Business and Non-profit Organizations Facing Increased Competitions and Growing Customers' Demands
Business and Non-profit Organizations Facing Increased Competitions and Growing Customers' Demands
Contributor(s): Anna Ujwary-Gil (Editor), Adam Nalepka (Editor)
Subject(s): Social Sciences, Economy, Business Economy / Management, Sociology, Socio-Economic Research
ISSN: 2543-540X
Published by: Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione"
Keywords: Non-profit organizations;business; economy;finance;
Summary/Abstract: We live in a world consisting of organizations. Every man throughout his or her life is involved in various organizations and has to deal with them as owner, shareholder, entrepreneur, manager, employee or customer (consumer of goods or services offered by the organization). Therefore, conducting continuous research into these organizations should be considered imperative. These studies should aim, on the one hand, to indicate the new challenges posed by the organizations of the market economy and the characteristic of the intense competition and the increasing demands of consumers, the other to determine the terms and conditions for smooth functioning. Efficiency requirements are forcing organizations to have unique, difficult to copy, skills and competence and the use of modern, sometimes sophisticated management methods.However, these studies should not lead to a rediscovery of known truths, but should focus on disclosure, description, and analysis of new phenomena and processes for the organization. The theory of organization and management should be the starting point for this research.For our discussion, it is believed that the organization is structured, artificially created a social unit, which through the coordination of the activities and relationships of its members and resources (tangible and intangible) carry out the planned transactions with the environment, pursuing the aims of the creators and its members. From here you can deduce the thesis that organizations: they are artificial creations, deliberately created by the people to meet specific targets; they are properly ordered socio-technical systems; are open systems, consistently leading the exchange of matter, energy and information with the environment.Due to the nature of the objectives pursued and rules of operation are divided into commercial and non-commercial organizations. The purpose of this monograph is to identify flowing from increased competition and growing consumer expectations the conditions of the commercial and non-— 6 —commercial organizations and determining their impact on them. On the other, the presentation of strategies and principles of operation used by the surveyed organizations and advocating adequate behavior of the organization, allowing to gain and maintain a competitive advantage.Based on the analysis of the prepared articles you can indicate the following groups of issues that are currently important for the problem of commercial and non-commercial organizations and increased competition, as well as the increasing demands of consumers:I. BUSINESS AND NON-PROFIT ORGANIZATIONS AS THE OBJECT OF RESEARCHII. MODERN TOOLS FOR BUSINESS AND NON-PROFIT ORGANIZATIONS MANAGEMENTIII. FINANCIAL ASPECTS OF ORGANIZATIONAL MANAGEMENTIV. BUSINESS AND NON-PROFIT ORGANIZATIONS – GLOBAL AND REGIONAL ASPECTSSuch a structuring issue will be the basis for the design of this study. We wish to express gratitude to the Authors of these articles, whose contributions shaped this monograph. We also thank all the Reviewers for their willingness to share their expert knowledge and experience with the Authors, along with substantive support. We believe, this commendable effort and cooperation results in attention to the high quality of the publication.
- E-ISBN-13: 978-83-65196-35-4
- Print-ISBN-13: 978-83-65196-34-7
- Page Count: 300
- Publication Year: 2016
- Language: English
THE CREATION OF PROCESS ARCHITECTURE IN A MUNICIPAL COMPANY
THE CREATION OF PROCESS ARCHITECTURE IN A MUNICIPAL COMPANY
(THE CREATION OF PROCESS ARCHITECTURE IN A MUNICIPAL COMPANY)
- Author(s):Janusz Adamek, Krzysztof Głuc, Natalia Potoczek
- Language:English
- Subject(s):Business Economy / Management, Sociology
- Page Range:9-24
- No. of Pages:16
- Keywords:public utilities; water company; business model; business processes; process architecture
- Summary/Abstract:The article deals with legal and economic sources of process re-orientation of a municipal company. In case of municipal activity it is not the competition but the quick growth of investment that forces business entities to verify their business models. The growing costs of maintaining and implementing public services force the growth of managerial competencies and the search for better organization methods. The case study of the Nowy Sącz Water Company presented in the article is an example of changes occurring in the area of organization and management of public utilities. The process re-orientation creates possibilities of improving the business model and, inter alia, increasing the value provided to customers by more efficient management.
