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Tadeusz Krupa

Abstract

This work is devoted to promoting the principle of characterization, treated as a systemic paradigm binding in an integral whole the functional and structural aspects of any organization, under-stood as a deliberate relationship of related resources. The principle of characterization and the specific characterization theories built on its basis belong to the methodology of systemic research. Its essence is the axioms contained in model Ψa of the proper functioning, which are assigned to the relationships contained in model Ψb of the structure of this organization. The functional-structural paradigm considered is characteristic primarily of project activity in which an efficient structural response to a certain problem of the correct (safe) functioning of the organization as a whole or its considered part is sought after.

Open access

Duc Tran Anh, Karol Dąbrowski and Katarzyna Skrzypek

Abstract

Modern technical environments require a high degree of reliability both in machinery and in equipment. Technological progress has, on the one hand, increased this efficiency but on the other hand, it has changed the way in which this equipment and these machines have traditionally been maintained. The authors have set the following assumptions. In order to survive in the market and develop, modern production enterprises realize the assumptions of Industry 4.0, wherein the optimization of maintenance processes is important because of the financial situation. This includes the profits made by the production company and differs from traditional maintenance, by shifting towards new trends such as predictive maintenance; as such, it is crucial for the development of the company. The article is devoted to the most modern predictive maintenance strategy, in the maintenance department of a manufacturing company. The publication describes the meaning of the method, its potential and the theory of action.

Open access

Justyna Patalas-Maliszewska and Małgorzata Skrzeszewska

Abstract

The issue of adapting enterprises to operate in accordance with the assumptions of the Industry 4.0 concept now requires performing highly complex and responsible analyses in manu-facturing enterprises. Based on the Industry 4.0 concept, maintenance services and also the imple-mented IT solutions in a production enterprises are now a significant factor in their development process. The article presents an analysis of the degree of use of the Manufacturing Execution Sys-tem (MES) in the maintenance department based on an example of a manufacturing company in the automotive sector of this industry. The analysis was performed in terms of the degree of ex-ecution of specific business processes in the maintenance department with the help of MES. The results of the analysis allow to confirm the possibility of adapting the enterprise to the Indus-try 4.0 concept.

Open access

Pfano Michael Ramudzuli and Paul-Francois Muzindutsi

Abstract

To enhance the portfolio allocation process, individuals need to understand their financial ability and psychological willingness to tolerate risks. To do this, their risk tolerance level must be quantified. This study used a survey questionnaire to collect data from 470 students at selected South African universities, and a binary logistic regression to test the effect of demographic factors on financial risk tolerance versus non-financial risk tolerance. Our findings suggest that the level of risk tolerance cannot be generalized across different risk domains. We also found that demographic factors affect the two domains of risk tolerance differently. Specifically, age did not have a significant influence on financial risk tolerance, while it significantly increased non-financial risk tolerance. Similarly, gender did not have any significant influence on non-financial risk tolerance, while it positively affect-ed financial risk tolerance. Furthermore, students in the fields of the humanities, engineering and IT showed a strong appetite for non-financial risks, but students in the commerce faculty preferred financial risks.

Open access

Ravindra Hewa Kuruppuge, Ales Gregar, Chandana Jayawardena and Ladislav Kudláček

Abstract

Employees’ knowledge sharing intention in a firm is recognized as a key positive factor of business sustainability and longevity. Yet, the diverse nature of firms has made a difficulty to make general conclusions about employees’ knowledge sharing intentions, which is dependent on individual characteristics. Therefore, focusing on family businesses in Sri Lanka, this study investigates the influ-ence of employees’ demographics, individuality and job diversity on knowledge sharing intentions. 132 employees who serve in enterprising family businesses in Sri Lanka were randomly selected for the survey and each was given a questionnaire. The influence of employee demographics, individuality and job diversity regarding knowledge sharing was then analyzed using a multiple regression model. Out of eight factors, only employee’s age, level of education and job orientation have significantly in-fluenced the knowledge sharing intentions of employees in family businesses. These findings highlight the importance of the level of employee’s age, education and job orientation on individual knowledge sharing behavior in family businesses.

