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The study focuses on the use of talent management, depending on the size and form of organizations in the Czech Republic. On a representative sample of 301 organizations, who use talent management, it was determined whether the use of talent management depends on the size of private organizations and whether the form of organization is influencing its application. The study is a part of a very extensive research completed in 2016, dealing with the effectiveness of talent management methods in the Czech Republic. I...

Changes in organization are considered very important for its survival, development and well-being in today’s competitive environment. Advantage of organization’s success and achievement mostly depends on ability to harmonize its inner regulations and order with demands of the outside environment. Resistance to change is mainly considered as problematic behavior that needs to be overcome in order to guarantee successful introduction of changes. Aim of this study: to research causes and manners of resistance to cha...

The paper aimed to illustrate some of the best practices in civic initiatives pursued by a team comprising professors from universities and trainers from a training and consulting firm, united within a Romanian non-profit organization, in order to develop leadership and entrepreneurial skills in the case of students. The research methodology was based on both quantitative and qualitative methods. The paper demonstrated the importance of joint civic initiatives designed and implemented by people from both the acade...

The article deals with the issues of rational development of nature management and improvement of the environmental situation in agriculture in Russia. Development of rural areas, first of all – is to ensure their ecological safety on the basis of the development of rational nature management and modern implementation of measures to prevent the negative impact of anthropological processes on the environment. The organization and planning of rural development should take into account the need to preserve the existi...

Branding is an easier and spreading method in a short time in the purpose to create and consolidate an image based on the information launched to the individuals. This article describes how to create a perfect branding using segmentation and creating profiles. Also, in the same important category, the self-branding is considered to be more efficient to a business than the brand of the business itself. Nowadays, the new technologies and online tools have been accompanied by the mobile apps which are becoming more a...

Practice of cluster development, being guided by basic provisions of theories, has certain national peculiarities and differs over the certain countries with the width of territorial coverage, extent of regulation, and forms of state participation as well. In Russia’s economy problems both of origin, and effective functioning of clusters remain actual. We assume that a binding condition of effective cluster development in the Russian Federation is the system monitoring of clusters activity that allows participants...

The aim of the present article is to assess the management efficiency of five Estonian ministries before and after moving to a common building using Data Envelopment Analysis (DEA). The DEA method compares the output-to-input ratios of several decision-making units and determines whether one unit is more efficient or less efficient than other units. Additionally, Parsons’s AGIL paradigm about the continuity of social systems was used in our study. The AGIL paradigm states that for continuity or sustainability, the...

The Global Real Estate Transparency Index covers one hundred markets and is based on 186 variables. These indicators are divided into six parts – performance measurement, regulatory and legal frameworks, and governance of listed vehicles, market fundamentals, environmental sustainability and transaction process. The Index is one of the tools that helps to assess and compare markets across the Globe and give an idea of how investable the market is based on its transparency. Because transparency is critical to the o...

Travel agencies and their activities have great potential for developing tourism in Slovakia. Their role is to offer, sell and organize individual tourism services. Travel agencies offer services that meet the needs of customers of all generations. Generation Y gradually gaining in importance in terms of the number of visitors who use the services in tourism. Instead of saving money or establishing family life, the generation Y prefers to travel to different destinations and explore the world. The aim of this pape...

The era of digitization and, in particular, Industry 4.0 is forcing companies effectively manage the entire value stream and at the same time to increase production flexibility as a result of customer requirements. This requires eliminating all waste not only in manufacturing, but also in administrative processes leading to lean processes. A number of methods have been developed in the historical development. They systematically eliminate the various categories of waste in the production process. Their unique comb...

Building innovation is a controversial subject, because this industry has unique features and peculiarities that cannot always be framed by the classical innovation management theory. To improve competitiveness and meet the needs of society and customers, the construction industry needs to innovate successfully by improving strategies to increase the performance of the construction organization and respond to the needs of stakeholders. Successful innovation requires effective cooperation among different stakeholde...

The paper tries to analyze the issue of human capital development on the performance of the organization at national and regional level, to identify and analyze, through the proposed conceptual model, the factors of the human resource development that lead to increasing the organization competitiveness by ensuring the connection between the specialized human capital and the organization performance, which will generate a competitive advantage over the selected organizations. The overall objective of the research f...

We identified factors that influence the ability and desire of people to engage in physical culture. We studied their impact on the classes of various physical activity forms. We used the data of The Russia Longitudinal Monitoring Survey-Higher School of Economics (RLMS-HSE), 25th wave (2016). The sample size is 1893. There are several Russian and foreign papers about determinants of physical activity. We used it to highlight the necessary factors. We used the multinomial regression for modeling. It helped us to f...

