...INNO NATOUR. Lesson learnt from Innovation in Nature Based Tourism Services Contact: Faculty of Economics and Public Administration „Stefan cel Mare” University of Suceava Universităţii str., no. 13, Building H 720229 SUCEAVA, ROMANIA Phone: (+40) 230 216147 ext. 294 Erasmus IP web site: www.innonatour.usv.ro Faculty web site: www.seap.usv.ro University web site: www.usv.ro 2012 Subject to the provisions of relevant collective licensing agreements, no reproduction of any part may take place without written permission of the copyright owners. CONTENTS INTRODUCTION............................................................................................................................................ 5 DESCRIPTION OF THE PROJECT.............................................................................................................. 8 STUDENTS OF THE 20112012 ERASMUS IP ...................................................................................... 9 LECTURERS, TUTORS AND EXPERTS OF THE 20112012 ERASMUS IP ................................. 10 RESULTS OF THE ERASMUS IP INNO NATOUR 20112012......................................................... 19 FINAL REPORTS OF THE WORKING GROUPS .................................................................................. 20 INDIVIDUAL POST CASE STUDIES OF THE STUDENTS ................................................................. 44 CONCLUSIONS AND IMPLICATIONS ......................................
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...8 elements of Culture in Romania Geography —Romania is located in Central Europe, bordering the Black Sea, the neighbors are Bulgaria, Ukraine and Hungary. The Danube is the second longest river after Volga in Europe, it originates in Black Forest in Germany, and flows through 9 European countries: Germany (7.5%), Austria (10.3%), Slovakia (5.8%), Hungary (11.7%), Croatia (4.5%), Serbia (10.3%), Bulgaria (5.2%), Moldova (1.6%), Ukraine (3.8%) and Romania (28.9%). —Conclusion: Romania is a Central European country, and has close connection with neighbors (both Western and Eastern European countries). Ethnic Group —About ethnic group in Romania, the main group is Romanian, which is 89.5% of whole population in Romania. The second one is Hungarian which is 6.6%, Roma is the third one that is 2.5%, the next two groups are German and Russian which are 0.3% and 0.2% respectively. There are some other minorities that is 0.4%. —Conclusion: According to information of ethnic group in Romania, this obviously is a diversified country that includes various minorities. Language —About 89% of the people are ethnic Romanians, a group that-in contrast to its Slovakian or Hungarian neighbors-traces itself to Latin-speaking Romans, who in the second and third centuries A.D. conquered and settled among the ancient Dacians, a Thracian people. As a result, the Romanian language, although comtaining elements of Slovakia, Turkish and other languages, is a Romance language related to...
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...Student Name : Victor Belinschi Student Number: 10022233 Course Title: MBA in Business Management Lecturer Name: Dr. PJ Paul Module/Subject Title: International Management Assignment Title: PESTEL Analysis Nr. of Words: 3231 (Excluding References) I have chosen to write a PESTEL analysis for LIDL (the food retailer from Europe) in the context of a potential expansion to Moldova, my home country. This particular industry was chosen because there are no major food retailers in our country besides the Metro Cash & Carry. Therefore, our market is relatively young and with potential to grow. Political Factor The Republic of Moldova is a relatively young country as it gained its independence in 1990 when the USSR had collapsed. From that year on, the Moldavian people have struggled to install democracy. Until 2000 Moldova has been governed by democratic forces and has already achieved some progress in installing a fair and efficient legal system. Unfortunately for many persons, the elections of 2000 have identified the Communist party as the winner. The Communists have governed the country until 2008 when they have lost the elections in favour of the three democratic parties: Liber Party, Liberal-Democratic Party and the Democratic Party. However, the disparity of votes between the opposition and the winning forces was relatively insignificant and in order to have a consolidated majority in the Parliament and to be able to efficiently adopt legislation, the...
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...Nokia’s New Home in Romania 1 The rapid move in the telecommunications technology world has pushed many of top cellular leaders to examine the ever-increasing challenge of efficiency, effectiveness and the cost conscience choices of product supply and demand. Business managers must consider the best markets for creating new products to meet customer’s needs, while remaining competitive and fostering valued employee and community connections. Nokia, one of the world’s largest cellular providers with an estimated 49,560 permanent employees (as of 4/1/07), national research centers and distribution sites globally; opted to begin yet another production and distribution site in Transylvania, Romania (Corporate Responsibility, 2007). The 88 million dollar investment was set before John Guerry a 36-year old Texan in charge of the plant. His challenge was to select, train and retain adequate employees with a skill based work environment to ensure that a multinational competitor would not impede on the best workers (Ewing, 2009). The reasons why Romanians are motivated to obtain a job at Nokia’s new factory begin with the well regarded technical university where engineering students can begin their career with a globally secure company. A repressive communist dictatorship has left a blaring mark of impoverished conditions for the city of 400,000 people. Many of the locals overwhelmingly seek the opportunity to gain skills and advancement to improve their current living circumstances...
