ITEMA 2023 / 7 – Recent Advances in Information Technology, Tourism, Economics, Management and Agriculture -CONFERENCE PROCEEDINGS
ITEMA 2023 / 7 – Recent Advances in Information Technology, Tourism, Economics, Management and Agriculture -CONFERENCE PROCEEDINGS
Contributor(s): Vuk Bevanda (Editor), Paula Heliodoro (Editor)
Subject(s): Social Sciences, Economy
ISSN: 2683-5991
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Information Technology; Tourism; Economics; Management; Agriculture
Summary/Abstract: The purpose of the annual ITEMA conference is to support the power of scientific research and dissemination of the research results with the objective to enhance society by advancing knowledge; policy-making change, lives, and ultimately, the world. Our objective is to continue to be the foremost annual conference on cutting-edge theory and practice of information technology, tourism, economics, management, and agriculture, encouraging advancement via excellence, and interaction. ITEMA conference aims to bring together the international academic community (experts, scientists, engineers, researchers, students, and others) and enable interactive discussions and other forms of interpersonal exchange of experiences and popularization of science and personal and collective affirmation. The annual ITEMA conference is committed to the highest standards of publishing integrity and academic honesty as ensuring ethics in all its publications. Conformance to standards of ethical behavior is therefore expected of all parties involved: authors, editors, reviewers, and the publisher. The conference organizer follows the Committee on Publication Ethics (COPE) guidelines on how to deal with potential acts of misconduct. All received full papers prior peer review process are subject to plagiarism check with iThenticate by Turnitin software. Any identified plagiarism automatically disqualifies a paper. Afterward, all full papers are double-blind peer-reviewed by the reviewers drawn from the editorial committee or external reviewers depending on the topic, title, and the subject matter of the paper. Peer reviewers provide a critical assessment of the paper and may recommend improvements. Although the author may choose not to take this advice, we highly recommend that the author address any issues, explaining why their research process or conclusions are correct. The conference program of the 7th International Scientific Conference on Recent Advances in Information Technology, Tourism, Economics, Management, and Agriculture - ITEMA 2023 held on October 26, 2023, at the Faculty of Organization and Informatics Varaždin University of Zagreb, Croatia; combined presentations of the latest scientific developments in the field of the emerging trend of wine tourism in Albania and the impacts of the COVID-19 pandemic on the U.S. housing market and ICT use in marketing in Montenegro. The studies also cover corporate governance in the energy sector, the influence of crises on Southeast Asian capital markets, and the efficiency of Croatia’s banking sector. Additionally, the papers discuss the role of project teams in sustainable economies, engagement incentives for IT professionals in Bulgaria, and consumer responses to sustainable consumption, with insights gained from eye-tracking experiments. Furthermore, the ITEMA 2023 conference covered the positive and negative effects of digital content consumption, the potential of cryptocurrencies in risk management, and the experiential dimensions driving local producers, the impact of digitalization on HR performance in Morocco, AI adoption in Slovenia, and large language models in text mining are explored, alongside the analysis of cryptocurrencies in tourism and corporate governance’s influence on financial performance in the energy sector, etc. ITEMA 2023 keynote speaker was Ilijana Petrovska, Program Leader of Digital Marketing MSc at Northumbria in Qatar and Full-Time Professor at University American College Skopje, North Macedonia with the topic Customer Empowerment in Digital Age. Within publications from the ITEMA 2023 conference: • 24 double peer-reviewed papers have been published in the ITEMA 2023 Selected Papers, • 44 double peer-reviewed papers have been published in the ITEMA 2023 Conference Proceedings, • 47 abstracts have been published in the ITEMA 2023 Book of Abstracts. Altogether ITEMA 2023 publications have more than 700 pages. All full papers have DOI numbers and ORCID iD integration. Participation in the conference took more than 200 researchers representing 25 different countries from different universities, eminent faculties, scientific institutes, colleges, various ministries, local governments, public and private enterprises, multinational companies, associations, etc.
- Print-ISBN-13: 978-86-80194-75-2
- Page Count: 390
- Publication Year: 2023
- Language: English
Benefits and Risks: Combined Literature Review on the Use of AI Models and Company Data Disclosure
Benefits and Risks: Combined Literature Review on the Use of AI Models and Company Data Disclosure
(Benefits and Risks: Combined Literature Review on the Use of AI Models and Company Data Disclosure)
- Author(s):Stojan Ivanišević, Rajko Ivanišević, Aleksandar Ivić
- Language:English
- Subject(s):Social Sciences
- Page Range:1-10
- No. of Pages:10
- Keywords:AI; AI models; Data resource management; Decision making; Data security; Risk assessment; Data loss; GDPR; Data breach
- Summary/Abstract:As the use of artificial intelligence (AI) language models in business operations becomes an everyday reality, the management of company data resources, including the prevention of loss, raises critical questions about data privacy, security, and ethical considerations become increasingly important. This study presents a comprehensive examination - literature review, as a foundation for further research on AI model usage and the effective management of company data resources. The literature review surveys current research, revealing key themes and trends related to the topic, and offering insights into the reality of AI model use. This study aims to provide a holistic understanding of the complex interaction between AI, data resource management, and corporate decision-making.
Linear Statistical Features for the Purposes of Computer Network Automation
Linear Statistical Features for the Purposes of Computer Network Automation
(Linear Statistical Features for the Purposes of Computer Network Automation)
- Author(s):Milan Milivojević, Milan Pavlović, Marija Zajeganović
- Language:English
- Subject(s):Social Sciences
- Page Range:11-18
- No. of Pages:8
- Keywords:Computer networks; Automation; Python; Statistical analysis
- Summary/Abstract:The development of artificial intelligence finds applications in various practical areas, such as computer networks. The primary goal of introducing automated methods is the efficient optimization of computer network operations. As input data for each algorithm, parameters that best describe the computer network are defined. Therefore, it is essential to define which parameters are relevant to ensure the significant use of automation methods. Parameters like Round-Trip Time delay resulting from ping commands can be used as the basis for defining input parameters for the automation system. This approach can help detect anomalies in network operation due to topology disruptions and increased load on specific links within the network. These anomalies can be mitigated by adjusting routing protocol parameters and activating redundant links. The authors describe basic features that can be extracted from time series data containing information about delay times. Special emphasis is placed on the characteristics that result from linear statistical analysis using the Python programming language.
Implementation of Next-Generation Firewalls in Modern Networks
Implementation of Next-Generation Firewalls in Modern Networks
(Implementation of Next-Generation Firewalls in Modern Networks)
- Author(s):Milan Pavlović, Marija Zajeganović, Milan Milivojević
- Language:English
- Subject(s):Social Sciences
- Page Range:19-28
- No. of Pages:10
- Keywords:Next-generation firewall; Network security; IoT
- Summary/Abstract:The primary function of any firewall is to assist in protecting against unwanted or malicious traffic entering or leaving a network. However, as threats evolve and become increasingly challenging to detect, network security must remain equally sophisticated. In addition to access control, Next-Generation Firewalls can block modern threats such as advanced malware and application-layer attacks. This paper will present the fundamental characteristics of Next-Generation Firewalls and their implementation in modern networks, particularly their use in IoT. First, the concept of Next-Generation Firewalls will be explained, highlighting significant improvements they have over previous generations of firewalls, and the reasons for implementing them. Next, the authors will provide an overview of Next-Generation Firewall architectures. Special attention will be given to the use of Next-Generation Firewalls in the context of IoT.
