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About the Syndrome of Chronic Management Deficiency


  • Kamen Kamenov


The management process is not adressless. It is directed toward realization of certain goals. Possible are reasons of different kind as well as the influence of different factors leading to price deviations. By that means they can be realized or partially fulfilled and even when their fulfillment is ensured it is at the expense of the accelerated exhaustion of resource potential. The possible deviations from the goals are always accompanied by specific problems. Generally they can be defined as instantly accruing, active for a short term and those which act for a longer term. The second are related to the chronic management deficiency (CMD). That does not mean that the first could not be transformed in long-term if not resolved timely and completely.

Suggested Citation

  • Kamen Kamenov, 2008. "About the Syndrome of Chronic Management Deficiency," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 3-19.
  • Handle: RePEc:bas:econth:y:2008:i:2:p:3-19

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    References listed on IDEAS

    1. Ralf Br├╝ggemann, 2006. "Sources of German unemployment: a structural vector error correction analysis," Empirical Economics, Springer, vol. 31(2), pages 409-431, June.
    2. David F. Hendry & Katarina Juselius, 2001. "Explaining Cointegration Analysis: Part II," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 75-120.
    3. Ivanov Ventzislav & Kilian Lutz, 2005. "A Practitioner's Guide to Lag Order Selection For VAR Impulse Response Analysis," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 9(1), pages 1-36, March.
    4. Bierens, Herman J., 1997. "Nonparametric cointegration analysis," Journal of Econometrics, Elsevier, vol. 77(2), pages 379-404, April.
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    Cited by:

    1. Ma, Linwei & Liu, Pei & Fu, Feng & Li, Zheng & Ni, Weidou, 2011. "Integrated energy strategy for the sustainable development of China," Energy, Elsevier, vol. 36(2), pages 1143-1154.

    More about this item

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation


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