Browsing: 2020

Introduction. The COVID-19 pandemic affected society in general and the socio-economic environment in particular. The effects of this health crisis immediately spread to the economic and financial environment, affecting most industries.

Aim of the study. This article aims to analyze the impact of the COVID-19 pandemic in football clubs in the five most important championships in Europe. The methodology was based on a quantitative research method. The results of this analysis show that the football industry has been significantly affected, and the prices that clubs have been willing to invest in acquiring new players in 2020 have fallen dramatically compared to previous years. This paper may be useful to those who want to understand the implications of the pandemic in economics, in general, and in football, in particular.
Keywords: management, European football clubs, COVID-19 pandemic, football industry
JEL Classification: M10, M19

Introduction. Every crisis teaches its own lesson. From the multitude of economic and social phenomena, the crisis has a baleful force, both through the energies it engages and through the energies it consumes through manifestation. The crisis is the hardest lesson that forces us to be careful so that we can avoid it, overcome it. Crises can be “managed” to become bearable. The attitude of the management, expressed concretely by the activity of the leaders on different hierarchical levels, comes to maintain and influence the performances of the organization, to support the dynamics of the change processes and to help, in this way, to design and achieve the strategic vision.

Aim of the study. This paper intends to present some strategic visions and ways of exercising the missions of leaders in organizations determined by the requirements for change.
Keywords: management, organization, change management, crisis, strategic vision
JEL Classification: G10, M10, M15

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

Management dilemmas in the XXI century

Personal actions don’t always lead to the goals that we wanted to reach. The restrictions of a budge are lowering the posibilities of achiving organisational performances. The most important quality of a manager is to orientate through a complex system of restrictions, finding the liberty to be open-minded. The performance is mostly influenced by the skills of the employees. This is why any manager should be very atentive to any factors that influence the evolution of the eployees and their personal needs. Ethical norms and principles influence the actions and desicions of the managers. Relationships and moral issues which appear within organizations between managers and all categories of stakeholders can affect the economical performances and social performances of the company. The dilemmas of the manager are highlited by the way he solves the problems consistent with the responsabilities to the shareholders, employees, customers and comunity. Artificial intelligence and the risks that people take in using it are another dilemma of current management. In a world where resources are dwindling, conflicts may arise over their division. Here we can talk about a dilemma of negotiation capacity. Cultural differences and the tendency of global decision makers to standardize everything is another dilemma. And last but not least, the dilemma is an argument which is consisting in presenting two inevitable alternatives, having the same result anyway.

Introduction. The paper uses the data provided by Flask Eurobarometer 354 to depict the profile of Romanians that were involved in entrepreneurship education, but also to define an index on perceived effects of education in order to link the participation to entrepreneurial programs to the decision of individuals to start-up their own business. The findings on the profile of those ever engaged in entrepreneurship education in Romania points out to the structural inequalities embedded in the Romanian educational system, but also emphasize the rapid extension of the curriculum in this direction. Education is perceived as very important in building up attitudes and knowledge that support entrepreneurial intentions.

Aim of the study. The paper aims to contribute to the better knowledge and understanding on entrepreneurship education and its role in supporting the development of entrepreneurial intentions in Romania. Analyzing the role of entrepreneurship education on influencing decision to of starting up a business is on the rise worldwide, a lot of importance being put on the importance of entrepreneurship education in supporting diversification of careers and transitions from unemployment or inactivity to self-employment. The empirical evidences for Romania, even if they are already addressed by several papers mainly focused on entrepreneurship education in universities still provide a lot of food for quantitative and qualitative analyses.
Keywords: entrepreneurship, education, drivers of entrepreneurship, Romania, quantitative analyses
JEL Classification: I25, M20, P46

Introduction. The Coronavirus disease (COVID-19) has triggered an unprecedented social and economic crisis by terrifying the very core of human existence. The COVID-19 pandemic has affected entire business segments especially educational services for children because the main way of working – direct interaction – was completely disturbed. Numerous questions arise such as: What is the first thing you can do as an organization in times of deadlock?, What options are left in the race of survival?, What are you heading for, as an organisation, in time of total uncertainty?In this respect, Fun Science Romania may provide answers as it is the Romania’s leading science enrichment provider, delivering unique science experiences for children. This study is based on findings from fifteen years of practice in science events area.

Aim of the study. The spaper describes consequences of COVID 19 on Fun Science Romania, an organization providing educational services. It also reveals the best strategic options according to SWOT analysis. The aims of the paper are to present the challenges and opportunities in educational management during COVID-19 pandemic.
Keywords: educational management, COVID 19, Fun Science, challenges, opportunities
JEL Classification: A10, I20, M10

Introduction. In today’s society, in order to be a successful entrepreneur you must be able to adapt to the ever-changing market conditions. To do this, it is important to be able to utilize your resources to their maximum potential so as to gain the best results possible. As such, it is important for an entrepreneur to have very good leadership skills in order to mobilize his team to achieve the vision of the company.

Aim of the study. The aim of this paper is to highlight the importance of leadership for organizational success in nowadays business environment. In particular, the paper focuses on the transformational style of leadership employed by famous entrepreneur Jeff Bezos that has managed to grow Amazon to the point that it is considered the biggest online retailer in the world. The methodology used is qualitative and is based on the research of secondary sources such as articles, books and interviews. The findings show that transformational leadership is a key solution that fits the needs of companies finding themselves having not only to strive to survive, but to flourish in this fast-paced, ever-changing environment of the business world.
Keywords: leadership, transformational leadership, Jeff Bezos, Amazon
JEL Classification: F00, F23, L81

Introduction. The history of both leadership and wisdom is as old as human civilization itself. Leadership has been studied in various ways from different perspectives and in diverse contexts (because it has a significant impact on the success/failure of any organization. On its turn, the subject of wisdom has become a broader interdisciplinary matter.

Aim of the study. The aims of the paper are to define the concepts of leadership and wisdom, and to present their relationship. The research methodology is based on a quantitative method. The paper shows that leadership and wisdom are complex and multifaceted concepts, and require attention from both a theoretical and practical point of view. Also, it illustrates the relationship between the two concepts by taking into account their common elements.
Keywords: leadership, wisdom, intelligence, knowledge
JEL Classification: M1, M19

Introduction. The analysis of corporate governance within institutions is a top subject right now. This concept currently de-fines a central and dynamic aspect in terms of economic reality, being increasingly present in many countries of the world. In the context of a modern economy, where all companies are facing changes due to the famous effects of the fourth industrial revolution and the crises caused by the Covid 19 pandemic, those who need to survive must be able to adapt immediately and operate at the highest level of efficiency. The ability to adapt to these challenges of the national and international markets depends on both managerial and leadership capabilities, as well as the general structure and characteristics. Achieving maximum overall performance of companies is the microeconomic goal of the “new economy”. The entire activity of financial institutions is built around the correct assessment and management of risk. Thus, risk management, ownership structure, motivation and remu-neration of the general manager were the central elements found in research papers on “corporate governance of banks”. The results of the literature study on risk management suggest a continuous increase in the relevance of this topic.

Aim of the study. The aim of the paper is to present the topic of corporate governance within the banking institutions. One of the limitations of this study is the lack of analysis in the current context triggered by the COVID-19 pan-demic. This pandemic is already having effects in terms of corporate governance, but also risk management as a whole. From the way banks approach and reanalyze customer relations, we see that the effects of the pandemic are already here.
Keywords: corporate governance, banking, leadership, economic efficiency
JEL Classification: G20, G30, G32, G34