Volume 5, Issue 2, June 2015 

 

1. HUMAN RESOURCES’ QUALIFICATION AND ITS INFLUENCE UPON COMPANY’S PERFORMANCE

Vasile DEAC
Radu Nicolae BÂRZĂ-NICOARĂ
The Bucharest University of Economic Studies, Bucharest
Romania

Human resources qualifications and level of competences impact the production level of the gross outcome. Work productivity directly impacts the total operating cost of a company. Mismatching between the job needs and the personnel skills can lead to serious dysfunctions in the production process and the production outcome. From the neoclassic theory of the labour market we can state that mismatching is a short run problem, while, based on Spence’s job matching theory or Thurow’s competition model we can point out that in the case of production companies mismatching is a permanent problem. This paper will present mismatching theory as well as the importance of qualification and skills. In order to show the impact of education on the gross production output we will use a productivity model that outlines the impact of education ...

2. STRATEGIC HUMAN RESOURCES MANAGEMENT AND CAREER PLANNING

Migally WAEL
The Bucharest University of Economic Studies, Bucharest
Romania

Human resources management and labor economics operates with a variety of terms whose contents are often intertwined. The desire to deepen specialist fields of science related to human resources led to an avalanche of concepts that, because joint enrolment spheres were often used incorrectly when they were taken in economic practice. Precisely for this reason we intend to create a presentation and to relate them to the current concept of human resources. Career is explained by some authors as the sequence of functions in ascending order of prestige, through which the employee in an orderly manner, as a rule foreseeable. According to other authors, career consists of a succession of positions in a hierarchy, with associated functions. In a subjective interpretation, from the perspective of the individual, is the dynamic career in which a person perceives life as a whole, and interpret the significance of various personal qualities, actions and things that have happened. ...

3. RESEARCH REGARDING CHANGE MANAGEMENT TOOLS ON EU SMES

Eduard Gabriel CEPTUREANU
The Bucharest University of Economic Studies, Bucharest
Romania

Change management practices has so far been studied mainly in large companies (i.e. high-tech and multinational enterprises) because researchers could obtain relatively easy information regarding these processes and could explain easily the peculiarities of it based on case studies . However, in recent years a number of researchers focused on SMEs, because this type of organization account for over 90% of businesses all over the world, and there is a growing need to create sustainable SMEs, then developing and implementing change is highest in making progress towards sustainability. In this paper, we investigate change management tools on SMEs from seven different EU countries, in order to better understand the nature of practices and help develop best practices from SMEs on EU. Drawing on a database collected from 72 innovative SMEs, we explore peculiarities and trends on SMEs change management instruments, based on data base analysis from 2014-2015. The survey furthermore focuses on the motives and perceived challenges when SMEs adopt change management practices. Within the survey, we split instruments accordingly to change management methodology steps into planning, implementing and communication of change. We find that the responding SMEs engage in many change practices and have increasingly adopted such practices during the past years. As a limitation of our study, we investigate only medium enterprises, because was difficult to identify a coherent base of change instruments micro and small enterprises. The results are restricted to the sample which is small in size, but generate a good insight into the changes occurring within it. This study is one of the few study in its field to use data from seven different countries in order to analyze change management instruments and help to develop a common base of practice ...

4. COMPARATIVE RESEARCH ON PROJECT MANAGEMENT APPROACH IN THE EUROPEAN EDUCATIONAL INSTITUTIONS

Armenia ANDRONICEANU
Bianca RISTEA

The Bucharest University of Economic Studies, Bucharest
Romania

Nowadays, project management is common for many areas and industries, including the educational sector. The international cooperation between educational institutions and the students’ international mobility are built on major projects and programs established through European and national institutions. The aim of this article is to review the best practices of project management implementation in public secondary education. The analysis is focused on three European countries: France, Spain and Finland. Using Eurydice tools and network, OECD reports, the national project agency reports and scholar’s researches, we compare the project management background and characteristics within these three decentralized educational systems. The results are considered useful for school managers that are going to implement major projects in their institutions. ...

5. EMPIRICAL INVESTIGATION ON THE CORPORATE FINANCING FOR SPORT DEVELOPMENT IN E.U.

Sebastian Mădălin MUNTEANU
The Bucharest University of Economic Studies, Bucharest
Romania

Assuming the increasing part that sport economics plays nowadays in research and pragmatic fields, the main objective of the present study is to investigate on the companies’ role for supporting sport development through sponsorships and donations, as one main component of the private financing for sport. The fundamental premise that stays behind this research is the potential of sport for inducing competitive advantages for the companies that assign corporate resources for this social domain. The research was conducted for the EU member countries by using secondary data freely available in official documents and databases. The comparative analysis highlighted the factors that generate significant differences between the investigated countries. The results showed that, although corporate financing for sport purposes is well-developed only in few EU countries, its part is constantly increasing as companies in different economic, social and cultural contexts are becoming aware of the strategic potential of sport on medium and long terms. The findings are presented in detail at country level. ...

