This paper is a about two rules used in capital investment decision-making. NVP and IRR incorporate the time value of money using a discount factor based in the firm’s relevant interest rate or cost of capital. Decision-makers clearly prefer IRR to NPV although NPV technique offers more...

This paper presents an analysis of two American and Japanese management strategies, the reengineering and Kaizen strategies, which can be used successfully by the Romanian companies, too. Reengineering is the fundamental rethinking and radical redesign of business processes to achieve dramatic...

Globalisation, the demographic changes and the evolution of transportation are decisive factors for the rapid evolution of the tourism industry in Europe. Approximately 2 million travel agencies have almost 4% of the European workforce total employed, this representing 8 million work places....

Kaizen is a philosophy of life that addresses to the best who want to be more and better. It is a process of improvement that never ends and it results in many advantages. The Japanese leadership model has shown that progress in small steps, but fast, conduces to doubtless long-term wins. Kaizen...