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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

CZECH WINE CONSUMERS: MATURING WITH AGE?

John R. Anchor, Tereza Lacinová

Wine is a complex beverage which varies in taste, in categories and in quality measures. These factors may infl uence consumers’ preferences. The most important factor is probably taste, although consumers usually cannot taste wine before a purchase and so other factors are important in the decision making process.
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EFFECTIVENESS OF THE MONETARY POLICY IMPLEMENTATION IN THE CONTEXT OF CRISIS: USE OF SHORT-TERM INTEREST RATE IN THE CZECH REPUBLIC AND THE EMU

Ľudmila Bartóková, Júlia Ďurčová

The recent economic crisis and the events that followed, namely the debt crisis, pointed to a number of issues of European Economic and monetary union (EMU), such as particularly persistent asymmetries and differences in development. Due to the high interconnectedness of member countries’ economies, it is no longer possible to perceive the problems of one country as isolated, since the negative effects are spread throughout the EMU.
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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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A COMPARISON OF LOCATION FACTORS EVALUATION IN THE SECONDARY AND TERTIARY SECTORS

Eliška Jirásková

Assessment of location factors cannot be considered stable either from the point of view of time, or that of particular economic sectors. However, it is possible to define economic sectors which can be considered as demanding a large amount of space in terms of location factors and economic sectors which are spatially neutral.
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CURRENT AND FUTURE USE OF MANAGEMENT TOOLS

Zlatko Nedelko, Vojko Potocan, Marina Dabić

A plethora of management ideas and concepts have been developed in management literature over decades. But those management ideas and concepts are in the literature rarely discussed on the level of their use as a management tool. It is evident that developed ideas and concepts (consequently also tools) are in literature mainly dealt with separately, for the most part as a single tool, while some studies consider few tools jointly due to their interrelatedness.
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