KNOWLEDGE MANAGEMENT WITHIN ITIL

How people work requires knowledge and knowledge management is the fundamental glue that binds an IT organization and transitions it from good to great. ITIL, in its third version, has adopted a new process, related to knowledge management, and became even more business oriented service management standard.knowledge, management, information, technology, infrastructure, library

STRATEGIC PLANNING AND PROGRAM BUDGETING IN ROMANIA – RECENT DEVELOPMENTS

The paper emphasizes the efforts of Romanian authorities to implement program budgeting. Based on the first results, authorities decided to establish a link between strategic planning and budgeting, as a condition for implementing multi-annual budgeting.budgeting, program, plan, outcome

THE ROLE OF KNOWLEDGE MANAGEMENT IN CRITICAL INFRASTRUCTURE PROTECTION (CIP)

The collocation “critical infrastructures” was officialy born in july 1996, when the USA president decreeted “The executive order for the critical infrastructures protection”. Accordingly to the preface of this document: “critical infrastructures represent Certain national infrastructures that are so vital that their incapacity or destruction would have a debilitating impact on the defense or economic security of the United States.”knowledge management, criticat infrastructures, security, threats, vulnerabilities, risks

ASPECT REGARDING THE DYNAMICS OF INNOVATION IN ROMANIA

Innovation, socially and economically, can be as important as technical or scientific innovation, serving the he purpose of changing resource management. In a market intensively competitive, such as the European one, innovation becomes the main reason of economic competition. The latest developments in the economical research and practice “clearly demonstrate that the management of innovative activities must be regarded as a part of the process of organization management. In order to encourage and efficiently control creativity, managers must understand the creative process, choose the right persons to work in the creation field, stimulate creative behavior and organize a propitious (favorable) climate for creation. The management of innovation should prepare the terrain so that the personnel be capable of seizing and applying innovative occasions. Having this porpouse, the study wants to present a series of our research rclusters, management of innovation, organizational culture, types of leardership

CORRUPTION AND SOCIAL WELFARE IN THE EU27 COUNTRIES

The corruption is a complex and generalized phenomenon all over the world, withcultural, social, psychological, political and economical dimensions. The defining and the studyingof the phenomenon are going through the most different thinking filters known in the specializedliterature: social-cultural, political, administrative and economic. The article’s aim is to quantifyand analyze the relationship between corruption and political, administrative and economicdeterminants factors, through a regressive "pool data" model. The sample includes the 27 countriesof the actual European Union, and the data refer to the period 1996-2008. The study shows that thelimitation of corruption’s phenomena (maximizing FC index) has the result of increasing of socialwelfare (maximizing HDI index).corruption, social welfare, EU27

ENVIRONMENTAL ACCUNTING AND CORPORATE SOCIAL RESPONSIBILITY

Sustainable development is an economic growth strategy aimed to conciliate economic and social progress without endangering the natural equilibrium of the planet. The true stake of the future is the avoidance of environment degradation through developing of a responsibility sense both of citizens as well as of companies, for the purpose of reaching a stable sustainable development. Environmental accounting expresses the appearance of a new ethics that answer to the human worries for planetary development and progress. Starting from the damage caused to the environment, we ask ourselves about the destructive activity conducted by companies and making them responsible of the problem to the future generations.Environmental accounting, social responsibility, environmental cost

THE FINANCIAL EQUILIBRIUM AND COMPETITIVENESS WITHIN AGRICULTURAL HOLDINGS

The paper refers to traditional methods of appreciating the financial equilibriumof the agricultural company, methods based on the study of the company’s financialstatements. As far as financial equilibrium is concerned, we consider that there’s no specificindicator to be analyzed in order to appreciate financial equilibrium due to differentperception the stakeholders have on the enterprise equilibrium. In real life we often see thesame indicator calculated differently according to the objective pursued by the analyst. Thispaper shows the calculation method of the static financial equilibrium indicators, theevolution and the factors leading to the alteration of these indicators, their financialmanagement. It also determines financial equilibrium by financing rates method and assessesfinancial equilibrium using profitableness rates for agricultural holding companies. Itconcludes with the specific factors that affect the financial equilibrium in agriculturalholdings.financial equilibrium, competitiveness, agricultural holdings, indicator

TAXES AND ECONOMIC GROWTH IN ROMANIA. A VAR APPROACH

The paper analyzes the relationship between taxes and economic growth in the case ofRomania in the period January 1999 - March 2010, using an unrestricted Vector AutoregressionModel (VAR) based on the rate of dynamic taxation’s level and the rate of dynamic economic growth.The relationship is questioned in both directions, namely with reference to the manner in which taxesaffect economic growth, but also in terms of the influence that economic growth exerts on taxes in thecase of Romania for the mentioned period. The results show that tax policy in Romania cannot be takento extremes, and should be very carefully implemented because a large amount of factors can influencethe resultstax, growth, VAR analysis, impulse functions, effects

TRENDS AND CHALLENGES OF ROMANIAN BROKERAGE INSURANCE MARKET

The distribution of insurance products represents a key aspect regarding theattainment of positive results by insurers. Insurance brokers represent one of the majordistribution channels in some national markets, including Romania. The present paper aimsat highlighting the importance of insurance brokerage on the Romanian market, analyzing theevolution of brokers in quantitative terms and also grasping the main characteristics of therecent evolution of this market. Based on the official statistics, the paper emphasizes the mainmanagerial aspects that have guided and will guide the Romanian brokerage market, as wellas the challenges brokers will have to solve in order to have a positive development.insurance, brokers, distribution channels

Assessing Financial Equilibrium of the Romanian Companies Traded at Bucharest Stock Exchange

This paper presents a model of financial equilibrium analysis. The model is based on relation between net working capital, necessary of working capital and net treasury of the firm. Based on the Pearson correlation coefficient and rank Spearman correlation coefficient, we have determined the intensity of the connection between the stability level, which is an expression of long term equilibrium, and different financial indicators yearly adjusted. Its applicability on Romanian companies traded at Bucharest Stock Exchange is limited by the insufficient amount of information. The list of indicators related to stability should be completed with some more indicators, such as the added value, the expenses profitableness, the financial result and so on.net assets, net working capital, net working capital required, net treasury, financial rates, stability.