Lessons learned from the crisis-management challenge

Moore Stephens KSC

The event’s organizer was the Association of Chief Executive Officers (ACEO) – EASE that was represented by Nikitas Konstantellos – Chairman of EASE and CEO of ICAP Group, George Ghonos - Treasurer of EASE and Managing Director of McCain Foods Southeastern Europe and Marius Stefan – General Manager of Autonom Rent a Car. Mamas Koutsoyiannis, CEO of Moore Stephens KSC in Romania & Moldova moderated the event and through his business experience of over 19 years, he contributed to the consolidation of the main subjects.

The Crisis Management challenges of the business community are becoming more and more present as the degree of globalization and interconnectivity increases. The expansion of the business networks and the interdependence on which they rely on gives rise to an environment where crisis spreading is inevitable. The management of these recurrent situations becomes o necessity also for the Romanian business leaders.

However, the events’ presentations and debates have revealed that the Romanian business environment is stable and the investment opportunities are multiple. Moore Stephens expansion in Romania and Moldova, with the team expertise of Mamas Koutsoyiannis is a first indicator in this respect. The business market is tending to develop and this means new multiple possibilities for companies in the audit, accounting and business advisory professions.

As Mr. Koutsoyiannis repeatedly pointed, the implementation of impeccable ethical standards and constant nurturing of a confidence climate are the elements that can help maintain this business trend. Prompt and accurate accounting advisory services become a central element of tactics to avoid potential crises and they also support the new-entries business players from the local and international markets.

According to Mr. Koutsoyiannis, the primary responsibility of audit and advisory companies from Romania should be to facilitate a smooth transfer to the Romanian market for the foreign investors. By applying such a philosophy of action, Moore Stephens KSC seeks to contribute to the continuation of the upward economic national trend and to the consolidation of a sustainable business environment which will open up new opportunities.

Nikitas Konstantellos, George Ghonos and Marius Stefan pointed that crises could be avoided by sharing success stories with all partners, by promoting sustainable business scenarios that project a win-win reality and by seeking and promoting management and business innovations that go beyond past performance of the respective entrepreneur.

In any industry the leader role is essential. Moreover during crisis situations. This is way the speakers showed that a good manager is vital to a sustained business effort.

Finding a leader with vision, having the ability to take decisions in any circumstances and well acquainted with the area where they operate can be the difference between a coherent management and a disastrous one, especially in a crisis situation when difficult and relevant decisions must be taken rapidly.

EASE represents a specialists group with high qualifications that supports the business environment. Through the manner that they are collaborating with the top companies from Greece, EASE supports those elements that are needed in the company management process and managing crisis situations

By participating in such events, Moore Stephens KSC wants to create an environment of dialogue with the Romanian business community in order to strengthen debate on issues on public interest. The responsibility for strengthening the Romanian business environment is of every individual company and such events contribute at the consolidation of a transparent discussion platform for the benefit of all involved. As a responsible business entity, Moore Stephens KSC will continue to organize such events bringing together professionals from the business community.

The most important conclusion of the debate is that the business environment in Romania continues to be stable but the constant investments in innovation, leadership and audit and consulting services are essential for avoiding crisis situations.

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