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ABSTRACT
The effects of the world economical financial
crisis have left their mark on the Romanian market
economy and the business environment, influencing
negatively the business plans mainly in the investments
orientated policies.
In order to be able to survive throughout the
present period of world economical financial crisis, to
adjust to it and to diminish the impact of the negative
effects that the ongoing crisis creates, the private
companies and the public institutions must change their
managerial style as well as the mentality of the employees,
the managers and the businesspersons.
In order to attenuate the effects of the economical
financial crisis, the managers see themselves compelled
to change the managerial style and to implement a real
participative managerial style.
At the end of the paper I present some actual
propositions, taken from my personal experience,
concerning the changes needed for the implementation of
the managerial style in the present period of world
economic financial crisis.
KEY WORDS:
Leadership,
economic
management.
crisis,
Background
The first signs of this crisis, anticipated and
extensively propagated through the media by the tycoon
George Soros, have been felt by the Romanian market
economy only after 1 year since its beginning.
Economic crisis1 difficult condition of the
economic activities, crash, sudden change in the
economic activity, taking the shape of deceleration,
stagnation or decrease of the economic activities.
By extension, it is a depressing condition for the
overall economy, for certain branches, regions etc., a
disease of the economic body which indicates the serious
crash of the economic balance, especially between
production and consumption, between demand and supply,
having direct effects on the prices, occupancy degree and
production factors usage degree.
The economic crisis is literally the turning point of
the economic cycle, when the expansion phase
(ascending) is replaced by the depression phase
(descending). The beginning of the economic crisis
requires economic agents to act in order to determine
qualitative changes in the economic growth circumstances
and factors, in the economic structures, intended to lead to
the removal of certain unbalances, behaviours, institutions
and mechanisms which create prerequisites for passing to
a new ascending phase. Even if it is a difficult step in the
economic development, having adverse effects on a
significant portion of the economic agents, the economic
crisis is also the signal for the mass beginning of the
creative destruction type phenomena.
participative
Introduction
Within the current context of the world economy,
whether we refer to the Romanian market economy or to
the capitalist economy of the highly developed countries,
we have to admit that there is a worldwide financial crisis,
first occurred in the United States about 2 years ago,
which has extended and reached, respectively touched
also the Romanian market economy, adversely
influencing the companies managerial policy.
The current financial crisis may be compared with
the financial crisis from the years 1929 - 1923, when
many people remained unemployed and companies that
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making
manner,
characterizes
the
microenterprises where the business owner is also
manager of the company and makes all by
him/herself the managerial decisions, without
consulting the employees or the experts from
consultancy companies;
directivity, consists in the nature of the
suggestions given by the managers to their
subordinates while performing their activity;
relationship between the manager and the
employees, based on which the groups socialaffective structure is specified, does directly
influence the companys economic-financial
outcomes;
managers orientation in relation to the
subordinates issue, in terms of the priority
given to the organizations issues in relation to
the subordinates' interests;
management techniques and methods used, which
vary depending on the companys size and
particularly on the managers training and
mentality.
More often than not, the relationship between the
manager and the employees is a cold and distant one,
because the managers do underestimate their employees, do
not wish to consult with them, to ask for their opinion on
the activity carried out within the company and particularly
on the improvements that could be implement in order to
make it more efficient.
In most of the cases, the managers are firmly
convinced that only they may be right in respect of the
activity carried out within the company, being the most
professionally trained; respectively they do not need the
employees advices, opinions and suggestions.
The current crisis period undergone by the local
managers, particularly those of microenterprises, is a
truthfulness time that has awakened to the tragic reality on
their deficiencies and particularly to the need for changes in
the companys management, changes that they must
implement if they do not wish to go bankrupt.
It is important to know and assess the various
management styles and their determinant factors, given
the following reasons:
the effects of the leadership styles on the
psychological, psycho-social and relational
environment within the economic entities, as
well as on the production outcomes, on the
entire activitys productivity and profitability;
the leadership styles diffusion capacity does
influence the employees. The managers style
may influence the entire leadership teams
orientation and may also propagate to the lower
hierarchical levels. The top managers
leadership style may influence all their
subordinates' work style;
the managerial style has not only a personal
significance, but also an organizational one, i.e.
influences the entire organization;
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References
[1] Angelescu, C. (2001) Dictionary of Economics,
Economic Publishing House, Bucharest, 140-141;
[2] Nicolescu, O., Verboncu, I. (2007) Organizationss
Management, Economic Publishing House, Bucharest,
245;
[3] Scholtz B. (2009) Companys Economics, Risoprint
Publishing House, Cluj Napoca, 248.
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Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.