BASIC CONCEPTS OF CHANGE MANAGEMENT OF SMEs
BASIC CONCEPTS OF CHANGE MANAGEMENT OF SMEs

Summary/Abstract: Change is the only constant. The only difficulty is to follow it. The last decade was a period of unprecedented transformations. In all industries, SMEs are in process of transformation. The change is occurring increasingly rapidly and it is a fundamental problem. To maintain an organization running efficient and to increase performance, adaptation to the changes occurring in the environment in which it operates is needed. Elements of the past are no longer valid today. An organization's most precious resource for tomorrow is the ‘technical information’ (the know-how) and the main difficulty is to transfer the most important ‘raw material’ – human-resources – beyond products, countries, markets and functions. For this purpose, a new type of organization is needed, one which is capable of maximizing the core competencies and core activities. Human capital is an active element. (Nistorescu, and Constantinescu 2009, 33).

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