CONTEMPORARY ECONOMY JOURNAL

11-17

Authors: Elena PIRVAN (OPRESCU), Georgiana -Tatiana BONDAC

The pandemic has caused an unprecedented shift to the online environment in most areas of life, and education was no exception. Since students all over the world have had to stay at home, the use of digital alternatives to classroom teaching has increased, thus determining a continuous improvement of teaching staff for a high-performance instructional-educational act. Therefore, the purpose of the article is to find an answer to the question "Is the change caused by the Pandemic in education, from the point of view of technology and digitization, advantageous?".

24-29

Authors: Ana-Maria VASILE

Social relations are governed by the rule of law. Through this regulation, the legislator takes into account the conditions under which the norm can and must be achieved, its ability to model behaviors, leading them on a path considered socially useful. At the same time, the legislator is considering the possibility of violating the rule through misconduct. Thus, the violation of the provisions of the legal norms attracts the legal responsibility of the guilty person. In the traditional conception of contractual liability, this is closely linked to the idea underlying the principle of binding force of the contract. Since the contract has the force of law in the relations between the parties, it is considered that each party must be liable for any non-compliance with its "law", respectively for violation of the "private rule" that the contract generates. Civil liability is a form of legal liability that consists of a report of obligations under which a person is obliged to repair the damage caused to another by his deed or, in the cases provided by law, the damage for which he is liable. As a legal institution, the civil liability consists of all the legal norms which regulate the obligation of any person to repair the damage caused to another by his extracontractual or contractual act for which he is called by law to answer.

34-39

Authors: Ioana-Daniela ANA (TOMA)

The conduct of teaching activities in Romanian educational institutions was based until March 2020 almost exclusively on traditional learning methods, namely they were organized face to face in a classroom. The sudden outbreak of the Covid-19 pandemic shook the world and forced the education system in all parts of the world to switch to online teaching overnight. The school environment has been reluctant to take over the changes in technology, often emphasizing the risks of using them compared to its benefits, but in the crisis the existence of technology facilitated the transition when the only option was to move entirely to to an online teaching-learning system. Teachers were given the opportunity to rethink the methods by which the instructive-educational processes were carried out and to find a balance between their traditional role and the new roles assigned through digitization. In order to achieve this balance, teachers need to be trained for today's education. This article aims to analyze the factors that determine an effective transition to online activities and to explain the need for an interdependence between specialized, pedagogical and technological knowledge in the context of teacher training for online teaching - learning activities.

50-57

Authors: Anamaria CONSTANTIN (BUCUR), Cătălin Vasile IORDACHE, Andrei MATICIUC

In general, communication is the key to solving organizational problems, including any type of organization, whether public or private, national or international. Adequate communication in a pandemic is vital to society. The way governments communicated with citizens determined how they developed their behavior in the crisis situation generated. The communication strategies used by the leaders of the states dictated the directions of action of the governments and, at the same time, influenced the reaction of the target audience. In the pandemic, when the priorities of all entities suddenly changed, organizational communication proved to be a key element in maintaining social distancing at work, but also in the private life of workers, who found information and answers at work.

63-69

Authors: Larisa BUGAIAN, Cristina DIACONU

At present, the economy of the Republic of Moldova is largely linear. Although there are circular initiatives, a very small share of waste and by-products is reintegrated into the economy. The new strategic framework of the Republic of Moldova provides for the increase of sustainable practices, from which can be listed: National Development Strategy "Moldova 2030", Moldova-EU Association Agreement, New Association Agenda for 2021-2027, Environment Strategy 2030. They focus on the prevention and management of waste, which is intended to drive economic growth and environmental responsibility. It’s certain that the industry has a key role to play in making specific commitments on sustainable production and cooperation along value chains. In this regard, companies need to reconsider their current business models by adopting resource-efficient production. Actually, substantial amounts of resources such as secondary raw materials are transformed into waste, reaching landfills. Only the national wine industry annually generates about 60 thousand tons of by-products, most of which remain unrecovered. Therefore, this study aims to analyse the resulting waste / by-products throughout the value chain and to quantify the sustainability of the wine sector by using the LCA (Life Cycle Assessment) instrument.

