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Important announcement.

References to literature - from 2016 the journal changes citation style to APA that uses for author's identification name and year of publication (e.g. Novák, 2014; Sixta & Žižka, 2009).

You may find details at http://www.library.cornell.edu/resrch/citmanage/apa. It is also possible to use citation generator at http://www.library.cornell.edu/resrch/citmanage/apa.

Choice of articles of current issue

THE INFLUENCE OF ORGANIZATIONAL VALUES ON COMPETENCIES OF MANAGERS

Mitja Gorenak, Marko Ferjan

Understanding the meaning of organizational values and their infl uence on employee performance is becoming more and more important. Several psychologists, have been researching values for decades, both at individual and at organizational level. There is also a view of organizational values that argues that just as any human community has its own value system the same is true for any organization.
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APPLICATION OF THE COMPETENCY-BASED APPROACH IN ORGANISATIONS IN THE CZECH REPUBLIC

Martina Fejfarová, Hana Urbancová

A competency-based approach is one of the important tools of human resource management aimed at achieving strategic organisational goals. In compliance with a resource-based approach to achieve a competitive advantage, it is necessary for organisations to identify, evaluate and develop key employee’s competencies in order to achieve a competitive advantage.
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RECENT TRENDS IN THE STUDY OF MERGERS AND ACQUISITIONS

Sorin Adrian Achim

In the present globalized world, investments play a key role. But the international fi nancial crisis has affected both the course of these fl ows and their intensity. Investors have reconsidered their positions and strategies on the market. There are more options for investors to place their money and to develop. Out of these options, an important part of the investment fl ows happens through mergers and acquisitions.
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DETERMINANTS OF THE EUROPEAN UNION’S TRADE – EVIDENCE FROM A PANEL ESTIMATION OF THE GRAVITY MODEL

Michał Bernard Pietrzak, Justyna Łapińska

In the world’s economy the last two decades have been a period of development of regional integration groups. A number of new groups came into being and the already existing ones followed the path of deepening the integration process.
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THE BUSINESS ENVIRONMENT OF SMALL AND MEDIUM-SIZED ENTERPRISES IN SELECTED REGIONS OF THE CZECH REPUBLIC AND SLOVAKIA

Jaroslav Belás, Valér Demjan, Jozef Habánik, Mária Hudáková, Juraj Sipko

The business environment of small and mediumsized enterprises (SMEs) is a current area of theoretical research and practical applications in the European Union. The fi nancial crisis and the gradual recovery of the economies in the European Economic Area brought about a deterioration of the business environment.
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