THE SIX SIGMA SYSTEM IN RELATION TO THE BUSINESS' STRATEGY AND PRIORITIES

Now more than ever, corporations the world over are scrambling to redefine the processes, techniques, and strategies they need to survive in an age of uncertainty. Businesses today seek an effective corporate performance measurement system to maximize the bottom line. With the advent of the Internet, ongoing globalization, and standardization in management systems, business leaders must focus on how to measure performance to monitor their continued viability and success. Many existing performance measurement systems were designed to support business practices and to monitor progress. With shrinking margins and competitive pressures, however, corporate performance measurement systems must do more than monitor. They must identify opportunities for optimizing profitability and growth, without pitting one against the other. The idea is to use performance measures to add value, instead of simply measuring for a formality. The Six Sigma method is not only a trendy "new solution", it is not a business whim linked to a single method or strategy - the study trying to draw attention to the fact that Six Sigma is a flexible system to improve the management and the performance of companies. The research paper seeks to demonstrate that the Six Sigma method refers to both the passion for customer service and a drive for new ideas, and to statistics and processing numbers, finding application in the fields of marketing, services, human resources, finance and sales, as well as in production and engineering.Six Sigma method, quality, performance measurement, profitability, growth

REGIONAL ECONOMIC GROWTH THROUGH TOURISM. THE CASE OF REGION WEST

The regional development should aim to correlate and integrate tourism among the other integrative parts of the regional and local development, taking into account the fact that a regionâ€(tm)s prosperity as effect of tourism development may be shown clearly in several stages: on the spot (as a result of direct consumption of the tourist product), on short term (through continuous absorption of the work-force and encouraging the welcoming commerce) and in the long run (concentrating capital for investment in the general infrastructure and the one of tourism, in structures of reception for tourism and in the development of urban services). The analysis of intra-regional disparities as part of the economic growth at the level of Region West starts off with the idea that each component county has a different landscape, which favored or inhibited their economic growth; in the same time, each component county has its own specific, which can be promoted through tourism, inducing in time a regional income, and respectively, a social-economic and cultural growth of less developed areas.tourism, regional development, intra-regional disparities, economic growth

DER EINFLUSS DER ANGLIZISMEN AUF DIE DEUTSCHE WIRTSCHAFTSSPRACHE

The present world has become small and manageable, in the era of modern means of transport and communication. The modern mass tourism brings millions of people each year to other countries. The economy, trade and transport are internationally intertwined, and mergers of large organizations do not represent any longer a rarity at the present time. More and more supranational organizations arise. States unite to form larger groups, such as the European Union. The word of the moment seems to be integration. Therefore, at least in the united Europe, a common language is necessary and the idea of multilingualism is becoming more and more important. In Europe today it is no longer enough to only master one language but someone must be able to at least speak one or two foreign languages fluently. The role of this common language seems to be inhered by the English language, because it is estimated that nearly two billion people routinely use English and the USA currently enjoy a dominant position in the world, politically, militarily, and economically. The Paper presents the influence of English words and the English Business vocabulary on the German Business environment.Business English, Lingua Franca, Semantics, International Business Context, German Business Environment

Accounting for windthrow risk in forest management planning: a Romanian tailor-made solution

