CONCLUSIONS ON MODELING DEVELOPMENT PROGRAMS WITHIN ECONOMIC ORGANIZATIONS

In a globalized economy, economic organizations must be prepared to handle a wide range of economic turmoil that can disrupt the domestic economic environment and compels managers to adjust their strategies and actions accordingly. In the recent years, the financial and economic crisis has monopolized economies all around the world, having a negative impact on the evolution of the whole economic environment and especially on the activity of the economic organizations. In such circumstances, the economic organizations must establish adaptive evolutionary trajectories as soon as possible taking into account the economic environment and the markets they operate in. Managers will be faced with unprecedented problems of adaptation and this is the reason why a suitable tool in their support is needed. One such tool is management forecasting. The authors of this paper highlight the conclusions they reached after experimenting with mathematical methods on the modeling of development programs, integral part of management forecasting.