BR’s 20 years in review | A lesson from Cosmin Vladimirescu (MasterCard Romania): Embrace simplicity, innovate, befriend technology and love your competition

Newsroom 14/05/2018 | 15:00

Want to know the secrets to running a successful business? Business Review talked to the top managers who head up 20 of the most important organizations in their sectors to get the lowdown on the main lessons they have learned since taking the helm.

Here is a lesson from Cosmin Vladimirescu, general manager, MasterCard Romania:

“There are four important lessons that I have learned from MasterCard’s 22 years of existence on the Romanian market and they are related to simplicity, innovation, technology and competition. 1. Simplicity is incredibly sophisticated, especially in the payments industry, where we have to continue innovating in order to offer our clients the simplest and the best solutions. 2. Technology makes our lives easier and, if used properly, it can be our best friend. 3. Innovation is the key to success in today’s world, where everything is changing so incredibly fast. Any company that chooses to imitate will end up becoming completely irrelevant. 4. We have to embrace and love our competition. It will only help us become better and better.”

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