EMAN 2019 / 3 – Economics &amp; Management: How to Cope with Disrupted Times - CONFERENCE PROCEEDINGS

USE OF INFORMATION AND COMMUNICATION TECHNOLOGIES IN HOTELS

USE OF INFORMATION AND COMMUNICATION TECHNOLOGIES IN HOTELS
(USE OF INFORMATION AND COMMUNICATION TECHNOLOGIES IN HOTELS)

Author(s):Tugay Arat
Language:English
Subject(s):Tourism, ICT Information and Communications Technologies
Page Range:1-6
No. of Pages:6
Keywords:Information;Communication Technologies;Tourism;
Summary/Abstract:Development in information and communication technologies have caused great changes in the tourism sector. This development has increased competition in the tourism sector and has taken it out of the regional dimension, and brought it into a global competitive environment. Information and communication technologies enable businesses to be more effective and productive, and to improve quality at a lower cost. Information and communication technologies provide competitive advantage to tourism enterprises in introducing, distributing and bringing tourist products to the market. Tourism companies need to follow innovations to be one step ahead of their competitors and benefit from information and communication technologies as much as they can. Businesses operating in the tourism sector should carefully use the innovations and advantages provided by information technology. In the globalizing world, the increase in tourism demand due to the correct and effective use of information technology is very important for enterprises. This study aims to demonstrate the use of information technologies in the hotels of Konya which is one of the most important centers of religious tourism in Turkey.

LEADERSHIP SKILLS OF HOSPITALITY MANAGERS

LEADERSHIP SKILLS OF HOSPITALITY MANAGERS
(LEADERSHIP SKILLS OF HOSPITALITY MANAGERS)

Author(s):Réka Somlai
Language:English
Subject(s):Business Economy / Management, Human Resources in Economy
Page Range:7-16
No. of Pages:10
Keywords:leadership skills;inter- and intrapersonal skills;hospitality managers;self-awareness;
Summary/Abstract:The research is inspired to study personal skills of Spanish and Hungarian hospitality professionals in order to compare their actual leadership skills with their belief of the skills they possess. In this research, a complex competency test, ProfileXT® is applied in order to receive reliable data of the participants’ profiles. The test analyses the complete personality and gives reports regarding cognitive capacity and strategies of thinking, behavioral traits, and fields of interests. Participants’ profiles include information about skills, what determines the effective behavior of a leader. The test among other information, examines communication skills, conflict resolution style, energy level, sociability, manageability, decisiveness, independence and objective judgement. The results are based on the competency profiles and a questionnaire which includes questions about the above-mentioned skills and participants indicate how successfully apply them at their job from their point of view. The Spanish and Hungarian manager profile differs in various aspects. Spanish respondents tend to follow fewer rules and require more independency. Hungarians are rather compromise in conflicts; Spaniards are less cooperative and more dominant. Spanish managers are more intuitive and emotional driven, while Hungarians are being more realistic. Hungarians are able to make more stable decisions, but at the slower pace than Spaniards. Comparing the profiles and the participant’s beliefs about their abilities, both groups gave higher scores for themselves than their profiles results. The tendency is even more significant at the Spanish sample. These results can be a base of developmental trainings or coaching sessions for each group. Furthermore, soft skills are very important in leadership, therefore developing them could be a focus point even before a leader gets promoted. These findings and other professional results suggest that skill development should start even at university and collage levels, than should also continue during each professional’s career path.

ZLOUPOTREBA SLUŽBENOG POLOŽAJA I OVLAŠĆENJA U PRAVU REPUBLIKE SRPSKE

ZLOUPOTREBA SLUŽBENOG POLOŽAJA I OVLAŠĆENJA U PRAVU REPUBLIKE SRPSKE
(ABUSE OF OFFICIAL POSITION AND AUTHORITIES IN THE LAW OF REPUBLIKA SRPSKA)

Author(s):Miodrag N. Simović, Vladimir M. Simović, Dragan Jovašević
Language:Bosnian, Serbian
Subject(s):Civil Law, Business Ethics
Page Range:17-29
No. of Pages:13
Keywords:službena dužnost;zakon;krivično djelo;zloupotreba;službeno lice;odgovornost;kazna;
Summary/Abstract:Legal, high-quality, efficient and purposeful behavior of officials and responsible persons in state bodies and legal entities in the performance of their entrusted public powers and official duties is the basis and guarantee for the functioning of public services and state bodies in general. From ancient times to the present day, there have been individuals and groups who, instead of working in the interest and on behalf of state bodies and public services on whose behalf they act, violated the rules of the service and thus committed abuses of various kinds. Abuse of official position or authority is a basic criminal offense against official duty for which a strict prison sentence is prescribed. The offense occurs in the form of abuse of official position or authority, in exceeding the limits of official authority or in failure to perform official duty. Depending on the intention of the perpetrator and the type of consequence caused, this criminal offense appears in three basic forms. The paper discusses the concept, elements, characteristics and forms of abuse of official position and authority. as the basic official criminal offense in the legal system of the Republic of Srpska.

THE ROLE OF THE ACADEMIC LIBRARIANSHIP IN THE ECONOMIC DEVELOPMENT: EXPERIENCE FROM SERBIA ON THE THRESHOLD OF 2020

THE ROLE OF THE ACADEMIC LIBRARIANSHIP IN THE ECONOMIC DEVELOPMENT: EXPERIENCE FROM SERBIA ON THE THRESHOLD OF 2020
(THE ROLE OF THE ACADEMIC LIBRARIANSHIP IN THE ECONOMIC DEVELOPMENT: EXPERIENCE FROM SERBIA ON THE THRESHOLD OF 2020)

Author(s):Vesna Župan
Language:English
Subject(s):Human Resources in Economy, Socio-Economic Research
Page Range:31-39
No. of Pages:9
Keywords:economic development;Serbia;academic librarianship;globalization;Information Society;
Summary/Abstract:Library materials on the economic development are available in different forms to potential readers. The scope of this paper is to explain the organization of knowledge on the economic development in Serbian academic librarianship. It is due to this paper that potential library users will receive an insight into the e-resources of professional and scientific information on the economic development which are available in Serbian academic librarianship. Its nature is the international one because it is included into the process of globalization through the creating and promoting its freely available data bases. Except that, it is internationalized long time ago because it contains those library materials which can be borrowed from abroad. In addition, the central university library in Belgrade implements international standards in cataloguing and classification of library materials. This paper concentrates on those academic libraries in Serbia which are included into COBISS (Cooperative On-line Bibliographic System & Services). Many academic libraries in Serbia are included into this system. It is due to this fact that a cumulative e-catalogue exists. All these libraries contribute to its content by their regular work in the domain of acquisition, cataloguing and classification of library materials. The method used in this paper is the empirical one with the statistical access to the indispensable data which are the result of retrieving data bases, having in mind the problems of the economic development. It is on the threshold of the next decade that open repositories become more and more developed. Professional as well as scientific knowledge on the economic development becomes closer and closer to the readers from all the world. The border between a rural environment and the urban zone is surpassed long time ago by those readers who have technical skills for the efficient retrievals of data bases.

HUMAN FACTOR AND METHODS OF GOVERNMENT AND BUSINESS MANAGEMENT

HUMAN FACTOR AND METHODS OF GOVERNMENT AND BUSINESS MANAGEMENT
(HUMAN FACTOR AND METHODS OF GOVERNMENT AND BUSINESS MANAGEMENT)

Author(s):Nadya Ivanova Marinova
Language:English
Subject(s):Business Economy / Management, Human Resources in Economy
Page Range:41-48
No. of Pages:8
Keywords:Methods of management;business;regulation;government;
Summary/Abstract:Effective government is built on the active use of the types of management methods. There is also a positive effect from their application in business regulation. Different methods are applicable in all stages and stages of management. The methods are interrelated and interact, so in different situations one method can take notice and the rest assume a secondary supporting role. State and business management is related to the management of many people. A person’s invoice is bound by a number of exceptions, which in turn categorizes and differentiates the methods of managing people from the general set of management methods.

THE FRANCHISE AGREEMENT TERMINATION WITH JUSTIFIED REASONS

THE FRANCHISE AGREEMENT TERMINATION WITH JUSTIFIED REASONS
(THE FRANCHISE AGREEMENT TERMINATION WITH JUSTIFIED REASONS)

Author(s):Ayşe Arat
Language:English
Subject(s):Business Economy / Management
Page Range:49-58
No. of Pages:10
Keywords:franchise;agreement termination;justified reasons;
Summary/Abstract:Nowadays, developing commercial life has led companies to develop new methods to enter new markets and meet the expectations of consumers. One of these methods is the franchise system. The system first became popular in the United Kingdom and then in the US and other countries. Franchise agreements generally do not have a legal regulation in the countries where this system is applied. The contracts between the parties form the legal relationship. Within the framework of this relationship, franchisee takes advantage of the brand’s recognition, competitiveness, marketing and advertising advantages. The franchiser has the opportunity to transport the product of the same standard to a wider marketing network with low cost and speed. Franchise agreement creates a continuous obligation relationship between the parties. Therefore, the emergence of justified reasons may result in the termination of the contract. The parties may have arranged the reasons for the termination of the agreement between them. Even if no arrangement is made, the nature of the relationship may justify the reason for such an end. Because the franchise agreement establishes a relationship of trust between the parties and the damage of this relationship may make the contract irresistible. In our study, first of all, general information about the legal nature of the contract and the rights and obligations of the parties is given. Then, the conditions for the termination of the justification were evaluated and it was discussed how the situations could lead to this.

POLITICAL CULTURE OF THE REPUBLIC OF SERBIA AS A BASIS OF THE STABILITY OF THE POLITICAL SYSTEM

POLITICAL CULTURE OF THE REPUBLIC OF SERBIA AS A BASIS OF THE STABILITY OF THE POLITICAL SYSTEM
(POLITICAL CULTURE OF THE REPUBLIC OF SERBIA AS A BASIS OF THE STABILITY OF THE POLITICAL SYSTEM)

Author(s):Andrija Blanuša, Slobodan Petrović
Language:English
Subject(s):Micro-Economics, Governance, Public Administration
Page Range:59-62
No. of Pages:4
Keywords:culture;politics;states;stability;political culture;Serbia;
Summary/Abstract:The definition of culture, as well as the notion of political culture and its influence, has a broad interpretation. Especially since culture is considered to be a general concept that represents a set of individuals’ behaviors, a set of moral principles, customs, and actions in one community. From a different perspective, it can be interpreted differently, but, as a political culture, it represents a set of all that can affect political institutions and institutions and give synergy between decision-makers and citizens. In this paper will be analyzed the cultural development of the states of Serbia as well as the vital factors that create a picture of the political culture of a state.

LOGISTIČKI UPRAVLJAČKI POTENCIJALI DINAMIČKE USPJEŠNOSTI POSLOVANJA PODUZEĆA

LOGISTIČKI UPRAVLJAČKI POTENCIJALI DINAMIČKE USPJEŠNOSTI POSLOVANJA PODUZEĆA
(LOGISTICS MANAGEMENT POTENTIALS OF COMPANY DYNAMIC SUCCESS)

Author(s):Luka Samaržija, Zdravko ZEKIĆ
Language:Croatian
Subject(s):Business Economy / Management, Transport / Logistics
Page Range:63-70
No. of Pages:8
Keywords:Logistički ljudski potencijali;logističke strategije;logistička tehnologija;logističko-podzetnička organizacijska kultura;logistički informacijsko komunikacijski sustav
Summary/Abstract:U recentnom poslovnom okruženju stalnih promjena poduzeće može uspješno poslovati samo postizanjem dinamičkog sklada djelovanja sukladno promjenama okoline. Menadžment treba primarno sistematizirati i izučavati njihov utjecaj na uspješnost poslovanja one čimbenike koji su pod njegovom izravnom kontrolom, na koje ima utjecaja i koje može prilagođavati zahtjevima okruženja sukladno zahtjevu dinamičke optimizacije poslovnih rezultata poduzeća. U ovom radu dijagnosticirani su temeljni čimbenici, odnosno bazne logističke upravljačke varijable – logističke strategije i ciljevi, tehnologije, ljudski potencijali, informacijsko-komunikacijski sustav i organizacijska kultura, koji mrežno organizacijski povezani sukladno i karakteristikama okruženja poduzeća, omogućuju najdjelotvornije procesno kombiniranje resursa sukladno potrebama tržišta i zahtjevima kontinuirane uspješnosti poslovanja poduzeća.

EVALUATION OF PUBLIC SUPPORT PROGRAMMES IN FINANCING OF SMALL AND MEDIUM – SIZED ENTERPRISES

EVALUATION OF PUBLIC SUPPORT PROGRAMMES IN FINANCING OF SMALL AND MEDIUM – SIZED ENTERPRISES
(EVALUATION OF PUBLIC SUPPORT PROGRAMMES IN FINANCING OF SMALL AND MEDIUM – SIZED ENTERPRISES)

Author(s):Katarína Belanová
Language:English
Subject(s):Business Economy / Management, Economic policy
Page Range:71-76
No. of Pages:6
Keywords:Small and medium – sized enterprises;public support programmes;bank loans;
Summary/Abstract:Small and medium-sized enterprises are a key segment of the business sector in Slovakia, as well as the backbone of the economy and the basis for the country’s competitiveness. A favorable business environment and the provision of appropriate forms of support is an important prerequisite for the successful development of small and medium-sized enterprises because they usually have limited financial sources and significantly higher sensitivity to the existence of different barriers in business compared to large enterprises. Under the conditions of Slovakia, a number of support measures have been implemented, which direct or indirect aim is to support small and medium-sized enterprises. The aim of the article is to evaluate support programmes for SMEs in the SR and to propose measures to improve the support system.

MENADŽERSKA MREŽA I STILOVI LIDERSTVA NA PRIMJERU BANKARSKOG SEKTORA CRNE GORE

MENADŽERSKA MREŽA I STILOVI LIDERSTVA NA PRIMJERU BANKARSKOG SEKTORA CRNE GORE
(MANAGEMENT NETWORK AND STYLES OF LEADERSHIP ON THE EXAMPLE OF THE BANKING SECTOR OF MONTENEGRO)

Author(s):Milica Raičević, Dijana Medenica Mitrović
Language:Serbian
Subject(s):Business Economy / Management, Human Resources in Economy, Socio-Economic Research
Page Range:77-83
No. of Pages:7
Keywords:management network;leadership styles;banking sector;
Summary/Abstract:Uspješan menadžer treba da procijeni koji pristup prema zaposlenima poboljšava kako kvalitet međusobnih odnosa, tako i odnos zaposlenih prema postavljenim zadacima, što utiče na poslovni ambijent, kao jedan od faktora konkurentnosti. Predmet istraživanja je da se utvrdi da li su i u kojoj mjeri menadžeri usmjereni na zadatke, odnosno na međuljudske odnose, kao i da li se promjenio stil liderstva menadžera bankarskog sektora u dva posmatrana vremenska perioda. Cilj rada je da se kreira adekvatan pristup za unapređenje odnosa lider-sljedbenik, čime se utiče na poboljšanje poslovnog ambijenta, kao jednog od faktora za uspješno poslovanje. Za potrebe istraživanja podaci su prikupljeni anketnom metodom, putem posebno dizajniranog upitnika prilagođenog Menadžerskoj mreži i ocjeni stilova liderstva. Doprinos rada se ogleda u tome što se stiče uvid u dominantni tip stila liderstva menadžera u bankarskom sektoru, a dobijeni rezultati daju dobru osnovu za dalje praćenje i upoređivanje kako promjene stila liderstva, tako i njihovog uticaja na ukupni poslovni ambijent i ostvarivanje poslovnih rezultata.

BUSINESS TO CUSTOMER (B2C) E–COMMERCE IN EU AND REPUBLIC OF CROATIA

BUSINESS TO CUSTOMER (B2C) E–COMMERCE IN EU AND REPUBLIC OF CROATIA
(BUSINESS TO CUSTOMER (B2C) E–COMMERCE IN EU AND REPUBLIC OF CROATIA)

Author(s):Sandra Mrvica Mađarac, Marina Piroš
Language:English
Subject(s):Business Economy / Management, ICT Information and Communications Technologies
Page Range:85-95
No. of Pages:11
Keywords:Internet commerce;B2C e-trade;EU;Republic of Croatia;
Summary/Abstract:Internet commerce has experienced a major growth in the EU and Republic of Croatia during the last decades: it is a product of a digital age and because of its ease of use and low cost, it has become available to a large number of companies and individual buyers with a growing tendency.Internet commerce focuses on customer requirements, creates new business models, simplifies the sales-purchasing process, and as a result of globalization, provides a huge market. The EU has recognized the importance and profitability of the Internet trade, therefore is has adopted a legal framework, strategy and operational objectives for its further development. This paper presents and analyzes the growth of Internet commerce and its application in individual member states through the use of the Eurostat data. In this paper, we’ve approached to the concept and advantages of Internet commerce, and we’ve shown and analyzed the B2C e-trade in the EU and Republic of Croatia, i.e. its market segments and the behaviour of its consumers. The research results have shown the high growth of Internet commerce in the EU, prospects of further development, and a market segment that mostly have been using Internet commerce is the active and highly educated population.

WORK BASED LEARNING IN THE INTER-REGIONAL AREA BETWEEN SLOVENIA AND NORTH-EASTERN ITALY

WORK BASED LEARNING IN THE INTER-REGIONAL AREA BETWEEN SLOVENIA AND NORTH-EASTERN ITALY
(WORK BASED LEARNING IN THE INTER-REGIONAL AREA BETWEEN SLOVENIA AND NORTH-EASTERN ITALY)

Author(s):Mitja Stefancic
Language:English
Subject(s):Human Resources in Economy, Socio-Economic Research
Page Range:97-101
No. of Pages:5
Keywords:Work based learning;labour markets;education management;Slovenia;Italy;
Summary/Abstract:This paper aims to investigate the development of Work based learning (WBL) programmes in higher and professional education in Slovenia and Italy. Albeit challenging the wrong assumption that WBL is the solution to the problem of youth unemployment, the paper evaluates the opportunity to develop exchange programmes of education mobility between Slovenia and North-Eastern Italian regions (such as Friuli Venezia Giulia and Veneto). Similar economic environments and shared cultural values in the cross-border area should stimulate the development of such programmes, which may be beneficial to young students not only in terms of future economic benefits (e.g. better positioning within the labour market) but also in terms of rising multicultural awareness and active citizenship.

STRATEGIC CHANGE PROCESS IN PRACTICE: FOUR CASE STUDIES IN KOSOVO

STRATEGIC CHANGE PROCESS IN PRACTICE: FOUR CASE STUDIES IN KOSOVO
(STRATEGIC CHANGE PROCESS IN PRACTICE: FOUR CASE STUDIES IN KOSOVO)

Author(s):Diana Lekaj, Bardha Qirezi
Language:English
Subject(s):National Economy, Business Economy / Management
Page Range:103-115
No. of Pages:13
Keywords:strategy as practice;financial institutions Kosovo;strategic change;processes and practices;organizational context;
Summary/Abstract:This paper explores the process of organizational strategic change in four financial institutions in Kosovo. The study uses a ‘strategy as practice’ approach focusing on strategic change implementation processes and practices. It uses grounded theory approach (Charmaz, 2006) to examine the process of strategic change and to provide insights of change management from the practice perspective in Kosovo context. The study proposes 5 stages of change: experiencing crisis, diagnosing the organization, shaping change strategy, communicating change strategy, and implementing and stabilizing change. These phases are grounded in data and offer discussion on strategic change processes and insights on implementation process from management perspective.

TECHNOLOGY IN AN ERA OF GLOBALIZATION

TECHNOLOGY IN AN ERA OF GLOBALIZATION
(TECHNOLOGY IN AN ERA OF GLOBALIZATION)

Author(s):Irena Andreeska
Language:English
Subject(s):Supranational / Global Economy, ICT Information and Communications Technologies
Page Range:117-120
No. of Pages:4
Keywords:technology;science;globalization;poverty;integration;
Summary/Abstract:The professional public sees the globalization from different angles, moving within the boundaries of unconditional apologetics versus a sharp criticism of the process. Nevertheless, all definitions of globalization can be broken into the following constituent components: growing integration, world market and mobility. Despite the scientific and technological progress achieved so far, it is increasingly surprising that one billion people in the world live on the „edge of subsistence”, or millions of people on the earth are undernourished. This is particularly worrying, when it is more than clear that the number of poor people in the world has steadily increased. Members of the intellectual elite think that the new technological era that occurred in the 19th century led to key changes in the quality of life. But, whether and how much this data is supported, is actually the dilemma discussed in this paper. At the same time, the paper contains views on the impact of the growing technological development of the globalization process in underdeveloped countries, as well as the effects it produces.

THE PROFITABILITY OF WATER COMPANIES DURING TEN YEARS

THE PROFITABILITY OF WATER COMPANIES DURING TEN YEARS
(THE PROFITABILITY OF WATER COMPANIES DURING TEN YEARS)

Author(s):Felicetta Iovino
Language:English
Subject(s):Business Economy / Management, Energy and Environmental Studies
Page Range:121-128
No. of Pages:8
Keywords:Public services;Water;Profitability;Performance;Ratio;
Summary/Abstract:Water companies play a strategic role in the economy of each country and determine the sustainability of the related resources involved. It is therefore interesting to analyze the profitability of water companies, operating in particular during the sales phase, during a ten years period. The aim of this paper is to analyze the profitability of the aforementioned companies, to check how they have affected by the effects of the reforms of public services. To this end, data from the AIDA database relating to Italian companies in the sector were used. The profitability of these companies has been analyzed using the main profitability, ROA and ROE ratios. An analysis of the trends of these indices was carried out for the period 2008-2017 and an ANOVA oneway. In this way, it has been verified whether the reforms of public services have affected the profitability of water companies in Italy.

TEACHING MEDIATION BY MEANS OF AN ONLINE PLATFORM

TEACHING MEDIATION BY MEANS OF AN ONLINE PLATFORM
(TEACHING MEDIATION BY MEANS OF AN ONLINE PLATFORM)

Author(s):Nicole Grmelová
Language:English
Subject(s):Human Resources in Economy, ICT Information and Communications Technologies
Page Range:129-134
No. of Pages:6
Keywords:mediation;online study platform;teaching;ADR;negotiating techniques;methodological guidelines;
Summary/Abstract:The Czech Republic is a country with a high rate of litigation and a low rate of awareness about alternative dispute resolution (ADR) mechanisms. One of the ADR methods, largely promoted by the European Commission, is mediation. Mediation can be either voluntary or mandated by a law court. Citizens, businesses and judges alike are likely to make a wider use of mediation if they are familiar with how it works and take into account its holistic effects. Whereas a judgment delivered by a law court is likely to resolve a single dispute, a mediation processes can remedy a wide range of relations between business contacts in commercial issues, parents of children after divorce in family cases and neighbor nuisance to create a more amicable living environment in a community of people sharing a house. The aim of this paper is to introduce a new online study platform on mediation developed in the framework of an Erasmus+ strategic partnership of six EU Universities. The Online Study Mediation Platform is aimed at both teachers and students. It encourages its users to adopt an interactive approach towards teaching and learning mediation by engaging them in practicing mediation techniques and mock mediation in both, domestic and international settings on a variety of topics which may arise in day to day situations.The Online Study Mediation Platform provides for a set of useful tools which trigger a gradual development of negotiating techniques employed in mediation. It stresses the principles upon which the mediation process is based and makes reference to a number of other resources which can be used in class to balance theory and practice. One of the intellectual outputs offered by the online mediation platform consists in methodological guidelines for teaching mediation at Universities. Experience shows that teachers may be reluctant to teach mediation to their students if they lack quality background documents on how to approach and structure the teaching process. The methodological guidelines bridge these knowledge and experience gaps by proposing a clear, yet a flexible way of organizing an entire mediation course at a University level. The mediation toolbox also includes short theoretical videos, longer videos on mock mediation sessions on a number of topics, a best practices manual, assessment guidelines and most importantly, a platform to practice mock mediation online with University students across the entire Europe.