ICT as a Contribution to the Dissemination of Information to E-Consumers
ICT as a Contribution to the Dissemination of Information to E-Consumers
(ICT as a Contribution to the Dissemination of Information to E-Consumers)
- Author(s):Rodrigo Lopes, Alcina Dourado, Leonilde Reis
- Language:English
- Subject(s):Social Sciences
- Page Range:29-34
- No. of Pages:6
- Keywords:Web application; Database; Design science research; Consumer rights; Data modeling
- Summary/Abstract:Currently, most organizations rely on Information Systems and Information and Communication Technologies to disseminate information in various contexts. Conversely, consumer rights are enshrined in the Constitution of the Portuguese Republic and Law no. 24/96, of July 31, emphasizing the right to consumer information. The underlying problem lies in the difficulty of accessing information on consumer rights and duties. The project aims to create a Web Application to simplify information retrieval, avoid time wastage across different platforms, enhance data access and sharing speed, and increase data availability and connectivity. It seeks to empower citizens as consumers and enable organizations to access and disseminate information more efficiently. The application, developed using the Design Science Research methodology, facilitates quick access to consumer rights information, allows user registration and authentication, and offers account management features. Overall, it adds value to consumers’ lives by promoting awareness of responsible consumption.
ONE Security Solution in a Cloud Environment
ONE Security Solution in a Cloud Environment
(ONE Security Solution in a Cloud Environment)
- Author(s):Marija Zajeganović, Milan Pavlović, Nenad Kojić
- Language:English
- Subject(s):Social Sciences
- Page Range:35-40
- No. of Pages:6
- Keywords:Security; Cloud; Services; Virtualization
- Summary/Abstract:Over the past decade, cloud computing and virtualization have become one of the areas that increasingly capture the attention of the IT world. The significance and advantages of cloud platforms compared to traditional infrastructure systems are numerous. On the other hand, due to the openness of many services to the public network and the need for certain services to be accessible exclusively through secure and private networks, security in the cloud becomes a highly significant issue. In the first part of the paper, an overview of cloud service delivery models will be provided. The authors will then elaborate on some core cloud services and their security aspects in detail. Additionally, security mechanisms in a virtual private cloud will be explained.
The Integration of Blockchain Technology in Food Supply Chain Management – A Systematic Literature Review
The Integration of Blockchain Technology in Food Supply Chain Management – A Systematic Literature Review
(The Integration of Blockchain Technology in Food Supply Chain Management – A Systematic Literature Review)
- Author(s):Alisa-Mihaela Ambrozie
- Language:English
- Subject(s):Social Sciences
- Page Range:41-48
- No. of Pages:8
- Keywords:Blockchain technology; Food supply chain management; Transparency; Traceability; Sustainability
- Summary/Abstract:In the current global context of food supply chain management, blockchain technology promotes transparency, assurance, traceability, authenticity, and security—imperative attributes in a domain where balancing transparency, sustainability, and efficacy is crucial. This article endeavors to elucidate the integration and advancement of blockchain technology’s role within the food supply chain through a systematic review of the literature. Through the meticulous analysis of specialized, empirical, theoretical, and conceptual works, a coherent perspective on the trends, challenges, and opportunities inherent in implementing blockchain technology within the food supply chain emerges. While blockchain technology is ready to offer transparency, security, and compliance to the food supply chain, optimal implementation necessitates the consideration of organizational, technological, and environmental factors. The article not only serves as a foundation for future research but also as a catalyst for practical applications in the food supply chain sector, with the ultimate goal of increasing efficiency, sustainability and transparency.
Aspects Regarding the Development of an Urban Smart Grid
Aspects Regarding the Development of an Urban Smart Grid
(Aspects Regarding the Development of an Urban Smart Grid)
- Author(s):Ovidiu Lucaciu-Gredjuc, Monica Leba
- Language:English
- Subject(s):Social Sciences
- Page Range:49-54
- No. of Pages:6
- Keywords:Energy resources; Renewable energy; Smart grids; Photovoltaic panels
- Summary/Abstract:Energy resources are essential for the functioning of modern societyand their connection with smart grids. Developing an urban smart gridinvolves a multi-faceted process of upgrading and optimizing electrical infrastructureand represents a holistic approach to transforming urban energyecosystems, aligning with global sustainability goals, while providing citieswith resilient electrical infrastructure and efficient to face the challengesof the 21st century. This paper proposes to identify the theoretical and appliedconcepts related to the engineering of the control system that is the basisof a smart urban network, to present the relevant elements regarding concepts,structures, algorithms, and mathematical models. The paper containsan analysis of what exists in practical approaches, simulation platforms, connectionsto the Energy Internet, and examples of each. In the last part, it presentscontributions and future research directions.
Face Recognition: A Literature Review
Face Recognition: A Literature Review
(Face Recognition: A Literature Review)
- Author(s):Gabriela Laura Salagean, Monica Leba
- Language:English
- Subject(s):Social Sciences
- Page Range:55-60
- No. of Pages:6
- Keywords:Computer vision; Face recognition; Face analysis; Deep learning
- Summary/Abstract:Face recognition is a crucial and rapidly evolving field within computer vision and artificial intelligence. The human face is one important element for recognizing a person in a group. The mechanism used by the human brain for face recognition is not yet fully understood, making it a complex problem. Over the past decade, there have been significant advancements in both the accuracy and applicability of face recognition systems. Deep learning techniques, particularly convolutional neural networks (CNNs), have played a pivotal role in achieving state-of-the-art performance in face recognition tasks. This paper proposes a review of research on face recognition techniques, algorithms and existing applications, with their advantages and disadvantages. It also includes a comparison of the results obtained with various algorithms and the related limitations. In the last part, it presents future directions of development in the field of face recognition.
Decision Support System with AI-based Gait Estimation as Aid for Neurodegenerative Disease Patients
Decision Support System with AI-based Gait Estimation as Aid for Neurodegenerative Disease Patients
(Decision Support System with AI-based Gait Estimation as Aid for Neurodegenerative Disease Patients)
- Author(s):Arun-Fabian Panaite, Monica Leba
- Language:English
- Subject(s):Social Sciences
- Page Range:61-72
- No. of Pages:12
- Keywords:IMU; Machine learning; Gait tracking; AI; Sensor fusion; Data fusion
- Summary/Abstract:AI-based uncertainty handling can be applied to multimodal data fusion for IMU (Inertial Measurement Units) sensor-based gait motion capture in tracking gait differences in patients with Alzheimer’s disease or other medical conditions. The challenge is represented by monitoring and analyzing gait patterns in patients with Alzheimer’s disease to detect changes over time and assess disease, progression, or treatment effectiveness. Machine learning models are used to enhance the accuracy of gait analysis systems, making them valuable tools in healthcare for diagnosis and rehabilitation. Thus, IMUs have evolved with multi-sensor systems, sensor fusion, and machine learning for precise gait analysis, finding applications in clinical and consumer settings. AI-based gait motion capture has advanced through deep learning and video-based methods, enabling non-invasive, markerless analysis for individual identification, and enhancing healthcare diagnostics and rehabilitation. Recurrent neural networks (RNNs) or long short-term memory networks (LSTMs), are developed and trained using historical gait data from patients with Alzheimer’s disease that also include the uncertainty estimates as input features to the models. AI-based uncertainty handling integrated into gait motion capture and analysis allows continuous monitoring of gait differences in patients with Alzheimer’s disease and other medical conditions.
