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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

Author

Listed:
  • 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.

Suggested Citation

  • Gheorghe Săvoiu & Constantin Manea & Victor Iorga – Simăn & Florentina Magda Enescu & Mladen Čudanov, 2011. "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," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 13(29), pages 10-27, February.
    • Handle: RePEc:aes:amfeco:v:13:y:2011:i:29:p:10-27
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    References listed on IDEAS

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    1. Håkansson, Håkan & Snehota, Ivan, 1989. "No business is an island: The network concept of business strategy," Scandinavian Journal of Management, Elsevier, vol. 5(3), pages 187-200.
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    Cited by:

    1. Mihai Andronie & Violeta-Elena Simion & Elena Gurgu & Adrian Dijmãrescu & Irina Dijmãrescu, 2019. "Social Responsibility of Firms and the Impact of Bio-Economy in Intelligent Use of Renewable Energy Source," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 21(52), pages 520-520, August.
    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.
    3. 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.
    4. Mladen Čudanov & Gheorghe Săvoiu & Ondrej Jaško, 2012. "New Link in Bioinformatics Services Value Chain: Position, Organization and Business Model," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 14(Special N), pages 680-697, November.
    5. Gheorghe SAVOIU & Luiza APOSTOL, 2013. "Defining Public Debt and External Debt and Revealing Their Statistical Trends and Econometric Models," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 61(4), pages 93-104, December.

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    More about this item

    Keywords

    physical model; small and medium enterprise (SME); multinational corporation (MNE); corporate social responsibility (CSR); economic and social complexity;
    All these keywords.

    JEL classification:

    • C65 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Miscellaneous Mathematical Tools
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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