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Vision And Strategic Thinking In The Romanian Fast Growing Firms Management

Author

Listed:
  • Nicolae BIBU

    (Universitatea de Vest din Timisoara)

  • Diana Sala

    (West University of Timisoara, Timisoara, România Management Department, Faculty of Economics and Business Administration)

  • Maria ALB

    (Universitatea de Vest din Timisoara)

Abstract

The purpose of this paper is to present preliminary specific issues concerning the vision and the strategic thinking of the managers of Romanian fast growing firms in the years of rapid growth. This paper clarifies two research questions. (1) The first research question is what is the message of the manager's vision of the Romanian fast growing firms? Therefore, we must first verify if the managers of the Romanian fast growing firms have a concrete vision about the business they run and if so, what is the vision of the managers about the companies that they lead? (2) The second research question is what findings can be drawn about the role of strategic thinking of the managers in the management of the Romanian fast growing firms? The research that we have conducted is a qualitative research. The research method that we used is the interview. The interview is specific to qualitative research. Regarding the method of analysis that we used it is the content analysis. The research was conducted on a total of 17 Romanian fast growing firms that are located in Timiș County. The firms were identified based on a specific selection criteria set after a thorough review of the literature in the field. The 17 companies that we have analysed represent the foundation of 17 in-depth case studies, which we believe helped us to better understand what it means in the Romanian context to grow fast, through the entrepreneurs managers vision and strategic thinking. The results presented in this paper come to strengthen the results reached by other researchers in this field. The results present an image of the current Romanian context – about the role of strategic thinking of the entrepreneur manager in the management of Romanian fast growing firms. The paper presents a detailed analysis of managers' vision of the Romanian fast growing firms. The paper also presents findings about the role of strategic thinking in helping managers achieve rapid growth in the Romanian context.

Suggested Citation

  • Nicolae BIBU & Diana Sala & Maria ALB, 2016. "Vision And Strategic Thinking In The Romanian Fast Growing Firms Management," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 845-851, July.
    • Handle: RePEc:ora:journl:v:1:y:2016:i:1:p:845-851
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    File URL: http://anale.steconomiceuoradea.ro/volume/2016/n1/82.pdf
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    References listed on IDEAS

    as
    1. Barringer, Bruce R. & Jones, Foard F. & Neubaum, Donald O., 2005. "A quantitative content analysis of the characteristics of rapid-growth firms and their founders," Journal of Business Venturing, Elsevier, vol. 20(5), pages 663-687, September.
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    Cited by:

    1. Sanjay Dhir & Swati Dhir, 2020. "Modeling of strategic thinking enablers: a modified total interpretive structural modeling (TISM) and MICMAC approach," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 11(1), pages 175-188, February.

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    More about this item

    Keywords

    fast growing company; vision; strategic thinking;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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