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This paper considers the implications of a new method for managing the development of a region. This method employs the В«smart specializationВ» concept and results in the formation new booming sectors in the economy of region. The formation of these sectors is based on integration of В«breakthroughВ» 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 ...

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 purpose of this paper is to analyze cultivated surfaces and obtained production in Romanian West Region of Development performing after that a SWOT analyze of this sector. Romanian West Region has two areas of major importance in Romania's vineyard production, namely Minis-M?derat and Reca? vineyards, which have a quality recognition through Denominated Origin and Geographically Indication, but also a considerable amount production for export. It is observed that even if the surfaces are not representative the...

Activity-based costing as a management method has been a very much discussed topic in the field of allocation of logistics costs in recent years. Activity-based costing is a kind of method that can accurately calculate costs. This method has been imported to solve problems that logistics service providers come across. The paper aims to present an innovative management approach to logistics cost calculation for warehousing for a chosen logistics service provider. It is based on research of world literature, in-dept...

Background: Strong competition, financial crisis, bankruptcy of contractors, all these factors affect negatively the financial situation of enterprises. Large international corporations with multiple divisions are less affected by their customers or suppliers. In the case of small and medium-sized enterprises the downfall of one customer is very important for their financial situation. Therefore, one of the possibilities that influences positively on the safety and financial condition of enterprises is the activit...

Practice of project management is continually changing in the contemporary business. Working with the small teams and often with the limited budgets, while facing frequent changes in the business requirements, project managers are under continuous pressure to deliver fast turnarounds. Following the demands of new trends in the business management, leaders in the R&D sector are optimizing and adopting different and new styles and strategies more effectively. Waterfall models are suitable for projects with very clea...

The most important condition for stable social and economic development of the state is the support of small and medium-sized businesses, including the basis of ensuring the availability of financial resources. If the business does not have the possibility of direct financing through the banking system, factoring becomes an effective tool for replenishing working capital; existing competition on commodity markets determines the need for a flexible interaction between the supplier and the buyer in the conditions of...

Adequate administration of the bank requires management not only to know well the financial status of the institution, but also to plan and control the operational processes and to take managerial decisions about the efficient allocation and utilization of the available resources. New requirements are set up aimed at provisioning of information in the bank management system, but also new challenges arise in relation to the accounting and information process for budget planning, accountability and control in order ...

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 ...

Hard coal in Poland is a fuel used mainly for the production of electricity. For this reason coal is essential to ensure the country's energy and social security. Currently there are 80 000 workers employed in the Polish mines (as of 31.12.2016) who maintain their families, drive the economy and pay taxes. The annual cost incurred by the state in connection with the functioning of only one unemployed person is approx. 2100 EURO taking into account only the health insurance costs, opportunity costs [1]. Mining is t...

The innovative potential of Russian small business is not completely realized that is indicated by the comparison of its innovative activity with small entrepreneurship in many developed countries. The development of measures to support and stimulate the activity of small enterprises in Russia is attended, and the priority task is the search for mechanism to increase the participation of small enterprises in innovative transformations of economy. The aim of this research is to analyze development factors of small ...

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 paper deals with the issue of employee training and development for sales managers. Training and development of sales managers is from the point of view of human resource management very important as it can directly affect the company's business results. Managing a team of salespersons is difficult and it requires a wide range of knowledge and competences such as team motivation, goal setting, evaluation of teamВ’s success, effective communication, and more. In order to determine the current situation in the f...

In the modern world, it is very important to pay special and significant importance to the process of corporate and social responsibility (CSR). Socially responsible activity brings a new look at the social direction of the business and it brings benefits to organizations, both directly and indirectly, which provides a long-term competitive advantage. The business entities have competed by several tools, mainly from the point of view of product’s quality, services, customers, etc. But the time is running and the...

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...

Micro-enterprises employing up to 9 employees are the largest group of SMEs. These are the companies that are highly sensitive to the variability of the environment and the quality of the business environment. This specific group of companies often does not have appropriate financial resources necessary to be competitive in the market and has low human and intellectual resources. These distinctive characteristics make micro-enterprises be a frequent beneficiary of external sources of financing. The information on ...

