ECONIMIC AND FINANCIAL ANALISYS – DETERMINANT OF BEHAVIOR IN ORGANIZATIONS
ECONIMIC AND FINANCIAL ANALISYS – DETERMINANT OF BEHAVIOR IN ORGANIZATIONS
Author(s): Ştefaniţa Şuşu, Mihaela Bîrsan, Alina Irina BalanSubject(s): Economy
Published by: Editura Eurostampa
Keywords: economic analysis; financial analysis; diagnostic
Summary/Abstract: Essential for business success in this constantly changing world, is not primarily the availability of resources (financial, human, material, information, etc.), is an optimal organization of work, given to priorities and external rigors, enterprise connection to physiognomy and environmental requirements, the attitude towards the problems posed by the market, the ability to mobilize resources to capitalize the potential of domestic and market opportunities. Any economic system is considered to be "closed loop (feedback) [1] and therefore, its operation requires the existence of two factors, namely: a difference between desired value and actual value (current), called deviation, and a policy (strategy) that expresses the actions necessary to ensure a certain desired size for the difference between desired and actual value. Deviations analysis is controlling instrument company (as the enterprise process management), giving it the ability to timely notify the distractions and allowing adjustment of the system, increases short-term responsiveness of the entrepreneur and gives long-term capacity greater adaptation (it is called "seismograph company). From this perspective it is considered that the strategic approach and diagnostic analysis prior to the decision making and the alternatives they provide, justify it scientifically.
Journal: Anale. Seria Ştiinţe Economice. Timişoara
- Issue Year: XVII/2011
- Issue No: 17
- Page Range: 778-785
- Page Count: 8
- Language: English