PROCEEDINGS OF THE 10th INTERNATIONAL MANAGEMENT CONFERENCE Challenges of Modern Management

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1 BUCHAREST UNIVERSITY OF ECONOMIC STUDIES FACULTY OF MANAGEMENT in partnership with MANAGEMENT ACADEMIC SOCIETY IN ROMANIA (SAMRO) PROCEEDINGS OF THE 10th INTERNATIONAL MANAGEMENT CONFERENCE Challenges of Modern Management November 3rd-4th, 2016 BUCHAREST, ROMANIA Edited by: Ion POPA, Cosmin DOBRIN, Carmen Nadia CIOCOIU All the copyright of the present volume belongs to the International Management Conference, Faculty of Management, Bucharest University of Economic Studies. All rights reserved. All papers where peer-reviewed and were presented at the 10th International Management Conference. The responsibility for the opinions expressed by papers belongs to authors. ISSN ISSN-L Editura ASE Piata Romana no. 6, sector 1, Bucuresti, cod

2 Page 1 of Contents Session I Business Administration, Project Management and Organizational Performance THE PERSPECTIVE OF ROMANIAN ENTREPRENEURS ON THE EUROPEAN ADHERENCE AND ON EUROPEAN STRUCTURAL FUNDS MULTI-YEAR ANALYSIS BETWEEN 2012 AND 2016 Stefan-Florin CORCODEL, Daniel URITU CLUSTERS INFLUENCE ON COMPETITIVENESS. EVIDENCES FROM EUROPEAN UNION COUNTRIES Diana Claudia SALA, Madalina Dumitrita MATICIUC, Valentin Partenie MUNTEANU IS IT POSSIBLE TO USE THE ASIAN MODEL OF REPUTATION IN ROMANIAN COMPANIES? Mariana BALICA ANALYSIS ON THE SATISFACTION DEGREE OF HOTEL SERVICES CONSUMERS IN ROMANIA Cristian BUSU, Mihail BUSU THE POWER OF CONSUMERS Teodora ROMAN, Florin Iulian TUTANIS, Adriana MANOLICA FACTORS INFLUENCING THE CHOICE OF COST ESTIMATES TYPES AND THE ACCURACY OF ESTIMATES FOR CONSTRUCTION PROJECTS Cezar SIMION-MELINTE 50 PRODUCT S QUALITY AND ITS IMPACT ON CUSTOMER SATISFACTION A FIELD STUDY IN DIWANIYAH DAIRY FACTORY Latif ATIYAH 57 THE OVERALL RESULT OF EU FUNDS ABSORPTION IN BUCHAREST-ILFOV DEVELOPMENT REGION DURING Septimiu-Ionut LAZE 66 MANAGEMENT PERFORMANCES BASED ON SUPPLY AND SALE CASE STUDY: THERMAL TECHNOLOGY, LOCAL INDUSTRY COMPANY Erica Olga BRAD PUBLIC OWNERSHIP OF LOCAL PUBLIC TRANSPORT VS. PRIVATE COMPETITION Anamaria-Cristina ANDREI THE ANALYSIS OF ECONOMIC PERFORMANCE OF COMMERCIAL SOCIETIES FROM SOUTH-EASTERN EUROPE USING SOCIAL CUSTOMER RELATIONSHIP MANAGEMENT Gabriel CROITORU, Ofelia ROBESCU, Ion STEGAROIU, Ciprian ISTRATE 89 AN EXPLORATORY ANALYSIS OF THE TERRITORIAL CAPITAL IN ROMANIA: CASE STUDY OF BIHOR REGION Gyula Laszlo FLORIAN PROJECT MANAGEMENT IN ORGANIC WASTE RECYCLING Cristian Silviu BANACU, Vasile ZECHERU, Bianca Georgiana OLARU 101 Session II Education, Knowledge Management and Innovation 2.1 IMPACT OF KNOWLEDGE MANAGEMENT IN PUBLIC SECTOR ECONOMY IN AFRICA Emmanuel Innocents EDOUN CROWDSOURCING AND ORGANISATIONAL LEARNING A SYSTEMATIC LITERATURE REVIEW Regina LENART-GANSINIEC STUDY ON INNOVATION IN EDUCATION Maria Cristina SERB (TANISLAV), Delia Mioara POPESCU