- Price: 4.50 €
NEW APPROACH TO BUSINESS PROCESS MANAGEMENT IN CONSTRUCTION COMPANIES
NEW APPROACH TO BUSINESS PROCESS MANAGEMENT IN CONSTRUCTION COMPANIES
(NEW APPROACH TO BUSINESS PROCESS MANAGEMENT IN CONSTRUCTION COMPANIES)
- Author(s):Marek Szelagowski
- Language:English
- Subject(s):Business Economy / Management
- Page Range:25-39
- No. of Pages:15
- Keywords:business process management (BPM); unstructured processes; dynamic BPM (dBPM); process mining; communities of practice (CoP); business process management system (BPMS); knowledge management (KM); kn
- Summary/Abstract:The challenge that construction companies are faced with at present is the unique character of each executed investment. Each subsequent project is different. The projects differ in terms of the constructed objects, their architecture and functions, client needs, the standard of internal finishes, and rules of cooperation with the investor. Even if the constructed object is following the same blueprint, it is nonetheless different in terms of its immediate surroundings, its neighboring infrastructure, access to the construction site, its organization, and the requirements of the investor or local authorities. On the example of leading Polish construction companies (belonging, in fact, to leading European companies), the article points to the challenges associated with implementing process management in construction companies. The unique character of each investment, their ever-changing conditions, and the concurrent complexity of the executed business processes require the companies to search for new methods of modeling and implementing process management. This requires an approach to process modeling, in which the fundamental goal is no longer the search for or the implementation of a single “ideal process.” The aim of the research was to find principles of practical process design; ones which would enable the adaptation of processes to the requirements of specific contracts in a transparent and workable manner. The article will showcase different attempts at overcoming these challenges, as well as point to the similarities between the prepared solutions, which account for the use of process management in accordance with the concept of dynamic BPM and alongside knowledge management from the onset of the modeling phase. The proposed solution uses the most popular BPMN 2.0 notation standard to model processes, which means that it can be used in standard implementations of process management.
- Price: 4.50 €
THE USE OF A BUSINESS MODEL IN DESIGNING AND OPERATIONALIZING PROCESSES
THE USE OF A BUSINESS MODEL IN DESIGNING AND OPERATIONALIZING PROCESSES
(THE USE OF A BUSINESS MODEL IN DESIGNING AND OPERATIONALIZING PROCESSES)
- Author(s):Anna Ujwary-Gil, Natalia Potoczek
- Language:English
- Subject(s):Business Economy / Management, Civil Society, Socio-Economic Research
- Page Range:41-56
- No. of Pages:16
- Keywords:business model; business process management; BPM; value; customers; research; operationalization
- Summary/Abstract:The operationalization of a business model in particular areas requires the application of appropriate management concepts and methods. One of such concepts is Business Process Management (BPM), founded on an assumption of complex management of an organization aimed at providing value to customers. Simultaneously, designing a process-based organization calls for a proper understanding of the business model of an organization, its key elements and mutual relations appearing in the model. This paper demonstrates the relationships between a business model and process management, as well as the usefulness of the BPM concept in developing a business model.
