Entrepreneurial Management and its Place in the Competition Economy

  • Loredana VĂCĂRESCU HOBEANU Spiru Haret University, Romania Faculty of Legal, Economic and Administrative Sciences Craiova

Abstract

Like any other type of company, the performances of the Small and Medium-sized Enterprises (SMEs) depend on the effective appeal and implementation of concepts, approaches, methods, techniques and other elements which are provided by the management science. Moreover, being given the pronounced, constructive and functional specificity of the SMEs, they require a specific management, being named entrepreneurial management. Relatively young branch of the management, the entrepreneurial management, still ongoing crystallization, is desired increasingly conditioned for the performances of the SMEs. The typical entrepreneurial activities, to which there are devoted 99% of the researches and studies, are the economic activities. The entrepreneurial activity is in the centre of economic innovation spirit, productivity growth, economic competitiveness and generating the jobs, this being associated with the personal success. The entrepreneurial activity synthetically consists in the identification and capitalization of an economic opportunity. The entrepreneurial environment consists of all the exogenous company elements of economic, managerial, technical, demographic, cultural, scientific, psychological, educational, political, ecological and legal nature which marks significantly the activities performance and the results achievement.

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*** Government Ordinance no. 27/2006 amending and supplementing the law no. 346/2004 privind regarding the stimulation of the establishment and development of small and medium-sized businesses. Available at: http://lege5.ro/Gratuit/hazdsmrv/ordonanta-nr-27-2006-pentru-modificarea-si-completarea-legii-nr-346-2004-privind-stimularea-infiintarii-si-dezvoltarii-intreprinderilor-mici-si-mijlocii
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Published
2017-07-14
How to Cite
VĂCĂRESCU HOBEANU, Loredana. Entrepreneurial Management and its Place in the Competition Economy. Journal of Advanced Research in Management, [S.l.], v. 8, n. 1, p. 19-37, july 2017. ISSN 2068-7532. Available at: <https://journals.aserspublishing.eu/jarm/article/view/1273>. Date accessed: 19 apr. 2024. doi: https://doi.org/10.14505//jarm.v8.1(15).03.