3 Page 2 of 4 IMPROVING PERFORMANCES OF TEACHING STAFF IN ORDER TO OBTAIN THE STATUS OF PERMANENT TEACHER IN PRE-UNIVERSITY EDUCATION Constanta POPESCU, Roxana SURCEL (GEORGESCU) THE EFFECTS OF RECENT LABOR MARKET CHANGES ON CAREER CHOICE Alecxandrina DEACONU, Catalina RADU, Cristian CELAREL SOCIOECONOMIC FACTORS AFFECTING E-WASTE COLLECTION RATE IN COUNTRIES FROM EUROPEAN UNION Corina MARINESCU, Carmen Nadia CIOCOIU, Claudiu CICEA SIMULATED ORGANIZATION ASA A MODERN MEANS OF STUDENT PRACTICE Vasile DEAC, Mihai VRINCUT APPLICATION-BASED TEST BLUEPRINT FOR A SUMMATIVE CLASSROOM ASSESSMENT Amando Jr. SINGUN KNOWLEDGE AND LEARNING IN CLUSTERS AND NETWORKS Sebastian Ion CEPTUREANU STRATEGIES AND PERSPECTIVES REFFERED TO THE ANALYSIS AND DEVELOPMENT OF THE PREUNIVERSITY EDUCATION SYSTEM FROM ROMANIA Lavinia Stefania TOTAN, Valentin Sorin POPESCU, Dana Petruta Vasilica BALAN 190 Session III Strategic Management, Change Management and Entrepreunership 3.1 PROMOTION STRATEGIES USED BY LUXURY BRANDS IN THE NEW SOCIO-ECONOMIC CONTEXT Doina I. POPESCU STRATEGIC ORIENTATION AND EFFECTS ON ORGANIZATIONAL PERFORMANCE ANALYTICAL STUDY IN REAL ESTATE BANKS IN AL DEWANIYA PROVINCE Basim Abbas KRAIDY JASSMY, Zaki Muhammad ABBAS BHAYA 200 ANALYSIS OF THE IMPACT OF INTRODUCING ELECTRIC VEHICLES IN ROMANIA. CURRENT STATUS AND FORECASTS Andrei COVATARIU LANDMARKS OF THE MILITARY ORGANISATION S APPROACH AS A MANAGEMENT MODEL Dorel BADEA, Ghiţa BARSAN, Danuţ-Eugeniu MOSTEANU, Dumitru IANCU GLOBAL COMPETITIVENESS INDEX REPRESENTATION OF ENTERPRISE PERFORMANCES Adi Eleonor TRIFU, Mircea Raducu TRIFU PROFIT MAXIMIZATION THROUGH A DIFFERENTIAL PRICING STRATEGY Vasile DEAC, Cosmin DOBRIN, Adriana DIMA (GIRNEATA), Laura Violeta VOICU THE CHALLENGES OF NOWADAYS COMPANIES, AS ECONOMIC ORGANIZATIONS A CASE STUDY ON ROMANIA S SITUATION Gheorghe N. POPESCU, Cristina Raluca Gh. POPESCU, Veronica Adriana A. V. POPESCU 245 MANAGERIAL ECONOMICS AND THE EFFECTIVENESS OF QUANTITATIVE ANALYSIS FOR PROFIT MAXIMIZING COMPANIES IN AFRICA Emmanuel Innocents EDOUN, Charles MBOHWA 258 SOCIAL INNOVATION AND SOCIAL ENTREPENEURSHIP A SOLUTION FOR THE ISSUES OF THE CONTEMPORARY SOCIETY Amalia Venera TODORUT, Vassilis TSELENTIS A NEW APPROACH FOR THE ECONOMICAL EFFICIENCY CONCEPT FOR INVESTMENTS Costel SERBAN PUBLIC TRANSPORT SYSTEM CHALLENGES AND THE INFLUENCE UPON USERS SATISFACTION Alexandru-Mihai BUGHEANU, Sofia Elena COLESCA ADAPTIVE MANAGEMENT PROCEDURAL MODEL FOR SUPPORT OF ECONOMIC ORGANIZATIONS