THE SUPPORT OF INTERNATIONAL INTEGRATIONS AND INSTITUTIONS

THE SUPPORT OF INTERNATIONAL INTEGRATIONS AND INSTITUTIONS
(THE SUPPORT OF INTERNATIONAL INTEGRATIONS AND INSTITUTIONS)

Author(s):Maja M. Vojinović
Language:English
Subject(s):Supranational / Global Economy
Page Range:135-139
No. of Pages:5
Keywords:integrations;institutions;regional;international;management;economy;EU;
Summary/Abstract:Nowadays there are different types of cooperation between sovereign states. The cause of any cooperation is globalization, which fosters international relations and contributes to their diversity. In order to talk about cooperation between countries on a global level, we must first start with one country and its region. From what kind of qualitative and quantitative relations it establishes with the countries in its region will depend the appearance on the global scene. In addition to bilateral and multilateral cooperation, there are institutionalized forms of economic, financial, technological, security and other types of cooperation between the regions of certain states (provinces, republics), the states within the formed regional economic integration (groupings), and the regional integration itself. The most prominent among all aspects of regional relations and cooperation are certainly economic relations. The emergence of numerous regional integrations has become a global trend. Therefore, we can conclude that the contemporary world economy is characterized by the process of globalization, that is, the process of economic integration and cooperation at the macro and micro level, on the basis of that greater international trade and interdependence of the economies of different countries. The modern history of European integration is related to the period after the Second World War when the ideas of European unity get their formal framework. However, the idea of European communion is much older, and there is almost no history of civilization since ancient times to date, which has no foundation in the existing concept of the European Union.

THEORY OF PUBLIC ADMINISTRATION MANAGEMENT – A RETROSPECTIVE VIEW

THEORY OF PUBLIC ADMINISTRATION MANAGEMENT – A RETROSPECTIVE VIEW
(THEORY OF PUBLIC ADMINISTRATION MANAGEMENT – A RETROSPECTIVE VIEW)

Author(s):Zdeněk Fiala, Olga Sovová
Language:English
Subject(s):Public Administration
Page Range:141-149
No. of Pages:9
Keywords:public administration;management;governance;theories;principles;
Summary/Abstract:Since the 1970s, especially in the 1990s, an increased interest in management and implementation of its knowledge in the environment of its performance has been seen within progressive public administration reforms. The cause of penetration of managerial approaches to public administration management lies in limited possibilities of public finances, especially taking into account the tasks of the social state, structural economic changes and internationalisation of public affairs. The reform processes are, in particular, aimed at reducing the bureaucratic burden on public administration and the transformation of social politics in line with the economic possibilities of a particular country. Pressure on these processes in public administration is increasing, of course, even with regard to socio-demographic changes resulting in ageing population and an increase in social spending. Within the reform and modernisation processes in public administration, it is therefore primarily important that the authorities of state administration and self-governance are equipped with better tools and get freer power to effectively perform their tasks whilst fully maintaining their responsibilities. The paper focuses at analysing the concept of good governance, respectively its individual determinants in particular time periods of social and legal development; it is also aimed at bringing to light the ideas of experts who have criticised the concept of the traditional model of public administration and who have emphasised the necessity to introduce management methods into public administration; on this basis it is focused on pointing out the relation of good governance and the modernisation of public administration.

MARKET, ORGANIZATION HIERARCHY AND NETWORK FORMS

MARKET, ORGANIZATION HIERARCHY AND NETWORK FORMS
(MARKET, ORGANIZATION HIERARCHY AND NETWORK FORMS)

Author(s):Aleksandra Cvetković, Darko Milošević, Miroslava Marić
Language:English
Subject(s):Business Economy / Management, Socio-Economic Research
Page Range:151-155
No. of Pages:5
Keywords:Market;Organization hierarchy;Network;Know-how;
Summary/Abstract:The purpose of this article is to analyze literature in the organizational behavior field. Powell (1990) contrast three modes of organization and stress the salient features of each – market, hierarchy, and network. The logic of network forms demonstrates how networks differ from other forms, illustrative examples of network arrangements in craft and high-technology industries, in regional economies, and in formerly vertically integrated fields. The aim is to develop a number of empirical arguments about the circumstances that encourage the growth of networks and allow them to proliferate. The paper concludes with conditions that encourage the growth of network forms of organization.

MODELLING THE INFLUENCE OF IT SUPPORT ON SUCCESS AT PUBLIC CALLS FOR PROJECT PROPOSALS

MODELLING THE INFLUENCE OF IT SUPPORT ON SUCCESS AT PUBLIC CALLS FOR PROJECT PROPOSALS
(MODELLING THE INFLUENCE OF IT SUPPORT ON SUCCESS AT PUBLIC CALLS FOR PROJECT PROPOSALS)

Author(s):Blaž Rodič
Language:English
Subject(s):ICT Information and Communications Technologies, Socio-Economic Research
Page Range:157-163
No. of Pages:7
Keywords:project management;EU funds;project proposals;public calls;success factors;IT support;
Summary/Abstract:Paper presents the study of factors affecting success at public calls for research and development project proposals on a sample of Slovenian small and micro, medium and large companies. First part of research involved gathering the data on company participation in public calls and quantitative analysis of data in order to identify the sample of companies most successful at public R&D calls. Second part of research utilized qualitative methods: interviews with companies in the sample, qualitative analysis of interviews, and formation of a grounded theory and a paradigmatic model, with the goal of identifying the role and impact of IT support and other factors that influence the success of companies in public tenders for co-financing of R&D projects. We have identified relevant IT support related factors and the additional factors of human resources. In the process we have developed a novel multicriteria model for evaluation of performance at public calls, which takes into account the funds acquired, the number of acquired projects, the ratio of public resources and funds from market activities, the number of employees. The results of our research are applicable in the theory of project management, sociological research on interplay of IT and society and have a potential impact in the design and management of public calls for project proposals and the approach to public calls for project proposals in companies.

PROCJENA EFIKASNOSTI VISOKOG OBRAZOVANJA U EU-28

PROCJENA EFIKASNOSTI VISOKOG OBRAZOVANJA U EU-28
(EFFICIENCY OF HIGHER EDUCATION IN THE EU-28: A COMPARATIVE ASSESSMENT)

Author(s):Maja Mihaljević Kosor, Ines Šimleša
Language:Croatian
Subject(s):Human Resources in Economy, Socio-Economic Research
Page Range:165-170
No. of Pages:5
Keywords:efikasnost;analiza omeđivanja podataka;visoko obrazovanje;javna potrošnja;EU-28;
Summary/Abstract:Glavni cilj ovog rada je istraživanje primjene koncepta efikasnosti u visokom obrazovanju i procjena efikasnosti javnog financiranja obrazovanja u EU-28. Visoko obrazovanje ima značajan utjecaj na razvoj društva i gospodarstva. Više od 19 milijuna studenata u 2016. godini pohađa nastavu na nekoj od visokoškolskih institucija u EU-28 i stoga je iznimno važno proučiti efikasnost tog sustava. U ovom istraživanju primijenjena je metoda omeđivanja podataka – Data Envelopment Analysis (DEA). DEA je neparametrijska metoda s linearnim programiranjem koja omogućava korištenje višestrukih inputa i outputa u procjeni efikasnosti. Na taj se način može rangirati zemlje prema ostvarenom koeficijentu efikasnosti visokog obrazovanja. Istraživanje je u ovom radu provedeno na panelu od 28 zemalja Europske Unije koristeći posljednje dostupne podatke za tri inputa (broj studenata, akademsko osoblje i javne izdatke na visoko obrazovanje po studentu) i dva outputa (broj diplomiranih studenata i zapošljivost). Pretpostavka je bila da je model izlazno usmjeren i s varijabilnim prinosima na opseg. Rezultati su pokazali da zemlje Europske Unije ostvaruju visoke koeficijente efikasnosti s 15 zemalja koje su ostvarile najviši koeficijent. Istraživanje je pokazalo i da zemlje koje više izdvajaju za visoko školstvo nemaju nužno viši koeficijent efikasnosti.

AUDITING INTEGRITY – THROUGH CHALLENGE TO ADDED VALUE

AUDITING INTEGRITY – THROUGH CHALLENGE TO ADDED VALUE
(AUDITING INTEGRITY – THROUGH CHALLENGE TO ADDED VALUE)

Author(s):Tamara Stojanović
Language:English
Subject(s):Business Economy / Management, Business Ethics, Socio-Economic Research
Page Range:171-183
No. of Pages:13
Keywords:Integrity;ethics;tone at the top;control environment (organizational culture);internal auditing;added value;
Summary/Abstract:The aim of this paper is to explain the essence and significance of integrity as an element of organizational culture (i.e. control/internal environment), but also the issues of auditing/assessment of integrity as ‚soft’ control. Since many academic and professional researches and case studies has shown that organizational integrity, or the lack of it, has multiple effects on the quality of overall corporate governance, including the integrity of financial reporting, internal control systems and risk management, it is not surprising that legislation and auditing standards have introduced the obligation of assessment and reporting on the control environment/organizational culture, including the ethics, integrity and tone at the top. Considering the mission of auditing profession (especially internal auditing), the first prerequisite in this context is to define ‚integrity’ because this definition represents the criterion for its effective assessment. However, the lack of general consensus on integrity definition is just one of many challenges auditors are facing. This paper shows that regular assessments of control environment and its elements, including the integrity, do contribute to its empowerment. Likewise, strong control environment, i.e. organizational culture, by itself, provides many different advantages resulting in overall business performance. This paper suggests that integrity carries real value, just like knowledge, technology, human, physical and social capital. Therefore, there are no formal controls that could replace or compensate for the lack of organizational integrity and auditing the integrity may create real added value.

MJERENJE RELATIVNE EFIKASNOSTI SVEUČILIŠTA U HRVATSKOJ

MJERENJE RELATIVNE EFIKASNOSTI SVEUČILIŠTA U HRVATSKOJ
(MEASURING THE RELATIVE EFFICIENCY OF CROATIAN UNIVERSITIES)

Author(s):Maja Mihaljević Kosor, Ivona Abramović
Language:Croatian
Subject(s):Higher Education , Socio-Economic Research
Page Range:185-191
No. of Pages:7
Keywords:efikasnost;javna sveučilišta;visokoškolske ustanove;Hrvatska;analiza omeđivanja podataka;
Summary/Abstract:U ovom se radu analizira i mjeri efikasnost javnih sveučilišta u Hrvatskoj na uzorku od 75 visokoškolskih institucija kroz dva vremenska razdoblja. Koristi se metoda omeđivanja podataka. Ovaj tip analize može pridonijeti identifikaciji pokazatelja koji utječu na efikasnost visokoškolskih institucija. Također omogućuje komparativnu analizu javnih sveučilišta i isticanje pozitivnih primjera. Autori su koristili pet inputa i jedan output u modelu. Model je izlazno orijentirani s varijabilnim prinosima na opseg. Rezultati pokazuju da je relativna efikasnost javnih visokoškolskih institucija u Hrvatskoj niska. Samo je oko 10% institucija potpuno efikasno dok je prosječna efikasnost javnih visokoškolskih institucija nešto veća od 50%. Rezultati su zabrinjavajući, ali trebaju se interpretirati s oprezom. Glavno ograničenje u analizi je vezano uz nedostatne i nedostupne podatke na razini visokoškolskog sustava. Primjerice, nema usporedivih podataka o financiranju svake pojedine visokoškolske institucije, nema podataka o zapošljavanju diplomiranih studenata ili o objavama i istraživanjima akademskog osoblja na institucijama. Sve te varijable imaju značajan utjecaj na efikasnost i formuliranje obrazovne politike. Nema usporedivih podataka ni za privatne visokoškolske institucije u Hrvatskoj tako da je usporedba efikasnosti privatnog i javnog visokog školstva, za sad, neizvediva.

EMPLOYEE’S PERFORMANCE AS A RESULT OF SATISFACTION, INNOVATION AND EMPOWERMENT BY MANAGERS

EMPLOYEE’S PERFORMANCE AS A RESULT OF SATISFACTION, INNOVATION AND EMPOWERMENT BY MANAGERS
(EMPLOYEE’S PERFORMANCE AS A RESULT OF SATISFACTION, INNOVATION AND EMPOWERMENT BY MANAGERS)

Author(s):Osman Sejfijaj, Ermira Shehu, Fatmir Memaj
Language:English
Subject(s):Business Economy / Management, Human Resources in Economy, Socio-Economic Research
Page Range:193-203
No. of Pages:11
Keywords:empowerment;attitudes;involvement;performance;satisfaction;
Summary/Abstract:This paper investigates the relationships between satisfaction, empowerment, innovation and employee performance. A number of studies prove that employee’s empowerment can be used to enhance and improve the organizational performance of the enterprise by involving employees in development processes, influencing satisfaction and innovation in its overall performance. These empirical studies have analyzed the direct effects of employee empowerment through satisfaction and innovation by supporting the mediating role of employee attitudes and management behaviors. This paper contributes to the literature on employee empowerment by proposing and testing the direct effect of employee empowerment on performance, as well as the effects mediated by job satisfaction and innovation influenced by Kosovo managers in changing dynamic and unsafe conditions. The empirical analysis relies on the data collected through the questionnaire in Kosovo public and private enterprises. The results support the structure of hypotheses presented. Empowering employees has a direct impact on performance through the impact of job satisfaction and innovation.

THE STAKEHOLDERS: A COMPARISON BETWEEN IAS/IFRS AND ITALIAN OIC STANDARDS FOR FINANCIAL REPORTING

THE STAKEHOLDERS: A COMPARISON BETWEEN IAS/IFRS AND ITALIAN OIC STANDARDS FOR FINANCIAL REPORTING
(THE STAKEHOLDERS: A COMPARISON BETWEEN IAS/IFRS AND ITALIAN OIC STANDARDS FOR FINANCIAL REPORTING)

Author(s):Annalisa Baldissera
Language:English
Subject(s):Financial Markets, Accounting - Business Administration
Page Range:205-210
No. of Pages:6
Keywords:stakeholders;financial reporting;accounting standards;
Summary/Abstract:The scope of this paper is to analyze – from a critical point of view – the financial statements, with particular regard to their main recipients and to their effective adequacy in satisfying the information needs of stakeholders. The paper aims to contribute to the current debate on the ability of financial reporting to be really useful and effective for stakeholders. It is important to note that in the last ten years the external information has increased considerably, moving from mere accounting and financial information towards several profiles, as sociality, environment, sustainability, corporate governance, risk policies and, more generally, non-financial data. This new direction highlights the growing need for information that the recipients of financial statements express, so that it is extremely important to verify if this need is really satisfied. In addition, given that the Italian accounting standards, settled by OIC (Italian Accounting Body), are very different from the International IAS/IFRS, the paper uses a comparative method, based on the reconstruction, for each of them: a) of the type of information provided; b) of the type of recipients to whom they are addressed. The comparison is made through the analysis of the conceptual framework of the two groups of principles, considering that the main difference between IAS/IFRS and OIC standards is that the former are mostly derived from practice and use a problem-solving approach, typical of Anglo-Saxon empiricism; while the latter are based on an opposite view, namely on the construction of an accounting theory aimed at guiding the practice. According to the majority doctrine, there is a typical and well-known difference between the two groups of principles: the IAS/IFRS standards are based on fair value and are mainly investor-oriented, while the OIC standards are based on historical cost and are mainly creditor-oriented. In addition to this distinction, the paper proposes a further one, based on the differentiation between informational effects and management effects. In particular, the accounting conservatism typical of prudent countries, like Italy, produces, above all, management effects due to the fact that it prevents the distribution of unrealized earnings, so protecting company’s capital. On the contrary, an opposite effect is produced by IAS/ IFRS, since the use of fair value can provoke the emersion of presumed but not effective profits, in some cases distributable.

INDEPENDENCE OF PUBLIC PROCUREMENT AUTHORITY

INDEPENDENCE OF PUBLIC PROCUREMENT AUTHORITY
(INDEPENDENCE OF PUBLIC PROCUREMENT AUTHORITY)

Author(s):Mária Patakyová
Language:English
Subject(s):Supranational / Global Economy, Public Administration, Public Finances
Page Range:211-215
No. of Pages:5
Keywords:Public procurement;Office for Public Procurement;Independence;De facto independence;
Summary/Abstract:Nowadays, many countries suffer from loss of confidence of their citizens. Huge protests are spread throughout many states even in the EU. The time has come to analyze the principles of good governance in order to make states trustworthy organizations again. This paper aims to contribute to the discussion by focusing on independence of state authorities. As public spending is often a cause of citizens’ dissatisfaction with governments, the independence of public procurement authorities shall be analyzed in particular. This paper deals with requirements for independence and applies them to a chosen public procurement authority, the Office for Public Procurement, which is the central authority for administration of public procurements in the Slovak Republic. Since there have been many affairs related to misspending of public resources, the de facto independence of the Office for Public Procurement can be questioned. Therefore, the paper puts forward the legal framework in which the Office for Public Procurement operates, and discusses its functioning in practice.

OTPREMA ROBE U REPUBLICI HRVATSKOJ PRIJE I POSLIJE ULASKA U EUROPSKU UNIJU

OTPREMA ROBE U REPUBLICI HRVATSKOJ PRIJE I POSLIJE ULASKA U EUROPSKU UNIJU
(SHIPPING OF GOODS IN THE REPUBLIC OF CROATIA BEFORE AND AFTER ENTRY INTO THE EUROPEAN UNION)

Author(s):Snježana Krejči, Helena Šlogar
Language:Croatian
Subject(s):National Economy, Micro-Economics, Transport / Logistics
Page Range:217-223
No. of Pages:7
Keywords:logistički sustav;poduzeće;izvoz;uvoz;otprema robe;skladište;
Summary/Abstract:Republika Hrvatska (HR) od 1. srpnja 2013. godine postala je 28. članica Europske unije i time se mijenjaju uvjeti obavljanja trgovine i transporta između poslovnih subjekata sa zemljama članicama Europske unije (EU). Svrha ovog rada je komparacija izvoza i otpreme robe od proizvodnje na lokaciji u Republici Hrvatskoj do skladištenja robe u drugoj zemlji Europske unije prije i poslije ulaska Republike Hrvatske u Europsku uniju. Unutar poslovne logistike transport je djelatnost kojom se omogućuje premještanje robe kroz distribucijski i logistički sustav do skladišta u drugoj zemlji EU. U skladu sa europskom i nacionalnom zakonskom regulativnom provodi se trgovina i sa trećim zemljama nečlanicama EU. Komparativna analiza u ovom radu pokazala je značajne promjene u otpremi robe nakon što je Republika Hrvatska postala članica EU. Carinska unija omogućava da se promet robe i usluga unutar Europske unije obavlja kao unutarnji promet zajednice.

ISTRAŽIVANJE ZADOVOLJSTVA PUTNIKA U ŽELJEZNIČKOM PROMETU REPUBLIKE HRVATSKE

ISTRAŽIVANJE ZADOVOLJSTVA PUTNIKA U ŽELJEZNIČKOM PROMETU REPUBLIKE HRVATSKE
(THE RESEARCH ON PASSENGER SATISFACTION IN THE RAILWAY TRAFFIC OF THE REPUBLIC OF CROATIA)

Author(s):Helena Šlogar
Language:Croatian
Subject(s):Tourism, Transport / Logistics
Page Range:225-230
No. of Pages:6
Keywords:passenger; pleasure; railway traffic; services;
Summary/Abstract:In the conditions of today's dynamic business environment, railway passenger traffic requires an analysis of passenger satisfaction in order to determine potential risks for business in the future. Also, they discovered potential p Hallovárilikes that can enable finding the optimal solution for the popularization of train transportation. The purpose of the paper is to show the satisfaction of passengers in railway passenger traffic in the Republic of Croatia. The research was conducted from December 2018 to February 2019 in the Republic of Croatia on a sample of 112 respondents based on the survey method. The results showed that there is a satisfaction of the respondents in respecting the preferences of passengers and their needs for rail transport services in the Republic of Croatia.

PERFORMANCE MANAGEMENT AND TRANSFORMATION OF HUMAN RESOURCES IN STATE-OWNED RAILWAY TRANSPORT OF SERBIA

PERFORMANCE MANAGEMENT AND TRANSFORMATION OF HUMAN RESOURCES IN STATE-OWNED RAILWAY TRANSPORT OF SERBIA
(PERFORMANCE MANAGEMENT AND TRANSFORMATION OF HUMAN RESOURCES IN STATE-OWNED RAILWAY TRANSPORT OF SERBIA)

Author(s):Vasko Vassilev, Predrag P. Jovanović
Language:English
Subject(s):Transport / Logistics
Page Range:231-241
No. of Pages:11
Keywords:HR transformation;performance management;digitalization;railway;
Summary/Abstract:The main objective of the study of performance management is to promote and improve the efficiency of employees. This is a continuous process in which managers and employees jointly plan the goals and contribution of everyone. The main management tools are related to identifying areas for improvement; identifying needs for personal and professional development; promoting good achievements. Performance appraisal is based on a predefined set of criteria described in this study. The study shows the existence of formally documented strategies and a clear need to raise awareness of the different hierarchical levels. The available level of communication with regard to the monitoring and evaluation systems used also shows that there is a need for improvement and intensification. At the central level, there is a claim that there is a labor assessment system, but the evaluation conditions and the criteria used are poorly transmitted at the next levels of government. Another important area is the assumption and allocation of responsibilities, which has not changed in recent years. The adequacy of the system to the external environment implies changes that are in line with the inevitable commercialization of Serbian railways. In order to record as-Is situation on Performance management, and to propose upgrade on the existing methodology of a continuous process of planning, monitoring and reviewing employee performance, a study was realized. The main objective was to provide sufficient information for analysis which enabled to develop a performance management plan based on a key indicator system. As-Is analysis findings, cross-referenced with the best practices have determined a particular “gap” level. In order to overcome the gap were developed guidelines, optimally adjusted for state-owns railways of Serbia. The main results of the study are related to a description of the necessary requirements for successful performance management, including organizational, procedural prerequisites and necessary functional skills and competencies of the supervisors. A system of key indicators for functional monitoring of the effectiveness of the human resource management process is also proposed. Primarily to determine the quality of the KPIs we defined, we have conducted Data Envelopment Analysis (DEA). The study ends with the following conclusions: to build further work on human resource transformation, namely improving information and coordination of information at different hierarchical levels by optimizing the communication system; optimizing the system for allocating responsibilities for increasing labor productivity; updating the system for monitoring, evaluation and compensation of labor. Achieving a good Success Management system is possible when performing a series of activities such as: design and validation of an adequate system of objectives; Restructuring the economic subsystem and functional redistribution in line with the enterprise’s objectives; development of a functional specification for the digitalization of the performance management.

