of the above-mentioned mentioned, revealing, for each and every considered case, our suggestion.
Keywords: leadership models, leader flexibility, situational approach, company management, business profitability
JEL Classification: J59, M12, M54
Introduction. One of the goals of the national development policy is to support the sustainable economic and social growth of regions territorially balanced in Romania, in order to reduce economic and social inequalities among regions. The presence of multiple functional links in regional economy among processes being variable in time and space leads to the use of panel data models. Such models include regression equations where one uses series that are a combination of time series and cross-sectional data series.
Aim of the study. This paper presents theoretically the main elements of panel data analysis.
Keywords: regional development; sustainable development; panel data models
Company-level leadership models. The right way or the circumstance-related adequate one?
Introduction. Labour migration is mainly amplified by economic reasons. Labour force migration is a phenomenon which may have some benefits on international markets such as the European labour market considering its role in stabilizing the European labour market. At the same time it may represent a major benefit in balancing unemployment rate in the Euro area, or even in some European states which are aware of the labour market imbalances. However, it should be noted that population aging is recorded in the regions where dislocations occur: it is a phenomenon which may generate a decline in the economic growth and affect the living standard, should there be no thorough analysis. Therefore a closer monitoring of migration is mandatory, as aging population is one of its consequences, which must be investigated in the regional context.
Aim of the study. This paper emphasizes that population aging concerns the world, the public environment and scientific research and a discerning approach may create the assumptions for economic revival. Workforce nowadays acknowledges realities involving permanent adjustment and reorientation depending on developments in the technical and technological fields and its migration has become an almost instantaneous phenomenon. For this purpose, it is necessary to consider the fact that along with migration, dislocations in the active population occur, which often are not immediately supported by new contingents; therefore disturbances are created both on the labour market but also in the demographic plan. It is important to seek solutions to minimize their impact on the Romanian economy affecting economic growth and the level of development.
Keywords: demography, aging, migration, economic growth, standard of living.
JEL Classification: J11, J61, O15
Evolution of Bioeconomic Management in the context of Sustainable Development in the Age of Globalization
Introduction. Currently, the States and regions around the world face with several economic, environmental, social challenges etc. The increase in the demand for power supply, for primary resources (agriculture, forestry and fishing), for industrial products and services, sets a significant pressure on the ecosystems sustainability. One of the solutions to support the sustainable development process may be the transition towards the bio-economy, innovative sector focused on the production of biotechnologies and biomass. The bio-economy is the field comprising all economic activities related to the use of biological renewable resources.
Aim of the study. The goal of this paper is to draw the attention on the importance of bio-economy in the effectiveness of the use of natural resources and in the current context of obvious and irreversible climate changes. Moreover, lately, the concept of bio-economy gained the attention of the scientific and political environments, both in Europe and at worldwide level. We can already talk in Europe of a general transition towards the bio-economical field.
Keywords: Bio-economy, sustainable development, innovation, renewable resources management
Jel Classification: Q01, Q51, Q57
The Main Objectives Of Mass Media Industry Management In The Current Context Of The Romanian Market
Introduction. All media companies face the issue of dramatic market changes and consumers’ habits. The new technologies, the competition represented by the e-commerce companies and the huge number of nonjournalists content producers have major impact on the mass media industry. Strategies and business models must led to the best use of resources, keeping the constant market shares, and thus increasing profitability. Flexible strategies, market knowledge, loyal readership, the ability to innovate and adaptability to change are the elements that prepare businesses for an era of personalized information, as mass-media are ones of the few industries whose products are exclusively intangible-conceptual and non-material.
Aim of the study. The economic goals that media industry management needs to achieve are as important as the responsibility towards society and customers. The major focus of mass media management is finding the model to ensure the optimal balance between the costs involved by producing quality content, gaining trust and readership loyalty, managing digital and technology successfully as mandatory elements for revenue growth and business stability.
