Browsing: financial crises

Introduction. The political, economical and social transformations that human society has known throughout its existence had as a basis the settlement of a wide range of relationships and interconnections among the different communities, populations, cultures and state formations, synthesizing gradually but surely the currently phenomenon that they called globalization. As part of globalization, financial globalization is highlighted by two main elements: the free movement of capital flows and the foreign participation in the share capital within the financial system at national level.

Aim of the study. This paper aims to highlight that throughout its entire evolutionary process, financial globalization has brought some significant challenges for monetary policy that requires an investigation of the multiple macroeconomic issues involved and that are crucial in ensuring and maintaining price stability. Global financial and economic crisis in the years 2007-2010 was impact of a “tsunami” – as expressed Frederic Mishkin, a phenomenon that has not only damaged and endangered the economic environment globally, but also brought a series of challenges science rethink its monetary policy purposes.
Keywords: monetary policy, financial globalization, agents of financial globalization, financial crises, floating exchange rate regimes, foreign capital flows
JEL Classification: E31, E52, E58, F36, F62, F65

Introduction. In the speciality literature, a number of studies have been written and are still written today, which show the necessity of redefining the notion of manager regarding the elements that define the leader within the organization. Over time, a series of analyzes have been put in place to determine whether a person has a leadership role following a development process or whether leadership skills are skills with which a person is born with. The concept of an efficient manager should not be confused with the concept of leader because in the case of the first concept, the attribute used to achieve the results remains the authority with which the manager is established, an attribute that the leader does not have. Leaders builds morale and improves satisfaction, by building and developing in employee’s confidence and by creating a warm and positive environment. We can observe without a doubt that successful organizations need leaders at all levels.

Aim of the study. The paper describes the concept of leadership and its influence on franchise organisations perfomance.Fun Science Romania, an international entertainment and education franchise initiated in Romania since 2005, understood the significant role of leadership especially during the financial crises of 2008. Finding the best leaders according the specific of the activity and the specific of the organization is a real challenge.
Keywords: leadership, manager, organization, leader,communicate, franchise, financial crises.