- Price: 4.50 €
SIGNALLING CHANGES IN THE BUSINESS ENVIRONMENT IN THE INFOLOGICAL PERSPECTIVE. THE SIGNIFICANCE OF THE „WEAK SIGNALS” CONCEPT
SIGNALLING CHANGES IN THE BUSINESS ENVIRONMENT IN THE INFOLOGICAL PERSPECTIVE. THE SIGNIFICANCE OF THE „WEAK SIGNALS” CONCEPT
(SIGNALLING CHANGES IN THE BUSINESS ENVIRONMENT IN THE INFOLOGICAL PERSPECTIVE. THE SIGNIFICANCE OF THE „WEAK SIGNALS” CONCEPT)
- Author(s):Janusz Bąk
- Language:English
- Subject(s):Business Economy / Management
- Page Range:57-68
- No. of Pages:12
- Keywords:signaling changes; weak signal; infological perspective; environmental analysis
- Summary/Abstract:Information and decision-making processes implemented in organizations moderate relations between the organization and its environment. The organization has a possibility to anticipate the states of objects owing to the ability to receive signals and interpret them correctly. The subject of the paper is the problem of signaling changes in the business environment by (weak) signals, presented in the infological perspective which distinguishes the level of potential information attributed to an object, and active information attributed to the user. The aim of the paper is to show a problem which is cognitively interesting and still very poorly recognized empirically, namely the course and the conditionings of the effectiveness of the processes of perception and interpretation of (weak) signals about changes in the business environment.
- Price: 4.50 €
RESISTANCE TO RESTRUCTURING CHANGES IN COMPANIES WHOLLY OWNED BY THE STATE TREASURY
RESISTANCE TO RESTRUCTURING CHANGES IN COMPANIES WHOLLY OWNED BY THE STATE TREASURY
(RESISTANCE TO RESTRUCTURING CHANGES IN COMPANIES WHOLLY OWNED BY THE STATE TREASURY)
- Author(s):Jerzy Choroszczak
- Language:English
- Subject(s):National Economy, Business Economy / Management
- Page Range:69-84
- No. of Pages:16
- Keywords:resistance to changes; restructuring changes; companies wholly owned by the State Treasure
- Summary/Abstract:This paper shows the crucial problem of the resistance to restructuring changes in companies wholly owned by the State Treasure. The primary goal of the author was to identify the causes and consequences of resistance to change in these companies wholly owned by the State Treasure. The following paper presents results of the research conducted by the author in a large corporation wholly owned by the State Treasury.
- Price: 4.50 €
HOW VIRTUAL ARE VIRTUAL TEAMS? REVIEW OF SELECTED DEFINITIONS AND MEASUREMENTS OF THE VIRTUALITY
HOW VIRTUAL ARE VIRTUAL TEAMS? REVIEW OF SELECTED DEFINITIONS AND MEASUREMENTS OF THE VIRTUALITY
(HOW VIRTUAL ARE VIRTUAL TEAMS? REVIEW OF SELECTED DEFINITIONS AND MEASUREMENTS OF THE VIRTUALITY)
- Author(s):Magda Ferretti
- Language:English
- Subject(s):Business Economy / Management, Civil Society
- Page Range:87-106
- No. of Pages:20
- Keywords:virtual team; virtuality; virtualness; dispersed teams; team
- Summary/Abstract:People nowadays very often work from home or different business sites and can build teams of individuals based in many different locations, sometimes continents apart that have never met each other face to face but cooperate thanks to communication technologies. Such teams are known as virtual teams. It is rare to meet the teams that are not virtual at least to some extent (Kirkman & Mathieu, 2005). What is surprising is the fact that there is no agreement among researchers on how to define virtuality nor how to measure it. Because the phenomenon of virtual teams is very promising from both practical and theoretical perspectives, the aims of this article are following: to compare definitions of virtual teams, to check how virtuality was measured in selected empirical studies. Also, to present results of my empirical research on 206 individuals with two different measures of virtuality (distance between team members and a number of face-to-face meetings). In conclusions, virtuality as a feature of any team is presented, and researchers are encouraged to include virtuality dimension in the wider research on the teams.
