Organizational Aspects Of Modern Management In 21st Century
Everything is changing in the course of time, especially nowdays when the world is in the globalization process and all business processes are subject to turbulent conditions. Every organization in the market must adapt to the market conditions and the environment. As the economy has its own laws and market conditions that are changing on a daily basis, different models of leadership and management are needed. So, this is the reason why management is the most important factor for managing and leading organizations and companies on market effectively. Management faces the biggest challenges and obstacles that companies and organizations have in their work and must overcome in order to survive on the market in order to achieve successful growth and development. Management in the 21st century is probably in the most turbulent environmental conditions in the history of economics. This paper provides an overview of modern management in the conditions of the 21st century, as well as the factors that infl uence the management in the process of creating successful companies and organizations, and the ways in which management companies adapt to market conditions and to the environment.
SOME ASPECTS REGARDING THE RELATION BETWEEN MANAGEMENT, INTERNAL AUDITOR AND EXTERNAL AUDITOR
Businesses and organizations are in constant confrontation with improving their performance in an environment that provides them with all the guarantees. This improvement is increasingly sought through a decentralization of decision making to ensure appropriateness. In these circumstances, the firm's manager will normally ask questions about the effectiveness of the functioning of the organization, exercised by him and by his collaborators. In this context, communication between management and audit committee, and internal auditor and external auditor could be strengthened and formalized. In this process, internal audit, an independent objective assurance and business advisory, intended to add value and lead to business improvement organization. In Romania, the organization of internal audit in the private sector, there are some problems with a full understanding of the necessity and advantages of this function, which is manifested by poor organization or unorganized internal audit function, even where it is absolutely necessary. Another part of internal communication process regarding position of external auditor. Frequent and regular dialogue with this is essential in the wider context of good corporate governance and for cooperation between entity and stakeholders.
The Impact of EU Unfair Contract Terms Law on U.S. Business-to-Consumer Internet Merchants
When the Court of Appeals for Versailles issued its decision in AOL France v. UFC Que Choisir2 in September 2005, it sent the message to U.S. Internet businesses that even contractual boilerplate localized for European markets may be invalid in European consumer transactions. In that case, a French consumer advocacy group challenged the terms AOL offered its French customers after AOL had made extensive revisions to its standard form contracts to respond to the concerns regarding those terms expressed in an advisory opinion by a French consumer protection agency. In 2004, a trial court invalidated nearly every term in the revised agreement; the appeals court affirmed on all counts. Subsequently, in July 2006 following concerns raised by the Office of Fair Trading (“OFT”), a United Kingdom government agency charged with “making sure markets work well for consumers,”3 Dell Corporation Limited changed its online terms and conditions to make them fairer to consumers.4 European consumer contract law had an impact in both cases. At issue for AOL France and Dell Corporation Limited was the application of France’s and the UK’s consumer contract law which is based on the Unfair Contract Terms Directive of 19945 and calls into question the validity of many of the terms that U.S. courts routinely enforce in transactions involving American consumers and merchants.