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Journal no. 2 from 2023 - issue date: 12/2023

Telemedicine Cybersecurity Protection in Reproductive Healthcare

Jorja WRIGHT, Darrell Norman BURRELL

Telemedicine and telehealth have emerged as transformative forces in modern healthcare, reshaping the landscape of reproductive health for both women and men. These technologies have ushered in a new era of healthcare delivery, offering innovative solutions that enhance access, convenience, and quality of care in reproductive health. This article explores the profound impact of telehealth and telemedicine on reproductive healthcare and underscores the critical importance of cybersecurity in safeguarding the integrity of these services.

Healthcare cybersecurity, telehealth cybersecurity, mobile health, telemedicine, health administration, healthcare management.

The Challenges of Small, Medium and Micro Enterprises in Engineering: South Africa

Xolani Gladman MTAMBO, Sam LUBBE, Kenneth N. OHEI

The small, medium and micro enterprise sector is an economic engine for many countries. Realizing the potential of small, medium, and micro enterprises, the government of the Republic of South Africa has put a burden on itself to create 90% of jobs through small, medium, and micro enterprises through the implementation of the 2030 National Development Plan. Despite these initiatives, the failure rate of these enterprises in South Africa is still high and continues to increase. This research aims to investigate the challenges of small, medium and micro enterprises that operate in the formal economy, with the focus narrowed down to small, medium and micro enterprises that provide engineering services to engineering-intensive firms in the public and private sectors in South Africa. The target is a sample of member companies of Consulting Engineers South Africa, as well as random engineering service firms that render similar services. In general, engineering services’ small, medium and micro enterprises mainly depend on owners' limited capital, which limits growth initiatives. Moreover, the absence of adequate resources, business facilities and specialised equipment puts small, medium and micro enterprises at a competitive disadvantage and, therefore, causes stagnation. Government's initiatives are not well publicised and, therefore, small, medium and micro enterprises are not well informed to capitalise on such initiatives.

Engineering; failure; Small, medium and micro enterprises; stagnation; strategy; SWOT analysis.

Investment Decision-Making Behavior in The Era of Covid-19 Pandemic: an Analysis Based on Mental Accounting, Loss Aversion Bias, and Risk Tolerance

Rari Dwi Rinining Tyastuty DITA, Toni HERYANA, Teguh Iman BASUKI

The era of Covid-19 is a condition that illustrates the uncertainty of national and world economic conditions, which encourages individuals to be able to manage their economy and finances. Therefore, this research aims to explain whether mental accounting, loss aversion bias, as well as risk tolerance can affect investment decision-making in the Covid-19 situation from the point of view of behavioral finance theory. The results of research using SEM PLS analysis show that Mental Accounting, Loss Aversion Bias, as well as Risk Tolerance, have an effect on investment decision-making. Based on behavioral finance theory, the results of the study illustrate that in the Covid 19 pandemic situation, individuals will generally respond to information received as a basis for making decisions by paying attention to the level of risk and optimizing the rate of return from the investment made.

Mental Accounting, Loss Aversion Bias, Risk Tolerance

Green transition and the business sector in the European Union and Romania

Marioara IORDAN, Mihaela-Nona CHILIAN, Gabriela CIURARIU

Increasingly obvious over the last two decades, human society and the economies of all the countries in the world faced and continue to face increasingly accelerated, amplified, diverse and divergent economic, social, political and technological trends and developments, among which three so-called megatrends stand out for intensity and persistence: digitization and automation of production, greening of economies and global economic power shifts. Considering such issues, the paper focuses on a brief analysis of how the green transition affects the business sector (enterprises) in the EU countries, with a focus on Romania - an EU member state that registers a relatively low level of penetration of the circular economy. Indicators of the green economy and eco-innovation and referring to the economic dimension of the circular economy, were used for the analysis. The results show that the EU27 economies generally are leaders in most of the aspects concerning the greening of economies and their business sectors, but Romania reveal certain relative delays of the local business sector in moving towards production and business development methods characteristic of the ecological economy.

green economy, business sector, eco-innovation, circular economy, EU27 countries

A Differential Effect of Research Teaching Innovation on Dissertation Completion Rate and Pass Mark at TGSL

Collins C. NGWAKWE, Janine LEWIS

This research examines the differential effect of research-writing teaching innovation on proposal and dissertation completion rates at the Turfloop Graduate School of Leadership (TGSL). The method combined a review with a longitudinal quantitative secondary data design. The data on proposal and dissertation completion rates were compared using a t-test statistics. Findings show that at an alpha level of 0.05, a significant difference (at P<0.05) exists in the proposal and dissertation completion rates between the pre-innovation teaching period and within the innovation teaching period – with improved completion rate occurring during the teaching innovation period. Results also depict a mean difference in research methodology pass marks (albeit insignificance). Based on the findings, the paper contributes by developing an agency-based inclusive framework for teaching dissertation research writing. This framework provides an agenda for further research on teacher and student agency, and hence inclusive teaching of academic writing.

Teaching innovation; teaching agency; academic writing; teaching research writing; dissertation writing; inclusive teaching; teaching and learning

Corporate sustainability through the presence of women in boards: empirical evidence from developing economy

Dilrukshi FERNANDO, Hiranya DISSANAYAKE, Thilini DESHIKA, Anuradha IDDAGODA

The purpose of this study is to address the emerging concept of women on boards as a solution to breaking gender barriers in boardrooms and its influence on sustainability reporting in Sri Lankan companies. The study aims to explore the relationship between the representation of women on boards and sustainability reporting, while also investigating the potential role of gender diversity in promoting sustainability in social, economic, and environmental spheres. The research adopts a comparative approach to examine the degree of women on boards and the level of sustainability reporting in Sri Lanka. The study utilizes the resource dependency theory, contingency theory, and agency theory as theoretical frameworks to analyze the association between women directors on boards and sustainability performance. Archival data from the highest market capitalization companies during the period of 2016 to 2019 is collected from audited annual financial statements. The study reveals a significant positive relationship between the presence of women on boards and sustainability reporting in Sri Lanka. It addresses the empirical and contextual gaps in this area, providing valuable insights into the positive impact of gender diversity on corporate sustainability practices in the Sri Lankan context. The research emphasizes the pragmatic solution of including women's voices in the boardroom to foster gender diversity and create an interest in sustainability, which is an emerging trend in the country. Overall, this study adds valuable knowledge to the fields of corporate governance, gender diversity, and sustainability reporting.

Women in Boards, Corporate Sustainability Reporting, Critical Mass Concept

The Role of Digital Finance, Financial Literacy, and Lifestyle on Financial Behaviour

Mirza Hedismarlina YUNELINE, Maria Firnandya Christian ROSANTI

The development of technology and information provides convenience and many choices in making financial decisions. Many new and diverse financial products require people to have a better understanding of the process of using them. This is supported by financial literacy and an understanding of managing finances to avoid bad financial decisions. Technology adoption also leads to a rigorous lifestyle that makes them use digital services as a quick and useful tool for their activities. This study aims to examine the role of digital finance, financial literacy, and lifestyle on student’s financial behavior. This study used descriptive and verification method with a quantitative approach. The primary data was collected through questionnaires from student respondents in Bandung, West Java, Indonesia. The results of this study indicate that partially the use of digital finance has a insignificant effect on financial behaviour, but financial literacy and lifestyle has a positive significant effect on financial behaviour. Simultaneously digital finance, financial literacy, and lifestyle have a significant effect on students' financial behavior. The study showed that the use of digital finance is only for transaction benefit not for behavioral change. It is expected to create awareness of their investment products and develop their application into more secure products in changing financial behavior.

Digital Finance; Financial Literacy; Lifestyle; Financial Behavior

Using ICT Tools and Technological Applications in this Era of the Covid-19 Pandemic to Facilitate Learning

Kenneth N. OHEI

The globe is shaken by the abrupt emergence of the deadly Coronavirus Disease 2019 (COVID-19) pandemic. The global education system has been put to the test by this circumstance, which compelled educators to quickly adopt Information & Communication Technology (ICT) tools and technologies to support instruction. Although, great attempts are made by scholars to study the implications of Coronavirus Disease 2019 on the higher education curricular, there is dearth of previous studies regarding the impact of Information & Communication Technology tools and technological applications to foster learning amid Coronavirus Disease 2019 outbreak. This exploratory study therefore uses a meta-synthesis approach and visited relevant literatures as lens to primarily examine the need to use Information & Communication Technology tools and technology applications to enhance learning in the Coronavirus Disease 2019 age. The research also shed some insight on the difficulties involved with employing Information & Communication Technology tools and technical applications to aid learning in times of pandemic and catastrophes, and it offers potential answers to educational institutions on how to handle these complications. The study's findings suggest that Information & Communication Technology tools and technologies are the magic bullet for optimizing learning in times of disaster like the Coronavirus Disease 2019 pandemic. The study also shows that by overcoming some technical and financial obstacles like high cost of technology devices, electricity problems, lack of expertise, etc., the lessons learnt from the abrupt and compulsory adoption of Information & Communication Technology tools and technologies to lessen the negative effects of the disaster on learning amid Coronavirus Disease 2019 global emergency will help create new opportunities for the use of blended learning approaches to meet the needs of the Coronavirus Disease 2019 disruption and future learning deliveries.

Engineering; failure; Small, medium and micro enterprises; stagnation; strategy; SWOT analysis.

Multiple Streams Approach and Punctuated Equilibrium Theory: Compared and Contrasted

Dominick SPANO

Kingdon's Multiple Streams Approach (MSA) and Jones and Baumgartner's Punctuated Equilibrium Theory (PET) are public policy frameworks that have existed for many years. Given their long-term popularity, it is important for readers to have a strong working knowledge on how said frameworks function, and be able to compare and contrast them. It has also been put forth that PET only serves as an updated version of MSA, but this paper argues that said assertion is inaccurate, as PET is a useful framework in its own right. By inspecting this paper, readers will learn about MSA, PET, how they are similar and different, how they can be operationalized or used in real life circumstances, how they have been tested, and it is ultimately concluded that PET is not just a reworking of MSA.

Public Policy, Multiple Streams Approach, Punctuate Equilibrium Theory, Institutional Arrangements, Operationalized

Journal no. 1 from 2023 - issue date: 06/2023

How supply chain management practices influence customer development and operational performance

Hafidz Ummay MUHAMMAD, Dessy ISFIANADEWI

This study was undertaken to measure the supply chain management practices affected customer development and operational performance at small and medium-sized businesses (SME) that distributed liquefied petroleum gas (LPG). The dataset contains 103 SMEs in East Kotawaringin, Indonesia. Quantitative techniques were employed in this research, and Employing questionnaire to collect data. To analyze the data for this investigation, partial least square structural equation modeling (PLS-SEM) was used. The outcomes of all variables' data analysis have a significant effect on all other variables in this model. The study's findings show that supply chain management practices have a significant impact on customer development and operational performance, while customer development has a positive and significant impact on operational performance. Furthermore, Customer development can act as a mediator in the interaction between operational performance and supply chain management. The study's conclusions have some relevance for LPG retailers

Customer Development (CD), Operational Performance (OP), Supply Chain Management Practices (SCMP)

Institutional and chaos theory: Compared and Contrasted

Dominick SPANO

Institutional and Chaos Theory are frameworks in organizational behavior that have existed for many years. Given their long-term popularity in said field, it is important to have a strong working knowledge of each theory and be able to compare and contrast them. Both theories are wholly applicable to current world happenings, such as the COVID-19 pandemic and the Black Lives Matter movement. By inspecting this paper, readers will learn about Institutional and Chaos Theory, be able to identify how they relate to timely world occurrences, discover their implications in regard to public policy and public administrations, and reflect upon how they can be useful in respect to other organizational and global matters.

Institutional Theory, Chaos Theory, Organizational Behavior, COVID-19, Black Lives Matter, Public Policy

Development of sustainability balanced scorecard: A case study from apparel industry Sri Lanka

Rathani MOHANARAJ, Hiranya DISSANAYAKE, Anuradha IDDAGODA, Oshani MENDIS

This study aims to determine the obstacles the Sri Lankan apparel manufacturing industry faces when implementing sustainable practices and develop a Sustainability Balanced Scorecard to address those obstacles. The apparel export industry is one of Sri Lanka's most significant contributors to the country's overall economy. The multiple case study method was employed in conjunction with a qualitative approach in this study. This study also used data triangulation, which comprised both primary and secondary data from interviews and observations. Secondary information was gathered from annual reports and other documents. The population of this study is the apparel export industry and selected three apparel companies as the sample and interviewed nine managers from these companies. The interviewed data were transcribed into the transcript and analyzed through narrative analysis. By considering all the practices in three companies, this research constructed a sustainability balanced scorecard which can be used for other companies to build up their sustainability practices. The main issues identified in this research can be summarized as follows, Manual system of data entering and performance evaluation, there is no sufficient Hazardous Waste Management and disposal facilities in the country, Financial constraints prevent best-in-class equipment and procedures from being implemented. Sri Lanka has no solid waste recycling facilities for its primary waste type, fabric waste. As a final point, this research can be concluded that the regulators and policymakers can use the constructed sustainability balanced scorecard for the policy development on sustainability practices.

Apparel Industry, Economic Performance, Environment Performance, Social Performance, Sustainability Balanced Scorecard

The sustainability of Historically Black Colleges and Universities (HBCUs) in the post-COVID-19 world and beyond

Eugene J. LEWIS, Darrell Norman BURRELL

Higher education has long been the cornerstone of success in the United States. Historically Black Colleges and Universities (HBCUs) have provided educational opportunities to African American students since the late 1800s. HBCUs have produced some of the most influential and successful graduates in all fields of study. HBCUs have produced some of the most influential and successful graduates in all fields of study. Writers like Toni Morrison, current U.S. Vice President Kamala Harris, civil rights leaders like Martin Luther King Jr., and entertainment icons like Oprah Winfrey are just a few of the most famous and influential graduates of HBCUs. These graduates have successfully succeeded in their respective fields and indelibly impacted society. HBCUs have also been instrumental in helping to close the achievement gap between African American and white students and have provided a safe and supportive environment for African American students to pursue their educational goals. This paper explores the organizational strategy and marketplace sustainability of HBCUs in the post-COVID-19 competitive higher education marketplace.

HBCUs, Historically Black Colleges and Universities, COVID-19, Higher Education Administration, University Leadership, College Leadership

Tawadhu attitudes and service performance: moderate role of self-concept

Muafi MUAFI

This study aims to investigate and evaluate the impact of: (1) Islamic training and development towards service performance, (2) tawadhu attitudes towards service performance, (3) the moderating role of self-efficacy in the effect of Islamic training and development towards service performance, and (4) the role of self-efficacy in moderating the effect of tawadhu attitude on service performance. The population in this study were all Muslim employees at cooperative and sharia savings and loan institutions in the DIY Province, Indonesia. The approach for choosing sample in this research is purposive sampling, with a number of respondents being 160 respondents. The results of the study found that: (1) Islamic training and development had a significant effect on service performance, (2) the attitude of tawadhu had a significant effect on service performance, (3) self-efficacy had not been able to strengthen the influence of Islamic training and development on service performance, and (4) self-efficacy has not been able to strengthen the influence of tawadhu attitude on service performance.

Islamic training and development, tawadhu attitude, self-efficacy, service performance

The role of green process reengineering in improving the performance of Total productive maintenance

Raad Abidmuslim HRAIGA, Ahmed Maher Muhammad ALI, Ali Abdulhassan ABBAS

In light of the contemporary developments in all the different sciences and technological changes, and the increase in the environmental impacts of production processes, it is required of the Iraqi economic units to use modern technologies applied in the world, to keep abreast of these developments and adhere to the legislation related to environmental protection on the one hand, and to increase the efficiency and effectiveness of labor activities and techniques, and this leads to consequently reduce production costs, and providing environmentally friendly production processes at the same time, and this requires the application of modern and advanced methods and methods, and accordingly, this research came to clarify the application of one of the modern techniques in cost management, which is the technique of re-engineering green processes and its role in improving the overall performance of the economic unit in particular, and the performance of in particular Total productive maintenance, Thus, the aim of the research is to highlight that green process reengineering technology has a role in improving the performance of Total productive maintenance. To develop the Iraqi industrial sector, the sulfuric acid plant in Al-Furat Company for Chemical Industries and Pesticides was adopted as a sample for research, as it is one of the Iraqi industrial economic units seeking development and facing great and growing competition. Total production maintenance, this hypothesis has been proven by applying green process reengineering to the production processes of the research sample factory. The research reached several conclusions, the most important of which is that the application of green process reengineering technology steps contributes to reducing costs by improving the performance of Total productive maintenance, and helps the research sample to protect the environment, and presented a set of recommendations that contribute to the development of the research sample and environmental protection.

green process re-engineering, performance improvement, Total productive maintenance

Human error - A critical contributing factor to the rise in data breaches: a case study of higher education

Katherine AMORESANO, Benjamin YANKSON

With increasing technical safeguards to protect information systems, Human error continues to be a critical factor contributing to the rise in information systems attacks and data breaches. Inadequate or unenforceable Cybersecurity policies or training can open doors for adversaries to circumvent technical safeguards and paint a picture of a growing cybersecurity problem. The problem investigated in this work assesses if organizations adequately invest in resources to provide industry-aligned cybersecurity education, training, and awareness that can minimize human error leading to cyber-attacks. This work aims to investigate breaches attributed to human errors and compare cybersecurity policies, education, training, and awareness programs in three different schools in New York State. The work focused on user awareness and vulnerable behaviours, effective training for users, and investigating start-of-the-art approaches to gauge or evaluate the organization's cybersecurity stance when compared to industry frameworks like the NIST framework. A Triangulation research approach including quantitative, qualitative, and descriptive methods are adopted for this work. Instruments for data collection include a survey, literature review, qualitative analysis to identify research gaps, and assessments of the questionnaires. This work demonstrates that formulated enforced cybersecurity policies coupled with targeted security education, training, and awareness are instrumental to decreasing user errors, thereby reducing the probability of a cyber-attack.

Human Error; Security; Policies; Training; Attacks

Asset management in the waste treatment environment

Nomathemba N NDOLOMINGU, Kenneth N. OHEI, San LUBBE

The main aim of the research study was to determine what drives the asset management inadequacy in the waste-water treatment utilities, as to ascertain the main drivers of the equipment failures are, and whether the maintenance strategies respond or are adequate to deal with the failure rate of equipment in the waste-water treatment utilities. The environmental impact driven from the non-compliant final effluent discharged into the water resources in the country resulted from the equipment failures in the plant. The maintenance strategies, asset policy, asset management plan, including the rehabilitation programme and all statutory regulation compliance are evaluated and analysed to ensure they are responding or aligned to the growing challenges faced by the waste-water treatment environment. Using the quantitative approach, the three groups; the asset management team, quality and process team and operations team of participants were to be selected. A convenient approved sampling method, the survey questionnaire was electronically shared to respond to the Covid-19 restriction and the structure telephonic interview so ascertain the level of understanding of the current asset management strategies, policies and procedures, the equipment failures impact to the utilities compliance and the further corporate risk and environmental impact from inadequately manages waste-water treatment utilities. The findings confirms that there is indeed lack of the synergies in the waste treatment environment emanating from a few aspects i.e., lack of due diligent in the application of maintenance strategies in the waste treatment works, lack of in-depth understanding of the impact from equipment failures in the waste treatment process, and the misalignment of the rehabilitation program, leading to gross environmental impact and corporate risk. It was further recommended the collaborations in the maintenance strategies development and review process. The rehabilitation programme should be aligned to the requirements of the process

Asset management, waste-water treatment utility, water works, wastewater works, environmental impact, corporate risk, Rehabilitation programme, non-compliance

Understanding the challenge of cybersecurity in Africa: A holistic analysis of Southern African Development Community (SADC) and foundation for future research

Andreas VASSILAKOS, Ronald MARTIN

The continuous shift towards a world relying on computing leads to an increase of the potential risk factors that users face while roaming the digital world. The constant technological innovation we are witnessing creates the necessity of developing reliable systems, strategies, and frameworks against nefarious users threatening the security of information and data. Emerging countries begin to face issues related to cyber warfare and security. This study provides insight into the technological risk factors that could potentially delay further development in the technological growth of developing nations, focusing on selected countries in the African continent. The threats against confidentiality, integrity, and availability do not have an impact exclusively on information systems but, to a larger scale, on a region’s efforts for innovation. This paper intends to provide the readers a holistic review of the status of cyber security in the context of developing countries, specifically in the African continent and the Southern African Development Community.

Information Security, Cyber Security, Cybercrime, Africa, Developing Countries

How well is the coffee business supply chain performing in West Java?

Maya IRJAYANTI, Anton Mulyono AZIS

Coffee grown in Indonesia has been proven for its quality made Indonesian coffee consumption continues to increase from year to year in many countries. However, the coffee business has not reached its maximum potential due to numerous barriers and supply chain management is one of them. This research aimed to identify the potential cause for blocked chains as one of the business threats that will significantly impact the entire business process in the long term also identifies the success factors related to the coffee supply chain to improve the performance of the business processes. This research utilized an inductive study with quantitative and qualitative approaches using primary and secondary data collection strategies. The research result indicated the low weight for dimensions in “Deliver” and “Return” performance with indicators including “Shipping”, “Good relation with customers”, “Mutual relation with suppliers”, “Return procedure”, “Processing time”, “Ease of process”, and “Complaints that quickly resolved”. Therefore, to the result, the factors that are considered as a direct risk to the blocked chains are “Shipping”, “Processing time”, and “Ease of process”. While the score for supply chain performance in West Java Coffee is 71% for KPIs in Reliability and Responsiveness. This research also provides a coffee supply chain model that will positively contribute to knowledge especially for identifying potentially blocked chains in the coffee business.

supply_chain_operation_reference; KPI

What a genuine value-based leadership commitment to hiring African-American faculty in business, technology, and public health requires at the highest ranked and most prestigious U.S. universities.

Darrell Norman BURRELL, Kevin RICHARDSON

There is a significant shortage of minority faculty at U.S. colleges and universities (Davis & Fry, 2019). The U.K. is even worse than the U.S., where just 160 out of 22,855 professors in 2020/21 are Black, essentially less than 1% (White, 2022). Black, Hispanic, Native American, and multi-racial faculty members are underrepresented in the faculty ranks, compared to not only their share of the U.S. population (Gasman, 2022; Davis & Fry, 2019). The U.K. is even worse than the U.S., where just 160 out of 22,855 professors in 2020/21 are Black, essentially less than 1% (White, 2022). Minority students with educators of the same race or ethnicity are more likely to see those teachers as role models and report more significant effort in school and higher college goals (Davis & Fry, 2019). Academic performance gaps of minority students can close by as high as 50% if faculty more closely resemble students (Davis & Fry, 2019). Research shows a significant strong positive relationship exists between graduation, transfer, and drop-out rates for minority students when there are increases in faculty diversity (Cross & Carman, 2022). This paper explores the value-based leadership best practices to recruit more African-American faculty in 2022 and beyond.

African-American Faculty, faculty diversity, academic search committees, highly ranked U.S. universities, and faculty recruiting.

Journal no. 2 from 2022 - issue date: 12/2022

Microsoft excel expert certification MO-201: results, analysis and key tips to succeed

Shahid I. ALI, Brian D. FITZPATRICK

Microsoft Excel skills are imperative in today’s competitive market and the skill is highly demanded by businesses. The MOS Excel Expert Certification (MO-201) validates the competency that one should build to meet employers’ expectations. The paper addresses the statistical mean rank difference in four skill groups of the certification test. Results of the four groups of the test were compared, using the Kruskal-Wallis’s test. The null hypothesis of the equality of the means for different groups was rejected at the 5% level of significance. Because the null hypothesis was rejected, the Conover post hoc test was applied for multiple pairwise comparisons, to discern which of the sample pair combinations were significantly different. The paper examines some of the concepts of groups 2 and 3 questions where students struggled the most and rendered insights to overcome those hurdles.

MOS Excel Expert Test; Non-parametric tests, Advanced Excel functions

The mediation and moderation role of knowledge assets in relationship between intellectual capital dimensions and company performances

Nur Khusniyah INDRAWATI, Atim DJAZULI, Ubud SALIM

Intellectual capital and knowledge assets are intangible assets with an important role to create advantage in competition. This study examines the main dimensions of intellectual capital as an independent variable in order to provide more detail information about the influence of dimensions of intellectual capital on performance of financial, either directly or indirectly through knowledge assets. Knowledge assets also become moderation and mediation variable for the effect of intellectual capital and performance of financial. This study population is manufacturing industry companies in Indonesia Stock Exchange (IDX). The samples selection uses saturated or census sampling. Data is collected by documentation techniques from www.idx.go.id. The data analysis tool is regression. The results show that except for the influence of human capital on knowledge assets either directly or through knowledge assets, all hypotheses for the effect of intellectual capital dimension on company performance either directly or through knowledge assets is accepted. The results also show that knowledge assets only strengthen the relationship between capital employed and company's performance of financial, but cannot strengthen the relationship between human capital and structural capital and company's performance of financial. This study also found that intellectual capital has a significant positive effect both directly on financial performance or through knowledge assets. Knowledge assets also strengthens the influence of IC on performance.

human capital, structural capital, capital employed, profitability, knowledge asset

Human capital in the digital society. Some empirical evidence for the EU countries

Marioara IORDAN, Elena PELINESCU, Mihaela-Nona CHILIAN

Development and innovation in the digital technologies impact the whole society, communications, finances, trade, education and health services, business patterns and the entire value-added channel. The increase in the speed of digitization and its expansion within businesses leads to significant changes, both regarding the human capital and the way work and place of work are organized, with high impacts on skills, labor standards, human welfare and sustainable development of countries. Digitization involves changes not only in the human capital, but in the organizational one as well, so that for each euro invested in physical capital (hardware) some additional 10 euros have to be invested in intangible activities, especially in the human and organizational capital (Brynjolfsson and McAfee, 2014). The paper aims to analyse the impacts of digitization on human capital in the EU economies, also considering the impact of the COVID-19 pandemic that has speeded up the digitization process in the EU countries. Both the useful aspects and the challenges determined by the new requirements regarding the skills necessary to human capital are emphasized, as well as the efforts included in the EU programs dedicated to such issues, considering that 42% of the European citizens do not possess basic digital skills and 37% of labor force does not possess adequate digital skills. Finally, some econometric aspects regarding the relationship between welfare and population’s digital skills are revealed, as well as conclusions on further research and directions for action.

innovation, digital technologies, human capital, the COVID-19 pandemic, digital skills

Measuring service quality delivered to undergraduate students at a public university in South Africa

Blessing ENAKRIRE, Sam LUBBE, Kenneth Nwanua OHEI

The conceptualised and critically examined the thinking behind the quality of services rendered to undergraduate students at a state-owned institution in South Africa. The population was 106 and 106 questionnaires were administered and 87 were returned. The approach used for this study was a quantitative and a survey research method using a questionnaire to elicit information from the third-year undergraduate students of the Business Management Department at the University was followed. Findings from the study revealed that modern facilities were used to deliver quality services of teaching, research, and supervision of students. Many respondents attested to study guide materials at the Department of Business Management. Some of the students have issues with languages such as isiZulu, isiXhosa, and isiNdebele. Several recommendations were made which include: the need to have efficient, effective, and quality services delivered on a regular basis. The need to have more recent and diverse materials that could meet the broad needs of the students. The study made credence on effective and efficient services rendered by lecturers at different intervals in teaching, learning and supervisory roles. Improved consultation hours of lecturers and tutors could assist students’ inadequacy in study and materials required.

Measuring service quality, undergraduate students, business management, Public University

The impact of financial inclusion on national development and national financial system stability

Kusuma RATNAWATI, Sri Palupi PRABANDARI, Irma KURNIASARI

This study seeks to understand the relationship between financial inclusion, national development, and the stability of the national financial system in Indonesia. The data collected in this study is a secondary data that includes the data of the number of commercial bank accounts, number of commercial banking service offices, number of general credits, average income, population welfare, goods and services production, and number of credits of 34 provinces throughout Indonesia, from 2015 until 2019. A dynamic statistic panel Model of the Generalized approach of Moments (GMM) is used for data analysis. The results of this research showed that financial inclusion has a significant negative influence on national development, but it can increase the national financial stability system. This is possible due to the diversity of demography, economic condition, and geographical condition in each province of Indonesia.

Financial Inclusion, National Development, Financial Stability, Financial System

New public management and ethics

Dominick SPANO

New Public Management (NPM) is a business-oriented approach to public administration that has existed for many years. While there are mixed opinions on NPM's level of effectiveness, I believe that the more pressing question is if it is ethical. This paper seeks to answer said question by utilizing Terry Cooper's insights on ethics. By discussing various matters and providing multiple illustrations, such as NPM's relationship to privatization, contrasting out, elites, and everyday citizens, this work concludes that NPM is not an ethical methodology to public administration.

New Public Management (NPM), Ethics, Privatization, Contracting Out, Elites

Government’s COVID-19 social grant in South Africa: a synopsis of the effect on recipients

Sipho MOKOENA, Collins NGWAKWE

This paper presents a synopsis of recipients’ benefits from the South African COVID-19 social relief fund. The objective of the paper is to evaluate the key benefit of the COVID-19 special grant and if the Grant had a positive impact in the lives of recipients and their family members. The paper applied a mix of succinct review and thematic analysis. Secondary data collection was from the archive of survey questionnaires conducted by the Department of Social Development. Findings from the thematic graphical analysis of the recipients’ responses show that more than 93% of the COVID grant recipients used the fund for food. Furthermore, over 88% avowed that the grant had a positive impact in their lives and over 79% of the grant recipients indicated that the fund had a positive impact in the lives of their family members. The findings offer practical and policy implication for government’s social security agency. The recipients’ acceptance of positive benefit regarding food and overall effect on wellbeing is an indication that extension of the COVID-19 social relief fund or conversion thereof to unemployment security assistance might have the propensity to provide relief from poverty and hunger to recipients and improve social wellbeing. The paper highlights the imperative for further research to expand this analysis by using other countries for a comparative analysis.

Government grants; social security; covid-19 relief; distress relief, social security governance, hunger, and poverty

The mediating role of a learning organization on the relationship between total quality management and operational performance

Wiraditya Gusti PRATAMA, Dessy ISFIANADEWI

This research was carried out to have a deeper comprehension of the role that learning organizations play in mediating the relationship that exists between Total Quality Management and operational performance. This research was carried out at leather SMEs in the Garut Regency. In this study, quantitative research methods are used, and a questionnaire is used to collect the data. The individuals responsible for Leather SMEs in Garut Regency make up the population that was used for this study, and there were a total of 106 responses. The data from this study are analyzed using descriptive analysis and SEM analysis. The analysis is done with the help of the SmartPLS program. The findings of this study show that Total Quality Management has a significant and positive effect on learning organizations. The learning organization then has a significant and positive impact on the operational performance of the business. And learning organization has a significant and positive influence on the mediation of the relationship between Total Quality Management and operational performance.

Total Quality Management, Learning Organization, Operational Performance

Impact of COVID-19 on SMMEs and the future sustainability measures: a systematic review

Prince Chukwuneme ENWEREJI

Small Medium and Micro Enterprises (SMMEs) have made remarkable contributions to enhancing the economic growth of South Africa. The emergence of COVID-19 hindered the growth of SMMEs due to the lockdown imposed by the government on the 23rd of March, 2020. This study investigated the impact of COVID-19 on SMMEs and the future sustainability measures. To achieve the objectives of this study, a systematic review was adopted and 150 articles were downloaded and perused from various databases for the study. Findings obtained from the study revealed that several authors from different continents have made wide contributions to revive SMMEs amidst the COVID-19 disruption. The recommendations made to SMMEs include amplifying their communication networks and adopting e-commerce options, as well as Social Network Sites to reach out to their customers. Other recommendations include the adoption of transactional leadership, strategic management, employee management, financial management, and effective collaboration. The study further recommended that the government should endeavour to provide funding opportunities to SMMEs, improve the provision of infrastructure and enhance the effectiveness of the business environment. The study concludes that the SMMEs that were affected by the interruption of COVID-19 would be revived if the recommendations of this study are applied.

SMMEs in South Africa; COVID-19 disruption; Challenges of Covid-19; Sustainability measures; Job opportunities

The impact of healthcare advertising on consumers regarding the choice of private hospitals in Dubai

Oana Ștefania COȘA, Florin RADU, Diana PEHOIU, Alina Iuliana TĂBÎRCĂ, Valentin RADU

This study sets out to review and contribute to the writings on healthcare advertising. In order to do so, the research’s main purpose is to depict aspects such as, how individuals in Dubai perceive healthcare advertising and advertising done by private hospitals. This will help marketers understand how these perceptions will further impact consumers’ choices of hospitals, as their main healthcare facilities in Dubai. Moreover, the study is sought to address several points such as healthcare delivery systems in Dubai and respective characteristics, economic expansion, and nonetheless brief examination of advertising implications in this industry. Also, a few concepts on marketing and communications, as well as some advertising theories are portrayed. Besides this, a more detailed literature review explores the beginnings of healthcare and hospital advertising and tracks consumers’ input toward hospital advertising throughout time. The study’s literature review also depicts the ethics and moral principles that surround healthcare advertising. In this way, the study approaches some points that with time have improved healthcare providers’ image and nevertheless changed their marketing practices and services into more sophisticated ones.

healthcare advertising; healthcare industry; private healthcare system; satisfaction; consumer choice

Journal no. 1 from 2022 - issue date: 06/2022

The Effect of Emotional Intelligence in Islamic Perspective on Affective Commitment: the Moderation role of “DIUVONGKE” in Islamic Perspective

MUAFI MUAFI

This study aims to examine and analyze the influence of emotional intelligence in Islamic persepctive on affective commitment moderated by “diuwongke” in Islamic perspective. This study uses quantitative approach with the sample of public banks employees in Central Java who has Islam religion. The sampling technique is using purposive sampling with certain criteria, and the data is collected through questionnaire distribution. The statistical technique is carried out using regression moderation. The results of this study prove that: (1) Emotional intelligence in Islamic perspective has a positive and significant influence on affective commitment; and (2) “Diuwongke” in Islamic perspective can strengthen the relationship between emotional intelligence in Islamic perspective on affective commitment

Emotional Intelligence in Islamic Perspective (EIP), “Diuwongke” in Islamic Perspective (DIP), Affective Commitment (AC)

Measuring the impact of the green supply chain on sustainable performance

Justyna ŻYWIOŁEK, Joanna ROSAK-SZYROCKA,Ali Abdulhassan ABBAS

The main purpose of green supply chain is to ensure that the customer’s requirements and needs are met without compromising the sustainability aspect of environment and prevent the latter from getting polluted. The purpose of current study is to measure the impact of green supply chain upon sustainability so as to reduce the environmental pollution. The author(s) used questionnaire to collect the data for current study whereas field coexistence and interviews were also conducted with stakeholders. The research questions were posed at 185 workers to find a solution for the research problem. The study results arrived at a few conclusions. The results infer that some of the dimensions of green supply chain exert an influence on sustainable performance. The study found the most important treatments to overcome the weaknesses through smoothly-applicable recommendations.

Green supply chain, Sustainable performance

Stress, burnout and security fatigue in cybersecurity: A human factors problem

Calvin NOBLES

Stress, burnout, and security fatigue continue as slight destroyers of strong cybersecurity and significant human factors concerns. The persistence of these human performance issues is concerning given the lack of mitigation and integration of human factors practitioners to mitigate these adverse risk circumstances. Security fatigue is not a new phenomenon but the evolving nature of cybersecurity results in various sub-categories of security fatigue; thus, making it a difficult problem to solve. Stress and burnout are major causes of short tenures in senior roles for security executives. Business decision-makers lack the expertise to explore the negative influences of stress, burnout, and security fatigue on cybersecurity. Technology-led cycles are organizations’ primary course of action to mitigate cybersecurity threats, resulting in complexity debt and making businesses more vulnerable to attacks. Human factors professionals can identify high-friction areas that degrade human performance and implement initiatives to reduce the risk. Human performance degradation in cybersecurity is a critical risk factor and requires immediate attention, given that cybercriminals continue to exploit human weaknesses to gain access to sensitive and critical infrastructure.

