<abstract xml:lang="en" xmlns="http://www.w3.org/1999/xhtml">An increasing number of loyalty programs is one of the most common phenomena observed in the practice of marketing companies on the market today. Objectives and tasks of loyalty programs determine the type of use of marketing instruments affecting the attitudes and behaviours of customers, which is aimed at the program. The diversity of factors influencing the effectiveness of loyalty programs should set the scope and object of empirical research. As the results of studies to evaluate the effectiveness of loyalty programs mainly on the B2C market is diverse in terms of the criteria. This article presents the essence of loyalty programs and the factors influencing their effectiveness.</abstract>

Loyalty Programs Effectiveness

<abstract xml:lang="en" xmlns="http://www.w3.org/1999/xhtml">This paper presents a novel approach to the team building emphasizing group-related attributes of potential candidates instead of focusing on their individual characteristics during the recruitment process. The main assumption is that the teamwork capabilities are equally if not more important than individual skills or competences when selecting new team member. Myers-Briggs Type Indicator is used for analyzing teamwork capabilities and multicriteria decision making model will be developed as a final solution.</abstract>

Multicriteria Decision Making Model for the New Team Member Selection Based on Individual and Group-Related Factors

<abstract xml:lang="en" xmlns="http://www.w3.org/1999/xhtml">The financial statements submitted by each company annually reflect their financial performance in the past but are also utilized to forecast the future results in quantitative and realistic frames. The aim of the following elaboration is to thoroughly research all the issues related to financial modelling. The author step by step introduces the reader with theoretical and practical assumptions related to forecasting of respectively, the profit &amp; loss account, balance sheet account and cash flow statement. All of the issues are illustrated with excel spreadsheets that were prepared exclusively for this article purposes.</abstract>

Principals of Financial Modelling

<abstract xml:lang="en" xmlns="http://www.w3.org/1999/xhtml">The purpose of this paper is to analyse the contemporary literature on strategic management in non-profit organizations. The area at hand is divided into five categories: modern management and strategic management approaches/theories; analysis of the roles of externalities and internalities in the Third Sector; review of how strategic management has been applied for non-profit organizations; review of applications and enhanced identification of one or more strategies utilised by non-profit organizations; application of specific methods and tools in strategic management. Four dilemmas faced by modern management theory serve as a synthetic axis. First, how can the existing commercial management concepts and techniques be best adapted to the realities of the non-profit sector? Secondly, which of the established schools of strategic management is the most relevant one for non-profits? In fact, is it appropriate to look for a brand new school of thought? Thirdly, and this is again related to academic pursuits, what coherent theory can explain the efficiency of non-profit organizations. Fourthly, there is the dilemma what strategy to employ when faced with a choice between the willingness and the need to apply competitive strategies and the co-operative strategy in the third sector.</abstract>

The Analysis and Synthesis of Strategic Management Research in the Third Sector from Early 2000 Through to Mid-2009

<abstract xml:lang="en" xmlns="http://www.w3.org/1999/xhtml">Scheduling manufacturing operations is a complicated decision making process. From the computational point of view, the scheduling problem is one of the most notoriously intractable NP-hard optimization problems. When the manufacturing system is not too large, the traditional methods for solving scheduling problem proposed in the literature are able to obtain the optimal solution within reasonable time. But its implementation would not be easy with conventional information systems. Therefore, many researchers have proposed methods with genetic algorithms to support scheduling in the manufacturing system. The genetic algorithm belongs to the category of artificial intelligence. It is a very effective algorithm to search for optimal or near-optimal solutions for an optimization problem. This paper contains a survey of recent developments in building genetic algorithms for the advanced scheduling. In addition, the author proposes a new approach to the distributed scheduling in industrial clusters which uses a modified genetic algorithm.</abstract>

Genetic Algorithms for Solving Scheduling Problems in Manufacturing Systems

<abstract xml:lang="en" xmlns="http://www.w3.org/1999/xhtml">This paper examines the determinants of CEO compensation. There are many factors that influence CEO compensation. For this research three factors has been selected: companies size, accounting factor and market factor. The study looks at the relationship between each of this factors and directors remuneration. Sample of companies listed on London Stock Exchange (LSE) and Warsaw Stock Exchange (WSE) has been investigated over the period of 2007 - 2010. Data has been collected through annual reports content analysis and announcement on websites of LSE and WSE. Linear regression has been run on collected data. Positive correlation has been found between directors' remuneration and companies' size in both British and Polish listed companies. The relationship is also positive between directors pay and companies performance. Companies' performance has been assets by return on equity ratio (ROE) and Tobin's Q. All the findings are consistent with the outcome presented within previous research by variety of scholars.</abstract>

Accounting & Finance Department, University of Greenwich, Park Row, London SE10 9LS

Faculty of Management, Warsaw University of Technology, Warsaw, Poland

Directors Remuneration and Companies' Performance the Comparison of Listed Companies in Poland and UK

<abstract xml:lang="en" xmlns="http://www.w3.org/1999/xhtml">The aim of this paper is the analysis of contemporary concepts used in production management in relation to the paradigms which accompanied their appearance and development. The first chapter contains a definition of the term 'paradigm', discusses the importance of the paradigms for the development of a scientific approach to management and lists examples of paradigms relevant to production management. In the second chapter such management concepts as LM, Kaizen, TOC, TQM, TPM, Six Sigma and BPR are presented, along with their respective old and new paradigms, main goals, fundamental rules and tools (methods and techniques). Some less popular concepts are also dealt with. The last chapter is devoted to an analysis of interactions between the analyzed concepts, with an emphasis on their mutual compatibility and complementarity, which can be of benefit in the process of their implementation.</abstract>

The Development of Production Management Concepts

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Foundations of Management

 The primary version of the journal is the online one.  Interdisciplinary perception and interpretation of economic phenomena that accompany the managers and enterprises in their daily work, in order to make them more efficient, safe and economic for suppliers and receivers of the products and services in the global world of technological innovation, domination of knowledge, changes of the value of money and constant market game between demand and supply, future and past.   Rejection Rate   &lt; 30%   Archiving  Sciendo archives the contents of this journal in Portico - digital long-term preservation service of scholarly books, journals and collections.  Plagiarism Policy  The editorial board is participating in a growing community of Similarity Check System's users in order to ensure that the content published is original and trustworthy. Similarity Check is a medium that allows for comprehensive manuscripts screening, aimed to eliminate plagiarism and provide a high standard and quality peer-review process. 