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In sectoral research of entrepreneurship there is a deficit of data about medical entrepreneurship and the entrepreneurship of doctors. The medical sector is diverse because it encompasses various size business entities that specialize in many possible aspects of the medical business. It seems, however, that there are some common features of medical entrepreneurship which are worth investigating. The result of such analyses could be the construction of models of medical entrepreneurship, which would allow a better...

It is hard to imagine nowadays building a competitive economy without including in the process the achievements of scientists and Ph.D. students perceived as a source of new knowledge. The process of technology transfer and commercialization of knowledge is an important driving force for economic growth and social well-being. The transfer of knowledge from academic institutions to businesses and social environment can take place through various channels such as education, publications, commissioned research, staff...

In the demanding competitive environment, manufacturers find it more and more difficult to differentiate physical products, and so they resort to differentiation of the offer through services and customer solutions. The thing is that the product level cannot be assessed according to the quality of its technical features only, but particularly according to the way how the clients are provided with it - services. Their importance is growing on a long-term basis, and their sufficient level is a critical factor of the...

In recent years, the hard coal mining industry is increasingly practicing outsourcing according various types of work. These practices are not necessarily well perceived by miners because they can affect their wages indirectly or directly. First of all external employees treat work in mining company as a source of a quick income. Therefore, external companies often calculate their employees compensation not based on a working time but on the basis of a specific, accomplished task. Such employment is called piecewo...

The main objective of the paper is to present the quality and development of the business environment, which is a key factor for economic development of the country. "Good rules" strengthen the functioning of the market, improve efficiency and encourage business. The quality of the business environment affects the operation and success of companies. It also depends on the competitiveness and attractiveness of the country for investment and subsequent growth. Favorable investment climate is a key factor in the infl...

Concept of Corporate Social Responsibility requires balanced consideration of environmental, economic, ethic, philanthropic and social issues. The companies’ effort to present relevant responsible activities can be considered as ones of the most meaningful reporting goal with strong impacts on important stakeholders as well as on the broad society. Presentation of economic and environmental information via regular reports and static companies’ web pages can be considered as a common company practice, but social, p...

Artistic marketing in Romania represents an increasingly discussed subject within the institutions providing cultural activities such as festivals on national and regional level. There is a wide range of cultural festivals, which encompasses refined opera festivals and folk festivals, including music, theatre, dance, film, literature, arts and crafts. The purpose of organizing festivals varies from entertainment to cultural and educational goals and furthermore to bringing together diverse communities, or even for...

The article contains the comparative analysis of the entrepreneurship development in the resource regions. Basing on the statistic analysis of indicators, a classification of the resource regions according to the level of economic diversification (the share of processing industry) and to the level of entrepreneurship activity has been formulated. The indicators have been grouped on the level of business activity, concentration of enterprises in the industry, productivity and investment activity. The correlation an...

The recent imbalance in providing an adequate plan, training as well as human resource management for the medical institutions is affecting the proper function of the Romanian healthcare system. The present study intended to identify the satisfaction of Romanian medical work-force presently employed in private as well as state healthcare institutions. With this purpose, the study targeted the working environment of the two categories of institutions and focused on the relations and communications between health pr...

One of the most widely used means in achieving firms’ growth and development are mergers and acquisitions (M&As). However, numerous empirical studies have questioned the success of M&As in increasing the firms’ value for their owners. Even though varying in methodology, sample size and structure, monitored time and geographical spread, the majority of research indicate that many M&As fail in accomplishing described criteria, i.e. that they do not increase the firm’s business success. This opens questions about the...

A new theoretical and methodological approach is proposed for an interpretation essence and a tool for evaluating the competitiveness of the graduate. Meaningful signs of competitiveness are the process by which a subject of labor is able to compete and the outcome of this ability in a competitive labor market. The purpose of the work is to identify the impact (how close the ties between the elements are) of the elements responsible for forming competition abilities on the resulting value-the level of gain. When a...

Changes in the economic development of countries in recent decades have been influenced by processes that have modified the methods and forms of business. While in the past, the emphasis was putting on the size of the company, now the connection of the company to the various forms of network cooperation is growing. One of these forms is cluster cooperation, where the major position the small and medium sized enterprises have. Their decisions if they join the cluster cooperation depend mainly on the various risks t...