Aim of study: To better estimate the annual allowable cut reserve (AACR), taking into consideration the endemic windthrows (EW), we combined a series of existing algorithms into a coherent methodology to use the data available at district level, without any additional fieldworks.Area of study: The algorithm was tested on the EW occurred in the last 20 years in Brosteni FD (Eastern Carpathians, Romania) that covers 21,013 ha and we found that every year from an AAC of 37,000 m3 no more than 2,700 m3 shall be spared for EW that might occur next year.Material and methods: We considered three EW enabling factors (stand slenderness, location on pits and mounds, and the vicinity of canopy gap) and three contingency tables of the EW produced between 1999 and 2008, one for each 40-year age group. Then we calculated a Bayesian model for all six permutations of enabling factors, each of them being tested on the data referring to 2008-2017 periodResults: Plugging the posterior EW likelihoods into a Markov chains (MC) model, we produced a formula that enables a better estimation of the optimal AACR that could be replaced with salvage cuttings every next year. Other options of using the EW likelihoods are also presented at length, such as the type of age-class structure that requires no AACR, that is a “U” shape age structure, as well as a rough assessment of the additional demand for seedlings needed to re-plant the stands affected by EW. The relatively short period of time the input data refer to, which is ten years, equals the time window of the forest planning and this parity allows a ten-year forecast period, enough for modeling the stationary age-structure of even-aged forests.Research highlights: A new model for optimizing the annual allowable cut (AAC) in even-age forests in the context of endemic windthrows (EW) scenario has been developed and evaluated.Keywords: Bayes’ rule, forest management planning, endemic windthrows

Accounting for windthrow risk in forest management planning: a Romanian tailor-made solution

Aim of study: To better estimate the annual allowable cut reserve (AACR), taking into consideration the endemic windthrows (EW), we combined a series of existing algorithms into a coherent methodology to use the data available at district level, without any additional fieldworks. Area of study: The algorithm was tested on the EW occurred in the last 20 years in Brosteni FD (Eastern Carpathians, Romania) that covers 21,013 ha and we found that every year from an AAC of 37,000 m3 no more than 2,700 m3 shall be spared for EW that might occur next year. Material and methods: We considered three EW enabling factors (stand slenderness, location on pits and mounds, and the vicinity of canopy gap) and three contingency tables of the EW produced between 1999 and 2008, one for each 40-year age group. Then we calculated a Bayesian model for all six permutations of enabling factors, each of them being tested on the data referring to 2008-2017 period Results: Plugging the posterior EW likelihoods into a Markov chains (MC) model, we produced a formula that enables a better estimation of the optimal AACR that could be replaced with salvage cuttings every next year. Other options of using the EW likelihoods are also presented at length, such as the type of age-class structure that requires no AACR, that is a “U” shape age structure, as well as a rough assessment of the additional demand for seedlings needed to re-plant the stands affected by EW. The relatively short period of time the input data refer to, which is ten years, equals the time window of the forest planning and this parity allows a ten-year forecast period, enough for modeling the stationary age-structure of even-aged forests. Research highlights: A new model for optimizing the annual allowable cut (AAC) in even-age forests in the context of endemic windthrows (EW) scenario has been developed and evaluated. Keywords: Bayes’ rule, forest management planning, endemic windthrows

THE SIX SIGMA SYSTEM IN RELATION TO THE BUSINESS STRATEGY AND PRIORITIES

Now more than ever, corporations the world over are scrambling to redefine the processes, techniques, and strategies they need to survive in an age of uncertainty. Businesses today seek an effective corporate performance measurement system to maximize the bottom line. With the advent of the Internet, ongoing globalization, and standardization in management systems, business leaders must focus on how to measure performance to monitor their continued viability and success. Many existing performance measurement systems were designed to support business practices and to monitor progress. With shrinking margins and competitive pressures, however, corporate performance measurement systems must do more than monitor. They must identify opportunities for optimizing profitability and growth, without pitting one against the other. The idea is to use performance measures to add value, instead of simply measuring for a formality. The Six Sigma method is not only a trendy new solution, it is not a business whim linked to a single method or strategy the study trying to draw attention to the fact that Six Sigma is a flexible system to improve the management and the performance of companies. The research paper seeks to demonstrate that the Six Sigma method refers to both the passion for customer service and a drive for new ideas, and to statistics and processing numbers, finding application in the fields of marketing, services, human resources, finance and sales, as well as in production and engineering