Deep Machine Learning for Time Series Inbound Tourism Forecasting
Deep Machine Learning for Time Series Inbound Tourism Forecasting
(Deep Machine Learning for Time Series Inbound Tourism Forecasting)
- Author(s):Ivanka Vasenska
- Language:English
- Subject(s):Social Sciences
- Page Range:73-82
- No. of Pages:10
- Keywords:Time series; Deep machine learning; Artificial intelligence; Bulgaria inbound tourism forecast
- Summary/Abstract:Accurate inbound tourism flow forecasting has been a challenge for all stakeholders related to the sector. The multidisciplinary character of the tourism product which has been directly and indirectly influenced by all types of risks, cataclysms and crises further exposed its intangible nature to shocks and flows disruption. Thus, forecasting inbound tourism flows with advanced data science and AI (artificial intelligence) methods has been gaining momentum, which the COVID-19 pandemic boosted. Therefore, this paper aims to examine the relevant AI forecasting methods by applying a deep machine learning technique comparing different Python time series forecasting libraries via a Jupyter Notebook computer environment. Bulgaria’s inbound tourism data has been used to develop an advanced deep neural network with the DARTS Python library and compare its accuracy with other Python library models.
Pandemic Contraction and Recovery of the Russian Tourism Industry in 2019-2021 against the Backdrop of Other G20 Countries
Pandemic Contraction and Recovery of the Russian Tourism Industry in 2019-2021 against the Backdrop of Other G20 Countries
(Pandemic Contraction and Recovery of the Russian Tourism Industry in 2019-2021 against the Backdrop of Other G20 Countries)
- Author(s):Lyudmila Bogachkova, Olga Oleynik, Arina Shevelyushkina
- Language:English
- Subject(s):Social Sciences
- Page Range:83-90
- No. of Pages:8
- Keywords:Tourism; Contraction of the industry; Recovery of the industry; Pandemic; Russia; G20 Countries
- Summary/Abstract:The paper highlights the significance of tourism sector support measures in modern Russian economic policy. Special attention is given to an aggregate indicator of tourism’s contribution to the economy. This indicator has been calculated taking into account the share of tourism in the country’s GDP; the share of tourism in the total number of jobs; the share of tourism in total export revenues. The research is based on the data of the World Travel and Tourism Council. The effects of the pandemic and the subsequent recovery of the industry have been described using the 2019 indices of the composite indicator. It has been revealed that Russia ranks second to last among the G20 countries in terms of the aggregate contribution of tourism to the economy. At the same time, Russian tourism was characterized by a relatively small contraction in 2020 and a low recovery rate in 2021, which indicates the need to make regulation measures more effective.
Selected Financial Factors of Tourism in the Slovak Republic
Selected Financial Factors of Tourism in the Slovak Republic
(Selected Financial Factors of Tourism in the Slovak Republic)
- Author(s):DANA ORSZÁGHOVÁ
- Language:English
- Subject(s):Social Sciences
- Page Range:91-98
- No. of Pages:8
- Keywords:Tourism; Financial factors; Tourism revenues
- Summary/Abstract:Tourism is one of the economic sectors extremely affected by the COVID-19 pandemic on a global scale. In addition to the rapid reduction of financial income from tourism, the negative impact caused the lack of employees who evaluated this sector as risky and sought employment in another sector. The main goal of this paper is to evaluate selected financial factors of tourism with a focus on post-pandemic changes in the conditions of the Slovak Republic. During the pandemic, there was a significant drop in the number of visitors to accommodation facilities, specifically between 2019 and 2020 there was a drop of 50%. Revenues from tourism in 2020 decreased by an average of 60% compared to 2019. Comparing results in the period before and after the pandemic brought positive information about the restart of domestic tourism in Slovakia and also about increasing revenues of active and passive tourism.
Tourism Recovery after COVID-19 Pandemic in Typical Rural Areas in Bulgaria
Tourism Recovery after COVID-19 Pandemic in Typical Rural Areas in Bulgaria
(Tourism Recovery after COVID-19 Pandemic in Typical Rural Areas in Bulgaria)
- Author(s):Violetka Zheleva, Emil Mutafov
- Language:English
- Subject(s):Social Sciences
- Page Range:99-106
- No. of Pages:8
- Keywords:Rural areas; Tourism; COVID-19; Accommodation; NUTS 3
- Summary/Abstract:Rural areas in Bulgaria are strategically important for the national well-being in every country and Bulgaria is not an exception. After the COVID-19 pandemic, the tourism sector was on hold with a devastating impact on the Accommodation establishments’ number and Nights spent. The main goal of this research is to review current data on the tourism sector in typical rural areas in Bulgaria and suggest possible measures to increase vital indicators. The study is based on three approaches to classify urban and rural areas according to NUTS 3 regions. A multi-component methodology has been applied to ensure the correct treatment of the information on a regional basis. The results presented show that there has been a decline in overnight stays and accommodation in Bulgaria. There is a recovery trend after the COVID-19 pandemic and a slight increase in both indicators. Revenue from overnight stays increases after 2020. There is a promising trend related to the development of the tourism sector.
Rural Tourism as a Tool for Sustainable Development of the Srem District in Serbia
Rural Tourism as a Tool for Sustainable Development of the Srem District in Serbia
(Rural Tourism as a Tool for Sustainable Development of the Srem District in Serbia)
- Author(s):Nada Kosanović, Mirjana Bartula
- Language:English
- Subject(s):Social Sciences
- Page Range:107-116
- No. of Pages:10
- Keywords:Rural tourism; Srem district; Sustainable development; Brand
- Summary/Abstract:The beginning of the twenty-first century is characterized by numerous changes in all areas of life. These changes give us the right to anticipate some global trends in the field of economy and business of the population in rural areas. Contemporary trends in the field of business in rural areas actualize tourism as the most important component of integral rural development and indicate that significant changes are expected in that area. The twenty-first century will be a period in which the needs and expectations of domestic and foreign demand will become increasingly refined, therefore it will be necessary for rural tourism to represent a combination of different aspects and a value perception of the presentation of rural life. Family farms will be differentiated by the success of product and area branding, while intangible marketing assets such as brands, market knowledge, relationship with customers, and distribution coverage, will become a significant value of the region. The main goal of the research is to assess the potential and opportunities for the development of a new program of rural tourism in the Srem District in Serbia based on sublimated and analyzed indicators for seven municipalities, which will contribute to the affirmation and development of rural tourism in the region.
Archaeological Sites and Local Renaissance: Enlightening Italy’s Inner Rural Areas – The Case Study of the 21 Villages in the Madonie Park, Sicily
Archaeological Sites and Local Renaissance: Enlightening Italy’s Inner Rural Areas – The Case Study of the 21 Villages in the Madonie Park, Sicily
(Archaeological Sites and Local Renaissance: Enlightening Italy’s Inner Rural Areas – The Case Study of the 21 Villages in the Madonie Park, Sicily)
- Author(s):Luisa Lombardo
- Language:English
- Subject(s):Social Sciences
- Page Range:117-126
- No. of Pages:10
- Keywords:Archaeology; Inner areas; Madonie Park
- Summary/Abstract:In Italian inner rural areas, archaeology emerges as the thread that connects past and present, revealing the cultural and historical roots of often overlooked small villages. These settlements, like the Madonie District and its 21 villages, nestled in picturesque landscapes, hold archaeological treasures that, if properly rehabilitated and valorized, can trigger a social, economic, and cultural revival. Archaeology can play a pivotal role in reigniting the vitality of these communities with the contribution of technological innovation. Using augmented and virtual reality and emerging technologies, it is possible to immerse oneself in antiquity and have immersive experiences that allow the perception of inner rural areas history in new ways that revitalize existing sites but also enable the experience of what no longer exists, digitally reconstructing structures and realities lost over the centuries. This can attract visitors eager to uncover the authentic charm and intrinsic history of these places and can transform them into smart villages.
