No abstract available.
Abstract This study explores the mechanism of influence of total quality management (TQM) practices on a company’s financial performance (FP), considering innovation performance (IP) as a mediator variable. In addition, the proposed model seeks to determine whether the competition intensity (CI) moderates the relationship between TQM practices and FP. Based on the sample of 593 companies from various sectors in Bosnia and Herzegovina, structural equation modeling is used to analyze the relationships between the variables in the model. The results of this paper reveal the implicit and often omitted impact of IP on FP taking into account TQM practices, suggesting that the impact of TQM practices is manifested through full mediation of IP. The moderating effect of CI in the relationship between TQM practices and FP was not supported. The results indicate the role and the importance of IP in the mechanism of influence of TQM practices.
The restructuring of state-owned and public enterprises has attracted the attention of numerous researchers in the transition and post-transition period. The goal of restructuring as a business philosophy is to change and establish a new business philosophy, a new way of thinking. The correct interpretation of this term goes beyond its narrow and misleading translation, which equates to restructuring with a measure of change in structure. This paper examines the situation with the state-owned enterprises in Bosnia and Herzegovina. Although Bosnia and Herzegovina is characterized by the presence of two completely separate systems of corporate governance (corporate governance is regulated at an entity level without any common grounds at the level of Bosnia and Herzegovina), the symptoms of the situation are identical in both entities: state enterprises are commercially inefficient in both entities, and the reasons for their inefficiency are identical. The paper attempts to identify the symptoms and causes of such a state with a set of recommendations for the restructuring of state-owned enterprises, with clear definitions that, considering the trend of expansion of state-owned enterprises in highly developed countries, state-owned enterprises are needed here. It turns out that the privatized companies do not take into account the state interest. Following the logic of the OECD Guideline No. 2 (Ownership of State), first, it is considered how the state should manage the state-owned companies, and then by following the logic of the OECD Guideline no. 6 (Responsibilities of Committee) the complete corporation of state-owned enterprises is advocated in the way that state-owned enterprises have all the prerogatives of corruption, and are sufficiently distanced from political parties in power. Such an approach will significantly contribute to the improvement of corporate governance rating in Bosnia and Herzegovina that shows the atrophy of the system.
The restructuring of state-owned and public enterprises has attracted the attention of numerous researchers in the transition and post-transition period. The goal of restructuring as a business philosophy is to change and establish a new business philosophy, a new way of thinking. The correct interpretation of this term goes beyond its narrow and misleading translation, which equates to restructuring with a measure of change in structure. This paper examines the situation with the state-owned enterprises in Bosnia and Herzegovina. Although Bosnia and Herzegovina is characterized by the presence of two completely separate systems of corporate governance (corporate governance is regulated at an entity level without any common grounds at the level of Bosnia and Herzegovina), the symptoms of the situation are identical in both entities: state enterprises are commercially inefficient in both entities, and the reasons for their inefficiency are identical. The paper attempts to identify the symptoms and causes of such a state with a set of recommendations for the restructuring of stateowned enterprises, with clear definitions that, considering the trend of expansion of state-owned enterprises in highly developed countries, state-owned enterprises are needed here. It turns out that the privatized companies do not take into account the state interest. Following the logic of the OECD Guideline No. 2 (Ownership of State), first, it is considered how the state should manage the state-owned companies, and then by following the logic of the OECD Guideline no. 6 (Responsibilities of Committee) the complete corporation of state-owned enterprises is advocated in the way that state-owned enterprises have all the prerogatives of corruption, and are sufficiently distanced from political parties in power. Such an approach will significantly contribute to the improvement of corporate governance rating in Bosnia and Herzegovina that shows the atrophy of the system.
The purpose of this paper is to provide a new theoretical insight regarding top managers' personal values in developing countries based on the Schwartz Values Theory (Schwartz, 1992, 1996, 2006; Schwartz and Bilsky, 1990) and to explore the influence of top managers' personal values on sustainability performances of successful businesses. The research describes personal values differences between top managers and their commitment to pro-social and pro-environmental responsibility who were approached through the validated and reliable questionnaire on identifying top managers' personal values (PVQ40) and questionnaire on sustainability indicators observed through the „triple bottom line“ concept which includes three measuring elements: financial, social and environmental performances (Fauzi, Svensson and Rahman, 2010). Given that top managers are very often the owners in SMEs, their values are largely reflected in the organizational values, which means that in small pro-environmentaly oriented firms, the personal values of owners-managers seem to play a much stronger part in motivating pro-environmental behaviors than in other SMEs (Lawrence at al., 2006). With regard to business sustainability, it is still insufficiently known, developed and understood in Southeast Europe and in developing countries. Therefore, this research may be used to encourage companies and local governments to include a sustainability issues in their business activities as a pre-condition for business success and competitiveness. The managers in SMEs can use this research as a guideline on introduction of contemporary principles of sustainability into their companies and to improve and direct their personal values towards sustainability.