Keywords: management objectives, advertising market, readership, audience measurement
JEL Classification: M10, M20, L29
Manager or leader
Risk, avoiding it or looking for it
Employee’s motivation is the main subject, which makes the difference between a leader and a manger. Starting from here, we find out, that we are dealing with different ways of action. It is obvious that there are people that can have both leadership and managerial skills. We cannot simplify the classification of people in the two categories because in reality, an individual can have different behaviors determined by his own perception. For a manager we talk about different styles: authoritarian, transactional, focused on professional work, the need for safety. For leaders, there are also characteristic styles: charismatic, transformative, focused on people, risk exploration.
Pages: 3-4 Full text sources
Introduction. This paper highlights the effects of population aging; it has a negative impact on economy in general but also on the regional economic development in particular. As it happened in most European countries, Romania has been experiencing economic and social effects expressing the multiple aspects and various elements of a population in a continuous downward aging trend. Aging was more visible starting with 2000, year in which the elder population has exceeded young population; it is a growing phenomenon, as, according to statistics, the share of the elder population (aged over 65) has exceeded the share of young population (between 0 and 14 years). The diminished fertility rate and mortality rate are the determining factors which have accentuated population aging.
Aim of the study. The most important elements which contribute to a diminished fertility rate in modern society are culture, religion, demographic policy as well as other elements, more specific. A significant effect of the diminished fertility rate is the progressive reduction of capable future generations fit to enter the labour market, in order to increase the contributions to social health and insurance budgets which are necessary for payments for pensioners. It is important to acknowledge that goods which will bring added value in the economy cannot be created without human effort so as to improve the quality of life; otherwise, the diminished number of young people able to work leads inevitably to a lowered long-term development capacity.
Keywords: demographic, population aging, young population
JEL classification: H55, H61, J10, O15
Introduction. Two university events took place in spring and autumn 2019, having the following themes: Sustainable Education & Development in EU28 and Entrepreneurial Student Societies in Romania of the Creative Students. The objectives of the two events were the formation of the student leadership and entrepreneurial skills. Partner in the organization of these two events was a Romanian training & consultancy company which held two workshops whose themes were: transformational leadership and business simulation. In the former event, there was a team decision-making exercise which lay the stress on the leader’s role. The participant students were also administered a career questionnaire. In the latter event, there was a strategy building case-study and company coordination for a whole year. A focus group was also achieved, dealing with how the digital organization and the leader of the future look like. The main issues were certain concepts regarding the difference between a manager and a leader, the roles of the leader, the methods of the team decision-making, the leader’s necessary skills for building of a digital organization.
Aim of the study. The paper describes the results of the two workshops, each event involving about seventy students from more than ten university centers from Romania, as well as students from abroad – Europe and Africa. The research methodology was based on both quantitative and qualitative methods. The romanian academic environment is ready to develop talents in the entrepreneurship and leadership field. Millennials represent a major change in the employment market, and their vision about digital organization and the leader of the future helps companies to adapt their organizational culture to the new managerial profile.
Keywords: university events, leadership skills, entrepreneurial skills, digital organization, leader of the future
JEL Classification: L22, M14, M53
Volunteering, A Key Factor to Increase the Employment Rate, in the European Context
Introduction. Volunteering is one of the ways to optimize social cohesion, sustainable integration into the labor market, through the creation of the necessary framework for acquiring specific skills and competencies. It will prepare the citizens to face and adapt smoothly to the dynamic changes from the socio-economic environment. The European Union sustain the volunteers by promoting cross-border volunteering and their mobility, in order to develop a European identity, intercultural learning and creativity, by using efficient and effective the limited resources.
Aim of the study. The aim of the paper is to briefly analyze the ways in which volunteering, education and innovation contribute to achieve the European Union objective related to the employment rate. The authors achieved the objective of the paper by using a quantitative method. In the last decades, in Europe, the demand for highly skilled jobs has increased, also directly proportional the employment rate for the people with a high degree of education, endowed with the necessary abilities and competencies for the knowledge society. The paper highlights that volunteering represents an opportunity to gain new competencies and skills, by enabling the transformation of this knowledge into economic and social innovation which leads to productivity and creation of highly qualified jobs.
Keywords: volunteering, employment rate, innovation, education
JEL Classification: O35, A13, J21