The economic recession�s effects on Romanian economy, the entrepreneurship realities in the\nEU and Romania, and change management contributions to improve both of the above are the\nmain coordinates of this paper. While economic environment determines entrepreneurship\nrealities and highlights the need for a structured approach to change, entrepreneurship is\nconsidered a booster for economic growth and change management is a booster for\nenterprises� activity. This paper aims to have both theoretical and practical contributions to\nthe manner enterprises approach their environment. A study on 37,593 Romanian companies,\nclustered in 182 sub-industries and 35 industries, offered the necessary data for estimating a\nrisk coefficient, based on variation coefficients of key economic ratios, reported during 2008-\n2013; between this risk coefficient and the insolvency rate of each sector a direct correlation\nhas been found. For instance, small enterprises having turnover of 100-500 k euros are the\nmost affected by economic recession, having the highest insolvency risk. Also, this paper\ncategorizes Romanian industries by the economic risk they are facing and provides\nrecommendations regarding Change Management usage in the current economic environment.\nSMEs availability to change, in a structured manner, might be the only difference between\nsuccess and insolvency. Change management represents an important asset to these entities,\nas to all organizations, especially during economic crisis and recession, helping them to\nproactively relate to the turbulent environment.
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