Naslov
Anagement as a cause of inefficient development of economies in transition

Autori
Luković T. ; Šperanda, I.

Vrsta, podvrsta i kategorija rada
Sažeci sa skupova, sažetak, ostalo

ISBN
978-86-80133-71-3

Skup
4th International Conference, Entrepreneurship and Innovations as Precondition for Economic Development

Mjesto i datum
Podgorica, Crna Gora, 06.2014

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
ekonomije u tranziciji / razvijene ekonomije / funkcije menadžmenta / upravljanje rizikom / investicije / stabilnost

Sažetak
The fact is that there is a huge difference between developed and less developed economies i.e. the economies in transition. Many factors impacting the national economy of each country, but the stability of economy, political and legal stability and reliability are the principals. The states which came out of former socialistic political system, such are ex- Yugoslav states have a heavy burden of serious problems which do not contribute at all to the economic and legal stability and reliability. If we look on the economic growth and development through the prism of investments and investment environment that we can conclude, with no doubt, that there is a tight connection and correlation between economic growth and the economic system stability. The accurate analysis of the economic problems of the economies in transition such as: outspread corruption, inefficient legal system, sloth of the most of civil servants, overdue of debts, lack of democratic practice, and so on, leads us to the conclusion as follows: the root of all stated problems is common to all of them and could be identify as a poor management on all managerial levels. Thus, the hypothesis exposed in this paper might be summarised as: the quality and competence of the overall management in the economies in transition is down below the level of required for constant achieving positive and stable results in everyday practice. The logical question is being imposed: what kind of management is all about and what is the main reason for its failure? The starting point for the authors of this paper, in researching the stated problem, was the fact that entire economic entities, as well as, overall administration have emerged out of countries with former socialistic political and economic system. Hence, the way of thinking and problem solving is in discrepancy as it was before and as it should be done properly. This is to refer, first of all, to the stability, development and management of the economic system in the economies in transition and in developed economies. The measure or the indicator of the stability and confidence of the investors to the economies in transition and, unfortunately, those indicators are ranged mostly in B or BB and gradually slipping to C which called "trash" category. The aim of this paper is to find out the reason for the lack of confidence and to point the tools of suspending and precluding it. In order to achieve the aim and set the designated task of the paper the authors have used the comparative analysis of the management as a stability/instability factor in the developed economies and in the economies in transition looking for the answer what should be done in order to change the current situation. Key words: economies in transition, developed economies, functions of management, risk management, investments, stability.

Izvorni jezik
Engleski

Znanstvena područja
Interdisciplinarne društvene znanosti

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