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The Financial Crisis Of 2007 – 2008 A Review Of The Timeline And Of Its Causes



    () (School of Economics and Management in Public Administration in Bratislava, Slovak Republic)


This article introduces one of the modern approach to management of self-government – it is the process management in comparation with the functional management and its application´s possibilities in pratice. The self-government whose performance is not based on profit but on the budget and the disposable resources are not applied in the way of maximising the profits but it is focused on meeting the demands of the client – citizen and the self-government is influenced by the political, judicial and economical environment in which it works. The managerial processes decide about the allocation of disposable resources and their input into the processes and the revenues and expenditures are assessed by them. The level of citizens´satisfaction having a textual reflection rather than a numerical representation is highlighted. An efficient method to be applied is the benchmarking which compares the different coefficients of different organisations or self-governments within the same processes.

Suggested Citation

  • Nora Štangová, 2011. "The Financial Crisis Of 2007 – 2008 A Review Of The Timeline And Of Its Causes," JOURNAL STUDIA UNIVERSITATIS BABES-BOLYAI NEGOTIA, Babes-Bolyai University, Faculty of Business.
  • Handle: RePEc:bbn:journl:2011_2_4_stangova

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    File Function: Revised version, 2011
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    References listed on IDEAS

    1. Jasmina GRZINIC, 2008. "Trends in Croatian hotel industry," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 2(36), pages 905-912, may.
    2. A. Jolibert & P. Jourdan, 2005. "Marketing Research," Post-Print halshs-00095262, HAL.
    3. Jasmina GRZINIC, 2008. "Trends in croatian hotel industry," Management and Marketing Journal, University of Craiova, Faculty of Economics and Business Administration, vol. 6(1), pages 122-128, November.
    4. Emilia Gabroveanu & Roxana Elena Stan & Nicoleta Radneantu, 2009. "Analysis of Main Economic Factors Influence on Romanian Tourists Number Accommodated in Romania, using Anova Method," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 5(05(534)), pages 63-68, May.
    5. Mohammad SHAMSUDDOHA & Tayub CHOWDHURY, 2009. "Opportunities Of Developing Tourism Industry In Bangladesh," Revista de turism - studii si cercetari in turism / Journal of tourism - studies and research in tourism, "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration - Economy, Business Administration and Tourism Department., vol. 8(8), pages 22-26, December.
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    More about this item


    process; transformation process; self-government; resources; procedural mapping.;

    JEL classification:

    • H70 - Public Economics - - State and Local Government; Intergovernmental Relations - - - General
    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration
    • H89 - Public Economics - - Miscellaneous Issues - - - Other


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