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Academic Staff Direct Participation in Managing Higher Education Institutions – Pilot Study Report

Abstract

The aim of the study is to present the results of pilot study on academic staff direct participation (ASDP) in managing higher education institutions (HEI) (content, scope, intensity, practicality of impact), in key areas of its activity and its advantages and risks. The research was carried out under questionnaire survey method among academic staff of selected HEIs, in autumn 2018. It was found that ASDP applies to all areas of activity of these HEIs (content), primarily educating students; is full (academics participate in all stages of the decision-making process), has mainly operational scope (related to basic tasks in the position at work), less often strategic; it is perceived participation because the real impact of the respondents in managing HEIs is limited (passive form of participation dominates). The identified main benefits from participation indicate that ASDP can be an effective tool for creating commitment of academic staff in managing HEIs in handling their key areas of activity. The results presented are not representative (pilot study), but interesting. Therefore, the author is planning to carry out in-depth research on ASDP in managing HEI in the future.

Open access
Accounting Dualism – Particularities and Information Source for Internal and External Users in Organizational Development

Abstract

Knowing the fact that in the market economy the most important resource is the information and, naturally, since the accounting cannot be substituted for the manager, instead it offers the information necessary for the decision-making processes. The paper highlights, on the basis of bibliographic resources, that a dual accounting representation responds best to all strategic requirements and leads to a better visualization of the entity as a whole, as well as of each structure. Also, in the paper we analyzed, through a selective research, the degree to which the provision of accounting information to various categories of interested users contributes to the development of the entity.

Open access
Accumulation of assets in farms covered by the FADN farm accountancy system in Poland – the economic and eco-efficiency context

Summary

The primary objective of the article is to identify the accumulation processes in farms in Poland based on the economic size as well as the context of eco-efficiency (from the perspective of Environmental Sustainable Value). In addition, the importance of subsidies in generating accumulation was specified and the context of eco-efficiency was taken into account. Analysis of the environmental context was carried out with the use of the assessment of subsidies for public goods and return to cost ratio (RTC) based on the concept of Sustainable Value (SV). Cross-analysis has shown that with the transition to groups of farms with an increasing economic size, the situation was more favourable from the perspective of the accumulation rate and its level per 1 ha. Subsidies play a significant role in shaping accumulation. It was observed that the higher rate of accumulation associated with the transition to groups of farms with greater economic strength is accompanied by an increase in eco-efficiency through the prism of the RTC indicator. Larger (but not the largest) farms are more efficient in using the transformation of environmental inputs into production output, which does not mean that they exert an absolutely lower environmental pressure.

Open access
Age Management: What Can we Learn from High-End Luxury Fashion Designer with More than 50 Years of Working Experience?

Abstract

Background and Purpose: While the world population is aging, the aim of this study is to bring new knowledge into age management research by investigating the most important factors that encourage older employees to remain in the labour market longer, also after meeting the official retirement age, based on an in-depth qualitative case study of the high-end luxury fashion designer with more than 50 years of working experience.

Design/Methodology/Approach: We conducted an inductive case study in fashion industry. Specifically, our case study is build based on the content analysis of secondary data as well as an in-depth interview with the general manager in the fashion and high-end luxury industry in Slovenia.

Results: The proposed conceptual model shows key facets, as assigned overarching categories, namely-vitality, intrinsic motivation, adapting, lifelong learning, and positive emotions and therefore contributes to the age management phenomena. Within the presented case study, we found out that the selected facets are the most important factors for the encouragement to remain in the labor market and to ensure flexible retirement processes in dealing with the challenges of an aging population and workforce.

Conclusion: Our study contributes to the theory and practice of age management by narrowing our focus on the best practice from selected high-end luxury fashion industry designer in Slovenia. What can we learn from high-end luxury fashion designer with more than 50 years of working experience? As the presented case study cannot be generalized to population, the presented case contributes to the field of age management and empowers people to rethink and stay active after meeting the official retirement age.

Open access
Ambidexterity – A New Paradigm for Organizations Facing Complexity

Abstract

Complexity is rapidly and inexorably leading the global economy towards new configurations and new dynamics; within this (ever fluid and unstable) framework, the strategic dualities that govern organizations and shape their strategic choices are not only multiplying but also interacting and generating unprecedented challenges: new pairs of (apparent) paradoxes occur, sophisticated interdependencies take place amongst them, and therefore new approaches in search for strategic solutions are imperatively asked. Against this background, the main goal of the paper is to suggest a paradigm of organizational ambidexterity – which gradually integrates various angles and valences into partial solutions and eventually comes up with a complex construct incorporating different levels of organizational ambidexterity and multiple patterns of ambidextrous behavior – able to (dynamically) position organizations on the coordinates of the complex global economy, while providing them with the essential tools needed to achieve strategic competitiveness. Thus, by addressing a major organizational challenge (strategic competitiveness) through the lens of complexity (seen both as defining feature of nowadays and science that provides the instruments to deal with it) and advocating for the solution of ambidexterity, the paper will enrich the theory of strategic management and will offer businesses an alternative to their strategic approaches.