In this paper we address issues relating to marketing and the pharmaceutical industry. Specifically, we look into the main marketing concepts, identify the importance of marketing in promoting sales of pharmacy companies and demonstrate the strands used to promote sales and satisfy the needs of consumers in terms of improving their health. In addition, we highlight the development of the pharmaceutical sector in Kosovo, the competition between pharmaceutical producers and distributors, the strategies that firms us...

The paper gives the overview on the research of project managers in the spectre of the project management standards in the small, medium and big enterprises in the Slovak Republic. Authors of the paper state the importance of the Corporate Social Responsibility from project manager?s point of view in the researched companies as a part of building environmental and social responsibility. Study included in the paper consists of quantitative and qualitative research of 272 selected small, medium and big enterprises i...

Non-governmental organizations (NGOs) are a dynamic and changing system that has to be able to quickly adapt to changes in society and the political or business environment. Nowadays, an important factor of competitiveness for Latvian farmers being in the European Union (EU) and working in the global market is available information and the ability to use it quickly and correctly. Besides, designing a future rural development policy has to take into account the presence of other EU Member States and the need to agr...

Incorporating silk to clothing creates value. However, with increasing worldwide environmental concern, the environmental implications of silk production practices should not be disregarded. A relevant part of environmental assessment studies focuses on the final product (i.e.: silk clothes), however, upstream and downstream processes also contribute to total impacts. Therefore, the objective of this study is to present an introductory analysis for conducting a Life Cycle Assessment (LCA) of the silk cocoon produc...

The role of logistics in today's global business is steadily increasing, which is why the coordination and control of logistics activities has become a necessity. The logistics industry provides a significant contribution to the economy through job creation, the creation of national income and the inflow of foreign investment. However, most of the previous empirical research is based on the assessment of the effects of logistics and 3PL operators on business operations and on the effects on the economy, ignoring t...

The challenges Europe is facing today rely on the entrepreneurship development which stands for economic growth and new job creation. As the Entrepreneurship 2020 action plan promotes, the new businesses are crucial for economic development of Europe, being the powerful drivers for better productivity, new skills acquisition, and opening new market sectors. In this view, the paper attempts to investigate the current issues encountered by Romanian enterprises in their entrepreneurial path and the related effects on...

The modern organizations are competing on globalized markets characterized by high speed, fast changes induced by digitalization and digital technologies, which create significant pressures on increasing organizations? productivity through innovation, performance improvements and better competitiveness. The paper tackled the challenges of improvements with particular regard to overall organizational efficiency that require a unified approach to coherently respond to changing customer requirements as well as custom...

The entrepreneurship is regarded as one of the most important sources of competitive advantage for all countries. The development of entrepreneurship has important benefits, both economically and socially. The relevance of entrepreneurship for national economy is expressed by Michael Porter “invention and entrepreneurship are at the heart of national advantage” [1]. This research paper aims to present the challenges of entrepreneurship in Romania in the context of smart specialization process as basis for the next...

The paper tries to research female career paths to the top in Latvian public and private companies for the period of 2017-2018. The study methodology is based on qualitative research from top Latvian companies and particularly revealing of factors, which affect directly and indirectly women career trajectory in selected Latvian companies. In the paper are applied contemporary theories on gender diversity and other women studies streams. The study suggest that Latvia is the country with highest number of females in...

Implåmåntation of thå intårnal control syståm within thå organization with thå support of thå intårnal audit is carriåd out as a long lasting procåss of high råsponsibility and it can bå accomplishåd through thå full involvåmånt of thå pårsons within thå organization but it remains thå råsponsibility of thåmanagår. Basåd on thå information providåd by thå audit and thå managårial intårnal control, thå managåmånt of thå organization has thå opportunity to strångthån its managårial dåcisions rågarding thå activity p...

Assessing archaeological and cultural potential is a key milestone to shaping a complex study that can impact sustainable tourism within a particular geographic area. The study aims to identify monuments capable of meeting the requirements of cultural and tourist activity through: accessibility, originality, seniority, maintenance or level of rehabilitation and promotion. The analyzed geographic area is the historical and geographical province of Romania, Dobrogea. It is a province with a great historical backgrou...

A new approach, which ensures the obtainment of an objective conclusion about the state of the enterprise at the current time, is proposed. The peculiarity of the approach is the presence of an algorithm, which ensures not only the transformation of numerous performance standards into the specific measures of efficiency, but also the implementation of the transition from a variety of traditional models to a unique method. Thus, the conditions for the adoption of the management system that is capable of organizing ...

