The world is (permanently) changing – and from time to time major shifts occur and redefine its patterns of evolution. The global economy within it gets new leading actors and defining features, new power balance and architecture. This is inevitable in order to develop. Sometime of these...

The objective of this article is to describe the standard architecture of an internal rating system, based on the theoretical references and empirical evidences of a limited number of banking groups operating in UE, USA and Romania. The first part of the paper sets out the theoretical and...

Globalization and competitiveness are two of the most common presences in the public discourse. But, surprisingly (or not), both of them mean different things for different people (and the meanings of the concepts themselves evolved in time), they are analyzed and evaluated by specific methods...

Any corporate entity, can function only with its accounting, as an objective requirement of financial management, the order and discipline being requirements of law, but also of their own status. In this paper, aim to present main issues for basic accounting you need to know a non specialis...

“People are the active resources of the organization because their potential, experience and passion, their initiatives and development actively contribute to the increase in efficiency and effectiveness of the organization” (Manolescu, 2007), having the ability to boost the results of the...

Indonesia is initiating a beginning risky of immense competition trading challenge, ASEAN-China Free Trade Agreement has already taken into effect. China has more opportunity with competitive products flooding Indonesia’s market. The frail Indonesia’s market and economic condition would...

There are many challenges to face in this century. It’s an era of information. Those who have the best information are going to win the race for supremacy on the market. More and more managers are aware of the fact that they have to do something to remain on the market and to be successful....

All things are about to change. World economic crisis of 2008-2009 exposed the deficiencies and imbalances within all the global economic system. When overvalued property prices collapsed, international financial institutions have suffered heavy casualties. Loss of investor confidence led to the...

The competitive advantage can be obtained by the use of specific strategies in an international context: off shoring and outsourcing. These, however, have limitations such as the ephemeral nature of the benefit obtained and difficulties such as building effective collaboration reflected by the...

The surveys conducted in Sibiu to evaluate the long term effects of European Cultural Capital in Sibiu in 2007 were carried on during 2008 and 2009. Works are in progress. The preliminary findings concerning the impact on major stakeholders have focused on the main goals of the event: image of...