- Price: 4.50 €
COMPARATIVE ANALYSIS OF INSTRUMENTS USED TO MODIFY TEMPLATES IN CONTENT MANAGEMENT SYSTEMS
COMPARATIVE ANALYSIS OF INSTRUMENTS USED TO MODIFY TEMPLATES IN CONTENT MANAGEMENT SYSTEMS
(COMPARATIVE ANALYSIS OF INSTRUMENTS USED TO MODIFY TEMPLATES IN CONTENT MANAGEMENT SYSTEMS)
- Author(s):Wojciech Wójtowicz
- Language:English
- Subject(s):Business Economy / Management
- Page Range:107-118
- No. of Pages:12
- Keywords:Content Management System; templates; Cascading Style Sheets; websites
- Summary/Abstract:Contemporary websites become the primary, and often the only communication tool for the majority of enterprises and organizations. However, they require frequent updating of content. In such cases, content management systems (CMSes) become a dedicated solution. Due to the large offer of commercial and non-commercial CMS solutions, making the right decision is strictly connected with the costs generated by the said systems. Templates, which define the layout of a website, are a crucial element of every content management system. The following paper attempts to answer the questions whether templates can be modified by using the publicly available tools without the necessity to involve IT specialists and, consequently, incurring additional costs of making such changes.
- Price: 4.50 €
MANAGERIAL TOOLS’ INFLUENCE ON A PLANNING PROCESS. RESULTS OF THE EXPERIMENT
MANAGERIAL TOOLS’ INFLUENCE ON A PLANNING PROCESS. RESULTS OF THE EXPERIMENT
(MANAGERIAL TOOLS’ INFLUENCE ON A PLANNING PROCESS. RESULTS OF THE EXPERIMENT)
- Author(s):Olaf Flak, Kinga Hoffmann-Burdzińska
- Language:English
- Subject(s):Business Economy / Management
- Page Range:119-138
- No. of Pages:20
- Keywords:project planning; managerial tool; management technique; system of organizational terms
- Summary/Abstract:The main aim of the paper is to present the results of the experiment on the impact of management tools for the process of planning. It includes the theoretical foundations on the work of a manager using organizational techniques with the use of management tools to solve an organizational problem. Presented theoretical foundations are an introduction to test hypotheses which were verified with quantitative and qualitative data of an experiment in conjunction with non-participant observation. Analysis of these data enabled the authors to claim that the characteristics of managerial tools affect both the course of the organizational techniques, as well as the content of the solutions for the organizational problem.
- Price: 4.50 €
„MYSTERY SHOPPER” IN ANALYSING SERVICE QUALITY LEVEL AND SERVICE PROVISION PROCESSES IN THE HOTEL INDUSTRY IN POLAND
„MYSTERY SHOPPER” IN ANALYSING SERVICE QUALITY LEVEL AND SERVICE PROVISION PROCESSES IN THE HOTEL INDUSTRY IN POLAND
(„MYSTERY SHOPPER” IN ANALYSING SERVICE QUALITY LEVEL AND SERVICE PROVISION PROCESSES IN THE HOTEL INDUSTRY IN POLAND)
- Author(s):Robert Węglarz, Mieczysław Morawski
- Language:English
- Subject(s):Business Economy / Management
- Page Range:139-151
- No. of Pages:13
- Keywords:audit; competition; mystery shopper; service quality; hospitality; service provision process; hotel staff
- Summary/Abstract:The article presents the usefulness of an audit Mystery Shopper tool in analyzing the level of hospitality service quality in the hotel industry. The authors also demonstrate the validity and need to verify the quality of service processes using the aforementioned tools in the context of increasing competition, escalating customer expectations and challenges of the job market. The article also describes the results of conducted studies using an audit method, which emphasizes its importance and credibility as the tool for measuring service quality.
- Price: 4.50 €
WHY METALLICA CHANGED MUSIC WORLD. EFFECTUATION PERSPECTIVE
WHY METALLICA CHANGED MUSIC WORLD. EFFECTUATION PERSPECTIVE
(WHY METALLICA CHANGED MUSIC WORLD.