TAX EVASION FLAG OF THE CONTEMPORARY ECONOMY

TAX EVASION FLAG OF THE CONTEMPORARY ECONOMY
(TAX EVASION FLAG OF THE CONTEMPORARY ECONOMY)

Author(s):Ioana Corina Abrudan
Language:English
Subject(s):Public Administration, Public Finances
Page Range:243-252
No. of Pages:10
Keywords:tax evasion;tax policies;risk;economy;legislation;state;fraud;
Summary/Abstract:Tax evasion is considered to be the most widespread economic crime, of major importance, which all states face to a greater or lesser extent. Globalization is the main phenomenon that has made it more difficult to detect and stop tax evasion and tax evasion. The magnitude of this phenomenon has no time and space boundaries. Eradicating tax evasion is virtually impossible, so states are seeking effective measures to curb this worrying phenomenon. Within the European Union, Member States are directly affected by this phenomenon, in particular due to the multiple gaps identified in the economics and legislation of the member countries. Tax evasion has become a topic the European Union has been researching for a long time, which it is trying to combat through EU-wide fiscal policies. Tax policies involve identifying, analyzing, evaluating and monitoring the risks associated with the phenomenon of tax evasion at national and international level.

WORKPLACE BEHAVIOR AND COMMITMENT TO THE ORGANIZATION

WORKPLACE BEHAVIOR AND COMMITMENT TO THE ORGANIZATION
(WORKPLACE BEHAVIOR AND COMMITMENT TO THE ORGANIZATION)

Author(s):Silvana Pasovska, Trajko Miceski
Language:English
Subject(s):Human Resources in Economy, Socio-Economic Research
Page Range:253-261
No. of Pages:9
Keywords:individual; organization; behavior; character; attitude; perception; stress; creativity;
Summary/Abstract:Workplace behavior is a scheme of actions for members of an organization that directly or indirectly affects its effectiveness. Part of the important workplace behaviors are work behavior and productivity, absence, substitution of workers, and organizational fervor. However, dysfunctional behaviors may occur in the organizational environment. Work behavior is the sum of all behaviors associated with the work the organization expects from the individual. That is why they originate from the psychological agreement. For some jobs, work behavior can be more precisely defined and easy to measure. Commitment to the organization is a stance that reflects the identification of the individual with the organization and the connection with it. A person who is largely committed to work is likely to be considered a true member of the organization to avoid small sources of dissatisfaction and to see himself as a member of the organization. In contrast, it is likely that someone who feels less committed to the organization will be seen as a stranger in order to express dissatisfaction and not be seen as a further member of the organization.

UTICAJ SOCIO-KULTUROLOŠKOG OKRUŽENJA NA OBAVLJANJE MARKETING AKTIVNOSTI U ISLAMSKIM ZEMLJAMA

UTICAJ SOCIO-KULTUROLOŠKOG OKRUŽENJA NA OBAVLJANJE MARKETING AKTIVNOSTI U ISLAMSKIM ZEMLJAMA
(INFLUENCE OF SOCIO-CULTURAL ENVIRONMENT ON MARKETING ACTIVITIES IN ISLAMIC COUNTRIES)

Author(s):Milica Đokić, Ivana Janjić
Language:Serbian
Subject(s):Marketing / Advertising, Socio-Economic Research
Page Range:263-269
No. of Pages:7
Keywords:kulturološke razlike;islam;međunarodni marketing;
Summary/Abstract:Međunarodno poslovanje predstavlja ne samo ekonomski već i socio-kulturološki fenomen. Ono se značajno razlikuje od delovanja u nacionalnim okvirima zbog prisutnosti brojnih specifičnosti vezanih za nacionalno uređenje, privrednu politiku, zakonodavstvo i kulturna obeležja svake zemlje. Kompanije sve češće umesto potpune standardizacije svojih proizvoda i usluga moraju prilagođavati svoj marketing miks zahtevima lokalnog okruženja. Internacionalizacija poslovanja na globalnom tržištu i nove mogućnosti razvoja vodile su ka nužnosti upoznavanja kulturnih vrednosti, načina ponašanja i poslovne prakse u različitim društvima i kulturama. Tradicija, verovanja, religija, jezik i pojedini običaji na određenom segmentu tržišta u značajnoj meri oblikuju potrebe i navike ljudi, pa samim tim i njihovo ponašanje u procesu kupovine, te su često od presudnog uticaja na uspeh marketing programa kompanija. Pripadnici različitih kultura mogu imati potpuno drugačije stavove o istoj stvari, drugačije reakcije u identičnim okolnostima i na drugačiji način zadovoljavati iste potrebe. Te razlike mogu biti rezultat pripadnosti drugoj religiji, koja determiniše postojeće običaje, rituale i stavove, pa čak i direktno utiče na prihvaćenost nekih proizvoda u društvu. Zabrane, predrasude ili obaveze vernika značajne su u formiranju sistema potrošnje i njihovog ponašanja u ulozi potrošača s jedne strane, ali i na način poslovanja i posebno obavljanja marketing aktivnosti od strane kompanija. Od spremnosti menadžmenta da uvaži specifičnosti pojedinih kultura zavisiće i mogućnost uklapanja u inostrani ambijent, odnosno uspeh u komunikaciji sa potrošačima i efikasnost sprovođenja planiranih akcija.Svrha ovog rada jeste da identifikuje specifičnosti islamske kulture i prikaže uticaj religije na potrebe i ponašanje muslimana kao potrošača. Pored toga, biće analizirane poteškoće sa kojima se kompanije suočavaju pri poslovanju u islamskim zemljama i načini na koje vrše prilagođavanje svojih marketing aktivnosti u skladu sa zahtevima okruženja.

COLLISION „FAMILY-WORK” – MODERN PROJECTIONS

COLLISION „FAMILY-WORK” – MODERN PROJECTIONS
(COLLISION „FAMILY-WORK” – MODERN PROJECTIONS)

Author(s):Todorka Kineva
Language:English
Subject(s):Human Resources in Economy, Socio-Economic Research
Page Range:271-278
No. of Pages:8
Keywords:collision;family;work;
Summary/Abstract:The collision between family life and work represents a perpetual conflict zone in Bulgarian society; it is also an object of scholarly interest for researchers in different fields, including sociology. The article emphasizes three thematic aspects of the problem: the impacts of work on personal and family life, the impacts of personal and family life on work, and the degree of satisfaction of Bulgarians with the time they devote to work and to their personal lives. In order to study the continuous two-way interaction between the family (as a personal, intimate environment) and work (work and professional life as a field of public interrelations and interactions), the author has conducted secondary analysis of data from the Fifth Wave of the European Social Survey (Bulgaria). General conclusions are drawn, and recommendations are made as to regulating conflictive interaction in the family-work relationship.

CREATING VIETNAM ACCOUNTING STANDARDS FOR SMALL AND MEDIUM ENTERPRISES BASED ON INTERNATIONAL FINANCIAL REPORTING STANDARDS FOR SMALL AND MEDIUM-SIZED ENTITIES

CREATING VIETNAM ACCOUNTING STANDARDS FOR SMALL AND MEDIUM ENTERPRISES BASED ON INTERNATIONAL FINANCIAL REPORTING STANDARDS FOR SMALL AND MEDIUM-SIZED ENTITIES
(CREATING VIETNAM ACCOUNTING STANDARDS FOR SMALL AND MEDIUM ENTERPRISES BASED ON INTERNATIONAL FINANCIAL REPORTING STANDARDS FOR SMALL AND MEDIUM-SIZED ENTITIES)

Author(s):Nguyen Duc Phong, Anita Tangl
Language:English
Subject(s):Business Economy / Management, Accounting - Business Administration
Page Range:279-283
No. of Pages:5
Keywords:IFRS for SMEs;VAS for SMEs;Vietnam;
Summary/Abstract:International economic integration has been taking place more and more deeply in many aspects, including the integration of accounting. The integration of accounting has created much useful information for investors as well as managers, which has been widely recognized in many countries in the world. Nowadays, Vietnam is in the process of international economic integration and is reforming their economic structure; therefore, the government’s direction is to apply International Financial Reporting Standards for Small and Medium-Sized Entities (IFRS for SMEs) issued by the International Accounting Standards Board (IASB). However, many factors affect to implement IFRS for SMEs in Vietnam successfully; hence, the Vietnamese government wants to have a set of Vietnam Accounting Standards for Small and Medium Enterprises (VAS for SMEs) before IFRS for SMEs standards is applied wholly in the near future. This article focuses on discussing some issues related to VAS for SMEs created based on IFRS for SMEs then proposing some recommendations to step by step implement IFRS for SMEs in Vietnam. The article uses the Archival Research method to conduct research.

VEČITA NEDOUMICA: LIZING ILI KREDIT

VEČITA NEDOUMICA: LIZING ILI KREDIT
(AN ENTERNAL DILEMMA: LEASING OR LOAN)

Author(s):Vladimir T. Mladenović, Milica Krulj-Mladenović, Danilo Obradović
Language:Serbian
Subject(s):Socio-Economic Research
Page Range:285-289
No. of Pages:5
Keywords:leasing; car loan; bank; natural persons;
Summary/Abstract:The eternal doubt, why car loan and not leasing and vice versa? A question we will try to answer. Not so long ago, banks offered only car loans, however, in order to have an overall offer, most banks added leasing to their product range. It was also unthinkable to buy a used vehicle, used agricultural machinery or equipment through leasing, now it is available and increasingly popular. It remains to be seen how a car loan will withstand such an attack as a banking product in the future. The paper will present auto loans to natural persons for the purchase of new and used cars from legal and natural persons. The selection of the banks included in our analysis was guided by the example that, in addition to the offer of auto loans, the banks also own a leasing offer in Serbia.

EKOLOGIZACIJA PREDUZEĆA U FUNKCIJI ODRŽIVOG GLOBALNOG POSLOVANJA

EKOLOGIZACIJA PREDUZEĆA U FUNKCIJI ODRŽIVOG GLOBALNOG POSLOVANJA
(ECOLOGISATION OF ENTERPRISES IN THE SUSTAINABLE GLOBAL BUSINESS FUNCTION)

Author(s):Jovana Radulović, Tijana Milanović, Zdravka Petković
Language:Serbian
Subject(s):Supranational / Global Economy, Green Transformation
Page Range:291-297
No. of Pages:7
Keywords:greening; enterprise; globalization; business;
Summary/Abstract:With the liberalization of trade and intercultural interactions, a new type of metacommunication was established in both the social and economic sense - globalization. Successive revolutions in society: industrialization, capitalism, and technology have in the meantime brought new systems of economy but not a permanent technique of sustainable development. All ideas of a technological nature related to raising the efficiency of resources, sharing economic growth from production resources, energy renewal (sun, wind) are technocentric and productivist-oriented, and thus they can hardly permanently solve any global environmental problem because they are not eco-efficient. The way a company functions is a kind of ecosystem because it represents a synthesis of different attitudes, resources and infrastructures that are responsible for innovation, productivity and new jobs. The Global Entrepreneurship Index measures the health of entrepreneurial systems as each country operates in both national and international business contexts. Given that entrepreneurship values quality over quantity, greening represents a necessary measure of implementing reforms in the form of business transformation in accordance with global environmental standards.

BUSINESS ENVIRONMENT IN SERBIA – IMPACT ON TOURISM OPERATIONS – TOURIST ORGANIZATION OF THE CITY OF VRANJE

BUSINESS ENVIRONMENT IN SERBIA – IMPACT ON TOURISM OPERATIONS – TOURIST ORGANIZATION OF THE CITY OF VRANJE
(BUSINESS ENVIRONMENT IN SERBIA – IMPACT ON TOURISM OPERATIONS – TOURIST ORGANIZATION OF THE CITY OF VRANJE)

Author(s):Biljana Ilić, Vidoje Stefanović, Dragica Stojanović
Language:English
Subject(s):Tourism
Page Range:299-305
No. of Pages:7
Keywords:business environment;tourism business;development policy;tourist organization Vranje;Serbia;
Summary/Abstract:Tourism is one of the fastest growing branches of the Serbian economy in which much potential is recognized, but still largely underutilized. The level and manner of potential utilization is currently inadmissibly low, without any clear indicators which would point out a problem-solving progression plan. Business entities from the tourism sector are constantly exposed to unpredictable market changes and to the impact of the business environment in which the level of competition is constantly increasing. In addition to strengthening their own internal environment in order to prevent stagnation in following market trends, tourist organizations in Serbia pay great attention to the limiting factors that are imposed by the state administration and local self-government. For this reason, there is a lot of effort to ensure an unhindered business process and the possibility of obtaining assistance from the state of Serbia, or the cities in which tourist organizations operate. In order to ensure that Serbian tourism doesn’t turn into a missed opportunity, systemic solutions are needed. The paper gives a modest contribution to tourism business in Serbia. The authors described the environmental factors in which business entities in the industry operate, as well as the ways in which the factors influence tourist demand. The paper puts emphasis on Tourist Organizations (TO) and as an example, it presents the case study of Tourist Organization of Vranje – city in Eastern Serbia. SWOT analysis points to the possibility of achieving better operations of this tourist organization indicating that such business practices could be applied to other tourist organizations in Serbia.

ETHICS OF THE LEADER – AN ESSENTIAL CONDITION FOR BUSINESS SUCCESS

ETHICS OF THE LEADER – AN ESSENTIAL CONDITION FOR BUSINESS SUCCESS
(ETHICS OF THE LEADER – AN ESSENTIAL CONDITION FOR BUSINESS SUCCESS)

Author(s):Buzamat Genoveva, Silvia Patruica
Language:English
Subject(s):Business Economy / Management, Business Ethics
Page Range:307-317
No. of Pages:11
Keywords:ethics; responsibility; leader;
Summary/Abstract:The mission of ethics is not only to expose the theoretical aspects of morality, but also to be a practical, real guide in guiding and improving the moral life of society. Defined over time in different ways, depending on the context or the specific field of practical applicability, ethics has been focused on the principles and standards that should govern the social relationships between individuals and organizations and have always prompted the interest of those interested in living in a better world, mindful of the needs and aspirations of others, to appreciate true human values and to promote exemplary patterns of behavior. The role of ethics is to help people and institutions decide what is best to do, what criteria to choose and what their moral motivations are in their actions. For Romanian companies confronted with the difficulties arising from the transition from one society to another, from one system of values to another, business ethics is not only a new issue but a very important one. Achieving the balance between ethics and profitability in a society in which there is a major competition in capital and wealth, accumulation is proven to be a problem hard to solve. In Romania, managerial ethics is of particular importance as compared to other countries with well-established market economy mechanisms. Ignoring ethical business development under the pretext that law enforcement (which are often contradictory) is sufficient is the same as ignoring the fact that managers are not simply executives when faced with decisions with ethical implications, they have their own values, often being forced to choose between personal aspirations and organizational responsibilities.

SUCCESSION OF DIGITAL ACCOUNTS

SUCCESSION OF DIGITAL ACCOUNTS
(SUCCESSION OF DIGITAL ACCOUNTS)

Author(s):Katerina Dulčić
Language:English
Subject(s):Marketing / Advertising, ICT Information and Communications Technologies
Page Range:319-324
No. of Pages:6
Keywords:digital accounts;succession;property;
Summary/Abstract:Author is examining the consequences of the death of the contractor on different digital accounts. Methodology that is going to be used is primary analysis of actual private and legal regulations, and their comparison. First, there are different types of digital accounts, and they should be managed differently. Strictly personal accounts should be considered in one way, and professional accounts should follow the succession of the business. The social network sites offer to the user to choose the faith of their account upon their death. Mostly, it is possible to assign one person to manage the account after death, or inactivity. Social network accounts contain a wide list of services, and contain a wide spectrum of information about the user. There are copyrights on photos and texts, there are pieces of personal information and personality rights in messages and private notes. Law provides the rules for heritage of copyrights and intellectual property. Those provide to its holder the possibility to decide on their fate upon his or her death, but there are also some limits. The author compares the provisions offered by social network sites, and other digital accounts’ contracts with each other. Also, it is analyzed whether the decisions made in digital form meet the requirements of legal form of the will. Recent case in Germany, before Federal Court in Berlin, no. III-ZR-183/17, of 12th July 2018, compared the data on Facebook to diaries and memoirs and ordered the provider to give full access to the legal heirs. In this case, the deceased was a 15 years old child, and there are usually no secrets that would be morally unacceptable to be revealed to the parents. But in case of a death of an adult person, whose legal heir is the child, the question is whether the parent wants own child to browse personal messages. Also, there were parents that continued to use the account of the dead child. In that case, the situation is clear, because that is false presentation, and all social networks have that as a valid reason to block access. Professional accounts usually have protocols on how to access the account in case of illness or other leaves, so they are applied in case of death. The problem is to determine whether a certain account is personal of professional. The questions that rise are whether it is moral to access personal data of the deceased relative, or should they be lost in digital universe. This article provides the suggested solutions for preventive measures for the use of professional accounts, to avoid future legal battles with heirs, by analyzing the actual state of possible provisions.

AGENCY PROBLEMS AND DEBT FINANCING

AGENCY PROBLEMS AND DEBT FINANCING
(AGENCY PROBLEMS AND DEBT FINANCING)

Author(s):Marina Klačmer Čalopa, Karolina Kokot, Ivana Đunđek Kokotec
Language:English
Subject(s):Business Economy / Management, Marketing / Advertising
Page Range:325-330
No. of Pages:6
Keywords:Agency costs;Corporate Governance;Capital market;Financial leverage;Debt structure;
Summary/Abstract:The main objective of this paper is to examine correlation between agency costs measured by identified approximation of variables and debt financing as one of the corporate governance mechanisms for reducing these costs. In a modern corporation where ownership is separated from management, many benefits are viewed primarily through an increasing efficiency. The issue of the separation of ownership and management is related to potential conflict between principals (stakeholders) and agents (managers). Theoretically possible solution to the agency problem is defined through the agency theory. The most significant problem are agency costs. Agency costs do not have a directly quantifiable value, therefore the approximation of measures such as asset turnover ratio and operating expense ratio (company’s operating expenses divided by its revenues) will be used in this research paper. According to the previous empirical studies, between asset turnover ratio and debt financing positive correlation was determined, while negative correlation was determent between operating expense ratio and debt financing. This research was conducted on Croatian companies whose shares have been listed on the Zagreb Stock Exchange continuously from January 2009 to December 2017. In the analysis, from a total of 154 companies that shares have been listed on the Zagreb Stock Exchange, 31 most actively traded shares measured by the average monthly trading rank in the observed period were taken. Results obtained in this research indicate that debt financing is significant corporate governance mechanism for reducing agency costs where the direction obtained from the correlation is in line with the theoretical expectation.

FINANCIAL INTEGRATION OF THE NEW MEMBER STATES – CASE STUDY OF EU’S REGULATORY INITIATIVE ON FINANCIAL TECHNOLOGIES

FINANCIAL INTEGRATION OF THE NEW MEMBER STATES – CASE STUDY OF EU’S REGULATORY INITIATIVE ON FINANCIAL TECHNOLOGIES
(FINANCIAL INTEGRATION OF THE NEW MEMBER STATES – CASE STUDY OF EU’S REGULATORY INITIATIVE ON FINANCIAL TECHNOLOGIES)

Author(s):Ivana Bajakić
Language:English
Subject(s):EU-Approach / EU-Accession / EU-Development, Socio-Economic Research
Page Range:331-340
No. of Pages:10
Keywords:Financial technologies;FinTech;Capital markets union;financial integration;New Member States;
Summary/Abstract:New technologies are changing at a very fast course and reshaping the financial system significantly. FinTech is a relatively new term used for technology enabled innovation in the area of financial services and includes variety of products, applications, models and processes. FinTech provides new opportunities both for private sector and its consumers, increasing efficiency and integration of financial systems across Europe and worldwide. The above-mentioned trends have motivated the European Commission to initiate actions in order to promote technology enabled innovation in the area of financial services. The goal is to empower all market players in promoting new technologies such as blockchain and artificial intelligence while controlling risks and protecting consumers. Based on the analysis of secondary data, this paper aims, first, to discuss the effects these measures will have on the financial markets across Europe, especially with regard to better regulation. Secondly, the objective is to research financial integration for the New Member States’ financial markets with regard to new technologies and the access they provide for financial services and consequently efficiency improvement of the financial system.

POST-TRUTH ERA AND VESTED INTERESTS IN APPROACHING ECONOMY IN FINANCIAL NEWSPAPER HEADLINES AND LEADS. NEWSWORTHINESS QUOTA IN THE CASE OF PROGRESSIVE TAX VERSUS FLAT TAX IN THE ROMANIAN DAILIES ZIARUL FINANCIAR AND FINANCIARUL

POST-TRUTH ERA AND VESTED INTERESTS IN APPROACHING ECONOMY IN FINANCIAL NEWSPAPER HEADLINES AND LEADS. NEWSWORTHINESS QUOTA IN THE CASE OF PROGRESSIVE TAX VERSUS FLAT TAX IN THE ROMANIAN DAILIES ZIARUL FINANCIAR AND FINANCIARUL
(POST-TRUTH ERA AND VESTED INTERESTS IN APPROACHING ECONOMY IN FINANCIAL NEWSPAPER HEADLINES AND LEADS. NEWSWORTHINESS QUOTA IN THE CASE OF PROGRESSIVE TAX VERSUS FLAT TAX IN THE ROMANIAN DAILIES ZIARUL FINANCIAR AND FINANCIARUL)

Author(s):Aurelia Ana Vasile
Language:English
Subject(s):Business Economy / Management, Socio-Economic Research
Page Range:341-352
No. of Pages:12
Keywords:post-truth era;vested interests;progressive and flat tax;newspaper headlines and leads;topic (newsworthiness) quota;
Summary/Abstract:Nowadays, in times that Ralph Keyes (2004) called the post-truth era, there is an obvious trend towards embellishing or re-shaping the truth until it gets diluted into what the author of this dilution desires and is interested in. The term vested interests coined by William Crano (1995) may account for the background motivation that may lead towards this widely resorted to distortion of the truth so that it may fit the aims of the distorter. When referring to vested interests, the Cambridge Academic Content Dictionary specifies the existence of interests in influencing others so that some benefits may be obtained or preserved. According to Crano (1995, pp. 131-158), “if the attitude object is subjectively important and the perceived personal consequences are significant, there will be a greater chance the individual’s attitude will be expressed behaviorally”. Such aspects of communication may have strong economic impact, and are therefore crucially significant when they manifest in the main stream media in the field, i.e., in the most important economical publications. Economic vested interests may thus have a great impact and bring about the tampering with the truth, mostly on key topics like fiscal policies. Our content analysis of a research corpus of 210 news stories (that got elicited online starting from the keywords “progressive/flat tax”) in the two Romanian economic dailies that have the largest circulation, Ziarul Financiar (9200 copies), and Financiarul (8500 copies), in the time span 10th January 2008 – 28th February 2019 has revealed intriguing facts. We have selected such a time span because Financiarul published its very first issue on the 10th of January 2008. The keywords “progressive/flat tax” were chosen as the economic stake of such a topic that they refer to is quite high and it consequently may then trigger strong vested interests and the temptation to tamper with the truth. The fair distribution of the tax burden (Peter Diamond, Emmanuel Saez, 2011, p.165), and the model of optimal tax theory and practice arouse significant interest, mostly on the part of large businesses that engender high profit rates. We tackled the news story headlines and leads that contain the mentioned keywords, as such story parts comprise the main point of stories. However, the whole orientation of the stories was taken into account for the gist that is relevant with regard to our research aims to reveal some post-truth communication mechanisms involved in economical gearing towards vested interests, in order to better critically understand and be able to strengthen democracy and economic fairness. According to our findings, in Ziarul Financiar, 28 % of the headlines and leads explicitly tackled the issue, whilst in Financiarul, almost 74 % bluntly referred to the progressive and to the flat tax. There were also clear differences in point of the newsworthiness quota ̶ a term or concept that is aimed to be coined here ̶ allotted by the two dailies to the topic of progressive versus flat tax. Moreover, content specifically, organizations and individuals that appeared in the content of these headlines, leads, and whole stories expressed stances that accounted for vested interests.

