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A Corporate Model of Similitude for SMEs Reunion into a Corporation, Viewed from the Angle of Physical Thought, and Its Complex Economic and Social Impact

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Author Info

  • Gheorghe Săvoiu

    ()
    (University of Pitesti, Pitesti, Romania)

  • Constantin Manea

    (University of Pitesti, Pitesti, Romania)

  • Victor Iorga – Simăn

    (University of Pitesti, Pitesti, Romania)

  • Florentina Magda Enescu

    (University of Pitesti, Pitesti, Romania)

  • Mladen Čudanov

    (University of Belgrade, Belgrade, The Republic of Serbia)

Abstract

In order to exceed the circularity of formal economic thinking, the authors of the present paper favour the models of thinking specific to physics, which are also constructed statistically and mathematically, in an attempt to find an answer to the reunion of similar small and medium enterprises (SMEs), into multinational corporations. A model based on the theory of similitude is thus made use of, born from the very essence of physics, and having an economic and social destination and a complex impact. The physical models intended for economic systems are expressed as systems of partial differential equations, and the result becomes a new vision of reality. This paper details an original model based on physical similitude for SME amalgamation under the name of multinational corporations. After an introduction to the physical theory of similitude, the first section describes the physics model because of the reunion of similar SMEs. The real birth of some corporations in Serbia forms the content of the second section; the economic and social phenomena relating to the generation of such corporations, and the corporate social responsibility are emphasized. The idea of social complexity and its impact as the fifth dimension of a modern multinational corporation conclude the paper.

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Bibliographic Info

Article provided by Academy of Economic Studies - Bucharest, Romania in its journal The AMFITEATRU ECONOMIC journal.

Volume (Year): 13 (2011)
Issue (Month): 29 (February)
Pages: 10-27

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Handle: RePEc:aes:amfeco:v:13:y:2011:i:29:p:10-27

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Related research

Keywords: physical model; small and medium enterprise (SME); multinational corporation (MNE); corporate social responsibility (CSR); economic and social complexity;

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Cited by:
  1. Ramona Iulia Ţarţavulea & Radu Ioan Petrariu, 2013. "Logistics Market Statistics and Opinions about the Supply Chain Management in Romania," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 15(33), pages 180-196, February.
  2. Luminiţa Ionescu & George Lăzăroiu & Silviu Şerban, 2013. "A theory of the availability and level of consumer protection in online and mobile payments for public economic services," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 15(34), pages 369-384, June.

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