Complexity Debt, Cybersecurity, Behavior, Burnout, Fatigue, Human Factors, Human Performance, Security Fatigue, and Stress

The analysis of the use of social media in managing the Covid-19 pandemic information flow

Joshua Ebere CHUKWUERE

There is a relationship between social media platforms and emerging infectious diseases (EIDs) such as the COVID-19 pandemic. Social media platforms are used to manage information flow in every EID. Individuals use the platforms to source information, while health workers, organisations, and other stakeholders use the platforms to provide and manage information flow. This study employed a narrative literature review (NLR) to understand the role of social media platforms in managing the COVID-19 pandemic information flow. The paper deployed three research questions as seen in the research methodology. The paper found a clear relationship between social media and EIDs and the COVID-19 pandemic. The article further provides the ways to use platforms to manage information during the COVID-19 pandemic.

COVID-19 pandemic, Social media, Emerging infectious diseases (EIDs), Information flow, Healthcare

How the pandemic affects the social security system especially the unemployment and the immigration data

Maria-Tatiana RADU

In the light of the current pandemic, the labour market has suffered many changes: from the typical 9 to 5 job done from the office, to the accommodation to a work from home type of job. Even if we speak about the employer or the employee, the situation brought many difficulties regarding how the social security system can help each one. In this paper the main focus will be on the impact of the pandemic regarding the labour market with a strong accent on the unemployment benefits and the statistics regarding the immigrants. We tend to see an increase of the number of unemployed people and a tendency for the immigrants to move back to their home countries. This is a natural response of the labour market regarding the pandemic. The paper aims to investigate the unemployment rate-unemployment benefits-immigration flows in the EU countries in 2020 when the pandemic erupted compared to the previous periods. Therefore, we aim to emphasize the main changes that took place because of the pandemic crisis.

Pandemic, labour market, unemployment, social security system, statistics, data

Smart city readiness in South Africa municipalities: A qualitative study

Prince Chukwuneme ENWEREJI, Dominique UWIZEYIMANA

This study investigated the meaning of a smart city concept, the limitations of municipal role players to adopt the smart city, and the recommendations to facilitate the adoption of a smart city concept in the municipalities of the North West province. A qualitative research approach was adopted to collect data from the participants, which facilitated adequate interactions with the participants through open-ended interviews. Twenty participants were selected purposively to participate in this study through an online platform. Data were analysed using Atlas-ti software (version 8.2), themes and categories were generated and discussed. Findings from the study depict that a smart city concept entails a city that enables communication using advanced technology, big data, the Internet of Things (IoT), and the Industrial Internet of Things (IIoT). Findings further revealed that the limitation of achieving a smart city in South African municipalities includes a lack of financial resources, inadequate infrastructure, delays in the decision-making process, lack of strategic leadership, corruption of role players, inability to implement research outcomes, and lack of investors. The study recommended, inter alia, that the municipal leadership should encourage techno-centric governance, a source for external funding, engage knowledgeable strategic leaders, facilitate public education, and SMME ICT inclusive strategy.

Smart city; Information Communication Technology; Innovation; Governance; Municipalities

Human capital and economic growth in Romania: A vector error correction model (VECM)

Dalina-Maria ANDREI

This paper aims to evaluate the human capital on economic growth impact in Romania. Variables have been selected according to an endogenous growth model basing on including the human capital in the Cobb-Douglas production function (Lucas, 1988). As all over usual, here gross domestic product (GDP) will be the endogenous of gross fixed capital formation (GFCF, as physical capital stock), employment (as labour), life expectancy and secondary enrolment rate(as proxies for human capital). We also use expenditure in research and development (R&D) sector (as its percentage in GDP), as control variable. Once our model developed, variables are found as integrated of order one (1) and co-integrated, here allowing a vector error correction model (VECM) for estimation. This will be a system of six equations covering a 25 years (1995-2019) interval for Romania. A long-term relation comes out of our empirical findings, as similarly to Wang (2016), so the GDP growth sees itself determined by: secondary school enrolment, life expectancy(i.e. for human capital), R&D expenditure and labour. Short run causalities have not been found significant for this model

human capital; economic growth; Cobb-Douglas production function; vector error correction model (VECM)

The relationship between workload and career development on job satisfaction; Case Study PT XYZ

Neneng HAYATI, Alif Maulana YUSUF, Rediawan MIHARJA

This research begins with the phenomenon of workload problems and unclear tasks that cause employees to feel the workload given by employees to get promotions in accordance with career development plans that have not been implemented properly. So that the resulting job satisfaction is not in accordance with the wishes of employees. The need of this investigation was to find out the relationship between work load (WL) and career development (CD) on job satisfaction (JS) for PT XYZ. This article use quantitative methodologies. A total of 88 samples were used, with 88 participants participating in the saturation sample study. A questionnaire was chosen as a test data capture approach in this inquiry for validity and reliability testing of the research instrument. PLS-SEM is used to analyze data using structural model analysis. According to the findings of this research, workload (X1) does not appear to have a direct impact on job satisfaction (Y). Workload (X1) influences career growth (X2), and career development (X2) influences job satisfaction (Y). The factor of workload (X1) through career development (X2) has a large enough impact on job satisfaction (Y) PT XYZ.

Workload; Career Development; Job Satisfaction; PLS-SEM

Top management background and corporate green energy investment

Collins NGWAKWE

This paper evaluates the association between top management academic background and the extent of corporate green energy investment. The approach is quantitative and data collection was from the sustainability reports of twenty companies from the FTSE/JSE Responsible Investing Index. Using a cross-sectional data, findings from a linear regression analysis show a significant association (at a p value of less than 0.001) between top managements’ academic background and percentage of green energy investment within the sample of companies. Therefore, within the limits of this study, the findings provide a clue to show that managers’ academic background may have an influence on the level of corporate green energy investment. This paper opens an agenda for a follow-up research to expand the length and breadth of this research area to find out the most likely group of top managements’ academic discipline that may favour more green energy investment. It contributes to the literature on corporate green energy investment by initiating the idea of relating green energy investment with top managements’ background.

Management background; Green energy; green investment; Green Corporate

Analysis of principal tendencies of labour market in the Republic of Moldova

Galina SAVELIEVA, Svetlana ZAHAROV

This article presents the analysis of the principal tendencies in development of labour market in the Republic of Moldova in the period 2014-2020, including the period of the COVID-19 pandemic crisis. Negative natural growth and increased external migration over the last two decades have led to the population’ decline by about 25%, which had the negative impact on labour market contributing to the quantitative and qualitative decline in labour supply. The irreversible ageing process has led to a change in the structure of economically active and employed population by age and sex, as labour market has aged. The increase in the share of elderly population, who have a lower level of participation in labour market, has also influenced the rates of economic activity, which have decreased from 60% to 40%, while having a slight recovery in recent years. In addition to the problems mentioned above, there are also qualitative problems, including the informal employed population, whose share, after a period of decline in recent years, has begun to rise again (mainly in agriculture and construction), which indicates a slow pace of structural change in the national economy. A negative impact on labour market has caused by the economic shock caused by the Covid-19 virus due to the reduction in economic activity and, as a result, the decrease or stopping of employment. The consequences of the shock include rising unemployment and declining employment, as well as a medium-term increase in the economically inactive population, which will aggravate the problem of labour shortages after the period of economic recovery. The labour market tendencies outlined above require a wide range of interventions to address the risks and challenges of given market at the actual moment. In this context, some proposals have developed to improve the situation on labour market in the Republic of Moldova. The article was elaborated within the framework the project of the State Program (2020-2023) 20.80009.0807.21 Migration, Demographic Changes and Policies of Stabilization the Situation.

demographic factors, the Covid-19 pandemic, labour market, the economically active and employed population, unemployment, tendencies

Journal no. 3 from 2021 - issue date: 12/2021

ECONOMIC VOTING IN THE PHILIPPINES

Amelia L. BELLO

The article wanted to find out if elections in the Philippines are economically motivated. Using 2019 gubernatorial election results, a logit model with inflation rate, unemployment rate, provincial revenue, and poverty incidence for the economic variables and party affiliation with the President and membership in a political family as the political variables was tested to explain the probability of an incumbent governor to be re-elected. The marginal effects tell us that a change in the unemployment rate decreases the predicted probability of a governor being reelected but interestingly, a change in the poverty incidence rates has the opposite effect.

economic voting; incumbent-oriented hypothesis; retrospective

AN EVALUATION OF SELECTED SUPPLY CHAIN MANAGEMENT ELEMENTS IN DEPARTMENT OF COMMUNITY SAFETY AND TRANSPORT MANAGEMENT IN MAHIKENG

Lawrence Moetapele MOJAKI, Joshua Ebere CHUKWUERE

The study aimed to determine the shortcomings and identify factors that can improve the effective implementation of demand management and supply chain performance management in the department of community safety and transport management. The study, followed positivism paradigm in which quantitative research method was used to collect and analyse data. A survey questionnaire was used to collect data from the participants. This questionnaire was paper based and online (Google Forms). The sample was composed of the managers drawn from the department of community safety and transport management. The findings of the study revealed that when implemented effectively, demand management and SCPM will improve the entire SCM system. Also, the study revealed that there are drawbacks to these two. These relates to non-collaborative planning, non-adherence to legislations, misunderstanding of these concepts. The study finally revealed that there are factors that can improve the implementation of demand management and SCPM, which include: the monitoring of suppliers through contract management activities and others.

demand management, procurement, supply chain management, supply chain, performance management.

REMOTE WORKING CHALLENGES FOR GEORGIAN SOCIAL ENTERPRISES IN THE CONTEXT OF THE CURRENT PANDEMIC

Iza GIGAURI, Kakhaber DJAKELI

The lockdown regulations aiming at avoiding the spread of the new coronavirus COVID-19 have caused disruptions in organizations of all types or sizes. In order to survive and remain competitive, enterprises have moved online. In line with the dramatic changes around the globe triggered by the regulations as a part of preventive measures, social enterprises switched to working from home. As a result, entrepreneurs have to learn new digital skills to capture the potential of digitalization as it is considered to have an ability to accelerate economic recovery after the pandemic. Yet digitalization influences organizational processes and operations and requires changes in strategies. In light of these transformations, researching social enterprises from different angles is of particular importance when economies are facing the threat of recession, as social entrepreneurship addresses market failure and can tackle social problems. Social entrepreneurs can find innovative solutions to modern challenges and help society and economies to transform. Therefore, this paper aims to investigate the feasibility of remote working and digitalization in social enterprises. The paper outlines remote working concerns in social enterprises in the Republic of Georgia and analyses flextime opportunities for enterprise employees. The empirical study is based on a qualitative research approach. In-depth interviews were conducted with the seventeen Georgian social entrepreneurs to explore the research questions. The paper contributes to understanding remote working in social enterprises and offers suggestions for future study directions in this under-researched area.

social enterprise, entrepreneurship, remote work, flextime, Georgia, digitalization

PROMINENT FACTORS OF ENTREPRENEURIAL SELF-EFFICACY IN WEST JAVA: COMPARISON BETWEEN MEN AND WOMEN ENTREPRENEUR

Wiendy Puspita SARI, Puteri Andika SARI, Dito RINALDO

Entrepreneurial Self-Efficacy (ESE) is important for entrepreneurs to build and maintain their business. The research purposes are to delve more about the components of ESE in West Java and the difference of these components between men and women entrepreneurs. West Java is one of province in Indonesia (Developing Country) that has high growth of High School and Medium Enterprises (SME’s). This study used quantitative approached. A questionnaire was spread to 52 entrepreneurs in West Java for gathering data. Soft Modelling method named Partial Least Square was used in this study. Predictors of ESE are Entrepreneurial Knowledge, Entrepreneurial Experiences, Instrumental Readiness, Risk Propensity. Findings will be discussed deeply in discussion section of this study. The result of this study confirm the prominent factors that influence ESE positively and how each factor affect men and women entrepreneurs

entrepreneurial self-efficacy, entrepreneurial experiences, entrepreneurial knowledge, instrumental readiness, risk propensity

PROFITABILITY ANALYSIS OF SMALL AND MEDIUM SCALE SALT ENTERPRISES, MISAMIS ORIENTAL, PHILIPPINES

Julieta A. DELOS REYES, Abigail T. LAT, Tyrone Jasper I. REODICA, Christine Joy B. MANALO

The study analyzed the profitability of small and medium scale salt enterprises in Alubijid and El Salvador City, Misamis Oriental, Philippines. It determined salt production practices; assessed the profitability of salt production; and identified the problems encountered in salt production. Forty-two salt producers in the area were personally interviewed using a pre-tested interview schedule. Descriptive and cost and returns analysis, rate of return on investment (ROI), and ANOVA were employed. Results revealed that the production practices of the salt producers are dictated by the flooring materials of salt beds and the type and volume of salt produced were highly dependent on the flooring materials and on weather. It was concluded that salt production is a profitable enterprise and the salt beds with transparent polyethylene plastic as flooring material were the most profitable, despite having the most labor-intensive production process. Recommendations include usage of transparent polyethylene plastic as flooring material and teaching appropriate technology for seawater filtration to address the problem on degraded quality of seawater with the local government unit (LGU) taking the lead. Also, a soft loan program be put up for buying flooring materials so that more members of the lakeshore community can engage in the salt making.

Salt production; Profitability analysis; Salt beds flooring

TA’ AWUN BEHAVIOR, WORK STRESS, WORKLIFE BALANCE IN ISLAMIC PERSPECTIVE AND EMPLOYEE PERFORMANCE: INVESTIGATION IN INDONESIA

Muafi MUAFI

Ta' awun behavior is very rarely being studied in business research especially when associated with employee performance. This study examines and analyzes the partial effect of: (1) ta’ awun behavior on employee performance, work stress, and work-life balance in Islamic perspective (WLBIP), (2) work stress and WLBIP on employee performance and (3) the mediating role of work stress and WLBIP in the relationship between ta’ awun behavior on employee performance. Data is collected through distributing questionnaires to employees of financial services companies in the Special Region of Yogyakarta with purposive manner. The statistical technique uses Partial Least Square. The results prove that ta' awun behavior is partially able to make a positive contribution to the employees performance and WLBIP. Ta’ awun behavior also reduces work stress. Employee work stress reduces employee performance and WLBIP improves employee performance. Work stress is able to mediate ta’ awun behavior on employee performance, but WLBIP is not able to mediate it. This study implies that the research model can be applied to employees of business companies, which so far have focused on social and community institutions.

ta’ awun behavior, work stress, WLBIP, employee performance

FACTORS AFFECTING LEVEL OF COMPANY’S ABILITY TO CREATE VALUE RELATIVE TO CAPITAL INVESTED AND PROBABILITY OF FINANCIAL DISTRESS

Khaira Amalia FACHRUDIN

The level of firms’s ability to create value relative to invested capital (LACVIC) is proxied by Price to Book Value Ratio. Price to Book Ratio is also a proxy of firm value. The purpose of this study was to examine the effect of growth, profitability, size and assets tangibility on the level of firm's ability to create value with probability of financial distress as an intervening variable. This study was conducted on public companies in Indonesia during the periods of 2013 – 2017. The panel data were analyzed by using Partial Least Square. Results indicate that assets tangibility has positive and significant effect on financial distress probability. Financial distress probability has no significant effect on LACVIC. Profitability, firm size, and assets tangibility have significant effects LACVIC directly, but they have no significant effect on it trough financial distress probability. It is indicating that financial distress probability does not act as an intervening variable. The implication is that companies should not have much assets tangibility because it can increase financial distress probability and decrease LACVIC

company’s health level; financial distress probability; the level of firms’s ability to create value relative to invested capital; tangibility

Journal no. 2 from 2021 - issue date: 08/2021

THE FACTORS INFLUENCING VALUE CREATION OF HALAL LOGISTICS CONCEPTUAL FRAMEWORK DEVELOPMENT

Thapanee RUANGSRIROJ, Adisak SUVITTAWAT

Halal logistics has an important role in global Muslim consumer’s way of life. Muslim countries follow Shariah law strictly. Thus, Halal logistics activities must segregate facilities for halal and non-halal products. In addition, the world Muslim population has risen steadily. It influences production and export volumes from Thailand to the global trade of halal products increasing. Logistics service providers (LSPs) have been seeking an opportunity for creating a business competitive advantage into new situations. They can create and deliver better benefits to customers than their competitors and simultaneously earn higher profits than the average of other LSPs. A variety and flexibility of logistics activities come together to make services more desirable to the target market. Although many studies have been carried out on the influence of value creation, a part of halal logistics research in Thailand is rare. For the reasons mentioned, the objective of this paper to describe the influencing value creation in halal logistics activities from a literature review to be a conceptual framework development. Establishing the issues concerning value creation of halal logistics causality are best explained by the following resource sharing, innovation solutions, and risk management.

halal logistics; resource sharing; innovation solution; risk management; value creation

QUALITY MANAGEMENT FOR LEADER INDUSTRY TO INCREASE COMPETITIVENESS IN THE GLOBAL MARKET

Maya IRJAYANTI, Anton Mulyono AZIS

The Indonesian government is targeting leather products, especially from West Java to become one of the export commodities that will encourage national economic growth. The existence of a leather industry particularly in the city of Garut has attracted many Indonesian researchers over the years to investigate the condition through many fields of research. However, the latest research identified several barriers related to the leather business development in Garut city, which was related to the optimization ratio of its performance and product quality. This study aimed to design a quality management model and key performance indicators to make this sector competitive in the global market. The research method used was inductive with a qualitative approach and a constructivist grounded theory in developing a quality management model. Theoretical and snowball sampling was chosen in identifying potential participants. The findings of this study contribute to the knowledge and practice of quality management models with key performance indicators that can be used to measure current conditions as a foundation for future improvement in the leather industry to produce competitive products that meet global standard. KPIs were formulated with certain criteria and should be applied by business actors.

Performance; Operation; KPI; Leather Industry

BUREAUCRACY AND LEADERSHIP MUST ALIGN WITH CIRCUMSTANCES

Dominick SPANO

The concepts of bureaucracy and leadership must align with the circumstances in the public or private sectors to be optimal in any given situation. This paper will grant readers with a deep dive into this concept. More specifically, this paper will compare bureaucracy, leadership, and groupthink by using author’s experiences in two private banking organizations and one public bureau. The purpose of this paper is to persuade readers that these frameworks can be auspicious, but only under the appropriate conditions.

Bureaucracy; Leadership; Private and Public Sector; Banking

ACTIVATING LARGE LECTURE FINANCIAL LEARNING COLLABORATION AND CLICKERS DURING COVID-19

Dan W. ROYER, Olga MCATEE

This paper examines our approach to teaching a large-lecture personal finance course promoting students’ financial literacy. We identify the context of this course, including the rationale for large-enrolment courses and issues with the format in general, describing how using clickers and active learning strategies results in increased engagement, attendance, and critical thinking. Learning outcomes designed to support student formation of both internal and external views of finance are holistic and expansive, broader than measures of wealth accumulation alone. Moreover, a strategic initiative focused on career readiness aligns specific competencies with course content focused on developing transferrable skills through practical, real-world examples designed to engage problem-solving and critical thinking. This pragmatic and practical focus linked these transferable skills to a framework of learning grounded in the twin concepts of financial capability and competency. Additionally, we address how Covid-19 disrupted these courses, detailing adjustments necessitated by the new reality of social distancing while adjusting our approach to student participation as we met simultaneously in face-to-face and synchronous Zoom sessions. We concluded that additional considerations must include equitable access to resources based on our pandemic experience. Future research should examine these adjustments in light of developing culturally responsive methods to promote equitable learning.

Financial Literacy; Large-Lecture; Clickers; Covid-19; Remote Teaching

THE INFLUENCE OF E-SERVICESCAPE ON MOBILE SHOPPING INTENTION: THE MEDIATING ROLE OF CUSTOMER SATISFACTION

Amy Chu May YEO, Xiu Lei MOH, Boon Tiong LOW

This paper aims to investigate, through aesthetic appeal, layout and functionality, interactivity and financial security, the impact of generation X perceptions of the e-servicescape in mobile shopping on perceived value and customer satisfaction following the sequence of the S–O–R framework. A survey involved 231 generation X respondents who shopped using mobile apps at least one mobile purchase in the past six months. The collected data were analysed using Structural Equation Modelling (SEM), Partial Least Square (PLS). The results revealed that aesthetic appeal, layout and functionality and interactivity could influence the perceived value and would lead to the mobile shopping intention, whilst customer satisfaction could impact the perceive value and mobile shopping intention through the mediating process. This research provides insight into the new effects of each dimension of e-servicescape on perceived value, customer satisfaction and the mobile purchase intention, thus improving the existing knowledge in the field of servicescape and mobile shopping customer behaviour.

E-servicescape; Generation X; Customer satisfaction; Perceived value; Mobile purchase intention

THE IMPORTANCE OF THE VISIONARY LEADERSHIP AND TALENT MANAGEMENT TO IMPROVE THE EMPLOYEE PERFORMANCE

Rediawan MIHARJA, Neneng HAYATI

This study will identify, test and analyze the description of the Visionary Leadership variable, Talent Management variable on the Employee Performance variable at regional banks in West Java, Indonesia. This research is quantitative. This research uses descriptive method and verification method. The unit of analysis in this research is the employee. This research uses 300 people sample, and the analytical tool used is PLS-SEM. The results showed that Visionary Leadership Variable was quite good in the excellent category, Talent Management Variable was in the fairly good to very good category, and Employee Performance Variable was in the fairly good category with the very good category. The results also show that Visionary Leadership is influential and very important for Employee Performance, Talent Management is influential and very important for Employee Performance, Visionary Leadership is influential and very important for Talent Management, and Visionary Leadership is influential and very important Employee Performance through Talent Management.

Visionary Leadership; Talent Management; Employee Performance; PLS-SEM

NATIONAL HEALTH REFORMS IN GEORGIA DURING 1994-2021 AND THEIR SUCCESS

Iza GIGAURI, Kakhaber DJAKELI

The Health Reform of the country is a very difficult burden for two reasons: firstly, we need an appropriate economy level in the country, that can bear the new health model, established through reform, and secondly, the country needs a health system that is appropriate either for its economic system or for its tradition and history. Health reformers need to match all the points of the health reform concept, its implementation, and the systems of the country. Due to its Soviet past, Georgia struggled in the last twenty years to find an effective and cost efficient health model for its citizens. Starting from the 90s, Georgia instituted three health reforms and finally found some sustainable measures. The present article explores the three waves of the Georgian Health Care reforms, and analyses the factors of their success and the reasons for their failures. The importance of studying the Health Care systems is derived from Sustainable Development Goals targeting Health issues including health-related topics to improve the population's health and wellbeing as well as achieve universal coverage of health services. The research contributes to the knowledge regarding the Health Care Reforms, and their practical implications on a country.

Health Reform; National Health System; Universal Health Care; Georgia

AN EXPLORATION INTO PEOPLE’S PERCEPTION AND INTENTION ON USING CRYPTOCURRENCIES

Jake McMORROW, Mona SEYED ESFAHANI

The cryptocurrency market has been described as revolutionary due to the constant technological evolution and innovation that the blockchain technology provides. Leading many to believe that this could be the next step for the human race, just like how fiat currency replaced gold. Cryptocurrencies were originally created to be a form of savings or income for the unbanked, reduce costs and energy consumption, for a means of data transparency and to remove financial intermediaries. It is undeniable that the cryptocurrency market has created a divide of opinions, as some look to explore the market further while others reject the thought of adopting this innovative technology completely. This study focuses on the perception and intention to use cryptocurrencies. Diving into previous literature about the adoption of cryptocurrencies and new technologies. Highlighting key factors that can affect an individual’s perception and gaps in the literature that need to be explored further. A quantitative approach was used to gather data from 102 participants. The findings indicated that performance and effort expectancy as the most influential variables for cryptocurrency adoption, as people seek understanding as what benefits cryptocurrencies can provide for them when they feel incapable of using the innovative technology.

Cryptocurrency; Perception, Intention, Technology; Innovation

Journal no. 1 from 2021 - issue date: 04/2021

THE 2008 FINANCIAL RECESSION AND DODD-FRANK ACT

Dominick SPANO

The 2008 Financial Recession was one of the most significant fiscal downturns in the history of the United States. Considering that the world is in the midst of a global pandemic which may lead to another adverse economic climate, I believe that looking back at the causes of the 2008 Financial Recession is recommended. This may assist administrators to avoid the missteps which sparked this down economy in the future. By reading this paper, readers will also learn about the demographics effected by the recession and the Dodd-Frank Act, which was drafted to combat future occurrences of this nature.

Recession, Dodd-Frank Act, Obama, Regulations, Policy

THE IMPACT WORK FAMILY ON PERFORMANCE: THE CASE OF MARRIED FEMALE NURSES

Wiendy Puspita SARI, Puteri Andika SARI, Reka Tantia AKTRISA

Work Family Conflict (WFC) is common problem for working women. The purpose of this study is to analyse the dimensions of WFC : WIF (Work Interference with Family) & FIW (Family Interference with Work), and Performance of Working Women, and also to examine the influence of WIF and FIW on Performance of Working Woman partially and simultaneously. The research used survey method by giving questionnaires to 60 married female nurses from several Hospitals in Bandung. This study uses Partial Least Square (PLS) to analyse the relation between variables. The measurements of WFC are WIF & FIW. The measurements of Performance are Quality, Quantity, Punctuality, Cost effectiveness, Supervision needs, Interpersonal impact, Communication (oral-written), Job understanding / personal effectiveness, Teamwork, Achievement of performance results, Initiative / commitment. WIF has significant and negative impact on Performance of Working Women, the impact is about 46.7% (moderate). FIW has significant and negative impact on Performance of Working Women, the impact is about 42.4% (moderate). WIF & FIW has moderate impact on Performance of Working Women simultaneously, the impact is about 47.4%.

Work Family Conflict; Performance; Married Female Nurses

ILLICIT ACTIVITIES BENEATH THE SURFACE WEB: INVESTIGATING DOMESTIC EXTREMISM ON ANONYMOUS SOCIAL MEDIA PLATFORMS

Maurice DAWSON1, Andreas VASSILAKOS, Jose Luis CASTANON REMY, Tenace Kwaku SETOR

At the beginning of 2021, the Internet was used to spread words to incite insurrection and violence through social media, incited a pro-Trump mob riot into a U.S. Capitol building. Furthermore, due to recent acts of domestic terrorism in Texas, New Zealand, and California, police authorities have begun investigating social media presence that premeditated harmful acts. In all three instances, the shooters posted their manifesto online and had a presence on 8chan. The common thread among all shooters is their identification as a white nationalist and their social media site affiliation with Infinitechan, where they hid their radical ideas. At the beginning of 2021, the Internet was used to spread words to incite insurrection and violence through social media, incited a pro-Trump mob riot into a U.S. Capitol building. Furthermore, due to recent acts of domestic terrorism in Texas, New Zealand, and California, police authorities have begun investigating social media presence that premeditated harmful acts. In all three instances, the shooters posted their manifesto online and had a presence on 8chan. The common thread among all shooters is their identification as a white nationalist and their social media site affiliation with Infinitechan, where they hid their radical ideas. Similarities in the shooters' profiles include their perceived viewpoints of population groups regarding their political, ethnic, and social identities. This paper will provide insight into the forums where domestic terrorists spread their agendas. It will also set the foundation for further research towards a strategic algorithm that compiles and analyses relevant users' profiles by using OSINT and data analytics techniques).

Extremism; Open Source Intelligence; Homeland Security; Counterterrorism; Crime; Cyber; Cyber Security; Software Development

EFFECT OF EXPERIMENTAL QUALITY AND EXPERIMENTAL SATISFACTION ON REVISIT INTENTION IN LAKE TOBA

Endang Sulistya RINI, Beby Karina Fawzeea SEMBIRING, Yeni ABSAH

The purpose of this study is to look at the influence of experiential quality on revisit intention through experiential satisfaction. The population in this study is tourists, of an unknown population number, who have already visited Lake Toba. Based on Malhotra’s theory, with the number of respondents of 324, the sampling method used is accidental sampling. The data analysis in this study is descriptive analysis and statistical analysis of PLS-SEM using Smart-PLS software. The results of this study show that experiential quality has a positive and significant effect on experiential satisfaction variables. Experiential quality has a positive and significant effect on variable revisit intention, and experiential satisfaction has a positive and significant effect on variable revisit intention through experiential satisfaction. The implication of this research is that experience is an important thing to research where good and bad experiences can make tourists revisit to the visited tourist attractions.

Experiential Quality; Experiential Satisfaction; Revisit Intention

BUBBLES DURING COVID-19 PERIOD: EVIDENCE FROM THE UNITED STATES USING THE GENERALIZED SUB ADF TEST

Tsangyao CHANG, Chen-Min HSU, Mei-Chih WANG

This study applies the generalized sub ADF (GSADF) tests to investigate whether bubbles exist in the United States markets over the period of 2015-2019, focusing on the COVID-19 period. We use daily Dow-Jones stock price indexes for the first time during the time period of 2015/1/7-2020/3/17. Empirical results demonstrate the existence of bubbles in the US stock market during some sub-sample time periods. Especially important, we find the third bubble begins from 2020/2/26 and grows gradually, not bursting until recently, a situation that is ongoing in the US market. Our results have important policy implications for investors who attempt to invest in the US stock market.

Dow-Jones Market Index; SAFDF; GSADF Test; Bubble

DECENTRALIZATION IN TANZANIA: PERCEPTIBLE EFFICIENCY AND EFFECTIVENESS IN MANAGEMENT OF COUNTRY HEALTH CARE FREE EDUCATION AND PUBLIC PRIVATE PARTNERSHIP

Rahel Nasoni MKOMA, Charles Tinabo RWEKAZA

Decentralization has been a means to enhance efficiency and effectiveness in the management of local government affairs. Tanzania has undergone a reform through decentralization by devolution (D by D) and shifted relative power to lower levels of government known as local government authorities. The purpose is to improve the management of local government affair including the management of community health, free basic education and the management of contracts through public-private partnership. The objective of this paper is to review and analyse on how D by D has enhanced efficiency and effectiveness in the management of local government affairs in Tanzania. Data were collected through reviewing different documents including published journal articles, unpublished Master and PhD thesis/dissertations, government reports and online materials. Efficiency and effectiveness in the management of local government affairs are enhanced by D by D as there are improvements in the management of the community health fund as the number of households enrolled is consecutively increasing in the past five years from 543,328 in 2012/2013 to 2,251,055 in 2017/2018giving a total of 13,506,330 beneficiaries out of the total population. In the management of free fee basic education, head masters, mistress and head teachers in Singida and Ruangwa districts are successful in overcoming the challenges of free fee basic education while there is improved community participation in the management of management of contracted services in Ulanga district council. This paper recommends for reviewing and analysing how D by D has enhanced management of waste collection, the use of Government electronic Payment Gateway (GePG) in revenue collection and the efficiency and effectiveness of Tanzania Rural and Urban Roads Agency (TARURA).

Decentralization; Efficiency and Effectiveness; Management; Local Government Affairs

HUMAN PSYCHOLOGICAL FACTORS IN THE SUCCESS OF HUMAN CAPITAL INVESTMENT IN DRIVING FINANCIAL PERFORMANCE, CASE STUDY OF THE HOTEL INDUSTRY IN INDONESIA AND MALAYSIA

Diah RUSMINGSIH, Eny Lestari WIDARNI, Suryaning BAWONO

This research combines quantitative research to calculate data variables and draw conclusions as well as meaning-based qualitative research for things that are observed and cannot be calculated precisely such as psychological factors in human resources and other human factors related to human capital investment and organizational performance in Hotel Industry throughout Indonesia and Malaysia. With careful observation based on activity reports and various reliable sources using content analysis, we find that investment in human capital can be successful if human factors of human resources can be fulfilled such as comfort and job satisfaction. So that the factors of expertise and work comfort are the two dominant factors in increasing the success of investing in human capital in improving organizational work.

Human Psychological; Human Capital Investment; Hotel Industry; Financial Performance

THE CONCEPT OF WAQF-SYRKAH FOR COMMODITY FOOD SECURITY

Muhammad Dandy Alif WILDANA, An’im KAFABIH

Food is essential for human survival, and ensuring its availability is critical. Waqf is present as one of supporting institutions that supports food security. This paper aims to see how waqf can contribute to the food security of a community. Waqf, in its sense is an Islamic philanthropic institution that focus on welfare of Muslim. As a Muslim, it is important to safeguard one’s life as stated in Maqasid As Shariah. This paper employs systematic literature review to see the contribution of waqf through syirkah (partnership) for community food security. Syirkah plays its role as a connector between waqf and food security, with farmers at its spearhead. Syirkah is chosen because it is compatible with farmer’s business and waqf may serve to their business sustainability in general, and farmer’s livelihood in particular. The ultimate goal of this concept is to achieve stability in the supply of staple food which leads to its price stability, hence staple food is available and accessible to all. Furthermore, the stability achieved will reduce the burden of government to provide staple food in times of crisis and to promote welfare and better social cohesion of a community.

Waqf; Food Security; Maqasid As Syariah; Syirkah

SCAPEGOATING IN ‘THE STRANGER’ BY ALBERT CAMUS

Diana-Eugenia PANAIT-IONCICĂ

The present paper intends to discuss the amount to which scapegoating (as understood by René Girard in ‘The Scapegoat’) can be applied to Camus’s novel ‘The Stranger’. While issues arise when we are trying to apply Girard’s definition of scapegoating to the famous novel by Camus, this paper shall try to prove that they are only apparent issues, and that the novel is a perfect illustration of Girard’s theory.

scapegoating, literature, contemporary novel

REVIEW OF THE BOOK “CULTURAL HYBRIDIZATION IN THE CONTEMPORARY NOVEL” BY DIANA-EUGENIA PANAIT-IONCICĂ

Adriana GRIGORESCU

The book “Cultural Hybridization in the Contemporary Novel” attempts a bold feat: to present, out of a diversity of works in contemporary English language literature, some books that are truly valuable for the reader. It invites us to ponder on some of the hottest topics the world is currently facing, including the mixture of cultures, migration and its consequences on today’s culture and literature, the longing for home and its spiritual meaning.

Book review

Journal no. 3 from 2020 - issue date: 12/2020

THE RESPONSE OF NATIONAL AND LOCAL PORTUGUESE GOVERNMENT AUTHORITIES TO COVID-19

Fernando ALMEIDA, José Augusto MONTEIRO

COVID-19 has caused in Portugal an enormous economic, financial, and social challenge that must be answered by the national and local Portuguese government authorities. Several support measures have been launched to protect businesses, economic sustainability, and employment levels. At the national level, projects with greater economic emphasis are highlighted, which aim to support companies and their workers. The most noteworthy are measures relegated to simplified lay-off, social protection for individuals in isolation or with illness, and support for the payment of basic expenses such as electricity, water, and gas. Also, on this level, measures concerning teleworking and school at home through television have changed the daily lives of families. At the local level, there was a greater emphasis on the social dimension. The role played by local authorities and local councils in stimulating the local business community and supporting the creation of volunteer banks, the delivery of food and medicines, and the production of goods for individual protection was highlighted.

Covid-19; public administration; lay-off; teleworking; economic impact; social impact

ARE FISCAL DEFICITS REALLY INFLATIONARY? AN INVESTIGATION INTO ETHIOPIA’S EXPERIENCE

Minyahil ALEMU

This study establishes long-run relations between budget deficits and inflation, while controlling for money supply owing to the justified links between deficits and money supply especially for developing countries. We employed time series data with temporal coverage of 1980-2018. Augmented Dickey Fuller has tested nonstationary for all series, but with all stationary at first difference. The Engle-Granger (1981) methodology for Cointegration tested long-run relation between budget deficits, money supply and inflation. Due to Laney and Willet (1983), the conventional least squares regression was adopted to estimate parameters of long-run equation. The results evidenced that fiscal deficits and money supply have been at the root of galloping inflation in Ethiopia. Besides, budget deficits have been the root cause of money supply growth in Ethiopia; while giving empirical support to the hypothesis that, governments of least developed countries resort to monetize large portion of their deficits. There is a need to reform the fiscal aspect of the government, if the mounting rate of deficits has to be lessened. Budgetary imbalances can be rectified through enhancement of domestic capital market and setting limits on central bank borrowing. Besides, it could be vital to expand the tax base as well as intensify efficiency of the existing tax system in the country.