The aim of the paper is to indicate the essence of the concept of sustainable development as a new paradigm in the theory of management science. Different paradigms reflect different interpretations and aspects of modern management which are changing faster and faster. The twenty first century poses many challenges to management. Nowadays, the reconciliation of economic, social and environmental aspects is one of the most difficult problems in the area of modern enterprise management since, in the science of susta...

The present article looks into the issues of information economy development and methodology of enterprise management based on the functioning of new economy. The article is essentially topical as the new field of knowledge and new environment for enterprise management are being formed. The purpose of this article is drafting provisions on the subject of information economy and its impact on the whole range of enterprises’ production and economic activities management. The authors have by way of research developed...

Cross-border mergers and acquisitions (M&As) must now be included among the fundamental mechanisms of industrial globalization. They are seen by many as a relatively fast and efficient way to expand into new markets and incorporate new technologies, know-how and better managerial techniques. Cross-border M&As facilitate the international movement of capital, goods and services, technology and the integration of affiliates into global networks. We analyze in the paper, the influences of the financial and trade libe...

The article considers questions of conceptual aspects in developing of knowledge management theory. The relevance of the article is due to development of innovational economics and necessity to create and to implement the knowledge management system as its component. The purpose of article is to develop theoretical and practical provisions about place and role of knowledge management at the enterprise in conditions of new economic functioning. In the study, authors designed the theoretical and practical nature of ...

Management and building of a positive corporate reputation is a frequently discussed topic in modern economic literature. The thing is that in the current market environment a positive reputation is a key intangible and hard-to-copy factor, which decides whether the company will be successful or not. Obviously, a positive reputation stems from a long-term successful operation of a company in the market, it is an image of personal experience, but it also results, to a certain extent, from the “public opinion” share...

Geography education in Bulgaria is conducted in conditions of centralized planning. It is organized in a system which obtains certain parameters – content, struc-ture, organization and environment. The most important factor defining the geography education statute is state educational policy which is a result of social, economic and political conditions. Public needs, nature of geography science and the essence of geog-raphy knowledge and cognition find their particular reflection in the mission of geogra-phy educ...

Corporate culture is an important element of almost any company: most researchers, both theorists, and practitioners underline the key role of corporate culture in the success and prosperity of any organization. Speaking about corporate culture, we mean firstly the combination of values and perceptions prevailing in the organization, and also norms and patterns of behavior that determine the status and activities of employees. Evaluation of the level of development of a corporate culture and the mutual dependency ...

The paper considers the reasons for the low effectiveness of management activities. The fact that the poor quality of management training is not always the most urgent problem is determined. The reason for this situation is in the practiced management concept: it is necessary to develop new principles for management systems development. The management system itself determines the ways to achieve the determined goals, develops a specific program of actions. The paper analyzes modern transformational trends in manag...

In the period of variable economy the stability of mini-economic systems is becoming one of the main categories that should be subjected to research and management. However, to date, there is no single approach to the definition of this conceptual category. The concepts of financial stability and economic sustainability are often mixed up. In addition, the existing approaches to the definition do not take into account the dynamism of the enterprise environment. The article examines the conceptual differences betwe...

The junior football game requires a specific approach at the level of each academy, depending on the characteristics of the conception of the established game. So in our case, we will refer to how to approach the construction of the game - the attack phase - depending on the reality existing at the time of the competition, the preparation of the junior players of the Craiova University Sports Club, so that they will be able to react positively to their teammates’ behavior of as well as their opponents’. The paper ...

This paper identifies the steps, parameters and criteria for evaluating technologies in terms of its potential for creating new sectors in the economy of resource region. We established the key principles for prioritizing the directions of technological development: maximizing the technology’s potential for future economy, integrating the effects of regional development with national economy. The study is based on an analysis of the global and national trends in technological development, identification of technol...

This paper explores the literature on social investment. Social investment is a form of implementing social responsibility and investment in human development. The effect of social investment is determined by the quality of life and has comprehensive direction for the development of social reproduction, because the system of social investment in its parameters beyond national interests. We provide empirical evidence of the influence of social preferences on formation of the investment portfolio of large Russian co...

Mergers and acquisitions are one of the indicators of economic development of the country. In the global economy growing trend of global integration, manifested in the entry of companies into new markets while increased competition both national and international. Russia's participation in globalization has made her an active participant in the mergers and acquisitions in the global economy. The aim of the study is a comparative analysis of current trends and global trends of the Russian market of mergers and acqu...

