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Empirical Study Regarding The Determining Factors Of The Romanian Companies Competitiveness

Author

Listed:
  • MOLDOVAN Nicoleta-Claudia

    (West University of Timisoara, Faculty of Economics and Business Administration, Romania)

  • LOBONȚ Oana-Ramona

    (West University of Timisoara, Faculty of Economics and Business Administration,)

  • NICOLESCU Ana-Cristina

    (West University of Timisoara, Faculty of Economics and Business Administration,)

Abstract

The complexity of the concept of competitiveness lies in the fact that the term is used in various levels of aggregation, allowing the generation of its different meanings at microeconomic, mezzo-economic and macroeconomic level. This study is focused on the concept of company competitiveness, on the relevant factors in order to analyze and explain the advantage of competitiveness for a company in regard to another, as well as the dimension and intensity which it uses the sponsors' capital, the organizational capital, the human capital, the innovational capital and the capital represented by the customers portfolio. Secondly, using the questionnaire method as a research method, the objective of this paper is to provide some empirical evidences designed to assess the factors determining the Romanian company competitiveness on the competitive market. By using an initial dataset of 300 companies, which are part of the 14 fields of activity provided in the activity classification of the national economy, Reviewed NACE 2, we have made their classification on size classes, taking into account as classification criteria the number of employees, the annual net turnover and the value of the total assets held, then testing the opinions of the managers from the selected sample concerning the factors determining the competitiveness of the companies they manage. According to the results, the analysis of the sample structure reflects the control of microenterprises followed by the small and medium sized enterprises. The manner of administration and organization and the quality of the employed human factor are influenced by the company dimension and position held on the market. We consider that the managers of the small size companies, as well as the ones from the provided sample, rely on a preponderant intuitive management, they deal the administered businesses based on the spur of the moment inspiration, make decisions subjectively not starting from objective economic criteria, being concerned only with the management of the current problems. Since they aren't the beneficiaries of a managerial education, they don't possess the necessary competences to focus on the elaboration of certain strategies by which to provide competitiveness and performance on the long-term. However, the managers' training and competence influence on the identification and use of the factors which are able to provide the company development.

Suggested Citation

  • MOLDOVAN Nicoleta-Claudia & LOBONȚ Oana-Ramona & NICOLESCU Ana-Cristina, 2013. "Empirical Study Regarding The Determining Factors Of The Romanian Companies Competitiveness," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 272-281, July.
  • Handle: RePEc:ora:journl:v:1:y:2013:i:1:p:272-281
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    File URL: http://anale.steconomiceuoradea.ro/volume/2013/n1/029.pdf
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    References listed on IDEAS

    as
    1. Gábor Márkus, 2008. "Measuring company level competitiveness in Porter's Diamond model framework," Proceedings Papers of Business Sciences: Symposium for Young Researchers (FIKUSZ) 2008, in: László Áron Kóczy (ed.),FIKUSZ 2008 Business Sciences - Symposium for Young Researchers: Proceedings, pages 149-158, Óbuda University, Keleti Faculty of Business and Management.
    2. Roland Schmuck, 2008. "Measuring Company Competitiveness," Proceedings Papers of Business Sciences: Symposium for Young Researchers (FIKUSZ) 2008, in: László Áron Kóczy (ed.),FIKUSZ 2008 Business Sciences - Symposium for Young Researchers: Proceedings, pages 199-208, Óbuda University, Keleti Faculty of Business and Management.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    company competitiveness; sponsors' capital; organizational capital; human capital; innovational capital; capital represented by the customers portfolio;
    All these keywords.

    JEL classification:

    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development

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