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The Organizational Framework of Modern Companies – Present and Forthcoming Tendencies

Author

Listed:
  • Dura Codruta
  • Cucu Ioan

    () (University of Petrosani
    University of Petrosani)

Abstract

The need to reorganize the classic structure of contemporary companies is generated by the occurrence and manifestation of cross-correlated trends and phenomena such as: markets globalization; accelerate internalization of economies; profound technical and technological changes, the informational “explosion”, the diversification of demand together with the “personalization” of commodities and so on. Thus, the emergence of innovative approaches regarding strategies and organization is very appropriate knowing that contemporary business organizations will have to achieve multiple goals (i.e. economic, social, moral, technological and ecologic objectives) and that technologies hard to imagine nowadays can become familiar in the future. The strategies of the third millennium in correlation with the immediate structural development call into requisition the original concept of development as a series of waves of change, revealed by Alvin Toffler in his wellknown book “The Third Wave”. Starting from this metaphor, the paper makes a survey of some relevant theoretical approaches regarding the unprecedented transformations that will occur within organizational structures of future companies in the near future.

Suggested Citation

  • Dura Codruta & Cucu Ioan, 2010. "The Organizational Framework of Modern Companies – Present and Forthcoming Tendencies," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 997-1001, May.
  • Handle: RePEc:ovi:oviste:v:10:y:2010:i:1:p:997-1001
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    References listed on IDEAS

    as
    1. Leland, Hayne E & Pyle, David H, 1977. "Informational Asymmetries, Financial Structure, and Financial Intermediation," Journal of Finance, American Finance Association, vol. 32(2), pages 371-387, May.
    2. Scholtens, Bert & van Wensveen, Dick, 2000. "A critique on the theory of financial intermediation," Journal of Banking & Finance, Elsevier, vol. 24(8), pages 1243-1251, August.
    3. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    4. Boyd, John H. & Prescott, Edward C., 1986. "Financial intermediary-coalitions," Journal of Economic Theory, Elsevier, vol. 38(2), pages 211-232, April.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    modern companies; organizational framework; tendencies;

    JEL classification:

    • M19 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Other

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