Browse

The “European Capital of Culture” project was elaborated by the European Union for the purpose of convergence of individual citizens of the European Union countries and to present the culture of selected cities, states on a European scale. Its aim is to highlight the richness and diversity of European cultures and the features they share, to contribute to better mutual knowledge of European citizens and to support a sense of belonging to the same European Community. The first locality became to be Athens in 19...

The article analyzes the situation in Russia's market for agricultural machinery as one of the strategically important markets, which, in the last decade, has been affected by a set of stable negative tendencies; and if preserved, they will be able to influence a national food safety. The author believes that a way to solve the existing problem is to develop a highly competitive entrepreneurial environment in this market.

This study analyses trends in the economic development and measures and decisions adopted by companies' management in order to deal with unfavourable external factors caused by the economic recession. Subject of research are trends in the economic development in the period from 60s to 80s in the past century. Study looks into their impact on managerial decision-making; compares their results with current trends in the economic development; compares reactions of management; evaluates relations and strategies within...

The purpose of this paper consists in developing a theoretical model of the modern market-profit-value relationship. The essential factor which is modeling this relationship is creativity. The model was obtained after a research of a special bibliography. The analysis of the concepts of profit and value was conducted from the perspective of an inexhaustible resource: human creativity. The original model of the market-profit-value relationship emphasizes the importance of the human resource and customer creativity ...

In this paper, a new system is designed, which can be implemented into mobile phones, without increasing their size and power, while using Galileo satellites. The system will offer the rescue service also in areas without terrestrial mobile network coverage – for everyone, but decisive purpose of our study is to develop appropriate equipment for disabled people in challenging environmental conditions such as skiing in foggy weather as well as night cross-country skiing or riding bike in such conditions. First pa...

Development of innovative entrepreneurship is always fraught with considerable difficulties. It is especially difficult to make decisions about the development of activities in the face of uncertainty. The study of scientific materials showed that in the innovative business there are about 70 types of uncertainties. The task was - of their systematization and classification of conditions, existence, nature appearance to develop management guidelines. For data processing was carried the large-scale expert study bas...

Experiential marketing, along with relationship marketing ,expresses reality of the current economy, and of the society in general, in which the (subjective) consumer involvement in the creation of tourism product is an essential condition of the consumption act. Although the control of the companies dealing with destination management and, respectively, marketing is limited in terms of product policy (and, by default, customer satisfaction), the marketing specialist's task is all the more difficult, as the succes...

The article deals with the problems of modern changes in tourism spatial organization in Russia. It is aimed at identification of key areas in this process and its specific features. The research methodology is based on a combination of systems approach, geographical and historical studies and spatial construction management. Tourism spatial organization in Russia is being formed "from above" (centrally), on the basis of programme-project approach and in accordance with the state programmes on tourism development ...

The transitive processes taking place in the competitive struggle, and shifting it to the sphere of high technologies lead to the expansion of the innovative field in the world economic system , simultaneously embracing a wide range of new branches, including even those, which didn't use to be treated as knowledge-intensive or high-tech before. A prominent place among them is occupied by energetics. This area happens to be one of the greatest customers and consumers of the creation of the innovative technologies; ...

In this paper was studied the macro and micro situation about four groups of market-oriented companies from Saint-Petersburg in three periods of time. Was proposed the typology of market orientation as the element of Strategic Management System. The authors tried to make the connection between the type of market orientation and the situation on the market in a given time period. In 2010-2014 authors conducted the survey of more than 200 companies of Saint-Petersburg (SME and some large companies). There were ident...

Strategy and tactics of modern Business development is guided, first of all, by the company's intellectual assets development, including their basic component - human resources.Management of enterprise's intellectual assets development demands a quantitative evaluation of these resources quality parameters.In the work presented it is proposed to use a graphic display of an intellectual assets quality condition in a form of spatial histogram with a following coordinates system: "human", "organizational" and "social...

