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Strategic Direction For Business Development In Romania Following The Economic-Financial Crisis Which Influences The Strategies Of Romanian Companies

Author

Listed:
  • NEAGU, Gheorghe

    (Dimitrie Cantemir University, Bodoni Sandor 3-5, Tîrgu Mures, Mures, România)

  • RAHAU, Loredana

    (Dimitrie Cantemir University, Bodoni Sandor 3-5, Tîrgu Mures, Mures, România)

  • FORGACIU, Flavia

    (Dimitrie Cantemir University, Bodoni Sandor 3-5, Tîrgu Mures, Mures, România)

Abstract

Experts in economics tried to explain the upwards and downwards economic movements. They also tried to find answers to what causes the economic cycles. The recent crisis has proved to be atypical. Starting off as a financial crisis, it later evolved into an economic crisis and ultimately turned into a sovereign debt crisis. This is the form in which it still manifests itself at the time being. This crisis has not even spared Romania, generating a long recession with multiple effects amongst the economy and the businesses. Until now, anti-crisis measures were directed against the population by reducing its revenues. This led to a decrease in domestic demand. This paper summarizes the developments of the crisis in Romania and worldwide, trying to highlight that the strategic measures which ought to be considered are those that restore domestic demand. This request must be healthy, sustainable, a base of further economic growth.

Suggested Citation

  • NEAGU, Gheorghe & RAHAU, Loredana & FORGACIU, Flavia, 2013. "Strategic Direction For Business Development In Romania Following The Economic-Financial Crisis Which Influences The Strategies Of Romanian Companies," Academica Science Journal, Economica Series, Dimitrie Cantemir University, Faculty of Economical Science, vol. 1(2), pages 86-94, May.
  • Handle: RePEc:tig:journl:v:1:y:2013:i:2:p:86-94
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    References listed on IDEAS

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    1. E. Nur Ozkan-Gunay & Mehmed Ozkan, 2007. "Prediction of bank failures in emerging financial markets: an ANN approach," Journal of Risk Finance, Emerald Group Publishing, vol. 8(5), pages 465-480, November.
    2. Gasbarro, Dominic & Sadguna, I Gde Made & Zumwalt, J Kenton, 2002. "The Changing Relationship Between CAMEL Ratings and Bank Soundness during the Indonesian Banking Crisis," Review of Quantitative Finance and Accounting, Springer, vol. 19(3), pages 247-260, November.
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    Keywords

    strategic direction; crisis; recession;

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