76-83

Authors: Melania Andreea STĂNCIULESCU (DIACONU), Nicoleta-Valentina FLOREA

The shock produced by the pandemic crisis on the public sector had a strong impact both on access to services of general interest and on their quality. The Coronavirus Pandemic has hardly hit the states of the world, forcing them to react beyond traditional limits - in an effort to protect their citizens - and to fight not only with a virus but also with their own shortcomings and dysfunctions and forcing them to reset their public services - especially health services - extremely quickly, in response to the crossed context. In Romania, the level of unsatisfied needs in terms of medical assistance has increased, but new opportunities have also appeared that can lead to the recovery and modernization of medical services.

93-100

Authors: Maria-Elena GHEORDUNESCU

Considered as a real psychosocial phenomenon, which might involve intra and intersubjective oppositions and confrontations, the organizational conflict highlights a series of characteristics and properties that may be objective, which can be analyzed and evaluated both quantitatively and qualitatively. The communication style of a business organization refers to the set of characteristics that may manifest in the communication process of said enterprise. This whole process involves both the way of receiving and decoding a message, while engaged in communication, and the way of processing and interpreting it. These characteristics of speech and communication are closely related to the uniqueness and individuality of both the transmitter and receiver, being an outlet of self-expression. Through the data presented, this paper aims to perform an analysis on the communication style of three distinct business managers and the way they may reach a conflict resolution within their organization. Quantitative methods were used as the primary research method.

111-116

Authors: Mircea GUTIUM

Customs law regulates the economic relations of foreign trade between different states and the way in which goods and individuals cross the border. In order to facilitate international trade, states simplify customs procedures and harmonize the legislative of customs. The interests of the Republic of Moldova, are closely linked to the customs system and accession to the European Union. That is why understanding the two customs systems and harmonizing them is a step towards an easy transition into the European Union's customs system.

124-134

Authors: Lucian IVAN, Cosmin Sandu BĂDELE

In opinion of some specialists, the Strategic Economic Analysis represents a science with strict rules, which must be respected sine qua non, without deviating from the methodological rigors specific to an exact science. Those who support this theory are based on the specific characteristics of a scientific branch, regardless of creativity that plays an essential role in the field of the Strategic Economic Analysis. On the other hand, there is the opinion that Strategic Economic Analysis constitutes an art, and the "maker" of the analysis is considered a genuine artist, from his brain resulting in a work in the true sense of the word. Nowadays, considering the amount of economic data and information available online, it is very difficult to product an integrated economic analysis in order to inform promptly managers for taking informed decisions at organizational level.

154-161

Authors: Valeri GAGAUZ

Enterprise processes and their effectiveness are an integral part of marketing activities within the framework of modern approaches to marketing. Business processes are becoming faster and more complex. Communications with customers and suppliers are shifting towards the use of modern information technologies. The control and management of such complicated and complex processes require the implementation of modern information systems allowing enterprises to successfully implement their marketing strategies. In turn, the achievement of all these and other fundamental goals for the functioning of the enterprise is impossible without the use of a full-scale automated enterprise management system. In this article, some features of the implementation and use of an ERP class system in the small and medium entreprises (SME) are considered. The research methodology is based on the analysis of activities for the implementation of the Symphony ERP system at five SMEs in the Republic of Moldova based on qualitative research (in-depth individual interviews with the managers of the companies). The study was conducted in January 2022. Key benefits of ERP using for marketing processes were analysed from perspectives of product information, customers relations, targeting, pricing, marketing campaign management, performance management, ROI and insights. The implementation of ERP on SME is most often associated with serious barriers suach as errors in preparation for implementation (uncertainty of goals, uncertainty of criteria for evaluating the effectiveness and depth of implementation), low level of formalization of business processes. The research shows the “Symphony” ERP system has been implemented in the above enterprises quite successfully due to the fact that this solution is specific and was developed from the very beginning for the auto service business. The developer of this program was the head of one of the companies, who actively promoted the implementation. Despite the rather high level of telecommunications development and high-speed Internet coverage, such integrated solutions are rarely used by SMEs in the Republic of Moldova. This is due to the high requirements for the qualification of personnel and management of enterprises, as well as the high cost of software and hardware components associated with the implementation of such systems.