Open access
Analysing economic contribution of tourism: insights from selected Southeast Asian countries

Summary

Tourism is a potential sector that can contribute positively to economic growth if properly managed. The southeast Asian countries have identified tourism as a key sector that can enable them to achieve sustainable economic growth. This study analysed the economic contribution of tourism in five southeast Asian countries (Indonesia, Malaysia, Singapore, Thailand and Vietnam). The paper aims to evaluate economic contribution of tourism in South Asiancountries by using secondary data covering 2008-2017 collected from world travel and tourism council database to draw insights about the subject. Descriptive statistics in form of tables, charts, mean and standard deviation were used for comparative analyses. Overall score indicated that Thailand is the best performer with respect to the economic contribution of tourism among the sample southeast Asian countries during the period 2008-2017. The study proposed six recommendations to managers and policymakers in the tourism sectors in Southeast Asia.

Open access
Analysis of determinants of the inflow of foreign direct investment to Poland. Part I – theoretical considerations

Summary

This study contains an analysis of the main determinants of the inflow of foreign direct investment to Poland. This article is the first of the two parts of the cycle and covers theoretical considerations regarding the determinants of foreign direct investment, serving as the introduction to the second, empirical part, in which the research results will be discussed. This study focused on determining the cause-and-effect relationship between the scale of inflow of foreign direct investment and selected macroeconomic parameters of the economy. Based on the theories and results from previous research, a model was developed in which the variables and the nature of their relationship were determined. The model is based on four latent exogenous variables describing FDI determinants and one latent endogenous variable describing FDI inflow. In the article, structural equation modeling was indicated as a method for analyzing the factors conditioning the inflow of foreign direct investment. The proposed research concept will allow supplementing and extending the analysis of FDI determinants in Poland.

Open access
Analysis of Internally Generated Goodwill Indicators: A Case Study of the Slovak Republic

Abstract

Background and purpose: Knowing key indicators of goodwill value can contribute to its effective management and growth of the market value of the enterprise. The purpose of this research is to identify individual goodwill indicators. The paper aim is to obtain potential indicators of enterprise goodwill under the conditions of the Slovak Republic.

Design/Methodology/Approach: Paper data included 11,483 financial statements of Slovak enterprises in 2017. The value of residual enterprise income represents the value of goodwill. Input data for the identification of goodwill indicators represented 15 financial-economic variables. Outliers in data were searched and removed through an interquartile range. Multicollinearity among input variables, by the coefficient of determination and variance inflation factor, was also analysed. A statistically significant correlation between goodwill and its potential indicator were tested by the significance test of the Pearson correlation coefficient and correlation matrixes.

Results: Research results reveal the existence of a statistically significant correlation between goodwill and 8 input variables, which represent its potential vital indicators.

Conclusion: Paper findings bring new possibilities for goodwill management, which may create an essential competitive advantage of a company. For the scientific community, the findings represent sources of potential goodwill indicators which can be used for the creation of the new model of goodwill valuation in future research.

Open access
Anti-BEPS Measures and Their Impact on Business Performance of Multinational Enterprises

Abstract

This paper discusses the harmful tax practices of multinational enterprises (MNEs) and the fight of international organizations against them. We focus on the anti-tax base erosion and profit shifting project (anti-BEPS project) of the Organisation for Economic Co-operation and Development (OECD), namely its 15 actions, which we present in the first part of the paper, using descriptive and analytical methods. In the second part, we use critical and synthetic methods to assess how the selected aspects of multinational business will be impacted with described actions. Our conclusions show that MNEs will have to adapt their business structures and plans according to new tax regulations, which will also lower their profit levels due to unavailability of established harmful tax structures for lowering their tax bases. At the same time, our results indicate that the legal approach in introducing new measures on the subject field, lead to legal uncertainty in tax matters. Due to the scope of analysed problems, it was impossible to introduce individual problems in depth; however, we provide readers with the general characteristics and goals of introduced actions that are necessary for understanding our evaluation of their impact on certain fields of international business. Our paper contributes to literature and practice, as it provides general insight into recent and important international tax law developments that enterprises will have to consider when doing business across borders.

Open access
Application of the Project Management Methodology Formation’s Method

Abstract

Background and Purpose: The selection of a “right” project management methodology for a particular project represents a problem of great importance. Its solution affects crucial project parameters like cost, duration, product quality, and the project’s success in general. The purpose of this study is to present a method for the formation of the project management methodology and illustrate its applicability on a software development project’s example.

Design/Methodology/Approach: In this study, we describe the method of project management methodology formation that allows the forming of a specialized methodology for any IT project considering the fuzziness of information about the project, its environment, and existing expert’s recommendations. The method involves 1) collecting baseline information using a questionnaire, 2) calculating weighted Hamming and Euclidean distances, 3) solving a three-criterion optimization problem using a minimax approach with fuzzy input data.

Results: All six stages of the project management methodology formation’s method (project evaluation, basis selection, alternative methodologies formation, methodology selection, methodology application, and methodology tailoring) were applied to form a specialized project management methodology for an IT project to increase the possibility of its success. The most appropriate alternative based on DSDM was selected and applied to manage the project.

Conclusions: The given method allows the forming of a specialized project management methodology based on the components of Generalized Body of Knowledge for any IT project considering specific conditions of the project and its environment.

Open access