[Challenge:Future] W-E have the solution

February 27 2013

W-E have the solutionTeam name : W-E ConsultantsTeam leader: Andrei StoicaTeam members: Daniela Preda, Bogdan RadoiCountry: RomaniaSchool: Bucharest Academy of Economic Studies

Wednesday, February 27, 13

February 27 2013

Source: World Economic Forum - Data Platform

The graph shows the gap between Western and Eastern European countries . The Western Europe is characterized of high levels of productivity, while in the East these levels are compensating with low costs of labour force.

Eastern Europe is dominated

- Economy based on imitation- Low operational costs that can attract foreign investors- Excellence in exports (even during the financial crisis - Hungary, Slovakia were able to increase their export rate)- EE fulfills the basic requirements such as health an primary education - High share of people working in agriculture (Poland, Serbia, Romania,Bulgaria) but also in industry (Slovakia, Czech Republic, Russia)

Companies and competitiveness of Eastern Europe

Source: World Economic Forum - The Europe 2020 Competitiveness Report


An European growth model1. Deepen the single market

Modern services: Facilitate trade in digital services Increase internal labor mobility

2. Widen regional economic integrationModern services:

Crisis-proof financial flows in Europe

Productivity growth:

Facilitate production networksAlign business regulation with a common marketImprove public service delivery

3. Streghten global economic leadership

Modern services:Address private debt overhang

Productivity growth: Create world class innovation systems Expand private funding of tertiary education Reform(external) immigration policiesDemographic trends: Reassess employment-protection laws Reform social security Reduce fiscal deficits and public debt


Interview findings: EE should focus on education, R&D and agriculture

EE Weaknesses1. access to financing

2. corruption3. inefficient government bureaucracy

4. tax rates and regulations5. inadequate supply of infrastructure

6. policy instability

EE Opportunities1. educated labour force characterized by high professional

aspirations2. high literacy rate

3. government incentives & incentives related to EU funding (if applicable)

4. cost advantage5. agricultural & natural resources potential

6. tourism

Focus industries- agriculture

- IT- green energy- engineering

- R&D


Interview findings: Education & Research the most important

Type of companies that should emerge:

1. highly innovative research hubs2. multinational energy companies with a focal point on a green &

sustainable energy3. high tech IT companies established in the cloud

4. ultra specialized small - medium companies centered on specific areas of agriculture

2022 jobs:

1. teacher, scientist2. energy engineer,

3. programer, safety cloud expert 4. agronomic engineer, food researcher,


Vision of a future company

✤ highly innovative research hubs

✤ multinational energy companies with a focal point on green & sustainable energy

✤ high tech IT companies established in the cloud

✤ ultra specialized small-medium companies focused on specific areas of agriculture

We envision 4 types of companies that will emerge by 2022


a. highly innovative research hubs

✤ size: small size or attached to regional corporations

✤ ownership: private equity, shares belonging to different companies/multinationals that would get involved in the same type of innovation research

✤ the most important department would be research&development

✤ values: sense of fairness, social impact

Characteristics:


b. multinational energy companies with a focal point on green & sustainable energy

✤ size: big & mergers between different energy companies (oil, gas). also collaborating with research hubs and labs

✤ the most important department would be energy reengineering

✤ values: sense of responsibility, environment protection

Characteristics:


c. high tech IT companies

✤ size: big companies based on IT cloud system

✤ the most important department would be IT & cloud security

✤ values: sense of responsibility, environment protection, information

Characteristics:


c. ultra specialized small-medium companies based on agriculture

✤ small companies specialised on different areas of agriculture

✤ the most important department would be agronomic research, nutrition

✤ values: sense of responsibility, environment protection, health

Characteristics:


[Challenge:Future] W-E have the solution

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