The financial market is the type of market, where the creation and trading of financial assets, such as stocks, debentures, bonds, derivatives, currency, etc., takes place. It plays a crucial role in the allocation of resources in a country's economy; and also acts as an intermediary between depositors and investors through the financial interactions between them. The financial market provides a platform for buyers and sellers to trade assets at a price determined by supply and demand. The targets of this research...

The paper deals with the peculiarities of using the storytelling technology in the FMCG products branding as one of the techniques for value-oriented emotioning, i.e. purposeful formation of consumer’s emotional response [1]. The study of this aspect in branding is especially relevant today because in a highly competitive environment and with a lot of messages with similar rational arguments, it is difficult to achieve an impassioned and emotional response to the branded goods and to form a differentiated offer. T...

Shrinking is a series of causes that have different effects on the rural areas. These effects are often direct and indirect, immediate or may express in a long-term dimension. The causes of shrinking are diverse: e.g. economic recession, increasing urbanization, changes in environmental conditions, etc. The most commonly shrinkage characteristic is a permanent decline in population. Latvia like several other European countries is losing population. As a monocentric country Latvia has some additional challenge - de...

Oenotourism is the form of tourism practiced especially by connoisseurs, people with a high level of education and a high degree of culture, connoisseurs of the phenomenon and wine enthusiasts. Visits to the wine cellar are complemented by wine tasting in tandem with culinary tasting in a specific ambience. The past of wine and grapes on the territory of Romania is confronted with the history of this country, the wine can be considered a symbol of the Romanians' stability and continuity in these lands. In order to...

Taking into account the fact that the economic growth of the country it is based on the following three elements are important, as follows: the accumulation of capital, which includes investments in fixed assets and human resources; the increase in population and therefore labour force; the progress of technological; it follows that research and innovation have an important role to play in this way. Therefore, the investment in the technology, the costs of the research and development workforce in the field of res...

In this paper, we calculate the consumer surplus of the quadratic demand function p=a?bx1?cx12 and the producer surplus of the quadratic supply function p=d?ex1?gx12 where x is a crisp quantity and a, b, c, d, e, g are polygonal fuzzy numbers. Polygonal fuzzy number is generalization of triangular fuzzy number. This type of fuzzy number was introduced by Baez et al. [A.D. Baez-Sanchez, A.C. Moretti, M.A. Rojas-Medar, On polygonal fuzzy sets and numbers, Fuzzy Sets and Systems, 209 (2012) 54-65.]. For a fixed parti...

In this paper we aim to analyze the degree of concentration of some of the key sectors in Romania, taking into account not only the picture at national level, but also the structure of those markets compared to the Member States of the European Union. Based on the available information, certain data analysis is made taking into account both the market shares of the enterprises in the sector and the number of active competitors, turnover or output, while the economic approach might not be homogeneous from one secto...

In the context of the globalization and integration processes development, and changes in the geopolitical position and foreign policy course, which are overlapping on them, the border regions of Russia, Mongolia and China have acquired new opportunities for socio-economic development. Therefore, the study of the barrier and contact functions of the state border impact on the cross-border cooperation and the socio-economic situation of border regions will be a special relevance. The international tourism developme...

The employment of people with disabilities is a key element of social inclusion and economic independence. Due to the decline in the working-age population in Latvia and taking into account the forecasted labour shortage in the coming years, people with disabilities should be recognized as a valuable resource in the job market. Professional programmes of rehabilitation plays an important role in the inclusion of people with disabilities in the labour market according to their needs and in line with the demands of ...

Open innovation is a new paradigm for the development of agribusiness in Romania and the Danube macro-region. Studies on agro-food chains and clusters are still scarce. In the Romanian agro-food sector, 7 regional and cross-regional clusters are very active. This study aims to present the state of the art on open innovation in agribusiness in Romania, identifying how it is adopted, the role of clusters and the factors that influence this process, a collaborative platform for agro-food clusters and their members an...

The introduction of 5G technologies is urgent for any EU Member State, including Latvia that has begun making preparations for introducing such technologies. In Latvia, mobile communication operators have begun installing 5G base stations, and several hundreds of them have been put into service. The clients of LMT and Tele2 could start using the fifth generation network or 5 G as early as next year. A survey of mobile communication users revealed that 99% of the respondents believed that transition from 4 G to 5 G...

Accurate data and information about competition, about market trends and about consumers’ needs and habits are essentials for any business company based on profit and efficiency objectives. Forecasting is a decision-making tool used to assess the economic trends and to allow business owners to benefit or to counteract them, in essence, to prepare business owners and management to act instead of react to conditions. This paper aim to reveal the importance of forecasting in decision-making process - with emphasis on...