167-170

Authors: Angelica BRATU

The European Union is committed to implementing the 2030 Agenda for Sustainable Development and its 17 Sustainable Development Goals (SDGs). Sustainability reporting is the practice of measuring and communicating organisational performance towards achieving the Sustainable Development Goal, and it also covers accountability for this performance to internal and external stakeholders. Sustainability reporting is both a management and accountability tool. It entails reporting on how an organisation takes into account sustainability issues in its operations, its environmental impact and its social and economic impact. The Court identifies four challenges in relation to sustainability reporting within the EU institutions and agencies:o Developing an EU post-2020 strategy covering the SDGs and sustainability o Integrating sustainability and the SDGs into the EU budget and performance framework o Developing sustainability reporting within the EU institutions and agencies o Increasing the credibility of sustainability reporting through auditing.

178-186

Authors: Viorel CORBU, Alina SUSLENCO

The present paper represents a complex approach regarding the research of the possibility of adapting the managerial strategy to the new post-pandemic context. We are all aware that in the context of the pandemic, companies had to adapt their business strategy to the new context, to identify new viable solutions, which would help companies overcome the challenges brought by the global crisis. Thus, any economic agent had to adapt its managerial approach to a new context, to reorganize its strategic objectives, to define the applied strategies, to identify new competitive advantages that would help them to position themselves strategically on the market. Thus, the managerial strategy has underwent changes, trying to adapt to the new context and to face the new challenges. The main objective of this study is to identify the adapting options of the management strategy to the new post-pandemic context. The research methodology focused on the use of the following methods: analysis, synthesis, induction, deduction, abduction, comparative analysis, qualitative research through documentation. In conclusion, we can reiterate that the application of a proactive strategy, innovative strategies, can help companies in crisis to adapt more easily to the new context and overcome challenges, problems and identify new market segments, competitive advantages that will help them stay on the market.

193-204

Authors: Zinovia TOACA, Victoria FALA

Exports and FDI are important tools of Governments to stimulate economic growth and prosperity. Many countries implemented successfully export led-grow models in their development path. Being a small European transition economy affected by mass migration, Moldova is trying to change its consumption led growth model fueled by remittances by an investment and export growth led model, were FDI have to be an important driver. Though, FDI inflows in Moldova are small comparative to many European countries, the economic growth is slowing down on long term, while there is slight improvement in export competitiveness. The aim of this paper was to analyze the long term causality between FDI, GDP and exports of goods in the Republic of Moldova. Estimations were performed based on the available data for the period 1995-2021. The Granger causality approach has been applied to test the relationship between the 3 variables based on annual data. The authors found a unidirectional causality relationship running from FDI to GDP, FDI to exports, and a Granger causality from GDP to merchandise exports. An impulse-response analysis has been performed based on VECM models. A 1% growth in FDI in Republic of Moldova causes an increase of GDP by 0.09 p.p. and of exports of goods by 0.08%.

213-220

Authors: Anca Daniela ȘENCHEA, Anda NECULA, Alice Mariana PREDA (SIMION), Andreea Cristina SAVU

This study will focus on addressing risk. The purpose of this article is to highlight the importance of the risk approach in the pursuit of effectiveness and efficiency in audit work. To demonstrate this, we will first show the limitations of the classical audit approach, then illustrate the importance of the risk-based approach, and finally present the approach to auditing according to this approach. A risk-based approach also improves an organization's decision-making process, regardless of its industry focus. Therefore, a risk-based approach consists of identifying, assessing, and understanding risks, as well as the subsequent application of measures proportionate to these risks to ensure their effective mitigation.

242-258

Authors: Sunday Olugboyega KAJOLA, Samuel Babatunji ADEDEJI, Joel Adeniyi OKEWALE, Segun Daniel OWOEYE

The study examined the influence of corporate board attributes on dividend policy decision in twelve Nigerian banks for the period 2009-2021. The independent variable, corporate board features, was surrogated by four attributes (board size, composition, gender diversity and meetings). Dividend per share served as a proxy for the dependent variable, dividend policy. Fixed effects least square regression model was adopted as the study’s analytical instrument. Findings reveal that board size, board composition and board meetings have an inverse and significant relationship with dividend per share. The finding further indicates a direct and insignificant association between gender diversity and dividend per share. Overall, result provides empirical evidence in support of substitution hypothesis perspective of agency theory.