Business Excellence and Management

6-18

Authors: Deresse Mersha Lakew, Mohammed Getahun Musa

Modern type of business organizations was started in Ethiopian before hundred years ago and the number is tremendously increasing nowadays. However, there was no one set of generally accepted accounting standard used by business organization in the country till December 2014 when IFRS was proclaimed as the law of the land. Though IFRS was accepted for financial reporting in the country starting from 2014, the level of preparedness in teaching IFRS in Ethiopian universities was not studied. This paper is aimed at identifying problems in teaching IFRS among teachers in Ethiopia universities. To achieve this objective, data was collected from 46 academic staffs working in six universities in the country. The study found that teachers in relatively old universities are trying to incorporate IFRS in their course plan as compared to those in recently established universities. Generally, the level of preparedness to incorporate IFRS is low in majority of the universities under study. Lack of text books in line with IFRS, problem of integrating IFRS in to the curriculum and lack of practical experiences are the top three bottle necks that hinder teaching IFRS in our universities. In order to prepare our staffs to teach in line with IFRS, both short and long term capacity building strategies were recommended in this study

34-46

Authors: Ionel PREDA, Cezar-Petre SIMION

Taking into account the very large sums being spent through the Romanian public procurement system (approximately 8% of the GDP), analysing the award criteria used in the procurement procedures is an important element that influences the achievement of the economic and social efficiency of procurement. The article describes the criteria for public procurement award in Romania, focusing on the most used criterion, namely the lowest price. It also presents the advantages and disadvantages of using this criterion, statistical situations at national and European level, the difficulties encountered in using this criterion by contracting authorities and the vulnerabilities of tenderers participating in the procurement procedures which use for the award the criterion under consideration.

59-68

Authors: Cătălina Florentina ALBU, Ștefan Cătălin POPA, Ana Alexandra GORA

The information technology (IT) sector represents a phenomenon of modern society, which has led to a favorable change in the economic course, in most countries of the world. This study aims to establish the attractiveness of the IT industry in Romania, as well as the factors that led to the development of the competitive environment, through a strategic diagnosis using a tool for strategic analysis and diagnosis - the model of the five forces, developed by Michael Porter. The results of the study indicate that all five strengths of Michael Porter's model exert significant influence, but in different proportions, on the competitive environment and the degree of attractiveness of the IT industry. Although Porter's model offers a clear strategic frame of the IT industry, it is quite static, and the manifestation of the five forces does not maintain its validity over time.

5-13

Authors: Andreea-Angela ȘEULEAN (VONȚEA)

The nonprofit sector and the organizations that define it are characterized by a particular approach. In this regard, NGOs’ overall activity is strongly influenced by their ability of financing it through a generous palette of fundraising methods. The current paper is centered on one of the most used ones, namely the one of cause-related marketing. In this regard, it could be assumed that it acts as a connecting element between the represented social cause and the financial support that could be obtained through financial means from a corporate entity that decides to integrate its own brand image. Moreover, given the fact that it is transaction-based, the fundraising method under discussion requires the presence of a third-party, namely the one of the consumer that decides to support the social cause represented by the nonprofit organization that involves itself in such a mutually beneficial program.

21-31

Authors: Adriana DIMA, Ruxandra DINULESCU

Lean management represents a systematic approach used for identifying and eliminating waste and non-value added activities from different industries, including the textile industry. Even if the lean manufacturing concept has shown important results in continuous process industry, the textile industry represents a good area for implementing this methodology targeting as a main objective the action of eliminating waste, thus reducing costs and therefore, increasing productivity. Being a customer oriented process, the system has the ability to eliminate a significant part of waste from the Romanian textile industry. As a result, this is an incipient study aimed to present the benefits of implementing Lean Management in the Romanian textile industry, through its improvement tools, as well as presenting a theoretical economic impact for a textile company. Also, taking into consideration that Lean Management is not yet applied in the Romanian textile field, the study will present a part of the areas which would need the Lean implementation, as well as further actions to be taken in order to improve productivity in textile industry.

5-16

Authors: Andreea-Angela ȘEULEAN (VONȚEA)

The paper aims to contextualize the elements that define the peculiarities of the nonprofit nonprofit sector. In a general note, there is provided a series of answers to the following questions: ‘Which ones are the factors that influenced the establishment of the nonprofit sector?’, and ‘Of what consists the object of the conceptual delineations regarding the nonprofit sector?’. In a particular sense, the first part of the paper refers primarily to the aspects regarding the necessity to optimize the manner of organizing the society, along with the one related to the establishment of a distinctive framework in terms of organizational infrastructure of the civil society. The second part of the paper begins with the structural-operational definition of the nonprofit sector and continues with its general characteristics.