Cointegration; Ethiopia; Fiscal Deficits; Inflation; Money Supply; Stationarity

COMMERCIALIZING THE MILKFISH HATCHERY-BRED FRY INDUSTRY IN THE PHILIPPINES: A WELFARE ANALYSIS

Yolanda T. GARCIA, Maria Esperanza T. GARCIA, Arnulfo G. GARCIA

This study aims to estimate the welfare gains of the Philippine milkfish industry in establishing local fry hatcheries to reduce imports from Indonesia and Taiwan. It also seeks to identify the industry stakeholders who gain from this import substitution endeavour. The economic surplus model was used to estimate the welfare gains from the commercialization of the hatchery-bred milkfish fry in the fishery sector. Specifically, the changes in consumer and/or producer surplus per stakeholder were compared to determine who the biggest gainers are. Results of the study showed that the consumer surplus from the milkfish fry industry was larger than its producer surplus. On the other hand, the reverse was true for the grow-out industry. It is interesting to note that the consumers in the fry industry and the producer in the grow-out industry were the same set of stakeholders, i.e., the milkfish grow-out operators, who gained the most from this development. The study also showed that commercializing the local milkfish hatchery technologies can bring about more benefits to the country than importing fry and fingerlings. Hence, the development of local hatcheries for other aquaculture species can be expected to bring similar welfare gains. More importantly, the technical and financial assistance that were extended by the government’s fishery institutions through the GAINEX project as pioneered by DOST-PCAARRD can serve as an effective catalyst to prospective hatchery operators in reducing the risks, especially when setting-up a new enterprise like the hatchery-bred fry for an emerging aquaculture species in the country.

Commercialization; import substitution; welfare gain; consumer surplus; producer surplus; milkfish; hatchery technology; hatcher

REVERSE AND GREEN LOGISTICS COST SIMULATION USING ANALYTICAL HIERARCHY PROCESS

Mohammad ANNAS, Trihadi Pudiawan ERHAN, Suhendar SULAEMAN

The research aims to measure the effectiveness of the strategies of modern retailers which implementing reverse logistics activities, and to be believe that it could increase not only business competition, but also consumer satisfaction. The object of research is 20 modern retailers ranging from convenience stores to hypermarket stores. The methodology implemented in the form of setting parameters and assessment criteria which are arranged in the form of priority scale and analyzed using the Analytical Hierarchy Process or AHP method. The respondents are the decision makers in terms of product delivery, logistics, distribution and warehouse including making purchases both directly and indirectly. Sub parameters and sub criteria that are arranged then re-evaluated using the Expert Choice instrument to see the resulting scale consistency. Broadly speaking, the highest priority scale was 0.441 for the criteria for agility, 0.428 for the efficiency criteria, 0.318 for the stakeholder criteria, 0.271 for the process criteria and 0.146 for the environment criteria. The result of simulation cost is less than 8 percent of the profit margin per product returned.

Reverse Logistics; Logistics Cost; Logistics Criterion

THE INFLUENCE OF B2B RELATIONSHIP QUALITY ON OPPORTUNISM AND FIRM PERFORMANCE

Amy Chu May YEO, Marcus Ee Ken LAI

The primary objective of the research is to determine the influences of B2B relationship quality and opportunism on firm performance. This study takes a general perspective of business organisations by examining the hypothesised relationships in the context of B2B’s in the industrial business environment. The research employs a cross-sectional design whereby quantitative data is collected by means of an online survey. Using non-probability, judgmental and snowball sampling technique, a sample size of 98 employees from the industrial business environment within Malaysia was collected. The gathered data was analysed using statistical software Smart -PLS. The research yields several interesting findings on the association between B2B relationship quality and firm performance in the industrial business environment within Malaysia. Findings also unfolded that the quality of a relationship between businesses is able to influence firm performance and opportunism. Opportunism on the other hand was not found to have any influence on Firm Performance. The results of the study implied that the quality of the relationship between businesses that is built upon trust, commitment, satisfaction and information sharing are important in business relationships. A high-quality relationship that is shared among suppliers and customers is able to predict better firm performance and inhibit the negative effect of opportunism.

B2B Relationship quality; Firm Performance; Opportunism; Trust; Commitment; Satisfaction; Information Sharing

ANALYSIS OF FACTORS AFFECTING FRONTLINER EMPLOYEE ENGAGEMENT IN BANDUNG CITY

Deddy RUSYANDI

Employees who have a high level of engagement can be a solution to performance problems, because they feel tied to the organization and work enthusiastically. The study aims to determine the condition of engagement and analyse the factors that can affect the level of engagement of employees of bank front lines in the city of Bandung. The method used in this research is descriptive method by applying exploratory factor analysis to 42 factors that influence employee engagement. The results of the study found that the 42 factors were quite influential in increasing the engagement of Bank front liner employees in the city of Bandung. And 5 new factors are formed which consist of: Individual Factors Facility Factors; Motivation Factors; and Career Factors.

Employee; Engagement; Factors; Bank

EFFECTS OF ORGANIZATIONAL–PROFESSIONAL CONFLICT AND AUDITOR BURNOUT ON DYSFUNCTIONAL AUDIT BEHAVIOUR

Tabita Indah ISWARI

Auditors are expected to provide a good quality in auditing performance. However, in practice, some conditions may impair the auditors’ professional behaviour. The conflict between professional and organizational values that may occur during the auditing process may become a dilemma for the auditor as a professional. This condition eventually can make the auditor to have a dysfunctional behaviour in performing audit. Some studies showed that the phenomenon of dysfunctional audit behaviour is also correlated to the job burnout the auditor experiences in performing the audit fieldwork. This study, in turn, examined the effects of organizational – professional conflict (OPC) and auditor burnout on dysfunctional audit behaviour. It was hypothesized that both OPC and auditor burnout have the positive effects on dysfunctional audit behaviour. Data collection in this study was performed by distributing the questionnaires through the survey method sent to the respondents, i.e. 79 auditors working in public accounting firm using the convenience sampling technique. The results of this study indicated that job burnout, as hypothesized, had positive effect on dysfunctional audit behaviour; while the OPC had no effect on dysfunctional audit behaviour.

Organizational – Professional Conflict; Auditor Burnout; Dysfunctional Audit Behaviour

VALUATION OF START-UP COMPANY USING REAL AND FINANCIAL ASSETS RATE OF RETURN

Ika Yanuarti LOEBIANTORO, Jeunifer Nia LISTIAWAN

The objective of this research is to analyse and describe the valuation of start-up company using the Discounted Cash Flow Analysis. There are several combination of discount rates, including combination of beta, risk free rate and market return. There are several market returns applied in the calculation of the discount rate, such as gold price, crude oil, property price index and IDX composite. The object of research is PT. XYZ, which is a start-up company engaged in the field of software (System & Mobile Application). The results showed that PT. XYZ is a start-up that has a systematic risk (Beta) of 5.1 point, which is lower than the average beta of hi-tech start-up companies. The fair value of PT. XYZ is Rp 3,729,416,128,911. Using a confidence level of 95%, the deviation of company’s value is between Rp102,726,286,407 and Rp7,356,105,971,415. It is concluded that valuing the start-up using real and financial asset return as a benchmark will provide high fair value. The reason is the return in those assets are lower because of lower risk. The lower rate of return will make the value of the start-up company higher. Therefore, investors will request the start-up company to provide higher value.

Discounted Cash Flow; Market Return; Systematic Risk

Journal no. 2 from 2020 - issue date: 08/2020

INFORMATION SECURITY MANAGEMENT

Sri Harsha SOMEPALLI, Sai Kishore Reddy TANGELLA, Santosh YALAMANCHILI

Information security management is a very important issue for anyone working in the field of technology, or for anyone at risk of security breach, who understands the implications of these vulnerabilities. Many organizations are always on the constant threat of a security breach. It is easy for an organization to experience a data breach that can seriously compromise their data. With the evolving threats of data security, organizations are always working to ensure that their data is protected. Frameworks associated with information security can be pivotal to an organization. Frameworks employed in organizations helps to protect the employee and user information which is essential as it puts employees and clients at ease that their information is secure. Identifying the ideal frameworks for an organization is important. However, this process can be a bit tricky as a lot has to be considered to identify the best framework for the organization.

Information Security; Security breach; Frameworks

DO LEADERSHIP STYLE AND ORGANIZATIONAL COMMUNICATION INCREASE TO ORGANIZATIONAL COMMITMENT? STUDY AMONG HOSPITAL STAFF

Rahmi WIDYANTI, BASUKI, SUSILADEWI

General problems who experienced by some large hospitals in Indonesia weakness caused by factors other than internal (internal weakness), especially of facilities and human resources who is still relatively less and still the weak competitiveness of organization (low competitive advantage) and combined with the terrier such as qualities and support of leadership. The weak in the field of organizational communication on hospital in anticipation regional and international free market competition. The gap medical staff functional (MSF), between in government hospital and private hospital has resulted in the role of an assignment with the condition a very complicated. Specialized doctors tend to be part time in government hospital, place official work. The problems need to examined the more distant is how to create commitment staff functional medical and so far, of needed harmonious relations. Organizational communication to create cooperation and a good relationship and pattern leadership in managing the hospital to medical staff functional and non-medical is a thing also become the adhesive for the hospital system that could increase commitment. This study aims to assess empirical pertaining to with a variable in leadership styles and organizational communication impact they may have on organizational commitment of MSF. A method of survey was used in this study, while the kind of research is considered to be explanatory research. Such data was gathered through 43 MSF and analyzed using Partial Least Square (PLS). This research result show that variable of leadership styles could to increase an organizational communication. Leadership styles significant and could influence on organizational commitment, and organizational communication the influence on organizational commitment as significant.

Leadership styles, communication, commitment, hospital

THE SUCCESS AND FAILURES OF SARI-SARI STORES: EXPLORING THE MINDS OF WOMEN MICRO-ENTREPRENEURS

Jonathan C. GANO-AN, Gloria P. GEMPES

In the past decades, the unprecedented number of women in entrepreneurship has been overwhelmingly increasing. This was fueled by their motivation to earn independently and to uplift their economic condition. This paper magnified the stories of success and failures of women micro entrepreneurs in managing their ‘sari-sari’ stores. Informants of this multiple case study were five women micro-entrepreneurs who had been in business for at least five years. An in-depth interview was done and cross case analysis was employed. Results revealed that new investments, enhanced family income, productivity, and resourcefulness were the stories that they highlighted as success. On the stories of failures, they emphasized that business breakdowns and personal crisis once confronted their operation. They also revealed that failures framed them to be determined, faithful, diligent, and optimistic. Lastly, they shared significant insights that women entrepreneurs must be business oriented, develop people skills, and employ a strong will power. These women entrepreneurs have their own way of defining moments relative to success and failures in micro entrepreneurship. What is worth noting is the fact that the innumerable failures which confronted them shaped the entrepreneurial traits they now possessed and achieved the optimum success in their entrepreneurial journey.

Women entrepreneurship, micro-enterprise, success and failures, sari-sari, Philippines

QUALITY OF FUNCTIONAL SERVICES FOR PRIVATE UNIVERSITY LECTURERS (STUDIES AT THE OFFICE OF LLDIKTI REGION VIII)

I Nyoman Gede Prajanata DATUTUSTA, Siti ROCHMAH, Fadilah AMIN

Public opinion regarding the quality of public organization services is an interesting issue in recent years, especially after the many complaints from the public that states that it is not as expected by the community. One of the services available at the LLDIKTI office is the management of functional Lecturer and other functional staff. The purpose of this study was to determine the quality of management services of functional position, determine the suitability of service user expectations with the performance of functional position management services and determine priority policies that can be applied in improving the quality of functional position management services in LLDIKTI Region VIII. The number of samples from the population determined by the Krejcie and Morgan table was 357 people. The data analysis technique used is the validity test, reliability test, calculating the value of the community satisfaction survey (SKM), and the Importance Performance Analysis (IPA) Analysis. The results of this study shows the level of satisfaction using the community satisfaction survey (SKM) included in the quality of service B with a score of 82.24 with the GOOD category. Conformity level is the average of the score of the implementation level and the average score of the importance level is 93.89%. Based on the results of the Cartesian diagram, the element of service quality that needs to be prioritized for improvement in its implementation is the element of item suitability with the type of service, clarity of flow in service procedures and clarity of information about service procedures. Suggestions that can be given are an increase in the clarity of information on the management of functional positions can be done by increasing the use of the web and the user data-based notification system.

Service Quality, Functional Position, Satisfaction

DEMOGRAPHIC CHARACTERISTICS AND PSYCHOLOGICAL EMPOWERMENT ON SERVICE ORIENTATION: A STUDY IN YOGYAKARTA, INDONESIA

Adita Bagus SAPUTRO, Ignatius Soni KURNIAWAN

The service quality in hotels can be seen first from the front-office that interacts directly with customers, here service orientation has an important role. Employees who have high service orientation will have high performance and can be a competitive advantage for the company. Psychological empowerment also an important factor in service orientation, it can be seen from the feelings shown by employees and can increase self-recognition and self-esteem. This research aims to determine the influence of demographic charact eristics and psychological empowerment towards service orientation in the hospitality industry. This research was conducted at several three-star hotels in Yogyakarta. This research used multiple regression analysis, partial t test, coefficient of determination and beta standardized coefficient to analyse the data. Furthermore, the results of this research are gender, age, education level and competency certification have a positive and significant influence on service orientation. Meanwhile, tenure has a negative and insignificant influence and marital status has a positive and insignificant influence on service orientation. The last, psychological empowerment has a positive and significant influence on service orientation.

demographic characteristics, psychological empowerment, service orientation

RISKS AND VULNERABILITIES IN DIGITAL PUBLIC SERVICES. THREAT OF CYBERTERRORISM VS ROMANIA’S CYBERSECURITY STRATEGY

Mihai CONSTANTIN, Andra-Nicoleta BORȚEA, Denisa-Atena COSTOVICI (MEMA)

The digitization of the administration and the governance process implies a number of advantages that we cannot ignore, but these advantages are supported by a series of disadvantages and unforeseen situations, but by far the biggest threat is Cyberterrorism. Romania aims both to encourage the indigenous information environment and the services specific to the information society, but also to ensure the fulfilment of the objectives assumed in the area of national security and to protect the fundamental rights and freedoms of citizens. Currently anyone can be the target of a cyber-attack, and the most important state institutions are usually the first ones targeted. The weak point remains the human factor, the user of the computer system. That is why in any strategy of "Cybersecurity" its awareness and training from the point of view of computer security plays a vital role. The fact that so far, no attacks have been reported with major impact on public institutions, strategic companies with state and / or private capital or critical infrastructure elements, denotes that the strategy adopted by Romania is a viable one, but must be constantly updated in depending on the dynamics of the threats.

Management; Cybersecurity; Cyberterrorism; SRI; CYBERINT

THE EFFECT OF GLASS CEILING SYNDROME ON WOMEN’S CAREER BARRIERS IN MANAGEMENT AND JOB MOTIVATION

Tuğba İMADOĞLU, Rabia Sultan KURŞUNCU, Mustafa Fedai ÇAVUŞ

In recent years, despite the fact that women have become more and more involved in business life as a result of economic, social and cultural developments, the proportion of women in the managerial staff and leaders is very low. In terms of female labor force, there are some barriers as well as many advantages. One of these barriers is the glass ceiling syndrome mentioned most often in business world. This is a qualitative research which examines the effects of glass roof syndrome and career barriers on job motivation. The sample group for the research comprises 33 women working in private sector. The findings of the research reveal that women who do not get their deserved promotions have low motivation. Being unmotivated leads some women to reduce their job performances, on the other hand this leads some women to work more motivatedly. Women should be guided and psychological support should be given for career planning in institutions they work for. The absence of gender discrimination and the appreciation of women as a result of their achievements will increase their motivations in workplaces and this will help institutions they work for achieve their goals more quickly.

Glass ceiling syndrome, job motivation, career barriers

MANAGEMENT CONSULTING INTERVENTION CASE STUDY IN A COMPLEX AND TOXIC HOSPITAL ORGANIZATIONAL CULTURE

Darrell Norman BURRELL

Healthcare organizations in turmoil often turn to management consultants to collect data, engage in analysis, evaluate processes, and make recommendations. This is a case study of an actual hospital with complex issues around organizational culture, organizational conflict, diversity, and talent management. The paper explores the intervention approaches used to address the toxic organizational cultural problems through the lens of organizational development, change management, and corporate behavioral theory.

organizational development, management consulting, hospital administration, change management

ANALYSIS OF PERFORMANCE INFORMATION USE IN TANZANIA: INSIGHTS FROM TANZANIA PUBLIC SERVICE COLLEGE

Ramadhani MARIJANI, Richard MANASE

This paper attempted to analyze how public managers use performance information at Tanzania Public Service College (TPSC), Tabora campus. It based on self-reported performance information. We systematically reviewed the TPSC Self-Evaluation Study Report (2019); TPSC Service Delivery Survey report, 2016; TPSC steering committee report, 2017; and TPSC performance reports of 2016-2019. This review was corroborated with interviews from 89 respondents and Focus Group Discussions (FGDs) to offer the following insights: First, despite the presence of sound governance structures in TPSC and adherence to the public service rules and regulations, there is a weak purposeful use of performance information by public managers at TPSC to improve organizational performance through their decisions. This can be attributed to the nature of vertical information flow in TPSC. Second, there is weak culture of performance information use, paucity of performance information, lack of institutionalization of information and support from TPSC top leadership, which could facilitate strong internal use of performance data and in turn, improve organizational performance. Based on the findings, the paper offers recommendations to encourage performance information use at TPSC and NACTE, and points to new avenues for future research.

Performance Information Use; Performance Management; National Council for Technical Education

REFLECTION ON PERSONAL DEVELOPMENT, FACTS AND RULES TO BE APPLIED IN THE MANAGEMENT OF COMPANIES

Cristina Gabriela VASCIUC

The employees’ personal development is essential in the current management. The companies that perform have several competent managers and they manage to evolve and retain the talents, rewarding the services. By implementing a careful personal development strategy, they have a real competitive advantage, becoming a priority for companies. This helps their employees to establish a better relationship with themselves and others, a sign of personal and professional evolution. The personal development ensures the employees’ well-being, so that they increase their productivity. Personal development practices must integrate each branch of a company, from production to management, personal development now being part of managers' tools, its purpose being to help managers get to know each other better and to control their interactions with others, pushing employees to respect the expected behavior of the organization. Thus, personal development becomes indispensable to the nowadays’ management, being advantageous for the company, because, not only does it improve communication within the company, but it also has an impact on its performance and productivity.

personal development, management, managers, competitive advantage

ANALYSIS OF EFFECTS OF SERVICE QUALITY AND LOYALTY ON INTEREST RATES OF BASKETBALL ATHLETES IN SAHABAT BASKETBALL CLUB YOGYAKARTA

Kukuh Hardopo PUTRO, SISWANTOYO, Mohd Salleh AMAN

In business, especially basketball experience an increased very rapidly, both in terms of quality and quantity in Yogyakarta. Customer as the facilities and services the user pays the cost, much influenced by several internal and external factors. These factors have a major influence on the process of the customer to pay a fee to join and dues in Basketball Clubs. This type of research is descriptive with mixed qualitative and quantitative approach, population in this study is the Athlete Club Basketball “Sahabat” of Yogyakarta, with the number of 20 people, the study sample was determined by random sampling. The technique of collecting data using questionnaires. SPSS.21 using data analysis techniques. While looking at the level of loyalty of respondents to the basketball club Yogyakarta “Sahabat”, 13 of 20 respondents said well (65%) and 7 respondents (35%) had middle loyalty. So from this study showed that customer trust is strongly influenced by the good facilities, appropriate tariffs, staff were nice, the service was very good, and therefore in this study obtained very significant results to customer satisfaction or athletes in the Club Basketball “Sahabat” of Yogyakarta.

Quality, Services, Loyalty, Interest Rates, Basketball

IS BIG DATA SECURITY ESSENTIAL FOR STUDENTS TO UNDERSTAND?

Rochman Hadi MUSTOFA

Big Data has become a significant concern of the world, along with the era of digital transformation. However, there are still many young people, especially in developing countries, who are not yet aware of the security of their big data, especially personal data. Misuse of information from big data often results in violations of privacy, security, and cybercrime. This study aims to determine how aware of the younger generation of security and privacy of their big data. Data were collected qualitatively by interviews and focus group discussions (FGD) from. Respondents were undergraduate students who used social media and financial technology applications such as online shopping, digital payments, digital wallet and hotel/transportation booking applications. The results showed that students were not aware enough and understood the security or privacy of their digital data, and some respondents even gave personal data to potentially scam sites. Most students are not careful in providing big data information because they are not aware of the risks behind it, socialization is needed in the future as a step to prevent potential data theft.

Big Data, Security and Privacy, Digital Data, Financial Technology

SELF-PLAGIARISM IN AAAS SCIENCE ARTICLE ABOUT PUBPEER’S PRESIDENT, BRANDON STELL

Jaime A. TEIXEIRA DA SILVA

In publishing ethics, self-plagiarism or text recycling is subject to a correction or retraction. This paper examines a high-profile case of ethical exceptionalism in the publishing status quo. Jennifer Couzin-Frankel, a science writer for the magazine Science, published by The American Association for the Advancement of Science (AAAS), was the first reporter to publicly reveal the identity of Brandon Stell, the President of The PubPeer Foundation, which owns PubPeer, a science whistle-blower website. The AAAS is a Committee on Publication Ethics (COPE) member publisher. Couzin-Frankel published two articles, one of which self-plagiarized (i.e., the use of text written by the same person but not properly cited, or acknowledged) about 25% of text in the other article. Couzin-Frankel has also employed nested self-citation, which is the citation of a separate part of a paper such as a table or text box, to give the impression of a separate publication. These aspects call into question how strictly information is vetted and edited at AAAS’s Science. Despite alerting the AAAS, this heavily self-plagiarized paper has not been corrected or retracted. How then do the AAAS and COPE justify the continued publication of both texts?

American Association for the Advancement of Science; ethics; Jennifer Couzin-Frankel; Laura and John Arnold Foundation; opacity

Journal no. 1 from 2020 - issue date: 04/2020

ANTECEDENTS OF CONSUMER BUYING INTENTION ON THE PRODUCTS OF HIJAB SMES IN GRESIK

Surjanti JUN, Soesatyo YOYOK, SANAJI, Wibawa Setya CHENDRA

Consumers are important factors that must be considered by business actors because they are one of the determinants of business sustainability. There are several causes to trigger customer buying intention, such as product types, trademarks, and prices. This study aims to determine the antecedent of consumer buying intentions of Hijab SMEs products from Gresik. This study uses a quantitative approach with explanatory research using correlation research design survey. The respondents were 75 consumers from 7 Hijab SMEs Gresik. The results indicate that factors related to the emergence of consumer buying intentions for Hijab SMEs products are raw material (fabric), stitches, designs, and price

Hijab SMEs; consumer buying intention

INDEPENDENT PARTIES IN MINIMIZING AGENCY PROBLEM IN INDONESIA: AN ALTERNATIVE MODEL

Dito RINALDO, Vina Anggilia PUSPITA

Despite various studies on good corporate governance (GCG), many GCG mechanisms do not seem to work effectively in Indonesian companies due to frequent conflicts between majority and minority shareholders. A more independent party needs to be offered to solve this unique agency problem. This study attempts to analyze how independent parties; foreign and domestic institutional ownership, and independent commissioners may provide solution to agency problem. Results of panel data regression show a positive and significant influence of foreign institutional ownership on dividends and stock prices, whereas domestic institutional ownership and independent commissioners do not significantly affect shareholder wealth. The study also proposes a new model to minimize the possibility of agency problems in Indonesian context through the establishment of foreign institutional ownership as an independent party.

Good Corporate Governance; Domestic Institutional Ownership; Foreign Institutional Ownership; Independent Commissioner; Sharehol

TRAINING ANALYSIS AND LOCUS OF CONTROL ON SELF EFFICACY AND WORK ABILITY OF EMPLOYEES

Budi SASONGKO, Eny Lestari WIDARNI, Suryaning BAWONO

This study aims to get an overview of the effect of training factors and locus of control on self efficacy and work ability of employees in three-star hotels in East Java. The population in this study is the three-star hotel industry in East Java, which totals 20 hotels and all employees at the three-star hotels in East Java, with a total sample of 501 employees. The analysis technique used is by using path analysis. Based on the analysis of the results and the hypothesis proposed previously that the variables of trainer, training material, training method, training facility, and locus of control partially have a significant effect on the variable of self-efficacy, that is acceptable/true. Meanwhile, the hypothesis which states that the variables of trainer, training material, and training methods and locus of control partially have effect on the variable of work ability can also be accepted, only one hypothesis that cannot be accepted, i.e. the effect of the variable of training facility on work ability.

Training; Human Resource; Work Ability Of Employees

THE IMPACT OF POPULATION AGEING AND LABOR SUPPLY ON ECONOMIC GROWTH - ANALYSIS BASED ON PANEL AUTOREGRESSIVE MODEL

Changing SUN

Population Ageing will increase the proportion of the elderly in the population and affect the Labor supply, which will eventually have an effect on the economy. This paper first analyzes the impact of aging on labor supply and economic growth from the theoretical level. Population ageing argues will reduce the supply of labor and hamper economic growth. Then, based on the panel data of 31 provinces, municipalities and autonomous regions in China, this paper uses panel auto-regression Model. An empirical analysis of the interaction between population ageing and labor force is carried out by means of Impulse Response Diagram and variance decomposition. The study adds to evidence that ageing reduces the supply of labor and hence economic growth.

Population Ageing; Panel autoregressive model; pulse effect; variance decomposition

AN INTEGRATED STUDY OF COFFEE AND CACAO PLANTATION MANAGEMENT IN SUPPORTING TOURISM-BASED AGRIBUSINESS IN EAST JAVA, INDONESIA

Arig Dewi Mahari SOETRION, Sri Tjondro WINARNO2

This research aims to: (1) understand the factors which become the drivers and inhibitors of the implementation of integrated management model of coffee and cocoa plantation, and (2) determine the strategy of integrated management model of coffee and cocoa plantation. The research location is determined using purposive method. The location of the research object is located in Jember Regency, Lumajang, and Malang. The research design is using descriptive and analytical survey method, while the sampling is done using Snowball Sampling method. The data analysis of this research is using: (1) Descriptive Analysis; (2) Revenue Analysis; and (3) Force implementation Analysis (FFA). The research result shows that: (a) The driving factors of the implementation of integrated management model of coffee and cocoa plantation are the variety of agricultural crops (plantation products, agricultural products, and livestock), while the inhibiting factors are weak networks among government institutions and stakeholders; and (b) The strategy of the implementation of management model are: (i) the role and participation of the community as managers; (ii) contribution from government and stakeholders; (iii) specific integrated plantation management; (iv) provision of facilities; (v) clarity of the implication of the model on local communities, tourists, and government. The implementation of the principles model can be operationalized, after it is agreed upon by stakeholders and if the models are ‘community-based’.

plantation management; tourism based agribusiness; stakeholders

THE STUDY ON THE AGRICULTURAL TRADE PATTERN BETWEEN CHINA AND CENTRAL AND EASTERN EUROPE COUNTRIES UNDER THE "16 + 1" COOPERATION MECHANISM

Mengyang QI

This article is based on the 2008-2017 data from the UN Merchandise Trade Database and analyzes the trade patterns of agricultural products between China and 16 Central and Eastern European countries in terms of trade competitiveness, complementarity and trade potential by using the index of revealed Comparative Advantage, the index of trade complementarity and the index of trade intensity. The results show that China and 16 countries are highly competitive in multi-chapter products, but there are significant differences in the export advantages of different countries' agricultural products and strong trade complementarity, and the trade links between China and 16 countries are loose In the multi-chapter products have greater trade potential. China and the 16 central and eastern European countries should make full use of the "16 + 1" Cooperation Mechanism to expand bilateral agricultural trade.

"16 + 1" cooperation mechanism; competitiveness; complementarity; trade potential

GUIDING PAVING BLOCK POROUS FOR BLIND PEOPLE

Muhammad ISRADI, Acep HIDAYAT, Joewono PRASETIJO3

Porous concrete is a simple form of lightweight concrete made by eliminating the use of fine aggregates (sand). That is a mixture of cement, water and coarse aggregate. Use of the guiding paving block porous for blind people is one of the efforts that will be made to overcome the inundation due to water spills from sufficiently high rainfall, providing comfort and safety for users so as not to slip easily due to slippery road surfaces, that will be used must have a measurable value of permeability and porosity to optimize the function of using porous concrete. Guiding paving block porous for blind people are very economical and have a great advantage in absorbing water so the surface is always dry, and can reduce accidents due to slippery roads. Another advantage is that the product is environmentally friendly with handmade, designed using a mixture of plastic bottle waste material can be made apart from the manufacturing process in various shapes and various colors. From the test results it has a strength of 10-15 mpa in the precast age of 28 days with a water absorption capability of up to 10L / m2.

porous; guiding paving; environmentally friendly; economical

THE IMPLEMENTATION OF VILLAGE FUND POLICY: A COMPARATIVE STUDY IN IMPROVING THE PUBLIC WELFARE IN TWO VILLAGES IN PATI REGENCY, CENTRAL JAVA

Djoko UDJIANTO, Abdul HAKIM, Tjahjanulin DOMAI, Suryadi SURYADI

This research attempts to describe and analyse the implementation process of Village Fund in two villages in Pati Regency, Central Java. This qualitative research was conducted in Tambakromo Village and Mojomulyo Village. The result shows that the implementation of Village Fund has been in accordance with the substance of rules that underlies the village fund policy, such as how to transfer the fund, the planning, the implementation procedure, the liability, and the monitoring of the village fund. However, in their participation in the implementation of village fund policy, the actors who have big roles in allocating the village fund were the internal bureaucracy actors. Meanwhile, the participation of the local community was low. Ideally, the local community should greatly participate starting from the planning step up to the monitoring of Fund Policy.

Implementation; Normative substance; Public welfare; Village fund policy

ACHIEVEMENT OF MANAGEMENT PERFORMANCE BUSINESS BANKING USING MEASUREMENT MODEL SYSTEM QUALITY MANAGEMENT CANADIAN AWARD FOR EXCELLENCE (SQMCAFE) CASE STUDY : PT. BANK Bjb (JABAR-BANTEN) Tbk. INDONESIA

Sri Widodo SOEDARSO

This is paper research case study to examines application the organization achievement measuring for Management Performance Business Banking company using Model System Quality Management Canadian Award For Excellence (SQMCAFE) comply with role and regulation international quality management standard of banking, with case study at Bank Jabar Banten Tbk. (PT. Bjb). The main objective of this research is identify, investigate and measurement of signification understanding the excellent of level capability and reliability quality management performance effect positively with seven (7) independent variables of SQMCAFE Model toward achievement of performance management business for banking firms.

System Quality Management; Bussines and Performance Of Banking

INVESTIGATING FINANCIAL PERFORMANCE OF LOW-AND HIGH-RATED ETFS DURING THE QE-TAPERING

Nikolaos GALATIS, Ekaterini NITSI, Chrysoula THELOURA

This paper investigates the financial performance of 37 low-rated and high-rated global ETFs during QE-Tapering. Weekly data are employed that cover the period from October 27, 2014 until September 24, 2018. The estimations are based on the well-known CAPM model. The measures employed are the Sharpe and Treynor ratios as well as the Jensen’s alpha, the beta and the a/b measures. Results indicate no existence of selectivity skills neither in low- nor in high-rated ETFs. It should be noted that low-rated ETFs exhibit bearish behavior whereas high-rated ones present bullish behavior. Thereby, one can see that high-rated ETFs are better able to outperform the market during periods of normalization of monetary policy after extra easing action taking has been terminated.

Beta; CAPM; selectivity skills; mutual funds; coefficient; Jensen’s alpha; Sharpe; Treynor

WORK FAMILY CONFLICT, RECOVERY EXPERIENCE, & EMPLOYEE’S WEEL BEING IN WORKING WOMEN (CASE STUDY OF NURSES IN INPATIENT DIVISION AT HOSPITAL IN BANDUNG)

Wiendy Puspita SARI

Work Family Conflict (WFC) often occurs in working women. This study discusses the influence of WFC on Employee's Well Being with Recovery Experience as a moderator variable. The purpose of this study are to analyze WFC, Recovery Experience, & Employee's Well Being for working women, and to find out the influence of WFC on Employee's Well Being directly or indirectly through Experience Recovery for working women. The method used was the survey method by giving questionnaires to 30 nurses in Inpatient Division at Hospital in Bandung. This study use Partial Least Square (PLS) to analyze the relation between variables. The measurements of WFC are work-family conflict & family-work conflict. The measurements of Recovery Experience are psychological detachment from work & verbal expression of emotions. The measurement of Employee's Well Being are psychological strain & life satisfaction.

work family conflict; recovery experience; employee's well-being; working women

COMPETITIVE ADVANTAGES OF INTERNATIONAL AIRLINE ALLIANCES: A CRITICAL REVIEW

Gang-Hoon SEO

Over the past several decades, airlines have formed and participated in international alliances to seek competitive advantages. However, it is still unclear whether airlines obtain substantial competitive advantages through an international alliance and how to measure the competitive advantages of alliances and airlines. This study presents a critical literature review as a contribution to comprehensive and novel empirical researches in the future.

Competitive Advantage; Airline Alliance; Airline

THE IMPORTANCE OF TEACHING ACTIVITY IN THE PROCESS OF COGNITIVE PROCESSING

Ana - Georgiana CĂLUGĂRESCU

Most young people have to adapt to society. More and more students have gaps in the communicative act, no real conditions about material or spiritual are known. More serious is that it is a very high percentage while it is dedicated to new technologies, while allocated it is being recreated in nature being increasingly reduced, reaching the final young people having problems adapting the place where they are in society. Building a connection between education and the environment, strengthening the connections between people and the influence of nature can have the physical health of the person but also mental health. Awareness of climate change for the last period and the desire for an opera can use phenomena that can be protected from the natural desert, produced more and more often.

changes; education; evolution; management

CONSUMER PREFERENCE OF PACKAGED RICE AND BULK RICE IN SURABAYA

Sri WIDAYANTI, Indra Tjahaja AMIR, Pawana Nur INDAH, Fanny SEPTYA

This study aims to analyse consumer preference on the attributes of rice and describe the comparison of performance of packaged rice and bulk rice in the eyes of urban consumer. The method of this study uses survey on 100 respondents chosen purposively. The primary data that is obtained is analysed quantitatively using the attitude multi-attribute model from Fishbein. Based on the analysis result, it is known that expiration clarity is a positive attribute in both packaged rice and bulk rice, followed by the ease of obtaining in the bulk rice, and the contents in the packaged rice. The attributes with positive value indicates the key factor that determine consumer’s assessment in choosing certain rice brand. From the semantic differential comparison, it is found that branded packaged rice is generally better in attributes compared to bulk rice. According to the results, the efforts to increase rice agro-industrial in local farmer level are recommended, so that they can enjoy the benefits of the multi-attributes attached in the branded packaged rice that they produced.

Rice; Preference; Multi-attribute; Fishbein

Journal no. 3 from 2019 - issue date: 12/2019

MANAGING AMBIDEXTERITY IN INTERNATIONALISATION OF SMES FROM AN EMERGING COUNTRY: A DYNAMIC CAPABILITY PERSPECTIVE

Anjar PRIYONO, Siti NURSYAMSIAH, Baziedy A. DARMAWAN

Ambidexterity is the ability of firms to undertake exploration and exploitation concurrently. Empirical evidence suggests that ambidextrous organisations are better able to manage the trade-off between flexibility and efficiency. Although ambidexterity has been the subject of many previous research studies, relatively little attention has been paid to how SMEs manage ambidexterity in an international market. A multiple case study research design was used to explore ambidexterity in two SMEs. The research utilised an inductive approach. SMEs adopt different strategies to manage ambidexterity. Larger SMEs, supported with more resources, can carry out exploration and exploitation simultaneously. By contrast, smaller sized SMEs must perform exploration and exploitation intermittently. In addition, the impacts of managers, resource flexibility, and network supports in managing ambidexterity are also discussed. This study suggests that managers of SMEs should consider resource availability and the characteristics of the international customers being served before designing a strategy for managing ambidexterity. This study contributes to the limited empirical evidence on how SMEs manage ambidexterity in international markets.

ambidexterity; small and medium sized‐enterprises; internationalization; dynamic capability; capability tensions; exploitation;

TRENDS OF CORPORATE MISSION STATEMENTS: FROM PURSUING PROFIT TO DISTINCTIVE AND SOCIAL VALUE

Gang-Hoon SEO, Munehiko ITOH

A mission statement has a significant meaning as the initial and essential step in a company’s strategic planning process. Previous studies have pointed out the necessity of monitoring and longitudinal study of corporate mission statements as they should be continuously revised against changes in companies’ strategies and business environment. This study aims to shed light on what types of strategies and values are currently highlighted in companies’ mission statements in comparison with the findings of a well-known previous study. Therefore, this study conducted a content analysis of 491 Fortune 500 companies’ mission statements. As a result, we found that “philosophy” is mostly highlighted and “profitability” is not emphasized in contemporary companies’ mission statements. Compared to the past study, these findings imply that there have been dramatic changes in the content of corporate mission statements. Besides, this study divided 491 Fortune 500 companies into two groups, high performers and low performers, according to their Fortune ranking and investigated significant differences between high and low performers using t-tests. The high performers were found to more often highlight “self-concept” and “public image” than low performers. However, the difference in mean scores between high and low performers has become smaller than in the past finding. In particular, there is no statistical difference in mission statement component numbers between high and low performers. These findings can provide further understanding about changes of companies’ strategic emphasis and the nature of corporate mission statements. This study provides a comparative insight for practitioners making company mission statements.

