Volume 7, Issue 2, June 2017

 

1. LEAN SIX SIGMA: LONG TERM APPROACH FOR GROWTH AND COMPETITIVENESS IN ROMANIA

 

Alexandra Mirela Cristina MUNTEANU
The Bucharest University of Economic Studies, Bucharest,

Romania
 

This paper investigates the benefits of Lean Six Sigma’s deploying in Romanian’s economy. After a brief introduction pointing out the advantages of Lean Six Sigma, Lean Six Sigma concept is introduced. The synergy of Six Sigma and Lean is presented as well as a conceptual model that illustrates the possible way of their integration into a tool to optimize business processes. The paper introduces DMAIC methodology, incorporating key elements of both methodologies, Lean Six Sigma’s main tools and application field. The paper presents the stage of Lean Six Sigma implementation in Romania, for large organizations and SMEs, their specific management quality’s problems and evolution during the last period. ...

2. STRATEGIC IMPLICATIONS OF ANALYZING COMPETITIVENESS MEASURING INSTRUMENTS FOR ROMANIA

 

Răzvan-Andrei CORBOȘ

Ruxandra-Irina POPESCU

Ovidiu-Iulian BUNEA
The Bucharest University of Economic Studies, Bucharest
Romania

 

Over the past decades, the competition between countries has become more and more important, especially in the current context when the political, social and economic effects of globalization are substantially increasing. States of the world are in a continuous battle for power, influence, investors, and resources. Competitiveness increases the productivity of a country that brings prosperity for its citizens; therefore, increasing competitiveness is a solution for future development. The researchers' reaction was to create competitiveness indexes, tools for measuring and evaluating competitiveness. Using these tools, both public administration and the business community can identify strengths and weaknesses in making decisions that will take advantage of existing opportunities to develop and increase productivity. This study presents two such tools - the Global Competitiveness Index, created by the World Economic Forum and OECD Competition Assessment - and how they can help increase Romania's competitiveness. ...

3. THE ROLE OF INTERNAL COMMUNICATION ON THE EFFICIENCY OF THE ACTIVITY IN AN ORGANIZATION

 

Florentina PÎRJOL

West University of Timisoara, Timisoara
Romania

Lia Lucica RADOMIR
UT Training Center, Timisoara

Romania
 

The present paper, entitled "The role of internal communication on the efficiency of the activity in an organization", aims to identify the importance of internal communication in any organization and especially to identify the way in which the strategy of an organization is influenced by an efficient internal communication This paper aims at studying the internal communication within an organization. Thus, passing to communication in a particular way, namely to the communication within organizations, we can say that it also has a vital role and represents the key to its effectiveness. All members of an organization communicate daily to ensure the proper functioning of the company’s goals. Regardless the position of those who participate in the communication, the clarity, the choosing of an appropriate language and also the encouragement of staff to communicate must be ensured. The manager, being the one who coordinate the team, the department and even the organization, must deliver efficiently the information and also know how to coordinate it. The communication climate must be a proper one and it is influenced by several factors: in an indirect way by the culture, nature and tradition of the organization and in a direct way by the relations between employees, by the management and by the existence of communication networks. ...

4. EXTRACURRICULAR ACTIVITIES’ ROLE IN THE PROFESSIONAL DEVELOPMENT OF A GRADUATE

 

Ana Alexandra GORA

Beatrice-Elena Drăghiciu

Carmen Odoroagă-Barbu

The Bucharest University of Economic Studies, Bucharest
Romania
 

Due to globalization, the communication, culture-differences and teamwork became some of the most debated problems. In this context, many new opportunities can be used to solve them. Therefore, the offer of the workforce market is growing continuously, the candidates having to identify new methods for differentiating themselves from the competition. The extracurricular activities have the potential to be an efficient opportunity to gain abilities that may be useful for the professional life. The way the youngsters can improve their communication, time-management skills and their technical knowledge, by participating in different types of projects, mobilities and internships is not an unknown topic. The extent in which graduates consider that the extracurricular activities can contribute to their professional development was analyzed in this paper. Also, the article presents the opinion of several Human Resources specialists regarding the subject in question. ...

5. PERFORMANCE MANAGEMENT BY CVP ANALYSIS

 

Diana ARMEAN

Maria-Larisa ARDELEANU
The Bucharest University of Economic Studies, Bucharest
Romania
 

The paper presents the stage of knowledge the cost-volume-profit analysis (CVP analysis), namely the principles, objectives and its usefulness for the performance management. The main objective of the paper is to implement the CVP analysis by calculating activity indicators on a Romanian company. To achieve the main goal of the research, we approached concepts such as costs, revenues, production volume, profit, decision making, what if analysis needed by the management to develop different scenarios on production volume, cost, sales price that lead to conclusive decisions in the near future. The research methodology corresponds to the research objective and is circumscribed to an archival research regarding literature review and the exploratory case study to highlight the effects of CVP analysis on the outcome by modifying the various factors. The basis of the research is the company Boromir, in which we studied the impact of CVP analysis on bakery activity. In order to apply the presented concepts, we highlighted the usefulness of CVP analysis in the decision making process. The main result of the research is that the CVP analysis applied to Boromir can give it various opportunities to maximize profits for the upcoming period. The projected scenarios at the company level have led to the possibility of adopting strategic decisions such as investing in promotion, reducing the sales price and changing the structure of fixed and variable costs in total costs. ...