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Ensight Event
First
Forum for Controlling and Finance
Executives in Romania |
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Editorial
Risk
as opportunity: managing uncertainty |
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A
widely accepted definition
of risk, yet not necessarily
uncriticised, states that
risk is a threat or possibility
that an action or event
can affect negatively or
positively the ability of
an organisation to reach
its targets. Another definition,
which - I must admit - is
my favourite, sets a better
limit for the dual nature
of risk ...
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Case study:
Your
business is expanding: where will
the next location be? |
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Many companies have undergone
this process: the business
has developed, thus bringing
about the necessity of opening
a new location for extending
its operations. This also
applies to multinational
groups, which are new on
the Romanian market: where
should the first location
be? Should it be in Bucharest
or in Timisoara? If choosing
Bucharest, which would be
the advantages of this location?
If the expansion continues:
where should the second
location be? The same happens
with Romanian private companies,
which, as a consequence
of the growth of their business,
have opened new work centers.
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Consultant opinion:
The
importance of trademark protection
in the activity of commercial
companies |
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In the context of the sustained
economic development in
our country, trade companies
have started to pay an ever
greater importance, besides
the formation and attraction
of a stable group of customers,
the development and improvement
of the provided products
and services, to the protection
of their activity.
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Market analysis:
The
Romanian market starts to accept
the need for consultants |
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According
to the latest survey conducted
by FEACO (European Federation
of Management Consultancies
Associations), the size
of the European consulting
market grew by 14% in 2005
as compared to 2004, and
consultancies reported an
aggregated 61.6 billion
Euros in fees collected.
Germany was the undoubted
leader of the market, while
the runner-up (UK) saw the
largest growth, followed
by Denmark and Romania (where
consultants reported an
upsurge of 20% or even more).
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Trends:
Why
doing business with an ISO certified
company? |
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Many organizations initially
implemented ISO because
they had to! Either their
customers demanded it, or
their competitors had it,
making it imperative that
they do the same to stay
competitive.
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