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Theoretical and Applied Economics
No. 1 / 2017 (610), Spring

Performance management in the context of globalization

Roxana-Lucia MIHAI
The Bucharest University of Economic Studies, Romania
Irina Florentina BĂJAN
The Bucharest University of Economic Studies, Romania
Alina CREŢU
The Bucharest University of Economic Studies, Romania

Abstract. All managers focus on obtaining a progress by changing work styles, implementing new technologies, increasing the production capacity, improving the products and services. All organizations either public or private demand a strategy that clearly defines the attainable objectives, the problems most likely to appear, the necessary resources and means.

Performance management is a new approach to evaluating personnel. It's general aim getting higher results for the organization, team and individuals. Performance management must be seen as a meeting, so that for both the manager and people he's working with is means having a open mind, a mutual wish of finding constructive solutions. Performance management always means focusing on three separate detections: performance, competence and professional future. The first two directions represents mutual commitments that are to be studied (for the past) and stipulated (for the future).

Keywords: human resources management, globalization, international organizations (corporates), cultural differences, personal policies.

Contents

1

Bankruptcy prediction logit model developed on Romanian paired sample

Daniel BRÎNDESCU-OLARIU

2

The impact of financial risks on economic growth in EU-15

Ionuţ JIANU · Laura-Mădălina PÎRȘCOVEANU · Maria-Daniela TUDORACHE

3

Unemployment convergence analysis for Nordic countries: Evidence from linear and nonlinear unit root tests

Burak GÜRIŞ · İpek M. YURTTAGÜLER · Muhammed TIRAŞOĞLU

4

Inflation targeting and volatility: Panel evidence

Zied SAYARI · Rima LAJNAF

5

Economic structure of educational process and its implications for the higher education reform

Serguei MIKHAILITCHENKO

6

Sustainability of social security systems in EU countries: Panel cointegration analysis with multiple structural breaks under cross-sectional dependence

Ismet GOCER · Halim TATLI

7

The evolution of corruption and its current state – A case study on Romania

Ciprian ROTARU · Raluca GEORGESCU · Dumitru-Alexandru BODISLAV

8

Exports in the European Union sub-models. Determinants and performances

Alina ARSĂNI · George ȘTEFAN · Anca PARASCHIV-GHERMAN

9

Growth and distribution of microfinance in India: A panel data analysis

S. SARAVANAN · Devi Prasad DASH

10

Human capital and collegiality in academic beehives: Theory and analysis of European Economics faculties

João R. FARIA · Franklin G. MIXON, Jr. · Kamal P. UPADHYAYA

11

An empirical assessment of fiscal sustainability for selected South Asian economies

Shruti SHASTRI · A.K. GIRI · Geetilaxmi MOHAPATRA

12

The determinants of stock prices: Evidence from the Turkish banking sector

Arif SALDANLI · Mücahit AYDIN · Hakan BEKTAŞ

13

Job complexity and wage bargaining

Samir AMINE

14

Macroeconomic models used in structural analysis of GDP

Constantin ANGHELACHE · Alexandru MANOLE · Mădălina-Gabriela ANGHEL

15

On the life and death of distance

Orestis VRAVOSINOS

16

Vectors of economic growth in the eastern area of the EU

Cătălina MOTOFEI

17

Performance management in the context of globalization

Roxana-Lucia MIHAI · Irina Florentina BĂJAN · Alina CREŢU

18

Financial development, trade openness and economic growth in MENA countries: TYDL panel causality approach

Hicham AYAD · Mostéfa BELMOKADDEM

19

The vulnerabilities of the gas supply system of the Republic of Moldova in the context of its energetic security

Iulian VIȚĂ · Cristina Elena NICOLESCU

20

A formal look at the negative interbank rate

Gerasimos T. SOLDATOS

21

Informatic system for identifying and evaluation of the environmental aspects and waste products management

Rodica BUCUROIU · Marius Gabriel PETRESCU

22

Regulation versus regulated monopolization of a Cournot oligopoly with unknown cost

Ismail SAGLAM

23

Banking Union framework and the stability of the European Banking sector

Andrei HREBENCIUC