CROWDFUNDING FINANSIRANJE – STANJE I PERSPEKTIVE U SRBIJI

CROWDFUNDING FINANSIRANJE – STANJE I PERSPEKTIVE U SRBIJI
(CROWDFUNDING FINANCING – SITUATION AND PERSPECTIVES IN SERBIA)

Author(s):Biljana Rabasović, Mlađen Vićentić, Ivana Marković
Language:Serbian
Subject(s):ICT Information and Communications Technologies, Socio-Economic Research
Page Range:353-358
No. of Pages:6
Keywords:Crowdfunding;grupno finansiranje;stanje i perspektive u Srbiji;
Summary/Abstract:Crowdfunding je nov način grupnog prikupljanja sredstava za finansiranje inovativnih ideja, čiji se koreni mogu pronaći još u dalekoj istoriji. Ovaj specifičan model finansiranja u svetu beleži brz rast sa razvojem Interneta i društvenih mreža. U Srbiji ovo još uvek nije slučaj, mada poslednjih godina dolazi do blagih pozitivnih pomaka. U radu će biti predstavljen istorijat razvoja ovog specifičnog modela finansiranja, mogućnosti i prednosti prikupljanja finansijskih sredstava uz pomoć crowdfunding platformi, objašnjeni osnovni tipovi, motivacije za učesnike i mehanizmi funkcionisanja. Takođe, biće dat prikaz dosadašnjih kretanja u Srbiji i okruženju u ovoj inovativnoj oblasti grupnog finansiranja. Prethodnih godina, na ovaj način u Srbiji su prikupljena relativno skromna sredstva. Najviše sredstava prikupljeno je u oblasti umetnosti, obrazovanja i preduzetništva, dok projekti zaštite životne sredine, zaštite ljudskih prava i razvoj tehnologije zauzimaju zanemarljiv procenat. Neke od prepreka u dosadašnjem slabom razvoju ovog modela finansiranja, do kojih se u istraživanju došlo jesu: nizak stepen upoznatosti ciljne javnosti sa postojanjem i mehanizmima funkcionisanja ovog načina finansiranja, pepoznavanje potencijalnih koristi koje pruža, veoma mali odziv backer-a sa domaćeg tržišta i brojni drugi. Nameće se zaključak da postoji mnogo prostora za razvoj ali i da je neophodna edukacija svih strana i bolja informisanost o mogućnostima i motivaciji za učesnike sa obe strane. Neki od koraka u ovom procesu su već započeti i detaljnije će biti predstavljeni u radu.

TEMPORARY DISTORTIONS AND INDIVIDUAL IGNORANCE

TEMPORARY DISTORTIONS AND INDIVIDUAL IGNORANCE
(TEMPORARY DISTORTIONS AND INDIVIDUAL IGNORANCE)

Author(s):Marius Calin Benea, Maria Laura Benea
Language:English
Subject(s):Human Resources in Economy, Socio-Economic Research
Page Range:359-364
No. of Pages:6
Keywords:Economics;time;ignorance;
Summary/Abstract:Individuals live their lives under the forces of time and ignorance. Since the economy is dealing with the study of a significant part of people’s lives, it was normal that aspects of it to be considered sooner or later. Our intention, when we started this paper, was to develop a certain apparatus of economic analysis, which unites several branches of the sciences that study the products of cooperation between people and to show how these products evolve depending on the expectations and the time horizon of individuals. The term “ignorance” has nothing pejorative in this context because it is largely the result of a rational choice of individuals. Limiting resources, and in particular time availability, causes people not to use all the information they might gather if they have at their disposal unlimited amounts of time and money. In addition, certain information, such as the tastes and wishes of others, is inaccessible to the individual from an economic point of view. The individual must rely on certain mechanisms and social institutions to co-operate with his fellows, including trading. But one of the temptations that one finds hard to resist is to show how people’s lives can be ameliorated if some bad influences would be eliminated; how can those forces that apparently destroy the plans of individuals can be countered; Finally, how, through some well-thought-out measures, people’s lives can get a happy turn when they no longer expect anything better. From this perspective, we hope that the present paper transmits in an indirect way a clear message: we have resisted this temptation. No! People’s lives cannot be made better by pencil traits, by genius ideas about the overall social organization or by combating ignorance. Instead, it can be made more difficult and miserable. It is right that social sciences do not have, in the eyes of many, the status of physics or mathematics for example. However, economic constraints are real and cannot be avoided simply by ignoring them. Ignorance becomes truly dangerous only when some people can decide the fate of others over their will.

EMOCIONALNA INTELIGENCIJA KAO FAKTOR KOMPETENCIJE USLUŽNOG OSOBLJA

EMOCIONALNA INTELIGENCIJA KAO FAKTOR KOMPETENCIJE USLUŽNOG OSOBLJA
(EMOTIONAL INTELLIGENCE AS A COMPETENCE FACTOR OF THE SERVICE STAFF)

Author(s):Biljana Rabasović, Vladimir Krivošejev, Nikola Stojanović
Language:Serbian
Subject(s):Human Resources in Economy, Socio-Economic Research
Page Range:365-371
No. of Pages:7
Keywords:service personnel; competencies; emotional intelligence; interdependence of emotional intelligence of service personnel and service quality;
Summary/Abstract:The service industry or the experience industry, as we call it today, recognizes quality service personnel as a key resource. Emotional intelligence4 is becoming an increasingly important strength of this quality, if cognitive abilities and professional knowledge are taken for granted. As most services are produced and consumed in the interaction of providers and users, often several users at the same time, and service personnel are part of the service itself, certain elements of the EI construct have a greater or lesser impact on the success of "moments of truth". The aim of this paper is to present the most important elements of EI, their influence on the overall quality of the service personnel's competencies and, finally, on the quality of the delivered service. The quality and level of EI influence an individual's intrapersonal and interpersonal regulatory processes. On the internal level, employees with a higher level of EI are more aware of their emotions and the factors that cause them, which enables them to regulate negative emotions more easily, achieve a higher level of satisfaction with life and work, a lower degree of burnout, more effective recognition and struggle with stressors. On the external level, higher EI variables increase the potential of the quality of interpersonal relationships and, through empathy, enable the individual to understand the emotions of others, and in higher stages manage them. Taken together, these two aspects form an indispensable platform for understanding the problems and needs of others and are the basic condition for providing high-quality, user-friendly service, which is imperative for the largest number of branches of the service industry.

KNOWLEDGE MANAGEMENT IN DISRUPTIVE TIMES

KNOWLEDGE MANAGEMENT IN DISRUPTIVE TIMES
(KNOWLEDGE MANAGEMENT IN DISRUPTIVE TIMES)

Author(s):Sandra Lovrenčić, Vlatka Sekovanić
Language:English
Subject(s):Business Economy / Management, Socio-Economic Research
Page Range:373-381
No. of Pages:9
Summary/Abstract:In the era of big data and fast changing markets, timely information and knowledge for making business decisions make a competitive advantage. Rapid changes cause disruption of organizations, especially new information technologies and organizations that are born digital. To cope, many organizations undergo digital transformation and change their business models. In such conditions, knowledge management is more important than ever, but the question is whether companies recognize its large potentials, from supporting digital business and digital workforce to preserving and delivering critical knowledge at any time. In this paper we discuss benefits that knowledge management can give organizations in disruptive times together with issues and challenges that arise. Also, an overview of new information technologies that may be incorporated into knowledge management systems and contribute to those benefits is presented, such as technologies connected to artificial intelligence. This leads to examination how disruptive times and technologies change knowledge management itself and whether and how they affect processes of creating, managing, sharing and using organizational knowledge.

ANALYSIS OF EFFECTS OF CHANGES IN REGULATORY REQUIREMENTS FOR DISCLOSURES ON THE FINANCIAL AND NON-FINANCIAL REPORTING OF COMPANIES

ANALYSIS OF EFFECTS OF CHANGES IN REGULATORY REQUIREMENTS FOR DISCLOSURES ON THE FINANCIAL AND NON-FINANCIAL REPORTING OF COMPANIES
(ANALYSIS OF EFFECTS OF CHANGES IN REGULATORY REQUIREMENTS FOR DISCLOSURES ON THE FINANCIAL AND NON-FINANCIAL REPORTING OF COMPANIES)

Author(s):Mirjana Hladika, Eugen Lacković
Language:English
Subject(s):Business Economy / Management, Accounting - Business Administration
Page Range:383-389
No. of Pages:7
Keywords:Non-financial reporting;Directive 2014/95/EU;Transparency of business;Corporate social responsibility;
Summary/Abstract:Strong competition in all segments of the economy requires companies to adapt more quickly to market demands and market participants. In such an environment, companies are required to adapt the decision-making and management process. At the same time, stakeholders demand a wider range of information for making business decisions. The public is increasingly loud and emphasizes the awareness and the need for corporate social responsibility, the need for environmental protection and human rights. In order that all stakeholders (investors, creditors, suppliers, current and future employees and others) will have a more complete insight into the operations of a particular company, beside financial reporting, the non-financial reporting is becoming more and more important. Non-financial information enables different stakeholders to see more clearly the impact of a company’s operations on society as a whole, the environment, and the economy within which it operates, apropos to create a clearer picture of how each individual company creates value. Non-financial information, along with financial information, represents a more quality information base for short, medium and long-term business decisions. In order to regulate the non-financial reporting, the European Commission by Directive 2014/95/EU has prescribed the preparation of the non-financial report for certain entities for the reporting periods beginning on 1 January 2017. In that effect, the aim of this paper was to investigate whether the changes in regulatory requirements for the disclosures of financial and non-financial information affected a more transparent and comprehensive presentation of information about the companies’ business. The research was conducted on the basis of the analysis of secondary data sources, primarily published non-financial information on the company’s website and in their annual reports. Research sample consists of five companies from five different EU countries. Published secondary data were analyzed in qualitative and quantitative terms using comparative and compilation methods and methods of analysis and synthesis. The research results showed that non-financial reporting was not standardized, and that the introduction of legal obligation for non-financial reporting did not affect the scope and presentation of non-financial information. The main reason for this research results can be the fact that the observed companies, already before the introduction of this obligation, realized the significance and importance of non-financial reporting.

INTERNAL AUDIT OF COSTS IN A PUBLIC EDUCATIONAL INSTITUTION

INTERNAL AUDIT OF COSTS IN A PUBLIC EDUCATIONAL INSTITUTION
(INTERNAL AUDIT OF COSTS IN A PUBLIC EDUCATIONAL INSTITUTION)

Author(s):Tatjana Horvat
Language:English
Subject(s):Socio-Economic Research
Page Range:391-396
No. of Pages:6
Summary/Abstract:Public educational institutions are mostly financed by state, local communities and parents. Their main costs are costs of salaries, costs of material, costs of services and amortization. These costs are used for the day-to-day activities of the institution as well as for investments and investment maintenance. The costs should be, as required by law, carefully planned within financial plan and reported in annual report. Public educational institutions, including their costs, should be supervised by the internal auditor who ensures the legality of costs. The purpose of this paper is to show results of internal auditing of the costs’ legality in a public educational institution, together with its specifics. Authors focused on Slovenian legislation and Slovenian case of pre-school educational institutions, which, due to use of public money and due to educating small children, must take care especially on using money and formation of costs. The findings can help management of a public educational institution together with internal auditors to understand the functioning of educational programs in the context of costs legality of incurred.

EFEKTI LJUDSKOG KAPITALA NA FINANSIJSKE PERFORMANSE: ANALIZA PRE I POSLE IZGRADNJE BRENDA POSLODAVCA

EFEKTI LJUDSKOG KAPITALA NA FINANSIJSKE PERFORMANSE: ANALIZA PRE I POSLE IZGRADNJE BRENDA POSLODAVCA
(EFFECTS OF HUMAN CAPITAL ON FINANCIAL PERFORMANCE: ANALYSIS BEFORE AND AFTER BUILDING A BRAND OF THE EMPLOYER)

Author(s):Goran Pavlović
Language:Serbian
Subject(s):Human Resources in Economy, Socio-Economic Research
Page Range:397-403
No. of Pages:7
Keywords:human capital; employer brand; performance;
Summary/Abstract:Employees, i.e. their knowledge, skills and abilities are a key success factor and sustainable competitive advantage. Every company tries to win over those employees who possess unique human capital, i.e. specific competencies that will enable the achievement of a high level of performance. In order to achieve this, numerous opportunities are provided to employees, such as flexible working hours, incentive compensation, advancement opportunities, additional training, etc. With these factors, the company strives to stand out as a unique and desirable place to work and thereby attract and retain the best employees. Some of these factors that serve to build the employer's brand can simultaneously be the basis for improving human capital in the company. That is why the main goal of this paper is to look at the change in the level of human capital after the employer's brand has been built and to determine accordingly how such a change affects the company's performance.

DIGITALIZATION OF MARKETING THROUGH LED PANELS USING Wi-Fi TECHNOLOGY

DIGITALIZATION OF MARKETING THROUGH LED PANELS USING Wi-Fi TECHNOLOGY
(DIGITALIZATION OF MARKETING THROUGH LED PANELS USING Wi-Fi TECHNOLOGY)

Author(s):Kujtim Mustafa, Ragmi Mustafa
Language:English
Subject(s):Marketing / Advertising, ICT Information and Communications Technologies
Page Range:405-416
No. of Pages:12
Keywords:LED diodes;Wi-Fi;light-emitting diode panels;digitalization;microcontrollers;memory;microprocessors;source codes;software;text;
Summary/Abstract:This project has the main objective to study some main functions of hardware and software of panels with LED diodes using Wireless technology communication to communicate from computer to the LED diodes panels. It is also focused on the programming of LED matrix diodes located on 16X96 electronic panels, respectively 16 rows of 96 columns. Also, there is elaborated the study of the mode of operation, composition, coding and use of software for panel diodes using the wireless technology to change the panel program each time it is needed. In the focus of all this is the introduction of diode panels in use at „Kadri Zeka” University exactly at the Faculty of Computer Science to provide digital information to students, professors or anyone passing through the premises of the university that is happening inside the classrooms of the Faculty of Computer Science. This happens in real time in accordance with the schedule of lectures and exercises in the respective classrooms of the FCS. In fact, this project explains in detail the concept of LED diodes and microcontrollers, their features, operation, power supply and work with 0 [VDC] and 5 [VDC] voltages, respectively 0 and 1 logic bits. Meanwhile, the project also explains how coding, how the software is developed to switch on, and switch off LED diodes on a 96X16 LED diode panel, thereby producing text on the panel (display, screen) in static, mobile, animation or up-down, left and right movements according to the time allocated to the timers of the microcontrollers. Such actions achieve the goal of the digitalization project of the classrooms of the Faculty of Computer Science. The same technology and all the hardware devices are possible to be used in all the marketing to represent information about different scopes.

PRIVATNE BEZBJEDNOSNE KOMPANIJE U SISTEMU ODBRANE CRNE GORE

PRIVATNE BEZBJEDNOSNE KOMPANIJE U SISTEMU ODBRANE CRNE GORE
(PRIVATE SECURITY COMPANIES IN THE DEFENSE SYSTEM OF MONTENEGRO)

Author(s):Željko Spalević, Dražen Božović, Ljubiša Konatar
Language:Bosnian, Serbian
Subject(s):National Economy, Security and defense
Page Range:417-422
No. of Pages:6
Keywords:bezbjednost;odbrana;privatne bezbjednosne kompanije;zaštita;
Summary/Abstract:Ovaj rad bavi se razvojem privatne bezbjednosti i njene društvene uloge u sistemu odbrane sa posebnim osvrtom na odnosu privatne bezbjednosti i sistema odbrane kao najznačajnijeg dijela sistema nacionalne bezbjednosti. U istraživanju posebno je istaknuta mogućnost i potreba angažovanja privatnih bezbjednosnih kompanija kao privrednih subjekata u sistemu odbrane. U radu autori nastoje da daju odgovore na više pitanja: razvoj privatnih bezbjednosnih kompanija, njihovo normativno uređenje i angažovanje u sistemu odbrane. Posmatrano sa istorijskog aspekta, bezbjednost je oduvijek bila djelatnost kojom su se, uglavnom, bavile državne institucije (policija, vojska i obavještajno bezbjednosne službe). Usložavanje poslova državne uprave, povećanje preduzetničkih aktivnosti, kao i ograničeni kapaciteti državnog bezbjednosnog sektora za kvantitativno uvećan, a kvalitativno sve različitije lepeze bezbjednosnosnih zadataka, dovelo je do pojave i profilisanja različitih subjekata-oblika privatne bezbjednosti. Privatne bezbjednosne kompanije pored obezbjeđenja privatnog kapitala našle su svoje mjesto i u državnim organima (zaštitarski, i drugi stručni poslovi) ili se radi o poslovima od posebnog značaja za bezbjednost i odbranu.

STRUCTURED IMPLEMENTATION OF A RISK MANAGEMENT SYSTEM ON THE EXAMPLE OF A MEDIUM-SIZED INDUSTRIAL ENTERPRISE

STRUCTURED IMPLEMENTATION OF A RISK MANAGEMENT SYSTEM ON THE EXAMPLE OF A MEDIUM-SIZED INDUSTRIAL ENTERPRISE
(STRUCTURED IMPLEMENTATION OF A RISK MANAGEMENT SYSTEM ON THE EXAMPLE OF A MEDIUM-SIZED INDUSTRIAL ENTERPRISE)

Author(s):Peter Davids, Milan Fekete
Language:English
Subject(s):Business Economy / Management
Page Range:423-430
No. of Pages:8
Keywords:management;risk management;quality management;medium-sized enterprise;chemical industry;
Summary/Abstract:Risk management is not always an intentionally controlled process. There are basic structures considering some of the obvious risks but those structures are often lacking proper documentation and implementation. As the scope for risk management has widened more and more during the last 10 years, it is absolutely essential that SME’s, the same as distinguished private companies, large private companies and public companies, run a modern structured and fully implemented risk management system. According to § 91 II of the German Stock Corporation Act, it is a part of the care obligations of the members of the Management Board (analogous to Limited Companies’ managing directors, see § 43 I and II of the German Limited Companies Act) to establish an appropriate risk management system and an internal monitoring system. An additional actual demand for risk management is stipulated in the new ISO 9001:2015 quality management standards. On the example of a company, which is a SME involved in the chemical industry, the requirement for risk management, which is codified in the described regulations, has so far been taken into account only to a limited extent. The goal of the paper is therefore to build options for implementing a risk management as an integral part of monitoring and control system on the existing structures within the corporate planning. It must also be ensured that the identification and proof of all of the measures in this respect should be carried out in a manner that is comprehensible for the auditors, because „… the auditor must support the Supervisory Board by examining the risk-early warning system as a part of the audit of the annual financial statements and, in the context of the management report, the disclosure of risks to the future development of the company and reporting on the outcome of the audit” (Wirtschaftsprüferhandbuch, 2000). Within the framework of the presented paper, basic structures will be created in order to subsequently enable a gradual refinement of risk management as the result of an exploratory process.

SPREMNOST NA PLAĆANJE CJENOVNE PREMIJE ZA EKOLOŠKE PREHRAMBENE PROIZVODE

SPREMNOST NA PLAĆANJE CJENOVNE PREMIJE ZA EKOLOŠKE PREHRAMBENE PROIZVODE
(WILLINGNESS TO PAY THE PREMIUM PRICE FOR ECO-FOOD PRODUCTS)

Author(s):Marija Ham
Language:Croatian
Subject(s):Agriculture, Socio-Economic Research
Page Range:431-440
No. of Pages:10
Keywords:price premium; ecological food products; willingness to pay; attitudes; trust; perceived knowledge;
Summary/Abstract:A price premium, i.e. a higher price compared to conventional products, is present today in most ecological products. It can be the result of the price strategy, that is, the strategy of brand differentiation, but also the actual higher cost of production. Therefore, it is of great importance to marketers of organic products, and therefore to researchers in the subject area, to understand the factors that influence the willingness to pay a price premium for organic products. In some studies, the intention to buy ecological products is equated, that is, it is measured precisely by means of the variable willingness to pay a price premium. In Croatia, the purchase of ecological food products is the most developed and most accepted when it comes to the purchase of ecological products, and it is also the most accepted form of ecologically oriented behavior. The purchase of organic food products therefore represents an appropriate context for this kind of research, and in order to contribute to the development of knowledge and the creation of a knowledge base that can further be applied to other categories of products and other forms of environmentally oriented behavior. price premium. The research was conducted on a sample of 411 respondents from eastern Croatia, who represent people who buy most of the food for the household. The results of the regression analysis showed that attitudes towards the environment have the strongest positive influence on willingness to pay a price premium, and trust in ecological products and labels is an almost equally strong predictor. Consumers who are concerned about the state of the environment and see their role in it as important, will be ready to pay more for products that contribute positively to that issue, which is important to them, and trust in the credibility of ecological products and labels is expected to be of great importance. Furthermore, consumers who believe that contributing to the local economy is an extremely important issue, will be ready to buy those local and domestic products despite the higher price. A slightly weaker, but also statistically significant influence on the willingness to pay the premium price was also determined for the construct perceived knowledge about environmental issues and attitudes about health. The implications of these results point to the conclusion that it is particularly important for marketers of organic food products to educate consumers, which will enable them to understand the effects of organic food products both on the environment and on the local economy, as well as on their health. It is particularly important to pay attention to the credibility, verifiability and transparency of claims in order to build trust, but also to mark consumers and raise the level of perceived knowledge. Consumers who have a high level of trust and self-confidence regarding their own knowledge will be more inclined to transfer their attitudes and knowledge to members of their reference groups. In a theoretical sense, this work contributes to knowledge about the influencing factors on the variable: willingness to pay a price premium for ecological products, which was identified in earlier research as one of the key determinants of ecologically oriented behavior.

