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Competitiveness of Business Organization Management Factor

In: International Conference Globalization, Innovation and Development. Trends and Prospects (G.I.D.T.P.)

Author

Listed:
  • Sorinel Mihalcea

    (“Valahia†University of Targoviste)

  • Delia Iuliana Banica

    (“Valahia†University of Targoviste)

  • Gabriela Boca

    (“Valahia†University of Targoviste)

  • Oana Camelia Iacob

    (Politehnica University of Bucharest)

Abstract

This paper provides a brief synthesis of competition as a progress factor of the business organization management implemented by the manager in order to achieve the objectives of the business organization in order to achieve profit. Regardless of the size of your business or organization, there will always be competition (higher or lower) that can be analysed in several ways. We will try to briefly address these paths. Firstly, competition can be seen in terms of the age of the business, i.e. a start-up or a company with market seniority. It is known that start-ups have countless weaknesses, mainly due to lack of recognition, managerial experience or domestic team welding, but they also have two strengths that should be exploited to the maximum. Secondly, a benefit that a new product has compared to another is that it can benefit from the customer's curiosity to test it. Curiosity, however, differs according to the risk of sacrificing its satisfaction. We live in a rather complicated world, so management cannot be simple. Management cannot provide valid universal keys, but they are good proven practices in other successful companies.

Suggested Citation

  • Sorinel Mihalcea & Delia Iuliana Banica & Gabriela Boca & Oana Camelia Iacob, 2020. "Competitiveness of Business Organization Management Factor," Book chapters-LUMEN Proceedings, in: Ioana PANAGORET & Gabriel GORGHIU (ed.), International Conference Globalization, Innovation and Development. Trends and Prospects (G.I.D.T.P.), edition 1, volume 10, chapter 12, pages 95-104, Editura Lumen.
  • Handle: RePEc:lum:prchap:10-12
    DOI: https://doi.org/10.18662/lumproc/gidtp2018/12
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    More about this item

    Keywords

    Competition; progress factor; strategies; business organization; business management; managerial experience;
    All these keywords.

    JEL classification:

    • F6 - International Economics - - Economic Impacts of Globalization
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • I2 - Health, Education, and Welfare - - Education
    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty

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