THE HOTEL COMPANIES AND THEIR RELATIONSHIP WITH THE CAPITAL MARKETS

THE HOTEL COMPANIES AND THEIR RELATIONSHIP WITH THE CAPITAL MARKETS

Author(s): Cornelia Pop / Language(s): English / Issue: 3/2009

Keywords: hotel industry; capital markets; listed companies; financial resources.

The present paper tries to present briefly the relationship between the hotel companies and the capital markets. This study uses results published since 2002 in order to show how the financial resources available for hotel companies evolved, and – based on the data provided by New York Stock Exchange – to asses the strength of the relationship with the capital markets.

ANALYSIS OF THE PORTFOLIO MANAGEMENT METHODS

ANALYSIS OF THE PORTFOLIO MANAGEMENT METHODS

Author(s): Cristina Curutiu / Language(s): English / Issue: 3/2009

Keywords: portfolio management; portfolio models.

The research provides a selective overview of existing models since Markowitz model (1952) and synthesizes the academic research to date. Following, a comparison between 5 of these models will be made from the point of view of their advantages/ disadvantages and limits. The last part of the research will present the results that will be obtained after applying the models on the Romanian capital market and will also observe which of the five models will be more suitable for the Romanian market.

ECONOMICAL ENVIRONMENT AND ORGANIZATIONAL CULTURE

ECONOMICAL ENVIRONMENT AND ORGANIZATIONAL CULTURE

Author(s): Ioan Pop / Language(s): English / Issue: 3/2009

Keywords: organizational culture; technological changes; cultural transition; URSUS Breweries.

The aim of this paper is to present the characteristics of the organizational culture at URSUS Breweries SA, Romania. Cultural transition from the centralized planning economy to the market economy has started along with technological improvements. The capacity of anticipating the transformations within the external environment as well as the appropriation of specific analyzing techniques and methods of external and internal environments are nowadays vital. But the transition process towards values and behaviors adjusted to the free market is extremely complex and long, and requires the involvement of all the employees of the organization. The results indicate clearly that when it comes to changing the firm’s culture, from managers it is expected the most (75%), followed by the stockholders (53.8%) and then by technology (51.8%). The perception of the sales department as being very important by 61, 29% of responders and their consideration that the quality is very important (77, 4%) is the proof that changes occurred in the organizational culture towards understanding the market economy.

THE ROMANIAN CLOTHING MARKET

THE ROMANIAN CLOTHING MARKET

Author(s): Marius Bota / Language(s): English / Issue: 3/2009

Keywords: Romanian clothing market; supply on clothes; demand on clothes; customer needs and whishes; customer’s profile.

Today, more than ever, the business environment is continually changing. Competition intensifies in almost every industry, so companies must develop innovative products and business processes to survive. The Romanian clothing market is a crowded one with a lot of powerful competitors, especially Asian firms with their cheep products. Companies are today aware that they must offer the right product, in the right place, at the right price and at the right moment of time in order to be competitive. In order to survive on this market the Romanian clothing companies should adept their products offer to the customer needs and whishes, and taking into account the competition.

THE PLACE AND ROLE OF TOURISM IN ROMANIA’S ECONOMY

THE PLACE AND ROLE OF TOURISM IN ROMANIA’S ECONOMY

Author(s): Magdalena Vorzsak / Language(s): English / Issue: 3/2009

Keywords: tourism; analysis; development strategies; development perspectives; Romania.

Still, at global level, tourism as an industry represents perhaps the most dynamic activity sector, the most important generator of workplaces, and a great source of recovery for the national economy. Despite the stages of conjuncture and the mutations of tourism demand, tourism services will permanently attract a continuously increasing quota of the world’s population. Thus, specialists consider that, in the global perspective, travel and tourism, together with information technology and telecommunications will be the three industries of services with the highest turnover. The author analyzes the causes of the poor impact of tourism upon the Romanian economy and sketches the main perspectives of the development directions of Romania’s tourism.