Art Nouveau Style as a Discursive Strategy for Tourism Promotion. The Case of the City of Oradea
Art Nouveau Style as a Discursive Strategy for Tourism Promotion. The Case of the City of Oradea
(Art Nouveau Style as a Discursive Strategy for Tourism Promotion. The Case of the City of Oradea)
- Author(s):Andra-Teodora Porumb, Adina Sacara Onita, Ciprian Beniamin Benea
- Language:English
- Subject(s):Social Sciences
- Page Range:127-135
- No. of Pages:10
- Keywords:Art Nouveau; Cultural tourism; Discourse analysis; Destination; Communication
- Summary/Abstract:The paper analyzes how the Art Nouveau style has become a primary element of tourism promotion and the brand of the City of Oradea, a city with a rich history and cultural tradition located on the western border of Romania, as well as the importance it occupies in building the image of this tourist destination and the city’s identity. With a unique architectural heritage, the city of Oradea has become the most important Art Nouveau city in Eastern Europe, currently competing with famous cities such as Nancy, Barcelona, Brussels, and Vienna and aspires to the status of a predilection destination, to become a place tourists dream of. The speech that outlines the image of this destination is impregnated with marks of subjectivity; it appeals to elements of history, tradition, culture and music, creating bridges between people and building an effective relationship with potential tourists.
Application of Environmental Indicators of Sustainable Tourism in City Omiš
Application of Environmental Indicators of Sustainable Tourism in City Omiš
(Application of Environmental Indicators of Sustainable Tourism in City Omiš)
- Author(s):Slađana Pavlinović Mršić, Andrea Ćosić
- Language:English
- Subject(s):Social Sciences
- Page Range:137-145
- No. of Pages:10
- Keywords:Environmental indicators; Sustainable tourism; City Omiš
- Summary/Abstract:This work elaborates on the applicability of environmental indicators of sustainable tourism CROSTO at the destination of the city Omiš (Croatia). Criteria of availability, reliability, clarity and feasibility were considered. Tourism share in energy consumption, water consumption, waste and wastewater generation, as well as the number of eco-certified firms, were analyzed. Findings suggested that CROSTO indicators are applicable for sustainable destination management in the city Omiš. However, additional efforts are indispensable in order to improve their availability and visibility. Finally, although a certain level of environmental sustainability of tourism activities in the city Omiš was detected, further improvements are required.
Unearthing the Potential: Energy Metals as Hedging Assets in Portfolio Rebalancing Strategies
Unearthing the Potential: Energy Metals as Hedging Assets in Portfolio Rebalancing Strategies
(Unearthing the Potential: Energy Metals as Hedging Assets in Portfolio Rebalancing Strategies)
- Author(s):Rui Dias, Mariana Chambino, Paulo Alexandre
- Language:English
- Subject(s):Social Sciences
- Page Range:147-156
- No. of Pages:10
- Keywords:Events of 2020 and 2022; Clean energy stocks; Energy metals; Coverage assets
- Summary/Abstract:This article analyzes energy metals, specifically Aluminum (MAL3), nickel futures (NICKELc1), and copper futures (HGU3), concerning 3 clean energy indexes: the S&P Global Clean Energy Index (SPGTCLEN), the Nasdaq Clean Edge Green Energy (CEXX), and the WilderHill Clean Energy Index (ECO). It focuses on a significant period during which investments in clean energy increased significantly, with capital allocations tripling from the previous decade. The study’s findings are of great significance, given the recent surge in clean energy investments. As the world increasingly embraces cleaner energy sources, understanding how these assets relate to clean energy indexes becomes crucial for investors navigating this dynamic landscape. Moreover, the study’s relevance is underscored by recurring market uncertainty, making it a valuable resource for investors seeking to make informed decisions and manage portfolio risks in an era marked by economic uncertainty, policy shifts, and environmental concerns. This work contributes to academic discourse and has practical implications for financial markets
Strength in Transition: Resilience of Sustainable Energy vs. Fossil Energy.
Strength in Transition: Resilience of Sustainable Energy vs. Fossil Energy.
(Strength in Transition: Resilience of Sustainable Energy vs. Fossil Energy.)
- Author(s):Rui Dias, Mariana Chambino, Paulo Alexandre
- Language:English
- Subject(s):Social Sciences
- Page Range:157-166
- No. of Pages:10
- Keywords:Sustainability; Clean energy; Dirty energy; Dependency
- Summary/Abstract:Promoting clean energy sources necessitates global cooperation through cross-border collaboration, knowledge sharing, and resource allocation. A global imperative exists to transition towards a cleaner, sustainable energy mix to combat climate change and maintain environmental equilibrium. This study assesses the influence of fossil energy prices (Brent Crude Spot, WTI, FTSE 350 Oil, Gas & Coal, EURO STOXX Oil & Gas) on sustainable energy prices (Geothermal Index, Solar Energy Index, NASDAQ OMX Bio Clean Fuels Index, Wind Energy Index, WilderHill Clean Energy Index) in both stable and turbulent market conditions. This study suggests that sustainability and innovation in green energy significantly impact fossil fuel-related indexes. During challenging periods, sustainable energy markets gain prominence, while “dirty” energy indexes exhibit varying degrees of influence. Remarkably, the WilderHill Clean Energy Index plays a central role in shaping both fossil fuel and sustainable energy indexes. These findings underscore the growing trend towards greener and more sustainable investments, emphasizing sustainability’s substantial sway over financial markets.
A Short Guidance for SME Sustainability Reporting at the EU Level
A Short Guidance for SME Sustainability Reporting at the EU Level
(A Short Guidance for SME Sustainability Reporting at the EU Level)
- Author(s):Dominika P. Galkiewicz, Veronika Gaβner
- Language:English
- Subject(s):Social Sciences
- Page Range:167-175
- No. of Pages:10
- Keywords:SME; Sustainability; Reporting
- Summary/Abstract:Environment, Social and Governance (ESG) related regulations such as the Non-Financial Reporting Directive (NFRD) or the upcoming Taxonomy Regulation of the European Union (EU) combined with the Corporate Sustainability Reporting Directive (CSRD) had and will have a lasting impact on various market participants including small and medium-sized enterprises (SMEs). Among these market participants, SMEs face difficulties in complying with sustainability reporting due to limited resources and the absence of SME-specific guidelines. To address this issue, a framework for SME sustainability reporting in the EU is proposed in this study. The framework consists of a seven-step process that helps companies and stakeholders prioritize relevant sustainability topics. The proposed framework is easy to implement and cost-effective, considering the unique characteristics and capabilities of SMEs. The study targets managing directors and decision-makers of German SMEs to assist them in preparing their sustainability reports. The minimum content elements for SME sustainability reporting include general disclosures, climate change, own workforce, and materiality assessment. The European Financial Reporting Advisory Group (EFRAG) plans to provide a digital questionnaire for SMEs to gather the necessary information. Proactive sustainability reporting can help SMEs improve stakeholder relations and optimize their internal processes, leading to competitive advantages and cost savings. However, it is important to note that authenticity, high quality, and transparency in disclosing sustainability aspects are crucial to avoid reputational damage resulting from greenwashing.
