Browsing: M13

2013

Leadership Evidences: Communication and the Organizational Change Success

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Introduction. The economic crisis revealed the importance of organizational capability to adapt to the everlasting changing environment. While change has become a regular feature of organisational life, leadership plays a crucial role in this endeavour. The change success can be assessed considering different parameters such as organizational context, factor necessitating change, strategy for change and actors involvement.

Aim of the study. The aim of this paper is to highlight the importance of the organizational communication to the most important leadership effects – the success of changes within the Romanian companies. A set of hypotheses are tested in order to identify the links between the success of change implementation and elements such as objectives and organizational communication components. A set of hypothesis was tested during our research, using specific methods of quantitative and qualitative analysis and the SPSS software. The results of our research, limited to the purpose and the sample size, shows that that organizational communication is liable to the success of changes promoted by leaders within Romanian firms.
Keywords: leaders, organizational change, organizational communication
JEL Classification: L29, C59, O52, M13

2018

The Advantages And Disadvantages Of Using The Lean Start Up Method For Setting Up A Company In Romania

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Introduction. In the multitude of methods and procedures for initiating and implementing new businesses over the past decade, the Lean Start Up methodology also follows the research conducted by IT entrepreneur Eric Ries from 2008. The Romanian economic context after the effects of the international financial crisis revealed an increasing trend, albeit variable, in terms of economic growth and the development of new business and entrepreneurial initiatives. This article aims to highlight the possible impact of the Lean Start Up methodology on entrepreneurial thinking and practice in Romania, both at the beginning of the road and in its continuous evolution.

Aim of the study. The paper first performs a research on specialized scientific literature, then focus on the presentation of the Laen Start Up methodology, on the advantages and limitations of the method in question, and on the implications of its use in Romania. The results of the research result in highlighting a number of possible guidelines and guidelines to follow regarding the application of the method to the newly established enterprises in Romania.
Keywords: Lean Start Up methodology, entrepreneurship, business model, startup, innovation-accounting
JEL Classification: M13, M16, M53, O31

2018

The Importance Of The Antreprenorial Training In The Financial Field On Setting Up New Start-Ups In Romania

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Introduction. Lack of financial knowledge and fair financial planning at the entrepreneurial level are the major impediments both in the start of a business and in its further development, among the major obstacles being the access to financing, which in the case of Romania is among the lower in the European Union.

Aim of the study. With this paper, the author wishes to highlight the importance of financial education in the entrepreneurial field from the earliest stages of starting a business and, on the basis of real observations, to mark the main problems and difficulties that arise in this context. The article is structured by considering a research in the scientific literature, a presentation of Romania Start Up Plus program, an outlook on the particularities and characteristics of the Sud-Muntenia region, and, finally, a close observation and analysis on financial training through Romania Start Up Plus program.
Keywords: financial education in entrepreneurship, business plan, financial planning, access to finance, Romania Start Up Plus program
JEL Classification: M13, O22, L26, M53

2020

What influences the entrepreneurial intention in Romania? Identification of the main determinants using classification trees

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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

2019

The Distinct Evolution of Crowdfunding Strategies in Asian Countries

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Introduction. China and Japan respectively are two such countries that have taken the original concept of crowdfunding and evolved it distinctly within their own cultural spheres. To research into this subject, existing articles about crowdfunding in these respective countries were reviewed extensively and compared to existing standards in the West. At the same time, newer practices employed for Asian crowdfunding that evolved nationally has been migrated and integrated in their international interactions, which may or may not be in concordance with existing crowdfunding forms. From the results we know that the most prevalent form of Western crowdfunding is reward-based, and as such strategies have evolved to increase the project-makers’ chances of a successful crowdfunding campaign or project. However, in Asian countries this is not the general case, where donation-based crowdfunding and other forms such as crowdlending and equity-based crowdfunding are more relevant. To fulfil its purpose, the article tries to bring forward from Asia the new and intriguing, yet successful practices of crowdfunding that have emerged and evolved distinctly in their domain. It also leaves the door open for such practices to be replicated in the West.

Aim of the study. The objective of this article is to look at how crowdfunding has evolved around where it is likely to go. If we treat the most prevalent information from the West as the global standard, we may miss the new intriguing trends that arise from other areas in the world.
Keywords: crowdfunding, strategies, Flash-Sale, funding lifecycle, risk-reduction
JEL Classification: M13, O3, O31, O32