THE EFFECTS OF PROCESS INNOVATION’S DIMENSION INTO PRODUCT INNOVATION – A COMPARATIVE FIRM LEVEL ANALYSIS FROM EU AND NON-EU COUNTRIES

THE EFFECTS OF PROCESS INNOVATION’S DIMENSION INTO PRODUCT INNOVATION – A COMPARATIVE FIRM LEVEL ANALYSIS FROM EU AND NON-EU COUNTRIES
(THE EFFECTS OF PROCESS INNOVATION’S DIMENSION INTO PRODUCT INNOVATION – A COMPARATIVE FIRM LEVEL ANALYSIS FROM EU AND NON-EU COUNTRIES)

Author(s):Brunilda Kosta, Nertila Busho
Language:English
Subject(s):Business Economy / Management, Socio-Economic Research
Page Range:441-450
No. of Pages:10
Keywords:product innovation;process innovation;manufacturing methods innovation;logistic innovation; supporting activities innovation;
Summary/Abstract:This article evaluates the effect of process innovation’s dimensions (new production methods, new logistics and distribution, new supporting activities) into the product innovation, considering a comparable pattern between EU and non-EU countries. To examine this cause-effect chain, 516 interviews with innovative firms, randomly selected using stratified random sampling method, are reported. The sample comprised two sub-samples: four EU countries (Italy, Greece, Slovenia, and Croatia) and four non-EU countries (Albania, Bosnia and Herzegovina, Montenegro and Serbia). The logistic regression analysis reveals a positive association between new or significantly improved methods of manufacturing and product innovation and this causativeness effect is stronger among firms in the EU countries. When it comes to the other process innovation dimensions (new logistics and distribution, new supporting activities), the analysis uncovers no significant association for both sub-samples. Analysing the control variables (firm size, export orientation and governmental support), firm size is not significantly associated with the product innovation. However, export orientation has a significant positive effect on firm’s inclination to engage in product innovation. Similarly, government financial support via tax credits or deductions, grants, subsidised loans, and loan guarantees, has a significant effect on product innovation.

THE CROPS SUPPLY’S PROSPECTS IN MONGOLIA: PRODUCTION, IMPORT AND POLICY IMPLICATIONS

THE CROPS SUPPLY’S PROSPECTS IN MONGOLIA: PRODUCTION, IMPORT AND POLICY IMPLICATIONS
(THE CROPS SUPPLY’S PROSPECTS IN MONGOLIA: PRODUCTION, IMPORT AND POLICY IMPLICATIONS)

Author(s):Amar Uuld, Róbert Magda
Language:English
Subject(s):Agriculture
Page Range:451-457
No. of Pages:7
Keywords:Crop production;import;food supply level;self-sufficient rate;government policy;
Summary/Abstract:Crop production has been always main important sector but relatively small part of the Mongolian economy. As of 2017, agricultural sector produced approximately 11 percent of total GDP, which of agricultural production is more than 80 percent of livestock sector and less than 20 percent of crop production (NSO, 2017). Mongolia has a vast area of territory (18th-largest country in the world). However, of the 80% of the land covered with grassland and pastureland, crops have never been produced on less than 1% of the total land area of Mongolia (FAO, 2014). This study reviews Mongolia’s crop production’ current situation, focusing on Mongolia’s crops supply level, self-sufficient rate and government policy in the future. The results show that Mongolia’ policies for ensuring food supply level will be increased and Mongolia will pay attention to more domestic production. Mongolia’s crops self-sufficiency rate is 80 percent of flour and flour products, 107.7 percent of potato, 33.2 percent of vegetables and 0.7 percent of fruits and berries. By 2020, flour and flour products self-sufficiency rate are likely to increase to 100 percent, vegetables to 79 percent and fruits to 7.8 percent with associated government policy. However, fruits are still reliance on import.

REACHED LEVEL OF FINANCIAL INCLUSION IN SELECTED EUROPEAN COUNTRIES

REACHED LEVEL OF FINANCIAL INCLUSION IN SELECTED EUROPEAN COUNTRIES
(REACHED LEVEL OF FINANCIAL INCLUSION IN SELECTED EUROPEAN COUNTRIES)

Author(s):Milka Grbić, Milena Jovanović Kranjec, Natalija Jovanović
Language:English
Subject(s):Socio-Economic Research
Page Range:459-464
No. of Pages:6
Keywords:financial inclusion;advanced countries in transition;countries of Western Balkans;
Summary/Abstract:Crop production has been always main important sector but relatively small part of the Mongolian economy. As of 2017, agricultural sector produced approximately 11 percent of total GDP, which of agricultural production is more than 80 percent of livestock sector and less than 20 percent of crop production (NSO, 2017). Mongolia has a vast area of territory (18th-largest country in the world). However, of the 80% of the land covered with grassland and pastureland, crops have never been produced on less than 1% of the total land area of Mongolia (FAO, 2014). This study reviews Mongolia’s crop production’ current situation, focusing on Mongolia’s crops supply level, self-sufficient rate and government policy in the future. The results show that Mongolia’ policies for ensuring food supply level will be increased and Mongolia will pay attention to more domestic production. Mongolia’s crops self-sufficiency rate is 80 percent of flour and flour products, 107.7 percent of potato, 33.2 percent of vegetables and 0.7 percent of fruits and berries. By 2020, flour and flour products self-sufficiency rate are likely to increase to 100 percent, vegetables to 79 percent and fruits to 7.8 percent with associated government policy. However, fruits are still reliance on import.Generally accepted viewpoint is that for the realization of economic growth and decrease of poverty, among other things, the inclusion of individuals in the formal financial flows is necessary. The concept of financial inclusion, as the subject of paper research, is being considered at the example of the selected European countries out of which some have successfully finished transition process and have become the members of European Union (advanced countries in transition), while a number of them is on the road of European integrations (the countries of Western Balkans). In accordance with the subject, the objective of the paper is to carry out comparative analysis of the reached level of financial inclusion of individuals in advanced countries and the countries of Western Balkans. Paying respect to the complexity of the stated problem, the qualitative methodology is applied, based on the dominant application of the methods of analytical description and methods of comparative analysis. In the paper it is concluded that the average values of selected indicators of financial inclusion of the individuals in the case of Western Balkans countries are significantly lower in comparison to the advanced countries in transition. In the context of the measures of economic policy and the elements of development strategies it is necessary to provide the conditions for the increase of financial inclusion, primarily in the countries of Western Balkans. Regarding this, what is necessary, among other things, is financial education for the purpose of improvement of financial literacy of population, implementation of new technologies of mobile banking and electronic payment, designing of financial products that meet the needs of clients and provision of financial services at prices that individuals can afford.

FINANCIAL PERFORMANCE OF SMALL AND MEDIUM-SIZED ENTERPRISES IN THE SLOVAK REPUBLIC

FINANCIAL PERFORMANCE OF SMALL AND MEDIUM-SIZED ENTERPRISES IN THE SLOVAK REPUBLIC
(FINANCIAL PERFORMANCE OF SMALL AND MEDIUM-SIZED ENTERPRISES IN THE SLOVAK REPUBLIC)

Author(s):Jana Sochuľáková, Katarína Kráľová, Dagmar Petrušová
Language:English
Subject(s):Economy, National Economy, Business Economy / Management
Page Range:465-471
No. of Pages:7
Keywords:small and medium-sized enterprises;environment;financial performance;financial analysis;efficiency;
Summary/Abstract:Small and medium-sized enterprises are considered to be the most flexible, efficient and most advanced forms of enterprise within developed economies. They are characterized by high dynamics of development, adaptability to changing market requirements, flexibility and narrow specialization. They quickly adapt and respond sensitively to the change. Small and medium-sized enterprises can be considered to be holders of innovation, employment, social and regional integration. They guarantee higher efficiency and sustainable growth of the country’s economy. For this reason, the countries devote maximum attention to the state of small and medium-sized enterprises and are constantly taking measures for their development. In Slovakia, more than 90% of all businesses are small and medium-sized enterprises. The aim of the paper is to evaluate the development of small and medium enterprises in the Slovak Republic and to assess their financial performance using financial analysis indicators.

SPLETNO OGLAŠEVANJE V VISOKOŠOLSKEM PROSTORU – ANALIZA IZBRANIH TUJIH FAKULTET

SPLETNO OGLAŠEVANJE V VISOKOŠOLSKEM PROSTORU – ANALIZA IZBRANIH TUJIH FAKULTET
(WEB ADVERTISING IN HIGHER EDUCATION - ANALYSIS OF SELECTED FOREIGN FACULTIES)

Author(s):Tina Vukasović
Language:Slovenian
Subject(s):Socio-Economic Research
Page Range:473-481
No. of Pages:9
Keywords:web advertising; trademark; higher education space;
Summary/Abstract:The concept of brands is rapidly spreading from the product markets to the service markets, where we meet the service brand. What helped the most was the growing and faster development of service activities, as well as increased competition on the market of their providers. Widespread mention of the use of service marks is being enforced in all business areas, especially in higher education. The latter is also proven by the results of the annual survey, which shows the ranking of the most prestigious universities in the world. "Being comparable to related institutions abroad has become a postulate of the modern higher education space, in which consumers of educational services choose between various educational options in the broadest sense of the word, they could even say "shopping" (choosing a program, higher education institution, etc.). In the research, using the benchmarking method, we analyzed the online advertising and online presence (online) of selected higher education institutions around the world: we identified the platforms on which the selected faculties advertise online, identified the forms of online advertising used by the selected faculties in communicating on the market, and analyzed the key contents of the online advertising/online presence of the selected faculties.

VPLIV OHRANJANJA DELOVNE SPOSOBNOSTI STAREJŠIH ZAPOSLENIH NA NJIHOVO DELOVNO ZAVZETOST

VPLIV OHRANJANJA DELOVNE SPOSOBNOSTI STAREJŠIH ZAPOSLENIH NA NJIHOVO DELOVNO ZAVZETOST
(THE IMPACT OF PRESERVATION OF THE WORK ABILITY OF OLDER EMPLOYEES ON THEIR WORK ENGAGEMENT)

Author(s):Maja Rožman, Polona Tominc
Language:Slovenian
Subject(s):Human Resources in Economy, Socio-Economic Research
Page Range:483-496
No. of Pages:14
Keywords:Older employees; preservation of work ability of older employees; business engagement
Summary/Abstract:In the framework of demographic changes and active care in the workplace, the management of the elderly is becoming an increasingly important area of human resources management. The care of the workforce is crucial for future economic growth, competitiveness and success, which will increasingly depend on how effectively employers can use the advantages of older employees. The management of older employees is a developing branch in the field of human resource management that will offer many solutions and concepts in the future, how to solve the problem of older employees in companies. The diversity of the workforce is today considered an important factor in the success of companies. That is why age diversity in companies should be recognized and appreciated, and at the same time we must be aware that an exemplary environment for respecting the diversity of the workforce should be created. The age diversity of employees must become part of the company's overall strategy for equality and diversity. The main goal of the paper is to determine the impact of maintaining the work ability of older employees on their work engagement in medium-sized and large Slovenian companies. In the companies that were included in the research, we surveyed employers and senior employees. Companies were included in the sample, and we limited ourselves to medium-sized and large companies in Slovenia according to the provisions of the Companies Act. We used simple random sampling to form the final sample of companies. Based on a random selection, we included 1,000 companies in the final sample, of which 472 companies and 1,086 senior employees responded. We have found that there is a statistically significant positive impact of maintaining the work ability of older employees on their work engagement in medium-sized and large companies in Slovenia. By creating an appropriate working environment for older employees, companies can achieve a significant increase in the work engagement of the elderly and contribute to the improvement of the management of older employees.

VPLIV ORGANIZACIJSKE ZMOŽNOSTI MREŽENJA HITRO RASTOČEGA PODJETJA NA ZAZNANO FINANČNO USPEŠNOST

VPLIV ORGANIZACIJSKE ZMOŽNOSTI MREŽENJA HITRO RASTOČEGA PODJETJA NA ZAZNANO FINANČNO USPEŠNOST
(THE INFLUENCE OF HIGH-GROWTH ENTERPRISES’ NETWORK CAPABILITIES ON PERCEIVED FINANCIAL PERFORMANCE)

Author(s):Blaž Frešer, Karin Širec, Polona Tominc
Language:Slovenian
Subject(s):Socio-Economic Research
Page Range:497-504
No. of Pages:8
Keywords:Fast growing company; organizational ability to network; financial success;
Summary/Abstract:Rapidly growing companies have proven to be an important element for creating jobs, innovative ideas, social welfare and progress. Broad knowledge about the importance of fast-growing companies comes from very diverse research in the mentioned field, which is primarily focused on explaining the meaning of entrepreneurship, the characteristics of companies (demographic factors) and the impact on the creation of employment and the creation of economic growth. In the latter, we could also include the field of studying the financial success of fast-growing companies, because in the example, if a fast-growing company was financially successful, it could operate (and employ) at the level expected for the company. Kot proposes the theory of networking, because the organizational ability to network represents an important aspect of shaping the company's financial success. The organizational ability to network has proven to be an important factor that can influence financial success, both directly and indirectly through the influence on access to financial resources and information that the company has at its disposal. In this paper, we analyze the influence of organizational networking capabilities on financial success based on a sample of n=125 fast-growing companies from the Republic of Slovenia. The research is based on a random sample of fast-growing companies that were included in the list of fast-growing companies at least once between 2011 and 2016 according to the methodology of the Agency of the Republic of Slovenia for Public Legal Records and Services. The results confirm the findings of previous research, although we found only the existence of weak, statistically significant, positive effects from the analysis. The results thus indicate the importance of organizational networking capabilities, the importance of which in the ecosystem of fast-growing companies cannot be ignored.

RANGIRANJE VISOKOŠKOLSKIH USTANOVA U SISTEMU MENADŽMENTA KVALITETA AHP METODOM PRIMENOM ALATA POSLOVNE INTELIGENCIJE

RANGIRANJE VISOKOŠKOLSKIH USTANOVA U SISTEMU MENADŽMENTA KVALITETA AHP METODOM PRIMENOM ALATA POSLOVNE INTELIGENCIJE
(RANKING OF HIGHER EDUCATION INSTITUTIONS IN QUALITY MANAGEMENT SYSTEM BY AHP METHOD WITH USE OF BUSINESS INTELLIGENCE TOOLS)

Author(s):Nedeljka Živković, Nemanja Deretić
Language:Serbian
Subject(s):Business Economy / Management, ICT Information and Communications Technologies
Page Range:505-513
No. of Pages:9
Keywords:higher education; higher education institution; AHP method; research; software;
Summary/Abstract:The topic of this paper is based on the fact that the ranking procedure of higher education institutions requires a thorough and systematic process, due to the fact that higher education institutions are specific institutions of a service nature. European systems of higher education (countries signatory to the Bologna Declaration), as well as increasing competition in the market for the provision of higher education services, impose the need to rank higher education institutions. The ranking of higher education institutions aims to recognize quality in the function of higher education. The research problem was discussed and solved based on various criteria using the Expert Choice software. The application of the Analytical Hierarchy Process (AHP) as a decision-making tool in the field of higher education is based on different indicators, with comparable criteria. The paper presents the selection of the best alternative and a hierarchical presentation of the ranking level. The hierarchical display of the ranking level was done by separating the more significant attributes from the less significant ones within four higher education institutions. The analysis included four higher education institutions in the territory of the city of Belgrade, from the Republic of Serbia.

NANO-TEHNOLOŠKE AKTIVNOSTI: DIFERENTNOST POZICIJE IZMEĐU MANJE I NAJMANJE AKTIVNIH ZEMALJA U KVANTITETU I KVALITETU

NANO-TEHNOLOŠKE AKTIVNOSTI: DIFERENTNOST POZICIJE IZMEĐU MANJE I NAJMANJE AKTIVNIH ZEMALJA U KVANTITETU I KVALITETU
(NANO-TECHNOLOGICAL ACTIVITIES: DIFFERENCE BETWEEN THE POSITION OF LESS AND MINIMUM ACTIVE COUNTRIES IN THE QUANTITY AND THE QUALITY)

Author(s):Vesna Milanović, Katarina Radosavljević Njegić, Nikolina Vrcelj
Language:Serbian
Subject(s):Business Economy / Management, Socio-Economic Research
Page Range:515-529
No. of Pages:15
Keywords:difference in position; quantity and quality of nano-technological activity
Summary/Abstract:This paper presents the difference in the position between the least and least active countries in the quantity and quality of nano-technological activity in the period 2008-2017. year. The difference in the position of these countries was observed through the number of nano-technological publications as an indicator of quantity, and the total and average number of citations as an indicator of quality. Statnano data on observed indicators were used. The aim of this paper was to provide an insight into the difference in the position of the observed countries within the group and between the groups in the quantity and quality of nano-technological activity in the period 2007-2018.

NEZADOVOLJSTVO KAO OBLIK POSLIJEKUPOVNOG VREDNOVANJA I RAZVIJANJA ODNOSA SA POTROŠAČIMA

NEZADOVOLJSTVO KAO OBLIK POSLIJEKUPOVNOG VREDNOVANJA I RAZVIJANJA ODNOSA SA POTROŠAČIMA
(DISSATISFACTION AS A FORM OF AFTER PURCHASE VALUATION AND DEVELOPMENT OF THE RELATIONSHIP WITH CONSUMERS)

Author(s):Marina Guzovski, Mirjana Nedović Čabarkapa, Katarina Vucko
Language:Croatian
Subject(s):Socio-Economic Research
Page Range:531-538
No. of Pages:7
Keywords:consumer behavior; dissatisfaction; post-purchase evaluation; consumer retention; marketing;
Summary/Abstract:Making a purchase decision for a consumer is an important process that includes a series of sub-processes from realizing a need, searching for the necessary information, evaluating alternatives based on the collected information (choices) and purchasing a specific product or using a specific service. In the very process of making a purchase decision, the consumer forms his expectations, which in the post-purchase process, as the last phase of the purchase process, he evaluates and expresses his satisfaction or dissatisfaction with the choice among all the other alternatives he had to choose from. Post-purchase dissonance represents the difference between consumer expectations and choices in the purchase process. If the difference is greater in the post-purchase process itself, there is dissatisfaction expressed by the customer through negative communication, giving up future purchases or complaints. In response to consumers' reactions to dissatisfaction, and in order to retain existing consumers and maintain loyalty, companies use various marketing strategies and techniques such as: individualization of marketing, developing relationships with consumers, creating databases on expectations, i.e. feedback on product features, information on product use as well as guarantees and more. Applying an appropriate marketing strategy in the post-purchase period in the form of information and assistance, application and way of using the purchased product, about guarantees, additional services with the purchased product are just some of the ways to increase consumer satisfaction. The paper presents the results of research on consumer reactions to dissatisfaction (forms, frequency of expression, etc.) towards the seller, manufacturer or some other legal institution, and the success of turning dissatisfaction into satisfaction and retaining consumers.

ORGANIZACIJSKA S ERGONOMIJA V MANAGEMENTU TURISTIČNIH STORITEV PRI DOSEGANJU PSIHOSOCIALNE DOSTOPNOSTI GOSTA S POSEBNIMI POTREBAMI

ORGANIZACIJSKA S ERGONOMIJA V MANAGEMENTU TURISTIČNIH STORITEV PRI DOSEGANJU PSIHOSOCIALNE DOSTOPNOSTI GOSTA S POSEBNIMI POTREBAMI
(ORGANIZATIONAL ERGONOMICS OF HOSPITALITY SERVICE MANAGEMENT TO REACH PSYCHOSOCIAL ACCESSIBILITY FOR GUESTS WITH SPECIAL NEEDS)

Author(s):Darija Cvikl
Language:Slovenian
Subject(s):Tourism
Page Range:539-545
No. of Pages:7
Keywords:Accessible tourism; guests with special needs (GPP); psychosocial needs; ergonomics of hospitality services;
Summary/Abstract:The subject research represents an innovative approach to the organizational ergonomics of hospitality services in tourism management. It also helps to create added value in achieving the satisfaction of guests with special needs, in particular with the study of specific skills needed to work with guests with special needs. This article points to the fact that guest satisfaction as the highest value in the tourism industry is treated very selectively, since the sector does not provide psychosocial accessibility for guests with special needs, but the entire sector tries to satisfy only guests without special needs. The purpose of the conducted study is to inform and encourage employees in hospitality establishments to communicate with guests with special needs and overcome basic communication obstacles, as mandated by the ethical code of the WTO (1999), Article 7, which advocates the equal right to tourism for all, including persons with special needs. The contribution to the profession is primarily that it offers well-founded and relevant professional recommendations to the management of hospitality and tourism services for the care of guests with special needs and the elimination of communication barriers that otherwise lead to problems, embarrassments and unpleasant situations. To date, far too little research has been done on the subject of psychosocial accessibility and satisfaction of guests with special needs within accessible tourism. Apart from physical and economic accessibility and access to information, psychosocial accessibility is the least developed area of accessible tourism, which needs to be thoroughly researched. The methodology of the work was carried out in such a way that a questionnaire was created to obtain feedback from guests with special needs. The segment of invited guests, tourist and hospitality workers, who, with glasses that simulate blindness, were placed in the role of a blind and partially sighted guest during the educational training. In the theoretical part with findings in the literature, meanwhile, the practical part based on the observation method included an educational training, in which thirty-one (31) professional workers from hotel and tourism organizations, with many years of experience in security, reception, kitchen, housekeeping, etc., assumed the role of a blind but partially sighted guest who was served a three-course dinner. The interpretation of the service was accompanied at every step by the expert commentary of a therapist working with blind and partially sighted guests. Also, at the end of the performance part, the participants of the event distributed a handbook or brochure for dealing with blind and partially sighted guests in tourism and hospitality. The analysis of the results of the feedback showed that the need for training of tourist and hospitality staff to work with guests with special needs is extremely strong and that specifics when communicating with a guest with special needs are real and extremely important if we want to serve such a guest with quality. In the final part of the contribution, recommendations for further work are given.

ODLUČIVANJE U SAVREMENIM USLOVIMA

ODLUČIVANJE U SAVREMENIM USLOVIMA
(THE DECISION MAKING IN CONTEMPORARY CONDITIONS)

Author(s):Slobodan N. Bracanović
Language:Serbian
Subject(s):Business Economy / Management
Page Range:547-558
No. of Pages:11
Keywords:Deciding; determinants; forms; phases; stages; will; energy; persistence;
Summary/Abstract:Decision-making is one of the most difficult human activities, especially in the domains of management and leadership, i.e. management and entrepreneurship. Indecisiveness is characterized by the possibility of making wrong decisions. The area of decision-making has been objectively and partially explored.

RAZNOLIKOST ODNOSA IZMEĐU KOMUNIKACIJE, GRUPNE KOHEZIJE I ISHODA NA RAZLIČITIM NIVOIMA

RAZNOLIKOST ODNOSA IZMEĐU KOMUNIKACIJE, GRUPNE KOHEZIJE I ISHODA NA RAZLIČITIM NIVOIMA
(THE DIVERSITY OF THE RELATIONSHIP BETWEEN COMMUNICATION, GROUP COHESION,AND OUTCOMES AT DIFFERENT LEVELS)

Author(s):Jelena Z. Golubović, Vesna Milanović, Andrea D. Bučalina Matić
Language:Serbian
Subject(s):Business Economy / Management, Socio-Economic Research
Page Range:559-567
No. of Pages:9
Keywords:group cohesion; communication; satisfaction; performance; relationships; diversity;
Summary/Abstract:The paper presents the variety of relationships between communication, group cohesion and outcomes, i.e. satisfaction and performance that were observed at the individual and group level. Communication was observed through informational and relational dimensions, face-to-face communication and electronic communication. Group cohesion was observed through the dimension of group task cohesion and the social dimension of group cohesion. Performance was observed through individual job performance, group task performance, and contextual performance. Satisfaction was observed through individual job satisfaction and group task satisfaction. All the mentioned variables have the characteristic of multidimensionality, which makes their interrelationships complex and still insufficiently clear. That is why they are still a current area of research that has a multidisciplinary character. The goals of this work are: 1) to present group cohesion, communication, satisfaction and performance as multidimensional constructs 2) to present important findings of previous research on their mutual relationships and to draw conclusions on the basis of the relationships in which their individual dimensions are found. Accordingly, the structure of the work was set. The research of relevant literature was conducted during the last quarter of 2018. The obtained results confirm the complexity of all variables, and the diversity of their mutual relations, which are arranged through three units: communication - performance, communication - group cohesion; group cohesion - performance; group cohesion - satisfaction - performance.