EFFECTUATION PERSPECTIVE)
- Author(s):Erno Salmela
- Language:English
- Subject(s):Music, Sociology of Art
- Page Range:153-171
- No. of Pages:19
- Keywords:effectuation; entrepreneurship; Metallica; effectual logic; market creation; renewal; thrash metal; music industry; heavy metal
- Summary/Abstract:The purpose of this article is to understand the underlying factors why Metallica was capable of creating radical changes in the music industry and conquering the world. Metallica´s history is examined during the period of 1981-1991 when Metallica advanced from a garage band into one of the world’s biggest bands. Metallica also played a remarkable role in the generation of new thrash metal genre. The effectuation theory is utilized in analyzing how this happened. This study provides knowledge on what is needed in creating this kind of success and progress. Prior to this, the effectuation theory has not been connected to the operations of any band or even other artists.
- Price: 4.50 €
CONSIDERING DIFFERENCES IN ORGANISATIONAL CULTURE MAKES JOINT SCIENCE -BUSINESS PROJECTS SUCCESSFUL
CONSIDERING DIFFERENCES IN ORGANISATIONAL CULTURE MAKES JOINT SCIENCE -BUSINESS PROJECTS SUCCESSFUL
(CONSIDERING DIFFERENCES IN ORGANISATIONAL CULTURE MAKES JOINT SCIENCE -BUSINESS PROJECTS SUCCESSFUL)
- Author(s):Joanna Wójcik Bubała
- Language:English
- Subject(s):Business Economy / Management
- Page Range:173-182
- No. of Pages:10
- Keywords:project management; academia-business collaboration; science-business collaboration; science-industry collaboration; success factors
- Summary/Abstract:R&D projects performed by the joint academia- business teams, become more popular. Both, academia and business have different organizational culture and different motivation to join the projects. The diffusion between the cultures is reasonable and brings significant benefits as well to the academia as to the business. In this article the following thesis is formulated: there are cultural differences between academia and business that significantly influence the success of the joint projects. Those differences should be taken into consideration while managing the projects and additional activities should be applied to ensure the project success. The article formulates the thesis, which the present cultural differences between science and business environments have significant influence at the further long-term cooperation. To confirm or negation the thesis the additional research and analysis are required. The project managers of jointly delivered projects should consider the differences in organizational culture of both science and business environments, and apply extra effort to ensure project success. Based on the theoretical analysis the success factors are defined. The good practices of the earlier projects are pointed out. The article proposes the inclusion of activities into the PMI project management to unify the project culture.
- Price: 4.50 €
OPTIONS FOR FINANCING ECO-INNOVATION AVAILABLE TO ENTERPRISES
OPTIONS FOR FINANCING ECO-INNOVATION AVAILABLE TO ENTERPRISES
(OPTIONS FOR FINANCING ECO-INNOVATION AVAILABLE TO ENTERPRISES)
- Author(s):Aleksandra Szulczewska-Remi, Zenon Foltynowicz
- Language:English
- Subject(s):Business Economy / Management, Energy and Environmental Studies
- Page Range:185-202
- No. of Pages:18
- Keywords:financing of eco-innovation; EU funds; venture capital; eco-innovation
- Summary/Abstract:Any enterprises seeking to adopt eco-innovative solutions aimed at lowering their adverse environmental impacts and protecting natural resources face a high-cost barrier. The barrier precisely is the difficulty that plagues Polish businesses, which commonly suffer from insufficient internal funding and problems accessing external financing. Written in an environment in which new financial instruments, such as venture capital funds operating as public-private partnerships, are now emerging, the publication seeks to describe the latest instruments for financing eco-innovation focused on environmental aspects of furthering the sustainable development of enterprises. The study relies on the critical analysis and synthesis of scientific literature and key Polish and EU documents. Also presented are eco-innovation funding opportunities available to Polish enterprises.