6. COMPETITIVENESS OF SMES

Sebastian Ion CEPTUREANU
The Bucharest University of Economic Studies, Bucharest
Romania

The main reason for addressing competitiveness at SMEs level is that, ultimately, the meso or macro level competitiveness is generated at the enterprises level, the main actors of economic life. It is one of the most used levels of analysis in the literature, due to the special interest shown by companies in their competitive assessment of the situation by referring to direct competitors, using tools that easily lends itself to comparisons between companies (benchmarking is one of the most used systems), particularity of the comparison, using quantitative indicators widely accepted and easily comparable - the profit, market share etc. ...

7. THE SOCIO ECONOMIC DETERMINANTS OF LOW BIRTH WEIGHT BABIES OF SLUMS IN MUMBAI METROPOLITAN REGION

Sanjay RODE
University of Mumbai, Mumbai
India

The public health care policies are responsible for human resource development. Such human resource promotes economic growth and development in any region. But public health care policies are ineffective in slums of the Mumbai Metropolitan Region. It has affected on birth weight, infant and child mortality and malnutrition. The incidence of low birth weight is found more in slums of Kalwa. The illiterate and secondary school studied parents have high incidence of low birth weight babies. The mild BMI of parents have more incidence of low weight at birth. The use of modern contraceptive is very low among parents. The antenatal visits are lower among the pregnant women in slums. The logistic regression results shows that the low birth weight children have positive relationship with mothers secondary school, mild BMI, eat pulses and chicken and use of withdrawal method of contraceptive. The low birth weight babies are negatively co-related with normal BMI, reading magazine, eat curd and eggs and iron and folic acid tablets during pregnancy. Therefore policies such as full antenatal care to pregnant women are required on urgent basis in all slums. Health care staff must spread awareness of pre and post natal care and provide modern contraceptives in slums of metropolitan region. Government must provide the vocational training to unskilled workers to improve their income earning. It will not only improve their income earning but also physical and electronic asset holding. More awareness of nutrition, hygiene and family planning will result into more birth weight of babies. The poor people need affordable housing, sanitation and water supply in all slums of Mumbai Metropolitan Region. ...

8. SOLAR ENERGY FIELD WELCOMES NEW TRENDS IN THE EUROPEAN UNION. CASE STUDY: ROMANIA

Horaţiu Sorin REGNEALĂ
The Bucharest University of Economic Studies, Bucharest
Romania

In 2012 and 2013, solar energy has become the most important source of renewable energy in the European Union, whose main role is to produce electric power. Business models in the solar energy field, as well as the perception on the legal context, that is a major source of influence for the companies in the field, have been a main subject of debate in Romania and the European Union, but have not been scientifically researched. The purpose of this paper is to develop a comparative study on the situation of business models in the Romanian field of solar energy, between the years 2013 and 2014, as well as the development of photovoltaic industry forecasts in Romania in the coming years. In order to perform this study, we used the method of Delphi based on questionnaires and interviews with experts in this field of activity. This study is a continuation of the research carried out last year (Tanţău et al., 2014) and illustrate the major changes in the Romanian field of photovoltaic energy, after modifying the law No. 220/2008 by Emergency Ordinance of the Romanian Government No. 57/2013 and the appearance of Decision of the Government No. 994/2013. The study treats the new directions in the field of photovoltaic energy in Romania representing the basic pylon of the future trends of business models in the photovoltaic industry, that were not previously provided in the scientific literature. ...

9. THE DYNAMICS OF THE DOW JONES SUKUK VOLATILITY: EVIDENCE FROM EGARCH MODEL

Nadhem SELMI
Mohamed FAKHFEKH
Marwa BEN SALEM

University of Sfax, Sfax
Tunisia

This paper aims to test the effect of asymmetric shocks on the volatility of the Dow Jones Sukuk. To this end, we applied the EGARCH model to give a clear idea of the effect of asymmetric shocks on the volatility of the sukuk. Considering the daily returns of the Dow Jones Sukuk for the period from 09/06/2009 to 31/12/2013, our results suggest that the volatility of the 2009-2010 period is very sensitive to market events over the period 2010-2013 and positive shocks are more volatile than negative one. The results have important implications for the sukuk market. This result can be explained by the good transparency, disclosure and better incentives that make investors expand their business in the market for sukuk. ...

10. THE DISRUPTIVE FORCE OF 3D PRINTING ON SUPPLY CHAINS

Alexandra Ioana FLOREA IONESCU
The Bucharest University of Economic Studies, Bucharest
Romania

Considered by McKinsey one of the disruptive technologies that will change the way of manufacturing, 3D printing is a method widely used in design and prototyping. This method can have a great impact on the supply chain as soon as it will be used in manufacturing, as companies will be able to manufacture on their own and very quickly what is now realized by a wide series of subcontractors. This article has as its goal to discover if indeed 3D printing will very soon restructure the supply chains and in what way. ...