ВЛИЈАНИЕ И ПРИМЕНA НА ИНТЕРНЕТ МАРКЕТИНГ СТРАТЕГИИ ВО КОМПАНИИТЕ ЗА ПРОИЗВОСТВО И ПРОМЕНТ НА СИТЕН АЛАТ ВО РЕПУБЛИКА МАКЕДОНИЈА

ВЛИЈАНИЕ И ПРИМЕНA НА ИНТЕРНЕТ МАРКЕТИНГ СТРАТЕГИИ ВО КОМПАНИИТЕ ЗА ПРОИЗВОСТВО И ПРОМЕНТ НА СИТЕН АЛАТ ВО РЕПУБЛИКА МАКЕДОНИЈА
(THE IMPACT AND THE IMPLEMENTATION OF INTERNET MARKETING STRATEGIES IN POWER TOOLS COMPANIES IN REPUBLIC OF MACEDONIA)

Author(s):Dimitar Jovevski, Snezana Ristevska Jovanovska, Elena Spirova
Language:Macedonian
Subject(s):Marketing / Advertising, ICT Information and Communications Technologies
Page Range:569-582
No. of Pages:13
Keywords:internet marketing strategies; implementation of digital marketing strategies; companies for production and promotion of online tools;
Summary/Abstract:Internet marketing is also known as e-marketing, web marketing or digital marketing and is a general term for conducting marketing activities for products and/or services online as well as many other general terms. Internet marketing means different things to different people. While the obvious goal of Internet marketing is to sell products and services or to carry out promotion via the Internet, companies can communicate via the Internet, transmit or exchange messages about themselves or conduct research. Internet marketing can be a very effective tool for identifying the target market or for discovering marketing segments and their needs and desires. From a marketing point of view, social media are becoming more and more important, but many businesses are unsure whether the adoption of social media will improve the top line if there are difficulties in harmonizing marketing activities through social media with increasing sales.

THE IMAGE MANAGEMENT STRATEGY THROUGH SOCIAL NETWORKS. AN ANALYSIS OF THE BANKING ENVIRONMENT IN ROMANIA

THE IMAGE MANAGEMENT STRATEGY THROUGH SOCIAL NETWORKS. AN ANALYSIS OF THE BANKING ENVIRONMENT IN ROMANIA
(THE IMAGE MANAGEMENT STRATEGY THROUGH SOCIAL NETWORKS. AN ANALYSIS OF THE BANKING ENVIRONMENT IN ROMANIA)

Author(s):Victor-Alexandru Briciu, Arabela Briciu, Ștefania – Maria Găitan
Language:English
Subject(s):ICT Information and Communications Technologies, Socio-Economic Research
Page Range:583-587
No. of Pages:5
Keywords:image; image management; social networks; banks; content analysis;
Summary/Abstract:Online self-presentation methods are becoming more and more difficult to manage today because communication technology limits user control over the information they use to strategically present themselves. By comparing older communications platforms (e.g., online chat rooms) where all the information was provided, today’s web is defined by user-generated content and allows both sides to communicate in a public environment. While self-presentation and impression management are similar concepts that are closely related, there is a consensus in the literature that impression management is a process by which individuals try to control the image that others are forming about those individuals or organizations. The size and diversity of online social networks are associated also with strategic self-representations as actions in which individuals present themselves in a way that suits the audience’s expectations. Clearly, self-disclosure is an essential mechanism in developing and maintaining relationships. Therefore, the larger the size of the online social networks, the more individuals need to provide more information about themselves. The present paper aims to briefly present the ways of communication and promotion of the banks in Romania through the online environment and especially the identification and analysis of the ways in which those banks communicate and promote through the Facebook social network.

ORGANIZATIONAL INNOVATION AND FIRM PERFORMANCE: A STUDY OF ALBANIAN FIRMS

ORGANIZATIONAL INNOVATION AND FIRM PERFORMANCE: A STUDY OF ALBANIAN FIRMS
(ORGANIZATIONAL INNOVATION AND FIRM PERFORMANCE: A STUDY OF ALBANIAN FIRMS)

Author(s):Rezart Prifti
Language:English
Subject(s):Business Economy / Management, Socio-Economic Research
Page Range:589-598
No. of Pages:9
Keywords:Organizational innovation;Technical innovations;Administrative innovation;Firm Innovativeness;Dual core theory;Innovation radicalness;Ambidextrous theory;
Summary/Abstract:Organizational innovation theories mostly utilize a dichotomous division between types of innovation and stages of innovation. For instance, the dual core theory dissects innovation in administrative and technical dimensions, hereby emphasizing the dissimilarities between technical and social systems of an organization (Daft 1978; Damanpour & Evan 1984). Moreover, the theory of innovation radicalness uses a different phrasing of organizational innovativeness, whereas the ambidextrous theory of innovation examines how an organization adopts certain innovations by identifying two separate stages. This paper’s purpose is to investigate how organizational innovation affects two other aspects of innovation – technical and administrative innovation – which comprise the general innovation construct. The study was conducted employing a sample of 100 Albanian firms, where the organizational innovation model has been enquired to test the effect it exercises on general organizational innovativeness (simply referred to as innovation). This structure is further controlled by the influence of several independent variables, including company size, employee education level, production vs. service-based orientation, and whether the firm sources its research and development (R&D) activities internally or externally. Despite some inconclusive evidence, the empirical findings presented in this study demonstrate an overall positive relationship between organizational innovation and firm innovative activity, as related to technical and administrative innovation. To the best of the author’s knowledge, this is the only Albanian study that measures organizational innovation and firm innovativeness.

GENDER INEQUALITY ON THE MACEDONIAN LABOUR MARKET

GENDER INEQUALITY ON THE MACEDONIAN LABOUR MARKET
(GENDER INEQUALITY ON THE MACEDONIAN LABOUR MARKET)

Author(s):Aleksandra Lozanoska, Elizabeta Djambaska, Vladimir Petkovski
Language:English
Subject(s):Gender Studies, Human Resources in Economy, Socio-Economic Research
Page Range:599-606
No. of Pages:8
Keywords:gender inequality;labour market;employment;unemployment;Republic of Macedonia;
Summary/Abstract:The labour market is facing different forms of inequality and discrimination against workers on the basis of gender, age and health. Gender gaps are one of the most pressing challenges. Globally, women are substantially less likely than men to participate on the labour market and to find jobs. Their access to quality employment opportunities is limited. Many researches have shown that there is a significant difference between the genders, in terms of the wage levels, occupation, working hours, economic status, duration of the unemployment etc. The research hypothesis of the paper is that Republic of Macedonia has gender inequality on its labour market, seen through different position of men and women regarding their economic activity, employment and unemployment. The aim of the paper is to identify the level of gender inequality and the differences between men and women on the Macedonian labour market. The paper consists of two segments. The first is focused on the theoretical aspects of the gender inequality, as well as on the measures and indicators which can determine the scale of gender inequality. In the second part, the situation on the Macedonian labour market regarding the position and differences between men and women is observed. For that purpose, the economic activity, employment and unemployment of men and women (by age, educational attainment, economic status, working hours, sectors of activity, occupations, wages and other) is analyzed. The results of the analysis show that the position of women was and remains worse than of the men. It is seen in their lower participation in the economic activity and employment in the country, in the higher unemployment rates, longer unemployment, lower wages, in an increase of the average time to find work, in the proportion of women in traditionally female occupations etc. The gender inequality demands more attention in order to improve existing legislation and to implement labour market policies which will ensure higher participation of women on the labour market. Therefore, the paper, also, notes some recommendations to overcome the unfavorable situation of women on the Macedonian labour market. The study of the gender inequality on the Macedonian labour market is made for the last decade, using the available data from the State Statistical office of the Republic of Macedonia. For the purpose of the research, reports, data and statistical analyses on gender inequality from different international institutions (Eurostat, World Bank, World Economic Forum and International Labour Organization) are also used. Concerning the methodology, the study is based on the qualitative methods such as: analysis of literature and documents and deductive reasoning, as well as on the quantitative method of descriptive statistics.

THE IMPACT OF APPLYING NEW TECHNOLOGIES TO THE DEVELOPMENT OF MODERN BANKING

THE IMPACT OF APPLYING NEW TECHNOLOGIES TO THE DEVELOPMENT OF MODERN BANKING
(THE IMPACT OF APPLYING NEW TECHNOLOGIES TO THE DEVELOPMENT OF MODERN BANKING)

Author(s):Dijana Grahovac, Senad Softić
Language:English
Subject(s):ICT Information and Communications Technologies
Page Range:607-616
No. of Pages:10
Keywords:modern technologies;digitalization;modern banking vs. traditional banking;employee reduction;
Summary/Abstract:With the development of new technologies and sort of technological revolution, every business has experienced a transformation, in terms of the need to introduce new technologies, in order to achieve the highest level of competitiveness in the changed conditions of the present time, in the era of globalization. Banking is one of the areas that has experienced significant changes in the way of doing business for the last decade through the digitalization process. New business models with clients have been developed, as well as new products, which modern technology allows. The paper presents differences between the modern and traditional banking, which were created by the introduction of modern technologies in this field, as well as some negative effects of such trends, which are primarily reflected in the reduction of the number of employees in this field.

VOLATILITY OF EUA PRICES AND IT’S CONNECTION WITH THE PRICE OF FOSSIL FUELS AND ELECTRICITY

VOLATILITY OF EUA PRICES AND IT’S CONNECTION WITH THE PRICE OF FOSSIL FUELS AND ELECTRICITY
(VOLATILITY OF EUA PRICES AND IT’S CONNECTION WITH THE PRICE OF FOSSIL FUELS AND ELECTRICITY)

Author(s):Domagoj Vulin, Maja Arnaut, Lucija Jukić, Daria Karasalihović Sedlar
Language:English
Subject(s):Supranational / Global Economy, Energy and Environmental Studies
Page Range:617-623
No. of Pages:7
Keywords:energy price volatility;EU ETS;EUA prices;CCS;long-term investments;oil and gas industry;
Summary/Abstract:Prices of electricity, oil, and gas are analyzed by terms of statistical distribution of price change and volatility of price change. The best time window was determined to determine signal of price change in such manner that the change of one parameter (i.e. price) precedes the change of the other with the expected time delay. Student’s distribution has shown good matching with price changes. EUA price is shows great variations, and strongly depends on the period. Back-loading of EUA prices issued by European Commission caused extreme drift in price making prediction of feasibility of longterm investments in Carbon Capture (Utilization) And Storage extremely unreliable.

DECENTRALIZATION OF THE WATER INDUSTRY IN THE CONTEXT OF ECONOMIES IN TRANSITION (ON THE EXAMPLE OF THE CZECH REPUBLIC BETWEEN 1992-1998)

DECENTRALIZATION OF THE WATER INDUSTRY IN THE CONTEXT OF ECONOMIES IN TRANSITION (ON THE EXAMPLE OF THE CZECH REPUBLIC BETWEEN 1992-1998)
(DECENTRALIZATION OF THE WATER INDUSTRY IN THE CONTEXT OF ECONOMIES IN TRANSITION (ON THE EXAMPLE OF THE CZECH REPUBLIC BETWEEN 1992-1998))

Author(s):Michal Fanta, Radek Soběhart, Jiřina Jílková
Language:English
Subject(s):Socio-Economic Research, Green Transformation
Page Range:625-634
No. of Pages:10
Keywords:deregulation;transition;transformation;privatization;water industry;public service;
Summary/Abstract:This research focuses on network industries, specifically on water industry in the context of the Czech economy in transition between 1992-1998, primarily on describing the state of the water industry towards the end of the 1980s, on key legislative changes between 1991-92 that touched upon key administrative questions and the future ownership of the water network and water market – the Czech Republic chose a specific way to approach the transformation of the water industry by gratuitously transferring the ownership of the previously state-owned infrastructural properties to individual cities and municipalities. Next part of paper outlines the effectiveness of such (de)regulation process based on development of key industry indicators. Very slow development of industry indicators and lack of state financial support for capital investment in water infrastructure led to the subsequent privatization of water companies, which can be considered as a completely rational outcome of unsustainable market developments.

DIFFERENCES IN INNOVATION PERFORMANCE OF VISEGRAD GROUP REGIONS

DIFFERENCES IN INNOVATION PERFORMANCE OF VISEGRAD GROUP REGIONS
(DIFFERENCES IN INNOVATION PERFORMANCE OF VISEGRAD GROUP REGIONS)

Author(s):Eva Ivanová, Jana Masárová
Language:English
Subject(s):National Economy
Page Range:635-640
No. of Pages:6
Keywords:Innovation;innovation performance;Regional innovation index;Visegrad group countries;
Summary/Abstract:Innovations play a significant role in the social and economic development of countries and regions. They have an impact on economic level and contribute to reducing the regional disparities. The innovation performance of regions can be evaluated by different ways using a number of diverse indicators. In this article we evaluate the innovation performance of regions using the data from the Regional Innovation Index by Regional Innovation Scoreboard. The aim of this article is to evaluate the innovation performance and the differences in innovation performance of NUTSII regions of Visegrad Group using selected variability variables. The method of analysis, mathematical-statistical methods, comparison and synthesis are used. Our research has shown that the highest innovation performance is performed by the regions of Praha and the Bratislava region. The largest relative differences in innovation performance between Visegrad Group regions are in indicators: Public private co publications, International scientific co publications, SMEs with marketing or organizational innovations and Innovative SMEs collaborating with others (more than 54%). The smallest differences are in indicators: Exports of medium high/high-technology intensive manufacturing, Most cited scientific publications, Trademark applications, and Non R&D innovation expenditures.

ASSESSMENT OF THE LABOUR MARKET SITUATION IN THE VISEGRAD GROUP CAPITAL REGIONS

ASSESSMENT OF THE LABOUR MARKET SITUATION IN THE VISEGRAD GROUP CAPITAL REGIONS
(ASSESSMENT OF THE LABOUR MARKET SITUATION IN THE VISEGRAD GROUP CAPITAL REGIONS)

Author(s):Jana Masárová, Eva Koišová
Language:English
Subject(s):Human Resources in Economy, Socio-Economic Research
Page Range:641-647
No. of Pages:7
Keywords:labour market;human resources;employment;unemployment;long-term unemployment;tertiary education;Visegrad Group;capital regions;
Summary/Abstract:Over time, social, economic, historical and political events in countries have established conditions for uneven regional development. Uneven regional development is conditioned by resources of the region, such as physical characteristics, human resources, technical, economic and social conditions. Economic and social developments in the state and individual regions have a direct impact on the labour market. The differences in the labour market are sensitively perceived, because of the potential for disproportionate differences in the living standard of inhabitants of individual regions. In most countries, the best-performing regions are the capital regions. The aim of the paper is to examine and evaluate the situation on the labour market in the capital regions of the Visegrad Group (Bratislavský kraj, Praha, Közép-Magyarország and Mazowieckie) using selected indicators of labour market. We use the time series analysis of selected indicators, mathematical-statistical methods, comparison and synthesis in this article. The statistical data are drawn from the Eurostat database. Our research has shown that the best results of the labour market indicators are reported by the region of Praha.

THE DECLINING POWER OF BULGARIAN TRADE UNIONS IN THE PROCESS OF GLOBALIZATION AND DEVELOPMENT OF INFORMATION SOCIETY

THE DECLINING POWER OF BULGARIAN TRADE UNIONS IN THE PROCESS OF GLOBALIZATION AND DEVELOPMENT OF INFORMATION SOCIETY
(THE DECLINING POWER OF BULGARIAN TRADE UNIONS IN THE PROCESS OF GLOBALIZATION AND DEVELOPMENT OF INFORMATION SOCIETY)

Author(s):Marieta Hristova
Language:English
Subject(s):ICT Information and Communications Technologies, Socio-Economic Research
Page Range:649-656
No. of Pages:8
Keywords:Bulgarian trade unions;union density;union members;declining power;ESS;
Summary/Abstract:The goal of this report is to examine how the power of trade unions in Bulgaria has been declining over the past decades paralleled by similar European processes. Proof of this thesis includes indicators such as trade union density, coverage of collective bargaining, degree of centralization and decentralization of negotiation, etc. Data from the European Social Survey – fifth wave (2010) is analyzed to give an indication who and what the trade union members are and what are the factors that define the status of the workers as union members. The biggest challenges for trade unions are to cope with various changes that occur in the nature, content, and organization of work, employment and division of labour, as well as changing working, economic, cultural and social relationships.

MAKE OR BUY DECISIONS IN FACILITY MANAGEMENT: OPPORTUNITIES TO USE DATA ENVELPOMENT ANALYSIS (DEA)

MAKE OR BUY DECISIONS IN FACILITY MANAGEMENT: OPPORTUNITIES TO USE DATA ENVELPOMENT ANALYSIS (DEA)
(MAKE OR BUY DECISIONS IN FACILITY MANAGEMENT: OPPORTUNITIES TO USE DATA ENVELPOMENT ANALYSIS (DEA))

Author(s):Georgi Zabunov
Language:English
Subject(s):Economy, Socio-Economic Research
Page Range:657-663
No. of Pages:7
Keywords:Facility management;make or buy decisions;data envelopment analysis;
Summary/Abstract:Since modern buildings are complex facilities, the facility managers have to outsource many activities to other specialized companies. In this context, decisions to make or to buy become of key importance to facility management companies. This present paper proposes an approach for making a reasonable decision to make or to buy based on the use of data envelopment analysis (DEA).

WORK REHABILITATION OF THE UNEMPLOYED IN SELECTED EU COUNTRIES – OVERVIEW STUDY

WORK REHABILITATION OF THE UNEMPLOYED IN SELECTED EU COUNTRIES – OVERVIEW STUDY
(WORK REHABILITATION OF THE UNEMPLOYED IN SELECTED EU COUNTRIES – OVERVIEW STUDY)

Author(s):Alena Kajanová
Language:English
Subject(s):Human Resources in Economy, Socio-Economic Research
Page Range:665-672
No. of Pages:8
Keywords:Unemployment;work rehabilitation;active unemployment policy;
Summary/Abstract:Currently, there are large differences in unemployment among EU countries; Czech Republic (3.5%) and Germany (3.6%) have dealt with the problem very well in recent years, which is confirmed by the fact that their unemployment rates are the lowest across the EU. Countries like Finland (8.7%) and France (9.5%) are with their unemployment rate in the middle of the unemployment rate ranking, and Greece (21.0%) is among the countries with the worst unemployment rate (Eurostat, 2017). When working with unemployed people, it is very important to coordinate different approaches, as it is a problem of economics, but also psycho-sociology (Jurečka et al., 2013). In this study, we focus on work rehabilitation, which is one of the components of coordinated rehabilitation and in which we mainly use counselling, job mediation, and preparation for future occupations. The aim of this overview study is to define the work rehabilitation of unemployed people both in the Czech Republic and in selected EU countries. The comparison of different methods of work rehabilitation may be useful to improve the situation of the unemployed and to increase the employment rates in many countries. This study is based on sources from professional literature, websites and professional articles from databases SCOPUS, Ebsco and Google ScholarPro. The research method is textual analysis of documents.

CORRUPTION PERSISTENCE IN POSTSOCIALIST SOCIETIES: OPEN SECRETS OR UNDERESTIMATED ASPECTS?

CORRUPTION PERSISTENCE IN POSTSOCIALIST SOCIETIES: OPEN SECRETS OR UNDERESTIMATED ASPECTS?
(CORRUPTION PERSISTENCE IN POSTSOCIALIST SOCIETIES: OPEN SECRETS OR UNDERESTIMATED ASPECTS?)

Author(s):Zvonimir Savić, Ružica Šimić Banović, Ivana Bajakić
Language:English
Subject(s):Business Ethics, Socio-Economic Research, Corruption - Transparency - Anti-Corruption
Page Range:673-682
No. of Pages:10
Keywords:Corruption;Eastern Europe;Governance;
Summary/Abstract:Corruption presents an extreme case of lacking confidence in society’s official structure. It seems to be rather inevitable issue in transitional countries and appears to be closely related with the existence of relationship-based markets and their (too) slow transformation into impersonal rule-based markets. The evidence shows that corrupt deals impose high transaction costs and that corrupt relations are often embedded in legal relations. No part of the World might be considered fully excluded from corruption phenomenon. Yet, research in Eastern Europe indicates that people feel obliged to reward the help of others, especially when dealing with public sector employees. In addition, ordinary citizens consider petty corruption as a (legitimate) reward for given service and even if they use it often, they do not perceive themselves as bribe-givers or bribe-takers. This paper seeks to disentangle ambiguities, complexities and difficulties in its measurement. Therewith it contributes to the debate on corruption as one of the omnipresent informal practices, fine-tuning of its understanding and possibilities to address it in an efficient way.

THE STATIC AND DYNAMIC EFFECTS OF EUROPEAN INTEGRATION

THE STATIC AND DYNAMIC EFFECTS OF EUROPEAN INTEGRATION
(THE STATIC AND DYNAMIC EFFECTS OF EUROPEAN INTEGRATION)

Author(s):Witold Missalla
Language:English
Subject(s):EU-Approach / EU-Accession / EU-Development
Page Range:683-687
No. of Pages:5
Keywords:International integrations;European Market;innovation;technology;
Summary/Abstract:The Single European Market is one of the principal achievements of post-war Western European integration. The SEM is perceived as reference point of the whole European Union. In addition, all its members have to obey Union’s rules (Mercado et al, 2001). In March 1988 Paolo Cecchini was trying to estimate gains from the single market. Although his studies of integration were concerned with static and dynamic benefits from the common market, they were not very precise (El-Agraa, 2007). The greatest benefit of Single European Market can be found not in its once-off effect on resource allocation, but rather its dynamic effects: more innovation, faster productivity gains, greater investment and higher output growth (Baldwin, 1989). Especially innovation, which can be broadly divided into product and process development, is the key factor in the economic history of capitalist society (Rugman and Collinson, 2009). The new markets attract new investments and the entry of established and new companies (Piggott and Cook, 2006). According to Dent, “economists have established the concept of ‘technological accumulation’ whereby the technological advantage of countries, regions and firms is maintained by a so called ‘snowball’ effect” (1996:304). Consequently, economists assume that the growth of knowledge depends on future technological development. Unfortunately, there is a strong correlation between Europe’s recent low levels of economic growth and its technological performance compared to its rivals (Dent, 1996). The dynamic factors of Single European Market have a stronger impact on members of the European Union than the static effects of trade creation and diversion. The European integration can result in greater competitiveness between companies. They have to become more efficient in order to survive the increasingly competitive environment (Atkinson and Miller, 1998). Certainly, “all firms face more competition from other firms in their national market, but at the same time they have better access to the other EU markets” (Baldwin and Wyplosz, 2009:205). Furthermore, Europe’s weaker firms will merge or get bought up as a result of industrial restructure. Thus, bigger enterprises will be able to compete more successfully in the global markets (Baldwin and Wyplosz, 2009). All things considered, Cecchini Report underestimated economic gains from the Single European Market by taking into account mainly static effects of integration, whereas Baldwin suggested that the medium- run growth effect could roughly double the Cecchini estimates (Baldwin, 1989). As Mercado stated, “the single market is not a static concept but an ongoing process” (2001:116). As a result, of the European integration previously regulated and protected national markets have become more international in character, where more efficient companies are able to exploit the economies of scale and compete more effectively in world markets, selling products to countries outside the EU (Atkinson and Miller, 1998). However, in order to maintain competitiveness especially compared to the United States, the European Union must put more emphasis on the investment in new technology (Piggott and Cook, 2006). The technology is crucial to all strategies that aim improve corporate or economic performance (Dent, 1997). Finally, “the technological capability of firms, countries and regions is determined by their ability to generate, absorb and adapt to new technologies and innovatory processes” (Dent, 1997:305).

