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Modern Organizations and the Challenges of the New Century

Author

Listed:
  • Madalina Cristina Tocan

    ()

  • Oana Chindris-Vasioiu

    () ("Dimitrie Cantemir" Christian University)

Abstract

The changes from the present times influence more and more in general the national economies and in particular the companies thought the impact on their business environment. If with decades behind, the organization of the company could remain unchanged for a long period of time, even in conditions of economic crisis or economic growth, in present the situation is totally different because of the dynamic rhythm of economic and social life. In order to face and to adapt to all these changes, the companies have to modify their management and organizational structures. In other words the change in organizations must be first a way to act at the frequent changes in the business environment, requirements and opportunities that can appear, not an objective that must be achieved. The ease with which firms adapt to environmental changes depends on their organizational structures and flexibility.

Suggested Citation

  • Madalina Cristina Tocan & Oana Chindris-Vasioiu, 2013. "Modern Organizations and the Challenges of the New Century," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 5(3), pages 57-60, September.
  • Handle: RePEc:khe:journl:v:5:y:2013:i:3:p:57-60
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    More about this item

    Keywords

    Globalization; organizational structure; strategy; change management; organizational systems;

    JEL classification:

    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management

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