A managerial modernization model in crisis conditions

Abstract

The improvement of the economic performances of Romanian enterprises facing crisis conditions could be achieved by means of promoting and implementing a range of managerial modernization methods. Among them we mention several factors pertaining to strategic management: redesigning the managerial system, implementing methodological management – with an emphasis on profit center management and other managerial tools which ensure process and organizational flexibility – and professionalizing the management and managers. Based on the aforementioned factors, the model we put forth aims at increasing the management’s role in achieving reasonable levels of efficiency and effectiveness.managerial modernization, managerial redesign, methodological management, strategic management, profit center management, performance.