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Time as Absolute Factor of Competitiveness and Economic Efficiency

Author

Listed:
  • Roxana Arabela Dumitrascu
  • Vadim Dumitrascu

    ("Dimitrie Cantemir" Christian University)

Abstract

To generate new knowledge as output of the business processes represents the basis of the most substantial competitive advantages. This transforms the speed of the business processes in the key factor of competitiveness. Time becomes the absolute criterion in the delimitation of the competitive organisations from outsiders. Faster are the business organisations that manage to extract profit rapidly. Their reporting to the profitability threshold may constitute the basis for measuring the businesses’ rhythms.

Suggested Citation

  • Roxana Arabela Dumitrascu & Vadim Dumitrascu, 2013. "Time as Absolute Factor of Competitiveness and Economic Efficiency," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 5(Special 1), pages 74-77, December.
    • Handle: RePEc:khe:journl:v:5:y:2013:i:1special:p:74-77
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    More about this item

    Keywords

    Innovation; the rhythms of the business; organizational agility; cost-effectiveness threshold;
    All these keywords.

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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