Competitiveness of Business Organization Management Factor

  • Sorinel Mihalcea Valahia University of Targoviste
  • Delia Iuliana Banica Valahia University of Targoviste
  • Gabriela Boca Valahia University of Targoviste
  • Oana Camelia Iacob Politehnica University of Bucharest
Keywords: Competition, progress factor, strategies, business organization, business management, managerial experience

Abstract

This paper provides a brief synthesis of competition as a progress factor of the business organization management implemented by the manager in order to achieve the objectives of the business organization in order to achieve profit. Regardless of the size of your business or organization, there will always be competition (higher or lower) that can be analysed in several ways. We will try to briefly address these paths. Firstly, competition can be seen in terms of the age of the business, i.e. a start-up or a company with market seniority. It is known that start-ups have countless weaknesses, mainly due to lack of recognition, managerial experience or domestic team welding, but they also have two strengths that should be exploited to the maximum. Secondly, a benefit that a new product has compared to another is that it can benefit from the customer's curiosity to test it. Curiosity, however, differs according to the risk of sacrificing its satisfaction. We live in a rather complicated world, so management cannot be simple. Management cannot provide valid universal keys, but they are good proven practices in other successful companies.

Author Biographies

Sorinel Mihalcea, Valahia University of Targoviste

Valahia University of Targoviste

Delia Iuliana Banica, Valahia University of Targoviste

Valahia University of Targoviste

Gabriela Boca, Valahia University of Targoviste

Valahia University of Targoviste

Oana Camelia Iacob, Politehnica University of Bucharest

Politehnica University of Bucharest

References

Burdus E, Popa I. Foundations of the organization's management, 3rd edition, Bucharest: Pro Universitaria Publishing House; 2013.

Pargaru I. International Economic Transactions, Bucharest: Economic Publishing House; 2003.

Popa I. General Management - Course Notes. Bucharest: ASE Publishing House; 2005.

Stoner SA, Freeman RE. Management, Prentice Hall; 1992.

Puiu A. Management. Analyses and Comparative Studies. Pitesti: Economic Independence Publishing House; 2004.

Published
2020-03-31
How to Cite
Mihalcea, S., Banica, D., Boca, G., & Iacob, O. (2020). Competitiveness of Business Organization Management Factor. LUMEN Proceedings, 10, 95-104. https://doi.org/10.18662/lumproc/gidtp2018/12