Strategic Management; Mission Statement; Fortune 500 companies; Content Analysis

THE EFFECT OF AUDIT TENURE, DISCLOSURE, FINANCIAL DISTRESS, AND PREVIOUS YEAR’S AUDIT OPINION ON ACCEPTANCE OF GOING CONCERN AUDIT OPINION

Annisa NURBAITI, Ni Putu Ayu Intan PERMATASARI

Going concern is about the survival of business entities, as well as a assumptions in financial statements of a business. When business entities experience conditions that are not supposed to be, the business entity is said to be in trouble. This research which aims to analyze the acceptance of going concern audit opinion using audit tenure, disclosure, financial distress, and previous year’s audit opinion with case study on mining sector companies listed in Indonesia Stock Exchange in period 2013-2017.. This research used quantitative methods, and the samples were taken by using purposing sampling technique. To analyze the effect of independent variables to dependent variable was using logistic regressions analysis by using IBM Statistical Product and Service Solutions Statistics version 23. The results of this research, financial distress and the previous year audit opinion variables have a positive direction towards the acceptance of going concern audit opinion. While the audit tenure and disclosure variables have no significant influence on the acceptance of going concern audit opinion.

Going Concern Audit Opinion; Audit Tenure; Disclosure; Financial Distress; Previous Year Audit Opinion

THE ANTECEDENTS INFLUENCING SHOPPERS’ FREQUENCIES OF VISIT AND PURCHASE INTENTION IN THE SHOPPING MALL: A STUDY ON THE PULL FACTORS

Amy Chu May YEO, Wei Seng ONG, Choon Ling KWEK,

The study aims to examine the perceived antecedents that influence the selection of shopping malls and determine the predictive nature of visit frequency that might lead shoppers to the intended purchase. Hence, the research question asked “to what extent the six determinants would most likely to affect shoppers frequency of visit to the malls and their purchase intention”. The method employed was positivist paradigm using questionnaires administering to young and adult respondents. A total of 200usable samples were used for the SPSS analyses. Several primary statistical tools were used such as descriptive analyses, reliability test, factor analysis, multivariate and bivariate regressions. The results revealed that all constructs reliability were above Cronbach alpha 0.70 and both the convergent and discriminant validities were met via the exploratory factor analysis. The finding concluded that convenience, tenant variety, functional attributes, hedonic value and promotion are positively related to the frequency of visit. In addition, frequency of visit is also positively related to the purchase intention. The finding of this research provided both theoretical and practical implications.

shopping malls, frequency of visit, purchase intention, Malaysia

THE IMPLEMENTATION OF E-BUDGETING POLICY IN REGIONAL GOVERNMENT (A CASE STUDY IN JAKARTA PROVINCE PROVINCE)

Ondy Asep SAPUTRA, Abdul HAKIM, Choirul SALEH, Ratih Nur PRATIWI

This research was conducted using the qualitative method so that the researcher can thoroughly and comprehensively elaborate on the phenomenon being studied. The research was focused on the process of e-Budgeting policy implementation in the government of Jakarta Province, as well as the supporting and obstacle factors of the process of e-Budgeting policy implementation in the Government of Jakarta Province. The process of e-Budgeting policy implementation is a part of the process of budget planning in the Regional Revenue and Expenditure Budget, therefore, the implementation process follows the APBD budgeting, which is started from the preparation of the General Budget Policies and Provisional Budget Ceiling and Priorities to the stipulation of the APBD. The implementation of the e-Budgeting policy is conducted to facilitate the effective and efficient establishment of APBD. The effectiveness of the e-budgeting policy implementation is influenced by the human resources capacity in the mastery of information and communication technology, budgeting politics, and the opposing interests of the executives and legislatures. The supporting and obstacle factors of the process of e-Budgeting policy implementation are in the factors of commitment and executives’ interests, coordination and communication between the executives and legislatures, competence and commitment of the legislatures, coordination and competence of the OPD, as well as the factor of law. Additionally, the allocation of budget by the executives in the discussion of RAPBD, beside the inadequate planning in the initial preparation, there are also attempts to prioritize interests. Meanwhile, the issues in the SKPD in planning the budget based on working achievements, as mandated in the RKA-SKPD, is actually still related to the competence of the SKPD.

Policy implementation, E‐budgeting, Regional government

STARBUCKS IN THE WORLD

Hui-Jung CHUANG

Many young people want to work in coffee shops or even open coffee shops, so they set off a wave of entrepreneurship, but according to a survey by the world magazine, Entrepreneurial momentum is strong in Taiwan, and the proportion of entrepreneurship is higher than that of the United Kingdom, Singapore, South Korea, and Japan, second only to the United States, but Taiwan’s entrepreneurial “death rate” is also significantly higher than these countries. According to the information of the chief accounting office, Taiwan’s entrepreneurship rate was far greater than the rate of business closure before 2000, but after 2000, the chances of successful entrepreneurship fell sharply.Also, many people are used to sipping a cup of coffee in the morning to start a good day. In recent years, the coffee market has developed rapidly in Taiwan, and convenience stores have launched promotional advertisements for cheap coffee. However, we have found that Starbucks, a high-priced coffee brand, has not joined the ranks of cheap coffee. They still maintain their high price and high quality. The most important thing is that we did not see Starbucks ads on any TV commercials or print media. Why did Starbucks not use advertising, but still stand in front of the coffee market? Starbucks products often seem as a luxury. The most common cup of American coffee costs NT$100,whereas a cup of coffee at the convenience store costs only NT$45. Why are so many people willing to pay twice the price? The main reason is the quality and service of Starbucks. Enter into Starbucks, customers can order the beverages without the ice and full of milk, or anything which you want. Customers also enjoy free WIFI in the store, provide mobile phone charging or laptop socket, the staff will serve you with the most enthusiastic attitude. The brand advertise that as long as you ask for what he can do, the partners will meet your needs. In addition, Starbucks products are quite diversified, attracting a large number of consumer groups. From high-quality coffee, decaffeinated beverage juices and Frappuccino, to localized tea drinks in the Greater China region, the needs of every guest are met. Apart from the food, it also sells coffee makers, coffee beans, trendy mobile phone cases that are popular among young people, mobile power supplies, CDs in the store, and mugs and accompanying cups for various themes.

entrepreneurship, prices, high‐quality services

INFLUENCE OF SYSTEM QUALITY, INFORMATION QUALITY, SERVICE QUALITY ON USER ACCEPTANCE AND SATISFACTION AND ITS IMPACT ON NET BENEFITS (STUDY OF INFORMATION SYSTEM USERS LECTURER PERFORMANCE LOAD (BKD) IN MALANG STATE UNIVERSITY)

Rini WIDIASTUTI, Bambang Santoso HARYONO, Abdullah SAID

This study aims to examine the influence of system quality, information quality, and service quality of the lecturer at Malang State University. This study will also investigate the effect on user satisfaction and its impact on net benefits for users of UM Information System Expenses. This study applies a modification of the information system success model from DeLone& McLean. The model is analyzed by modeling the Structural Equation Modeling (SEM) based on components or variants (component based) that are popular with Partial Least Square (PLS) using SmartPLS version 3.2.8. The results of this study are expected to be adopted as input and consideration in developing, improving, and improving the performance of the UM BKD information system. The research design used in this study is quantitative research. Respondents in this study were 93 UM PNS lecturers who were actively teaching. The questionnaire was online distributed by accessing the page provided. The results showed that there was a positive but not significant effect between system quality, information quality, and service quality on the use of the BKD system. However, there is a positive and significant influence between system quality, information quality, and service quality on the BKD system user satisfaction, between the uses of the BKD system on net benefits, and between the satisfaction of the BKD system users on net benefits. The implementation of BKD UM information system can be declared successful because there is a positive correlation between variables.

DeLone McLean Model, Information System, System Quality, Lecturer Performance Load, PLS‐SEM

THE CONTROVERSY OF THE AMENDMENT OF ANTI-EXTRADITION IN HONG KONG-THREAT TO THE PEOPLE OF HONG KONG

Yu-Han CHEN

The purpose of this article was to analyze the amendment of Fugitive Offenders Ordinance & Mutual Legal Assistance in Criminal Matters Ordinance, which caused widespread controversy in Hong Kong recently. This amendment stemmed from a murder case that occurred in Taiwan, which led the Hong Kong government to decide to fill the legal loopholes in the extradition law. The amendment abolished the prohibition of extradition of China and made the fundamental changes to the vetting procedure for extradition. However, based on the question to the judicial environment in China and the unequal relationship between Hong Kong and China, many Hong Kong people believed that the amendment would seriously threaten their personal safety. The amendment mattered important because people it affected were not only Hong Kong citizens, but also foreigners staying in Hong Kong. And as an important international financial center, the influence of Hong Kong couldn’t be underestimated. Therefore, the amendment had triggered a high degree of international concern. This article will analyze the contents of the amendment and the supports and the oppositions to clarify the dispute and discuss whether the amendment is good or bad.

Hong Kong; Extradition; Amendment

IMITATION VS INNOVATION: IS THERE AN ALIGNMENT BETWEEN SUPPLY CHAIN ORGANIZATIONAL LEARNING AND ISLAMIC HRM PRACTICES?

MUAFI, QUROTUL UYUN

This research emphasizes on the importance of having an alignment of organizational strategy (innovation and imitation) with supply chain organizational learning, and Islamic HRM practices toward Batik MSMEs performance in Pekalongan, especially environmental, social, and religious performance. The population of this research is Batik MSMEs in Pekalongan, Central Java, Indonesia. Pekalongan is known as the City of Batik and has religious society that can live in peace although they live side by side with different religion and ethnicity. The respondent of this research is Batik MSMEs owner/manager in Pekalongan City that is counted using purposive sampling technique about 170 respondents. The statistic technique is using Euclidience Distance Regression. After organizational strategy being tested separately, it is proved that there is an alignment between organizational strategy both innovation and imitation with innovation organizational learning and imitation organizational learning. There is also an alignment of organizational strategy both innovation and imitation in innovation Islamic HRM Practices and conservative Islamic HRM Practices. The theoretical implication in this research provides a theory contribution about the importance of alignment of organizational strategy with the contingency of supply chain organizational learning and Islamic HRM practices. The managerial implication is that while improving organizational performance, organization needs to have practical policy in the alignment of organizational strategy with the contingency of supply chain organizational learning and Islamic HRM practices.

Supply Chain organizational Learning, Islamic HRM practices, Organizational Strategy, Organizational Performance

MIGRATION AND GLOBALIZATION: CITIZEN JOURNALISM AND IMMIGRATION POLICIES

Sorinel Ionel VASILCA, Ella Magdalena CIUPERCĂ, Madlena NEN

International migration represents one of the most important aspects of globalization that contributes to the evolution and transformation of our lives. In 2000, as the United Nations reports showed, approximately 175 million people lived outside their native country for more than 12 months, a number that doubled with respect to the reference year 1975. This means that there are more and more “clashes” between people around the globe, involving greater responsibility for states in integrating the “moving” society. The public perception is continuously impacted by the migration phenomenon in its different aspects, but the effects are highly dependent on the communities’ social, cultural and religious pre-determination. In this respect, our paper aims to analyse the reflection of the traditional values of the host society to the individual perceptions on immigration, as expressed in various social media. In our view, in order to maximize the success potential of the public policies adopted by the host states in the field of immigration, these must be tightly correlated with the traditional social values, as observed in the real context, and also closely follow the evolution of these values, as expressed in the digital space. For this purpose, we will compare the social media and real life to show differences and resemblances of the attitudes towards the immigrants who might come in Romania from Middle East.

migration, social media, labour market, integration, public policy, social reaction

THE ANALYSIS OF MARKETING PERFORMANCE IN YOGYAKARTA SMEs

Lusia Tria Hatmanti HUTAMI, Ignatius Soni KURNIAWAN

The general concept of this research is to elaborate on the specific aspect of the marketing performance point of view that has been used by exported SMEs business in a region in Indonesia called Yogyakarta. The aim of this research to analyze the relationship between innovation orientation, marketing communication orientation, international marketing, and marketing performance.The methodology of this research used path analysis, purposive sampling used in this research which only exported product of SMEs business met the criterion. The result showed that only the direct relationship between innovation orientation and marketing performance was not supported. It strengthens international marketing as a mediator between innovation orientation and marketing performance. Innovation orientation toward international marketing was accepted with path coefficient and international marketing toward marketing performance was accepted with path coefficient. Meanwhile, the strongest path coefficient showed by marketing communication orientation. It means that the successful marketing performance needs an excellent marketing communication strategy to ensure the delivery of adding value to the customers by each SMEs business.

innovation orientation, marketing communication orientation, international marketing, marketing performance, Small and Medium En

Journal no. 2 from 2019 - issue date: 08/2019

PERFORMANCE EFFECTS OF PRIVATISATION: AN EMPIRICAL ANALYSIS OF TELECOMMUNICATION COMPANIES IN GERMANY AND ROMANIA

Andreas BARTELS, Pablo WEISS

The privatisation of state-owned companies is still on the agenda of many governments worldwide. One often stated goal in the privatisation process is the increase of efficiency of the company. The question is which factors do lead to an increase in efficiency and performance of a privatised company. Where are the fundamental differences between public and private companies in this respect? One goal of this paper is also to determine if other or additional variables influence the efficiency of privatised companies in transitional countries -in contrast to developed economies. Based on the research literature, a model was developed that displays all major forces and effects in the privatisation process. Two case studies of telecommunications companies in Germany and Romania are utilised to verify the model. It is expected that privatisation will lead to an increase of efficiency, but that the main thrust derives from competition. Regulation and organisational change will typically also increase the efficiency of the company. The variables “laws and policies” and “economic condition” are of special importance for privatisations in transition economies.

Privatisation; competition; regulation; organisational change; efficiency

INVESTOR BEHAVIOR BASED ON PERSONALITY AND COMPANY LIFE CYCLE

Elizabeth Lucky Maretha SITINJAK, Kristiana Haryanti, Widuri KURNIASARI, Yohanes Wisnu Djati SASMITO

This study aims to ensure that the behavior of individual stock investors has the best pattern in accordance with the existing personality, and see the business cycle starting from introduction, growth, maturity, decline in LQ-45 from the proxy of operational cash flows, investment cash flows, and funding cash flows. This study uses the Analytical Hierarchy Process (AHP) method to see what behavior tends to be used in carrying out shareholding transactions. The results of this study create a behavior model of individual stock investors. Individual stock investors in Indonesia tend to have precision personality types in making stock transaction decisions. This type is a dominant combination, stability, and compliance. The model of individual stock investor behavior starts from making a price target; has a relationship between investors to exchange information related to shares monitored; valuation of shares to be transacted. In addition, the behavior of individual stock investors tends to have accounting information and corporate environmental concerns. Behavioral model Individual stock investors who already have two years or more experience in stock transactions, will have a unique pattern of technical analysis and their own fundamental analysis.

Investor Behavior; Decision Model; Personalities precisionist; Company life cycle

NLP TΟΟLS AND PRΟСЕSSЕS OF MΟTІVATІΟN

Bοgdan - Αlехandru FURDUЕSСU

Nеurο-lіnguіstіс prοgrammіng (іntеrnatіοnal aсrοnym: NLP) іs a spесіal apprοaсh tο undеrstandіng thе сοmmunісatіοn prοсеss, trіggеrіng an attіtudе οf сurіοsіty, passіοn and dеdісatіοn іn studyіng thе ways οf іmprοvіng and dеvеlοpіng thе bеhavіοr οf human bеіng, bеіng nοt οnly an еffiсіеnt systеm fοr stіmulatіng spіrіtual еvοlutіοn and іnсrеasіng spіrіtual harmοny, but alsο a grеat іmpеtus fοr сhangіng mеntalіtіеs at thе sοсіal lеvеl. alsο, іt prοvіdеs many usеful mеans tο dеal wіth thе rеal prοblеms οf tοday’s managеmеnt and lеadеrshіp. Hοwеvеr, thе іnfοrmatіοn abοut NLP prеsеntеd іn thе papеr shοuld nοt bе іntеrprеtеd as thеrapеutіс іndісatіοns, but thіs dοеs nοt mеan that іt may bе сοnsіdеrеd unnесеssary.

tοοls; mοtіvatіοn, NLP; prοсеssеs

ABID CONCEPT IN THE EFFECT OF FINANCIAL POLICY ON FIRM VALUE

Tri PURWANI

The main aim of this research is to test the effect of financial policy on firm value. The research question developed in this research is how the effect of financial policy on firm value by using the concept of ABID? Based on the purpose sampling method there are 26 companies which distribute the dividends successively, so that 26 samples are obtained. Structural equation model with partial least square analysis tool is used to prove empirically the effect of each variables and the hypothesis testing. The findings of the study show that investment decisions have negative effect on dividend policy, but not significant. Investment decisions have significant positive effects on funding decisions and firm value. Dividend policy has significant positive effect on funding decisions and firm value. Funding decisions significantly influence the firm value positively. The results of this study reject the pecking order theory.

financial policy; firm value; Tobin’s Q

INTERDISCIPLINARY GROUPS PERCEPTION ON IMPACT OF TECHNOLOGY: A STUDY IN PETRO-CHEMICAL SECTOR

Amit KUNDU; Ramanuj MAJUMDAR

In today's competitive business environment firms who can afford to invest on superior technology are in general found to be more efficient. In technology driven industries companies tend to encash upon the benefits of the superior technology, engage in continuous innovation and invest in R&D to gain competitive advantage. Notwithstanding this phenomenon, adoption of superior technology by any industry is extremely challenging. Even, Small and Medium size Enterprises (SMEs) in a developing country are often incapable of adopting the latest technology. Because they are expensive and moreover it leads to disruption to the traditional way of doing business and even different managerial functions differ on the adoption of technology. This research paper collected perception regarding impact of technology by three broad managerial functions such as Operations, Marketing, Product development & Innovation of a large Petrochemical company. With the help of Conjoint Analysis, Part worth and Ideal Achievement Index (AI) have been estimated. These estimates enable us to assess the perception of three inter disciplinary managerial groups regarding impact of technology on the downstream units (nearly 500 companies) of a Petro -Chemical Company in India.

Technology, Achievement Index, Small and Medium size Enterprises (SME), Petro-chemical Industry

ANTECEDENT AND IMPACT OF PROCRASTINATION ON PUBLIC SECTOR

Astuti SIH DARMI, Ingsih KUSNI

The purpose of this study is to create a model of the procrastination on Public Works Office of Semarang City, Central Java. The increasing need for excellent service in the field of building and city planning, is increasingly increasing the workload for employees. The large number of community complaints about old problems and the difficulty of licensing and information and developer problems are important factors in performance appraisal. Factors that cause the length of processing of permits include lack of professionalism of civil servants in carrying out tasks and tend to like to postpone work. Based on the complaint, it is necessary to analyze what causes procrastination and how it impacts the agency. The population in this study were civil servants, with a sample of 111 people. Data obtained by survey method using a questionnaire. The analytical tool used is multiple linear regression analysis. The study found that workload and educational level had an impact on procrastination. Procrastination affects stress and employee performance. Workload is the strongest influence affecting procrastination, which has a direct impact on employee performance. While stress does not mediate the relationship of procrastination on employee performance.

educational level; workload; procrastination; stress; employee performance

HIGH-SPEED RAILWAY AND REGIONAL ECONOMIC GROWTH: A CASE OF BEIJING-SHANGHAI HIGH-SPEED RAILWAY

Yonghong CHEN

The development course of high-speed railway indicates that it not only changes the composition of traffic modes when competing with other modes of transportation, but also plays an important role in spurring the economic growth of the cities along the line and the evolution of regional spatial structure. Taking Beijing-Shanghai high-speed railway as an example, this paper constructs the first-level panel data of the cities along the Beijing-Shanghai high-speed railway and its surrounding cities from 2007 to 2016, and uses the difference-in-differences estimation to study the impact of high-speed rail opening on economic development. The research results show that it has significantly jump-started the economy of cities along the line. The Beijing-Shanghai high-speed railway will become a crucial axis for regional economic development along the Beijing-Shanghai railway, as it has remarkably advanced the economic development of the cities along the route.

economic growth; high-speed railway; difference-in-differences

LINKING JOB EXPECTATION, CAREER PERCEPTION, INTENTION TO STAY: EVIDENCE FROM GENERATION Y

Handayani NURINA PUTRI, Herwany ALDRIN

As the level of turnover rate in present-day banking industry continues to increase, one of the causes is a gap between expectations and perceptions of employees in the workplace. Employees have assessed their future career lives based on their estimation during job searching process. They already have expectations for the workplace by seeking information from various sources about the company as well as the job or position. The aim of this research is to study the relationship between job expectations and career perception, and how it impacts an employee’s intention to stay. The data were collected from 324 Gen Y respondents who work in public banking. The correlation test demonstrates that job expectations has strong impact on career perception. This study also finds that there is positive effect of career perception and intention to stay.

Job Expectation; Career Perception; Intention to Stay

CYBER SECURITY

Rohit KALAKUNTLA, Anvesh Babu VANAMALA, Ranjith Reddy KOLIPYAKA

Cyber Security accepts a vigorous role in the area of information technology. Safeguarding the information has become an enormous problem in the current day. The cyber security the main thing that originates in mind is 'cyber crimes' which are aggregate colossally daily. Different governments and organizations are taking numerous measures to keep these cyber wrongdoings. Other than different measures cyber security is as yet a significant worry to many. This paper mostly emphases on cyber security and cyber terrorism. The significant trends of cyber security and the consequence of cyber security discuss in it. The cyber-terrorism could make associations lose billions of dollars in the region of organizations. The paper also explains the components of cyber terrorism and motivation of it. Two case studies related to cyber security also provide in this paper. Some solution about cyber security and cyber terrorism also explain in it.

Cybersecurity; cyberspace; cyber terrorism; Information security

TOTAL QUALITY MANAGEMENT PRACTICES IN INDONESIAN LOCAL SME: UNDERSTANDING THE EMPLOYEES ROLE

Safitri LAMSAH, Zakky ZAMRUDI

Understanding the schemes of Small and Medium Enterprises (SME’s) managerial capability is becoming important aspects today. Implementing proper strategies and internal policy may create a significant change in SME’s performance. Total Quality Management (TQM) has been being a one of specific measurement on organizational performance. This research was proposed to understand the factor that can affect the TQM’s performance in SME’s by identifying the two factors that can change it. Based on the recent studies, the developed model was employed PLS-SEM to analyze the data by total respondent 95 respondent consist of owner and manager. The sample was taken in the area of Sasirangan SME’s in Banjarmasin, Kalimantan Selatan province, Indonesia. Sasirangan is a local fabric developed by its ancestor. The population of Sasirangan SME’s was huge in amount. The results of these studies indicate that both motivation and employee performance can increase the TQM in the SME’s which one of them has a more significant effect. The complete description of finding in this research will be discussed in this research.

TQM, job performance, SME, PLS, Sasirangan

RELATIONSHIP BETWEEN ECONOMIC GROWTH AND SO2 EMISSIONS - BASED ON THE PSTR MODEL

Ke WU

In this paper, we used the panel smooth transition model (PSTR) to study the nonlinear relationship between sulfur dioxide emissions and economic growth in the three regions of China's eastern, middle and western regions, based on panel data from 31 provinces and autonomous regions in China from 2005 to 2017.And calculated the elasticity of the impact of total export-import volume and urbanization rate on emissions. The empirical results indicate that economic development and sulfur dioxide emissions are positively correlated in the three regions of East, Middle and West. In the eastern region, when the economic scale is lower than the threshold value, it has a negative impact on SO2 emissions; but when it is higher than the threshold value, it has a positive impact on SO2 emissions, and the smoothing rate between the two regime is slow. The per capita GDP in the middle and western regions is weakly positively correlated with SO2 emissions. When the economic scale reaches the threshold value, its positive impact on SO2 emissions will increase, and economic development will further increase emissions.

Sulfur dioxide emissions; Economic growth; PSTR; Nonlinear

THE IMPLEMENTATION OF POLICY FOR THE APPOINTMENT OF GOVERNMENT EMPLOYEES WITH WORK CONTRACT IN NEW STATE UNIVERSITIES (A STUDY IN BORNEO TARAKAN UNIVERSITY)

Tri SUSILO, Bambang Santoso HARYONO, Ainul HAYAT

This research investigated the implementation of policy for the appointment of lecturers and education staffs in Borneo Tarakan University as government employees based on work contract. One of the attempt made by the government to evenly provide higher education access throughout Indonesia was by converting several private-owned universities into new state-owned universities. The policy explained that all properties, students, rights and obligation which had been under private institutions’ responsibility were then transferred to the government. However, this policy excludes the transfer of employees who work in the universities. The policy also mentions that all staffs are required to carry out their regular works until new regulations are released. Unfortunately, this policy often led to issues regarding the certainty of employee’s status at work as. After going through a complex process, Presidential Regulation Number 10 of 2016 has been released, in which it is stated that all lecturers and education staffs are appointed as government employees based on work contract. Despite the release of this regulation, until the time this research was conducted, the appointment had not yet been carried out. This descriptive qualitative research has revealed that the policy has not yet been well administered in Borneo Tarakan University due to some problems.

Government employees based on work contract, New state-owned universities, Borneo Tarakan University

CRYPTOCURRENCY: ADOPTION EFFORTS AND SECURITY CHALLENGES IN DIFFERENT COUNTRIES

Suhag PANDYA, Murugan MITTAPALLI, Sri Vallabha Teja GULLA, Ori LANDAU

This research paper is a holistic review done on the rise of Blockchain and cryptocurrency, then elaborate about the great advantages of having a decentralized finance system. The existing scenarios from a sample of countries were reviewed in regards to their effort to adopt cryptocurrency to find some of the challenges like what are the security challenges this new monetary system faces, and limitations faced by different countries. A detailed analysis was done to answer some of the vital questions as such why cryptocurrency is banned in a few countries when other countries see cryptocurrency as a secured mode of payment transaction or what kind of security is provided by cryptocurrency compared to the traditional payments such as pay by cash, credit, or checks. Lastly, this paper also summarizes a high-level overview to propose recommended solutions to overcome the security concerns associated with the adoption of cryptocurrencies and how does the future of cryptocurrency look.

cryptocurrency, Blockchain, cybersecurity

PERSPECTIVE MERIT SYSTEM ON PLACEMENT REGULATION OF HIGH LEVEL OFFICIAL CIVIL SERVANTS (A CASE STUDY OF PLACEMENT CIVIL SERVANTS IN LOCAL GOVERNMENT ON PALEMBANG)

Andy Fefta WIJAYA, Rizki KARTIKA, Soesilo ZAUHAR, Mardiyono MARDIYONO

Meritocracy is a contingent concept that depends on what people consider to be good in society. This research conducted shows that the principles of high-ranking officials of civil servants, especially in the local / city government. Therefore, need a new regulations for perspective placement, in order to minimize political and subjective interests in the field. Method of the research used a qualitative approach, qualitative inquiry. This method was chosen because researchers want to obtain a complete and holistic the phenomenon that occurs in this research. Researchers used a spiral data analysis model more suitable to do than a linear analysis model. Result of this study showed the community or public in general does not care too much about who becomes an official within the local government. The community or public in general are more focused on the figure of the Regional Head who is the leader in the local government and responsible for the public services. The Regional Head will change periodically, which results from a complicated political negotiation process. Therefore, these high officials, regardless of who the Regional Head is, must be the best officials resulting from a good selection process. The application of the merit system in the regulation of the placement of high-ranking officials of civil servants is a necessity and a joint task of all parties, including the community itself.

Civil servants, Local government, Meritocracy, Politic, Regional Head

Journal no. 1 from 2019 - issue date: 04/2019

ROLE OF FINANCIAL INCLUSION TO STABILITY: THE CASE OF INDONESIA’S SHARIA BANKING

Estu WIDARWATI, Pindy Kurnia SARI, Nunik NURMALASARI

Public access to the services of financial institutions determines the revenues amount of financial institutions. The growth of bank account helps banks to manage the financing service that provides for the community. This study examines the relationship of financial inclusion and financial stability, especially in Indonesia’s Sharia banking. Financial inclusion defined as community access to financial services which peroxided by deposits, while the financial stability of Sharia banking is measured by Non Performing Financial (NPF). Samples include financial data of 5 sharia banks during the study period from 2011 to 2016 were analyzed using classical assumption test and regression test. The results of study found that the deposits as proxy of financial inclusion had a positive effect to stability of financial.

Financial inclusion, Financial Stability, Sharia Banking

INTERPRETATION OF THE CONCEPT OF “DISCOUNT” IN TECHNICAL WORKS TENDERS

Pavlos METALLINOS

The text deals with the concept of the discount submitted by a candidate contractor tendering for a public works project. In accordance with prevailing conceptions, the quantity of the discount is perceived as being the amount of monetary compensation the candidate building contractor is willing to forgo for the sake of emerging as the winner of the tender. The text argues on the contrary that the discount is an objectively measurable magnitude. Specifically it is equal to the algebraic difference of the absolute surplus value that could be appropriated by the public works contractor minus the quantity of relative surplus value by virtue of which he is able to recoup the amount of discount submitted in the tender.

Discount, Public Works, Surplus value, contract

NO GUTS, NO GLORY: PROMOTING ECONOMIC INDEPENDENCE OF BROWN SUGAR FARMERS THROUGH CO-OPERATIVE

Novita PUSPASARI, Yudha ARYO SUDIBYO

Banyumas regency is the largest producer of brown sugar in Indonesia. One location which produce brown sugar is in Ketanda Village. Unfortunately, most of brown sugar farmers have been trapped to bad middlemen for decades since they are lack of capital and market access. The farmers pay debt to middlemen with their sugar then the price is determined by the middleman. Moreover, middlemen buy brown sugar in much lower price than the market price. Both the buying price and the debt scheme determined by the middlemen are unfair to brown sugar farmers. This research used action research method. In the first step of action research, diagnosis, it was found that brown sugar farmers need an institution which can facilitate them to be free from middlemen, strengthen the farmers community, and also develop their business model. Therefore, the intervention made by gathering local actors and they committed to build a cooperative. There are two implications from this study. First, this study will enrich literature in cooperative as a social enterprise which has a main goal to manage social problem. Second, if successfully implemented, the cooperative model can be replicated in other regions to manage the same social problem, thus farmer’s economic independence will be achieved.

Cooperative, Farmer, Middlemen, Social Enterprise, Action Research

EVALUATION OF THE CONCEPTUAL THEORIES, ELEMENTS, AND PROCESSES OF KNOWLEDGE MANAGEMENT IN MODERN DAY ORGANISATIONS

Helen Eboh CLETUS

The objective of this paper is to evaluate the conceptual theories, elements, strategies along with the prospects and challenges of knowledge management (KM). The findings indicated that KM is a complex yet important process that requires organisations to create, process, disseminate and apply of knowledge. The findings also revealed knowledge is one of the most valuable resources of any organization. Therefore, effective KM is critical to the growth, performance, and survival of organisations. Furthermore, the many definitions of KM serve as a theoretical framework and empirical basis for multidisciplinary applications and prospects for organisations. Furthermore, the proper adoption and implementation of KM provides a systematic management approach for organisations to create, store, disseminate and apply knowledge critical to organizational performance and decision-making processes. Furthermore, KM can minimize the time, operational costs and material losses during product design, lifecycle, and quality assurance. Despite its merits, KM has numerous challenges. Most notable is the lack of an acceptable definition and understanding of KM concepts and practices. This can result in poor adoption and implementation thereby affecting sustainable organisational growth and development. Therefore, the paper concludes that KM adoption and implementation is critical to organisational goals, growth and performance.

Organisation, Commitment, Performance, Knowledge, Management

THE COMPARATIVE METHOD FOR POLICY STUDIES: THE THORNY ASPECTS

Tatiana-Camelia, DOGARU (CRUCEANU)

Over the past decades, the comparative method has attracted the attention of the theorists, and studies based on this approach have increased in applied policy research. In their daily and strategically policy decisions, the decision makers from local, regional and national levels use more and more the comparative research methods, especially due to interlinked relationship and the need for bench learning and benchmarking practices. The comparative method allows the actors to analyse other experiences, and thus to take decisions more efficient. This is a normal, an inevitable situation, when the unit of analysis is a country, a field of matters or a process where researchers compare cases from empirical or theoretical point of view. The purpose of this paper is to provide a critical view on the capacity of comparative method to foster knowledge in policy studies. The intention is to see and to explore the utility of comparative method for policy studies and policy analysis, since a new approach “evidence-based policymaking” arise, emphasising the importance of using evidence from other political and policy systems.

comparative method, policy research, methodology in administrative science, policy system

THE EFFECT OF VISUALIZATION AND COMPLEXITY TASKS IN INVESTMENT DECISION MAKING

Luciana S. ALMILIA, Nurul H. U. DEWI, Putri WULANDITYA

This study examines the effect of visualization level and level of assignment complexity on investment decision making as measured by level of accuracy, level of confidence and calibration level. This research uses experimental method. The experimental method in this research is 2x2 (mixed design) include: (1) Level of visualization (high and low) and (2) Complexity of task (high and low). The dependent variable in this research is the level of accuracy, level of confidence and calibration level. Data analysis technique used in this research is independent sample t-test. Participants in this study are students of Accounting Undergraduate Program in one Private University in East Java. The total participants in this study were 103 people, but only 77 participants who passed the check manipulation and can be analyzed further. The results of this study indicate that the visualization effect in decision-making has an effect only when decision makers receive assignment with low complexity of assignment. The results of this study indicate that the effect of the complexity of the assignment influences both decision-making as measured by the level of accuracy, level of confidence and calibration level.

visualization effects, effects of task complexity, level of accuracy, level of confidence, calibration level

ON THE RELATIONSHIP BETWEEN INTRA GROUP CONFLICT AND GROUP PERFORMANCE: EVIDENCE FROM TELECOM SECTOR OF PAKISTAN

Muhammad NASEER, Haleem, FAZAL

The current study investigates the link between Intra Group Conflict (Task Conflict, Relationship Conflict) and Group Performance of the employees in the Telecom sector of Pakistan. Employees’ performances are improved by harmony, friendly environment and lack of conflict in an organization. To find out the practicality of these assertions, 200 questionnaires were distributed among employees of five main mobile telecom companies namely Telenor, Mobilink, Ufone, Zong and Warid at their head offices. 122 questionnaires were received back that resulted in 61% response rate. The paper addressed the extent of employees’ perception about Task Conflict and Relationship Conflict in their groups and also investigated that how these types of Intra-group conflict were linked to the overall performance of their groups. A theoretical model was developed to test these hypotheses. For the measurement of intra group conflict (Task conflict, relationship conflict) and group performance two valid and reliable instruments were used. Furthermore for analysis of these data Correlation and regression were used. The result of the study showed significant positive relationship between task conflict and group performance. However, negative association was found between relationship conflict and group performance. At the end, conclusion, limitations, and future research bearings are likewise highlighted.