In the current environment, the economic clusterization, which contributes to closer interrelations between the businesses operating within this system and promotes development of the involved regions, represents one of the key factors relating to competitive ability improvement of the active businesses. Identification and assessment of regional clusters is actually regarded as an insufficiently studied issue, which fact, first of all, is linked to complexity of the region as an economic system on the whole having...

This article wants to be a presentation of what rural tourism and agro-tourism are, in the context of sustainable tourism, having as main purpose the protection, preservation and promotion of traditional rural buildings in Transylvania. Having as a starting point the theoretical concepts which substantiate its activities of sustainable rural tourism and agro-tourism, with positive implications on the economic, social and cultural fields, on one hand, and the fundamental concept which is defined by tradition and ho...

Early 2008, road transport undertakings of the European Union member countries faced a huge shortage of drivers. Increasing demand for freight services and growing number of vehicles led to critical shortage of drivers. Due to economic recession, road freight traffic experienced dramatic decline, and the shortfall of drivers was resolved only on a temporary basis. However, compliance with social legislation necessitated to increase the number of drivers of road freight traffic compared to number of vehicles by abo...

In modern economic business conditions the state is becoming more corporate and a partner of the private sector. The authors in this paper analyzed the public-private partnership (PPP) as a form of public-private sector cooperation, where the partnership and market relationships are established, while achieving mutual interests and protecting public interest. The aim is to investigate the characteristics of PPP in Europe, with a special focus on the transition economies and Serbia, and in particular to highlight t...

In the today's highly competitive market environment, enterprises are searching for new ways of serving markets and creating a differentiated customer value. An important role in these change processes is played by the process of market segmentation according to the customers' requirements and shopping behaviour. Properly performed market segmentation then contributes to increased profitability of the company and of the entire value network. The methods used in segmentation are based on combinations of various seg...

The general consensus is that the customer value has become a key tool for gaining a competitive advantage and for economic growth of companies and an important dimension determining the efficiency of a company from the point of view of its customers, too. This requires assessment of the level of the customer value. Although the customer value appears in each marketing textbook, the problem of measuring the customer value still has not enjoyed the appropriate attention. This paper deals with adaptation of diagnost...

This article describes the features of state corporations in the Russian industry. State corporations are some of the points of economic growth in the system of industrial policy, which characterizes them as an instrument of state regulation to stabilize the economic condition of the industry and the state in general. The authors analyzed the world experience of creating state corporations. Analysis suggests that creating state corporations in the industrial sector helps stabilize of the economy in the country. Th...

The purpose of this paper is to show the impact of organizational values on product innovation in manufacturing companies on the basis of former literature insights and empirical evidence from 81 Austrian and German companies. The first section includes the results of an in-depth content analysis of relevant articles revealing a grouping of the twelve most frequently expressed value themes for necessary innovations. Further, the paper contains empirical results from a survey among 81 managers of Austrian and Germa...

Recent global economic crisis has revived a longstanding debate whether government spending or austerity is the better way to stop financial downslide and to set economy straight. Two notably opposite schools of economic thought have crossed swords: one championing “honeyish” fiscal stimulus via increased government borrowing and spending, and another, advocating “tarry” public spending cuts. The major aim of this paper is to contrast and compare the working mechanisms behind spending and austerity measure...

Development of innovative entrepreneurship in the Russian Federation is particularly relevant at the moment. At the level of the constituents of the Russian Federation were formed their legal frameworks, which should be the rules of relations in the “state - the business community”. A program to support small innovative entrepreneurship in universities and research organizations was developed. However, if we turn to official Russian statistics, the regions have a sharp contrast from each other based on the res...

Innovation and innovation policies and strategies implementations are one of the most important aspects of current international economics and business development issues. It is the key not only to creating more jobs, building a greener society and improving quality of life, but also to maintaining companies' competitiveness on the global market and states'/economies' competitiveness enhancement within the international economics system. Technology has become internationalized. Technology is a double-edged sword f...