WORD OF DEAN OF THE FACULTY OF BUSINESS DURING 2000-2008 PROFESSOR PARTNER DUMBRAVA

CUVÂNTUL DECANULUI FACULTĂŢII DE BUSINESS ÎN PERIOADA 2000-2008 PROF. DR. PARTENIE DUMBRAVĂ

Author(s): Partenie Dumbravă / Language(s): Romanian / Issue: 3/2009

Astăzi, Universitatea Babes Bolyai Cluj-Napoca, cea mai prestigioasă instituţie de învăţământ superior din Transilvania, cu largă recunoastere europeană si internaţională îsi aniversează cele mai dinamice facultăţi ale sale: Facultatea de Studii Europene si Facultatea de Business, bijuterii ale universităţii, la împlinirea a 15 ani de funcţionare. Cu această ocazie aniversară, permiteţi-mi si mie în calitate de fost decan al Facultăţii de Business, să aduc cele mai calde mulţumiri distinsilor invitaţi din străinătate care au avut un aport semnificativ la înfiinţarea Facultăţii de Business, invitaţilor din ţară, colegilor si tuturor celor care acum si aici ne onorează cu prezenţa domniilor lor.

THE INTERACTION OF ECONOMY AND ENVIRONMENT: CONSEQUENCES, AWARENESS, REMEDIES. THE FOREST

THE INTERACTION OF ECONOMY AND ENVIRONMENT: CONSEQUENCES, AWARENESS, REMEDIES. THE FOREST

Author(s): Dacinia Crina Petrescu / Language(s): English / Issue: 3/2009

Keywords: forest land; deforestation; afforestation; sustainable management of forest.

The paper aims to highlight the importance and the role of the forest for environment, society and economy and to draw attention to some of the most significant negative consequences of deforestation. It also presents the situation of the forests in Romania and brings some information concerning the relationships of sylviculture and the entire forestry sector with other sectors of national economy. The paper shows the importance of individual and corporative education, responsibility for the sustainable management of forest.

AN ENCYCLOPEDIA OF SOFTWARE RESOURCES – A POSSIBLE AND REALISTIC PROJECT?

AN ENCYCLOPEDIA OF SOFTWARE RESOURCES – A POSSIBLE AND REALISTIC PROJECT?

Author(s): Liciniu A. Kovács / Language(s): English / Issue: 3/2009

Keywords: knowledge-based society; computer-based training; software resources; software classification.

Personally, I strongly believe that it is very difficult to imagine today’s civilized world without computers and Information Technology. Within a relative short period of time, computing has been implemented in all the possible domains of activity. Technology has developed rapidly and the notions of information society and knowledge-based society have become familiar. In my view, there is no doubt that the humanity’s future goals cannot be accomplished without a solid understanding of how to use a computer properly and of the art of computer usage. In this sense, all of us who aim to be well informed and productive need to understand not only a limited number of specific software applications to work with, but also to have the possibility to access valuable information about software packages of all kinds. Starting from the definition of an encyclopedia as “A book, or set of books, or digital version of such, containing authoritative information about a variety of topics”2, in this paper I will try to show that this Encyclopedia of Software Resources which I envisage will be a collection of information related to all possible software applications, very useful for students, for developing specific lessons/courses, for the research community, the industry, and the general public.

INVESTMENT IN PROFESSIONAL TRAINING COURSES OF THE EMPLOYERS FROM THE ROMANIAN MANUFACTURING INDUSTRY

INVESTMENT IN PROFESSIONAL TRAINING COURSES OF THE EMPLOYERS FROM THE ROMANIAN MANUFACTURING INDUSTRY

Author(s): Carmen Maria Guţ / Language(s): English / Issue: 3/2009

Keywords: professional training; employment; unemployment.

The introduction of new technologies in economy imposes the need of improving the level of labor force qualification. Life long learning represents, on one hand, a determinant factor in the adaptation process of the business to market changes and, on the other hand, it contributes to the increase of peoples’ chances to be employed. The paper aims to analyze the present level of employer’s investment in the employees’ education and professional training. For this analyze data were collected based on questionnaires and were processed with SPSS 11.0 software.

INTERNET USERS - STATISTICAL PICTURE, COMPARISONS AND TRENDS

INTERNET USERS - STATISTICAL PICTURE, COMPARISONS AND TRENDS

Author(s): S. Mihaela Filofteia Tutunea / Language(s): English / Issue: 3/2009

Keywords: Internet; digital environment; cyber consumers; cyber marketing.

The widening of the digital medium into all the branches of human activity raised a challenge for marketing online experts. We know all that in cyberspace consumers from two different world, on and offline meet. Consequently the cyber marketer should know very well the profile and preferences of the cyber consumers in order to generate coping efficient actions specific for the new medium.