Conflict on task, Conflict on relationship, Group performance, Telecom sector

THE POLITICAL PROCESS IN THE PREPARATION OF PUBLIC POLICY A CASE STUDY ON THE PREPARATION OF THE CONSTITUTION OF OIL AND GAS IN THE REPUBLIC OF INDONESIA’S HOUSE OF REPRESENTATIVES

Julizar IDRIS, Abdul HAKIM, Sarwono SARWONO, Bambang Santoso HARYONO

Public policy formulation as a political process is a dynamic formulation of policies involving many actors, ranging from the executive, legislative, academic, to non-governmental organizations. The purpose of this study was to find out the political process of drafting the Oil and Gas Law and determine the model for the formulation of the Oil and Gas Law in the Republic of Indonesia’s House of Representatives. This research method uses a qualitative approach, through observation, in-interview techniques and documentation of secondary data in the process of collecting data. Data analysis using the Interactive Model method by Miles & Huberman's. The results of the study indicate that the political process of drafting the Constitution of Oil and Gas takes place in the following stages: planning, drafting and discussion. Politically, the planning of the Constitution of Oil and Gas comes from several sources: (1) the bill from the President; (2) the bill from the House of Representatives; and (3) the bill from the Regional Representative Council.The long political process in the public policy formulation in the House of Representatives starts from the process of inventorying input from factions, commissions, and the public to be determined as a Legislative Body decision, then the decision is to be consulted with the Government; afterwards, the results of the consultation are reported to the Plenary Session to make the decision.

Oil and Gas Law, Political process, Public policy, Republic of Indonesia’s House of Representatives

TRANSFORMATION OF HIGHER EDUCATION: A STAKEHOLDER PERSPECTIVES IN PRIVATE ISLAMIC HIGHER EDUCATION INSTITUTION (IPTIS) IN MALAYSIA

Hadijah AHMAD

The mushrooming of private higher education institution in Malaysia is not new. To date, there are 391 private institution registered under Malaysian Qualification Agency (MQA) and there are 11 private Islamic higher education served on the basis of providing religious content of curriculum along with the academics line. Most of the private Islamic higher institution has catching up with the trends when they transform the status from college to university college, making the transformation absolutely essential. The transformation however, bring the nerved of urgency to change the institution, thus in order to transform, the institution should take immediate action by improve the areas mentioned by participants. The study carried out to explore and find a specific variable on transformation particularly as perceived by various stakeholder in one of the Private Islamic Higher Education Institution in Southern Malaysia. There are 24 stakeholder involved in the structured interview session. The findings served substantial information for the administrator particularly for the whole institutional stakeholders to transform in the four areas of improvisation as excerpt from the participant. The findings delineates the reputation of the institution as well known Islamic Higher Institution in the state and it explicates the areas of improvisation for the institution transformation.

Transformation, Islamic institution, stakeholder

NLP MЕTHODS OF MOTІVɑTІON: MЕTɑPROGRɑMS ɑND RЕFRɑMІNG

Bοgdɑn - Αlехɑndru FURDUЕSСU

Pеoplе ɑrе thе most іmportɑnt ɑssеt сɑtеgory thɑt ɑn orgɑnіzɑtіon сɑn usе; nonе of thеm сɑn ехіst wіthout thе humɑn rеsourсеs thɑt mɑkе іt up. Howеvеr, pɑrɑdoхісɑlly, thеy ɑrе ɑlso thе only ɑssеt thɑt сɑn ɑсt ɑgɑіnst thе goɑls of thе orgɑnіsɑtіon. From thе sɑmе pеrspесtіvе, now, pеoplе сɑn сhoosе whеrе to work or lеɑvе іf thеy fееl no plеɑsurе ɑnymorе. Thosе who wɑnt to іmprovе thеіr lіvіng stɑndɑrds ɑnd rеɑсh ɑ bɑlɑnсе іn thеіr profеssіonɑl lіfе wіll dесіdе to lеɑvе thеіr јob іf іt іs no longеr sɑtіsfɑсtory. A vеry іmportɑnt іssuе іn thе dɑy-to-dɑy ɑсtіvіty of mɑn іs thе motіvɑtіon hе/shе fееls for whɑt hе/shе іs doіng. Motіvɑtіon іs ɑ gеnеrɑl tеrm thɑt dеsсrіbеs thе proсеss of іnіtіɑtіon, orіеntɑtіon ɑnd mɑіntеnɑnсе of physісɑl ɑnd psyсhologісɑl ɑсtіvіtіеs, іs ɑ broɑd сonсеpt thɑt іnсludеs ɑ sеrіеs of іntеrnɑl mесhɑnіsms, suсh ɑs: thе prеfеrеnсе gіvеn to onе ɑсtіvіty ovеr othеr ɑсtіvіtіеs, thе еnthusіɑsm ɑnd thе forсе of ɑ pеrson’s rеɑсtіons, thе pеrsіstеnсе of somе orgɑnіzеd ɑсtіon pɑttеrns (modеls) to ɑсhіеvе rеlеvɑnt obјесtіvеs.

mеtɑprogrɑms, motіvɑtіon, mеthods, NLP, rеfrɑmіng

THE CONGRUENCY BETWEEN SELF AND BRAND

Nonik K. NINGRUM, Sri AYEM

The purpose of this study was to investigate the relationships between actual self congruence, brand attachment, brand involvement, and brand loyalty. This study applied quantitative explanatory research. Purposive random sampling was used as sampling technique. A number of 200 respondents, which have familiarity to a certain brand, was asked to fill in the questionnaire as primary survey data. The findings show that actual self-congruence significantly positive affects brand involvement, brand attachment, and brand loyalty. Future study should include ideal self-congruent to compare whether actual or ideal self-congruence which has a stronger correlation on brand involvement, attachment, and also brand loyalty. This study provides a basis for firms to have better understanding of actual self-congruence roles on building customer brand involvement, brand attachment, and also brand loyalty.

actual self-congruence, brand involvement, brand attachment, and brand loyalty

Journal no. 3 from 2018 - issue date: 12/2018

TRADE MATRICES FOR TRADE NEGOTIATORS, APPLIED TO ‘BREXIT’ AND ‘NAFTA’: AN APPROACH

Todd J. BARRY

This paper puts forth a new scholarly approach to trade negotiations, for practitioners of international agreements, or simply to business students attempting to understand Ricardian trade theory. The paper hypothesizes that matrices can provide a simpler conceptual framework for considering Ricardo’s comparative advantage, especially when multiple goods and multiple countries are involved, in order to determine which countries should produce which goods. Numerous theoretical examples are presented, singularly, and jointly, as are different possible flaws and assumptions, additional applications, and alternative uses of the matrices, such as employing matrices to increase production of certain goods needed during crises or shortages. The article also argues that “terms of trade” should not be “assumed” in trade models but be based upon indifference curves, and addresses other influencing factors such as neoclassical changes in utility or in production. Found valid, the paper applies this method of trade simplification to pressing international situations, the question of “Brexit,” the sobriquet for the United Kingdom’s effort to withdraw from the European Union, which creates interesting possibilities for new trade deals, and the renegotiation of the North American Free Trade Agreement (NAFTA). The conclusion conceptually compares bilateral and multilateral trade, singularly, and with all countries together.

matrices; trade; comparative advantage; Ricardo; bilateralism

DETERMINANT OF LOVE OF MONEY AND ORGANIZATION ETHICS ENVIRONMENT IMPLICATION TO EARNINGS MANAGEMENT BEHAVIOURAL PERCEIVES

Eva WANY, Sarah YULIARINI, Pratiwi Dwi KARJATI

This study which aims to test the effects of love of money and the ethical environment of the organization on perception of earnings management behavior with 2x2 factorial experimental research with quasi experiment design. Data collection techniques that used in this study was questionnaire and distributed to participants in university. The result showed that, there are differences among individuals in who has a high levels of love of money and a low levels of love of money in perception of earnings management behavior; and there are differences between a company’s condition that has a high internal control elements (organizational ethical environment) and in company condition where there is no internal control elements (organizational ethical environment) is low in perception of earnings management behavior; and there are interaction between love of money and ethical environment of the organization on perception of earnings management behavior.

Love of Money; Organizational Ethical environment; Earnings Management

COOPERATION BETWEEN CHINA AND ROMANIA UNDER BELT AND ROAD INITIATIVE

Linna YU

China's greatest international economic aspiration is the “Belt and Road” Initiative (BRI), to stimulate economic corporation in a wide region including sub regions in Asia, Africa and Europe. This paper does researches for the cooperation between China and Romania at the background of BRI. It shows a short introduction of BRI and analyses import and export trade data included China with Europe, Europe Union and Romania to make a prediction about future development. It makes a comparison to different countries in BRI by Belt and Road Index (BARI). We will analyze Romanian basic economic situation, main factors about BARI and potential risks.

Belt and Road Initiative; Romania; Cooperation; Belt and Road Index

THE INFLUENCE AND APPLICATION OF ARTIFICIAL INTELLIGENCE & BLOCKCHAIN ON FINANCIAL SERVICE

Shu-Han CHANG, Chien-Ping SHIH

The advances in science and technology have benefited many industries. In recent years, we have witnessed the rapid development of financial technology. All of them worked hard in this area, such as Amazon, UPS, and Wal-Mart International. In China, leading e-commerce platforms such as Alibaba and Tencent actively provided services to SMEs in their ecosystems; Taiwan also make efforts to develop it. The emergence of networking account scientific and technological AMIS provides various payment companies, lending platform, financial robots. Although Taiwan’s innovation industry faces many restrictions on its development, it will still go through it. Therefore, Taiwan has continued to update laws and regulations related to financial technology. The latest rule “Financial Science and Technology Development and Innovation Experiments Regulations" regards the development of Taiwan’s financial technology. FinTech has gradually replaced the traditional financial service model. Through mobile payments, cloud platforms, and artificial intelligence, the technology industry has gradually penetrated into the financial industry. We are willing to make more progress in Taiwan’s financial technology to deepen the understanding of FinTech as a study.

Blockchain; Artificial Intelligence; FinTech

THE MODEL OF FIRM PERFORMANCE IMPROVEMENT THROUGH ENTREPRENEURIAL COMPETENCE

Puteri Andika SARI; Wiendy Puspita SARI

Micro, Small and Medium Enterprises (MSMEs) are flourishing in Indonesia and contributing greatly to Gross Domestic Product of Indonesia. This attracted the attention of many people to examine more about Micro SME and its development. The purpose of this study is to identify the variable forming firm performance with case studies on food MSMEs in Bandung city. This study tried to answer questions about the MSME performance improvement model of Bandung city. The method used is survey by distributing questionnaires to 40 MSMEs in Bandung. Testing of variable in this research by using Partial Least Square (PLS) test. The findings of the study revealed that firm performance model (MSMEs) has a significant influenced by entrepreneurial competency moderated by competitive scope. The managerial implication of this research is expected that the actors of MSMEs can improve their ability on financial knowledge and organize their business in order to grow and become big company in the future which can give contribution of bigger economic development to the country.

Firm Performance; Entrepreneurial Competence; MSME

BOTCHING HUMAN FACTORS IN CYBERSECURITY IN BUSINESS ORGANIZATIONS

Calvin NOBLES

Human factors remained unexplored and underappreciated in information security. The mounting cyber-attacks, data breaches, and ransomware attacks are a result of human-enabled errors, in fact, 95% of all cyber incidents are human-enabled. Research indicates that existing information security plans do not account for human factors in risk management or auditing. Corporate executives, managers, and cybersecurity professionals rely extensively on technology to avert cybersecurity incidents. Managers fallaciously believe that technology is the key to improving security defenses even though research indicates that new technologies create unintended consequences; nonetheless, technological induced errors are human-enabled. Managers’ current perspective on the human factors problem information security is too narrow in scope and more than a training problem. The management of complex cybersecurity operations accompanied by mounting human factor challenges exceeds the expertise of most information security professionals; yet, managers are reluctant to seek the expertise of human factors specialists, cognitive scientists, and behavioral analysts to implement effective strategies and objectives to reduce human-enabled error in information security.

Information Security, Cybersecurity, Human Factors, Technological Determinism, Human-centered Cybersecurity, Human-enabled Error

MANAGEMENT OF EDUCATIONAL EFFICIENCY AND EFFICIENCY

Ana Georgiana CĂLUGĂRESCU, Mihaela PREDA

Numerous specialist studies allow managers to find accessible answers on how to develop and increase the autonomy of educational establishments in the type of management model. Every school head has to have a clear vision of the school and of its connection with the society it is part of. The vision of the manager must be shared with both the institution's staff and the local community. It should be pointed out that there is no effective school if the manager can’t express this vision with the rest of the people who come into contact with the unit. Vision is the starting point for a mission assigned to the school unit by its manager. In general, the mission of the school is to integrate each pupil in society, to continually improve the performance of the educational act in good conditions and to the required standards. The purpose of this article is to outline the new challenges of the modern world and to highlight effective management methods.

effectiveness, efficiency, management, mission, vision.

ANALYSIS OF DETERMINANT FACTORS AFFECTING THE EMPLOYEE LOYALTY OF RURAL BANKS (BPR) IN BANDUNG CITY

Wahyudin Suwandi YUDI

This research was conducted because of the common problem that often happened at rural banks (BPR), that is too focused on business development so less in paying attention to employee's satisfaction, which impact on high turnover rate of employee. High employee turnover rates have a negative effect on an organization, as it can lead to loss of productivity, profitability, corporate knowledge, skills and competencies. The population of this research is BPR while the sample is used by BPR in Bandung City. There are four independent variables in this study: (1) transformational leadership, (2) employee competence, (3) commitment, and (4) employee loyalty. The type of research used is descriptive verification, while the method used in this study is the survey method (explanatory survey) and descriptive method. Descriptive and verification analysis, descriptive analysis is done by using Microsoft Excel software to calculate or determine the frequency of answers from respondents, while verification analysis is used to find multiple regression equation, the magnitude of relationship and influence between variables. The results of research influence the determinant factors such as transformational leadership, employee competence and commitment to loyalty both partially and simultaneously.

Turnover, transformational leadership, loyalty.

IS THERE RELATIONSHIP BETWEEN RENEWABLE ELECTRICAL CONSUMPTION AND ECONOMIC GROWTH IN ROMANIA?

Lu LIU

This study probes the causal link between renewable electrical consumption (REC) and economic growth (EG) in Romanian. In recent years, the development of renewable energy in Romania has achieved basic results, but it also faces many problems, such as funding, technical policies and so on. This paper reviews the development motivation, characteristics and main problems of renewable energy in Romania. And put forward strategies such as increasing investment in research and development, adapting to local conditions and sustainable development.

Renewable electrical consumption; Economic growth.

HUMAN RESOURCES SUPPORTING INNOVATION IN THE PUBLIC SECTOR: THE CASE OF KOSOVO

Rinor KURTESHI

This research looks at the current condition of human resources involved in the process of public sector innovation in Kosovo. This study is exploratory and a mixed methodology is used, while findings are compared and contrasted with the current state of knowledge. Findings clearly indicate that public sector institutions in Kosovo lack on adequate human resources that have obtained a university degree. Moreover, public sector institutions in Kosovo have shown resistance in involving staff in innovation teams and thus causing lack of motivation among staff to be creative in problem solving. Another interesting finding is the increase of trainings provided to staff on issues regarding implementation of innovations, however, the degree of trainings provided to staff is not satisfactory. Findings indicate that financial constraints were the reason behind the low degree of trainings provided to staff. The main areas where trainings were mostly provided include the development and implementation of new or improved communication methods and new or improved services. In addition to the findings, this research enriches and extends the current knowledge of human resources supporting innovation in the public sector domain. Finally, this is a unique contribution to Kosovar academics and public policy professionals.

Human resources; public sector; innovation; Kosovo.

Journal no. 2 from 2018 - issue date: 08/2018

A HOLISTIC VIEW OF THE ORGANIZATIONAL KNOWLEDGE DYNAMICS

Constantin BRĂTIANU

The purpose of this paper is to present a holistic view of the organizational knowledge dynamics, as an alternative to the current research focusing on different aspects of this complex and nonlinear phenomenon. Organizational knowledge is a semantic construct which has been developed as a result of growing importance of knowledge as a strategic resource, and it constitutes an integration of all forms of knowledge co-existing within an organization. Organizational knowledge varies in time and its dynamics is vital for organizational growth and for achieving a competitive advantage. Our approach is based on metaphorical thinking and on critical analysis of the present research concerning organizational knowledge and organizational intellectual dynamics. Going beyond the iceberg and stocks-and-flows metaphors, our research is based on the energy metaphor and the entropy law. The conceptual approach used and the final results obtained demonstrate the importance and utility of the holistic view in understanding more profoundly the complexity of the organizational knowledge dynamics.

knowledge creation, knowledge acquisition, knowledge loss, knowledge sharing, metaphors, organizational knowledge

PUBLIC SERVICES BETWEEN THE CITIZEN'S NEED AND THE POSSIBILITIES OF THE ADMINISTRATION

Adriana GRIGORESCU

This paper aims at the balance between the citizen and the public authorities with public services as an interface. Public services place themselves at the crossroads of many elements such as: needs of the citizen, social need, public will, public resources, private availability, and civic sense. Without claiming to have identified all factors that converge to defining / structuring the public services (PS) / services of general interest (SGI), the paper tried to highlight some of the most important. The social need is covered at the macro level and it represents what society - as a whole - needs. Citizens' needs are more specific, individualized and custom-designed, rundown by gender, age, education, social condition, financial strength, religion, living environment etc. The public will is an expression of what the Administration encompasses in mid- and long-term national strategies and addresses in detail the PS / SGI in sectorial policies where responsibility is assumed. Public resources include in our assessment all resources at the disposal of the Administration at some point. Private availability can be expressed through various forms such as public-private partnerships, development of complementary private sponsorships, donations etc. A balanced public service can also benefit of citizens’ civic sense. Even if they are completely satisfied with the services at hand they understand that it would be without sense to unnecessary ask for them just only because it’s free.

Public services, citizen expectation, public capacity, quality

PROSPECTS AND CHALLENGES OF WORKPLACE DIVERSITY IN MODERN DAY ORGANIZATIONS: A CRITICAL REVIEW

Helen Eboh CLETUS, Nor Asiah MAHMOOD, Abubakar UMAR, Ahmed Doko IBRAHIM

Workplace diversity (WPD) is a holistic concept that denotes the differences that exist between people working within an organisation. It describes the complex physical, sociological or psychological attributes such as gender, ethnicity, sexual orientation, religious or political beliefs that define an individual or group. Therefore, WPD transcends the recruitment, representation or preferential treatment of people within an organisation. The complexity of WPD has become one of the most challenging issues currently of critical importance in business and organisational management. Therefore, the paper presents the critical issues currently impacting on WPD in modern day organisations. It identified and highlighted the various prospects and challenges of WPD. The results revealed that diversity in the workplace enhances the critical thinking, problem-solving, and employee professional skills. Furthermore, it enables organisations to attract talent, improve corporate attractiveness, productivity. However, it is currently hampered by the hostility, disrespect and discrimination people with diverse background encounter in the workplace. Such behavioural attitudes as ascribed to prejudices and biases towards people with varied lifestyle choices, ethnic and cultural differences, disabilities, and generational gaps. These factors can stifle morale, teamwork, profitability and the attractiveness of the organisation. Consequently, modern day organisations need to address the causes of these issues to exploit the benefits of WPD. These can be addressed strategies that foster an empowerment culture, build communication and team spirit with organisations. These efforts will promote acceptance, productivity, and profits in future organisations.

Workplace, Diversity, Organizations, Demography, Personal Differences

PRINCIPAL MANAGEMENT CONCEPTS IN GREEK PUBLIC SECTOR: PART II – MANAGEMENT BY OBJECTIVES

Ioannis PAPALAZAROU, Giannis T. TSOULFAS

The introduction of specific and measurable objectives in the public sector is a practice that seeks to increase the efficiency of public services. This is done with their clear and acceptable identification, both at an individual and organisational level, their measurement with specific indicators and the benchmarking of the results. Goal setting is the essential tool for the specification and implementation of planning for various time horizons. As a detailed guide of organisational priorities, it constitutes the procedure of the determination of clear goals and objectives, deriving from the upper hierarchical level of each organization and their subsequent diffusion to the lower levels in the form of specific actions. This paper is the second and last part of a study about the application of principal management concepts in Greek public sector since year 2004 when Law 3230/2004 was introduced. In this part the experience of the implementation of “Management by Objectives” in Greek public services is analysed. Towards this end, the views and opinions of experts from the public sector are analyzed with the use of interviews and questionnaires. The aggregated results from both parts of the study are presented and discussed by the end of this paper.

Management by Objectives; public administration; Total Quality Management; Greece

BARRIERS TO INNOVATION IN SERVICES AND MANUFACTURING FIRMS: THE CASE OF KOSOVO

Betim RETKOCERI, Rinor KURTESHI

The aim of this study is to discover the barriers to innovation in Kosovo service and manufacturing firms. In accordance with the research objectives, this study presents a comparison between service and manufacturing firms regarding barriers to innovation. The study is exploratory and a mixed methodology is used, while the findings are compared with the most recent literature. The findings indicate that traditional management practices and state policies are hindering innovation, although there is a general recognition for change. Additionally, resistance to change and traditional operational practices are found to impede innovation. Lastly, lack of planning skills, lack of financial resources, fear of failure and lack of adoption of an innovation culture are found to be fundamental factors in impeding innovation in Kosovo firms. The contribution of this research is in enriching and extending the current knowledge of barriers to innovation for academia, practitioners and readers. Notably, this is a unique contribution for Kosovar academics and practitioners interested in the main factors that impede innovation.

Barriers to innovation, innovation, innovation management, Kosovo

TIES THAT BIND: THE LINK BETWEEN FUNCTIONS OF PUBLIC SECTOR MANAGER IN TANZANIA AND LUTHER GULICK’S NOTES ON THE THEORY OF ORGANIZATION

Ramadhani MARIJANI

This paper reflects Gulick’s notes on the theory of organization in the context of Public Sector Manager’s work milieu in Tanzania. Using the Performance Improvement Model (PIM) as the proxy the paper instantiates the POSDCORB by drawing the parallels between the POSDCORB mnemonic and PIM and therefore corroborates Gulick’s summation. We argue that in order to apply the classic theory of organization in today’s public administration an attempt should be made to view organization theory from a design perspective. The paper recommends that more research should be done to instantiate POSDCORB and contributes to the corpus knowledge of public administration discipline.

Theory of Organization; Performance Improvement Model; POSDCORB

EXPLORING LEADERSHIP COACHING AS A TOOL TO IMPROVE THE PEOPLE MANAGEMENT SKILLS OF INFORMATION TECHNOLOGY AND CYBERSECURITY PROJECT MANAGERS

Darrell Norman BURRELL

According to recent research 55 percent of information technology (IT) projects are deemed unsuccessful. In 2016, globally, organizations waste an average of $97 million dollars for every $1 billion invested information technology projects. These numbers should be of tremendous concern when these projects often focus on critical operational aspects like knowledge management, data analytics, intellectual property, cybersecurity, and information management. These numbers also point the critical need to develop leadership skills for information technology project managers. This paper explores the need and viability for organizations to invest in leadership coaching as employee

Information Technology Project Management, Cybersecurity Project Management, Technology Management

EDUCATIONAL PATHS IN ROMANIA: CHOOSING GENERAL OR VOCATIONAL EDUCATION

Monica Mihaela MAER MATEI, Cristina MOCANU, Ana-Maria ZAMFIR

Education is a key factor that can contribute to the economic growth, supporting the social mobility and the living standard improvement. Both from the scientific point of view, as well as from the policy making process point of view, it is essential to know how individuals choose their educational path, in order to understand what is and can be the role of different educational routes in ensuring social mobility and improving standard of living. In this article we explore the factors that explain attitudes and decisions of individuals for vocational vs. general education in Romania. Our analysis is based on data from a national survey among adult Romanian population. Attitudes regarding the choice of vocational vs. general education are analysed by employing decision trees method in order to assess the extent to which vocational education is considered a valuable education path or an educational alternative for those with lower socio-economic background.

vocational education, general education, inequalities, stratification, decision trees

THE PERCEPTION AND ATTITUDE OF THE RESIDENT AND TOURISTS REGARDING THE LOCAL PUBLIC ADMINISTRATION AND THE TOURISM PHENOMENON

Mădălina Nicoleta FRÎNCULEASA, Răzvan Ion CHIȚESCU

The dynamism of the tourism phenomenon in relation to interconditioning with the local administrative environment, through the generated effects, can constitute an element of favorability of the socio-economic development of community. At the same time, tourism development also generates many problems for host communities. Thus, the policy developed by the local public administration regarding the tourism phenomenon regards the creation and maintenance of a competitive space for the involved actors (residents, tourists, institutions of public and private administration) in order to manage and supply profitable tourist products in a socio-economic context sustainable. Analyzing the perception and attitude of the residents of Moroieni, Dâmbovița, and the tourists present in this area, the paper presents the results of a sociological research which establishes the role and involvement of the local public administration in the tourism phenomenon.

tourism, residents and tourists' perception, local public administration, Moroieni

MORE CHALLENGING AND COMPLEX RESPONSIBILITIES IN CURRENT JOBS

Magdalena VELCIU

In this article, we give some remarks on how the recent evolution of work tasks and job responsibilities come in relation with challenging and high competitive work environment. Analyse is based on self-assessment of how job responsibilities and problem solving is perceived in the opinion of employed persons. Finally, many Romanian employed persons said that their responsibilities are more challenging and complex, especially in last years, demanding their great effort to adapt and fulfil objectives. These conclusions are important because if we have a correct interpretation of work environment challenges, evolutions and responsibilities, we can imagine the best alternatives to cope with the change in the workplace and improve adaptive performance.

job responsibilities, work environment, adaptive performance

Journal no. 1 from 2018 - issue date: 04/2018

OVERCOMING SMEs FINANCING AND SUPPLY CHAIN OBSTACLES BY INTRODUCING SUPPLY CHAIN FINANCE

Waseem Ahmed ABBASI, Zongrun WANG, Asaad ALSAKARNEH

Keeping in view the importance of small and medium enterprises (SMEs) for the growth of a nation, we must also keep an eye on the challenges faced by those SMEs. There are various kinds of financing and supply chain options available for SMEs but they still face lot of hindrances. This paper would help us to understand why SMEs are important for the development of any country and how could we help the SMEs from facing challenges related to financing and supply chain. This study further highlights the key financing issues faced by SMEs and also focuses on major supply chain challenges confronted by the SMEs. This study put emphasis on the concept of supply chain finance (SCF) and that how SCF could help SMEs to overcome those challenges. In addition, this paper also points out the benefits and prospects of SMEs. Even though the concept of SCF is still in developing phase but it has shown significant assistance to SMEs in order to grow further.

Small and Medium Enterprises; Supply Chain Management; Supply Chain Finance, Financing Challenges

THE IMPACT OF EUROPEAN ECONOMIC INTEGRATION ON MIGRATION IN THE EUROPEAN UNION

Mihaela SIMIONESCU

The recent enlargement of the EU (since 2004) and the United Kingdom's decision to leave the European Union have prompted a growing research interest in the political and academic environment because of the causes and consequences of migration between the CEE countries and those in the Western Europe. In this study, the effects of European economic integration on the number of EU-15 immigrants from the newly integrated EU countries were assessed by econometric techniques. According to panel data models, in the period 2000-2015, the number of migrants from the new member states of the EU has increased, in average, with more than 2200 people only due to their EU membership. This result reflects the positive impact of European economic integration on the number of emigrants from the CEE countries that chose the EU-15 states as destination countries. Moreover, according to some ridge Bayesian regressions, during the period 2004-2015, the EU-15 immigrants coming from the EU-13 states did not negatively affect the economic growth of the EU-15 countries.

economic integration, migration, European Union, free movement

LABOUR MARKET, WAGES AND THEIR POLICIES IN THE EU AREA

Dalina ANDREI, Liviu C. ANDREI

Interesting and challenging is not exactly that economic thinking is divided between those who admit that labour would be a good negotiated on its specific market segment and those who don’t, but other two-three aspects. The one is that those who do admit it are classic, neoclassic and (interestingly!) Marxian schools. The last thinkers certainly see it as pejorative. Interesting is equally that those who ‘reject labour market concept’ work around the Keynesian thinking school. The author of ‘General Theory…’ rejected the idea that employer and employee could ever be economically equal to each other and that labour could keep any real market supply specific behaviour. Thirdly, Keynes was the first one who pointed to unemployment as a real modern problem, but also interestingly his view on the same unemployment wasn’t satisfactory for our present. At present, unemployment is a problem and even an unsolved one for the European economy and for the EU Organization. The EU documents might indicate it as a problem (and not only economic) and a policy priority, together with the wages issue, but basically employment and wages cannot make any policy priority against economic targets like productivity, cost reduction and industrial efficiency.

EU, labor market, wage, industrial efficiency.

PRINCIPAL MANAGEMENT CONCEPTS IN GREEK PUBLIC SECTOR: PART I – THE COMMON ASSESSMENT FRAMEWORK

Ioannis PAPALAZAROU, Giannis T. TSOULFAS

In the modern era of internationalization, interconnection and rapid technological changes the obligation of the public sector to provide the best possible services to citizens have become challenging tasks. The incorporation of Total Quality Management principles and tools in public services can prove to be decisive given that they contribute to the improvement of the services provided, offer better customer service, help in understanding how the agency is organised and operates, as well as contribute in changing the attitude of employees towards the adoption of a quality culture. Since the mid-00’s, several programmes have been implemented in Greece in order to improve the quality of public services which was, up to that point, dictated only by the need to consolidate relative EU financial resources. This paper is the first part of a study about the application of principal management concepts in Greek public sector since year 2004 when Law 3230/2004 was introduced. In particular it tries to record and assess the experience of the implementation of the “Common Assessment Framework” in Greek public services. Towards this end, the views and opinions of experts from the public sector are analysed with the use of interviews and questionnaires.

Common Assessment Framework; public administration; Total Quality Management; Greece

DISTANCE EDUCATION IN ROMANIAN HIGHER EDUCATION

Andreea Bianca ENE

The global diffusion of Internet involves economic, political and demographic factors that can predict in real time. In this article, we demonstrate that according to data provided by EUROSTAT, the number of people looking for a job in Romania it is correlated with specific query terms using Google Trends. Search engine data is used to “predict the present” values of different economic indicators. The obtained results are compared with the classical method of developing the economic indicators, with official EUROSTAT employment data. In this paper, we demonstrate that the new methods to extract the economic indicators from web technologies are accurate.

Data Mining, Big Data, Demography, Unemployment, Job Search

TAX POLICY: WHAT DOES SMEs SAY?

Dian Anita NUSWANTARA, Dewi PRASTIWI, AISYATURAHMI

Tax is one of the main sources of government revenue in Indonesia. Unfortunately the enormous population has not been able to make tax revenues so great. The cost to issue a new policy package should be accompanied by increased taxpayer compliance, as indicated by tax revenue. But until now the increase in tax revenue is due to the higher the value of money. Based on the above, it needs to be studied and analyzed on how the critical analysis of income tax policy for individual taxpayers of small and medium enterprises (SMEs). A qualitative approach using phenomenological studies is designed to gain an explanation of the above phenomena in terms of the taxpayer's perspective. Survey technique is the main data collection technique used in this study. The final process of the research is expected to find the right formulation of the current policy and find the policy formulation that can be used as input for policy makers in the field of taxation.

Tax policy, income tax, SMEs, taxpayers’ perspective

AN INVESTIGATION OF THE PERFORMANCE OF ISLAMIC AND INTEREST BASED BANKING EVIDENCE FROM PAKISTAN

Tauseef KHAN, Waqar AHMAD, Muhammad Khalil Ur RAHMAN, Fazal HALEEM

The main difference between Islamic and conventional banking is that Islamic banking works on profit and loss while conventional banking work is interest based. The aim of this research study is to measure and compare the financial performance of Islamic and conventional banking in Pakistan during 2006 to 2015. This study is to examine and to evaluate the performance of 5 Islamic banks (Meezan Islamic Bank, Bank Islami Limited, Al Baraka Islamic Bank, Dubai Islamic Bank Limited and Burj Bank Limited) and 5 conventional banks (Muslim Commercial Bank Limited, United Bank Limited, Askari Bank Limited, Allied Bank Limited, Habib Bank Limited) in terms of profitability, liquidity, risk, capital and efficiency. We used quantitative and qualitative data for comparison of Islamic and conventional banks. Collection of data consists on both primary as well as secondary sources. Primary data has been gathered from interviews and Secondary data has been gathered from the balance sheets and income statements of the sampled banks for the period of 2006 to 2015.Financial ratios such as profitability ratios, liquidity ratios, solvency ratios, capital ratios and efficiency ratios are used for measure of the financial performance of both banking sector. The results indicate that Islamic banks are less profitable, more liquid, less risky and less efficient. There is no significant difference in terms of capital between Islamic and conventional banks.

Islamic Banks, Conventional Banks, Profitability, Liquidity, Risk, Capital, Efficiency, Financial performance, Pakistan

THE PHENOMENON OF CLIMATE CHANGE IN ORGANIZATION AND HR- RELATED LITERATURE: A CONCEPTUAL BRIEF ANALYSIS

Mohamed MOUSA

Climate change has become one of the main challenges facing humanity. Over the past decade, this phenomenon, which may have been caused by natural variability and/or human activity, has attracted many scholars from different scientific disciplines to warn of its potential consequences. The author of this paper has decided to address the existence of this important phenomenon in organizational literature. However, upon exploring different academic databases, the rarity of research focusing on climate change and its relationship and/or effect on HR or organizational aspects became obvious. Accordingly, the author recommends other HR and organizational scholars devote considerable space to this phenomenon in their field.

climate; climate change; organization- related literature; HR- related literature

Journal no. 3 from 2017 - issue date: 12/2017

SALVAGING THE EUROPEAN UNION: THE INCLUSIVE MULTI-TRACK SUPRANATIONAL OPTION

Steven ROSEFIELDE

The EU has many supranational accomplishments to its credit. Frictions nonetheless exist within the EU because some members want to rollback parts of the consensus (“less Europe”) and others want to expand them (“more Europe”). The conflict cannot be amicably resolved as EU leaders are trying to do in a one-track supranational regime because both factions disagree about whether confederation or federation is best. A solution in a one-track system requires one side to capitulate to the other. This is why the EU is at an impasse. However, the conflict is easily resolved by switching from a one-track to a multi-track supranational system that allows advocates of “more Europe” and “less Europe” to do as they like in some areas, while acting collectively wherever consensus permits. The EU already accepts the multi-track principle with regard to the euro and non-euro zones, and could restore harmony to the European project by applying the principle more broadly.

EU, Supranationality, one-track supranationality, multi-track supranationality

ROLE OF ORGANIZATIONAL LEARNING AND KNOWLEDGE MANAGEMENT

Fazal HALEEM

This research is based on Electrocell, a US battery manufacturing company, which was facing problems in its marketing and sales departments as evidenced by its low performance. Following a short introduction to the firm, literature reviews the two recently emerged and widely debated topics, that is, organizational learning and knowledge management. It is followed by the reasons for Electrocell’s declination and revival before and after acquisition by Restart, a US cosmetic manufacturing company. Then, Knowledge Sharing Model, General Hierarchical Model of Organizational Commitment, Knowledge Management, and Learning Organization Capacity, and Three Dimensional Model are described and critically analyzed. At the end, Knowledge Management System Conceptual Model is applied on the case study thoroughly and critically analyzed followed by summary. The research contributes to the literature and offers important implications for academics, managers and strategists that why learning is important and how does it matter to an organization.

Organizational Learning; Knowledge Management; Organizational Revival; Organizational Survival

ONLINE MARKETING. A GROUND TO EXPLOIT AND GROW THE ACCESSING OF EUROPEAN FUNDS

Anamaria – Cătălina RADU, Alexandra PRICOP, Raluca Florentina TITA, Mioara POPESCU

Accessing European funds is very controversial at this moment because of its enormous benefits for the country development. A very important aspect regarding the image of a country is represented by the tourism, and European funds offer an opportunity for raising the potential of a country by coordinating the tourism activities. Tourism planning also has a big impact its advantages being very resourceful due to a responsible funds allocation. In this paper, we have been analyzing a few European funded project – POSDRU 2007-2013 for the development regions. The future direction in developing projects in the field of tourism is to follow very carefully the objectives of the implemented projects and to plan all the activities in a balanced manner. The paper also shows how online communication can contribute to facilitate the access of the European funds and a better implementation and develop of the projects.

