Sebastian Ion Ceptureanu

Assessing the Role of Strategic Choice on Organizational Performance by Jacquemin–Berry Entropy Index

This paper investigates effects of strategic choice on organizational performance for Romanian family-owned Small and Medium sized Enterprises (SMEs). Using adapted Jacquemin–Berry entropy index for both product and international diversification and using a regression model, our study discusses family involvement as a moderating factor for organizational performance assessment. We discovered that there are multiple interactions between strategic choice and organizational performance while family involvement fails to have a significant role in moderating these interactions.

Relationship between Entropy, Corporate Entrepreneurship and Organizational Capabilities in Romanian Medium Sized Enterprises

This paper analyses the relations between entropy, organizational capabilities and corporate entrepreneurship. The results indicate strong links between strategy and corporate entrepreneurship, moderated by the organizational capabilities. We find that companies with strong organizational capabilities, using a systematic strategic approach, widely use corporate entrepreneurship as an instrument to fulfil their objectives. Our study contributes to the limited amount of empirical research on entropy in an organization setting by highlighting the boundary conditions of the impact by examining the moderating effect of firms’ organizational capabilities and also to the development of Econophysics as a fast growing area of interdisciplinary sciences.

Romanian Young Entrepreneurs Survey

When considering entrepreneurial potential of young Romanians, there is almost not any data available. This paper aims to disseminate the results of a survey focused on young entrepreneurs, designed to fill the gap in the literature about Romanian young entrepreneurs’ features. The empirical study was divided in five parts: A. Personality of young entrepreneurs, highlighting the main features of behaviour and personality of young entrepreneurs. B. Professional background, focusing on young entrepreneurs’ background and how it influences their interest and performance improvement. C. Risk and crisis acceptance, highlighting the ability of young entrepreneurs to deal with critical situations. D. Business and business environment, focusing on internal and environmental aspects of the business. E. Social cultural attitude, highlighting the attitude of society (incentives and disincentives) to entrepreneurial initiatives of young people.

Knowledge Cycles and Knowledge Management

Abstract The increasing importance of knowledge for companies come along with the increasing concerns about the way organizations cope with the exponential growth of available knowledge and the increasingly more complex products and processes that incorporate knowledge. Given the importance and impact of knowledge activities on the knowledge-based management, various models, approaches or frameworks require a more analytical approach, centred on how knowledge can be effectively managed. This paper analyses several knowledge cycle models and discusses their importance in relation with the knowledge management, even though it seems to be few models that bring something truly new in understanding knowledge and knowledge cycle activities. That is the reason we chose to address some of these, starting with the first most influential one, the Wiig model, and finishing with a less structured but very comprehensive approach, the Heisig model.