Background: Intensive, gradual world economic globalization processes are giving rise to ever more stringent objective factors for the successful functioning of all the structural systems of the international market including the locus of the formation of consumer demand. From this angle, the issue of establishing and managing consumer preferences on the part of marketing technologies in our opinion is going out of date to a certain degree. The primary consumer consciousness development vectors of the Y generation...

The Pharmaceutical Industry is one of the biggest industries trying to balance the relationships between innovation, competition and superior profits [1]. As we noticed, nowadays, we have many types of drugs at our disposal to buy. But what happens when many pharmaceutical manufacturers produce the same drug, with the same active substances, changing just the appealing packaging? People barely notice and, of course, they pay more for the same original drug that they used to buy. How rapidly new drugs appear on mar...

The article describes the process of designing and implementing innovative solutions using methods that support creative problem-solving and project management methods. The convergence of innovation management and project management topics are outlined. Consequently, it enabled the creation and presentation of a hybrid innovation management design model that combines methods and tools in the areas of investment, innovation management and project management. In order to establish the innovation management design, m...

The purpose of this study is to create an original performance scale. For this purpose, exploratory factor analysis and reliability analyzes were performed. A two-step focus group study was conducted to construct scale expressions. When the proposed form was filled in by 45 top managers for 45 white collar employees, a total of 90 forms were obtained. These 90 forms have been prepared for analysis by data entry. In order to measure the performances of 90 white-collar employees, a group of managers, who provided pl...

The article is based on the results of research work devoted to the problems of corporate social responsibility which over time undergoes significant changes in accordance with the expectations of society. The classic interpretation of the creation of a "shared (common)" value for business and society is the antithesis of corporate philanthropy on the distribution of value previously generated by the business. According to the authors, companies can create both economic and social value in three ways: by rethinkin...

The paper presents the main assumptions about the theory of constraint, particularly with regard to its application in the area of improvement of the organization of production processes. The analysis was made on the example of the lacquering process. In analyzing according to the principle of continual improvement, newly diagnosed "bottlenecks" were presented and possible ways of eliminating them and expected effects were presented. The practical application of the theory of constrains confirms the universality o...

Enterprise Management in recent years requires a lot of concentration on environmental change, i.e. Increase the competitiveness of enterprises, technical and technological progress, increasing demands by customers, decreasing product life cycle and product innovation. The answer to the problems of modern management companies became controlling and budgeting . The purpose of this article is to present the role of sales budgeting in business management. The applied research methods are based on literature studies o...

Relevance of work is caused by processes of regionalization and integration, need of creation of innovative, competitive economy in the Russian Federation. All municipalities, relying on project management, develop programs of spatial development. It does actual the solution of questions of increase of efficiency of activity and a choice of the priority directions of development of economic entities regardless of their level. Are considered spatial development of economic zones of the Republic of Sakha (Yakutia) o...

While constructing a conceptual model of human resource assessment, organizational climate and organizational internationalization, the attention was paid to the fact that human resource assessment, organizational climate and organizational internationalization not only form a general system, but also interact. In striving to assess and describe this interaction, there was used a model of dialectical hermeneutics. This model at the level of inductive cognition allowed to extrapolate the model of human nervous syst...

Small and medium sized companies (SMEs) play a vital role in the securing and building a sustainable and responsible business environment of a particular region. SMEs approach to the surroundings may be based on completely different activities than large enterprises apply. The paper aims to evaluate the possibilities of implementation of social responsible activities in a selected Czech SME. In an effort to increase the continued low level of ethical character of the Czech business environment, it is SMEs that can...

The publication presents the results of empirical research on technologies used in the home pages of the Irish credit institutions authorized under Irish Legislation to carry on banking business in the state according to the Irish Credit Institutions Register, Section 1 (a) in 2017. The home web pages of 10 banks were studied. Our survey reveals some interesting details about the proportion of the used web technologies. The average home page size is around 1.4 MB and the share of the images is around 50%. The shar...

The social innovation in clusters is a novelty for Romania and the paper presents a scientific method to evaluate and monitor of the social innovation performances in clusters. Clusters are drivers of entrepreneurship, innovation, economic growth and jobs. The paper intends to focus on the objectives related on the innovative capacity of clusters and of linkages that involve social relationships or networks that produce benefits for the cluster members, on the competitiveness of clusters and their potential of cre...

