Title: The management of restructuring processes in a transition period

Authors: Dumitru Radu Stanciu

Addresses: Economic Engineering Department, Faculty of Industrial Chemistry, University ''Politehnica'' of Bucharest, 1–7 Polizu Street, Bucharest, RO 011061, Romania

Abstract: In the last ten years, Romania has been in the process of a profound transformation of its social and economic life. The actual dynamic environment forced organisations to radically restructure their objectives and strategies. At the international level, the management of the largest industrial units is based on the contingency approach. This is based on the idea that between the components of an industrial system and between the system and its environment are interactions that must be taken into account. The decision-making process, including those related to the evolution strategy of the organisation, is the result of a combination between environmental forces and management practices.

Keywords: organisational restructuring; strategic management; privatisation; Romania; transition economy; decision making.

DOI: 10.1504/IJEIM.2004.005851

International Journal of Entrepreneurship and Innovation Management, 2004 Vol.4 No.6, pp.613 - 619

Published online: 16 Dec 2004 *

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