- Price: 4.50 €
BEHAVIORAL FINANCE – THE MANAGER'S PAY AND THE INCREASE IN THE VALUE OF A COMPANY
BEHAVIORAL FINANCE – THE MANAGER'S PAY AND THE INCREASE IN THE VALUE OF A COMPANY
(BEHAVIORAL FINANCE – THE MANAGER'S PAY AND THE INCREASE IN THE VALUE OF A COMPANY)
- Author(s):Ewelina Niedzielska
- Language:English
- Subject(s):Business Economy / Management
- Page Range:203-217
- No. of Pages:15
- Keywords:the structure of remuneration; behavioral finance; prospect theory; behavioral corporate finance; behavioral paradigm
- Summary/Abstract:This article analyses the influence of the compensation model on the managers' actions, which is related to the increase in the value of companies in the long term. The aim, however, is to highlight the need to consider also behavioral paradigm by researchers and shareholders. The following paper presents both a prospect theory proposed by Daniel Kahneman and Amos Tversky and possible application of this approach to the analysis of the managerial pay, as well as a review of research into this field carried out in recent years.
- Price: 4.50 €
FINANCING THE COMPANY WITH PRIVATE EQUITY/VENTURE CAPITAL FUNDS
FINANCING THE COMPANY WITH PRIVATE EQUITY/VENTURE CAPITAL FUNDS
(FINANCING THE COMPANY WITH PRIVATE EQUITY/VENTURE CAPITAL FUNDS)
- Author(s):Agnieszka Mazurek-Czarnecka
- Language:English
- Subject(s):Business Economy / Management, Financial Markets
- Page Range:219-232
- No. of Pages:14
- Keywords:financing the company; private equity; venture capital; venture capital funds
- Summary/Abstract:The following paper is concerned with the sources of funding companies that finance on their own thanks to the involvement of some external shares from venture capital funds. The aim of the paper is to present private equity/venture capital funds in financing the company.
- Price: 4.50 €
EXTERNAL COSTS OF CRUISING FOR UNOCCUPIED PARKING SPACE
EXTERNAL COSTS OF CRUISING FOR UNOCCUPIED PARKING SPACE
(EXTERNAL COSTS OF CRUISING FOR UNOCCUPIED PARKING SPACE)
- Author(s):Krzysztof Drabek
- Language:English
- Subject(s):National Economy, Rural and urban sociology
- Page Range:233-247
- No. of Pages:15
- Keywords:congestion; external costs; parking; cruising
- Summary/Abstract:For several years, in connection with the development of city infrastructure, a gradual increase in the number of vehicles on the road is observed in Poland and the entire Europe. Governments need to solve the problems associated with the phenomenon of urban congestion and general overcrowding of city centers. Congestion can arise from many reasons. One of them is an irrelevant supply of parking space. The situation causes drivers to cruise for parking space, which generates a variety of costs. This article takes up the issue of identifying costs resulting from this phenomenon. The main aim of the article is to answer the question: what costs arise as a result of drivers cruising in search for parking space? The article attempts to develop a methodology for estimating these costs. Therefore, the results may be useful to local governments in making policy decisions concerning the public sector.
- Price: 4.50 €
THE COMPARISON OF FUNDS ALLOCATION UNDER THE REGIONAL OPERATIONAL PROGRAMMES IN 2007–2013 AND 2014–2020 PROGRAMMING PERIODS
THE COMPARISON OF FUNDS ALLOCATION UNDER THE REGIONAL OPERATIONAL PROGRAMMES IN 2007–2013 AND 2014–2020 PROGRAMMING PERIODS
(THE COMPARISON OF FUNDS ALLOCATION UNDER THE REGIONAL OPERATIONAL PROGRAMMES IN 2007–2013 AND 2014–2020 PROGRAMMING PERIODS)
- Author(s):Justyna Sokołowska-Woźniak, Dariusz Woźniak
- Language:English
- Subject(s):Financial Markets
- Page Range:251-267
- No. of Pages:17
- Keywords:intraregional policy; allocation; EU funds; regional operational programmes; cohesion policy
- Summary/Abstract:The Intraregional policy comprises actions taken by the regional self-government authorities and their agencies which influence the processes of socio-economic development taking place in the region. Due to the volume of funds involved, the Regional Operational Programmes (ROPs) can be regarded as the most important instrument of intraregional policy in Poland (in the programming period 2007-2013 voivodeships received 16,6 billion of Euro and in the current programming period 2014-2020 the planned allocation amounts to 31 billion Euro). The primary objective of this study is to characterize and compare the distribution of Polish voivodeships’ operational programmess funds in 2007-2013 and 2014-2020 programming periods for different categories of intervention to find out if any patterns of allocation exist. The results of this study will be used in further authors’ investigations concerning the degree of adequacy of voivodeships’ funds allocation to the needs and potentials of the region (smart specialization policy approach).