Balanced scorecard is an important tool used in strategic decisions. In the literature, many field balanced scorecard devices from the education sector to the manufacturing sector appear to be used to make strategic decisions. In this research, the balanced scorecard was used to create merger and acquisition profits in businesses. The purpose of this study, Balanced Score Card (BSC), is to determine the strategic objectives set forth in the merger and acquisition decisions. This study of 124 people with an open-en...

If companies want to succeed and achieve sustainable competitive advantage, especially on the contemporary global market, they have to pay attention on competitorsВ’ 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...

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...

Sustainable transport has become an important concept as a reaction to global climate changes. Climate change has always belonged among main factors in human society development. Recently such global changes have been gaining speed and strength. The main motor of these changes is increases in greenhouse gas (GHG) emissions originated in energy, industry and transport sectors. This is the reason why the Czech Republic adopted a document called Climate Protection Policy. The aim of this policy is to reduce negative ...

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 todayВ’s market of new technical de...

Customer service staff have to communicate daily in different situations both verbally and non-verbally, by means of personal discussions, telephone calls, e-mails. It is often said the first impression is decisive and that is why good communication skills are considered the essential condition of success of customer service staff. If the customer service staff are not able to communicate correctly, the probability of their failure increases. Explicitness, briefness, precision, completeness and politeness can be c...

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...

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...

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...

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...

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...

Graduate studies at universities are conducted not only in theoretical research but also in order to find solutions to the needs of the sector. With this study, it is aimed to investigate the studies made about career by content analysis method. This study aimed at investigating master and doctoral dissertations on human resources management published between 2000 and 2017 at Turkish universities by content analysis. Totally 113 dissertations are included in the analysis. The dissertations are examined according t...

In recent years large Russian companies persistently face significant demand of the society to provide it with extensive information on their activities which, in particular, should include reporting on corporate social responsibility (CSR) issues. In previous studies, we have identified the correlation between corporate social policy of a large enterprise and the level of social pollution caused by the entityВ’s activities in the territory of its location, and hence the level of labor resources' well-being. The r...

The integration process in East-European countries of EU are connected with economic and political destabilization which cause activation of the researches connected with aspects of increase in efficiency of corporate governance of different industry specialization entities. The company which in its activities follows the principles of good corporate governance, enjoys the confidence of the investment society. Therefore, methods of determination and assessment of entities cost efficiency and estimation of cost eff...

Corporate social responsibility (CSR) is becoming popular concept in both academia and business practice. The increasing expectations of stakeholders to transparent and responsible running the business implies the measurement and disclosure of company's impact on society and the environment. It is the transparency in business practice that is the foundation for building a responsible organization. Ensuring that transparency is linked to effective and clear communication with stakeholders. The paper aims to highlig...

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...

With more than 3500 plant species with therapeutic properties, the flora of Romania holds the key for an environment opened to new scientific studies [1] that can lead to innovations in the pharmaceutical and cosmetic sector. The benefits of Romania's geographical position in the growth of many plants species used in medicine, pharmacy and cosmetology, will also be discussed. Some of the top plant species like sea buckthorn (Hippophae rhamnoides), romanian paeonia (Paeonia Peregrina), yellow poppy (Papaver alpinum...

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...

Increase of dynamism and competitiveness in business environment, stimulates providers of catering services to focus on the measurement of customer loyalty. However, the current methodological potential of this field is not developed enough to use in practice. The methodological insufficiency of customer loyalty measurement determined the topicality of academic research substantiating the model that creates the background for the measurement of customer loyalty towards a provider of catering services. The aim of t...

Customer orientation is essential for long term success competing between sports organizations in this dynamic business world. Customer performance might be essential providing competitive advantage of sportВ’s organization. Accordingly customer orientation in strategy might create value for the customers and increase customers' loyalty. CustomersВ’ of sportВ’s organization might behave differently according to the type of sport and even gender of sportВ’s team. In this case customersВ’ (fansВ’) performance of wom...

The entrepreneurial intention issue is considered nowadays as an important source of corporate sector growth and competitive advantage of enterprises. The strengthening of intentions towards entrepreneurship should be developed by educational system, achieving the strongest intensity at higher education level. Identification of factors influencing the entrepreneurial intention among students could lead to improvements in education system to be more entrepreneurial oriented. The main aim of the paper is to identify...

