Munich Personal RePEc Archive

The Challenges of the Administrative Process in a Financial Crisis and their Effectiveness

Dumitrescu-Peculea, Adelina and Dogaru, Tatiana-Camelia (2016): The Challenges of the Administrative Process in a Financial Crisis and their Effectiveness. Published in: Procedia Economics and Finance No. 39 (2016): pp. 827-832.

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When we think back to the financial crisis which has been over for a few years now, we can only see the negative aspects. However, the positive aspects are incontestable. One of these aspects is represented by the efforts of making the public administrative processes more efficient. Managers of public institutions were obligated, due to lack of funds, to concentrate on creating and/or developing various mechanisms in order to optimize the internal processes with the intention of assuring the development of their activities and obtaining their overall objective. By doing this, they gained the importance of organizational functions such as internal public audits, internal managerial control and governess. The intent of this paper is to present the efficient process which took place in public administration sector of Romania during the financial crisis and immediately after. In order to better understand this procedure, a comparative analysis between the process implemented in Romania and the ones applied by the European Union will be discussed. The conclusions which will be formulated due to this study can be applied both theoretically as well as practically.

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