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...Romania has a developing, upper-middle income market economy, the 11th largest in the European Union by total nominal GDP and the 8th largest based on purchasing power parity.[7] Romania entered the 1990s a relatively poor country by European standards, largely a result of the failed economic policies of Nicolae Ceauşescu in the 1970s and of the failures of privatization in Romania during the 1990s, which decreased the GDP by almost 50% and ruined the industry because of corruption.[8] However the collapse of the Communist regime in 1989, reforms in the 2000s (decade) and its recent entry to the European Union have led to an improved economic outlook. Romania has experienced growth in foreign investment with a cumulative FDI totaling more than $100 billion since 1989,[9] and has been referred to as a "Tiger" due to its high growth rates and rapid development.[10][11] Until 2009, Romanian economic growth was among the fastest in Europe (officially 8.4% in 2008 and more than three times the EU average).[12][13] The country is a regional leader in multiple fields, such as IT and motor vehicle production,[14][15] and is expected to join the Eurozone by 2014.[16] Bucharest, the capital city, is one of the largest financial and industrial centres in Eastern Europe. Romania was heavily affected by the global financial downturn and gross domestic product contracted by 7.2% in 2009,[17] forcing the government to enact harsh austerity measures and borrow heavily from the IMF.[18] The country's...
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...Assessment activity 1.3 P5 Boom and recession: What is a 'Boom’: A boom is a period of time during which sales of a product or business activity increases very rapidly. In the stock market, booms are associated with bull markets, whereas busts are associated with bear markets. The cyclical nature of the market and the economy in general suggests that every strong economic growth bull market in history has been followed by a sluggish low growth bear market. Breaking down 'Boom' Stocks that suddenly become very popular and gain strong elevated market profits are the result of a stock boom. An example of this is the internet technologies boom or "dot-com bubble" that occurred during the late '90s. This was one of the most famous booms in stock market history. As often occurs in a boom-and-bust cycle, this boom was followed by one of the biggest busts in history. This occurs because the growth that takes place in a boom is rarely maintained and backed up by actual company profits. What is a 'Recession': A recession is a significant decline in activity across the economy, lasting longer than a few months. It is visible in industrial production, employment, real income and wholesale-retail trade. The technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country's gross domestic product (GDP). BREAKING DOWN 'Recession'. Recession is a normal (albeit unpleasant) part of the business cycle; however, one-time crisis events...
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...Communism Accounting Practices and The Effects of Adapting IFRS for SMEs Abstract Romania, located in southeastern European, was heavily influenced by the Russian Soviet Union as a socialist republic between 1947 and 1989. With becoming a capitalist country in 1989, its accounting practices began its transformation. The purpose of this paper is to analyze Romania accounting practices post its revolution. The paper discusses three major accounting practice conversions made in Romania post communism. Included in this paper are comparisons of previous practices and the implications presented within each practice; along with the pros and cons and many challenges that are associated with the adaptation of International Financial Reporting Standards (IFRS) for small and medium-sized entities (SMEs). Romania’s Post Communism Accounting Practices and The Effects of Adapting IFRS Romania is country located in southeastern Europe and is the ninth largest country of the European Union. Between 1947 and 1989, Romania was controlled by the Russian Soviet Union and enforced by communism. Today, reported in its 2011 Census, Romania’s currently has a population of 21,390,000 people and a gross domestic product (GDP) of $179,793,512,340. Though now considered as an upper-middle income country by the World Bank, Romania has faced many transitions from communism to capitalism over the course of the past three decades. Along with...
