Challenges, Performances and Tendencies in Organisation Management by Lloyd-Reason Lester. Nicolescu Ovidiu

Author:Lloyd-Reason, Lester.,Nicolescu, Ovidiu.
Language: eng
Format: epub
ISBN: 9789814656030
Publisher: World Scientific Publishing Company
Published: 2016-02-15T00:00:00+00:00

3.2. Exogenous difficulties

(a) Lack of national strategy for economic and social development and industrial policy. The lack of these key documents essential for the future development of any country profoundly affect firms’ management in the sense that they do not provide landmarks to guide their business plans, and realistic evolution objectives. Benchmarks provided by the mentioned documents consist of the major coordinates of the Government’s vision on economic and social development of the country at national, regional and sectoral level, economic structure configuration perspective, economic and financial instruments to be used for progressively “forging” desired economic structure, international agreements to be concluded, and so on. These benchmarks should be clear signals given to foreign and domestic investors on Government’s intentions, its philosophy, the ways it will follow; in the absence of such guidelines, outlining “strategic vision” of the company management is an approach without full required substantiation, limited, therefore, only to fragmentary estimates of domestic and external demand;

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