Tiberiu Moisă, Deputy General Manager SME & MidCorporate, Transilvania Bank, participated in Gala Best Managed Companies Romania, an event organized by Deloitte under the umbrella of Deloitte Private and which annually brings to the forefront the lessons of leadership, strategy, and governance from Romanian entrepreneurship.

Within the gala, Deloitte awarded the Best Managed Companies certification, a distinction given in accordance with an international methodology that evaluates four pillars: strategy, resources and innovation, culture and commitment, as well as governance and financial aspects. 

I took over some of the premises with which I started, a few months ago, this edition.
 

ABOUT ADAPTABILITY 

• Adaptability is a frequently used word, we have all overused it. We thought we would be done with it in 2020, but we had to use it in 2021 and 2022 as well, and ever since every year we talk about adaptation. People adapt and we see this, probably according to possibilities, experience, and each one's skills. We always think of 2020 as the year everything started, but it was a successive series of years that forced us all to go through a school, which we did not intentionally want, but it was very real: the school of adaptability.
  
  
• The strategy, which generally means the idea of having a red thread, a red thread that involves solving critical problems and, at the same time, seeking a certain potential for development, for growth, has become more flexible in these years. You cannot adapt to a context that is constantly changing, to shocks that appear and that you cannot anticipate, unless you have this ability to pivot, to adjust the red thread you have so that it fits your own context. From this point of view, adaptation is the order of the day.  
  
  
• Adaptation itself is not enough, it helps you survive, it does not necessarily push you towards development. We are looking for other things too: we need to keep growing, we need capital. We probably also need more courage, including when we try to internationalize our business.
  
  
• In these conditions where everything is changing, entrepreneurs probably have difficulty making long-term plans, however, optimism also comes from entrepreneurs, and optimism brings confidence. Optimism and confidence, from our point of view, are the most valuable lessons. Besides these, we try to develop all the other elements related to resource management, discipline, and a balanced way of making decisions.
   

CRITICAL COMPONENTS 

• What really matters is to actually understand how companies are prepared or why some are better prepared than others. Then you come back again to see the adaptation and balance and you see a certain way of making decisions, of relating to what is new. In fact, you always return to people and to competencies these and for me skills are the key in everything we see around us, whether it is about the public sector or the private sector.  
  
  
• Everything depends on the skills that people who make decisions have. And these skills do not appear overnight, these skills are related to education in all its forms. It is not possible without competent people, it is not enough to have dedicated people, with energy, with a good attitude, you need competent people. From our point of view, you only succeed in advancing when you take this into account. One of the structural problems that we need to improve or fix in Romanian society relates to the skills of the people who make decisions.  
  
  
• At the same time, we believe that the financing instruments to which businesses have access‑Romanian markets need to develop and go far beyond the idea of classic bank financing. All types of instruments related to capital, tot ceea ce ține de stimularea acumulării capitalului – iar prin capital nu ne referim doar la cel care vine din exterior, ci inclusiv la modul în care firmele își capitalizează propriul business – vizează, de fapt, o deficiență structurală a economiei noastre. 
  
  
• These are the two instruments, beyond bank financing, that could be a fantastic growth lever: skills and better access to how capital is accumulated. For me, these two components seem critical for anything we would want to build further.  

These are just a few of the ideas drawn from the experience of the Best Managed Companies Romania program. For a complete perspective we invite you to read press release for seeing the impact of the program at the Romanian economy level.