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...4559 REVISED DECEMBER 18, 2012 V. KASTURI RANGAN SUNRU YONG Alpen Bank: Launching the Credit Card in Romania Introduction In September 2006, Gregory Carle sat pensively at his desk at Alpen Bank’s corporate headquarters in Zurich. The previous evening he and the senior management team had enjoyed themselves dining late above the picturesque Limmat Valley, but now it was time to focus his attention on the task at hand. As Alpen’s country manager for Romania, Carle was contemplating a credit card launch in the Romania market, which he would pursue if he could be confident that it would add €5 million of annual profit to the Consumer Bank segment within two years (see Exhibit 1 for a summary of the financial performance of the Consumer Bank segment of Alpen Bank in Romania). Carle had been with Alpen since 1992, when he joined the bank’s global marketing group. His appointment in 2000 to country manager for Romania coincided with the bank’s opening its first branch in the capital city of Bucharest. Since then, Carle had overseen the opening of 14 additional branches in Romania, with Alpen Bank developing a reputation for excellence in serving affluent clientele. In addition to basic deposit, checking, and personal loan services, customers had access to a wealth management program composed of financial planning and investment products. The idea of a credit card for Romanian consumers was not new. Historically, Alpen management had balked at launching a card business due to...
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...Date: February 13, 2013 To: Alpen Bank Subject: Alpen Bank Case To whom it may concern: This is to address whether or not the Romanian market holds any opportunity for Alpen Bank and our credit card services. Based on our analysis, Romania holds opportunity for us to launch our credit card services with potential for growth year after year because of a growing middle class that looks for a better standard of living. Romania’s acceptance in the e European Union should strengthen its economy. Compared to other central and eastern European countries, Romania has the least financial cards per household at 1.2 cards. With the growth that we are expecting, Romania will follow in the footsteps of its neighbors and double the amount of financial cards per household. Alpen Bank should position itself by targeting all customers. Alpen bank has previously only targeted affluent customers as far as its banking sector. Alpen bank card services should be available to all customers with the right credentials in order to grow with the growing middle class. We predict that by targeting all customers, we provide ourselves with a larger target market. Though targeting affluent only customers seems like a better opportunity for the first two years, we are looking long term. Targeting all customers will allow us to hit our $5 million profit target with 142, 248 customers in year one and 146,788 customers in year two. These numbers can be achieved by combining direct mail, take...
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...soft-adventure travel packages. An opportunity for Romanian Experience's success exists because the travel industry is growing and the national tourism is very well promoted lately. Romanian Experience's mission is to provide customers with the highest quality outdoor adventure. The company is a travel agency that specializes in adventure tourism and travel. It will provide consulting and custom travel arrangements and packages. It is very important for the company to become the foremost provider of adventure travel to the people Romania. Romanian Experience's employees are outdoor adventure and travel enthusiasts as well as seasoned travel industry professionals. The company seeks to connect adventure travel newcomers and veterans with service providers, adventure activities, and accommodations that fit the client's desires, budget, and skill level. They exist to attract and maintain customers. Romanian Experience will be a partnership in the town of Brasov, Romania and the company will have the headqurter in a rented office from a central building in Brasov. Romanian Experience start-up costs will include all the equipment needed for an office. The office equipment will consist of four computer systems, DSL router, printer, CD-RW, phones, copier, fax machine and installation of DSL and two phone lines. For the begining, Romanian Experience will start with 5 persons, and because it will be a small organization, its employees will share in management duties and decision making. Requirements...
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...Credit Card in Romania. My first write up case . 1-) Romanian Credit Card Market Until 2006 any kind of discussion about launching a credit card in Romania market seemed uninteresting and a risky distraction . That because the per – capita income level was low almost , 1.700 euro , here was not infrastructure of point – sale terminals , and there was minimal experience with consumer credit .The middle class was growing but it was very small and less than 50 % of the population was urban . After the 2006 and the country’s entry into the European Union the macroeconomic trends in Romania were encouraging. * Middle and upper – middle class had importantly increased its total disposable income . Exhibit 5. (11.9% + 18.8% +18.2% ) of population has annual income from 1.500 to 4.500 Euro. * Increase of the households percentage ( over one – third of Romanian households ) that were interesting in purchasing branded imports from EU and in the big cities like Bucharest a strong tendence toward luxury goods. * Increase rate of people that were interested in using cards instead of cash ( in 2006 a growth of 35 % over the 2005 ) and about 9.5 million cards that circulated in Romania . * The development of the infrastructure that was required for a payment system , so In 2006 Romania had almost ...