4 Page 3 of 4 Marin ANDREICA, Madalina Ecaterina POPESCU, Dragos MICU, Eugen ALBU RESEARCH ON CHANGE MANAGEMENT INTO SMALL FAMILY BUSINESSES Eduard Gabriel CEPTUREANU IMPACT OF CLOUD COMPUTING TECHNOLOGY IMPLEMENTATION IN PUBLIC SECTOR Darko SHULESKI, Alexandru BIRSAN, Crina VERONICA CRISTEA, Ioan RADU 307 Session IV HR Management, Organizational Culture and Leadership 4.1 THE TURNOVER RATE OF YOUNG EMPLOYEES A CHALLENGE FOR HRM Alecxandrina DEACONU, Lavinia RASCA, Cristian-Gabriel CELAREL A WORKWEEK FROM AN ENERGETIC POINT OF VIEW Andronicus TORP, Elena Corina CIPU THE SMALL WORLD OF MANAGING HUMAN RESOURCES IN A SMALL BUSINESS Ion VERBONCU, Luise ZEININGER, Mircea MIHAI ROMANIANS MOTIVATION TO COME BACK FOR WORKING IN ROMANIA Alina-Daniela MIHALCEA LOCAL LEADERS AND THEIR RESPONSIBILITY IN SHAPING THE NEW ECONOMY OF FORMER INDUSTRIAL REGIONS Sabina IRIMIE, Mihai-Ionut DANCIU EMPLOYEE RESISTANCE TO ORGANIZATIONAL CHANGE THROUGH MANAGERIAL REENGINEERING Andrei SERBAN, Cristina IORGA THE ORGANISATIONAL STRESS IMPACT OVER THE EFFICIENCY OF THE MANAGEMENT AND MEDICAL STAFF S ACTIVITY FROM WITHIN THE ROMANIAN HEALTHCARE ORGANISATIONS Catalina-Oana MIRICA (DUMITRESCU) LEADERSHIP OF THE FUTURE Paul MARINESCU, Ionut CONSTANTIN, Sorin-George TOMA SUSTAINABILITY OF WICS MODEL IN MILITARY LEADERSHIP Benoni SFARLOG, Ghiţă BARSAN, Danut-Eugeniu MOSTEANU, Madalina BADILA FEATURES OF THE CULTURE OF HEALTH ORGANIZATIONS Ion POPA, Simona Catalina STEFAN EXPLORING PERCEPTIONS OF EMOTIONAL INTELLIGENCE IN ORGANIZATIONAL CULTURES COMPARATIVE CASE STUDY Cristina Iulia GHENU, Monica TUDOR 409 THE MONTHLY SALARY AS A MOTIVATIONAL FACTOR FROM THE PERPECTIVE OF THE DEGREE OF SATISFACTION AND THE QUALITY OF LIFE Malina-Ionela BURLACU, Alexandru BIRSAN EU FUNDS TO SUPPORT HUMAN CAPITAL DEVELOPMENT IN ROMANIA Ionut Florin BRATILOVEANU, Adrian IRIMIA, Cristian Virgil MARINAS, Ramona Stefania IGRET HUMAN RESOURCES MOTIVATION AND IDENTITY OF MEDIUM SIZED COMPANIES Mariana BALICA THE INFLUENCE OF COMMUNICATION PRACTICE CORPORATE SOCIAL RESPONSIBILITY Irina Olimpia SUSANU, Nicoleta CRISTACHE INTELLECTUAL PROPERTY IN SOCIETY DEVELOPMENT Mihai CONSTANTINESCU, Paula FRUSINOIU, Crina DIACONU 456 Session V

5 Page 4 of 4 Business Ethics, Philosophy of Management and Applied Social Sciences 5.1 INTERNATIONALIZATION PROCESS AND DECISION-MAKING: AN APPROACH THROUGH THE LENS OF THE MANAGER COGNITION Božidar VLAČIĆ, Miguel GONZÁLEZ-LOUREIRO THE EFFECT OF THE FINANCIAL CRISIS ON THE RETURNS OF THE CEE CAPITAL MARKETS Daniel Stefan ARMEANU, Adrian ENCIU, Carmen OBREJA, Sorin-Iulian CIOACA BREXIT MANAGEMENT AND ITS IMPLICATIONS IN THE EUROPEAN UNION S ECONOMIC FRAMEWORK Alexandru-Catalin POPA, Catalin-Emilian HUIDUMAC-PETRESCU PRINCIPAL COMPONENT REGRESSION FOR TOBIT MODEL AND PURCHASES OF GOLD Fadel Hamid Hadi ALHUSSEINI, Meshal Harbi ODAH DUAL NATURE OF THE MICROENTREPRENEUR BUSINESSMAN AND EMPLOYEE Ovidiu NICOLESCU, Ciprian NICOLESCU MANAGING VIOLENCE IN HEALTH SECTOR THROUGH B.I. SOLUTIONS Liviu-Catalin PRICOP, Sorin BURLACU, Mihai-Ludovic DEMETER EMPLOYEE S LIFE OUTSIDE THE WORKPLACE: ETHICAL CHALLENGES OF PRIVACY Dragos BIGU, Ionut ANASTASIU AN INQUIRY CONCERNING ROMANIA'S DIFFICULT ECONOMIC DEVELOPEMENT FROM THE 19th CENTURY TO WWII. A PLURALIST APPROACH Andrei JOSAN, Radu USZKAI TOXIC LEADERSHIP. AN EVOLUTIONARY PERSPECTIVE Lucia Ovidia VREJA, Sergiu BALAN, Loredana Cornelia BOSCA EFFICIENCY FACTORS IN ALLIANCE CREATION: MODEL OF GOOD PRACTICE Diana Larisa IONEL TAMPU, Ion COCHINA NEW HEALTH SYSTEMS: INTEGRATED CARE AND EQUITY Stéphane CALLENS 552