The digital world has become an integral part of life for the majority of the world's socially active population. Topicality of the research could be substantiated by numerous researches [1], [2], [3] clearly stated the extreme importance of enterpriseВ’ powerful brand in a digital era for raising the competitiveness of a company and customer satisfaction. This trend requires every entrepreneur to pay considerable attention to the strategy of building the robust digital brand identifying social interests and focus...

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...

The purpose of the study is to develop methodological bases for diagnosing promising labor markets to forecast the staffing needs for the high-tech and innovative sectors of the regional economy. The complexity of the task is in the need to identify intellectual and human resources for promising commodity and labor markets, which currently do not have business customers. Existing methods for assessing the staffing needs cannot fully consider the changes in the strategic priorities for the regional development. As ...

The influence of small and medium enterprises on the economy of various countries of the world is considered. The study examined the dynamics of small and medium-sized business development in Russia and foreign countries, criteria for classifying small and medium-sized businesses. The dynamics of development of small and medium-sized enterprises in foreign countries and in Russia is analyzed. The impact of small and medium-sized businesses on various sectors of the economy is estimated. The problems faced by small...

The article focuses on the concept of distributed leadership (DL) in the context of growing uncertainty of organizational environment. The article discusses the study, carried out in 212 organizations - different due to the industry, the size, and form of ownership. The purpose of the study was to determine the relation between organization's environment uncertainty and the degree of leadership distribution. Research hypothesis regarding the relation between the DL and environmental uncertainty was formulated and ...

The article reveals the essence of ecological and economic imbalances, identifies the causes of this phenomenon in the Russian Federation; the calculation of genuine savings indicator showing that there is an imbalance between the economy and ecology of our country. It notes the role of eco-oriented enterprises within the concept of sustainable development, proposes institutional solutions that will help companies to make their ways towards ecological-oriented type of development.

Growth models are considered to be interesting to economists. The article shows the analyses of the basic approaches to growth models. Under the conditions of economic uncertainty the theories that take into account non-leaner relationships between development factors are considered to be very powerful. Moreover the solutions to the development factors that form cyclical path and the model based on the use of cyclical nature of economic development can be also very helpful. For this purpose special attention is gi...

Transformation processes in the modern economy have led to changes in labour sphere, which affected the employment relationship between employers and hired workers. On the one hand, the employer now has mostly a dominant role in the labour relationship that allows him to dictate their own often precarious employment terms to hired workers. On the other hand, employees demonstrate their willingness to work without a written employment contract that guarantees the observance of social guarantees, as well as for low ...

Study of entrepreneurial behavior is based on in-depth empirical qualitative research. Research explores and explains entrepreneur actions and counteractions under business environment munificence/scarcity. Surrounding environment evokes entrepreneurial behavior which has become an important issue. Entrepreneurs identify a business idea and change that into a venture. More enterprises operate in a munificent and stable environment which leads to theories that the environment supports and stimulates entrepreneurshi...

There is a broad spectrum of BI (Business Intelligence) models. CBIM (Complex Business Intelligence Model) integrate several BI aspects, e.g. artificial intelligence, data bank, psychology, sociology etc. They are unique, partially subjective, inconsistent, vague and multidimensional. CBRMs development suffers from IS (Information Shortage). IS often eliminates straightforward application of traditional statistical methods. It is therefore often prohibitively difficult to analyse them using numerical quantifiers. ...

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...

During the 2007-2013 programming period, the organizational cultures of national public authorities and institutions with responsibilities in the management and control of European funds have gradually developed, in particular through the use of written rules, designed based on regulations and recommendations regarding ethical and professional standards. However, for the current financial programming period (2014-2020), there remains the need to involve the personnel of authorities, in particular the managing auth...

This article examines formation and development of human capital as the key resource of the service economy. This article explores the issues of changing the requirements for the personnel of service companies and improving the system professional development within the framework of introducing managerial innovations at enterprises in this field. To carry out the research, the authors of the article used methods of structural, comparative and statistical analysis, as well as methods of scientific classification, p...