A CRITICAL AND COMPARATIVE ANALYSIS OF THE INDUSTRIAL CORPORATIONS IN THEIR EVOLUTIONARY DYNAMIC
Journal Title: Annals of the University of Oradea. Fascicle of Textiles, Leatherwork - Year 2017, Vol 0, Issue 2
Abstract
Since the 2000s, a series of mergers and acquisitions of brand at industrial corporations’ level has been observed in the global industry landscape, and an even more pronounced dynamism was manifested in Europe. The wave of mergers and acquisitions continues nowadays, when the concentration of the dominant "actors" on the industrial stage is followed by a similar process of creating enterprises able to compete with the first ones, either by the size of production or financial strength, or by innovativeness and introduction of new and competitive products. The existence of the Common Market and the EU on our continent has contributed enormously to the process of restructuring the "old" Europe. In the first phase of the European construction, the stage where national markets were still dominant, but there could be noticed a serious growth of competition, in Europe there has been produced a huge wave of mergers, for many surprising. Once with the consolidation of the European Community, a new phase begins, in which enterprises begin to adopt "continental" strategies and policies, reasoning according to the logic of a market area. Through international mergers means, is implemented a strategy that adapts the minimization of costs and simultaneously an insurance policy against a future possible currency devaluation. Today we are witnessing the third stage, with rules that tend quickly towards a complete unification and a single currency. The agreements between the European enterprises can be considered favorable because they often lead to high levels of efficiency without decreasing elements that make them competitive.
Authors and Affiliations
Sabina GHERGHEL, Liliana INDRIE
Keywords
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