Recent years have shown the increased importance in Corporate social responsibility (CSR) reporting, especially among large multinational corporations. The European Di-rective 2014/95/EU requires that so-called ‘large public-interest entities’ – companies with more than 500 employees – start reporting on their non-financial indicators. How-ever there is a ‘significant flexibility’ in the disclosure of non-financial information, since no agreed-upon guidelines on CSR reporting exist. As companies are free to report...

Today, one of the factors determining the success of the Russian economy includes the establishment of high-technology production, which involves the use of innovation, research and development. On the other hand, most developers of such innovations are often not interested in further commercial use of their R&D results and scientific developments, therefore, are not introduced in the economic turnover and do not reach potential consumers. The paper analyzes the situation on the today’s market of new technical dev...

The article discusses the social risks and their role in the management of entrepreneurial structures. Risks are indicators of the degree of social tension and level of success of entrepreneurial environment on local level, regional level and enterprise specific, and macro. The General trend in Russia was strengthening the entrepreneurial activities of the state - state equity participation of large companies is becoming one of the most common forms of state regulatory impact on the economic activity of economic a...

The aim of this paper is to explore the necessity of seeking new conceptual approaches to the management of spatial development of territories to confront the global challenges. The radical changes that have occurred in the modern world formed new trends resulting in cluster and network models in the development of territories. The general trends that influence territorial development are: global synchronization of technologies in advanced industrial sectors, convergence in sciences and technologies, transformatio...

The article substantiates the necessity to take into account the uncertainty of the environment of the economic entity's operation while determining the cost effectiveness for implementing the system of controlling stability at an industrial enterprise. However, the use of well-known formulas of calculation of profitability, the total of which is calculated as the ratio of profit to cost, that caused the profit, in this case is not possible. This impossibility lies in the fact that industrial enterprise is operati...

Servant leadership is a philosophy that includes methods, principles, practices and many useful concepts that can be applied to build better organizations, help businesses run more effectively and efficiently, to protect and encourage well-being. The term servant leadership is firstly used in essay “The servant as leader" and is created by Robert Greenleaf in 1970 [5]. Servant leadership is important for its approach and views of organizations, individuals and communities, it focuses on their growth and well-being...

Based on empirical experience there is performed a theoretical modelling of interaction of organization and global environment in joint prospect of human resource assessment, organizational climate and organizational internationalization. Having researched the influence of human resource assessment on organizational climate in Lithuanian public sector, there was constructed a conceptual model describing human resource assessment, organizational climate and organizational internationalization. During creation of th...

Performance measurement is a central theme in business management. There are four broad areas of inquiry. The first focuses on accounting as a performance measurement system that generates various reports for various purposes. The second is concerned with strategic measurement systems including both financial and non-financial measures designed, selected, implemented, used, and maintained by organizations. The third considers the role of performance measurement systems as part of management control systems. The fo...

Organization that wants to succeed in the present market must monitor and evaluate the competition, adapt its range of products and services to market changes and reach as large number of consumers as possible. Product policy is a necessary and important part of the management and marketing of each company. The aim of the paper is the theoretical processing of the product policy and product strategy and product strategy of selected international company in terms of Slovak consumers. The present paper reports a the...

This paper considers the implications of a new method for managing the development of a region. This method employs the «smart specialization» concept and results in the formation new booming sectors in the economy of region. The formation of these sectors is based on integration of «breakthrough» and intellectual technologies into the processes of production and management, both in traditional regional sectors of specialization and new sectors. We consider a transition to multi-sectoral model to be a primary obje...

Theoreticians and experienced practitioners agree that organisational innova-tiveness is a key factor leading to the continuation of business activity and to developing of contemporary organisations. There are many publications about innovativeness de-terminants. According to practitioners and theoreticians organizational structure is one of the important innovativeness determinant. This article presents the results of empirical research concerning the relationship between the organizational structure and the ente...

If companies want to succeed and achieve sustainable competitive advantage, especially on the contemporary global market, they have to pay attention on competitors’ behaviour and global best practice. The same requisite applies on trends in technology, product development, innovations, but also in adopting and mastering managerial practices. With the aim to investigate trends in organization of information system in firms, in this research, different instruments and systems of data gathering and analysis (with an ...

Nowadays the success of organizations are becoming more and more dependent on leadership and the quality of workforce. Leadership’s effect as a factor on organizational success and workforce loyalty increased its importance. In this study the effects of servant leadership and path-goal leadership on organizational commitment and turnover is being researched. The sample consists of 112 employees in 35 organizations in Çanakkale city. Data collected by unobtrusive measures and question forms is subjected to analysis...