STRATEGIC PLANNING IN SMALL AND MEDIUM SIZED ENTERPRISES-CASE OF CLUJ COUNTY

STRATEGIC PLANNING IN SMALL AND MEDIUM SIZED ENTERPRISES-CASE OF CLUJ COUNTY

Author(s): Oana Adriana Gică / Language(s): English / Issue: 3/2009

Keywords: strategic planning; SMEs; Cluj County; strategic tools.

The purpose of our study is to investigate to what extent do SMEs from Cluj County conduct planning activities, what is the time period covered by these plans, how often the plans are reviewed. The success of strategic planning depends on the proper use of strategic tools so we want to find out what strategic instruments do the SMEs from our sample use in their planning activities. If a company wants to develop and even to stay in business it need to pay attention to the environment in which it operates. In this respect we were interested in the factors analyzed by the SMEs in their strategic activities.

AGE DISCRIMINATION IN HUMAN RESOURCE RECRUITING PROCESS

AGE DISCRIMINATION IN HUMAN RESOURCE RECRUITING PROCESS

Author(s): Aurelian Sofică / Language(s): English / Issue: 3/2009

Keywords: age discrimination; recruiting; social construction.

Age discrimination in human resource recruiting is a present but culturally ignored problem. The boundaries of this social phenomenon are constructed by few social actors accordingly to their power, knowledge, resources and interests. In order to have a real social justice and an efficient recruiting process we have to understand in a phenomenological manner all the various perspectives and to integrate them in a coherent public policy.

PERSPECTIVES REGARDING THE TAXATION SYSTEM IN ROMANIA

PERSPECTIVES REGARDING THE TAXATION SYSTEM IN ROMANIA

Author(s): Sorin Romulus Berinde / Language(s): English / Issue: 3/2009

Keywords: disconnection; taxation; inflationary phenomenon; creative accounting.

Regarding the perspectives for the accounting-taxation ratio in Romania, it was mentioned that they are according to the international tendencies regarding the disconnection. Taking into account some of the recent evolutions (adopting the IV Directive of the European Economic Communities) we can say that the seeds that lead (at least theoretically in the beginning) to the possibility of gradually opening the road towards an efficient accounting system, where accountancy and taxation work independently from one another, exist. This tendency becomes more certain if we take into consideration Romanian's opportunity to join the European Union. This event implies also joining the official position of the Union, regarding the aknowledgement and utilization of the international accounting norms, and at the same time the desconnection between accountancy and taxation.

WORD COORDINATOR TEMPUS PROGRAM THE CREATION HE FOUNDED THE FACULTY OF BUSINESS

CUVÂNTUL COORDONATORULUI PROGRAMULUI TEMPUS CARE A PUS BAZELE CREĂRII FACULTĂŢII DE BUSINESS

Author(s): Colin Love / Language(s): English / Issue: 3/2009

Thank you for inviting me to this celebration of the 15th anniversary of the Faculty of Business and the Faculty of European Studies. It can be considered strange how the events of history unfold. How is it that I am here today? My first visit to Cluj and Babes Bolyai University was back in 1988.

THE INFLUENCE OF GENDER ON ECONOMIC BEHAVIOR IN A STANDARD TRUST GAME EXPERIMENT

THE INFLUENCE OF GENDER ON ECONOMIC BEHAVIOR IN A STANDARD TRUST GAME EXPERIMENT

Author(s): Larissa-Margareta Bătrâncea / Language(s): English / Issue: 3/2009

Keywords: trust; trustworthiness; gender; economic behavior; experiment.

My paper tries to see if there are any economic behavioral differences between male and female senders/receivers in a standard one-shot trust game played by international students at Università degli Studi di Brescia, Italy. During twenty-four experimental sessions, participants, both senders and receivers, have not discriminated against when playing with partners of different gender.

THE ANALYSIS OF THE ROMANIANS’ KNOWLEDGE ON INFLATION PHENOMENON

THE ANALYSIS OF THE ROMANIANS’ KNOWLEDGE ON INFLATION PHENOMENON

Author(s): Valentin Toader / Language(s): English / Issue: 3/2009

Keywords: inflation; knowledge level of inflation; inflation reports; transparency; survey.