European funds, regional development, online communication, marketing in tourism

STRATEGIC ON MANAGEMENT SCIENTIFIC PUBLICATION OF STUDENT JOURNAL IN HIGHER EDUCATION (A CASE STUDY)

Muhammad QOMARUDDIN, Ratih Nur PRATIWI, Sarwono SARWONO

The current publication of scientific journals is transitioning from a print format format to an electronic format, which has a different management model than before. Publication of scientific journals is an important thing in the existence of universities. In the dissemination of science results of an education, research, and community service generated by college civitas (Students & Lecturers) can be done with the publication of scientific journals. The purpose of this study is to determine the strategy of management publication of scientific journals that publish many articles of students at higher education. The type of this research is qualitative descriptive research. The research data were collected by indepth interview the Director of Graduate, Head of journal publishing unit, and staff of journal publishing unit. This research was conducted at the Journal Publishing Unit of Postgraduate of Brawijaya University. The managers of scientific journal publications should be continue to improve scientific publishing services and the quality of published articles, so that the management of scientific publications can compete with other electronic journals. The development of electronic journals in Indonesia has grown rapidly, within three years of electronic journal publication in Indonesia has increased sharply, from 1500 journals in 2012 to 16280 journals in 2016. This is a challenge for managers of scientific publications in Brawijaya University. The strategy in developing the management of scientific journal publications of students is to hold training activities of scientific journal writing for students to be able to provide the availability of quality articles. Benchmarking activities and management training for journal editing teams to maintain quality management and scientific journal publications. In addition, it is necessary to improve the reputation of scientific journals by paying attention to the Impact Factor; Index Journal, Ranking Journal, h-index, Number of Cites, & Percentage of Rejection Rates in managed journals.

Electronic Journal, Management Strategy, Student Journal

MODELLING PREDICTION OF UNEMPLOYMENT STATISTICS USING WEB TECHNOLOGIES

Mioara POPESCU

The global diffusion of Internet involves economic, political and demographic factors that can predict in real time. In this article, we demonstrate that according to data provided by EUROSTAT, the number of people looking for a job in Romania it is correlated with specific query terms using Google Trends. Search engine data is used to “predict the present” values of different economic indicators. The obtained results are compared with the classical method of developing the economic indicators, with official EUROSTAT employment data. In this paper, we demonstrate that the new methods to extract the economic indicators from web technologies are accurate.

Data Mining, Big Data, Demography, Unemployment, Job Search

MANAGЕMЕNT ІNFΟRMATІΟN SYSTЕMS

Bοgdɑn - Αlехɑndru FURDUЕSСU

Tесhnοlοgy іs thе sсіеnсе thɑt studіеs prοсеssеs, mеthοds ɑnd οpеrɑtіοns run οr ɑpplіеd οntο rɑw mɑtеrіɑls, mɑttеrs οr dɑtɑ, іn οrdеr tο οbtɑіn ɑ сеrtɑіn prοduсt. Іnfοrmɑtіοn іs thе mɑtеrіɑl sіgnɑl ɑblе tο lɑunсh ɑ mɑtеrіɑl rеɑсtіοn οf ɑ dynɑmіс ɑutο-tunіng systеm fοr whісh thе systеm іs сοndіtіοnеd ɑnd finɑlіzеd. Іnfοrmɑtіοn Tесhnοlοgy іs thе tесhnοlοgy nееdеd fοr hɑndlіng (prοсurіng, prοсеssіng, stοrіng сοnvеrtіng ɑnd trɑnsmіttіng) іnfοrmɑtіοn, іn pɑrtісulɑr, wіth thе usе οf сοmputеrs [Lοnglеy, D. & Shɑіn, M. (1985), p. 164]. Thе іmpοrtɑnсе οf ІT іn thе есοnοmіс grοwth ɑnd dеvеlοpmеnt іs wіdеly knοwn, tɑkіng іntο ɑссοunt thе іmpɑсt thɑt tесhnοlοgy сɑn hɑvе οn thе suссеss ɑnd survіvɑl, οr thе fɑіlurе οf thе есοnοmіс ɑсtіvіty οf еntеrprіsеs/οrgɑnіzɑtіοns, ІT οffеrіng vɑrіοus mɑnɑgеmеnt іnfοrmɑtіοn systеms (MІS), ехесutіvе ɑnd fееdbɑсk sеgmеnts, whісh ɑll hɑvе іmpοrtɑnt ɑnd bеnеfiсіɑl іmplісɑtіοns іn mɑnɑgеmеnt ɑnd сοntrοl.

MІS purpοsе ɑnd rοlе; MІS οbјесtіvеs; thе mɑіn сοmpοnеnts οf MІS; ɑdvɑntɑgеs ɑnd dіsɑdvɑntɑgеs οf MІS

RISK ANALYSIS IN TRANSPORT AND LOGISTICS

Andreea Bianca ENE

Globalization and production concentration have led to more efficient supply chain networks, which has led to the emergence of different types of risks. Although most companies have implemented special risk management programs, there may be events that can not be controlled by businesses, and unwanted consequences are not delayed. The reason I chose the title "Risk Analysis in Transport and Logistics" is that I noticed the increasing importance of transport and logistics in the last period. The purpose of this work is to determine the impact of risks in transport and logistics activity, and for that has been achieved a desk research, in which I have analyzed the statistical data from 2016, regarding transport services in Romania. I think that this paper will be useful for all who want to understand the significance impact of risks in transport and logistics activity, representing a suitable source of information in this area.

transportation, logistics, risks, analysis

LOCAL GOVERNMENT CHALLENGES’ TO IMPLEMENT PUBLIC PRIVATE PARTNERSHIP PROJECTS IN INDONESIA

Erwin SONDANG S, Asep SUMARYANA, Ida WIDIANINGSIH, Heru NURASA

This paper aims is to analyze several challenges’ those faced by local governments in Indonesia, including its provinces, districts and cities, in implementing the Public Private Partnership (PPP) scheme. The analysis is focused on 3 challenges, as follows: 1) budget; 2) regulations (Act Number 23 of 2014 concerning Regional Government, Government Regulation Number 27 of 2014 concerning Government Asset Management and Presidential Regulation Number 38 of 2015 concerning Public and Private Partnership for Provision of Infrastructure), and 3) the party that involve on PPP projects. Therefore, some of the developed recommendations are expected to be solution for the local government in addressing these challenges.

Public Private Partnership, Implementing, Challenges, Local Government, Indonesia

REENGINEERING METHODOLOGIES

Xin WANG

In this paper I try to make a brief presentation of the concept of reengineering expressed in the literature. In the second part of this paper I will try to list the stages of the reengineering methodology and to develop them succinctly. At the end of the paper I will attach a case study on reengineering and conclusions on this topic.

Reengineering, methodologies, company, concept

THE BEST EDUCATIONAL SYSTEMS IN THE WORLD ON EXAMPLE OF EUROPEAN AND ASIAN COUNTRIES

Karolina WILK

The article describes 5 countries from the world: South Korea, Japan, Singapore, Hong Kong, Finland that have the best and unusual educational systems. Thanks to the new approach to the teaching, students become very well-educated when graduate. The text emphasises the importance of foreign language knowledge. It is very interesting how much different is the approach to students in Asian countries and in Finland but both systems eventually provide very good education level to their students. The another part of the article bases for characteristic of two other EU countries – Romania and Poland. In these countries, the internal educational systems are quite similar to each other and guarantee their students very good education level. Thanks to the attendance in Erasmus exchange programme, Romanian and Polish students can broaden their mind abroad.

educational system, Asian countries, Finland, approach to teaching, Erasmus, Poland, Romania, studying, prestige

Journal no. 2 from 2017 - issue date: 08/2017

EMPLOYEE SATISFACTION WITH TRAINING OPPORTUNITIES AND ITS RELATION TO INTERNAL MARKETING

Silvia TREĽOVÁ, František OLŠAVSKÝ

The article aims to find a link between employee training and satisfaction with educational activities and marketing efforts of the organization. Qualification growth of employees is closely connected to the organization's success. Since obstacles in education hinder achieving desirable results, they need to be identified and overcome. Theoretical background and knowledge was confronted with data collected in primary research. Interviewing was used as the method and questionnaire as the instrument. Data were statistically analysed and results of chi-square were calculated in software Statgraphics. Testing the relationship between barriers in training involvement of employees and their socio-economic characteristics proved that, gender, age, education level, sector of economy, length of current employment, and income satisfaction are independent. The only relevant dependence is apparent in case of fear of failure which is a barrier indicated for low income people. This article clarifies the state of satisfaction with education possibilities of employees through identifying of the main barriers and concludes consequences for sustainable growth of organization.

Labour market; Employee training; Barriers in education; Internal marketing; Sustainability

CURRICULATION AND COMPETENCE BASED EDUCATION TRAINING (CBET) IN TANZANIA: A CRITICAL ASSESSMENT OF PUBLIC ADMINISTRATION AND MANAGEMENT (PAM) CURRICULA AT TANZANIA PUBLIC SERVICE COLLEGE (TPSC)

Marijani RAMADHANI

The article directs the discourse in Public Administration and Management (PAM) curricula at Tanzania Public Service College. The motive for this attempt is based on the fact that Public Administration (PA) is itself recognized as a profession whose teaching aims at producing competent professionals and therefore needs constant review to conform to the current work complexities. Five big questions and content analysis are used as the basis for directing the discourse. The findings indicate that curriculation for PAM is complex and dynamic. Moreover, the findings indicate that the two curricula are more vocational than educational as there is little weight allocated for occupational course modules (36 out of 360 in PA) and (126 out of 360 in HRM). This may pose the danger of “pourtpouri” problem in curriculum design. The article proposes rethinking interventions on curriculation for PAM at TPSC to benefit from Public Administration discipline.

Curriculation; Competence-Based Education Training; Public Administration

OTHER ECONOMICO-SOCIAL FACTORS OF THE SAVING PROCESS

Adriana GRIGORESCU, Oana OPRISAN, Elena CONDREA

Savings and investments are not unconditioned universal ways for the economic development and growth of a country. They accomplish only the motor role in a healthy macroeconomic ambiance, but in the context of a coherent and consistent long-term policy, as well. Only in these circumstances it can become reality the virtuous circle of high savings – large investments – economic growth. For the insuring of the sustainability of the economic growth there will be the need of more effort, which indicates the fact that success is obtainable and that the political efforts in this direction will be rewarded.

savings; investments; income; wealth

HUMAN RESOURCE REFORMS IN PUBLIC ADMINISTRATION: THE IMPORTANCE OF THE REWARD SYSTEM

Christopher DE FREITAS BRADLEY

Human resource management encompasses administrating and managing human resources or otherwise known as employees. The HR or Human Resources department of any company, whether it be public or private, deals with the day to aspects pertaining to employees, from the recruitment process to probably the most important aspect for any employee; remuneration and benefits. The importance of finding a perfect equilibrium between monetary and non-monetary incentives is crucial in obtaining an efficient work environment, as well as increasing productivity and employee motivation. Having an administrative background or knowledge is essential for any HR manager, in order to detect and implement the most beneficial reward system for both implicated parties. This paper aims to examine human resource reforms in public administration, primarily in reference to the remunerations of civil servants and employees by giving examples of the importance of salary within the structure of human resource management, looking at new laws involving the increase of salaries within the near future, concluding with suggestions on improving the reward system implemented by human resource managers in Romania’s system of public administration.

Human resource management; employee reward system; salary; payroll legislation

HOW TO STOP THE SNOWBALL GROWTH? A WAY FOR SUSTAINING PUBLIC DEBT OVER GENERATIONS

Ion-Lucian CATRINA

Why public debts are growing so fast in most developing countries, like a dangerous snowball which is growing and growing and no one can stop it? It is only a negative relation between high debt and real growth of economy? How can we definitively remove the Ricardian anxiety which called debt a “terrible scourge”? These are only few questions asked in the last century in relation with debt “overhang” not only by scholars, but by governments as well. This paper aims to answer to other questions like: Why debt’s rate grows faster than GDP? Why governments borrow? For current spending or for public investments? Who should benefits current loans? Who should pay for them and when? How should be the taxation along the economic cycle: neutral or countercyclical? Need we a model to sustain the public debt over generations, or it is good enough to maintain a good ration between real GDP growth and debt and that’s it?

public debt; sustain; generations, intertemporal

VIOLENCE, FAITH, AND WOMEN IN ROMANIAN LITERATURE

Giti CHANDRA, Sanda-Marina BĂDULESCU

This essay offers a gendered reading of the confluence of violence and faith in Romanian literature, through a reading of two texts: Tatiana Bran’s “Deadly Confession”, and Elie Wiesel’s “Night”. While the former looks at the violence visited upon women in the context of religion and faith, the latter seeks to locate the place of women in the course of the loss of faith in a male context. The essay embeds these readings within the larger context of women and violence in Romanian literature from the 19th century to the present. While the instance of Bran’s novel serves as representative of much of this literature, the example of Wiesel’s autobiographical narrative is uniquely contextualized by the field of Holocaust literature. Nevertheless, it is possible to see these two readings – one, a woman authored text of violence against women, the other, a male authored text of women as a refuge from violence – as complementing each other in the ways in which women respond to faith and the loss of faith.

women, violence, faith, Holocaust Studies, Romanian literature

DRIVERS OF GOING CONCERN AUDIT OPINIONS: EMPIRICAL EVIDENCE FROM INDONESIA

Lina RAHMAWATI SUROTO, Hadri KUSUMA

The study of the going concern audit opinions is an important component within the enhancement of firms’ responsibility and stewardship. A going concern audit opinions implies that the independent auditor doubt the future of the firm. This study aimed to examine the drivers of the likelihood of the going-concern audit opinions. Previous studies revealed that there were inconsistent drivers influencing the going-concern audit opinion. This study shows similar results to prior works. The result indicates that firms’ financial condition and profitability significantly affect the likelihood of the going-concern audit opinion, while firms’ size and leverage are not the determinants of the intensity of the going concern audit opinion.

Going Concern Audit Opinion, Financial Condition, Leverage, Profitability, Firm Size

A RESEARCH ON EU TRADE POLICY SYSTEM

Sitong QI

The EU is the world's largest trade group, occupying an important position in the world trade in goods and services, especially in the field of service trade. The EU trade in services exports and imports are higher than the United States and Japan, and the EU is the world's largest capital output and input group, and the world's largest foreign aid providers. With the deepening of the European integration process, Europe's position in the world economy and trade is on the rise. Therefore, the EU's trade policy has increasingly become the focus of attention. From the vertical point of view, research directions can be divided into trade in goods policy, trade in services policy, international direct investment policy, trade-related intellectual property policy four field. In this paper, the four vertical areas are illustrated as the focus of the study.

EU; Policy system; Trade

THE IMPACT OF INTERNATIONAL ENERGY PRICE ON ROMANIAN MACROECONOMIC

Yukun XIAO

The recent decade has witnessed wild swings in International Energy price, and there is no doubt that a large fluctuation in energy prices will have an impact on a country's macro economy. This study examines the impact of international energy price on Romanian macroeconomic –CPI, exchange rate and industrial product – by using Granger causality test and quantiles regression. We find that the international energy price can affect the CPI and industrial product of Romania, while it can’t influence exchange rate at all. Also when energy price increase and decrease, it will have different impact on Romanian macroeconomic.

International energy price; Romanian macroeconomic; Granger causality test; quantiles regression

RESEARCH & DEVELOPMENT THROUGH A GENDER LENS – THE CASE OF ROMANIA AND ICELAND

Ana-Maria ZAMFIR, Erla Hlín HJÁLMARSDÓTTIR

For many years, gender equality has been on the agenda of various stakeholders from different sectors of activity and from different levels of action. However, information regarding the participation of women to research and development remains scarce and insufficient for assessing the progress towards equality related goals in this area. This paper aims to explore the participation of women to the research & development sector in two selected European countries – Romania and Iceland. Thus, the present study is focused on the presence of women in a highly specialized sector that contributes to the creation of a competitive, knowledge-based society. Data on research and development personnel are analyzed from a comparative perspective in order to assess how Romania and Iceland perform in the field of gender equality in research and development sector. The findings of this paper show that women are still underrepresented in specific sectors of performance, as well as in some fields of science. Due to data lacking, analysis on the presence of women in management position in research and development couldn’t be performed. So, better and more comparable statistics on gender equality issues in science is needed for ensuring a more accurate image of women participation.

gender, research and development, human capital

Journal no. 1 from 2017 - issue date: 04/2017

PERSPECTIVES REGARDING THE PREFECT INSTITUTION IN ROMANIA

Dragos DINCA

The article highlights the key moments during the evolution of the prefect institution in Romania and it analyses the recent proposals of reorganization that aim to transform the prefect statute from high ranked civil servant to dignitary. In addition, the principle of deconcentration is detailed and a scenario of reforming the prefect institution is proposed, by analyzing the applicability of this principle within the administrative practice of Romania. The article analyzes the duties of the prefect institution, the possibility of transferring them to other entities and the appropriateness of maintaining this institution.

Prefect, horizontal deconcentration, vertical deconcentration

MOVEMENT REMOTE COMMAND AND CONTROL IN THE MILITARY TECHNICAL SYSTEMS THROUGH THE INFERENTIAL METHOD

Dumitru GRIGORE

The research described in the paper at had approaches the interaction between the bio-signal and the remote movement control, by introducing an original mathematical model, regarding the psychophysiological inference from the EDA response bio-signals. The experiments were performed using an adequate design, consisting of two different techniques regarding bio-signals, in order to obtain, in variables corresponding to each of them, the same type of electrical behaviour. In order to establish the projective functions, a direct measurement method was used on the levels of potential in the epidermis’s alternative current, of base- (SPL) and response-type (SPR), the acquisition being executed with an integrated technical system, patented by the author in year 2013. The statistical study targets the correlation analysis of the action of multiple stimuli on the EDA functions, respectively the analysis of the multiple correlations between the EEG and EDA patterns. Necessary in sending the remote command and control of a movement, this correlation in the electrical signal can be implemented in the BCI-type systems, offering superior possibilities of using the bio-feedback systems.

bio-signals, electro-dermic response, correlation, BCI systems, command and control, bio-feedback

ETHICAL BEHAVIOR WITHIN THE PUBLIC CADASTER IN MACEDONIA: IS THERE A “LIGHT” AT THE END OF THE “TUNNEL”?

Branko DIMESKI, Mladen KARADZOSKI

Every public sector reform must promote ethics in the eyes of the citizens. One of the most notorious examples of successful modernization of public sector institutions in Macedonia is the effective reform of the Agency for Real Estate Cadaster. Thus, the main objectives are concentrated around examining ethics as very important aspect in the overall results of the implemented reforms within the Agency. The scope of the research is to clarify these objectives and depends on the knowledge that already exists in the research literature on the Macedonian Agency for Real Estate Cadaster. Therefore, the research methodology relies on observation and content analysis of various governmental documents and research papers. The research results show that the successful implementation of the E-cadaster system enabled new sophisticated dimension in the delivery of e-services to the public (notaries, geodetic companies and municipalities), but most importantly, to the citizens. The accent was on ethical issues when communicating with citizens. The role of public managers has been of tremendous help in fostering ethical behavior within and outside the Agency. However, periodical citizen surveys showed mixed results about the work of different Agency’s units located in different municipalities. As in the past, there are still cases of unethical behavior of managers and employees in the Agency. The conclusions impose valuable implications for future academic and practitioner research in the field. It seems that there is no “perfect” public organization when it comes to ethics. Moreover, it seems that human nature cannot always get in line with the Weberian organizational hierarchy.

Agency, public sector, reforms, behavior

SMART CITIES: TRANSPORT CHALLENGES OF THE MACEDONIAN CAPITAL CITY

Mimoza BOGDANOSKA JOVANOVSKA, Daniela KOLTOVSKA NECHOSKA

Smart City as a concept presupposes using new information and communication technologies in order to improve the quality of life within a particular geographic area. There are six different pillars in the frame of this concept and their one purpose is to achieve better efficiency of city operations. Smart mobility and transport are some of them. The efforts of traditional cities to become smart are not easily and quickly achievable. Numerous traffic solutions have already been implemented in different cities all over the world that make the ‘jump’ from traditional city to smart city. This paper provides an overview of the ‘smart’ transport solutions that have been implemented in the city of Skopje as a traditional city, which is on its way to becoming a smart city. The presented smart solutions are related to traffic management and control area and are aimed at alleviating traffic problems. The focus is on non-motorized solutions, e-vehicles, adaptive traffic control systems and public transport solutions. Several aims have been set in this paper – to promote the achievements of the municipality of Skopje aimed at transforming Skopje into a smart city in a transport area; to present its functionality, and to point out the disadvantages related to law regulations and the interconnection of all stakeholders involved. Finally, the idea is to provide a starting point for future research and to recommend future steps in this direction in the city of Skopje.

smart mobility, smart government, transport solutions

THE DEFINITION AND CLASSIFICATION OF INNOVATION

Timur KOGABAYEV, Antanas MAZILIAUSKAS

The paper presents the different definitions of innovation; the objective of the research being that of creating a theoretical model building on the previous work of several authors. The aim of the research is to define the different models, classifications and definitions of innovation. In this article we made use of a wide range of bibliographical sources on innovation, efficiency and also used comparative analysis of innovation definitions. Theoretical concepts were studied as well. The approach was constructed based on theoretical models of innovation definitions and used the technology and market perspectives. The main methods employed were comparative analysis of definitions of innovation and the creation of a model of innovation. It has been emphasized in the literature that the role of innovation is very important for making decisions regarding investment projects or investments for production. Innovation can bring benefits such as saving time, costs, and products and use them more effectively. Nowadays in the world, innovation is one of the most important factors of economic development, production, creation of a variety of products and in making management decisions. Innovation activity stimulates and has a positive effect also in investment activity. Innovation is the core action for the development and productivity of any economic activity. Investment activity and its results are directly dependent on the type of innovation that has been used. An important range of literature sources refer to innovation efficiency measurement criteria, which are in most cases related to product, technology (process) and market. The use of a number of different measurement indicators is leading to the need for further examination of the innovation-business performance relationship. Our findings have let us distinguish five major groups of criteria where various factors could be allocated. To the three groups (product, market and process) we allocate two additional groups: finance and management. Innovation plays an important role in the efficiency of investments in an organization, forms of business activity and state policy in the field of business and design.

innovation, economic efficiency, investments

URBAN NETWORKING VS. SMART CITY

Carmen Beatrice PĂUNA

Taking into consideration that the development of strong partnerships involving local citizens, civil society, the local economy and the various levels of government is an indispensable element for an Integrated Sustainable Urban Development, our paper is focusing on the role of an appropriate urban networking in the relationship with the objectives of a smart city. In this context, the Romanian good practices - as Oradea city - are worth to mention. In compliance with Europe 2020 Strategy’s objectives there will be discussed the particularities of urban networking in order to strengthen the resilience of cities, and to ensure synergies amongst the investments supported by European Structural and Investment (ESI) funds. According to economic literature the urban network is not a funding instrument but a way for cities to share feedback on the use of these new approaches. The estimated results of our research are related to the conclusion that the urban networks act as a forum for capacity building and exchange between the cities pioneering new techniques and developing integrated investments.

sustainable urban development, smart city, learning city

REGIONAL DEVELOPMENT POLICY IN INTERNATIONAL CONTEXT

Carmen Liliana CIOBANU

The European Union regional method is a revolutionary one, with the purpose of expanding and allocating resources for disadvantaged regions. Its progress is monitored in order to track the efficient use of funds and the application of suitable measures at European level policy interaction as Member State actions can bring consequences for others. Regional development targets all the subjects that are currently being discussed at national or European level, the effects of the reorganization, the greatest achievement concerning economic and social cohesion, mitigating intra- and inter regional differences.

risk, analysis, decisions, funding sources, investments

APPLICATION OF MARKOWITZ MODEL ON ROMANIAN STOCK MARKET

Ioana Coralia ZAVERA

Performance evaluation of financial instruments has become a concern for more and more economists, while security trading activities have developed over time. “Modern portfolio theory” comprises statistical and mathematical models which describe various ways in order to evaluate and especially analyse profitability and risk of these portfolios. This article offers an application of this type of model on Romanian stock market, the Markowitz model, by focusing on portfolios comprising three securities, and determining the efficient frontier and the minimum variance portfolio.

probability, risk, return, minimum variance portfolio, efficient frontier

Journal no. 3 from 2016 - issue date: 12/2016

INSTRUMENTS TO SUPPORT THE QUATERNARY SECTOR IN THE ROMANIAN CONTEXT

Codruţa Ilinca DRĂGOIU

The aim of this paper is to identify the link between industrial parks, clusters, incubators and those branches of activity generating/ potential generating growth and jobs in Romania. Through a theoretical approach of the issue and given the data available at national level, this undertaking was focused on the role of competitiveness in developing economic sectors based on smart specialisation, on the quaternary sector support instruments, as well as on the impact business incubators, clusters and industrial parks have on increasing employment by stimulating the emergence and development of SMEs. The tertiary sector is both condition and consequence of the technical progress and the link between services and material production is made by advanced technologies included in the quaternary sector. The government can support the development of this sector in particular by expanding the hard and soft infrastructure, educating and training skilled workforce, supporting research and development etc. Clusters, industrial parks and business incubators are the link between territorial and sectorial development and some branches of activity in the smart specialization field are advantaged. These branches are: bio-economy, information and communication technology, space and security, energy, environment and climate change, Eco-nano-technologies and advanced materials, and health. Clusters, industrial parks and business incubators can really make the difference when it comes to creating the necessary environment for a proper functioning of horizontal and vertical collaboration, leading to the emergence and development of industries generating progress.

territorial and sectorial development, competitiveness, the quaternary sector, clusters, industrial parks and business incubator

CAN MACHINES BE SELF-AWARE?

Ștefan IANCU

This paper is a summary of the impact that the impetuous development of information, science and technology may have on emphasizing trends and the role of artificial intelligence. It sets out to explain what conscience is, the way in which information is processed in the system of human thought, the relationship between this system and the study of human conscience and the way in which man-to-man, man-to-machine and machine-to-machine intercommunication is made. Some controversial views will also be displayed regarding the possibility of the existence of machines with a conscience are presented and then demonstrated why it would not possible to build such machines in the future. The conclusion is that, in the upcoming future, machines with a conscience are not consistent with reality and that the best thing would be to state that it will be possible in the future to build machines not with human intelligence, but only machines with algorithmic, binary intelligence.

artificial intelligence, conscience, intercommunication, human intelligence, algorithmic, binary intelligence

ASPECTS REGARDING THE IMPLEMENTATION OF QUALITY MANAGEMENT IN THE PUBLIC ADMINISTRATION

Elena CONDREA, Anca Cristina STANCIU, Mihaela CONSTANDACHE, Raluca Daniela RIZEA

It can be said that at present, the operation of a modern, flexible and effective public administration is a prerequisite for the structural transformation of Romanian society, undertaking a profound reform in all areas of social-economic life, increasing the role of citizens in the making of decisions. However, the implementation of these changes need to register on the coordinates imposed by the European Union, which requires the achievement of operating standards comparable to those of the Member States, on clearly defined terms. This is possible only if the organizations from within the public administration have an organizational culture oriented towards quality, the management of the respective organizations is permanently preoccupied with the satisfaction of the clients’ demands and needs. The quality of public services will have to represent the most efficient method of global needs satisfaction. In the present paper we have proposed to analyse several aspects regarding the implementation of quality systems, of quality management systems at the level of the public administration organizations because they represent an essential element of the performing character of the European public administration, of the Romanian public administration.

quality management, public administration, public services, clients satisfaction

THE OPINION OF THE DAMBOVITA TOURISTS REGARDING THE ROMANIAN TYPE OF TOURISM

Georgiana-Daniela BADICU, Andreea-Violeta ANDREIANA

Tourism has become nowadays a task as important as the ones carried out in other key sectors of the global economy. Tourism phenomenon is very difficult to be established because like any human activity, it falls within the interdisciplinary study, involving in the same time economists, geographers, psychologists and sociologists. In this paper, we intend to make an X ray of the Romanian tourism indicators both in terms of tourism, found in statistical yearbooks and analyzes from the perspective of the Dambovita tourists.

tourism indicators, absolute changes, relative changes, types of tourism, accommodation units

TRANSPORT AND LOGISTICS SERVICES MARKET IN ROMANIA

Andreea Bianca ENE

In the current era, it is almost impossible for a trade company to be able to operate without the goods transport and storage services. Therefore, the transport activity can be considered "the veins" of any trade company. The reason I chose the title "Transport and logistics services market in Romania" is that I noticed the increasing importance of transport and logistics in the last period. The purpose of this paper is to determine the evolution of trasport and storage services, and in this sense has been achieved a desk research, in which I have analyzed the statistical data for the years 2010-2014 regarding transport services in Romania. I believe that this paper will be useful for those who want to understand the significance and the role of transport and logistics services to the economy, representing a suitable source of information in this area.

transportation, logistics, warehousing, cargo, services

DISCUSSION ON GOVERNMENT AUDIT AND NATIONAL ECONOMIC SECURITY

Han ZHANG, Xueying JIANG, Lisha GU, Xiaoxin YANG

This paper analysis the theoretical basis of making the government audit involve in the national economic security through the three perspectives of audit essence, government supervision, institutional equilibrium, and studies the government audit to play the strategic defense and the removal, repair of micro-system roles to maintain the national economic security, then from a correct understanding to the connotation and denotation of the economic security, through the several aspects of improving the auditing system, establishing the evaluation index system of economic security, emphasizing the financial security auditing and the national economy information security auditing, providing the government how audit should play its role better in the aspect of national economic security maintenance.

government audit, economic security, information security

EXCELLENCE IN OBJECTIVE STRATEGIC EDUCATION IN THE MILITARY UNIVERSITY

Gabriel-Iulian TĂNASE, Marian VELICA

The evolution of the Romanian Army is marked and sustained by military schools, which, over time, regardless of form, structure or organizational level, were veritable pillars of its functionality. Higher military education system has the task of initial and ongoing training, advanced training of specialists and officers according to the needs of the Ministry of Defense through undergraduate studies, master’s, doctorate and postgraduate education. Teaching quality has become an issue of importance to the training process in higher education facing continuous changes: increasing national and international competition, increasing social level, geographical diversity of the student body, increasing need of quality training, introduction of information technologies, and so on.

military education, quality training, excellence, European integration

DISCUSSING CONTEXT AND PERCEPTION OF PUBLIC AND PRIVATE LAWS AND THEIR IMPACT ON SOCIETY

Christopher de Freitas BRADLEY, Florina SANDU (UDROIU)

Dating back to ancient times there seems to have been a need to bend or even remove the rules of private law concerning the category of goods which are intended for usage by the entire population. These goods are considered of utmost importance for society, they have gradually undergone certain restrictions in order to not be diverted from the purpose they serve, that is forming the public domain. The interest in this matter among specialists which are outlined in the administrative guidelines, is the fact that the public institution itself does not show merely a theoretical character, but a practical one. Its associations exceed the concern of what is considered legal and enters into the socio-economic and political realms. Given that the goods included in the public domain are separate from the rest of the goods in a society, in that their legal status requires certain features, which is supported in the administrative guidelines, but consequently preserved in the normative acts adopted over time. Due to this fact, it is absolutely imperative that the new administrative guidelines set in place for the public domain to be concise, leaving little to no room for interpretation and most importantly the have to be in line with the constitutional rights for individuals. By achieving this aspect, public and private laws can no longer be misinterpreted or taken out of context in order to benefit the state or the property owner. Since the introduction of the public domain, laws have been conceptualized on the foundation of the Romano-Germanic civil law system, later revised and adapted by the Napoleonic regime and finally re-interpreted and implemented by each country separately based on their socio-economic infrastructure. Overtime these laws seem to have lost their essence, laws that were initially meant to protect individual rights and benefit the public, have been taken out of context and made into laws that mainly benefit the state. This paper aims to examine the impact of these administrative laws on society as a whole and propose some ideas to rectify and improve the current situation of the public domain.

context, public domain, administrative laws, constitutional rights

Journal no. 2 from 2016 - issue date: 08/2016

SYMMETRY AND DYNAMISM IN SYSTEMS THEORY

Eufrosina OTLĂCAN

Study of geometrical symmetry, yet appeared in ancient times, was continued later by algebra, with group theory and matrix calculus. Since the 19th century, various scientists, mathematicians, chemists, physicists, aestheticians, contributed with studies about symmetry and asymmetry, demonstrating the importance of the alternation symmetry/asymmetry for evolutionary processes.

symmetry, asymmetry, orthosense, dynamic symmetry, symmetric evolution

EVALUATION OF SCIENCE AND TECHNOLOGY FINANCE EFFICIENCY -BASED ON SUPER EFFICIENCY DEA MODEL

Shun YUAN, Na FEI, Lisha GU, Xin ZHAO

Development of science and technology is closely related to financial investment and government support, thus, science and technology participants’ behavior and related input-output factors are analyzed to improve government’s technological effectiveness in science and technology investment. In this research, Super efficiency DEA model and Malmquist index are applied to evaluate the characteristics of science and technology finance efficiency in the perspective of space and time. Our analysis enables policy makers to identify an area’s strength and weakness in science and technology, and integrate these results on special financial support.

Super Efficiency DEA; Science and Technology Finance; Malmquist Index; Efficiency

DIGITAL ECONOMY IN ROMANIA - SOCIOLOGICAL AND ECONOMIC DYNAMICS

Ghenadie CIOBANU, Catalin GHINARARU

The current economic conditions have made a high number of enterprise moves towards internet-based systems to increase efficiency, reduce operating costs and support the capacity of operating in real-time between various platforms. That is why many companies redesign the main business processes – mobility, cloud computing, information systems for economic and decisional support and social networks. As a result, new products and services fully based on the internet have appeared and continued to evolve and they can compete with the existing ones. Other business models that have emerged related to online platforms, which act as an intermediary between sellers and buyers. In this article, we make a review of the Digital Agenda in Romania and trends on the development of the digital economy, reflecting the trends of Population’s access to and use of computers, Internet access, and a brief sociological analysis.

Digital economy, digital agenda, sociological analysis, digitization dynamics

THE ONGOING INDUSTRIAL REVOLUTION – ACHIEVEMENTS AND IMPLICATIONS

Valeriu TUDOR

Mankind has countless proofs of industrial development, from pyramids placed in any location on earth to tunnels, statues and monuments, whose construction throughout the millennia of mankind existence on the Planet Earth still cannot be explained, under many aspects, even though suppositions are made, including ones referring to aliens. In the following article, short reference will be made to the industrial revolutions in the second part of last millennium and the beginning of the present one.

industrial revolution, development, economic and social life

ASPECTS AND TRENDS CONCERNING THE QUALITY OF HEALTH CARE SERVICES IN ROMANIA

Anca Cristina STANCIU, Elena CONDREA, Mihaela CONSTANDACHE, Alexandra STANCIU

The study of orientations and trends in the quality of health care services that meets the needs of sustainable and responsible development, in accordance with EU requirements is a necessity of the current period. This paper aims to highlight the main objectives of the health systems and the factors on which rely their achievement, considering that solving the important issues of health field depends both on their complexity and quality of the management. The need to improve quality management in health care is linked to the fact that in this activity this is the major route of development. Quality management in general and of the health services in particular are relatively new concepts introduced in the literature and clinical practice by taking over functions and methods of financial management, specific for quality of health care being considered planning, control and improvement. Quality problem prevails in all fields, including health care; in this area are currently elaborating many projects and methodologies for optimizing the quality, of which could be distinguished the implementation of quality management systems.

