CONTEMPORARY ECONOMY JOURNAL

5-20

Authors: Marinela-Daniela MANEA

Whereas prior to 1990 the co-operative movement held an important position in the national economy, later on, going from centralized economy to market economy, this sector saw a continuous decline, and consumers’ co-operatives – the subject matter of our study – were forced, in line with their resources, to adapt to new tendencies as they emerged. And, since development of a large co-operative movement requires a support system capable to transfer knowledge of a great number of people, in addition to capital resources to favour cooperation, the undertaking of our paper aims at the very methods to maintain Romanian co-operative societies, process which has been ignored over the past two decades both by the lawmakers and entities directly concerned.

33-63

Authors: Andreea-Daniela GANGONE, Mihaela ASANDEI

Sustainable development is the most pressing concern of contemporary organizations, as it requires profound changes in their business strategies and practices. The need to ensure business sustainability triggered a broadening of the concept of marketing, its task being to meet the needs of current and future generations of consumers by creating and offering products and services in a sustainable way. We used content analysis of retailers’ web sites, completed with information from Retailer Scorecard 2016 Report, to assess the extent to which representative retailers implement sustainable marketing practices in Romania. The major contributions of this study are: the creation of a conceptual model for evaluating the results of sustainable marketing in an organization, starting from the dimensions of sustainable development; a ranking of major retailers in Romania based on the performance of their sustainable marketing activities; the identification of key strategic directions of sustainable marketing, which guide marketing activities of major retailers in Romania, allowing the analysis of strategic groups of retailers.

78-84

Authors: Cristina Aurora BUNEA-BONTAȘ

In January 2016 the International Accounting Standard Board (IASB) issued the International Financial Reporting Standard (IFRS) 16 Leases, this being the final step in accomplishing the goal of bringing most leases on-balance sheet for lessees. Whereas, under the provisions of International Accounting Standard (IAS) 17 Leases, a lessee had to make a distinction between a finance lease (on balance sheet) and an operating lease (off balance sheet), the new accounting model requires the lessee to recognise almost all lease contracts on the balance sheet (with optional exemptions for certain short-term leases and leases of low-value assets). The aim of this paper is to discuss some of the major differences between IFRS 16 and IAS 17 and to point out the effects of the new accounting model on a company’s financial statements.

97-104

Authors: Inga BULAT

In the last years it is becoming increasingly actual the recognition of corporate governance involvement and the risk management in public entities, the importance of approaching this issue is evidenced by the current situation faced by internal auditors. The entity is a body constantly changing which evolves in complexity, besides traditional exposure to the hazard, thus adding operational, financial, strategic, legal, human, and fraud risks. The complex nature of the risk can be attributed to several factors. Internal auditors have an important role in the risk assessment, processes, systems, and addressing or providing recommendations is the result of everything that happens and what can it lead to. Planning the internal audit activity implies a broader evaluation of operational risks and the environment in which it works. The topic approached in this article refers to the risk assessment and internal audit work plan in order to assist an entity in achieving its objectives by implementing a systematic and disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes.

112-118

Authors: Cristina UNGUR

One of the main concerns of economists is economic growth. In this paper we show that insurance is an instrument for influence economic growth. Also, we analyze the impact of social and economic factors on insurance sector development. Thereby, this paper shows that insurance and economy are two correlated dimension. The development of national insurance markets, especially life insurance sector, allows us to promote financial stability, to improve welfare, to develop business and innovation. At the same time, insurance helps government to improve the social security and to strengthen national budget. Al of this effects leads to GDP growth. The results of this paper could be useful for governments, especially in emerging countries, to improve economic growth by stimulative policies for the development of insurance industry.

125-135

Authors: Sorina - Cristina MARIN

The present paper entitled “The Integrity Management in the Public Institutions from Romania" aims mainly to a major a documentary research concerning the general aspects of the ethics policy and of the prevention of corruption in public institutions, an important condition to strengthen the administrative capacity of human resource and, last but not least, good governance practice. The exercise of authority by public servants or by the entire staff of the public administration in Romania, through the accountability and efficiency of public services, ensuring efficiency and effectiveness, transparency, performance, as ethical standards and integrity, can become tangible targets to strengthen the climate of trust and mutual respect between the citizens and public institutions of the state. Only an administration where it is desirable the practice of such standards is one that are concerned about its own quality and the growth of the degree of responsibility toward the citizens.

152-161

Authors: Constanța POPESCU, Roxana SURCEL (GEORGESCU)

Recruitment and integration at work are not enough if the organization "does not project a long-term development design for each of the employees", combining personal goals with those of the organization. Throughout his career, the employee undergoes several stages of development and professionalization. Starting from the professional development analysis in their own company, organizations face problems regarding the development and evolution of the employee’s career. It is not wrong to make the statement that the responsibility is shared between the individual, as the main responsible person for their development, and the organization, which through individual careers’ progress helps optimize organizational life, performance and sustainable development. The objective of the focus group research as investigation method was to outline the perception of the teaching staff in pre-university education in Dambovita on the “professionalization” model of the teaching career. The sample of the teaching staff in pre-university education, high school, on which the focus group research was conducted, was made up 9 teachers with different expertise, seniority and qualification levels in education so as to ensure representativity and lead to pertinent conclusions with regards to skills which teachers in pre-university education should have in order to practice the teaching profession.

176-181

Authors: Marius SPINCIU, Carmen RĂDUȚ

Business Intelligence is a unique platform that enables entities to uncover new insights and make faster, more informed business decisions by offering agile visual analytics and self-service discovery together with best-in-class enterprise analytics. Instant mobile, highly interactive dashboards, powerful operational reporting, just-in-time alerts, content and metadata search, strategy management, native access to Big Data sources, sophisticated in-memory computing, and streamlined systems management combine to make Business Intelligence a comprehensive solution that reduces the total cost of ownership and increases return on investment for the entire organization. This paper presents an analysis in Business Intelligence Software for three such solutions and the score obtained, showing at the same time product details, including modules, tools, options, plans, prices, and more (cloud).