Motivation seems to be one of the most important tools of Human Resource Management. Organizations design motivation systems to encourage employees to perform in the most effective way but also to attract potential candidates. The key to create the efficient motivation system is an answer to the question what really motivates employees. The purpose of this paper is to find which motivation factors are seen as the most important by students considered as future business persons. The aim is to analyze findings in th...

The purpose of this paper is to test to what extent an economic growth can be attributed to the international knowledge spillovers. The knowledge spillover is related to the possible output growth gains from the total factor productivity increase in other countries. Analysis of growth accounting was based on the production function of neo-classical growth model. The augmented production function accounted for the labour, physical and human capital, and also captured the other country†s total factor productivity ...

In tourism, the suppliers/producers are considered, in fact, "sellers of dreams", the consumption of tourism products being seen as consumption of experiences. Being widely recognized by the researchers in the field, the delivery of memorable tourist experiences represents a „must” for organization's success on the increasingly competitive market. Through this paper, the authors aim to highlight the importance and the role of tourism experience analysis in both the design of new tourism products and the contin...

Hierarchical forecasting represents an approach to forecasting which takes account of the possibility of integration of foreseen items into related groups in accordance with chosen aggregation variables. Therefore, it is possible to use it in creation of a system of forecasts on different aggregation levels in the way the created forecasts are in mutual time and material harmony. The thing is that in hierarchical forecasting the final forecasts are created from forecasts on a lower level of aggregation (bottom-up ...

This paper investigates the development of Lithuanian international trade of creative industries. The purpose of the research is to analyze the significance of creative industries in Lithuanian international trade development under existing conditions. Theoretical review of the definition of creative industries, nature, structure and changes of development of Lithuanian international trade are analyzed in this article in order to define the significance of creative industries in development of Lithuanian internati...

The main aim of the paper is to identify the range of regional products on offer in the Czech Republic and in individual regions based on secondary sources of data. Every region in the Czech Republic has its own unique characteristic, stemming from its natural beauties and the culture of its people. The products that come from certain areas also bear part of this character, having been created by the work of local artisans and farmers. The results of primary research will then show the preferences respondents have...

The purpose of the article is to investigate how the national intangible resources are evaluated in European Union countries. It was distinguished two perspectives of intangibles research. Value of intangibles gained by applying different methodologies was compared for particular European Union countries. It was identified that results gained using different methodologies are strongly correlated; also it was shown that business sector intangibles constructs small part of intangible capital in a country.

The business environment is constantly changing and becoming more complex and difficult. Enterprises are under pressure, which forces them to react quickly to changing conditions and be innovative in the field in which they work. Such activities require businesses to be more flexible and to take frequent and quick strategic, tactical and operational decisions, some of which are very complex. Receipt of such decisions may require significant amounts of data, information and knowledge. Processing within the required...

Small and medium-sized enterprises (SMEs) are the predominant form of enterprise in the European Union as well as in Romania. Although most research in Corporate Social Responsibility (CSR) focuses on large companies, there are some studies dealing with CSR of small and medium-sized enterprises (SMEs), recognizing that we cannot generalize our understanding of CSR in large organizations and the difficulties in achieving it for SMEs. Both the academic and the corporate sector face uncertainty when defining CSR, whi...

For more than a decade, the liberalisation of the European energy markets has been on the agenda, this liberalisation being highly motivated by expected efficiency improvements. The competitiveness of the European economy and the welfare of its citizens can be enhanced through a more efficient supply of energy. The liberalisation of the energy market should lead to improvements in productivity, a more competitive pricing and greater efforts to support and develop innovation. This paper will provide an overview and...

The paper deals with the issue of data quality for Business Intelligence (BI). The main objective of this paper is to highlight the importance of high quality of data in management and decision-making process and the impact of data quality for successful implementation of Business Intelligence. Authors define the usual problems associated with incorrect data and present the methodology for managing and maintaining data quality in eight steps. Data quality is undoubtedly one of the critical success factors for Busi...