Status Quo of Voluntary Sustainability Reporting by German SMEs in 2021
Status Quo of Voluntary Sustainability Reporting by German SMEs in 2021
(Status Quo of Voluntary Sustainability Reporting by German SMEs in 2021)
- Author(s):Dominika P. Galkiewicz, Veronika Gaβner
- Language:English
- Subject(s):Social Sciences
- Page Range:177-184
- No. of Pages:8
- Keywords:SME; Sustainability; Reporting
- Summary/Abstract:New regulations related to Environment, Social and Governance (ESG), such as the Non-Financial Reporting Directive (NFRD) or the upcoming Taxonomy Regulation of the European Union (EU), will have a significant impact on various market participants. To gain insight, a study was conducted comparing sustainability reporting patterns of the top ten voluntary small and medium-sized enterprises (SMEs) sustainability reports. The results showed that these companies do not follow a uniform approach to sustainability reporting. Though the evaluated topics were the same, their contents and level of detail differed. It was also observed that some of the examined companies selected key performance indicators (KPIs) according to their preference and explained them in detail. Moreover, the companies issued different types of sustainability reports, such as separate PDF reports, online versions, or a combination of both. The companies provided extensive information on environmental issues, especially on GHG emissions, concrete measures, and targets for reducing emissions and energy consumption. Many presented this information in detail with status and KPIs linked to their sustainability program based on their previously identified material issues. However, the topics of pollution, water and marine resources, biodiversity, and ecosystems were only marginally addressed in the examined sustainability reports. Regarding social information, the investigated companies disclosed a broad spectrum of information on their own workforce, especially on working conditions, equal treatment, and opportunities. On the other hand, the reporting of the examined companies varied widely for governance. Many firms reported on mandatory topics such as corruption, bribery, and political engagement. These findings are useful for policymakers, other companies including banks and suppliers, and individuals interested in assessing sustainability status and progress.
A Comparative Analysis of ESG Measures in Real Estate in Germany, Austria, and Switzerland for 2019-2021
A Comparative Analysis of ESG Measures in Real Estate in Germany, Austria, and Switzerland for 2019-2021
(A Comparative Analysis of ESG Measures in Real Estate in Germany, Austria, and Switzerland for 2019-2021)
- Author(s):Dominika P. Galkiewicz, Bernd Wollmann
- Language:English
- Subject(s):Social Sciences
- Page Range:185-192
- No. of Pages:8
- Keywords:SDG; ESG; Sustainability; Taxonomy; Real Estate; UN; EU; EPRA; NFRD
- Summary/Abstract:In recent years, the issue of sustainability has evolved from a voluntary environmental issue to an increasingly comprehensive set of regulations. The Non-Financial Reporting Directive (NFRD) and the upcoming Taxonomy Regulation of the European Union (EU) are two examples of such regulations. EU taxonomy reporting is gradually becoming mandatory for more and more companies – these regulations include rules for environmental, social, and governance (ESG) factors, and have a significant impact, especially on the real estate industry and its stakeholders. The goal of this study is to evaluate how consistently the 55 largest real estate companies in three European countries have disclosed information on topics such as employees, social factors, and governance issues, in addition to environmental concerns, between the years 2019 and 2021. Large companies are often better prepared for this because they have the resources and expertise for professional reporting. Regardless of the size of the company, however, the biggest challenge is still the lack of standardization. The reporting on the following metrics has undergone significant changes during the observed period (2021 compared to 2019): E-measures: which standards are used (+260%), EPRA recommendations (+180%), Scope 3 t CO2e (+120%), S-measures: employee satisfaction (+100%), employees with permanent contracts (+67%), salary ratio of woman to man (+55%), G-measures: own Sustainability Performance Index (+350%), UN SDG‘s included in the report (+300%), and Board Compensation tied to Sustainability measures (+150%). It is crucial for individuals, organizations, and politicians proposing new sustainability reporting regulations in Europe to recognize that overly complicated rules may not be followed entirely. Additionally, it is essential to maintain a consistent EU taxonomy reporting approach that is simple to implement in the future, regardless of the industry and the size of the company.
Breaking the Barriers to Services Trade in Central and Eastern Europe
Breaking the Barriers to Services Trade in Central and Eastern Europe
(Breaking the Barriers to Services Trade in Central and Eastern Europe)
- Author(s):Jasna Tonovska
- Language:English
- Subject(s):Social Sciences
- Page Range:193-201
- No. of Pages:10
- Keywords:Services; Services Trade Restrictiveness Index; Central and Eastern Europe
- Summary/Abstract:Rapid technological advancements have caused profound shifts in the global economy, establishing services and their trade as pivotal components within the framework of economic transformation. The study investigates developments in international trade in services within five CEE countries over the last two decades, using various data sources - the Balance of Payments (BOP), the overall and the digital services trade restrictiveness index (STRI) and trade in value added. Despite CEE countries being net-exporters of services, the share of services in total external trade remains limited. Also, several ‘modern services’ exhibit an increase in their exports and services supplied internationally through mode 3 are substantial. As reflected in the modest share of services exports in GDP, services in CEE exhibit low tradability. Both STRI and Digital STRI data suggest that services sectors in CEE have open regulatory environment for trade. The findings highlight the importance of prioritizing digitalization and leveraging technological advancements to enhance services trade and foster economic growth in the CEE region.
Market Analysis of FCEV Strategies for European OEMs
Market Analysis of FCEV Strategies for European OEMs
(Market Analysis of FCEV Strategies for European OEMs)
- Author(s):Abdurrahman Bekar, Milan Fekete
- Language:English
- Subject(s):Social Sciences
- Page Range:203-215
- No. of Pages:14
- Keywords:FCEV market; OEM Europe; International automotive market; Fuel cell technology; Alternative drive infrastructure
- Summary/Abstract:This paper assesses the potential feasibility of a stand-alone fuel cell electric vehicle market for Europe to be evaluated as a possible alternative to battery electric vehicles (BEVs) in the global automotive industry. Here, the availability of hydrogen as well as the potential of the infrastructure associated with a fuel cell strategy must be considered. Taking into account the internal and external situations in the area of geopolitics, raw material production and import dependencies as well as the social acceptance of fuel cell vehicles (FCEVs), an actual situation is to be derived that shows what opportunities FCEVs have in a European and international market. The aim is to make clear which entry barriers exist in the industry, but at the same time which potentials a European OEM entry has. As a result, it can be shown that an FCEV strategy in the current situation would theoretically be well achievable.
Analysis of the Probability of Meeting the Zero CO2 Emissions Target for All New Passenger Vehicles by 2035 in EU Countries
Analysis of the Probability of Meeting the Zero CO2 Emissions Target for All New Passenger Vehicles by 2035 in EU Countries
(Analysis of the Probability of Meeting the Zero CO2 Emissions Target for All New Passenger Vehicles by 2035 in EU Countries)
- Author(s):Darko Pirtovšek, Sonja Boštjančić
- Language:English
- Subject(s):Social Sciences
- Page Range:217-228
- No. of Pages:12
- Keywords:Passenger plug-in electric vehicles; Zero CO2 emissions; EU countries; Shares; Analysis
- Summary/Abstract:In this paper, the authors undertook an analysis of the likelihood that EU Member States will meet the commitments made by the European Parliament in adopting the »Fit for 55« strategy, which sets the target of making all new passenger cars and light commercial vehicles zero-emission by 2035. The analysis itself was based on the data obtained on the increase in the share of passenger plug in electric vehicles (PEVs) from individual EU countries over the last 5-year period 2017-2022. This data was then used to calculate the trends in the increase in the share of PEVs in each EU country up to 2035. The results of the analysis itself showed that the targets set by the European Parliament are too ambitious and unrealistic, with only 4 countries - Sweden, Denmark, Luxembourg and the Netherlands - expected to reach them. All other countries are more or less far from them.
