@article{tudor2016effects,
  title = {The Effects of the Economic Recession on Romanian Entrepreneurship: A Change Management Perspective},
  author = {Liviu Tudor and Cristian Bisa},
  year = 2016,
  url = {https://ibimapublishing.com/articles/JERP/2016/252779/},
  journal = {Journal of Entrepreneurship: Research & Practice},
  volume = 2016 (2016),
  pages = 13,
  doi = 10.5171/2016.252779,
  abstract = {The economic recession’s effects on Romanian economy, the entrepreneurship realities in the EU and Romania, and change management contributions to improve both of the above are the main coordinates of this paper. While economic environment determines entrepreneurship realities and highlights the need for a structured approach to change, entrepreneurship is considered a booster for economic growth and change management is a booster for enterprises’ activity. This paper aims to have both theoretical and practical contributions to the manner enterprises approach their environment. A study on 37,593 Romanian companies, clustered in 182 sub-industries and 35 industries, offered the necessary data for estimating a risk coefficient, based on variation coefficients of key economic ratios, reported during 2008-2013; between this risk coefficient and the insolvency rate of each sector a direct correlation has been found. For instance, small enterprises having turnover of 100-500 k euros are the most affected by economic recession, having the highest insolvency risk. Also, this paper categorizes Romanian industries by the economic risk they are facing and provides recommendations regarding Change Management usage in the current economic environment. SMEs availability to change, in a structured manner, might be the only difference between success and insolvency. Change management represents an important asset to these entities, as to all organizations, especially during economic crisis and recession, helping them to proactively relate to the turbulent environment.},
  keywords = {change management, entrepreneurship, small and medium enterprises, economic recession, insolvency risk},
  note = Article ID: 252779
}