Open access

Renata Walczak and Anikó Kálmán

Abstract

This article presents a qualitative study of lifelong learning (LLL) requirements of university employees from the Warsaw University of Technology (WUT) and the Budapest University of Technology and Economics (BME). The main aim of the study was to gain understanding of young people expectations and attitudes towards LLL. Aims of the study included: identification of employees’ requirements in terms of LLL; identification of education activities and employee perception of university activities. Data for the study were gathered in individual interviews. The same, standardized openended questions were used in both institutions to allow comparison of the results. Interview questions concerned the willingness of participation in LLL, education forms, areas of education and perception of the university. The participants of the interviews were 24 young people from the WUT and BME. Research shows that there are no significant differences between Polish and Hungarian representatives who are eager to learn and have many interests and positive features; however, they have high requirements and expectations. This research will allow to prepare informative and effective LLL universities’ strategies.

Open access

Marisela Jiménez

Abstract

Transformational leadership style and emotional intelligence are aiding managers’ performance. This study explained the influence that transformational style and emotional intelligence flexibility subscale have on organizational performance during change initiatives. Emotional intelligence and leadership theory represent the theoretical lens and framework in the research study. Emotional intelligence flexibility subscale was assessed with the Emotional Quotient Inventory 2.0 (EQi 2.0), and transformational style was assessed with the Multifactor Leadership Questionnaire (MLQ 5X). The study included a population of 180 managers from a nonprofit company in Texas, USA. Data collected were analyzed using multiple linear regression and Pearson correlational model to assess if a relationship existed between managers’ emotional intelligence flexibility subscale and transformational style. The results showed a relationship between the emotional intelligence flexibility subscale and the transformational style. This research study may be beneficial to leaders in all industries undergoing organizational change to apply emotional intelligence flexibility subscale and transformational leadership style during the implementation of change initiatives.

Open access

Adel Ali Yassin Alzyoud

Abstract

The main objective of this study is to investigate the influence of Human Resources Man-agement (HRM) practices (employee communications, employee development and rewards and recog-nitions) on employee engagement. Employee engagement has emerged as one of the most important topics in the sphere of human resource management. The aim of this paper is to examine and gain bet-ter understanding of the drivers that influence employee engagement in a printing company. Employee communication, employee development, rewards, and recognitions were selected as independent varia-bles. Sample for the study consists of 151 staff from manufacturing. Data were collected with the help of a questionnaire and analyzed using the Statistic Package for Social Science (SPSS) version 23. Throughout the statistical analysis, it is found that there is a significant relationship between the two independent variables with the dependent variable. In conclusion, it is observed that HRM practices have an influence on the employee work engagement. This shows that employers need to develop proper and well-structured HRM policies in attaining high work engagement level among the employ-ees.

Open access

Damian Kedziora, Wojciech Piotrowicz and Katarzyna Kolasinska-Morawska

Abstract

The rapid growth of modern services industry in Poland, observed in the past few years, has been substantially determined by the vast talent pool of well-qualified and cost-efficient workers. The intensive expansion of the industry has been aligned with widely implemented policies of personal development and leadership, aimed to grow and prepare internal human resources for more challenging roles in newly established projects and teams. The paper presents the results of empirical research examining the perception of those schemes and policies, from the perspective of workers employed in the polish offshore service delivery centers.

Open access

An Thanh Hong Nguyen and Tuan Van Nguyen

Abstract

This paper examines the relationship between working capital management and corporate profitability of Vietnamese listed firms. We propose a different interpretation of the empirical evidence that takes into account the dependency of collection and payment decisions. This helps establish the causal relationship between working capital management and firm profitability, which made the interpretation of the empirical results more meaningful and consistent with the real practice of firms. The analysis results based on a sample of 374 Vietnamese listed firms in the period from 2008 to 2014 show that working capital management positively affects the performance of Vietnamese listed companies. However, the results also indicate that Vietnamese firms do not intentionally use trade credit policy to enhance firms’ performance and the observed relationship between trade credit and profitability, though significant, is just by coincidence.