EXTENDED PRODUCER RESPONSIBILITY – THE ANSWER TO IMPLEMENTING CIRCULAR ECONOMY

EXTENDED PRODUCER RESPONSIBILITY – THE ANSWER TO IMPLEMENTING CIRCULAR ECONOMY
(EXTENDED PRODUCER RESPONSIBILITY – THE ANSWER TO IMPLEMENTING CIRCULAR ECONOMY)

Author(s):Elena Diana Căpriță
Language:English
Subject(s):Business Economy / Management, Green Transformation
Page Range:689-695
No. of Pages:7
Keywords:Circular economy;extended producer responsibility;recycle;waste;
Summary/Abstract:The implementation of sustainable development principles and the prioritization of the circular economy as a healthy alternative to economic growth force manufacturers to change their vision of production by incorporating effective measures and innovative techniques in order to protect the environment. Each Member State, including Romania, committed itself to the implementation of European legislation last year by properly transposing the circular economy package and ensuring sustainable economic development through the implementation of responsible production principles. An eloquent example would be the „polluter pays” principle, which implies the continued responsibility of producers and their involvement in a European Sustainable Development Mechanism, by internalizing the financial effort to protect the environment in the final price of the product, at the shelf. Although this principle was governed by Directive 2004/35/EC on Environmental Liability, transposition of the Directive has been progressively slow, with great differences between the Member States, even though the principle from which it started was the same: European producers to be accountable for both the pollution prevention action and the repair of any environmental damage, by providing the necessary expenses both with the prevention and the repair of the damages. The extended producer responsibility, as provided for in the European circular economy package, must be implemented by identifying sustainable production practices that do not jeopardize the productivity indices of economic agents. It seems to be the equation that will determine Europe’s success in the battle of global economic development (especially with the United States and with China), the main unknown of which consists precisely in the identification of innovative production methods that respect the very fragile economy- environment ratio.

DOES TECHNOLOGY WIN OVER HUMANS?

DOES TECHNOLOGY WIN OVER HUMANS?
(DOES TECHNOLOGY WIN OVER HUMANS?)

Author(s):Zdenek Dytrt, Darja Holátová
Language:English
Subject(s):ICT Information and Communications Technologies, Socio-Economic Research
Page Range:697-704
No. of Pages:8
Keywords:technology;human;managerial ethics;
Summary/Abstract:The dynamic development of the world is realized by changes in the current state, i.e. innovations, the parameters of which would allow relatively fast, even incomprehensive effects, from which competitive advantages and financial benefits are expected. On the contrary, it delivers quantitative values without their desirable quality that would satisfy the demands and expectations of innovation. Responsible management requires not only quantitative values, such as project or material and costs incurred, etc. It requires qualitative innovation to meet the ethical needs and social interests of the surroundings, and not just of the customer or the producer. We are talking about quantitative and qualitative innovations. Quantitative information can be tracked to a large extent during the implementation of innovation through the supplier’s technical inspection. The qualitative values of innovation are gained by demonstrating its usefulness by observing technical and economic parameters, ethical and legal requirements and goals. It is too late to judge the qualitative values of innovation after their implementation. Solving the problems of the current state or activity depends on the quality of decision and the definition of invention. It differs according to the degree of respect for the principles of managerial ethics and the difficulty of innovation. This is true regardless of whether the decision concerns a working or personal environment. It is certain, however, that only humans are able to decide and ethically solve the problem. Effective decisions depend on the level of responsibility and respect for ethical values when designing and implementing innovation. This article and research were created with the financial support of scientific research at the Faculty of Economics of the University of South Bohemia in České Budějovice: Project 103 RVO / EF-IGS2017 – IGS09C1 – Ethics in Business Management.

COMPARATIVE ANALYSIS OF FEASIBILITY OF DIFFERENT CO2 STORAGE SCENARIOS

COMPARATIVE ANALYSIS OF FEASIBILITY OF DIFFERENT CO2 STORAGE SCENARIOS
(COMPARATIVE ANALYSIS OF FEASIBILITY OF DIFFERENT CO2 STORAGE SCENARIOS)

Author(s):Maja Arnaut, Domagoj Vulin, Lucija Jukić, Daria Karasalihović Sedlar
Language:English
Subject(s):Supranational / Global Economy, Green Transformation
Page Range:705-716
No. of Pages:12
Keywords:CO2-EOR;CUS;CO2 storage;flaring emissions;
Summary/Abstract:Carbon dioxide injection is the most used enhanced oil recovery (EOR) method and the benefit, besides additional oil recovery, which lies in the fact that in this process carbon dioxide retention in the reservoir occurs. Depleted reservoirs are more promising candidates for the carbon dioxide storage than aquifers and other geological formations since they are well characterized i.e., the reservoir properties are more certain because of the data gathering and reservoir model improvement during production lifetime. Since the hydrocarbon reservoirs retained fluids through geological time scale, they can be considered as proven traps that can retain fluids for a long time. Possibilities for CO2 storage (CCS) and usage for EOR (carbon utilization and storage, CUS) have been extensively evaluated, but comparison of economic parameters is hard to perform. This paper presents the impact of key parameters on hydrocarbon production and stored carbon dioxide. The threshold values for operating costs, capital investments, and discount rate were tested by ESCOM application, enabling the evaluation of different reservoir sizes and conditions in the reservoir for CCS and CUS.

ANALYSIS OF THE EUROPEAN UNION COUNTRIES ON THE BASIS OF SELECTED MACROECONOMIC INDICATORS USING THE DISTANCE METHOD FROM THE FICTITIOUS OBJECT

ANALYSIS OF THE EUROPEAN UNION COUNTRIES ON THE BASIS OF SELECTED MACROECONOMIC INDICATORS USING THE DISTANCE METHOD FROM THE FICTITIOUS OBJECT
(ANALYSIS OF THE EUROPEAN UNION COUNTRIES ON THE BASIS OF SELECTED MACROECONOMIC INDICATORS USING THE DISTANCE METHOD FROM THE FICTITIOUS OBJECT)

Author(s):Ľubica Hurbánková, Dominika Krasňanská
Language:English
Subject(s):Economy, Supranational / Global Economy
Page Range:717-722
No. of Pages:6
Keywords:Distance method from the fictitious object;European Union countries;
Summary/Abstract:The aim of the paper is to compare the European Union countries on the basis of selected socio-economic and demographic indicators for the year 2016. The following indicators are selected for analysis: gross domestic product per capita, government gross debt as a percentage of gross domestic product, inflation rate, unemployment rate, total fertility rate, infant mortality rate and crude divorce rate. The contribution of the paper is the order of countries on the basis of the above-mentioned indicators, from the best country to the worst country using one of the multidimensional comparison methods – the distance method from the fictitious object. The aim of these methods is to replace a number of selected indicators, on the basis of which we compare EU countries, with one final characteristic – an integral indicator to order the countries. By creating an integral indicator, heterogeneous variables, which are expressed in different units and therefore can´t be direct aggregated, are transformed to homogeneous indicators. Since the used indicators do not have the same weights, by the calculation are used the data weighted by weights I (calculated using the coefficient of variation) and weights II (calculated on the basis of the correlation matrix). The application of individual statistical methods is implemented through the programme Microsoft Office Excel.

THE INFLUENCE OF PRODUCT LIFETIME ON REMANUFACTURING OF VEHICLE COMPONENTS

THE INFLUENCE OF PRODUCT LIFETIME ON REMANUFACTURING OF VEHICLE COMPONENTS
(THE INFLUENCE OF PRODUCT LIFETIME ON REMANUFACTURING OF VEHICLE COMPONENTS)

Author(s):Ahmet Toptas, Milan Fekete
Language:English
Subject(s):Economy
Page Range:723-734
No. of Pages:12
Keywords:Passenger Car Lifecycle;Vehicle Component Failure;Remanufacturing;Autonomous Driving;Electro Mobility;
Summary/Abstract:Improving the component quality of vehicles, machinery and equipment eliminates the need for remanufacturing of these components. In the article, we discuss the possible failure of vehicle components in product lifetime and the relation to remanufacturing. We tried to find an answer to the basic question of what influence has the development of the lifecycle of passenger cars and the changes of the main failure components on the need for remanufacturing. Statistical data as demographic, vehicle population and vehicle failure rates have been applied. In addition, the failure probabilities of cars and their components were determined. Our research shows, that in case the companies (OEM) want to act in an ecologically sensible way, they have two options. First option is, in case the components do not achieve the required service life, the companies should keep them as a guarantee. Second option is to cover 80% of the required components by remanufacturing solutions, whereby the components’ price is max. 80% of the new parts’ price over a period of up to 15 years after the end of the OEM production must be made available. Electro mobility and autonomous driving can have a positive or negative effect to remanufacturing. Which effect will appear is dependent on fulfillment of requirements of robust design and capable processes according to ISO 26262.

LEASING CONTRACT – SIMILARITIES AND DIFFERENCES WITH THE CONTRACT OF RENT

LEASING CONTRACT – SIMILARITIES AND DIFFERENCES WITH THE CONTRACT OF RENT
(LEASING CONTRACT – SIMILARITIES AND DIFFERENCES WITH THE CONTRACT OF RENT)

Author(s):Majlinda Belegu, Bashkim Rrahmani
Language:English
Subject(s):Business Economy / Management, Socio-Economic Research
Page Range:735-741
No. of Pages:7
Keywords:law;contract;leasing;norm;agreement;
Summary/Abstract:Social relations regulated with the legal norms are called judicial relations. There are cases when parties are in a situation to enter into the determined relations in order to achieve their goals. Goals are always achieved with the fulfillement of duties and with the realization of their rights. In the modern world, in addition to the contract of sales, contract of rent, credit contract, etc., there exist other contracts which can make buyer a legal possessor, after the fulfillment of the contractual obligations. Contracts are the more often forms of the legal relationships between contract parties. Before the contracts are signed several conditions shall be fulfilled. For their fulfillment, parties shall be careful, otherwise they may come to a situation of nonfulfillment and even to the annulment of the contracts. Paper deals with the norms which regulate conditions for signing a contract, including general and specific conditions, characteristics of the contract, the rights and the duties of the parties and the ways of extinction of the contract of leasing. Authors for the needs of this paper have used the method of legal analysis, method of comparison, method of description, and the method of systemic analysis. Thus through these methods the differences and similarities of this contract with the contract of rent will be explained and analysed along with specific cases from the practice. At the end, the ways of extinction will be explained and analised as the conclusion with the agreement, by missing deadliness; with the fulfillment; with the annulment; and with the extinction of the business society when it is in the role of lessor.

THE HUMAN – ROBOT COLLABORATION STAND IN A UNIVERSITY LAB

THE HUMAN – ROBOT COLLABORATION STAND IN A UNIVERSITY LAB
(THE HUMAN – ROBOT COLLABORATION STAND IN A UNIVERSITY LAB)

Author(s):Romeo Ionescu
Language:English
Subject(s):ICT Information and Communications Technologies, Socio-Economic Research
Page Range:743-748
No. of Pages:6
Keywords:collaborative robot;industrial robot;human-robot collaboration;
Summary/Abstract:This paper is the result of a study conducted in the faculty’s robotics laboratory. The study had a principal objective: to develop a working station with the help of which the possibility of human- robot collaboration in industrial applications would be tested; other indicators were also tracked, such as labor productivity. In the last couple of years, a new concept has been introduced, namely industrial robots working alongside factory workers. This way the tasks are shared between the humans and the robots. The robots even begin to look more and more human over the years, the so called cobots. The authors have as an example the collaborative robots produced in the last couple of years such as the robot produced by the Danish company Universal, the LBR IIWA robot produced by the company Kuka Robotics, etc. For the authors it is obvious the fact that industrial robots producers will keep developing more and more in the future in order to increase companies’ performance, especially because many industrially developed countries have reported a decrease in the workforce in the last couple of years. That is why we proposed a working station which will be used in the university’s lab, but which will also be given as an example to regional companies representatives. The work had several steps. The oldest but the dearest robot in the laboratory has been used, namely SCORBOT, predominantly meant for didactical laboratories, because it is a versatile, reliable robot, which is suitable for teaching and training students in robotics. The working stand has as components a robot, two deposits containing tools such as scredrivers, callipers or pliers, two deposits for assembly pieces and one deposit for finalized pieces. The tools’ presence is identified by the robot due to infrared rays emitted by these tool due to the fact that every tool holder has been equipped with presence sensors. The robot offers the worker tools, pieces, measurement devices in the order of the technological assembly process. Measurements for determining the time it takes the worker to assembly the pieces without the robot have been performed, then the same measurements were taken for when the robot was involved. A great improvement in productivity has been noticed. Another benefit of involving the robot is decreasing the level of tiredness for the worker if the time unit is chosen favorably. Needless to say, the robot’s implication means a higher productivity level which depends very much on the robot’s technical capabilities as well as the worker’s physical ones. However the real challenge and the essence of the robot- human collaboration is the avoidance of accidents. The workplace must be built in a way that would protect the human from the robot’s movements. The authors believe much will change in the industry due to the human- robot collaboration in the future.

EMAN 2019 / 3 – Economics & Management: How to Cope with Disrupted Times - CONFERENCE PROCEEDINGS EMAN 2019 / 3 – Economics & Management: How to Cope with Disrupted Times - CONFERENCE PROCEEDINGS

USE OF INFORMATION AND COMMUNICATION TECHNOLOGIES IN HOTELS

USE OF INFORMATION AND COMMUNICATION TECHNOLOGIES IN HOTELS (USE OF INFORMATION AND COMMUNICATION TECHNOLOGIES IN HOTELS)

LEADERSHIP SKILLS OF HOSPITALITY MANAGERS

LEADERSHIP SKILLS OF HOSPITALITY MANAGERS (LEADERSHIP SKILLS OF HOSPITALITY MANAGERS)

ZLOUPOTREBA SLUŽBENOG POLOŽAJA I OVLAŠĆENJA U PRAVU REPUBLIKE SRPSKE

ZLOUPOTREBA SLUŽBENOG POLOŽAJA I OVLAŠĆENJA U PRAVU REPUBLIKE SRPSKE (ABUSE OF OFFICIAL POSITION AND AUTHORITIES IN THE LAW OF REPUBLIKA SRPSKA)

THE ROLE OF THE ACADEMIC LIBRARIANSHIP IN THE ECONOMIC DEVELOPMENT: EXPERIENCE FROM SERBIA ON THE THRESHOLD OF 2020

THE ROLE OF THE ACADEMIC LIBRARIANSHIP IN THE ECONOMIC DEVELOPMENT: EXPERIENCE FROM SERBIA ON THE THRESHOLD OF 2020 (THE ROLE OF THE ACADEMIC LIBRARIANSHIP IN THE ECONOMIC DEVELOPMENT: EXPERIENCE FROM SERBIA ON THE THRESHOLD OF 2020)

HUMAN FACTOR AND METHODS OF GOVERNMENT AND BUSINESS MANAGEMENT

HUMAN FACTOR AND METHODS OF GOVERNMENT AND BUSINESS MANAGEMENT (HUMAN FACTOR AND METHODS OF GOVERNMENT AND BUSINESS MANAGEMENT)

THE FRANCHISE AGREEMENT TERMINATION WITH JUSTIFIED REASONS

THE FRANCHISE AGREEMENT TERMINATION WITH JUSTIFIED REASONS (THE FRANCHISE AGREEMENT TERMINATION WITH JUSTIFIED REASONS)

POLITICAL CULTURE OF THE REPUBLIC OF SERBIA AS A BASIS OF THE STABILITY OF THE POLITICAL SYSTEM

POLITICAL CULTURE OF THE REPUBLIC OF SERBIA AS A BASIS OF THE STABILITY OF THE POLITICAL SYSTEM (POLITICAL CULTURE OF THE REPUBLIC OF SERBIA AS A BASIS OF THE STABILITY OF THE POLITICAL SYSTEM)

LOGISTIČKI UPRAVLJAČKI POTENCIJALI DINAMIČKE USPJEŠNOSTI POSLOVANJA PODUZEĆA

LOGISTIČKI UPRAVLJAČKI POTENCIJALI DINAMIČKE USPJEŠNOSTI POSLOVANJA PODUZEĆA (LOGISTICS MANAGEMENT POTENTIALS OF COMPANY DYNAMIC SUCCESS)

EVALUATION OF PUBLIC SUPPORT PROGRAMMES IN FINANCING OF SMALL AND MEDIUM – SIZED ENTERPRISES

EVALUATION OF PUBLIC SUPPORT PROGRAMMES IN FINANCING OF SMALL AND MEDIUM – SIZED ENTERPRISES (EVALUATION OF PUBLIC SUPPORT PROGRAMMES IN FINANCING OF SMALL AND MEDIUM – SIZED ENTERPRISES)

MENADŽERSKA MREŽA I STILOVI LIDERSTVA NA PRIMJERU BANKARSKOG SEKTORA CRNE GORE

MENADŽERSKA MREŽA I STILOVI LIDERSTVA NA PRIMJERU BANKARSKOG SEKTORA CRNE GORE (MANAGEMENT NETWORK AND STYLES OF LEADERSHIP ON THE EXAMPLE OF THE BANKING SECTOR OF MONTENEGRO)

BUSINESS TO CUSTOMER (B2C) E–COMMERCE IN EU AND REPUBLIC OF CROATIA

BUSINESS TO CUSTOMER (B2C) E–COMMERCE IN EU AND REPUBLIC OF CROATIA (BUSINESS TO CUSTOMER (B2C) E–COMMERCE IN EU AND REPUBLIC OF CROATIA)

WORK BASED LEARNING IN THE INTER-REGIONAL AREA BETWEEN SLOVENIA AND NORTH-EASTERN ITALY

WORK BASED LEARNING IN THE INTER-REGIONAL AREA BETWEEN SLOVENIA AND NORTH-EASTERN ITALY (WORK BASED LEARNING IN THE INTER-REGIONAL AREA BETWEEN SLOVENIA AND NORTH-EASTERN ITALY)

STRATEGIC CHANGE PROCESS IN PRACTICE: FOUR CASE STUDIES IN KOSOVO

STRATEGIC CHANGE PROCESS IN PRACTICE: FOUR CASE STUDIES IN KOSOVO (STRATEGIC CHANGE PROCESS IN PRACTICE: FOUR CASE STUDIES IN KOSOVO)

TECHNOLOGY IN AN ERA OF GLOBALIZATION

TECHNOLOGY IN AN ERA OF GLOBALIZATION (TECHNOLOGY IN AN ERA OF GLOBALIZATION)

THE PROFITABILITY OF WATER COMPANIES DURING TEN YEARS

THE PROFITABILITY OF WATER COMPANIES DURING TEN YEARS (THE PROFITABILITY OF WATER COMPANIES DURING TEN YEARS)

TEACHING MEDIATION BY MEANS OF AN ONLINE PLATFORM

TEACHING MEDIATION BY MEANS OF AN ONLINE PLATFORM (TEACHING MEDIATION BY MEANS OF AN ONLINE PLATFORM)

THE SUPPORT OF INTERNATIONAL INTEGRATIONS AND INSTITUTIONS

THE SUPPORT OF INTERNATIONAL INTEGRATIONS AND INSTITUTIONS (THE SUPPORT OF INTERNATIONAL INTEGRATIONS AND INSTITUTIONS)

THEORY OF PUBLIC ADMINISTRATION MANAGEMENT – A RETROSPECTIVE VIEW

THEORY OF PUBLIC ADMINISTRATION MANAGEMENT – A RETROSPECTIVE VIEW (THEORY OF PUBLIC ADMINISTRATION MANAGEMENT – A RETROSPECTIVE VIEW)

MARKET, ORGANIZATION HIERARCHY AND NETWORK FORMS

MARKET, ORGANIZATION HIERARCHY AND NETWORK FORMS (MARKET, ORGANIZATION HIERARCHY AND NETWORK FORMS)

MODELLING THE INFLUENCE OF IT SUPPORT ON SUCCESS AT PUBLIC CALLS FOR PROJECT PROPOSALS

MODELLING THE INFLUENCE OF IT SUPPORT ON SUCCESS AT PUBLIC CALLS FOR PROJECT PROPOSALS (MODELLING THE INFLUENCE OF IT SUPPORT ON SUCCESS AT PUBLIC CALLS FOR PROJECT PROPOSALS)

PROCJENA EFIKASNOSTI VISOKOG OBRAZOVANJA U EU-28

PROCJENA EFIKASNOSTI VISOKOG OBRAZOVANJA U EU-28 (EFFICIENCY OF HIGHER EDUCATION IN THE EU-28: A COMPARATIVE ASSESSMENT)

AUDITING INTEGRITY – THROUGH CHALLENGE TO ADDED VALUE

AUDITING INTEGRITY – THROUGH CHALLENGE TO ADDED VALUE (AUDITING INTEGRITY – THROUGH CHALLENGE TO ADDED VALUE)

MJERENJE RELATIVNE EFIKASNOSTI SVEUČILIŠTA U HRVATSKOJ

MJERENJE RELATIVNE EFIKASNOSTI SVEUČILIŠTA U HRVATSKOJ (MEASURING THE RELATIVE EFFICIENCY OF CROATIAN UNIVERSITIES)

EMPLOYEE’S PERFORMANCE AS A RESULT OF SATISFACTION, INNOVATION AND EMPOWERMENT BY MANAGERS

EMPLOYEE’S PERFORMANCE AS A RESULT OF SATISFACTION, INNOVATION AND EMPOWERMENT BY MANAGERS (EMPLOYEE’S PERFORMANCE AS A RESULT OF SATISFACTION, INNOVATION AND EMPOWERMENT BY MANAGERS)

THE STAKEHOLDERS: A COMPARISON BETWEEN IAS/IFRS AND ITALIAN OIC STANDARDS FOR FINANCIAL REPORTING

THE STAKEHOLDERS: A COMPARISON BETWEEN IAS/IFRS AND ITALIAN OIC STANDARDS FOR FINANCIAL REPORTING (THE STAKEHOLDERS: A COMPARISON BETWEEN IAS/IFRS AND ITALIAN OIC STANDARDS FOR FINANCIAL REPORTING)

INDEPENDENCE OF PUBLIC PROCUREMENT AUTHORITY

INDEPENDENCE OF PUBLIC PROCUREMENT AUTHORITY (INDEPENDENCE OF PUBLIC PROCUREMENT AUTHORITY)

OTPREMA ROBE U REPUBLICI HRVATSKOJ PRIJE I POSLIJE ULASKA U EUROPSKU UNIJU

OTPREMA ROBE U REPUBLICI HRVATSKOJ PRIJE I POSLIJE ULASKA U EUROPSKU UNIJU (SHIPPING OF GOODS IN THE REPUBLIC OF CROATIA BEFORE AND AFTER ENTRY INTO THE EUROPEAN UNION)