Innovative Technologies for Bionic Transformation of Rural Areas
Innovative Technologies for Bionic Transformation of Rural Areas
(Innovative Technologies for Bionic Transformation of Rural Areas)
- Author(s):Sanja Tišma, Andrea Ruk, Anamarija Pisarović
- Language:English
- Subject(s):Social Sciences
- Page Range:229-236
- No. of Pages:8
- Keywords:Rural areas; Smart villages; Bionic transformation; Entrepreneurship
- Summary/Abstract:This article elaborates on the current trends in rural areas in the EU related to smart rural development. It presents different models of smart villages that can increase the attractiveness of rural areas and create favorable conditions for local businesses and entrepreneurship. Special attention is given to bionic transformation as a new and emerging potential of rural regions to create new jobs, stabilize rural populations and strengthen the economic resilience of non-urban areas. Several examples – European successful case studies are presented. Conclusions lead to the innovation of the smart village approach through bionic transformation, the development of a common strategic framework to support the implementation of different models based on rural areas’ specifics and a common platform for the cooperation and exchange of ideas and solutions with different stakeholders.
Strategic Integration of E-commerce and Franchising
Strategic Integration of E-commerce and Franchising
(Strategic Integration of E-commerce and Franchising)
- Author(s):Angelo Manaresi
- Language:English
- Subject(s):Social Sciences
- Page Range:237-248
- No. of Pages:12
- Keywords:E-commerce; Franchising; Strategy
- Summary/Abstract:The primary objective of this article is to discern the strategy implications arising from the incorporation of e-commerce by franchisors within franchise networks. Following interviews with key informants, an experi¬ment was conducted to investigate the franchisees’ willingness to continue investing in the franchise network after the franchisor introduces an e-commerce platform that excludes them. The long-term repercussions of integrating e-commerce into franchising networks include a diminished willingness among franchisees to sustain their investments. This may differ from the short-term acceptance of the franchisor’s e-commerce initiative, primarily attributable to the substantial power imbalance between franchisor and franchisee, as well as short-term inertia inherent in relation-specific investments and franchise contracts. A significant challenge faced by franchisors is the choice between establishing a profit-sharing model or, ideally, a mutually beneficial win-win arrangement with franchisees. Alternatively, the strategy may consider allocating more resources to directly operated stores.
Digital Nomads: Croatian Experience
Digital Nomads: Croatian Experience
(Digital Nomads: Croatian Experience)
- Author(s):Drago Pupavac, Anto Malbašić, Marija Ivaniš
- Language:English
- Subject(s):Social Sciences
- Page Range:249-258
- No. of Pages:10
- Keywords:Digital nomads; Characteristics of digital nomads; Nomadic visa; Republic of Croatia
- Summary/Abstract:Digital nomads are entrepreneurs or employees who almost exclusively use digital technologies to perform their work. They are addicted to the Internet, work on the road and live in multiple locations around the world. The Republic of Croatia is becoming an increasingly attractive destination for digital nomads. Accordingly, the subject of research of importance for this paper is the fundamental characteristics of digital nomads in the Republic of Croatia. The results of the research are based on primary data collected by the survey method (n=40). The survey was conducted from March 13 to May 13, 2023, in a Google Forms form, which was distributed via the social networks Facebook, Twitter, and LinkedIn. The collected data are the subject of analysis using the methods of descriptive statistics. The findings in this work can be helpful to managers of numerous organizations and political decision-makers at all levels.
Competencies Related to the Web and Digital Accessibility
Competencies Related to the Web and Digital Accessibility
(Competencies Related to the Web and Digital Accessibility)
- Author(s):Valentina Kirinić
- Language:English
- Subject(s):Social Sciences
- Page Range:259-268
- No. of Pages:10
- Keywords:Web accessibility; Digital accessibility; Competencies
- Summary/Abstract:An important aspect of information technology (and digital information/content) should be and is its inclusiveness and openness to people with disabilities (PwD) as well as to all other people with special needs. Web and digital accessibility are the basics of digital inclusion, needed to assure equality in the digital world. Each profession should implement, support and promote accessibility in domains that it is responsible for. Accessibility is an important priority today for all. In this paper, the competencies related to the web and digital accessibility are analyzed and discussed. The goal of the study presented is to investigate, using in-depth content analysis, how accessibility is defined and described in information technology standards, recommendations, models and frameworks of (digital) competencies.
Analysis of Labor and the Workforce in the National Economy of the Republic of Bulgaria
Analysis of Labor and the Workforce in the National Economy of the Republic of Bulgaria
(Analysis of Labor and the Workforce in the National Economy of the Republic of Bulgaria)
- Author(s):Krassimira Zagorova
- Language:English
- Subject(s):Social Sciences
- Page Range:269-275
- No. of Pages:8
- Keywords:Human resources; Working population; Labor force; Coefficient of economic activity
- Summary/Abstract:Human resources are carriers of the working force and reflect directly the invested “live” labor in the activity of economic entities. The subject of analysis in the present study are the economic categories «labor» and «workforce», including their meaning, characteristics, and specifics of their functions. Labor is a specific production factor and as such it is inherent in man as an indivisible part of him. Like a specific human activity, labor fulfills two main functions, namely economic and social. Another issue put under discussion is the state of the labor market and the dynamics of the employed workforce in the economy of the Republic of Bulgaria within the period 2018 - March 2023. The analysis focuses on the changes in the growth of employment and the coefficient of economic activity of the population of the Republic of Bulgaria, the structure of the workforce by age groups regarding the national economy, its geographic distribution within the country, etc. At the end, conclusions and recommendations are summarized.
Civil Servant Status and Labor Relations
Civil Servant Status and Labor Relations
(Civil Servant Status and Labor Relations)
- Author(s):Lirime Cukaj (Papa), Iris Pekmezi, Elsa Miha
- Language:English
- Subject(s):Social Sciences
- Page Range:277-285
- No. of Pages:10
- Keywords:Civil Servant; DoPA; Recruitment; Law no.152/2013; Public service; Public official
- Summary/Abstract:Albania, as a signatory of the Stabilization and Association Agreement, is legally obligated to meet European standards, even for public administration. This modest work attempts to provide a regulatory overview of the status of public administration employees, the impact of political forces on sustainability, and the continuity of employment relationships of civilian servants. The primary goal of the entire regulatory system governing the status of civil servants is to establish uniform regulation for all positions related to the exercise of public authority and responsibility for safeguarding the overall interests of the state. Simultaneously, it aims to strengthen legal protection, impartiality of civil servants, political independence, job stability, professionalism, efficiency, and the optimal protection of individual rights and legitimate expectations of citizens from public administration. This work seeks to highlight these elements as reflected in Law No. 152/2013, as amended, also bringing to light the shortcomings or issues related to the implementation of this law. In the paper, an evolution of public administration has been reflected up to the present day, highlighting the issues related to recruitment, and movements within and outside public institutions. Efforts to establish sustainability in administrative positions through career progression, and staff motivation based on job performance, which should be objective and serve the purpose for which such a system has been established, are discussed. We have also endeavored to address these elements related to the status of civil servants in this work.
Innovative Approaches and Practices for Managing People in a Dynamic Environment
Innovative Approaches and Practices for Managing People in a Dynamic Environment
(Innovative Approaches and Practices for Managing People in a Dynamic Environment)
- Author(s):Pavlina Ivanova, Katya ANTONOVA
- Language:English
- Subject(s):Social Sciences
- Page Range:287-293
- No. of Pages:8
- Keywords:Human resources; Innovative approaches; Managing organizational culture
- Summary/Abstract:Dynamics of changes, uncertainty and inability to predict emerging problems, events, situations, complexity of interrelationships, emergence of new problems, situations and knowledge are only part of the modern conditions in which companies work. This requires them to adapt to changes in the environment in a short time, looking for new and innovative approaches, not only in terms of the production process but also in terms of human resource management. The purpose of the authors is to present some of the opportunities for organizations to create and use innovative approaches to human resource management in a dynamic environment, as well as to make quick decisions related to them in company-specific situations.
