The impact of the financial and economic crisis on the behaviour of organizations.

Titu, Mihail ; Oprean, Constantin ; Bucur, Viorel 等

1. INTRODUCTION

The financial crisis currently takes up a great amount of time and space in the Romanian media, but not only here, becoming a leitmotif in everything that is performed from the level of organizations and up to the highest government structures. The crisis is seen as a "scarecrow", as a "bogeyman", which brings insomnia to all the managers who are influenced by it. We are witnessing a transformation of the behaviour of businessmen, economic agents, and bankers et cetera, who, through their decisions, influence in a decisive way the behaviour of the organizations' employees. (Bucur, 2002)

2. RESULTS

Nowadays, more and more organizations are forced to stop their activity because of the current financial and economic crisis. In 2009, in the county of Sibiu, over 15% of the organizations started after 2005 have gone bankrupt. The analysis of the life cycle emphasizes an ever more concerning fact, connected to the stages naturally followed by any organization or business. The aforementioned organizations which have reached bankruptcy followed stages I and II in an unconventional way and, because of the crisis (the increase of interest for credits and the depreciation of the national currency as opposed to the European one), they forced their way over stage III and were placed into stage IV, a stage of decline (death). (Figure 1 and figure 2). (Cungi, 2003)

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Note: Stage III, of maturity, is no longer representative in figure 2. The literature specialized in this field mentions a series of ways through which some organizations survive and prosper, while others go bankrupt and disappear (covered in debt and credits). The way in which organizations solve the problems they are dealing with determines the moment when they will pass from one stage of development to the next, emphasizing their tendency to survive, develop and die. (Golman, 2001)

3. THE IMPACT OF THE FINANCIAL AND ECONOMIC CRISIS ON ORGANIZATIONS

In the case of the growth (development) of some organizations which are in stage II, they can reach the tendency to maximize efficiency, according to fig. 3, some actions, which aim to anticipate phenomena; the organizations may fail, having their action directions embezzled.

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One can observe that the efficiency of the organization is at its maximum in point A, for a size S1 and it decreases for a size S2. The current financial and economic crisis shows that small and medium enterprises are among the first ones to be affected by it. The organizations (the small and medium enterprises) which in 2008 were in a continuous development are currently (in the first semester of 2009) in a stage of decline, which can lead them to bankruptcy, because the changes in the field are totally unfavourable to them. (Oprean & Titu, 2008)

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4. THE WEITYEL AND JONSON MODEL, UNDER THE IMPACT OF THE CRISIS

Under the impact of the crisis, the stages of the classic model of organizational decline (fig. 4) go through significant changes, according to fig. 5; the government measures ([alpha], [beta], [gamma], [delta]) playing an important role. (Titu & Oprean, 2007)

5. CONCLUSION

From the analysis of the questionnaires, we have gathered a sum of proposals, through which the respondents consider that the impact of the crisis can be attenuated or eliminating. In this sense they mentioned a series of opinions.

One can notice that the current financial and economic crisis has created a state of "mobilization" of all the categories of citizens of the country, no matter their field of activity, age or social category. The 60 questionnaires that were filled in contain enlightening answers and interesting proposals, some of which were previously mentioned.

After the processing of the information in the questionnaires we will expand the area of interpretation and we will announce the results.

6. REFERENCES

Bucur, V. (2002). Management. Management of Organisation, Napoca Star Publishing House, Cluj Napoca, 2002

Cungi, C. (2003). How We Can Stop the Stress, Polirom Publishing House, Bucharest

Golman, G. (2001). Emotional Inteligence, Curtea Veche Publishing House, Bucharest

Oprean, C. & Tifu, M. (2008). Quality Management in the Economy and Organisation Based on Knowledge, AGIR Publishing House, Bucharest

Titu, M. & Oprean, C. (2007). Strategic Management, University of Pite[section]ti Publishing House, Pitesti