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Open access

Mladen Knežević, Radojka Kraljević and Jozo Jurković

Abstract

Tourism, as an economic activity is incorporated in various elements of the culture of receptive destinations, but also in elements of cultural traditions of emitting regions. One part of the approach to observing tourism as a social process lies in the human need for rest, and for establishing emotional balance, which is damaged through repetitive everyday life of neoliberal society and economy, in particular. This kind of approach has created certain stereotypes, where a tourist “must feel good” in the architecture of Dubrovnik, which is larger than life. However, researches have shown that modern tourism, with shortened stay, rushing from one destination to another, does not, in reality, bring the feeling of happiness. There are far more negative emotions being projected, which are questioning if the tourism as business activity is relaxing at all.

Open access

Ivor Altaras Penda and Marin Zekaj

Abstract

Based on the previously published researches of the phenomenon of populism and its presence in the Republic of Croatia, and using methodological contents analyis matrix, which has been developed by B. Šalaj and M. Grbeša Zenzerović, this paper deals with the research of the presence of populism in the early Parliamentary election held in 2016. The researches of the phenomenon of populism have been intensified on both local and global level, and populism, as a concept, is becoming increasingly present in social and political discourse. However, everyone and everything is then easily classified as populistic. In the context of the Republic of Croatia, which has been through numerous state orders throughout its political history, this paper is going to examine if there was populism, as an aspect of political action, in the 2016 elections, and it is going to potentially identify the political actors, who have been using populistic features in their political careers. Furthermore, it is going to examine which kind of populism it is.

Open access

Hrvoje Volarević

Abstract

The selection of an investment project is seen as a problem of multi-criteria decision-making. In this paper, a decision-maker uses six attributes i.e. criteria most used by the international companies in practice (net present value, internal rate of return, payback period, accounting rate of return, operating profit margin and return on equity).

Individual utility functions are made for each attribute separately and the global utility function as a weighted sum of individual utility functions. For each criterion a final set of arranged pairs i.e. points of utility is determined based on the decision-maker’s assessments. Then, the points obtained are approximated by the utility function.

Finally, the optimization issue solved in order to obtain the optimal performance of the selected project according to decision-maker’s opinion. The negotiation procedure enables the offered performances to approach optimal performance of the selected project aimed at decision-maker and investor reaching an agreement.

Open access

Ruhet Genc

Abstract

Many destinations around the world make money out of winter tourism, specifically from skiing activity. However, global warming and climate change force these destinations to consider upon another non-snow related activities in winter or all-year activities. Among these activities, ice holiday tourism, thermal tourism and gastronomy take particular attention. The paper initiates to discuss these activities through various examples in the world in a theoretical manner together with real world reflections. Starting with presentation of previous literature, the paper will consider how different destinations at a global scale are seeking for adaptation to other type of activities in the face of global warming. Then, alternative activities for winter tourism will be presented in detail. Finally, this paper concludes that alternatives are still presents for the destinations suffering from the loss of revenue due to global warming as well as destinations looking for diversifying their activities in order to attract more tourists.

Open access

Josipa Mrša

Abstract

Valuation and management of intangible assets in modern business is becoming more significant. Measurement of the value of intangible assets in this paper refers to the intangible resources for which the company did not have any procurement costs and, therefore, are not standardized in traditional accounting, and their use has the potential to create value on the market. Knowledge, as the basis of intellectual capital, becomes a basic strategic resource and a generator for improving the organization’s success. Therefore, determining the way of identifying and evaluating intellectual capital becomes the common practice of the most successful companies through indicators that have their quantitative or qualitative weight.

The interest of users of financial statements for the value of intellectual capital depends on their involvement in the overall business. Its value is basically the difference between high-efficiency companies and those that are less efficient. It becomes the starting point for business analysis of the company to reveal the hidden, untapped value of human capital and point to the need to make the business better. Possible methods of valuation of the total intangible assets of the company are presented, some of which are standardized, but most of the value, contained in intellectual capital, is not valued or recognized. It is proposed that, along with the standard financial statements, the total value of the intellectual capital to which the results are realized on the market.

Open access

Kowo Solomon Akpoviroro and Akinbola Olufemi Amos

Abstract

The small scale industry in Nigeria is considered to be an important element to the growth of the economy in contributing to the gross domestic products of the economy and it has been of contention that strategic leadership has influenced and sustained the performance of small and medium enterprises. As such, the main objective of the study is to examine how the exercising of strategic leadership has influenced and sustained the performance of small and medium enterprises in Nigeria in terms of social impact. About 300 questionnaires were administered to small sized companies. The study found that there is a significant influence of strategic planning on sustaining small and medium enterprise profit performance and the results indicated that the managers that sustain profitability performance are those that are strategic in planning. Also the study discovered that the return on investment of Small and Medium Enterprise depends on the appropriateness of its leadership practices. The study recommends that small sized companies should be effective in their strategy implementation in order to achieve the corporate objectives of indigenous Small and Medium Enterprises.

Open access

Dragutin Vurnek, Andrea Bengez and Matej Perkov

Abstract

Migrations as an inevitable fact of socioeconomic trends pose a security challenge for migrant countries, transition countries, and the countries where migrants come as to the ultimate destination. They are realized in a large area with a large number of participants and global consequences. This paper, through the basic determinants of migrations, statistical indicators on migrations, security challenges, risks and threats, migration policy and international security, provides answers to the questions about the numerical movement of migrants from the seventies of the last century to today on a global scale. Responses are also given about the reasons for triggering migrations, the most desirable migrant destinations, and the impact of migrations on security in departure, transit and destination countries. Particular attention is given to the last migration crisis that has largely affected the European Union.

Open access

Marino Varricchio and Walter E. Block

Abstract

Prostitution is often depicted as an aggressive and coercive activity. We have convincing empirical evidence that sometimes this is indeed the case. However, this is not sufficient to make it illegal. We argue that an activity should be outlawed if and only if it is essentially aggressive and/or coercive. But prostitution is not inherently violent, only incidentally. Indeed, prostitution could be defined as “the act of rendering, from the client’s point of view, non-reproductive sex against payment” (Edlund and Korn, 2002). No aggression and/or coercion necessarily enters this all-inclusive definition. This is why prostitution should be legalized laws to the contrary repealed.

Open access

Boris Vukonić and Mladen Knežević