Author: Stelian Stancu
Pages: 19-25 Introduction. These days, we are taking part at an increasing rate of business digitization, and without a doubt, we encounter difficulties in maintaining a clear overview of the business processes within an organization.Considering each business flow a puzzle piece of the entire company landscape, we aim to highlight the importance of documenting each ‘working piece’ with no other priorities. Having this focus in mind, as business intelligence and software developers, we can’t imagine this puzzle with a missing piece.Being aware of the fact that a solid base is built piece by piece, both the image of the company and…
Pages: 7-18 Introduction. In the last 30 years, the internet revolution has seized all areas of life, being undoubtedly one of the most important innovations of the century. At the same time, digitalization and e-government slowly followed the lead, significantly impacting the way citizens, businesses, and public administrations interact. However, now that all agents have integrated the new technologies into the socio-economic structures, the mere study of the two concepts individually will not be enough, considering the complexity of the current times and the challenges of the future.Aim of the study. Therefore, the current paper aims to introduce a new element…
Pages: 17-32Introduction. The Fourth Industrial Revolution (or the 4IR) emerged quite recently as a concept that describes the unprecedented transition of society towards a life governed by artificial intelligence, hyperconnectivity, and cyber-physical systems. To fully understand it, a short review of the previous revolutionary moments will be illustrated, focusing on their footprint on humanity, as well as on the business sector. After that, a definition framework will be constructed, that shows the structural design behind 4IR, from the fundamental characteristics to the technologies that it deploys. Lastly, as expected, when systemic dynamics are implied, the private sector will be the…
Pages: 7-16Introduction. In a constantly changing and evolving market worldwide, each organization seeks to shape and develop appropriate leadership, so that it responds to all the demands arising in the organization’s internal and external environment. Organizational culture imposes itself as the best way for operating in a successful manner.The members of the organization must develop a belief shared by the same values, attitudes, habits and written or unwritten rules that directly influence their activity. Culture needs to evolve in order for the organization to remain relevant in a changing environment. In this sense, changing the organizational culture is not an…
Pages: 77-88 Introduction.The modern society is in a continuous development, thus governed by globalization and digitalization, those two concepts becoming ubiquitous among each of us. Once the technological evolution and the pandemic caused by the COVID-19 virus had happened, each domain of activity tended to approach dome kind of digitalization. Aim of the study. This article aims to present the challenges that took place in the educational system once the online education took place over the traditional technique of learning and teaching. Even thought, the online education started from some time ago, once the pandemic struck, all the states on…
Pages: 49-59Introduction. Blockchain technology along with virtual currencies represent a widely debated topic which in the context of the current economic climate shows a growing interest. As digitalization intensifies, it is very likely that in the future a significant part of the workforce will conduct activity in industries hat use Blockchain technology. Given their novelty, Blockchain and cryptocurrencies have the potential to impact most industries and moreover to act as a link between distinct industries. Virtual currencies and the technology behind them are two extremely popular topics of the 21st century. As to how they will integrate into the current…
Pages: 55-66Introduction. Most of the studies undertaken in the direction of the underground economy identify fiscal pressure and corruption as the main determining forces of this phenomenon. The present study tries to address other factors as potential drivers of the unobserved economy through variables that summarize the conditions that characterize the business environment. For this purpose we will consider the situation of eight member states of the European Union, states that joined EU after 2000. Using panel data we will investigate the link between regulations and the informal economy over the period 2000-2015.Aim of the study. The paper is structured…
Introduction. This paper investigates the size of the rural population in Romania. If we define the rural community in Europe, we can say that more than half of the people in the 27 European states live in rural areas. As the surface of these rural localities occupies over 90% of the European Union territory, which is important because until recently, within the European Union’s policies, the rustic was considered a sector, and no emphasis was placed on its character and spatial size. From this position derived from the available studies and statistics, the study adopts desktop research methods from reliable sources to retrieve verified data to complete this study. The findings of the study are also outlined in the paper as follows. The study finds out the opposite trend in urbanization in Romania as more people are settling in rural areas than the rest of the countries across the European Union.
Aim of the study. This paper entails a discussion section where the data is well presented and explained using tables, graphs, and images to relay the information. The report concludes by outlining significant findings of the study like the opposite urbanization trends in Romania compared with UE countries.
Keywords: Rural Romania, Urban Romania, Romania GDP
JEL Classification: J64, B16
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
Introduction. Anywhere in the world and in any market, the firms are facing more and more a major challenge to meet growing customer demand towards addressing specific business or operational needs of their customers. In a globalization era, a firm’s customers are more oriented on how to create value for their own customers and such they are looking for an approach shift from their providers. Nowadays, the customers are expecting from their providers to better understand the value creation process in their organization.
Aim of the study. Through knowledge combination, the provider and the customer are acting like partners in the co-production of a customer solution to solve a specific customer business requirement. The expected approach is for the provider to create value not for the customer but together with the customer. Even though a number of driving forces requires the shift of a firm’s focus towards taking the perspective of the customers of that firm, it is not an easy task for any firm no matter the market it is operating in or the geographical area the firm is covering. But this shift could represent one effective and efficient way for the firm to differentiate in the market and to be rewarded with achieving a competitive advantage to be sustained over a longer period of time.
Keywords: value creation, sustainable competitive advantage, customer solutions.
JEL Classification: L10, D40, M10