Bran castle is a medieval fortress situated in south-eastern Transylvania and the most visited tourist attraction in Romania. Its popularity among international visitors is mainly due to its association with the famous Count Dracula, based on the assumption that this particular castle might be the one that Bram Stoker presents in his novel. The castle has its own history, starting from the 14th century and continuing with its transformation into a summer residence for the royal family of Romania, in the 20th centu...

In the paper with the modern quality management methods using is argued the rationality of rehabilitation equipment production for the patients with the hand and fingers movement disorders basing on the 3D - printing technology. First of all, we start from the descriptions of special needs in rehabilitation for some distributed diseases and shortly characterize the proposed case study (assistive device). Next, we choose the best 3D - printing method for our case study compared with the others, and after that we ma...

“The focus on efficient corporate governance has expanded exponentially over the last two decades, corporate governance reform now becoming a key global issue. Not only do factors such as the increasing globalisation of financial markets, the growth in multinational corporations and regional economic developments motivate the need for good corporate governance, but the recent spate of large corporate collapses clearly signals the urgency for significant improvements not only in corporate accountability, but also i...

In the present-day context, economic growth based on the cluster-oriented approach is considered to be one the most rewarding and effective mechanisms to improve the competitive strength of the regions in the country, as well as stimulate the innovative activity within the advanced social and economic development areas. The industrial cluster sustainable development model would be impossible to be implemented without setting up a definite management mechanism and system. As such, this article outlines the framewor...

Fish is not only a significant part of aquatic ecosystem, but also a delicious and valuable product, in addition, a rich source of protein, and an important source of subsistence for fisheries men. In Latvia, there are long standing fishing, fish breeding and culinary traditions, simultaneously playing a significant role in the social and economic development of Latvia and establishment of its cultural and historical heritage. Nowadays competitiveness of companies is determined by their ability to understand consu...

The paper deals with the issue of outsourcing of talented employee recruitment process, in particular the personnel leasing. Outsourcing of employee recruitment process means recruitment through an external company. Given that the use of personnel leasing is becoming popular, the research was carried out to find out what is the situation like in Slovak companies. The aim of the research was to find statistically significant differences in the perception of working conditions by talented employees, who are internal...

The present paper aims to highlight the existing links within the clusters for development at regional, national and international level, defining the human resource. In this research we set off from a series of assumptions that organizational expectations are related to the involvement of human capital and the factors leading to economic development. In order to achieve this objective, surveys have been carried out within the clusters in the North-West region of Romania with more than 350 members and complex orga...

The third decade of this century will see transformations resulting from several technological, climatic, and social changes. The labour market will be entered by people born at the turn of the millennium. Being known as Generation Z, they are rather specific in many respects. With opportunities to study abroad, their language skills are at a very good level and they have no problems employing the new advanced technologies. The life values and priorities of this generation will help form the future in each country...

This article deals with the investigation of the relationship between firm size and firm growth for the firms from the subsector of pig breeding (0146 according to NACE classification), which are located in the Czech Republic. The paper aims to examine the validity of Gibrat’s law (Law of proportionate effect) which is devoted to size-growth link, in this subsector. Gibrat’s law states that growth of a firm is a random effect independent of firm size. We investigate the link during the years 2010 to 2016. The anal...

In a circular economy we have to rethink, redesign, reduce, reuse, recycle, and recover the waste through a circular economy which is generating a valuable chain between raw material producer and consumer. Economic circular models could be shaped into short cycles, long cycles, cascades, pure cycles, dematerialized cycles and production on demands. Using these models and adapt them for agriculture we save a lot of resources, being able to decouple substantially production by resource extraction. An agri-food syste...

Image is a key factor in attracting first-time visitors, and the environment of a destination plays an essential role in their decision to re-visit it. The aim of the study is to ascertain the moderating effect that cognitive and affective components have on the overall image and relationship with destination loyalty. Twenty-four distinct constructs are identified, five of which are about the cognitive aspect, eleven are about the affective aspect, five are about the overall image of Bulgaria as a spa and wellness...

Romania of the year 2019 crosses the largest exodus in its history and we are not talking about the village-city mobility but directly about international migration. At the same time, in the popular culture, Romanians are not known to be big entrepreneurs. They innovate, are spontaneous, have many ideas, but entrepreneurship is not a trait that characterizes us as people. Also, the working population migrates massively, which does not encourage the development of rural areas. This paper aims to analyze and radiogr...

The paper aim is an attempt to analyses the status quo of the stated-owned company Serbian railways infrastructure in terms of strategic development and particularly goal-setting advancement. Paper’s method is based on contemporary streams in management of stated-own enterprises and specifically alternative models of organizing relatively rigid organizations. The study examines and it shows that there is much work to be done to bring the system of objectives into a position that enable and ensure a sufficiently hi...