Romanian Management Theory and Practice: Navigating Digitization and Internationalization in the New Global Economy (Contributions to Management Science) - Hardcover

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Ovidiu Nicolescu is Emeritus Professor at Bucharest University of Economic Studies, President of Romanian Academic Society of Management, and Honorary President of National Council of Romanian SMEs in Romania. He has published 191 books and  over 520 studies in 26 countries based on his research in the fields of  knowledge management, stakeholder management, social responsibility, company management, entrepreneurship, business simulation and international comparative management.

Constantin Oprean is Emeritus Professor, Vice-President of the Romanian Academic Society of Management,  and Head of the United Nations Educational, Scientific and Cultural Organization (UNESCO) Department at the "Lucian Blaga" University of Sibiu, Romania. His is also the President of China Center Association Sibiu, Romania. He specializes in quality management, specifically quality management in higher education.

Aurel Mihail Țîțu is a Full Professor in the Department of Industrial Engineering and Management, at the Faculty of Engineering at "Lucian Blaga" University of Sibiu, Romania. He is also a PhD supervisor in Engineering and Management at Politehnica Bucharest, Romania, Director of the Patent Library (PATLIB) Centre of Sibiu, Romania; President of the Romanian Association for Alternative Technologies in Sibiu, Romania; Vice-president of Romanian Association of Nonconventional Technologies; and Corresponding member of the Romanian Academy of Scientists (AOSR).

Sebastian A. Văduva is Chair of the Griffiths School of Management and IT at Emanuel University in Oradea, Romania, as well as a management scholar with numerous active ties, academic and entrepreneurial, in both Europe and the United States. He has developed various seminars on leadership and effective management on both micro- and macro-economic levels and is behind several programs intended to boost Romanian economy by drawing in international investors and business partners.

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This open access book provides the current research on the features of Romanian management theory and practices. It explores Romania's position in the global supply chain; Romanian firm's contributions to the new global economy; and the processes and effect of internationalization and digitization on the Romanian economy.

Romanian management practices, similar with other Eastern European nations, has a unique development. In the late 19th and early 20th century, they were an integral part of western management thinking. However, with the forced adoption of a communist political system and the nationalization of the Romanian economy, the managerial systems were recalibrated to replace profit maximizing objectives with social objectives yielding mixed results. Since the revolution of 1989 and the integration into NATO and the European Union, Romanian management systems are once again an integral part of the global economy. As the COVID-19 crisis revealed the limitations of globalization and the overreliance on Asian suppliers, Romania, along with the rest of Eastern Europe will continue to be integrated into the global economy and become a dependable alternative to Asian suppliers.

This is an open access book.