33-66

Authors: Sanjay RODE

Wetlands are providing ecosystem services to human communities. They support food production, water treatment and water supply, flood control, fishing, recreation and wildlife habitat. But wetlands area is shrinking very fast all over to world due to high urbanization. In developing countries, the destruction of wetlands is widely observed. In India, the wetlands area, size and number is declining very fast due to population growth and urbanization. Mumbai Metropolitan Region is not exception to this phenomenon. The wetland area is significantly declining in all suburbs of region over the period of time. The ordinary least square regression result shows that solid waste, agriculture and other land is negatively co-related to wetland in all suburbs of Mumbai Metropolitan Region. In all the suburbs, the wetland and forest land is converted for built up area. There is huge loss is earned annually and in past due to wetlands destruction in Mumbai suburb, Thane and Uran in region. The maximum loss is incurred for recreation and flood control. Therefore immediate policies are required to protect wetlands in region. State government should come out with future plans, legislation and co-ordination among various bodies, NGO’s to protect wetlands in region. The protection, scientific conservation of wetlands will improve wetlands related services and welfare of people in region.

5-13

Authors: Adrian-Constantin ACHIM

Organizational performance is, and will remain, a priority on the agenda of each manager within the different hierarchy and structures of the Ministry of Internal Affairs and the provision of a modern and professional human resources management based on maintaining a high level of probity and professional integrity for the staff and an increase level of authority in the community, will always be a useful indicator for assessing the efficiency and effectiveness of institutional mid level and top management. The conduct of specific activities directly and closely to the civilian population, the difficulty of permanently assessing the risks associated with police interventions and the existence of various situations that can unpredictably degenerate into actions of destabilizing social order, the deployment of police activity in high risk criminal areas, all associated with insufficient human and logistic resources, may be factors that in most cases influence the authority of the personnel in the public order and safety system, thus affecting both citizens and the ones charged with ensuring, maintaining and restoring public order. The surveys carried out in the past at the level of the specialized centers of the Ministry of Internal Affairs highlighted very clearly the determinants that lead to the diminution of the authority of the personnel. The perception of respondents, both policemen, border guards, gendarmes, was almost the same, being expressed by the fact that the diminution of authority reached a critical level and will continue to inevitably lead to negative effects which will not be easily controlled by the organization and by the state in the medium and long term. The survey conducted last year confirmed the results of the previous ones, the most significant effects occurring, as the interviewees noted, were the constant diminution of the image and credit granted to the institution and its representatives by the different categories of beneficiaries of the public services provided respectively citizens, the civil society, other partner public organizations, aspects translated into a crisis of legitimacy, increasingly negative not only in the public discourse or in the media, but also in the self-image of the employees.

29-45

Authors: Radojko LUKIC

In this paper, the most important regulation in insurance companies is analyzed in a comparative way, with a special focus on International Financial Reporting Standard (IFRS) 17 "Insurance Contracts". The main goal is to simplify these very complex issues as much as possible to "standards", which are more easily applied in the practice of insurance companies.

5-11

Authors: Edwin ANYIM, Mirabel NWOSU

The research is focused on the importance recruitment plays in Nigeria as well as Selection in getting the right Candidates. Care must be taken to ensure that only prospective candidates who are qualified to get employed in an organization. The prospective job seeker should have the right skills ad qualification and also possess good character and clean record. If an error is made at this stage, by way of bringing in a bad character, it could cause danger for the organization because, as the English people would say: “one bad apple can spoil the whole bunch”. Recruitment could be seen as the process of finding and hiring candidates for a job opening while Selection is the process of choosing from a pull of candidates the one that fit the best within the organization. The data gathered were analyzed using frequency and percentages. The hypothesis formulated for the study was tested using chisquare method to arrive at the research result. Findings revealed at the research result. Findings revealed that an organization must have good recruitment and selection policies and procedure in place in order to attract qualified employees.

24-34

Authors: Ștefan Cătălin POPA, Cezar-Petre SIMION, Simona Cătălina ȘTEFAN, Cătălina Florentina ALBU

This article presents the results of a gap analysis conducted at the level of Romania's development regions regarding innovation in organizations. The research was focused on determining the gap in Regional Innovation Scoreboard (RIS) between Romania's development regions and the EU average as well as analyzing gap dynamics in 2009-2017. The results obtained from the research seem to indicate that: the gap existing at the beginning of the analyzed period had a downward dynamics and it was accentuated for all the development regions of Romania; the quasimajority of the regions of Romania registers modest values of RIS compared to the EU average, which places them on the last places in the EU; some regions of Romania are very close to the EU average in some RIS-specific indicators such as the Bucharest-Ilfov region for trademark applications and for other indicators the gaps are very high; the innovation of Romanian organizations is focused on technical aspects. The existing disparities and the tendency of their accentuation largely explain the relatively small competitiveness of Romanian organizations in the single market and the effort to be made to recover them.