DER EINFLUSS DER ANGLIZISMEN AUF DIE DEUTSCHE WIRTSCHAFTSSPRACHE

The present world has become small and manageable, in the era of modern means of transport and communication. The modern mass tourism brings millions of people each year to other countries. The economy, trade and transport are internationally intertwined, and mergers of large organizations do not represent any longer a rarity at the present time. More and more supranational organizations arise. States unite to form larger groups, such as the European Union. The word of the moment seems to be integration. Therefore, at least in the united Europe, a common language is necessary and the idea of multilingualism is becoming more and more important. In Europe today it is no longer enough to only master one language but someone must be able to at least speak one or two foreign languages fluently. The role of this common language seems to be inhered by the English language, because it is estimated that nearly two billion people routinely use English and the USA currently enjoy a dominant position in the world, politically, militarily, and economically. The Paper presents the influence of English words and the English Business vocabulary on the German Business environment

THE IMPACT OF MACROECONOMIC FACTORS ON COMPETITION POLICY EFFECTIVENESS WITHIN EUROPEAN UNION

In the last decades, more and more countries have enacted competition laws, understanding the importance of this process in providing a normal functioning of the economy. Analyzing competition policy effectiveness is important not only because of the recent extent of the phenomenon, but also because of the impact of competition policy effectiveness on economic development and, in the current economic climate, on the economic recovery process. For this reason, quantitative evaluation for competition policy effectiveness became very useful as data handling and understanding the whole phenomenon are easier this way and an international perspective is provided. This was made possible by various international institutions that have created a system of aggregated indicators for the evaluation of competition law enforcement and competition advocacy (perceived effectiveness). The purpose of our research is to identify the macroeconomic factors that influence the effectiveness of competition law implementation within the European Union Member States. We have tasted the influence of 13 macroeconomic, using panel data methodology and data from the last four years. We obtained ß coefficients statistically significant only for 11 of them. The results are consistent with prior analyzed studies and economic logic: positive influence from market division, intensity of local competition, ethical behavior of firms, strength of auditing and reporting standards, efficiency of legal framework in settling disputes, protection of minority shareholders’ interests, public trust of politicians, economic dimension and market size and negative influence from corruption level and diversion of public funds. Based on the achieved results we can perform an analysis of principal components leading to causal space reduction with minimal information loss and without informational redundancy, creating the premises for building a model that explains competition policy effectiveness through macroeconomic factors

COMPETITION VERSUS COLLUSION: THE PARALLEL BEHAVIOUR IN THE ABSENCE OF THE SYMETRY ASSUMPTION

Cartel detection is usually viewed as a key task of competition authorities. A special case of cartel is the parallel behaviour in terms of price selling. This type of behaviour is difficult to assess and its analysis has not always conclusive results. For evaluating such behaviour the data available are compared with theoretical values obtained by using a competitive or a collusive model. When different competitive or collusive models are considered, for the simplicity of calculations the economists use the symmetry assumption of costs and quantities produced / sold. This assumption has the disadvantage that the theoretical values obtained may deviate significantly from actual values (the real values on the market), which can sometimes lead to ambiguous results. The present paper analyses the parallel behaviour of economic agents in the absence of the symmetry assumption and study the identification of the model in this conditions

REGIONAL ECONOMIC GROWTH THROUGH TOURISM. THE CASE OF REGION WEST

The regional development should aim to correlate and integrate tourism among the other integrative parts of the regional and local development, taking into account the fact that a region’s prosperity as effect of tourism development may be shown clearly in several stages: on the spot (as a result of direct consumption of the tourist product), on short term (through continuous absorption of the work-force and encouraging the welcoming commerce) and in the long run (concentrating capital for investment in the general infrastructure and the one of tourism, in structures of reception for tourism and in the development of urban services). The analysis of intra-regional disparities as part of the economic growth at the level of Region West starts off with the idea that each component county has a different landscape, which favored or inhibited their economic growth; in the same time, each component county has its own specific, which can be promoted through tourism, inducing in time a regional income, and respectively, a social-economic and cultural growth of less developed areas