GSM Series

The Crisis – An Incentive for Innovation [Second Edition]

Editors/Authors

Sebastian Vaduva, Ioan Gh.Pop

Year

2010

Since the Great Depression, the 2008 erupted economic crisis is considered to have great effects upon an unprecedented globalized world. Even if it could have been avoided it is a reality and both the private and public sector need to adapt in order to surpass it successfully. The crisis is multifaceted, therefore ideas are brought by young entrepreneurs as well as by academic contributors, students and professors.
The vision this book brings is defined by three points of view:
It resonates with the current crisis and examines it from different perspectives
It provides meaningful analysis of the public and private sectors
It offers ways of taking advantage of the present market environment.

Changing Times – Preparing for the Rebound

Editors/Authors

Sebastian Vaduva, Ioan Fotea

Year

2011

The recent global economic situation has created a shift of focus towards the concept of crisis and its causes and effects. This reactive behavior is a natural consequence from the unexpected turn of the market. Still, we consider that it is vital to begin looking toward the future, and consider all the paradigm shifts that have been uncovered and empirically proven.

Before the lowest point is reached, good business leaders think of how to influence and transform the particular situation into future gains for all stakeholders. For some, preparing for the rebound may mean to change the speed, the direction, or the strategy. For still others, it may mean a change in destination. In such times it is important to assess the current situation and try to predict what will follow, and thus be prepared to capitalize on the coming wave. Businesses and countries alike that fail to adapt to new realities are often hit by the wave and unable to survive in such tempestuous waters.

The papers in this book were disseminated and discussed at the 2nd Annual Griffiths School of Management International Conference. It was organized by Emanuel University of Oradea during May 2011.

Romania’s Place in the Global Economy

Editors/Authors

Sebastian Vaduva, Ioan Fotea

Year

2012

Romania’s importance in the global economy is no longer a question or simply one of strategic interest, but a current reality. Many countries are involved in this wave of development, of which requires a need for specialized talent. One of the ways in which Romania is attractive to Western investors is that this little fish-form country is a huge provider of talent. Given this fact, some of the papers of this book deal directly with this issue.

A good way of changing the future is to understand the mistakes of the past. One must learn how to overcome these mistakes in order to develop a better future. Romania has both of these perspectives. It has an ancestral history and the potential for a prolific future. This book brings together the academic views of professors and the energy of young students to provide the information and vision necessary to grow and change history.

Developing Entrepreneurship and Creativity in the Romanian Business Environment

Editors/Authors

Sebastian Vaduva, Ioan Fotea

Year

2013

It seems that most of the entrepreneurial initiatives in Eastern European nations such as Romania are either: (1) low-value commerce; (2) start-ups that exclusively service the government through personal contacts; (3) minority partners for foreign multinationals present in the region for its low wages or (4) emigration towards Western Europe.
Also, over the past 20 years, entrepreneurship in Romania and Eastern Europe has developed in an unethical way. The community views entrepreneurship as a non-productive, speculative, illegal activity and the entrepreneurs as those who “steal” public money.
On one hand, the community as a whole needs to be educated, positive role-models need to be promoted so that entrepreneurial activity can be viewed as an ethical, value-creating activity, through which people can create prosperity, jobs and community value.
On the other hand, the private business sector of Romania is quite young and immature. Just as the general population has to be educated as to the essential trademarks that foster healthy entrepreneurial behavior, the private sector must be educated as to what healthy and sustainable entrepreneurial activity is and how it might benefit them.
This collection brings together the academic views of professors, the energy of young students and the practical experience of business people to provide the information and vision necessary to inspire the development of entrepreneurship and creativity in Romanian business environment and society as a whole.
The papers in this book were disseminated and discussed at the 4th annual Griffiths School of Management International Conference. It was organized by Emanuel University of Oradea during May 2013.