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...BUSINESS PLAN: “Mountain Star” Hiking and Mountaineering guide company • Nature and objectives of the business • Personnel • Services • Target customers • Advertising • Location • Equipment • Sales forecast • Budget [pic] The main business activity of the company will be to provide tourists with trained guides for hiking or climbing and mountaineering in the Romanian mountains. Its purpose, besides profit, will be to create a positive attitude towards Romania from foreign and local tourists, and to develop a prosperous tourism in the Romanian mountains while preserving and respecting the natural environment. It will be a family business, with its founders as its owners. We have worked as guides for 10 years and know just about all there is to know regarding the mountains of Romania, from paths to chalets, weather, housing, food and local population. We have worked in close cooperation with the mountain rescue association, so we are aware of the importance of applying safety measures during the trip. Our company will have its headquarters in Sinaia. There will also be offices in other popular tourist locations at the mountains. In the beginning there will only be offices in Sinaia, Busteni, Predeal and Poiana Brasov. If business is successful, we will open other offices where it is profitable. Each office will have a director, and the General Director will be at the headquarters. Each local office will have...
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...The Holocaust is known as one of the most horrifying and devastating events in world history. The Holocaust was a horrific event that occurred in European countries. The German army, then led by Adolph Hitler, captured and tortured thousands if not millions of Jewish men, women, and their children, including Elie Wiesel and Anne Frank. Anne Frank and Elie Wiesel both suffered badly, but had different outcomes. They have many similarities and differences. Anne Frank and Elie Wiesel have many similarities. Firstly, Elie was "not yet fifteen" when he and his family were arrested by Hungarian police and sent to a concentration camp (Wiesel 22). This shows that Elie was tortured at a young age. This is why he wanted to stay with his father, because he was so young. Secondly, Anne Frank was thirteen years old when "she and her family went into hiding to escape persecution by the Nazis."(Frank 97). This shows that if she was found, the soldiers would not take her age into consideration. This is why she learned to act more mature. In conclusion, Elie Wiesel and Anne frank shared some similarities. During the Holocaust, Anne Frank and Elie Wiesel had just as many differences as similarities. For example, " An American tank stood at the gates of Buchenwald." (Wiesel 83). This shows that even though Elie Wiesel had experienced horrible things at a young age, such as the hanging of a pipel, he survived and was rescued. This is why he is able to describe the events that happened to him...
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...Bessarabia or Basarabiia. Region bounded by the middle and lower Dnister River in the north and east, the Prut River in the west, and the mouth of the Danube River and the Black Sea in the south. The area of the region is 45,600 sq km. Until the beginning of the 19th century the name Bessarabia referred only to the southern part of Bessarabia; later it was used for the entire region. Today Bessarabia is a part of Moldova, except for the northern part (the Khotyn region) and the southern part (the Akkerman region), which are settled by Ukrainians and comprise 14,400 sq km of the territory of Ukraine. Because of its location between Ukraine and Romania and between Poland and the Balkans, Bessarabia has always served as a route between the west and the east. This fact has influenced its history and the composition of its population. Southern Bessarabia is strategically important, as it controls the mouth of the Danube River and access to the Black Sea. Geography and economy. Bessarabia is a continuation of the Pokutian-Bessarabian Upland and the Black Sea Lowland. It consists of Tertiary strata (older strata appear only at the Dnister River) and is covered mainly by chernozem and loess. Except in its southern part, Bessarabia is hilly. From north to south it can be divided into four natural regions: (1) the Khotyn region, which reaches 465 m in elevation and is covered with beech forests; (2) the Beltsi Plain, a woodless, chernozem plain with an elevation up to 180–200 m; (3)...
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...Elie Wiesel, a Holocaust survivor and author of “Night”, was deported along with his family to an extermination camp in 1944 where they endured hardships ranging from slavery to starvation. On April 12, 1999, in Washington, D.C., Wiesel presents his speech, “The Perils of Indifference” to President Clinton, his First Lady, White House Officials, and the American people. Referring to the tragic events of the twentieth century, Wiesel lectures on the threat that “indifference” poses, and discusses his hopes for a better future. Leading the speech, the author begins with an anecdote of his childhood, the liberation of Buchenwald. He mentioned the memories of the american soldier’s compassion and rage towards the victim’s situation during the liberation, and revealed that although he had been free of imprisonment, he believed he would never find “joy in his heart” again. He continues to thank the audience for their presence and heroism, then questions the legacy of the diminishing century by mentioning all the catastrophes that occurred, such as the two World Wars, assassinations of John F. Kennedy, Martin Luther King, and Ghandi, and Hiroshima. Transitioning to the purpose of the speech, Wiesel etymologically defines “indifference” as “no difference” as if there were a blurred line between “...light and darkness, dusk and dawn...cruelty and compassion,” selfish and needy. The author questions on many occasions as a tool to get the audience engaged and form opinions. For example...
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