Quality, Management, Health, Development

INTEGRATED COMMUNICATION IN PRIVATE SECTOR ORGANISATIONS

Adriana GRIGORESCU, Maria-Magdalena LUPU

After nearly 30 years after the emergence of this concept, during which progress that has met its use in practice, studies and theorizing its demonstrated effectiveness and benefits indisputable to organizations that practice this type of communication, it seems there is still a lot of confusion about what is and how it is integrated communication. This paper aims to focus research and theoretical aspects of the concept and to consider how known and applied integrated business communication within private organizations in southern Romania. This approach is actually a picture of the realities of the business world although Romanian who is facing serious problems in carrying out daily activities must adapt to global developments.

integrated communication, business communication, strategic communication, management

THE IMPORTANCE OF MARKETING MIX IN THE DEVELOPMENT OF THE PENSION "THE GARDEN RESORT"

Violeta-Andreea ANDREIANA, Georgiana-Daniela BADICU, Dorin IANCU

New trends of tourists are targeting to the rural areas, the search of some ideal places for rest and recreation, which is a chance for development of rural areas deprived, contributing to valorisation the potential of the area, raising living standards, job creation employment, economic growth area, decongest crowded tourist areas etc. For a hostel to carry on turist business for purposes of profit, it is imperative that the marketing mix to be well formulated. Analysis of the marketing mix is an opportunity to identify if services meet the requirements of tourists, if their price is accepted, if the distribution of tourism services is most appropriate and whether to offer greater promotion pension.

hostel, marketing, marketing mix, tourism, tourist activity

BUCHAREST IN DUTCH LANGUAGE ONLINE VIDEO TRAVEL STORIES

Diana Mariana POPA

This article presents information of interest for researchers studying tourism or cross-cultural interaction, for economic actors involved in the tourism industry and for public managers wishing to improve the attractiveness of the city as a touristic destination. Dutch tourists visiting Bucharest or Romania are a group yet little researched, but with a very high potential, seen how a very large part of the Dutch population spends a holiday abroad, while also spending considerable sums of money on vacations. This article looks at Dutch language video narratives about Bucharest, uploaded on YouTube. Online video reviews can be seen as means of expressing satisfaction or dissatisfaction with a holiday destination purchase or as a means of self-expression. Many of analyzed videos in this article are more similar to aesthetic videos rather that product reviews, in which the city is the supporting actor and the content creator is the main actor. Prior expectations of Dutch tourists visiting Bucharest are quite low but their expectations are exceeded and the level of satisfaction is high. It can be expected that the more online reviews will be available to the public, the more the expectations of future Dutch tourists will be higher, as they will most likely use the available information as filtering mechanism. The city should thus be better marketed as a city trip destination with the help of this sort of online video reviews, presented by tourists from different countries in their native language. This is because when watching such a video review about a destination, the anticipated otherness of the location is diminished by the familiarity of the presenter, through the shared language and cultural frame.

tourism, YouTube, expectations

CONSIDERATIONS RELATING TO MODELING OF ADMINISTRATIVE INSTITUTIONS AND COURTS IN LIGHT OF COMPUTERIZATION OF THE PROCESSING FLOWS

Ioan-Liviu CHIRCĂ

The activities of the public administration(in Romanian sense of and of the courts (processing and decision) are typical for processing in flow of the information's. Areas of activity flows associated processes involved in are various: legal, administration, the management, economic etc. Each area has its own scientific system, characterized among other things by a specific jargon and through a particular logic. Meanings statements made in such jargons are in varying measures close meanings to the same statements in literary language. Similarly, the fundamental characteristics of the particular logic systems differs more or less from mathematical logic, who is the logic of the computer systems and implicit of computerization.. In addition, institutional systems (complex human resources, technical means, rules, know-how and resources software) have simultaneously negentropic and entropic behaviors. The proposed model based on the above considerations, configured to computerization, highlights the prospects and limits of specific software products.

administration, legal, information technology, jargon( professional language), logic

BOOSTING SOCIAL CHANGE THROUGH SOCIAL INNOVATION LABS

Andreea-Maria TÎRZIU

In an era in which society is becoming more and more based on knowledge, and digital technologies have become indispensable for carrying out daily activities, social change becomes a problem whose solution cannot wait postponement. This paper intends to present a framework on the importance of developing social innovation labs as instruments for achieving social change, social innovation bringing countless benefits in the individuals’ life. The methodology used for conducting this research is bibliographical – therefore we chose to study the research of specialists in the field, both from Romania and abroad, and empirical – achieved by constructing a case study on best practices examples of these living labs. Through social innovation labs, individuals form connections with each other, they mobilize in order to achieve a common goal – to create a better future. Research shows that social innovation labs behave like normal labs, thus they invent and experiment on finding solutions for the challenges of today’s world. Often, they generate promising solutions. However, in order for those solutions to be successful, the fact that the human resource is the crucial element should not be forgotten. Hence, individuals’ ability and willingness to cooperate should be considered, not only by electronic means, but also through traditional methods of participation in the process of social change through innovation.

social innovation, social change, living labs

Journal no. 1 from 2016 - issue date: 04/2016

KEY ROLE OF ADMINISTRATION IN ”SMART CITIES” DEVELOPMENT

Cristina LINCARU, Speranţa PIRCIOG, Vasilica CIUCĂ, Draga ATANASIU

Among the „hot” policies priorities of European Policy is the “Smart City” (Washburn, 2011) as a consequence of the fact that “today 78% of European citizens live in cities, and 85% of the EU’s GDP is generated in cities (Smart cities EU, 2013). These spatial agglomerations of populations are accompanied with positive externalities like:”jobs, growth and investment, innovation, energy efficiency, low-carbon development”, providing better quality of life for its inhabitants. Challenges or opportunities produce for all actors of these agglomerations the need of developing new behaviours and regulations. In global competitive framework becomes more and more visible that only the cities that are able to find solutions for all its members (citizens, business, all stakeholders) and use the technology in an intelligent manner will attract resources and will improve citizens’ lives or else will be deserted. There is out of question the success of any Smart technologies application in the cities infrastructure without the city administration inclusion next to “education, healthcare, public safety, real estate, transportation, and utilities - in a more intelligent, interconnected, and efficient.” (The International Telecommunication Union (ITU) is the United Nations, 2014). Dirks (2009) links the “smart city” concept with government or public administration and its citizen, including new channels of communication for the citizens, e.g. "e-governance" or "e-democracy". This integrated approach moves from the “Smart Governance” (Batagan, 2011) towards The Urban Systems Collaborative inter-disciplinary community shaping. (Harrison &Donnelly, 2011). At this moment there are many debates regarding the “smart city” main dimensions, including or not the administration / governance. Our intention is to emphasise the key role of administration / governance in the life of the “smart city”.

smart cities, public administration, citizen, collaborative systems

A COMPARATIVE STUDY ON “ENVIRONMENTAL PROTECTION LAW” IN CHINA AND ROMANIA

Fumin SONG

The government of China and Romania both protect environment through the way of legislation, the related legislations provide a series of environmental protection provisions, in order to find similarities and differences, thus learn from each other, this article will do a comparative study on "Environmental Protection Law" in China and Romania.

environment protection; environment problem; legislation

MANAGEMENT IN TOURISTIC INDUSTRY. ROMANIA VS. TURKEY IN TERMS OF TOURISM

Norina POPOVICI, Camelia MORARU

At the beginning of this century and millennium, travel and tourism industry worldwide represented the most dynamic sector, but at the same time, the most significant generator of jobs. In view of this century, it has been embraced the idea that the world economy will be coordinated by three service industries: information technology; telecommunications and tourism industry. This paper approaches the topic of tourism, in particular the Romanian tourism in parallel with Turkish tourism, in which were analyzed the determinants behind Travel & Tourism Competitiveness Index from the perspective of two states directly competing, Romania and Turkey and in the end were presented and commented the main indicators of tourism in comparison for the two countries analyzed. In the ranking carried out based on the Travel & Tourism Competitiveness Index, Romania occupied 66th place in 2015 from 141 countries, while Turkey ranked 44, being with 22 seats in front of Romania..

tourism and travel, competitiveness, sustainable development

THE NEW MODEL OF ECONOMIC GROWTH OF OECD COUNTRIES - NORMATIVE REFERENCE FOR ROMANIA

Beatrice CHIRIAC, Cristina LINCARU

In this article we present some intermediary results from the study "New geography of employment in Romania. Spatial perspectives of the labor market". Our interest was focused on the delimitation of theoretical aspects and new normative theory regarding economic growth, used by the Organization for Economic Cooperation and Development countries, for the application of a new model of economic growth. The problems identified in 2000 for which were formulated policies sets dedicated remained and are still persistent, which determined initiating a process of change in these sets of policies. Demographic problems, high unemployment and persistent lack of labor force participation, low productivity, high deficits and public debt and prolonged effects of the financial crisis still affecting the economy and society largely. Additionally, the recent crisis has caused a significant distortion of reforms, removing them from goals. Our article highlights briefly on theoretical elements: concept and types of models of economic growth factors and ways to use the factors of production. The results of OECD Report is a normative reference for the analysis of the above mentioned study. Employment and economic growth are the subject of implementation of reforms in different areas, each country choosing its own model, but the analysis of these results represent a valuable input for Romania.

employment, economic growth, models

THE CURRENT SITUATIONS OF FDI IN ROMANIA

Yuanyuan SUI, Han ZHANG

In the process of early industrialization and modernization in Romania, FDI played an important role. In the period of socialist planned economy, FDI was totally banned. After 1989, the period of economic transformation, Romania pays attention to and actively makes use of foreign capital. The FDI continues to inflow into Romania. There are several characteristics displayed on FDI, such as enterprise scale polarization, unequal geographical distribution and source distribution, the gradual lost of low cost advantage factors and the low degree of FDI into local economic. Also, some industries to Chinese companies, there are good investment opportunities and prospects in Romania, mainly telecommunications, new energy, infrastructure construction, modern agriculture etc.

current situations, Romania, FDI

INDUSTRIAL PARKS, BUSINESS CLUSTERS AND BUSINESS INCUBATORS – INSTRUMENTS TO PROMOTE AND SUPPORT COMPETIVENESS, WITH AN IMPACT ON ECONOMIC GROWTH AND EMPLOYMENT

Codruţa Ilinca DRĂGOIU

The need for accelerated recovery of regional disparities gives innovation a central role in this process, regardless of the specifics of the region. Our interest was directed towards the major regulations targeting economic growth and employment. Following the inventory of this wide range of legal instruments, we focused our attention on the eligibility criteria/ conditions to be met in order to qualify for specific regulations, on intervention mechanisms, on the role of central public and local authorities. Our approach has identified industrial parks, business clusters and business incubators as instruments to promote and support competitiveness, innovation, where scientific research and technological development are capitalised, with benefits for the entire region, stimulating the creation of high-quality employment. These instruments also intensify the collaboration and proper functioning of partnerships, contributing, each with its own specific character, to creating a favorable and sustainable environment in which start-ups can develop harmoniously locally and regionally, while citizens are able to access a better quality of life. Thus, we explored the key measures/ instruments to minimize market failures, support investments, promote modernization and diversify the activity of economic agents, encourage start-ups, etc., that determine structural changes, revitalize economic sectors, ensure the necessary framework for regional development and lead to the increase of competiveness in a knowledge-based economy, at the same time encouraging cohesion and territorial cooperation.

employment, legislative instruments in promoting and supporting competitiveness, intervention mechanism, public authorities

THЕΟRІЕS USЕD ІN NЕURΟ-LІNGUІSTІС PRΟGRΑMMІNG (NLP) FΟR MΟTІVΑTІΟN

Bοgdan - Αlехɑndru FURDUЕSСU

Nеurο-Lіnguіstіс Prοgrɑmmіng (ΝLP) rеprеsеnts ɑll thе mеthοds, tесhnіquеs, tοοls, prοсеdurеs, thеοrіеs ɑnd mοdеls usеd tο οbtɑіn ɑ сhɑngе. Іt іs ɑ lіfеstylе οrіеntеd οn thе ɑpprοprіɑtе usе οf thе wɑy іn whісh mіnd, wοrds ɑnd rеɑsοn ɑrе сοnstruсtіng rеɑlіty, mеntɑlly οpеrɑtіng thrοugh сοmmunісɑtіοn tοοls. Іt ɑlsο іs thе сοmbіnɑtіοn οf ɑ „usе mɑnuɑl” οf mіnd ɑnd ɑ guіdе οf lіnguіstіс, sοсіɑl ɑnd еmοtіοnɑl gοοd prɑсtісеs, ɑllοwіng bοth thе сοntrοl οf nеgɑtіvе mοοds ɑnd sіtuɑtіοns ɑnd thе ɑссеss tο funсtіοns thɑt сɑn сhɑngе thе wɑy іn whісh ɑn іndіvіduɑl lіvеs hіs lіfе. Οn thе οthеr hɑnd, thе сοnсеpt οf mοtіvɑtіοn hіdеs ехtrеmеly dіffеrеnt mеɑnіngs frοm οnе ɑuthοr tο ɑnοthеr, thе fοllοwіng dеfinіtіοn bеіng сlοsе tο thοsе οf psyсhοlοgy οf οrgɑnіzɑtіοns: „thе ɑсtіοn οf fοrсеs - сοnsсіοus οr unсοnsсіοus - thɑt dеtеrmіnе thе bеhɑvіοr”. Οn thіs bɑsіs ɑnd wіth thе іdеɑ thɑt mοtіvɑtіοn іs „ɑ prοсеss whісh іnvοlvеs thе wіll tο strіvе, tο guіdе ɑnd tο strοngly suppοrt еnеrgy tοwɑrds ɑсhіеvіng οbјесtіvеs ɑnd wοrklοɑd, οn οnе hɑnd, ɑnd tο еffесtіvеly trɑnslɑtе thіs іntеntіοnɑl bеhɑvіοur ɑs wеll ɑs pοssіblе ɑссοrdіngly wіth pеrsοnɑl сɑpɑсіty, οn thе οthеr hɑnd”, wе сɑn sɑy thɑt thе thеοrіеs usеd іn ΝLP fοr mοtіvɑtіοn сοnstіtutе thе dесіsіvе fɑсtοr іn thе pеrsοnɑl ɑnd prοfеssіοnɑl dеvеlοpmеnt prοсеss.

Trɑnsɑсtіοnɑl Αnɑlysіs, mοtіvɑtіοn, Nеurο-Lіnguіstіс Prοgrɑmmіng (ΝLP), Gеnеrɑl Sеmɑntісs, thеοrіеs

ECONOMIC AND FINANCIAL ANALYSIS OF A COMPANY

Andreea Bianca ENE

In this era, it is almost impossible for a business manager to be able to operate an enterprise without understand how financial aspects influences the company life. The reason I chose the title " Economic and financial analysis of a company " is that for any business manager is essential to have the ability to understand financial data, because the finance could be considered the language of business. The purpose of this paper is to present a way of a financial analysis of a company, and in this sense has been realized an analysis for a Romanian company. I think that this case study will be useful for those who want to know how we can make and interpret an economic and financial analysis of a company, being a suitable source of information in this area.

financial analysis, company, net profit, turnover, profitability

PROFESSIONAL TRAINING OF CIVIL SERVANTS FROM THE ENVIRONMENT AND PUBLIC HEALTH SYSTEMS IN ROMANIA

Dragoș DINCĂ

This article presents an analysis of professional training of civil servants from the environment and public health systems in Romania. The diagnosis was done through the survey method using the questionnaire as a tool, a method that allows rapid data collection on an expanded population. The questionnaire survey is used to obtain information from the direct beneficiaries of the training program. The target group comprised 629 persons in the system of environmental protection (206 from central level - Ministry of Environment, the National Agency for Environmental Protection and the National Environmental Guard, 423 at their local bodies - Environment County agencies and County Environment Guard) and 470 persons in the public health system (48 from central level - Ministry of Health and the National Center for public Health Statistics and Informatics, 422 territorial level - County public health directorates).

civil servant, initial training, continuous training, training needs analysis

ECONOMIC INFORMATION SYSTEM

Marian VELICA, Gabriel-Iulian TĂNASE

The development of market economy, the direction of all its components in a convergent sense, ensuring the attainment of objectives established within the general economic development strategy, requires the organisation of a specialized system in the acquirement, storage and use of information within the field of social-economic activity. Through the economic informational system, there are practically achieved the knowledge of all processes occurring within the economic area, of results of activities carried out by each cell of the economic body, the deviations that might occur are measured and their causes are determined.

system, information, economy, resources, social, decision

Journal no. 3 from 2015 - issue date: 12/2015

HYSTERESIS IN UNEMPLOYMENT FOR TAIWAN’S REGIONAL DATA: PANEL KSS UNIT ROOT TEST WITH A FOURIER FUNCTION THROUGH THE SEQUENTIAL PANEL SELECTION METHOD

Li-Hung WU

This study applies the Sequential Panel Selection Method (SPSM) proposed by Chortareas and Kapetanios (2009) to test the validity of hysteresis of unemployment for a sample of Taiwan’s 20 regions semiannual from 1993 to 2012. SPSM classifies the whole panel into a group of stationary countries and a group of non-stationary countries. In so doing, we can clearly identify how many and which series in the panel are stationary processes. We propose a Panel KSS test with a Fourier function for the SPSM in our empirical study, the results of which indicate that natural rate of unemployment holds true for most of the 20 regions studied. Our results have important policy implications for Taiwan’s 20 regions in this study.

Hysteresis of unemployment; Taiwan’s 20 regions; Sequential Panel Selection Method; Panel KSS Test with a Fourier Function

DIGITAL TRANSFORMATION OF THE BULGARIAN TEXTILE SECTOR

Milanka SLAVOVA

Digital transformation helps the organizations to remain competitive in the changing technology environment. Digital technologies provide opportunities both for the most advanced and the traditional sectors. The Bulgaria textile and garment companies prioritize the digital transformation based on the target groups they aim at. They have success both in transforming the operational processes and the customer experience.

digital transformation, textile industry

WHAT DO PEOPLE WANT FROM THEIR JOBS? A DUAL FACTOR ANALYSIS BASED ON GENDER DIFFERENCES

MARJI TANIA ISSA EID

The main purpose of the paper is to identify what employees want from their jobs from the perspective of Herzberg’s’ two factor theory. The study wants to determine empirically the motivator-hygiene factors that have a significant impact on the overall level of Romanian employee job satisfaction using stepwise regression models, as well as to compare the existence of differences in the key dimensions of satisfaction according to workers' gender. The factor “work itself” was the most motivating aspect for Romanian employees while the least motivating aspect was “salary”. All of the job motivator and hygiene factors were moderately or substantially related to overall job satisfaction. The factors “working conditions,” “salary” and “achievement” explained the variability among Romanian employees’ overall level of job satisfaction. Furthermore, a gender analysis was conducted in order to identify if there are significant differences between men and women regarding the overall job satisfaction and the job factors resulted from the regression analysis. The empirical results of Mann-Whitney tests revealed that the gender characteristics were negligibly related to overall job satisfaction and also there are statistically significant differences between males and females about salary as one of factors that motivate employees.

employees’ motivation, Herzberg’s Motivation-Hygiene theory, non-parametric tests, stepwise regression

HIGH QUALITY MANAGEMENT IN PUBLIC AND PRIVATE SECTOR

Adriana GRIGORESCU, Adelina DUMITRESCU – PECULEA

The fundamental components of the socio-economic environment are based on the results achieved by public administration structures and private organizations because each of these sectors has different components and also different behaviors. Thus, building an efficient and sustainable public administration means high quality management and managers, public servants with the ability to innovate and work towards performance measurement system for monitoring and decisions-making. For implementing such mechanism, clear and transparent decision processes, a good management of available resources, an adequate institutional and administrative structure and standards centered on public interest promotion are necessary. This paper aims to present the outcomes of a survey that was meant to evaluate the perception of citizens about their relationship with the private sector and public administration representatives. Knowledge of the image the public administration has among business community allows the establishment of measures to determine its adjustment.

business management, public management, mission and performance, efficient public services

THE COMPARISON AND INTERACTION OF THE ROMANIAN AND VIETNAMESE NEGOTIATION STYLES

Andrei CONDREA, Mai ANH NGO

Today’s society is increasingly connected, distance between a set of people becoming a nonfactor due to advancements in communications technology. Thus, you can have teams of people from half a world away meet and sit down together. This applies to our case, Romania and Vietnam, two countries which, while they have had little to no direct interaction, are very similar in terms of culture, both professional and personal.

negotiation style, cultural differences, business culture

SMART – ECONOMY CONCEPT – FACTS AND PERSPECTIVES

Diana APOSTOL, Cristina BĂLĂCEANU, Eleonora Mihaela CONSTANTINESCU

The main question regards the functioning of development in the terms of quality consists in extending inclusion and generating efficient allotment of separating the productive act from consuming energy, nonrenewable resources, desertification and unsustainable emissions. All these actions seem to restrict economy and its capacity of contributing to the reduction of inequalities. What remains central and problematic is the attempt to satisfy the needs of the present without prejudicing the future generation’s capacity of equally covering their needs (Brundtland Commission 1987). There is no species of sustainability that could harmonize the economists and ecologists’ theories regarding development; at the same time, ecologists and economists continue to disagree regarding the manner in which they understand to approach the issues of growth, development and sustainability.

smart economy, sustainable, economic growth, economic degrowth, quality of live

INCOME REDISTRIBUTION THROUGH THE ROMANIAN TAX-BENEFIT SYSTEM: ESTIMATION OF PRO-POOR EFFECTS

Eva MILITARU

The paper attempts to assess the effect of the Romanian tax-benefit system on household income redistribution. The estimation of the effects of the tax-benefit system on income redistribution is a central issue in economic and social policy analysis. The dynamics of household income distribution is a complex process, result of macroeconomic changes, policies, institutions and behaviours, and of the interactions among them. Poverty and income inequality incidence in Romania are amongst the highest in the EU. In this context, our paper aims at analysing whether the income redistribution in Romania is beneficial for the poor. Our analysis uses annual micro data for Romania from the European Union Survey on Income and Living Conditions (EU-SILC), which is a nationally representative survey. For the estimation of direct effects of social benefits and taxes on household incomes we use the tax-benefit microsimulation model EUROMOD.

Tax-benefit system, Income redistribution, Poverty, Microsimulation

THE ANALYSIS OF AN UNESCO TOURIST ATTRACTION

Andreea Bianca ENE

Under the current circumstances, people lose contact with nature and origins of human society and feel the need to escape in nature, to recover and to recuperate strength. Tourists from economically developed countries want various tourist products, developed under special conditions, in different geographic areas from those of origin, for meeting unique culture and having a holiday in nature. This paper has the title „The analysis of an UNESCO tourist attraction”, showing – The Buffalo National Park, a natural tourist attraction classified in UNESCO, which is located in Canada. I chose Canada because I wanted to present one of the beauties that this country has, being very important to promote also other places than the most common, to stimulate the desire to make tourism. Regarding the methodology that underlies this project, I used data supplied by World Tourism Organization (UNWTO), about International Tourist Arrivals and International Tourism Receipts in 2010-2013. The purpose of this paper is to present with interest a major tourist attraction by identifying the criteria underlying the classification of UNESCO.

tourism, tourist attraction

EFFICIENT ROLE OF THE STATE IN EDUCATIONAL MANAGEMENT

Mihaela JARADAT

Human resources specialists consider motivation as financial reward in it selfs does not lead to increased motivation, however, it is likely to become the dominant monetary factors away teachers in developing countries, countries where wages and the other material rewards have a very low level. Various researchers have shown that the motivation of teachers work with students, and not a financial gain is the main determinant of job satisfaction among teachers. Instead, teachers are dissatisfied in terms of work load, low major and negative status in society.

education, motivation, curriculum, efficiency, management

STRATEGIC STAGES IN THE DEVELOPMENT OF A CULTURAL-RELIGIOUS SERVICES

Nicoleta POPESCU (SPÂRCHEZ)

Paper purpose –In the activities related to developing a good service one must take into account five elements which are essential for the development of any strategy: promotion, price, service, investment, staff. This is the reason for which the main objective of this research refers to determining the main of the possibilities to improve the sustainable development for the cultural-religious services. Approach/method – Microeconomic and macroeconomic change is a process which is not simple to coordinate and which requires major risk-taking. Recently it was noticed that the globalization phenomenon caused more rapid, complex and extensive changes. Human, cultural and religious dimensions are essential for what change requires. Findings – This approach gives the possibility of elaborating certain strategies for emergent situations which could give the possibility: to discover new fields (new markets, new products, new technologies) and to provide an environment which facilitates combining various persons (with broad and varied culture, experience and studies). Originality/value –This is the why this approach included the role of man and, of course, of society in the performance of educative, religious and cultural activities.

strategy, sustainability, service, culture, religion

BOOK REVIEW

Adelina DUMITRESCU PECULEA

THE YOUTH EXPERIENCE GAP EXPLAINING NATIONAL DIFFERENCES IN THE SCHOOL-TO-WORK TRANSITION by FRANCESCO PASTORE, Springer Cham Heidelberg, New York, London, 61 pp., 2015. ISBN 978-3-319-10195-8; ISSN 2191-5512 (electronic).

BOOK REVIEW

Journal no. 2 from 2015 - issue date: 08/2015

RESEARCH ON DEBT RISKS OF CHINESE LOCAL GOVERNMENT FINANCING PLATFORM

Pei ZHANG

Euro Crises triggered highly attention around the world. Many national governments strictly reduce risks about government debt. As an implicit debt of government, the debt of Local government financing platform rose rapidly in order to cope with financial crises. In this context, this paper studies the problem of a Chinese local government financing platform by using modified KMV model. By calculating risks and safety margin scales of outstanding debt, this paper puts forward an approach to measure debt risks of platform enterprises. It finds that when the leverage ratio of financing Platform Company in Guangxi province is under 20%, the probability of default is very small. When the leverage ratio is above, probability of default increases rapidly. When the leverage ratio is about 35%, probability of default approaches to 1. At last, solutions are provided to manage risk including financial innovations, cooperation and information disclosure.

government finance, government guarantee, financing platform, debt risk, KMV model

ACTIVE LABOR MARKET POLICIES IN ROMANIA AND BULGARIA: AN EMPIRICAL EXAMINATION

John M. POLIMENI, Raluca I. IORGULESCU

Active labor market policies (ALMPs) have long been used to assist in structural adjustments and to prevent the jobless from getting ensnared in long-term unemployment. ALMPs are often used to help stop the dependency on public transfers, especially in recent years when countries have dealt with a global financial crisis and large public debt. The four main types of ALMPs have different ways of accomplishing the same objectives, chief among those reducing unemployment. As a result, ALMPs are often costly. There are two measures to determine the importance of ALMPs at the macro level: 1) the number of workers in an ALMP program as a share of the labor force; and 2) the public expenditures on ALMPs. This paper will focus on the second measure, public expenditures on ALMPs, to examine the importance of ALMPs in Romania and Bulgaria. The paper concludes with a discussion of the policy issues associated with ALMPs.

active labor market policies, unemployment

ASSESSMENTS ON THE REMITTANCES DESTINATION FOR CHILDREN'S EDUCATION

Speranţa Camelia PÎRCIOG, Gabriela Adriana PREDOŞANU, Mădălina Ecaterina POPESCU

Our study identifies how remittances are used in migrants’ families and evaluates the amount of money targeted for the education of the children “left behind”. In order to carry out the analysis, we collected micro-data from a survey elaborated by the National Scientific Research Institute for Labour and Social Protection in August 2014. The survey was addressed to 300 households and showed that in general there are different "profiles" of the respondents, of the migrants, of those who sent/brought money at home and of those with children “left behind”. Our econometric model confirmed and nuanced the findings highlighted by the survey data analysis. More precisely, the attitude of migrants with children “left behind” is more careful and financially responsible, since the share of parents who send money or return with money surpasses that of remittent migrants, in total. Moreover, remittances are mainly used for daily needs and in order to support the children “left behind” to further on focus on their education. As a particularity of the “profile” shown from the survey, it seems that migrants who send money especially for school fees, school supplies, textbooks, etc. are in general male, with low-medium education level, committed to support children and to provide them better conditions for learning, training and development. The econometric model confirms this “profile” (there is a smaller probability of migrant women to send money for tuition fees payment -65.5%) and it reinforces the claim on the responsible attitudes of migrant parents (families with larger numbers of children “left behind” spend more money on "education": the likelihood of spending remittances for school fees increases 84.7% for every more child).

migration, remittances, education of children left behind, econometric model

INNOVATIVE TOOL TO DETECT YOUNG PEOPLE AT RISK OF DROPPING OUT

Liliana GRECU, Magdalena VELCIU

In this paper, we present the "Risk Detector", one of the principal tools for screening and intervention to prevent school and training dropout. It aims to identify young people at risk of abandoning school by collecting and interpreting information on the incidence of situations and problems these phenomena of dropout, with threatening impact on the development and professional life. The methodology for developing the tool "Risk Detector" was developed through a research partnership during the Leonardo da Vinci Transfer of Innovation project namely "Support against Vocational Training and Education Dropout" - SAVED.

school dropout, vocational training dropout, risk of dropping out

THE RELATIONSHIP BETWEEN ORGANIZATIONAL CULTURE AND HUMAN RESOUCES MANAGEMENT

Georgeta ANDRONACHE (GOGEANU)

Organizational culture has a strong influence on the performances of an organization. Representing the values and beliefs of its members, organizational culture influences both its long-term goals and routine work, day by day. On the other hand, diversity and human otherness, essentialized by Mihai Eminescu in avant-garde expression "Every man is a question asked again and again to the universal spirit", makes any individual to be an entity endowed with a different set of moral norms, beliefs and values, continually influenced by ethnic, cultural, national, religious and political environment in which he originates. Considering the above mentioned aspects, we can say that the success of a school organization depends largely on the competitiveness of human resources, the way they are managed and two-way relationship between organizational culture and human resource management. This scientifically developed aims to highlight how the organizational culture of a primary, lower and upper education institutions affect human resource management and organizational performance.

organizational culture, values, principles, human resource management performance

THE INFORMATIONAL SYSTEMS IN THE PUBLIC ADMINISTRATION

Răzvan Ion CHIȚESCU

The proposed theme wishes to identify the main problems that appear in the correct and efficient implementation of the informatics systems in the local public administration from Romania. Issues as the creation of an IT infrastructure that matches better to the real needs of the local administration, the selection and perfection of the involved human resource in this process, the efficient use of the available data resources, the improvement/ continuous adaptation of the internationals’ systems strategic planning, are analyzed through the evolutionary lines of the technology, of the social-economical frame of the period to which is referred and of the applying of a management that belong to the public institutions that align to the European demands. Therewith, these problems are analyzed in an interdependent relation.

local public administration, key problems, informational systems management

MIGRATION, SKILL PROFICIENCY AND EMPLOYMENT STATUS: EVIDENCES FROM PIAAC

Ana-Maria ZAMFIR, Monica Mihaela MAER-MATEI, Cristina MOCANU, Eliza Olivia LUNGU

This article studies the link between level of skills and employment status among migrants and non-migrants from four European countries. We base our analyses on the PIAAC data sets collected during the last wave of enquiries (2011-2012). Competences are categorized in three main groups: literacy, numeracy and problem solving in technology-rich environments. We aim to explore differences in access to employment and level of skills of migrants and non-migrants. Most developed countries are now facing migration related challenges, including the need to enhance social integration of migrants through labour market participation. Our findings are relevant in order to better inform migration policies.

migration, skills, employment, labour market

MEASURING THE INFORMAL EMPLOYMENT OF REPUBLIC OF MOLDOVA. AN EMPIRICAL ANALYSIS BASED ON HOUSEHOLD SURVEY DATA

Adriana AnaMaria DAVIDESCU

The paper investigates congruence between several empirical measures of the rate of informality using household survey data of the Republic of Moldova for 2012. Thirty-two percent of the economically active are informal according to at least one definition, and about 30% are informal according to three measures. Regression analysis is used to shed further light on differences in these measures. The objectives of the empirical analysis are to address the hypothesis that different empirical measures of informality are coincident (if different measures are capturing the same group of workers) and to assess using probit regression analysis, whether different individual characteristics have a greater association with different measures of informality. If there is only partial coincidence between different measures, which groups are more likely to be informal under one definition compared to another? The main conclusion to be drawn from this research is that the different measures of informality capture in part different groups of workers. It cannot be assumed that alternative measures are broadly consistent.

informal employment, social protection, probit models, Republic of Moldova

THE LOCAL RECREATION SECTOR: ROMANIAN BUSINESS REPRESENTATIVES’ INSIGHTS

Ana-Maria SAVA

The aim of the present paper is to examine the local recreation sector in Romania from the business representatives’ perspective. The results presented herein are based on a case study survey conducted on a number of 35 organisations specialised in providing artistic, sports, entertainment, cultural, or gambling and betting services from 13 cities in Romania. The research shows what are the main reasons for starting a business in the local recreation sector, what difficulties entrepreneurs encounter, what strategies they adopt in their attempt to create thriving companies, and how they perceive the breadth of the competitive threats. The inquiry regarding the sector’s present and prospective level of development reveals a rather optimistic outlook despite the current setbacks. The study is not intended to be exhaustive nor statistically significant, but to give a reflection of the reality through in depth exploration of the given sample of businesses operating in the local recreation sector in Romania.

local recreation; business representatives; case study survey; sectoral analysis; Arts, entertainment and recreation

E-COMMERCE – MODERN FORM OF BUSINESS

Andreea Bianca ENE

In the current era, it is almost impossible to live a day without internet. E-commerce involves using the Internet, being allowed digital business transactions between organizations and individuals. As the Internet continues to grow and more and more markets are developed, e-commerce enterprises must learn how to use this technology in order to relate to customer values, especially since the growth potential of B2C websites is fabulous. The reason I chose the title "E-commerce - modern form of business" is that I noticed the tendency of many companies to move their activity in online, much easier to reach potential customers, using networks socialization, which seem to capture the attention of all who want to be fashionable. The purpose of this paper is to establish what influence has the online shop on consumer purchasing decision, and in this sense a questionnaire was applied in the online environment, to those who have purchased at least once a product /service from online.

e-commerce, web design, internet, online costumers, marketing research

BOOK REVIEW

Adelina DUMITRESCU PECULEA

GOVERNANCE CHALLENGES AND INNOVATIONS: FINANCIAL AND FISCAL GOVERNANCE by Helmut K. Anheier, Oxford University Press, Hertie School of Governance, Oxford, United Kingdom, 295 pp., 2013. ISBN 978-0-19-967493-0

BOOK REVIEW

Journal no. 1 from 2015 - issue date: 04/2015

LAW AS PART OF COMPULSORY EDUCATION ON UNIVERSITIES

Tomáš PERÁČEK

Aim of the paper is to point at need of education of university students in area of law on the basis of focus study areas and study subjects. Alongside professional profile of university graduate it is also important to specify his preparation focused on additional, mainly general, education. Mainly the area of law, public as well as private, appears to be the most important profiling. For profiling of graduates of management-oriented studies mainly theory of law and basics of private law seem to be appropriate alternative of additional subjects to subjects of bachelor’s and master’s studies. Commercial law and labour law are also appropriate subjects for completion of profiling of graduates.

management, law, student, teacher, profiling

CLEAR RULE AND REGULATION IN STATE DEPARTMENT BASIC FOR EFFECTIVENESS PUBLIC ADMINISTRATION

Jadranka DENKOVA, Jovan ANANIEV, Strasko STOJANOVSKI

The process of changing and redefinition of the state's role in society is particularly emphasized in countries in transition, where oversized functions, particularly command and control functions of the state, should be replaced with the regulatory functions of monitoring that are more consistent in a market economy. The purpose of this paper is to understand how the effectiveness of the administration in Republic of Macedonia is measured. To obtain information on the effectiveness of public administration, a qualitative analysis of interviews of state departments, on issues relevant to the subject of the research, has been made. Hence, the subject of this paper is to identify the situation in state departments, in the aspect of managing efficacy of administration. For this purpose, topics investigated are: the organizational structure, assignment of tasks in the administration, measurement of accomplishments, indicators of efficacy inside and outside the organization, assessment and motivation of the administration. The emphasis of this paper is on the working processes in the organization, the method of assignment of tasks, the measurement of accomplishments and the indicators for measurement of the accomplishments. Thus, the assumption is that the administration cannot be realistically evaluated, if it does not rely on both internal and external indicators of effectiveness. Also, a precisely measured individual performance of administrative staff should be the principal pointer towards rewards, punishments, salaries and other forms of motivation of the administration. The conjoint conclusions from this study are as follows:1.Administrative workers are not involved in establishing the organization’s objectives; 2. A quantifiable system that could, by precise indicators, determine individual efficacy of administrative workers has not been conceived;3. No comparative analysis of the efficacy of state organs concerning the needs of citizens exists;4.A system of external evaluation (by citizens), to indicate the satisfaction with services provided by administrative workers has not been developed.

efficacy, indicators, administration, rewards

INFLUENCES IN THE PROCESS OF IMPLEMENTATION OF TOTAL QUALITY MANAGEMENT

Gabriel-Iulian TĂNASE, Marian VELICA

Total quality management is the method that seeks to lead all departments of an organization to meet customer needs and organizational objectives. Their implementation can be done at high quality standards only by organizations of a total quality which can be influenced by attitudes in the competitive market, application management inadequate, inefficient organizational structures, inadequate organizational culture, the lack of a strategy to implement management total quality, lack of involvement of customers in the development process disturbances, lack of strategy in managerial activity, total lack of involvement of top management, lack of belief in the usefulness employees a total quality management program and appropriate training failure to develop human resource.