Received: 18. 4. 2015 In-memoriamAccepted: 20. 4. 2015 UDC 005-052 BubleThis collection of papers provides a wide diversity of personal and professional reflections upon the life and work of the late Professor Marin Buble. The authors discuss the contribution of Professor Marin Buble to the development of the science and practices of management, organizational design, entrepreneurship and international management, as well as different aspects of his academic career, including his work committed to development of Faculty of Economics Split and his work as a supervisor with many young scientists.Professor emeritus MARIN BUBLE, PhD. (1938-2014)At the end of November 2014, we were saddened by the loss of Professor Marin Buble, Ph. D. who leftan enduring mark in the development of science and practice in the field of organization and management, and is rightly considered one of the most important scientists in this field in Croatia and in the wider region. Throughout the scientific community, he had been recognized as the main advocate and pioneer of introducing organization and management courses to the departments of higher education institutions in the Republic of Croatia. During his personal and professional life at the Faculty of Economics in Split, he had immensely affected the development and reputation of the Faculty. Likewise, over the years, he had actively participated on a number of scientific and professional projects and had taken part in the work and development of higher education institutions in the country, as well as abroad.Professor Buble was also known as a prolific author, who authored 30 books and hundreds of scientific and professional papers.For his work, Marin Buble was given the Award of the City of Split, as well as the award for a lifetime achievement by the Faculty of Economics in Split. He was also given recognition for successful work in leading and editing the international scientific journal Management - Journal of Contemporary Issues, and he was awarded the high Medal of the Order of the Croatian Danica by the President of the Republic of Croatia.* This collection of papers has been presented at the Meeting to comemorate the life and work of professor emeritus Marin Buble, held in Dubrovnik, 17 April 2015, within the scope of the 3rd International OFEL Conference on Governance, Management and Entrepreneurship. The meeting has been co-organized by University of Split - Faculty of Economics Split, University of Dubrovnik - Department of Economics and Business, University of Zagreb - Faculty of Economics and Business (Department of organization and management), University of Zagreb - Faculty of Organization and Informatics, University of Rijeka - Faculty of Tourism and Hospitality Management, Juraj Dobrila University of Pula - Faculty of Economics and Tourism "dr. Mijo Mirkovic", Josip Juraj Strossmayer University of Osijek - Faculty of Economics (Croatia), as well as by University of Mostar - Faculty of Economics, University of Sarajevo - School of Economics and Business, University of Tuzla - Faculty of Economics (Bosnia and Herzegovina). It has been previously published on a CD-ROM, containing the Proceedings of the Meeting to comemorate the life and work of professor emeritus Marin Buble (in Croatian).Guest editors:Zeljko Garaca**Darko Tipuric***Zelimir Dulcic** Professor Zeljko Garaca, University of Split, Faculty of Economics, Dean, E-mail: zeljko.garaca@efst.hr*** Professor Darko Tipuric, University of Zagreb, Faculty of Economics and Business, Department of Organization and Management, Head of Department, E-mail: darko.tipuric@efzg.hr**** Professor Zelimir Dulcic, University of Split, Faculty of Economics, Department of Management, Head of Department, E-mail: zelimir.dulcic@efst.hrGuest editorsZeljko Garaca, Darko Tipuric, Zelimir DulcicMEMORIES OF A NEARLY 40-YEAR-LONG FRIENDSHIP WITH MARINI met professor Buble in my fourth year of studies at the Faculty of Economics in Split, back in 1976. …
Abstract Management innovation – the introduction of management processes, structures and practices that are new to companies, is crucial to business success. Based on the existing literature on management innovation and a rigorous theoretical approach to model design and development, a theoretical model of management innovation that is applicable to immature and underdeveloped markets was designed. Using this model, the study shows that the context in which companies operate, as well as companies’ management background (proficiency), are directly and positively related to management innovation. The main implication of the research is that the existing management innovation theory is applicable to market conditions in the Federation of Bosnia and Herzegovina with only slight adaptation. Furthermore, this research provides important insights about the factors that affect the companies’ readiness to introduce innovative management structures, processes and practices.
Purpose - Paper purposes and applies scenario planning methods to identify strategic planning issues and aspects of ERP technology for competitive advantage thereby giving researchers new future research agenda for smart-factory in vague of European vision of manufacturing excellence; in view of global economic recession. Design/methodology/approach - Scenario planning techniques coupled with ERP road-mapping is integrated for grand strategic planning of future ERP framework. Findings - Scenario techniques were applied for holistic analysis of aircraft industry enhanced ERP road mapping. Originality/value - A novel approach was inscribed for scenario planning. Literature and research methods were integrated for strategic continuous & discontinuous perspectives of scenario planning for disruptive innovation in future factories of aircraft industry.
Ova stranica koristi kolačiće da bi vam pružila najbolje iskustvo
Saznaj više