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Impact Of Training On Business Performance. Case Of Petrom

Author

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  • Lect. Claudiu George Bocean Ph. D

    (University of Craiova Faculty of Economics and Business Administration Craiova, Romania)

Abstract

The main purpose of this paper is to analyze the relationship between training and business performance. In this respect, I conducted a study on financial and HR indicators of Petrom in the period 2007-2011, in which the company has experienced significant restructuring following the change of ownership (from state property to OMV property). Performance is measured in terms of the turnover and productivity, as well as in terms of profit margins. The results showed that there is a link between the evolution of expenditure on training programs and financial indicators.

Suggested Citation

  • Lect. Claudiu George Bocean Ph. D, 2012. "Impact Of Training On Business Performance. Case Of Petrom," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(19), pages 86-93, November.
    • Handle: RePEc:aio:rteyej:v:1:y:2012:i:19:p:86-93
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    Keywords

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    JEL classification:

    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • M53 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Training

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