What Defines Modern Leadership? An Analysis Based on Literature from 2021-2023
What Defines Modern Leadership? An Analysis Based on Literature from 2021-2023
(What Defines Modern Leadership? An Analysis Based on Literature from 2021-2023)
- Author(s):Anton Vorina, Vuk Bevanda, Nikolina Vrcelj
- Language:English
- Subject(s):Social Sciences
- Page Range:295-303
- No. of Pages:10
- Keywords:Modern leadership; Command and control; Trust-building; Artificial intelligence (AI)
- Summary/Abstract:This research paper presents an original exploration into the central question: “What defines modern leadership?” It is imperative to emphasize that this study highlights the imperative for modern leaders to harness the capabilities of Artificial Intelligence (AI) without allowing biases to taint their decision-making process. In the past, the role of a manager was often characterized by authority and command, where people followed directions unquestioningly. In the modern business landscape, marked by rapid changes, the impact of COVID-19, and evolving workplace dynamics, the nature of leadership has transformed. This study aims to explore modern management practices by investigating scholarly papers and online resources from Google Scholar and Google Search, focusing on the period from 2021 to 2023. What we found is that modern leaders need to possess different skills. They should focus on building trust, persuading, and influencing people instead of merely giving orders, as was done in the past. Our research indicates that the ability to adapt, understand others, engage in lifelong learning, and demonstrate care are truly essential for leaders in today’s ever-changing business world. This research paper presents a novel perspective on modern leadership. It underscores that future leaders will leverage Artificial Intelligence (AI) to aid in problem-solving and boost productivity.
What is the Impact of Technological Turbulence on Business Model Novelty and Efficiency?
What is the Impact of Technological Turbulence on Business Model Novelty and Efficiency?
(What is the Impact of Technological Turbulence on Business Model Novelty and Efficiency?)
- Author(s):Brunilda Kosta
- Language:English
- Subject(s):Social Sciences
- Page Range:305-310
- No. of Pages:6
- Keywords:Business model novelty; Business model efficiency; Technology turbulence
- Summary/Abstract:In today’s rapidly evolving business landscape, technological turbulence has become a defining factor that reshapes traditional business models. This paper explores the relationship between technological turbulence and the transformation of business models. To do so, a survey involving 201 businesses operating in Albania was conducted. The survey results show that technological turbulence has a significant positive impact on the development of novel business models and efficient business models. This paper concludes with theoretical and practical implications.
Project Management, Functional and Business Analysis in Fin-Prisma
Project Management, Functional and Business Analysis in Fin-Prisma
(Project Management, Functional and Business Analysis in Fin-Prisma)
- Author(s):Vitor Martins, Leonilde Reis, Marco Santos
- Language:English
- Subject(s):Social Sciences
- Page Range:311-316
- No. of Pages:6
- Keywords:Functional analysis; Projects; Processes; Documentation; Tests; Software
- Summary/Abstract:Organizations rely heavily on Information Systems and Information and Communications Technologies to support business strategies and offer unique services to their clients. In project management, the focus is on the role of functional analysts and their skills in enhancing client relationships. This approach involves exchanging information and knowledge among specialists and researching internal and external documents related to each business’s specific context. The key outcomes highlight the functional analyst’s importance in the organizational setting, serving as a differentiator in client relations and facilitating interactions to ensure the final solution meets the client’s expectations and needs.
Management of the Care of the Injured and Sick in Emergencies
Management of the Care of the Injured and Sick in Emergencies
(Management of the Care of the Injured and Sick in Emergencies)
- Author(s):Katarina Štrbac, Brankica Pažun
- Language:English
- Subject(s):Social Sciences
- Page Range:317-324
- No. of Pages:8
- Keywords:Emergencies; Injured; Management
- Summary/Abstract:Managing the care of the injured and sick in emergencies is critical to disaster and emergency preparedness. Effective management is essential to saving lives and minimizing suffering, whether it’s a natural disaster, a public health crisis, a mass casualty event, armed conflicts, or any other emergency. For every possible emergency, it is necessary to follow fundamental principles and steps: preparedness, assessment and triage, resource allocation, communication, evacuation and transportation, and coordination with other institutions. Effective management of the injured and sick care in emergencies requires careful planning, coordination, and adapting to rapidly changing situations. Collaboration among healthcare organizations, government agencies, and the community is crucial to ensure the best possible outcomes for those affected by emergencies. Coordinated activities in a society are vital to be prepared for emergencies, including developing emergency response plans on all levels. Management plays a crucial role in strengthening the resilience of communities and effective response to emergencies. The involvement of civil society, cooperation with the government and local self-governments, partnership with the private sector, identification of challenges and obstacles, and recommendations for improving the management system are critical factors for successful risk management. Due to the necessary time caring for sick and injured people, one possible solution could be modern information technology. This paper is trying to raise the importance of this issue.
A Systematic Literature Review of Malcolm Baldrige National Quality Award (MBNQA)
A Systematic Literature Review of Malcolm Baldrige National Quality Award (MBNQA)
(A Systematic Literature Review of Malcolm Baldrige National Quality Award (MBNQA))
- Author(s):Thaleia Dima, Michael Glykas
- Language:English
- Subject(s):Social Sciences
- Page Range:325-333
- No. of Pages:10
- Keywords:MBNQA; EFQM; Deming Prize; TQM; Quality performance
- Summary/Abstract:Many organizations measure and assess organizational performance as a business excellence strategy and make quality a key element of their overall business philosophy, as quality leads to improved business performance. In an increasingly turbulent and competitive business environment, numerous organizations have adopted business excellence frameworks to obtain and monitor progress toward business excellence. Developed in the USA, the Malcolm Baldrige Award is a prominent award concerning quality management. This paper reviews approximately 90 journals from different countries, and most of the researchers use the criteria of the Malcolm Baldrige National Quality Award (MBNQA) to gauge organizational performance. The paper aims to present the Malcolm Baldrige National Quality Award (MBNQA) and compare it with even two well-known business excellence models in the world: the Deming Prize and the European Foundation for Quality Management (EFQM) to show what criteria the authors can apply to enhance Business Excellence Models (BEMs).
Traditional vs Digital Supply Chains
Traditional vs Digital Supply Chains
(Traditional vs Digital Supply Chains)
- Author(s):Andrijana Čolaković, Anđela Đorđević, Biljana Cvetić, Miloš Danilović, Dragan Vasiljević
- Language:English
- Subject(s):Social Sciences
- Page Range:335-342
- No. of Pages:8
- Keywords:Supply chains; Supply chain management; Traditional supply chains; Digital supply chains
- Summary/Abstract:This paper thoroughly describes traditional and digital supply chains and their key characteristics. Since digitization has had an impact on every single aspect of human life across the world, it is also transforming traditional into digital supply chains. The research domain is the explanation of traditional and digital supply chains and their comparison based on their stated differences. The methodological approach involves a comparative analysis of traditional and digital supply chains based on a literature review. The result of the paper is the identification of the specifics of digital supply chains and their importance for the company’s business. The originality of the paper is ensured by a comparative analysis of the characteristics of traditional and digital supply chains, which are presented in the form of a table and described in the text. Possible limitations of the paper refer to the availability of relevant literature.