ISTRAŽIVANJE ZADOVOLJSTVA PUTNIKA U ŽELJEZNIČKOM PROMETU REPUBLIKE HRVATSKE

ISTRAŽIVANJE ZADOVOLJSTVA PUTNIKA U ŽELJEZNIČKOM PROMETU REPUBLIKE HRVATSKE (THE RESEARCH ON PASSENGER SATISFACTION IN THE RAILWAY TRAFFIC OF THE REPUBLIC OF CROATIA)

PERFORMANCE MANAGEMENT AND TRANSFORMATION OF HUMAN RESOURCES IN STATE-OWNED RAILWAY TRANSPORT OF SERBIA

PERFORMANCE MANAGEMENT AND TRANSFORMATION OF HUMAN RESOURCES IN STATE-OWNED RAILWAY TRANSPORT OF SERBIA (PERFORMANCE MANAGEMENT AND TRANSFORMATION OF HUMAN RESOURCES IN STATE-OWNED RAILWAY TRANSPORT OF SERBIA)

TAX EVASION FLAG OF THE CONTEMPORARY ECONOMY

TAX EVASION FLAG OF THE CONTEMPORARY ECONOMY (TAX EVASION FLAG OF THE CONTEMPORARY ECONOMY)

WORKPLACE BEHAVIOR AND COMMITMENT TO THE ORGANIZATION

WORKPLACE BEHAVIOR AND COMMITMENT TO THE ORGANIZATION (WORKPLACE BEHAVIOR AND COMMITMENT TO THE ORGANIZATION)

UTICAJ SOCIO-KULTUROLOŠKOG OKRUŽENJA NA OBAVLJANJE MARKETING AKTIVNOSTI U ISLAMSKIM ZEMLJAMA

UTICAJ SOCIO-KULTUROLOŠKOG OKRUŽENJA NA OBAVLJANJE MARKETING AKTIVNOSTI U ISLAMSKIM ZEMLJAMA (INFLUENCE OF SOCIO-CULTURAL ENVIRONMENT ON MARKETING ACTIVITIES IN ISLAMIC COUNTRIES)

COLLISION „FAMILY-WORK” – MODERN PROJECTIONS

COLLISION „FAMILY-WORK” – MODERN PROJECTIONS (COLLISION „FAMILY-WORK” – MODERN PROJECTIONS)

CREATING VIETNAM ACCOUNTING STANDARDS FOR SMALL AND MEDIUM ENTERPRISES BASED ON INTERNATIONAL FINANCIAL REPORTING STANDARDS FOR SMALL AND MEDIUM-SIZED ENTITIES

VEČITA NEDOUMICA: LIZING ILI KREDIT

VEČITA NEDOUMICA: LIZING ILI KREDIT (AN ENTERNAL DILEMMA: LEASING OR LOAN)

EKOLOGIZACIJA PREDUZEĆA U FUNKCIJI ODRŽIVOG GLOBALNOG POSLOVANJA

EKOLOGIZACIJA PREDUZEĆA U FUNKCIJI ODRŽIVOG GLOBALNOG POSLOVANJA (ECOLOGISATION OF ENTERPRISES IN THE SUSTAINABLE GLOBAL BUSINESS FUNCTION)

BUSINESS ENVIRONMENT IN SERBIA – IMPACT ON TOURISM OPERATIONS – TOURIST ORGANIZATION OF THE CITY OF VRANJE

BUSINESS ENVIRONMENT IN SERBIA – IMPACT ON TOURISM OPERATIONS – TOURIST ORGANIZATION OF THE CITY OF VRANJE (BUSINESS ENVIRONMENT IN SERBIA – IMPACT ON TOURISM OPERATIONS – TOURIST ORGANIZATION OF THE CITY OF VRANJE)

ETHICS OF THE LEADER – AN ESSENTIAL CONDITION FOR BUSINESS SUCCESS

ETHICS OF THE LEADER – AN ESSENTIAL CONDITION FOR BUSINESS SUCCESS (ETHICS OF THE LEADER – AN ESSENTIAL CONDITION FOR BUSINESS SUCCESS)

SUCCESSION OF DIGITAL ACCOUNTS

SUCCESSION OF DIGITAL ACCOUNTS (SUCCESSION OF DIGITAL ACCOUNTS)

AGENCY PROBLEMS AND DEBT FINANCING

AGENCY PROBLEMS AND DEBT FINANCING (AGENCY PROBLEMS AND DEBT FINANCING)

EMAN 2019 / 3 – Economics & Management: How to Cope with Disrupted Times - CONFERENCE PROCEEDINGS
EMAN 2019 / 3 – Economics & Management: How to Cope with Disrupted Times - CONFERENCE PROCEEDINGS

USE OF INFORMATION AND COMMUNICATION TECHNOLOGIES IN HOTELS
(USE OF INFORMATION AND COMMUNICATION TECHNOLOGIES IN HOTELS)

LEADERSHIP SKILLS OF HOSPITALITY MANAGERS
(LEADERSHIP SKILLS OF HOSPITALITY MANAGERS)

ZLOUPOTREBA SLUŽBENOG POLOŽAJA I OVLAŠĆENJA U PRAVU REPUBLIKE SRPSKE
(ABUSE OF OFFICIAL POSITION AND AUTHORITIES IN THE LAW OF REPUBLIKA SRPSKA)

THE ROLE OF THE ACADEMIC LIBRARIANSHIP IN THE ECONOMIC DEVELOPMENT: EXPERIENCE FROM SERBIA ON THE THRESHOLD OF 2020
(THE ROLE OF THE ACADEMIC LIBRARIANSHIP IN THE ECONOMIC DEVELOPMENT: EXPERIENCE FROM SERBIA ON THE THRESHOLD OF 2020)

HUMAN FACTOR AND METHODS OF GOVERNMENT AND BUSINESS MANAGEMENT
(HUMAN FACTOR AND METHODS OF GOVERNMENT AND BUSINESS MANAGEMENT)

THE FRANCHISE AGREEMENT TERMINATION WITH JUSTIFIED REASONS
(THE FRANCHISE AGREEMENT TERMINATION WITH JUSTIFIED REASONS)

POLITICAL CULTURE OF THE REPUBLIC OF SERBIA AS A BASIS OF THE STABILITY OF THE POLITICAL SYSTEM
(POLITICAL CULTURE OF THE REPUBLIC OF SERBIA AS A BASIS OF THE STABILITY OF THE POLITICAL SYSTEM)

LOGISTIČKI UPRAVLJAČKI POTENCIJALI DINAMIČKE USPJEŠNOSTI POSLOVANJA PODUZEĆA
(LOGISTICS MANAGEMENT POTENTIALS OF COMPANY DYNAMIC SUCCESS)

EVALUATION OF PUBLIC SUPPORT PROGRAMMES IN FINANCING OF SMALL AND MEDIUM – SIZED ENTERPRISES
(EVALUATION OF PUBLIC SUPPORT PROGRAMMES IN FINANCING OF SMALL AND MEDIUM – SIZED ENTERPRISES)

MENADŽERSKA MREŽA I STILOVI LIDERSTVA NA PRIMJERU BANKARSKOG SEKTORA CRNE GORE
(MANAGEMENT NETWORK AND STYLES OF LEADERSHIP ON THE EXAMPLE OF THE BANKING SECTOR OF MONTENEGRO)

BUSINESS TO CUSTOMER (B2C) E–COMMERCE IN EU AND REPUBLIC OF CROATIA
(BUSINESS TO CUSTOMER (B2C) E–COMMERCE IN EU AND REPUBLIC OF CROATIA)

WORK BASED LEARNING IN THE INTER-REGIONAL AREA BETWEEN SLOVENIA AND NORTH-EASTERN ITALY
(WORK BASED LEARNING IN THE INTER-REGIONAL AREA BETWEEN SLOVENIA AND NORTH-EASTERN ITALY)

STRATEGIC CHANGE PROCESS IN PRACTICE: FOUR CASE STUDIES IN KOSOVO
(STRATEGIC CHANGE PROCESS IN PRACTICE: FOUR CASE STUDIES IN KOSOVO)

TECHNOLOGY IN AN ERA OF GLOBALIZATION
(TECHNOLOGY IN AN ERA OF GLOBALIZATION)

THE PROFITABILITY OF WATER COMPANIES DURING TEN YEARS
(THE PROFITABILITY OF WATER COMPANIES DURING TEN YEARS)

TEACHING MEDIATION BY MEANS OF AN ONLINE PLATFORM
(TEACHING MEDIATION BY MEANS OF AN ONLINE PLATFORM)

THE SUPPORT OF INTERNATIONAL INTEGRATIONS AND INSTITUTIONS
(THE SUPPORT OF INTERNATIONAL INTEGRATIONS AND INSTITUTIONS)

THEORY OF PUBLIC ADMINISTRATION MANAGEMENT – A RETROSPECTIVE VIEW
(THEORY OF PUBLIC ADMINISTRATION MANAGEMENT – A RETROSPECTIVE VIEW)

MARKET, ORGANIZATION HIERARCHY AND NETWORK FORMS
(MARKET, ORGANIZATION HIERARCHY AND NETWORK FORMS)

MODELLING THE INFLUENCE OF IT SUPPORT ON SUCCESS AT PUBLIC CALLS FOR PROJECT PROPOSALS
(MODELLING THE INFLUENCE OF IT SUPPORT ON SUCCESS AT PUBLIC CALLS FOR PROJECT PROPOSALS)

PROCJENA EFIKASNOSTI VISOKOG OBRAZOVANJA U EU-28
(EFFICIENCY OF HIGHER EDUCATION IN THE EU-28: A COMPARATIVE ASSESSMENT)

AUDITING INTEGRITY – THROUGH CHALLENGE TO ADDED VALUE
(AUDITING INTEGRITY – THROUGH CHALLENGE TO ADDED VALUE)

MJERENJE RELATIVNE EFIKASNOSTI SVEUČILIŠTA U HRVATSKOJ
(MEASURING THE RELATIVE EFFICIENCY OF CROATIAN UNIVERSITIES)

EMPLOYEE’S PERFORMANCE AS A RESULT OF SATISFACTION, INNOVATION AND EMPOWERMENT BY MANAGERS
(EMPLOYEE’S PERFORMANCE AS A RESULT OF SATISFACTION, INNOVATION AND EMPOWERMENT BY MANAGERS)

THE STAKEHOLDERS: A COMPARISON BETWEEN IAS/IFRS AND ITALIAN OIC STANDARDS FOR FINANCIAL REPORTING
(THE STAKEHOLDERS: A COMPARISON BETWEEN IAS/IFRS AND ITALIAN OIC STANDARDS FOR FINANCIAL REPORTING)

INDEPENDENCE OF PUBLIC PROCUREMENT AUTHORITY
(INDEPENDENCE OF PUBLIC PROCUREMENT AUTHORITY)

OTPREMA ROBE U REPUBLICI HRVATSKOJ PRIJE I POSLIJE ULASKA U EUROPSKU UNIJU
(SHIPPING OF GOODS IN THE REPUBLIC OF CROATIA BEFORE AND AFTER ENTRY INTO THE EUROPEAN UNION)

ISTRAŽIVANJE ZADOVOLJSTVA PUTNIKA U ŽELJEZNIČKOM PROMETU REPUBLIKE HRVATSKE
(THE RESEARCH ON PASSENGER SATISFACTION IN THE RAILWAY TRAFFIC OF THE REPUBLIC OF CROATIA)

PERFORMANCE MANAGEMENT AND TRANSFORMATION OF HUMAN RESOURCES IN STATE-OWNED RAILWAY TRANSPORT OF SERBIA
(PERFORMANCE MANAGEMENT AND TRANSFORMATION OF HUMAN RESOURCES IN STATE-OWNED RAILWAY TRANSPORT OF SERBIA)

TAX EVASION FLAG OF THE CONTEMPORARY ECONOMY
(TAX EVASION FLAG OF THE CONTEMPORARY ECONOMY)

WORKPLACE BEHAVIOR AND COMMITMENT TO THE ORGANIZATION
(WORKPLACE BEHAVIOR AND COMMITMENT TO THE ORGANIZATION)

UTICAJ SOCIO-KULTUROLOŠKOG OKRUŽENJA NA OBAVLJANJE MARKETING AKTIVNOSTI U ISLAMSKIM ZEMLJAMA
(INFLUENCE OF SOCIO-CULTURAL ENVIRONMENT ON MARKETING ACTIVITIES IN ISLAMIC COUNTRIES)

COLLISION „FAMILY-WORK” – MODERN PROJECTIONS
(COLLISION „FAMILY-WORK” – MODERN PROJECTIONS)

VEČITA NEDOUMICA: LIZING ILI KREDIT
(AN ENTERNAL DILEMMA: LEASING OR LOAN)

EKOLOGIZACIJA PREDUZEĆA U FUNKCIJI ODRŽIVOG GLOBALNOG POSLOVANJA
(ECOLOGISATION OF ENTERPRISES IN THE SUSTAINABLE GLOBAL BUSINESS FUNCTION)

BUSINESS ENVIRONMENT IN SERBIA – IMPACT ON TOURISM OPERATIONS – TOURIST ORGANIZATION OF THE CITY OF VRANJE
(BUSINESS ENVIRONMENT IN SERBIA – IMPACT ON TOURISM OPERATIONS – TOURIST ORGANIZATION OF THE CITY OF VRANJE)

ETHICS OF THE LEADER – AN ESSENTIAL CONDITION FOR BUSINESS SUCCESS
(ETHICS OF THE LEADER – AN ESSENTIAL CONDITION FOR BUSINESS SUCCESS)

SUCCESSION OF DIGITAL ACCOUNTS
(SUCCESSION OF DIGITAL ACCOUNTS)

AGENCY PROBLEMS AND DEBT FINANCING
(AGENCY PROBLEMS AND DEBT FINANCING)

FINANCIAL INTEGRATION OF THE NEW MEMBER STATES – CASE STUDY OF EU’S REGULATORY INITIATIVE ON FINANCIAL TECHNOLOGIES
(FINANCIAL INTEGRATION OF THE NEW MEMBER STATES – CASE STUDY OF EU’S REGULATORY INITIATIVE ON FINANCIAL TECHNOLOGIES)

CROWDFUNDING FINANSIRANJE – STANJE I PERSPEKTIVE U SRBIJI
(CROWDFUNDING FINANCING – SITUATION AND PERSPECTIVES IN SERBIA)

TEMPORARY DISTORTIONS AND INDIVIDUAL IGNORANCE
(TEMPORARY DISTORTIONS AND INDIVIDUAL IGNORANCE)

EMOCIONALNA INTELIGENCIJA KAO FAKTOR KOMPETENCIJE USLUŽNOG OSOBLJA
(EMOTIONAL INTELLIGENCE AS A COMPETENCE FACTOR OF THE SERVICE STAFF)

KNOWLEDGE MANAGEMENT IN DISRUPTIVE TIMES
(KNOWLEDGE MANAGEMENT IN DISRUPTIVE TIMES)

ANALYSIS OF EFFECTS OF CHANGES IN REGULATORY REQUIREMENTS FOR DISCLOSURES ON THE FINANCIAL AND NON-FINANCIAL REPORTING OF COMPANIES
(ANALYSIS OF EFFECTS OF CHANGES IN REGULATORY REQUIREMENTS FOR DISCLOSURES ON THE FINANCIAL AND NON-FINANCIAL REPORTING OF COMPANIES)

INTERNAL AUDIT OF COSTS IN A PUBLIC EDUCATIONAL INSTITUTION
(INTERNAL AUDIT OF COSTS IN A PUBLIC EDUCATIONAL INSTITUTION)

EFEKTI LJUDSKOG KAPITALA NA FINANSIJSKE PERFORMANSE: ANALIZA PRE I POSLE IZGRADNJE BRENDA POSLODAVCA
(EFFECTS OF HUMAN CAPITAL ON FINANCIAL PERFORMANCE: ANALYSIS BEFORE AND AFTER BUILDING A BRAND OF THE EMPLOYER)

DIGITALIZATION OF MARKETING THROUGH LED PANELS USING Wi-Fi TECHNOLOGY
(DIGITALIZATION OF MARKETING THROUGH LED PANELS USING Wi-Fi TECHNOLOGY)

PRIVATNE BEZBJEDNOSNE KOMPANIJE U SISTEMU ODBRANE CRNE GORE
(PRIVATE SECURITY COMPANIES IN THE DEFENSE SYSTEM OF MONTENEGRO)

STRUCTURED IMPLEMENTATION OF A RISK MANAGEMENT SYSTEM ON THE EXAMPLE OF A MEDIUM-SIZED INDUSTRIAL ENTERPRISE
(STRUCTURED IMPLEMENTATION OF A RISK MANAGEMENT SYSTEM ON THE EXAMPLE OF A MEDIUM-SIZED INDUSTRIAL ENTERPRISE)

SPREMNOST NA PLAĆANJE CJENOVNE PREMIJE ZA EKOLOŠKE PREHRAMBENE PROIZVODE
(WILLINGNESS TO PAY THE PREMIUM PRICE FOR ECO-FOOD PRODUCTS)

THE EFFECTS OF PROCESS INNOVATION’S DIMENSION INTO PRODUCT INNOVATION – A COMPARATIVE FIRM LEVEL ANALYSIS FROM EU AND NON-EU COUNTRIES
(THE EFFECTS OF PROCESS INNOVATION’S DIMENSION INTO PRODUCT INNOVATION – A COMPARATIVE FIRM LEVEL ANALYSIS FROM EU AND NON-EU COUNTRIES)

THE CROPS SUPPLY’S PROSPECTS IN MONGOLIA: PRODUCTION, IMPORT AND POLICY IMPLICATIONS
(THE CROPS SUPPLY’S PROSPECTS IN MONGOLIA: PRODUCTION, IMPORT AND POLICY IMPLICATIONS)

REACHED LEVEL OF FINANCIAL INCLUSION IN SELECTED EUROPEAN COUNTRIES
(REACHED LEVEL OF FINANCIAL INCLUSION IN SELECTED EUROPEAN COUNTRIES)

FINANCIAL PERFORMANCE OF SMALL AND MEDIUM-SIZED ENTERPRISES IN THE SLOVAK REPUBLIC
(FINANCIAL PERFORMANCE OF SMALL AND MEDIUM-SIZED ENTERPRISES IN THE SLOVAK REPUBLIC)

SPLETNO OGLAŠEVANJE V VISOKOŠOLSKEM PROSTORU – ANALIZA IZBRANIH TUJIH FAKULTET
(WEB ADVERTISING IN HIGHER EDUCATION - ANALYSIS OF SELECTED FOREIGN FACULTIES)

VPLIV OHRANJANJA DELOVNE SPOSOBNOSTI STAREJŠIH ZAPOSLENIH NA NJIHOVO DELOVNO ZAVZETOST
(THE IMPACT OF PRESERVATION OF THE WORK ABILITY OF OLDER EMPLOYEES ON THEIR WORK ENGAGEMENT)

VPLIV ORGANIZACIJSKE ZMOŽNOSTI MREŽENJA HITRO RASTOČEGA PODJETJA NA ZAZNANO FINANČNO USPEŠNOST
(THE INFLUENCE OF HIGH-GROWTH ENTERPRISES’ NETWORK CAPABILITIES ON PERCEIVED FINANCIAL PERFORMANCE)

RANGIRANJE VISOKOŠKOLSKIH USTANOVA U SISTEMU MENADŽMENTA KVALITETA AHP METODOM PRIMENOM ALATA POSLOVNE INTELIGENCIJE
(RANKING OF HIGHER EDUCATION INSTITUTIONS IN QUALITY MANAGEMENT SYSTEM BY AHP METHOD WITH USE OF BUSINESS INTELLIGENCE TOOLS)

NANO-TEHNOLOŠKE AKTIVNOSTI: DIFERENTNOST POZICIJE IZMEĐU MANJE I NAJMANJE AKTIVNIH ZEMALJA U KVANTITETU I KVALITETU
(NANO-TECHNOLOGICAL ACTIVITIES: DIFFERENCE BETWEEN THE POSITION OF LESS AND MINIMUM ACTIVE COUNTRIES IN THE QUANTITY AND THE QUALITY)

NEZADOVOLJSTVO KAO OBLIK POSLIJEKUPOVNOG VREDNOVANJA I RAZVIJANJA ODNOSA SA POTROŠAČIMA
(DISSATISFACTION AS A FORM OF AFTER PURCHASE VALUATION AND DEVELOPMENT OF THE RELATIONSHIP WITH CONSUMERS)

ORGANIZACIJSKA S ERGONOMIJA V MANAGEMENTU TURISTIČNIH STORITEV PRI DOSEGANJU PSIHOSOCIALNE DOSTOPNOSTI GOSTA S POSEBNIMI POTREBAMI
(ORGANIZATIONAL ERGONOMICS OF HOSPITALITY SERVICE MANAGEMENT TO REACH PSYCHOSOCIAL ACCESSIBILITY FOR GUESTS WITH SPECIAL NEEDS)

ODLUČIVANJE U SAVREMENIM USLOVIMA
(THE DECISION MAKING IN CONTEMPORARY CONDITIONS)

RAZNOLIKOST ODNOSA IZMEĐU KOMUNIKACIJE, GRUPNE KOHEZIJE I ISHODA NA RAZLIČITIM NIVOIMA
(THE DIVERSITY OF THE RELATIONSHIP BETWEEN COMMUNICATION, GROUP COHESION,AND OUTCOMES AT DIFFERENT LEVELS)

THE IMAGE MANAGEMENT STRATEGY THROUGH SOCIAL NETWORKS. AN ANALYSIS OF THE BANKING ENVIRONMENT IN ROMANIA
(THE IMAGE MANAGEMENT STRATEGY THROUGH SOCIAL NETWORKS. AN ANALYSIS OF THE BANKING ENVIRONMENT IN ROMANIA)

ORGANIZATIONAL INNOVATION AND FIRM PERFORMANCE: A STUDY OF ALBANIAN FIRMS
(ORGANIZATIONAL INNOVATION AND FIRM PERFORMANCE: A STUDY OF ALBANIAN FIRMS)

GENDER INEQUALITY ON THE MACEDONIAN LABOUR MARKET
(GENDER INEQUALITY ON THE MACEDONIAN LABOUR MARKET)

THE IMPACT OF APPLYING NEW TECHNOLOGIES TO THE DEVELOPMENT OF MODERN BANKING
(THE IMPACT OF APPLYING NEW TECHNOLOGIES TO THE DEVELOPMENT OF MODERN BANKING)

VOLATILITY OF EUA PRICES AND IT’S CONNECTION WITH THE PRICE OF FOSSIL FUELS AND ELECTRICITY
(VOLATILITY OF EUA PRICES AND IT’S CONNECTION WITH THE PRICE OF FOSSIL FUELS AND ELECTRICITY)

DECENTRALIZATION OF THE WATER INDUSTRY IN THE CONTEXT OF ECONOMIES IN TRANSITION (ON THE EXAMPLE OF THE CZECH REPUBLIC BETWEEN 1992-1998)
(DECENTRALIZATION OF THE WATER INDUSTRY IN THE CONTEXT OF ECONOMIES IN TRANSITION (ON THE EXAMPLE OF THE CZECH REPUBLIC BETWEEN 1992-1998))

DIFFERENCES IN INNOVATION PERFORMANCE OF VISEGRAD GROUP REGIONS
(DIFFERENCES IN INNOVATION PERFORMANCE OF VISEGRAD GROUP REGIONS)