The modern monetary policy approach sustains that increased transparency and enhanced communication are essential for the success of the central banks decisions. The National Bank of Romania is conducting a transparent monetary policy, releasing to society a considerable amount of information. The problem is that the public does not always receive correct all these information. The reasons for these inconvenient may be multiple, but in this paper we will focus firstly, on the transmission channels which may not be suitable and secondly, on the receivers, which may not have the capacity to understand the information. According to NBR, the inflation reports represent the main communication tool with the public, so our goal is to verify if they are fulfilling their role or there are other information sources which are more appropriate. Beside all the factors that influence the public capacity to understand the inflation phenomenon, we will concentrate our analysis on the impact of age, income and education. The necessary data for our analysis were collected using a questionnaire.

ROMANIAN TOURIST BRAND

ROMANIAN TOURIST BRAND

Author(s): Smaranda Adina Cosma / Language(s): English / Issue: 3/2009

Keywords: country brand; branding process; tourist destination; branding; Romania.

After the communist period Romania made few steps to present itself as a tourist destination at international level after a long time. Romania has an important tourist potential due to its geographical position and its complex natural environment. This richness of potential tourist products generated a wrong idea that at international level Romania is a desired and popular tourist destination. The WTTC recommendations in 2006 report were to urge the branding process and within it to promote Romania’s diverse and tourist unique regions. The goal of the paper is to present the international context from country brand point of view and to analyse Romania’s actions in this complex process of branding. Romania offers a complete package (mountain, cultural destination, Danube Delta, Black Sea) and tourist destinations are situated near one to each other. Also, Romania has several national and international values which should be exploited properly. The study highlights competitive advantages of the country as a tourist destination, strengths of Romanian’s tourist products and analyses actions made for the branding process of our country as a tourist destination. Branding process for Romania is making only the first, timid, step.

RESEARCHING TRANSYLVANIA'S TOURISM POTENTIAL

RESEARCHING TRANSYLVANIA'S TOURISM POTENTIAL

Author(s): Monica Maria Coroş / Language(s): English / Issue: 3/2009

The present paper aims to briefly discuss the potential of Transylvania as a tourist destination. It discusses the region’s tourism offer as part of a larger and more demanding project, that of elaborating a brand of the region. Throughout the past five years the author has carried out and was involved in different researches concerning tourism in Romania (at regional level, concerning Transylvania, or at local level, regarding the County of Cluj). The paper starts with a short presentation of Transylvania’s tourism offer, discusses the place of tourism within the architecture of a destination brand, and concludes with those elements of the tourism offer that are relevant to the region’s visitors, according to the results of the different researches that were carried out.

Politics Without Progress?

Politics Without Progress?

Author(s): Bogdan Constantin Mihailescu / Language(s): English / Issue: 7/2012

Keywords: progress; Enlightenment; postmodernism; ideology; political imaginary

For the modern politics, progress is the essential mark, the judgement criterion of the major social and political reforms and changes, the north of the ideological compass. Politics without progress, for the man of the modernity, is a politics without sense. Liberals, utopians, marxists or socialists – they are all progressists. However, for the disillusioned man of the XXI-st century, a politics which is aimed and created for finding peace is wiser and more advantageous – as the history of the XX century proves – than the politics subordinated to the progressive desideration. But the danger of renouncing the progress as an ideal is the lack of a reasonable substitute, and the consequence of leaving the political space even more permeable, increasing the possibility of the emerging conflicts, more than modern politics does.

One Flew Over the Humanitarian Intervention’s Nest. Conceptual Consequences on Sovereignty, Democracy and Citizenship

One Flew Over the Humanitarian Intervention’s Nest. Conceptual Consequences on Sovereignty, Democracy and Citizenship

Author(s): Diana Mărgărit / Language(s): English / Issue: 7/2012

Keywords: humanitarian intervention; cosmopolitan democracy; cosmopolitan citizenship; sovereignty as responsibility; international organizations

Humanitarian interventions as operated by the United Nations or NATO, especially in the last twenty years represent new forms of pursuing global justice. As the fruit of the solidarity and the capacity to empathize with the Other, humanitarian intervention is considered by the cosmopolitan scholars to be one relevant aspect of global actions. Its impact undermines the classic meanings of concepts such as sovereignty, citizenship and even democracy. In other words, it entrains significant consequences over the classic paradigm of the nation-state. Assuming that scholars are mostly concerned with the manner in which the paradigm of sovereignty changes, the aim of my study is to demonstrate that humanitarian intervention also considerably influences the evolution of two other concepts, citizenship and democracy.