The Role of Social Media in Marketing for Albanian Small Meat Processing Farms: A Comparative Study
The Role of Social Media in Marketing for Albanian Small Meat Processing Farms: A Comparative Study
(The Role of Social Media in Marketing for Albanian Small Meat Processing Farms: A Comparative Study)
- Author(s):Belisa Korriku, Elena Horská
- Language:English
- Subject(s):Social Sciences
- Page Range:343-349
- No. of Pages:8
- Keywords:Social media marketing; Small-scale farming; Meat processing; Digital marketing; Instagram; Comparative analysis
- Summary/Abstract:Social media has become an important tool for Albanian farmers in the field of marketing, helping them grow their small businesses in various ways. Social media is key to providing transparency and showing consumers how their food is grown and raised. This study aims to investigate the social media and online marketing strategies of selected small meat processing farms in Albania. A comparative analysis was carried out on two farms: “Istrefi meat shop” and “Vellezerit Allgjata” Farm. The study used information from the farms’ Instagram page and conducted a benchmarking analysis. The results showed that both farms were successful in reaching their target audience and keeping them engaged. Still, it is suggested that companies should engage more with their followers and share more post information that resonates with customers.
How the Use of the Internet Affects the Attitudes of Serbian Citizens about Public Institutions
How the Use of the Internet Affects the Attitudes of Serbian Citizens about Public Institutions
(How the Use of the Internet Affects the Attitudes of Serbian Citizens about Public Institutions)
- Author(s):Alma Dobardžić
- Language:English
- Subject(s):Social Sciences
- Page Range:351-358
- No. of Pages:8
- Keywords:Internet use; Trust; Public institutions; Attitudes
- Summary/Abstract:There is no doubt that digital literacy and the increasing use of the Internet are making economies more productive. The free flow of information and the ease with which it can be accessed means that information sources such as the Internet have a great influence on the formation of public opinion and the making of individual decisions. The article investigates how the use of the Internet and the trust Serbian citizens show towards state institutions are connected. For this purpose, data from The European Social Survey (ESS) were used, in which more than 3,500 residents of Serbia were surveyed and the attitudes of Internet users towards the state of the economy, democracy, the work of the national government, the education and health system, as well as trust in the legal system and the police were examined. Respondents were categorized according to the frequency of Internet use, age and gender. The results of the descriptive statistical analysis showed that the more often they use the Internet, the less trust residents have in the state. If we consider that young people spend the most time on the Internet, it is easy to assume that losing trust in institutions and responsible people can have very negative long-term consequences for the entire society.
Innovative Teaching and Learning Method Using Information and Communications Technologies
Innovative Teaching and Learning Method Using Information and Communications Technologies
(Innovative Teaching and Learning Method Using Information and Communications Technologies)
- Author(s):Delia Rosu, Mariana Fratu
- Language:English
- Subject(s):Social Sciences
- Page Range:359-364
- No. of Pages:6
- Keywords:ICTs; Innovative teaching-learning methods; On-line courses
- Summary/Abstract:The paper provides an overview of digital technology integration in education, from computers to other more advanced forms of Information Technology, through which teachers and students use innovative methods in the educational process The schools and universities use a diverse set of Information and Communications Technologies (ICTs) solutions to communicate, create, store, and manage information in any contexts. ICTs have also become intrinsic to the teaching-learning interaction. In this digital era, ICTs are essential for giving students opportunities to learn and apply the required 21st-century skills. ICTs are essential for teachers in performing their role of maker of pedagogical environments. The advantage of ICTs in education is that students can learn from extracurricular materials. ICTs develop higher-order thinking and reasoning skills. By integrating ICTs into education, students become more interested in learning, thanks to new technologies that make learning amusing and creative, improving learning in many ways. ICTs encourage collaboration when students work as a team and improve communication skills when students discuss and study together. In this paper, one proposes a new teaching-learning methodology based on ICTs. This methodology consists of the transmission in advance to the students of the course support to inform them about the topics to be addressed. At the time provided for the respective lecture, one will present to the students the course support using the video projector, and one will comment/analyze the content of the course, bringing clarifications and additions. This educational approach combines digital components on-line with face-to-face learning instruction. With the proposed methodology one can plan such courses to increase motivation, provide more feedback and help students learn on their own. ICTs help the teacher to present his teaching attractively.
Students’ Privacy vs. Improved Learning Experience
Students’ Privacy vs. Improved Learning Experience
(Students’ Privacy vs. Improved Learning Experience)
- Author(s):Marija Kuštelega, Renata Mekovec
- Language:English
- Subject(s):Social Sciences
- Page Range:365-372
- No. of Pages:8
- Keywords:Privacy compliance; Learning experience; Students’ privacy
- Summary/Abstract:Data-driven technologies have had a significant impact on every sector of the economy. The increased use of these technologies has boosted the volume and potential value of data for individuals, corporations, and society. Many universities also gather and analyze data about their students in order to improve the learning experience. In this study, the authors examine how well universities in Croatia uphold fundamental privacy principles. An attempt was made to link ISO/IEC 29100, the GDPR and the Data Act Proposal. Six major Croatian universities’ privacy compliance was examined using the multiple case study methodology. The major finding demonstrates that not all universities adhere to privacy standards to the same level, with non-compliance with the data reduction principle being particularly alarming. Because more personal information is released than is required, there is a greater chance that it may be linked to other personal information, endangering the student’s privacy.
The Cultural Identity of the Region as a Sign of Social Development
The Cultural Identity of the Region as a Sign of Social Development
(The Cultural Identity of the Region as a Sign of Social Development)
- Author(s):Lyubov Kirilova Ivanova
- Language:English
- Subject(s):Social Sciences
- Page Range:373-380
- No. of Pages:8
- Keywords:Cultural heritage; Cultural identity; Territorial identity; Social development
- Summary/Abstract:The concept of culture is developed based on many customs, values, traditions, religious characteristics, language and linguistic differences, artifacts, and laws, through the preservation and practice of which the knowledge is transmitted to the population of a given territory, which helps in their rapid adaptation to the local environment and preservation of the local heritage. Cultural heritage is a part of the history of a given territory or region and is a source of social cohesion for the people who inhabit it. In this way, it is a prerequisite for determining the sense of identity of the people, as well as a vitally important factor for the sustainable development of a given territory and its positioning as competitive with other regions. Cultural heritage is specific to each region and is a set of features related to the language, customs, manners, traditions, folklore diversity, natural features, and architectural-historical wealth, typical for a given community or group of people, which build their cultural identity. The preservation of cultural identity is an important mark for distinguishing and understanding the other, the foreign culture. On one hand, through the knowledge of the foreign identity, a collective image of the region is created, and on the other, it emphasizes its characteristics, according to which a given community can define itself and which emphasizes the differences in communication with other cultures and communities.
Unlocking Potential: A Deep Dive into the Funding Landscape of Agtech Start-Ups
Unlocking Potential: A Deep Dive into the Funding Landscape of Agtech Start-Ups
(Unlocking Potential: A Deep Dive into the Funding Landscape of Agtech Start-Ups)
- Author(s):Junada Sulillari
- Language:English
- Subject(s):Social Sciences
- Page Range:381-390
- No. of Pages:10
- Keywords:Agtech; Start-up; Venture capital
- Summary/Abstract:This research aimed to identify some critical developments related to the funding landscape in agtech start-ups. It is exploratory and interpretative research based on secondary information. We collected information from the venture capital industry, agricultural organizations, industry reports, and other relevant research. The research found that investments in the agtech sector have increased significantly in the last decade and venture capital plays a vital role in this. Some critical reasons for this are shifting consumer habits and needs, high capital requirements, the rise of impact investors, and having a greater variety of exit options for agtech start-ups. The Covid-19 pandemic transformed the fundraising environment for these start-ups. However, the nature of these start-ups renders them more stable in terms of access to funding, because of the existence of impact investors who are ready to balance between earning higher returns and investing in enterprises with social impact.