Total Quality Management, influences, standards, customers, product

RURAL DEVELOPMENT THROUGH EDUCATION SCHOOL CONTEST

Cristian Petru POP

A survey in rural areas, on a sample of about 250 students from schools in Cluj county, revealed that the participation of students who study in rural schools in competitions and Olympiads in mathematics declined in the last 10 years with almost 50%. Entering a contest involving only children who learn in rural schools would actually improve educational outcomes? It is a question we can answer the end of the study. The overall objective of this competition is to attract students to learn better discipline of mathematics and mathematical dimension strengthening of rural education by encouraging cooperation between teachers, between students, between institutions and schools. The competition will require training and will result better results in school. Mathematical Olympiad villages in Transylvania is a competition that offers quality in at least three areas: teaching, assessment and interculturalism.

Olympics villages, school competitions management, rural project

USING INTEGRATED COMMUNICATION INSIDE AN ORGANIZATION

Maria-Magdalena LUPU

In any organization, regardless its activity, efficient communication is an indicator of its performance by which it can increase the market share, improves and consolidate its image and level of employment involvement. In order to get these results, communication has to be managed according to integrated communication that needs adopting a global strategy that can send a unitary message through all channels and ways. Used mainly by big corporations, integrated communication is still too little known and used, the advantages of this type of communication being neglected, most of the times. The reason we have started the study of the present article is identifying the factors that lead to the decision of valuing the concept of integrated communication on the results we get by applying this concept.

communication, integrated communication, management

IMPACT OF COMMUNICATION ON THE BUILDING OF THE EDUCATIONAL ORGANIZATION IMAGE AND OF PRESTIGE

Carmen-Elena OLTEANU (ANDREIANA)

The ”funding follows the student” principle, settled by the Governmental Decision H.G. 1165 / 2013, constrains high school units to use means and instruments destined to modernize their image, support their performance, improve the quality of their relations with their beneficiaries and educational partners. The hypothesis of the present study is that, under the competitional effect of the reform, the mass information principles do not guarantee the external communication efficiency. The communication strategy, oriented exclusively towards the distribution of information, necessary to the training activity (number of classes, profiles, specializations) proves today insufficiently adapted to the logic of competitiveness. The evident conclusion is that the prestige of an educational organization is determined by the capacity of managing its visibility, both locally and nationally. High schools, particularly national colleges, tend to become brands.

communication, educational organization, image, prestige

ANALYSIS OF EUROPEAN’S QUALITY OF LIFE BASED ON THE RELATIONSHIP BETWEEN EDUCATION AND EMPLOYMENT

Diana Elena ŞERB

Lately the twentieth century individual has evolved psychologically and so his self-esteem drives him into putting himself first, so that he feels well and enjoys a decent living. These changes have also brought the need to ensure the best quality of life possible. The working hypothesis of the article starts from the assumption that a fundamental role in ensuring the quality of human life is held by education and labor. If work ensures the needs of everyday life and gives individual safety, education satisfies its need to strengthen knowledge in a century of speed in which if you're not constantly well informed, you risk being misinformed as the information you had and knew in the past, may no longer be valid. Although the term quality of life has been addressed in national and international literature, this article brings added value to the presentation. The research is basically an investigation based on a survey conducted in 2012 by the European Value Survey which provided our data. We processed and interpreted it in our own way. Romania is not a part of this research. Research findings highlighted the fact that education has no purpose in case of lack of work and work without education has no value, the existence of the partnership between the two generate a high standard of life of Europeans.

quality of life, job satisfaction, work-family balance, education

FORECASTS FOR ACTIVITY RATE ON LABOUR MARKET IN ROMANIA USING ECONOMETRIC MODELS

Mihaela SIMIONESCU

The main objective of this study is related to the econometric modelling of the activity rate in Romania and the construction of prognoses. A dynamic panel data model with quarterly data, covering the period from Q1:1996-Q4:2013, was constructed. The values were registered for the 4 Romanian macroregions. Predictions for 2011-2013 at national level were obtained by aggregation. In parallel, an autoregressive model of order 1 and a vectorial-autoregressive mdel were built for forecasting. In the first period, 99.98% of the activity rate variation is due to this variable, while in the second period, the average number of retired people influences the activity rate in proportion of 4.129%. The influence of number of retired people grows in time, arriving to 9.501% in the 10th period. All the accuracy indicators showed that the naive forecasts were more accurate than the other prediction based on VAR and dynamic panel model on the horizon 2011-2013.

activity rate, labour market, dynamic panel, VAR model, random walk

IMPACT ASSESSMENT OF CONSUMPTION FROM OWN RESOURCES ON THE INCIDENCE OF RELATIVE POVERTY

Cristina STROE, Eva MILITARU, Codruţa DRĂGOIU

The paper focuses on the analysis of the impact of consumption from own resources on the incidence of relative poverty, by disposable income, on the threshold of 60% of median income. Highlighting consumption from own resources results from the differences between the relative poverty rates in the presence / absence of consumption from own resource of the disposable incomes of persons / households, per adult equivalent, on the modified OECD scale. The analysis of the results of carried out evaluations / simulations is based on the microdata from the Household Budget Surveys / National Institute of Statistics, between 2008 and 2013. These aspects captured in their dynamic consider different characteristics, such as the area of residence, the size of the household, the age of the head of household, gender, etc.

consumption from own resources, income, poverty, indicators, dynamic, households

THE FINANCIAL-ECONOMIC CRISIS AND PUBLIC DEBT SUSTAINABILITY

Florina-Maria BOBES

This paper aims to assess the sustainability of the public debt in the context of the Romanian economy evolution to find out to what extent the government meets its commitments, having as reference a certain trajectory of revenues and expenses, and also certain assumptions of the main macroeconomic variables. Thus, the trend of increasing the public debt from 13.4% of GDP in 2008 to 42.47% of GDP in 2013 was determined both as a result of the economic and financial crisis, and also because of practicing a fiscal-budgetary policy that was unsustainable in the pre-crisis period. In such a context, in the paper, through the public debt sustainability performance audit, with the help of a specific group of indicators we follow and reflect the sustainability in terms of solvency risk. Last but not least, through the design of these indicators we will also analyze the link between the external public debt reported to the incomes from goods exports and services and the influence of this indicator over the repayment capacity of Romania.

sustainability, public debt, gross domestic product

BOOK REVIEW

Cătălin VRABIE

GROWN UP DIGITAL: HOW THE NET GENERATION IS CHANGING YOUR WORLD by Don Tapscott, McGraw-Hill, 2008. ISBN 0-07-150863-5

BOOK REVIEW

Journal no. 2 from 2014 - issue date: 12/2014

GOVERNANCE AND ECONOMIC GROWTH NEXUS IN CHINA AND TAIWAN: A FREQUENCY DOMAIN APPROACH

Chiung-Ju HUNAG

The purpose of this study is to investigate the causal relationship between governance and economic growth in China and Taiwan, which have different levels of democracy; classified as “Not Free” country, and “Free” country, respectively. The Worldwide Governance Indicators (WGI) is analyzed in this study over the 1996 to 2012 period for China and Taiwan. The empirical results show that the causality between various dimension of governance and economic growth for China and Taiwan is not the same. There is a bidirectional causal relationship between economic growth and governance indicator (such as regulatory quality, or political stability) for Taiwan. Similarly, there is a two-way nexus between economic growth and regulatory quality (or government effectiveness) for China. Meanwhile, a unidirectional causal relationship exists running from voice and accountability (or rule of law; or control of corruption) to economic growth in Taiwan but conversely from rule of law to economic growth in China. However, for China, there is no Granger causality between control of corruption and economic growth, while for Taiwan, there is no Granger causality between government effectiveness and economic growth. The findings of this study indicate that policy makers in China could use governance indicators such as government effectiveness, regulatory quality, and rule of law while Taiwan’s policy makers could use the six governance indicators with the exception of government effectiveness, to improve their predictions of the future real GDP per capita.

economic growth, frequency domain, governance, Granger causality

REGIONAL PRODUCTS AS PART OF THE GROWTH OF THE COUNTRY'S COMPETITIVE ADVANTAGE

Sabina KAUF, Agnieszka TŁUCZAK

In the eyes of consumers, each and every product has some kind of origin (be it country, region, continent). The image of the place of origin influences the assessment of products and brands (brand image) they come from. Traditionally, consumers extrapolate the characteristics of the country and its inhabitants on the characteristics of the product. Products, whose names indicate the place of origin, are witnessing an increasing popularity. When buying such a product, the consumer identifies themselves with the country/region of its origin. Regional products are often rediscovered, being stumbled upon by accident, only so that the consumer can later make an effort and try to actually find them in other retail outlets. Specific qualities of regional products, especially traditional foods, determine their uniqueness and authenticity, as well as the fact that they are purchased more likely as compared to mass products. Research on consumer behavior in the market of regional products, conducted among Polish citizens, indicate that these products are readily bought. Regional products, not only food, are also a great opportunity to show and promote the country of their origin. This article presents the results of the research on consumers' attitudes towards regional products, which was conducted in May 2009 and February 2014 among Polish citizens. Furthermore, the article will include the comparison of attitudes towards regional products between consumers from Poland and other European countries.

economic growth, regional product, region.

THE RATIONAL ASSIGNMENT OF RESOURCES IN THE ROMANIAN PUBLIC SECTOR. FROM FAILURE TO POSSIBLE SUCCESS

Adelina DUMITRESCU, Dana MORTELMANS

In the conditions of the ongoing global economic crisis, the scarcity of resources exercises an additional pressure on all organizations. In Romania, the public sector organizations, less flexible and more reluctant to change than their private counterparts, were more seriously damaged by the crises, particularly due to the insufficient involvement of the local public administration in assessing the quality of projects financed from the already limited resources. Thus, the rational assignment and use of resources, especially of those of financial nature, becomes an imperative requirement for the public sector, in its goal to satisfy the citizens’ needs. The objective of the paper is to analyze the legislative framework regarding public expenditure and to identify the principles and tools of rational assignment of resources, as well as of indicators available for the experts to assess the efficiency level of the rational assignment process. This analysis will be followed by a series of interviews with experts within the local public administration, in order to analyze the extent to which they actually use legislation and the instruments available in their budgeting process. In addition, the research will use instruments such as content analysis, respectively the comparative analysis, in order to identify the problems occurred in the process of assigning public resources, pin-pointing the divergences between the legal framework and instruments and the actual implementation thereof. The analyses will allow us to outline perspectives for the improvement and increased efficiency of public expenditure, by means of the rational choice theory instruments. The conclusion of the paper will present a recommendations for policy improvement in this field, for increasing the efficiency of rational assignment of public resources.

budgeting performance, local public administration, performance indicators, public resources

VALUING THE TOURISTIC POTENTIAL OF ARGEȘ COUNTY

Andreea Bianca ENE

Tourism is an industry with high growth potential, but currently little exploited. Tourism in our country is in full recovery in both urban and rural areas, and developing a business in tourism can be quite profitable. Regarding the potential for tourism development, it is an important source of income for both the entrepreneur, and the national budget. Valuing the touristic potential of Argeș County will help arouse the interest of tourism in Romania. I chose Argeș County because I think it has a lot of natural resources, but unfortunately are not used enough. This research aims to emphasize the role of tourism in our country , how we can bring out the beauty of an are. This paper is based on a statistical analysis of the tourism in this area. Finally, through the prediction achieved, I will come up with suggestions and solutions.

tourist, tourism, touristic potential

DO TRAINEESHIPS FACILITATE A SUCCESSFUL SCHOOL-TO-WORK TRANSITION?

Mariana-Cristina MOCANU

Youth proved to be one of the most vulnerable groups in the face of economic recession, with constant high or even increasing rates of unemployment or NEET all over EU countries, including Romania. Traineeships, also known as internships or stages, are becoming more and more important due to their role in facilitating transition of youth from school to employment, first contact with the world of work and acquisition of practical skills. Current paper aims to analyses the traineeships experiences in the EU, with focus on the learning environment provided as well as on their effectiveness in facilitating access to permanent jobs.

employability, practical skills, transition from school to work, education-job match

THE NEED OF TURNING THE MANAGER INTO A LEADER IN A MILITARY ORGANIZATION

Gabriel-Iulian TĂNASE

A proper administration of the military organization is guaranteed by the work of the military manager at peace time. In the operational theaters, an effective leadership is needed at each and every level of the Armed Forces, concluding in a higher adaptability rate in any given environment, dynamism and concentration of efforts, cohesion and stability and ultimately, a more competitive organization. This article also analyses the adaptability of the continuously changing leader under the above mentioned circumstances, the methods used and the given accomplishments, pointing to the particularities of the military manager and leadership.

army, management, military leadership, performance

ASPECTS OF LABOR FORCE IN REGIONAL CONTEXT

Luminiţa Leocadia SÂRBU

This paper aims at analyzing the workforce in the Western Region of Romania in order to identify proposals to improve and adapt it to major educational and economic changes in the society, towards the overall development of Romania in the 2014-2020 period. We use and interpret statistical data and findings by the Romanian government and the West Development Agency. We emphasize specific characteristics of the labor force in this region in terms of demography, tradition, skills and economic development. We articulate proposals for the improvement of specific characteristics of the labor force for the placement in the Romanian econimic development trends, for the coming period

work force, regionalisation

HUMAN RESOURCES BETWEEN PSYCHOLOGY AND PERFORMANCE

Mihaela ANGHEL (JARADAT), Mohammad JARADAT

During this period, when the economic environment is increasing turbulent, unforeseeable and difficult, the technical vitality has become a priority for all organization. In the closer competition, in both local and international level, organizations who kept pace with technology didn't show obvious successes, but the organizations which developed their technology and valued human resources capital. In recent years, the success and results of managers that have discovered, through renewal of the management system of human resources, how to raise the level of competence of their employees, how to mobilize people, or how to use team dynamics and how to delegate authority at all levels in the organization was highlighted. Involving employees required adopting a new style of leadership, whose aim is not the control, but the partnership. By achieving these goals the the managers were able to more easily meet the challenges of economic crisis.

management, human resources, performance, motivation

BOOK REVIEW

Adelina DUMITRESCU

Gerald J. Miller (2012), Government Budgeting and Financial Management in Practice: Logics to Make Sense of Ambiguity, CRC Press by Taylor & Francis Group, LLC, United States of America, 340 pp., ISBN: 978-1-57444-753-8.

BOOK REVIEW

Journal no. 1 from 2014 - issue date: 06/2014

OVERCOME THE BARRIERS OF GRADUATES EMPLOYMENT – STUDENTS PLACEMENT

Adriana GRIGORESCU

The most common barrier, at least for graduates of Romania, is “prior experience” that could be gain only by internship and/or students placement. In this process are involved three main actors: students, SME’s and universities that could have a very active role in match making of the two target groups. The project P2T2.0 – Passport to Trade 2.0 a Bridge to Success aimed to continue the initiative of building a site with 31 European countries profiles offering basic information for students looking for studying and working abroad and for SME’s on finding part-time, seasonal, cheep labor. Present paper will present an overview of the students and SME’s representative opinions about placement in Romania and the availability to extend it at the European level.

students’ placement, youth employment, education management, business

EDUCATIVE CULTURAL-RELIGIOUS SERVICES IN THE KNOWLEGDE BASED ECONOMY

Nicoleta (SPÂRCHEZ) POPESCU

The proposed article – emphasized the human and the intellectual capital as defining factors for the knowledge based economy. Therefore, the presentation of the concept of knowledge based economy presupposes observing the manner in which the information and knowledge are produced and used. Approaches/methods – in this respect, there are used a series of indicators that will reflect the number and the education level of the population, but also the specialty literature for understanding certain concepts specific to the knowledge based economy which are strictly connected to religion, culture and education. Conclusions – within this research there will be surprised certain aspects, important for the mankind evolution, in the context of sustainable development. Originality/value – Nowadays, it is noticed a more and more intense need of ensuring and using information and new knowledge. According to this desire, this step presupposes, according to us, a new approach of the three services (cultural, religious and educative) which might satisfy the needs of the children for acquiring new knowledge in various fields, according to the cultural and religious values.

education, culture, religion, people, capital

THE EFFECTS OF GLOBALIZATION ON COMMERCE IN ROMANIA

Elena-Cristina ANDREI

Humanity has suffered radical changes over time, whether we refer to the way of living, political dictatorship or economic situation. Global phenomenon called globalization is rooted precisely in this fierce desire to change based on innovative technologies that promote knowledge as a factor in increasing productivity. Searching for the best ways of encreasig and after that of economic growth in conditions of overcoming national borders and the distruction of language barriers, cultural and racial meant to optimise the market level, principal decizional factor in actions nowadays, are the premises who put the base of globalization concept. The efect, unification of economic powers its meant to develop a number that will increase continually. Conquences of globalization for Romania bring to the forefront the country potencial in which we live and can be exploited only with the foreign investment. The actual economic situation cant afford the production of available capital only with intern resources. This inability of Romanian teritory to develop without needing a monetary mass from outside. The global economical crisys from 2008 doing nothing else then pulling at surphase the poor situation of our country. Even though Romania its still trying to overcome a period of recession wich seems endless, production encreased very much in the last three years, and imports and exports are developing in normal conditions wich seems to get better, as the numbers prove. Commerce in Romania under globalization is much better. We live in a country with large production posibilities and with undeveloped areas, but with beneficial capabilities worth exploited. Romanian commerce ,following the downward trend of European Union, will enter into a process of development and expansion of worldwide industries.

commerce, globalization, Romania, market, economics

TESTING THE PERFORMANCE OF GARCH AND EGARCH MODELS IN THE STUDY OF FOREIGN EXCHANGE RATES

Radu LUPU, Adrian Cantemir CĂLIN, Carmen ALBU

After the demise of the Bretton Woods accord, the dynamics of the exchange rates has become a fundamental topic in the economic analysis and forecasting. The genesis of the ARCH – GARCH models offered a powerful tool in the assessment of exchange rate volatilities. We use the GARCH and EGARCH models and test their efficiency on 44 currency pairs. The results indicate the former’s superiority in isolating exchange rate volatility.

foreign exchange rates, garch models, egargh models

GREEN BUSINESS – THE FUTURE OF PROGRESS IN BUSINESS

Andreea Bianca ENE

Nowadays, ecology is one of the most disscused concepts. This can be seen from the fact that increasingly more companies resort to ”green” actions and strategies. In most cases, without the implementation of green management would be very difficult for a company to flourish. Its absence could be considered a competitive disadvantage, even a threat in terms of how the company is perceived by consumers. Implementing a ”green” management in old organisations and new ones should be given greater importance because it can contribute to the success of a business, which can be ”recipe of success”. This is the reason why I chose this title, ” Green Business - the future of progress in business "because adopting a "green" management will help create prestige, attracting the admiration of others, bringing profit to the firm and entrepreneur, and environmental benefits for survivors, which should give them the opportunity to enjoy what we have today, the key elements that must be harmoniously combined. This research aims to emphasize the role of ecology , how it helps to sell a product and how much it matters in people's eyes, to determine the the future of green business in Romania, how ecological actions contribute to the development of a company and how much importance they have in the environment. The research is based on the analysis of online questionnaires completed by and for that was applied a questionnaire for entrepreneurs and potential future entrepreneurs.

Green business, sustainable development, ecology, environmental protection, entrepreneur

Journal no. 2 from 2013 - issue date: 12/2013

INFORMATION ANALYSIS MANAGEMENT AND CRITICAL THINKING IN CONTEMPORARY INTELLIGENCE

Adriana GRIGORESCU, Razvan CHITESCU

During recent years, intelligence services have adapted to changes in the international security area. At the same time, the intelligence process is going through a period of constant transformation and adaptation of its form. The conscious and unconscious rational cannot be separated. Analysts commit a series of errors by emphasizing the initial, favored solution, that is, usually, the first satisfactory solution to be discovered. The present paper aims to present and analyze the mechanisms that are at the base of the management of the information analysis process in contemporary intelligence.

information management, critical thinking, intuitive thinking

CHARISMATIC LEADERSHIP AND NON-VERBAL COMMUNICATION

Marina-Luminiţa MILITARU

The present paper provides insight into ways of crafting and conveying charismatic body language image that is specific to influential leaders. We will examine powerful notions such as charisma, charismatic and transformational leadership, confidence, attitude and trust in order to see how all these elements instill belief and change in followers for the better if accompanied by adequate movements of the body.

leadership charisma, interpersonal bonding, nonverbal behavior, positive attitude

NEW PERSPECTIVES IN USING MARKETING IN THE ONLINE ENVIRONMENT

Anamaria-Cătălina RADU, Andra DOBRESCU, Ivona STOICA

Online marketing has experienced a remarkable growth in the last period of time, due to technological developments registered in the cyberspace. The Internet has been the one that has enabled the development of this field, providing a number of benefits for both consumers and producers. Thus, it can be seen as a mediator in the communication channel. Moreover, an action in the online environment supports bidders in the activities they conduct, facilitating product distribution and promotion. Looking from the perspective of consumers, it facilitates online offering information on marketed products and provides consumers with the ability to compare products on the market, both in terms of organoleptic components and in terms of prices, modality distribution and analyses to promote. In this way, online marketing environment adds value activities in the traditional environment, trying to better satisfy the needs and demands in the market. This paper provides an overview on how marketing has evolved in the online environment and highlights the main feature that sets it apart from the traditional.

marketing, online marketing, web technologies, web tools

ROMANIA’ CLIMATIC SPAS RESORTS DEVELOPMENT IN THE VISION OF PUBLIC SERVANTS AND OF THE POPULATION

Dragos DINCA

In July – September 2013, I have performed a study regarding the identification of the major problems ofthe localities Pucioasa, County of Dambovita, Amara, County of Ialomita, Vlahita, County of Harghita and Eforie, County of Constanta, all with spa status. The study objective was to identify the local problems from the public servants’ point of view, as persons employed in the specialty departments of the City Halls, and of the inhabitants of these localities. The study was developed on two levels: 1. Almost all employees within the City Halls, the dimensions of research connected with the following major directions: - Identification of local problems - Characterization of public administration activity – relevant aspects, their hierarchy - Description of life quality in these localities 2. Localities’ population. Have been interrogated localities’ inhabitants, following the: - Hierarchy of local problems - Expectations formulation towards the activity of local public administration.

public servants, population, local public administration

FILLING THE GAP:HOW APPLICATIONS FOR LEARNING BUSINESS ENGLISH CAN INCREASE GRADUATES’ EMPLOYABILITY

Marina Luminita MILITARU, Diana Eugenia IONCICA

In the paper, we notice the existence of a gap between employer’s expectations and employees’ actual skills when it comes to productive language use. While employers prefer already trained employees, i.e., those possessing the language skills required for the job, quite often, higher education institutions fail in their attempt to provide those language skills to their graduates. This makes the existence of a gap painfully obvious. The question that arises is: ‘How do we fill the gap?’ What are the best courses of action that would lead to graduates better prepared for the realities of the labor market, in terms of language skills, as well as general communication skills? The purpose of the article is to offer an overview of some of the best applications for learning Business English that have an impact on managing mobile learning. We want to specifically look at applications that offer possibilities for individual learning, thus providing an immensely helpful tool that proves beneficial for all the parties involved – employers, actual or potential, teachers struggling with the problem of bridging the gap between traditional education and advances in technology, and lastly, but most importantly, employees, in dire need of perfect language skills to meet the requirements of companies operating in an increasingly globalized world.

digital learning, Business English applications, mobile devices, employability, language learning

GLOBAL ADMINISTRATIVE LAW.PRINCIPLES. FORMS OF MANIFESTATION

Alexandra PLESEA

The emergence of global administrative law is a reality that cannot be denied, under these conditions supranational organizations becoming more and more specialized, attempting, through transparent and efficient administrative practices, both to protect the citizens and to meet their social needs. Therefore, it is absolutely necessary to establish a new branch of law, global administrative law, which regulates global governance, setting relations between supranational institutions, their activities and the principles underlying their activities. Therefore, global administrative law should be treated with more importance in the political and legal sciences.

global administrative law, efficiency, supranational institutions

COMMUNICATION IN ROMANIAN ORGANISATIONS

Andreea Bianca ENE

The purpose of this paper is to determine how much the communication influences the business activity in an organization. Business communication should be given greater importance because it can contribute to the successor failure of a business. We can consider it the "recipe for success". This is the reason why I chose this title, ”Communication in Romanian Organizations”. This research aims to emphasize the role of communication, how it helps to better manage a business activity and how much it matters in the growth of profit. The research is based on the analysis of questionnaires completed by employees and employers from Romanian organizations.

business communication, employee, employer, written/oral communication, formal/informal communication, Romanian organizations

A NEW COLLECTION: HISTORICAL MARKETING

Dumitru IONCICĂ

The Hyperborean and Zamolxism – a book about the old Romanian history - BOOK REVIEW –

Book review

Journal no. 1 from 2013 - issue date: 06/2013

PROCESS MANAGEMENT INFLUENCE ON THE QUALITY OF PUBLIC SERVICES

Adriana GRIGORESCU

The quality of the public services is influenced by management with somewhat dependence on the ownership type – private or public. There is the impression that private structures should be more efficient and offers best quality services to the customer. Because of this, there is the temptation to look for fully privatizing the public services in order to get better quality services. The present paper aims to present and analyze the mechanisms that are at the base of the services provided and the relation with the quality of the offered service. In the second stage the similarities and the differences between the public and private sectors will be considered in terms of efficiency and quality management. The case study to be used is the health and education services in Romania. Starting from the aim of offering good quality of health and education services to the citizens, the conclusion is that process management should be properly design in order to come to the expected results. The quality of a public sector should not be only related with the ownership type.

management, public services, quality, competition

MARKETING DECISION SUPPORT SYSTEM - AS A FACTOR FOR EFFECTIVE MARKETING MANAGEMENT

Karolina ILIESKA

Strategic decisions are made in uncertain conditions and high risk. Systems of supporting strategic decision contributed to minimizing the risk in making the decision. They offer possibilities for modern communication, model’s experiments, before testing of ideas, surveillance of effects of strategic decisions.

marketing, decision support system, risk

VIEWPOINT ABOUT QUALITY FRAMEWORK OF SUSTAINABLE TOURISM

Ada Mirela TOMESCU

Often, we ask ourselves how much tourist activity is linked and affects the environment. The purpose of this study is to examine theoretically the activities taking place in hotels, also the principles and activities aimed at decreasing the negative impact upon the environment. We examine sustainable development that relates to the particular sector of touristic activity, more specific - in the domain of the accommodation in hotels, case in which, the sustainability aimed at maintenance of a high quality standard that caters to tourists, in spite of repeated rationalization, and on various levels and plans (energy, water consumption, disposal of waste etc.), so that it is promoted and adopted, so called "environmental behaviours", framework in which the hotel activity still has the benefits of managerial, economic and competitive, that ultimately lead to customer satisfaction (quality) and profit for the operators on the other hand. In short, we examine a viewpoint that plots the sustainable framework for hoteliers.

responsible tourism, quality, sustainable development, environment, eco-label

ROMANIAN ECONOMIC PROGRAMS AND STRATEGIES FROM THE EU INTEGRATION PERSPECTIVE

Claudiu Valentin NIŢU, Cosmin TILEAGĂ, Oana NIŢU

Competition Policy is - by its two components: in a specific language known as "antitrust" and state aid - a barometer of market operation, a component of a functional market economy. Although this chapter makes no direct reference to macroeconomic indicators, the promoted policy is defined by discipline, the behavior of economic actors in the market. The success of the competition policy is reflected in the existence of a strong cultural competition expressed at the level of the economic operators by respecting the game rules set by the legislation.

competition policy, strategies, markets

STRATEGIC ANALYSIS - ROLE AND FUNCTION

Razvan CHIȚESCU

Redefining the role of intelligence services in all democratic states, in an international context marked by the unprecedented recrudescence of asymmetrical threats, has set a re-assessment of their missions, in order to increase their ability to take action. Intelligence services contribute, through specific measures, within the legal framework, to the acknowledgement and prevention of threats against democracy and the rule of law, the efficient management of information resources, the supply of elements required for the decision-making process and strategic action. The efficiency of an intelligence service depends on two main indicators: the utility of the provided information and reviews and the acting efficiency of risk prevention and combat.

strategic analysis, information management, asymmetric treats

INCREASING TRANSPARENCY THROUGH E-COMMUNICATION SYSTEMS

Catalin VRABIE

Most elements of transparency are governed by legislation (Act 544 of October 12, 2001 on free access to public information ), but besides these regulations there are some commendable local initiatives, such as methods of online search requests, complaints, opinions and following their route through the institution (Fig. 2). The example taken into consideration in this article is the Bucharest City Hall (www.pmb.ro) which has not obtained by chance in the studies the highest rating. Obviously, Bucharest City Hall is not the single one that has implemented such systems, but I took it as an example here because of its highest rating. I want to mention, however, that in 2012 the highest rating was obtained by the City Hall of Arad (which was second in 2010) and, as well as, pmb.ro they have implemented electronic systems for increasing transparency. It might have been useful to have in this article several examples, but the selection could appear subjective, on the one hand, and, on the other hand, due to lack space (if it were to introduce them all) I just speak about pmb.ro. I will not forget the literature, which is very rich in this subject.

public organization, public service, e-Government, transparency

COMMUNICATION, FUNCTION OF THE STRATEGIC MANAGEMENT

Gheorghe RUSESCU, Maria-Magdalena LUPU

The business world nowadays develops its activity in an unstable economic climate where the new technological era, informational explosion, globalization and the almost never ending economic crisis turn the current organizational activity into a permanent effort of adapting to the new reality. This article aims to emphasize the role and importance of communication in the daily activities of an organization. For a clear image on this topic, we chose to make a short review of the information coming from the academic environment so we can later analyze the realities of the communication process that takes place in one of the national companies. The main conclusions of this research underlined the necessity of shaping up the aims of communication with the organizational strategic intentions making this way a complete effort by strategic unity. Developing and communicating the politics that guide managerial decisions towards reaching the organizational aims can be efficient only by updating communication and communicators to the organizational real environment.

communication, management, strategy

Journal no. 2 from 2012 - issue date: 12/2012

SAVING IN FOREIGN CURRENCY AND ITS EFFECTS: AN EMPIRICAL ANALYSIS

Oana NIŢU, Claudiu Valentin NIŢU, Cosmin TILEAGĂ

Studying the ways of training, of the influence factors and of the ways to place people's savings by making such research, offers the possibility of scientific development and reasoning of the appropriate model of population on saving in the difficult conditions in which Romania is now. Household savings trends are reflected in the standards of living and welfare. Savings, as an influencing factor of the standard of living and welfare, depend on the level of inflation, the interest rate liabilities and the income, which suggests that, before drawing any conclusion about saving, changes of the size of people savings should be considered. In Romania, in the current period, a series of studies and analyzes occurs, in which, statistically, multiple concepts of living are assessed and defined. These studies were signed by researchers from the National Institute of Statistics, the National Bank and the Deposit Guarantee Fund in the Banking System.

savings, currency savings, dynamics, deposits

THE IMPACT OF THE GLOBAL FINANCIAL CRISIS ON A EUROPEAN FRONTIER MARKET: THE CASE OF BUCHAREST STOCK EXCHANGE

Cornelia POP, Iustin POP

The present paper tries to highlight the impact of the 2007-2009 global financial crisis on the Bucharest Stock Exchange. Bucharest Stock Exchange is a small frontier domestic capital market which suffered a severe impact of the 2007-2009 global financial crisis in absolute values, similar with the impact of the 1997-1998 Asian crisis. While the Bucharest Stock Exchange tried to diversify its activity in the post-crisis period, a second wave of negative influences hit the market when the problems regarding sovereign debt of several EU member states surfaced in mid-2010. Bucharest Stock Exchange authorities should asses the institution’s position within the CEE region and establish a strategy for a further sustainable development which must combine, if possible, the advantages of an increased international exposure and the presence of international investors, with the core services a domestic capital market should offer in order to support the country’s economic development

crisis, frontier market, Romania

CONTRIBUTIONS TO THE DEVELOPMENT OF INTELLIGENT TRANSPORT SYSTEMS AS AN INTEGRATED PART OF THE ECONOMIC SYSTEM

Antoniu Ovidiu BALINT, Otilia Ştefania BALINT, Andrei Mihai CRISTEA

For the development of a successful and modern economy, transport companies must be able to ensure a fluent and efficient transport mode for goods and persons. Failure to comply with these requirements constitutes a threat to competitiveness and also reflects the unsustainable use of the transport infrastructure. The importance of developing new Intelligent Transport Systems (ITS) is essential for the growth and evolution of the economy because companies from around the world have to transfer goods between them, communicate and establish new connections. The central theme of this paper is represented by the fact that Intelligent Transport Systems are indispensable for companies that provide services, goods and support for people worldwide. The extension and development of new Intelligent Transport Systems can represent a solution on improving and enhancing the actual economic environment. The function of ITS determines the efficiency of companies.

Intelligent Transport Systems, development, transportation networks

THE SYSTEMIC APPROACH OF EMERGENCY SITUATIONS IN ROMANIA

Andy Constantin LEOVEANU

In the preamble of the paper, we tried to define the notions of risk, vulnerability, crisis and emergency situation and to find similarities and differences between them. The core of this research is constituted by a systemic approach to emergency situations in Romania. In this sense, we can speak of the existence of a National Emergency Situation Management System, which we can state has the following characteristics: 1) it is an open system, due to the fact that it has connections (inputs/outputs) with other systems and with its environment; 2) it is a dynamic system because it evolves in time, modifying its state, structure and/or behavior as a consequence of internal or external causes; 3) it is a complex system – understanding this in view of its dimensions, the number of connections between the elements, the presence of the human element; 4) it is a self-adjustable system because it has the ability to react to the action of internal and external factors and to keep control over different periods of time. The problematic of emergency situations must be viewed in an integrated manner. In order to function efficiently, the National Emergency Situation Management System must be interconnected with other similar systems at the European level, in this sense progress having already been achieved, by signing on May 11th, 2006 the Understanding Agreement between INHGA (National Institute of Hydrology and Water Management, Bucharest) and DG JRC (General Directorate, Common Development Center, Brussels), which presupposes the receipt of prior warnings with respect to possible major floods.

system, risk, vulnerability, crisis, emergency situation.

THE IMPACT OF THE APPLICATION OF INTERNATIONAL STANDARDS FOR INTELLECTUAL PROPERTY RIGHTS - A NEW CHALLENGE OF THE KNOWLEDGE ERA

Paula – Angela VIDRAŞCU, OanaCamelia IACOB, Ana-Maria VOLINTIRU, Aurel MARIN

The Anti-Counterfeiting Trade Agreement (ACTA) is a multinational agreement for the purpose of establishing international standards for intellectual property rights enforcement. Disguised as a Trade Agreement, ACTA is far broader in scope. The agreement aims to establish an international legal framework for targeting counterfeit physical goods, such as medicines and violation rights on the Internet, creating a new governing body outside existing forums (World Intellectual Property Organization). This study comprises research on the importance of the E.U. multinational companies dealing with the valuation of their intangibles, analyzing some aspects that will positively or negatively affect values such as brands, movies, software, and other components of the intangible assets. By debating on ACTA interact with the intangible assets managed by a company; having in mind the tremendous importance of these assets, from juridical and financial view, the results are revealed by the for or against arguments. So enforcing international intellectual property rights standards becomes a crucial challenge of the knowledge era.

Knowledge assets, intangible assets, intellectual capital, property rights, ACTA

Journal no. 1 from 2012 - issue date: 06/2012

WORLD PROMOTION OF ORGANIC FARMING

Miron DUMITRESCU, Cristina BURGHELEA, Iulian PANAIT, Constantin Octavian BURGHELEA

Organic farming is an agricultural sector that has experienced significant growth in recent years. Although it has become increasingly important global higher, however the concept of organic farming is still not promoted enough. The main reason we chose this approach was to find out more about what is organic farming and how widespread in the European Union it is. Based on the study that we conducted on organic farming, we demonstrated the novelty of the issues that will bring much discussion and will be addressed in more and more. The role of organic agriculture is to produce cleaner food, suitable for human metabolism, in full correlation with environmental conservation and development. One of the main goals of organic farming is the production of fresh and genuine agricultural and food products through processes designed to respect nature and its systems. The article demonstrates the major contribution of organic farming to sustainable development, increasing economic activities with significant added value and increase of interest in rural areas.

organic farming, economic sustainability, rural area, global growth.