Organizations of the 21st century are facing a business environment characterized by expansion dynamism and dramatic crises hard to imagine decades before. The main resource of the organizations in the present and the next future proves to be, inevitably, the human resource. The paper presents research results revealing the need to focus on the major resource of the company – the human resource, bearer of the knowledge, creativity and power of the company. The most important threats of present economical context...

The global energy landscape will evolve significantly in the coming decades, creating new opportunities for international trade and economic growth. Because few countries have energy and all countries need energy, trade in energy (and especially oil) has been crucial to fulfil global energy needs. There is more trade internationally in oil than in anything else. This article has as its purpose the establishment of the theoretical reasons for the connection that exists between the international trade regime and the...

The degree of openness measured as the share of foreign trade to GDP is one of the factor that significantly determine the development of countries. That is why many authors are interested in openness of the economy and its impact on macroeconomic development of the country from a theoretical and empirical aspect. This paper is therefore dedicated to show different measurement of openness and analyze the relationship of openness of the economy and macroeconomic developments with the help of regression analysis. Nu...

The globalization of economic and social life of the planet has produced fundamental changes in the contemporary society that we are going through. Characterized as society of knowledge, the contemporary era faces needs, expectations and desires that are increasingly varied and complex from the involved parties. Satisfying these needs, expectations and desires depends on how are they highlighted and recognised by society. The present report represents an overview of the way how this situation can be managed becaus...

The role and importance of the independent assessment of standardized information provided by public officers associated with the formation and use of municipal funds to ensure legality, reliability, and compliance with established performance criteria are constantly increasing worldwide. It is this form of financial control meets municipal management concept and allows evaluation of the effectiveness of their activities. Municipal audit can improve the quality of information received by consumers and gives the op...

The purpose of the article is to assess the exchange rate forecasting possibilities with a modified microstructure approach model. In this research, the main model's element order flow is represented by dealer clients' long/short positioning ratio. A regression analysis is done to distinguish whether it is possible to forecast the exchange rates with clients' long/short positioning ratio. Then three investment strategies are composed to compare the effectiveness of the forecasts. A conclusion is made that retail t...

A first step in addressing the relation between accounting and taxation is to describe the main traditional accounting models, namely continental accounting model and the Anglo-Saxon accounting model. The Continental model, agreed in our country, stipulates that the state is the one who is the primary user of accounting information and it is subject to the rules while the Anglo-Saxon accounting model takes into account the financial resources of the entities that are procured by the capital market, market responsi...

Area of alternative energy in the world appeared relatively recently and at once attracted considerable attention to itself, from year to year continuing to strengthen its influence and popularity worldwide. However, international experience shows that in spite of all the advances in the field of alternative energy, the share of electricity from renewable sources in the total volume is still relatively small. But if take into account the great financial and technological difficulties of the transition to renewable...

This article discusses the problems of investment in national innovative projects. Prerequisite for the development of economy and building a national innovation system is the high investment activity. Especially that the new economy is based on intellectual resources, high-tech and information technology, which means a new technological level of the entire economy. Nevertheless, most innovative companies are experiencing difficulties in attracting the investments needed to implement innovative projects. The exist...

At the end of the `90s, in the U.S. economy, shortly after the technology stock market bubble bursts, thousands of companies ' balance sheets have been subsequently corrected for accounting irregularities, even for fraud . Not many people were aware that the stock market bubble and accounting scandals may have common roots. The unimaginable destruction due to the credit bubble of the period between 2007-2009 have confirmed this opinion, and placed the accounting scandals of the early years of 2000 in a new light a...

The concept of virtual currency started to be used mainly in 2008 when Bitcoin was introduced and has since gained traction with merchants around the world. This sort of currency has no central issuing authority, and uses a public ledger to verify transactions while preserving users' anonymity. This paper analyzes its positive and negative effects and focuses on development of selected virtual currencies like Bitcoin and Litecoin. It also tries to predict the future development of Bitcoin and compare it to other c...