- Price: 4.50 €
THE IMPLEMENTATION OF EMIR (EUROPEAN MARKET INFRASTRUCTURE REGULATION) AND ITS INFLUENCE ON DERIVATIVES MARKET IN POLAND IN 2010–2014
THE IMPLEMENTATION OF EMIR (EUROPEAN MARKET INFRASTRUCTURE REGULATION) AND ITS INFLUENCE ON DERIVATIVES MARKET IN POLAND IN 2010–2014
(THE IMPLEMENTATION OF EMIR (EUROPEAN MARKET INFRASTRUCTURE REGULATION) AND ITS INFLUENCE ON DERIVATIVES MARKET IN POLAND IN 2010–2014)
- Author(s):Karolina Antosik
- Language:English
- Subject(s):Business Economy / Management, Financial Markets
- Page Range:269-283
- No. of Pages:15
- Keywords:derivatives; OTC; CCP; Dodd Frank; EMIR
- Summary/Abstract:The article presents the analysis of the changes of derivates market structure in Poland before and after the implementation of regulations on OTC derivatives market, which was imposed in EU by EMIR (European Market Infrastructure Regulations). That was implemented by EU Parliament and EU Council ordinance No. 648/2012 dated on the 4th of July 2012, on the derivatives being the subjects of trade outside of the regulated market, central counterparties and transactions repository. The article describes the origin of the world financial crisis in 2008 as well as regulations which were published 2010-2012 in USA and EU aiming to reduce the possibility of critical situations occurrence in following years. Furthermore, Poland’s most popular OTC derivatives and local derivatives regulations have been characterized in the paper. The assessment of introducing in 2012 regulations on OTC and its value structure has been performed.
- Price: 4.50 €
IMPACT OF EU FUNDS ON FINANCIAL AUTONOMY OF THE KRAKOW MUNICIPALITY IN THE YEARS 2007–2013
IMPACT OF EU FUNDS ON FINANCIAL AUTONOMY OF THE KRAKOW MUNICIPALITY IN THE YEARS 2007–2013
(IMPACT OF EU FUNDS ON FINANCIAL AUTONOMY OF THE KRAKOW MUNICIPALITY IN THE YEARS 2007–2013)
- Author(s):Karolina Szczepaniak
- Language:English
- Subject(s):National Economy, Public Finances
- Page Range:285-299
- No. of Pages:15
- Keywords:financial autonomy; EU funds; indebtedness of municipalities; Krakow capital expenditure
- Summary/Abstract:Joining the European Union by Poland made it possible for municipalities to acquire resources from the EU funds in order to finance its current and capital expenditure. The objective of this article is to present the impact of the EU funds on financial autonomy of the Krakow municipality in the years 2007-2013. However, the impact of revenues from the EU funds on the municipality’s financial economy is twofold. On one hand, the revenues from the EU funds improve its financial autonomy, by supplementing the shortage of own resources, on the other hand, to be granted subsidy from EU funds the municipality is required to provide its own contribution, thus increasing its debt. This article notes the need to strengthen the mechanism of self-governance and responsibility in the management of municipality’s property in the face of tightening the principles concerning the level of permitted debt of municipalities and the need to assure continuous investment policy.
- Price: 4.50 €