Rastislav Rajnoha, Petra Lesníková, Vladimír Krajčík
The examination of the measuring corporate performance issues is dedicated to many authors from different points of view: the relationship of the strategy and strategic orientation to the business performance (Morgan & Strong, 2003); the view of a strategic measurement performance system through strategic agenda and decision-making as a result of the process of (re)formulating strategy (Bisbe & Malagueño, 2012); the effect of strategic measurement performance system on the important attributes of the strategy formulating process (Gimbert et al., 2010); the effect of strategic performance measurement system of human resources and corporate results (Bento & White, 2014); the use of the process performance measurement (Tuček et al., 2013); the relations among customer satisfaction, customer loyalty and ﬁnancial performance of a commercial bank (Belás & Gabčová, 2016); the methodology for prediction and detection of the ways of solving demanding situations in managerial work, with obvious implications in performance of managers and in efﬁciency of business performance management (Lajčin, Frankovský, & Štefko, 2012); the model of acquisition activity in ﬁnancial sector (Korauš et al., 2015); performance management and public corporate governance with regard to relationships with both external (stakeholders) and internal (politicians and management) actors (Romolini et al., 2015).
Anuţa Buiga, Roxana Stegerean, Alexandru Chiş, Dorina Lazăr
During the last decades, the tourism industry from Central and Eastern European countries has gained an increasing importance. Because of the diversity of businesses and activities inside this sector, the tourism can be considered an effective engine for emerging sectors and for economy. Furthermore, due to its diverse, beautiful nature and valuable historical and cultural inheritance we consider that the tourism sector has growth potential, high efﬁciency and thus, opportunities for signiﬁcant contributions both to national GDP and added value.
Marianna Sinicakova, Veronika Sulikova, Beata Gavurova
In the 1980´s the US economy was marked by until then rather unusual external and internal deﬁcits. Similar situation gradually appeared in other countries. During last decade it was analysed in the case of so called PIIGS countries (Portugal, Ireland, Italy, Greece, and Spain) in the European Union. This co-movement draws interest of many researchers. Generally it is believed that internal deﬁcit (ﬁscal budget deﬁcit) causes external one (external balance deﬁcit). External balance deﬁcit is usually measured via trade or current account deﬁcit. This phenomenon is called „twin deﬁcit“. Twin deﬁcit problem can be perceived as a vicious circle. High budget deﬁcit generates important current account deﬁcit and this in turn leads to higher budget deﬁcit. Therefore twin deﬁcit threat should be in the centre of attention of policy makers.
Carlos del Castillo-Peces, Carmelo Mercado-Idoeta, Camilo Prado-Román
The aerospace sector is one of the most important in global economy. The invoicing of the ﬁrst 100 aerospace companies worldwide was in 2011 665,970 million dollars, which represents 5% of the world’s gross domestic product (PwC, 2012). In Spain, this sector is equally important, since according to the data of the year 2011 (DBK, 2012), it represents the ﬁfth industry of the sector in the European Union, both due to the employment level (40,200 employees) and the annual invoicing (6,715 million euros, which represent approximately 6% of Europe’s total invoicing). Aerospace sector is clearly exports-oriented, since nearly 75% of its total invoiced in the year arises from exporting.
Mehdi Keshavarz Ghorabaee, Maghsoud Amiri, Edmundas Kazimieras Zavadskas, Zenonas Turskis
Multi-criteria decision-making (MCDM), which is a sub-discipline of operations research (OR), includes many methods and problems, which are related to many ﬁelds such as economy, engineering, military and management (Zavadskas et al., 2014; Lazauskas et al., 2015; Tošenovský, 2015). There are different classiﬁcations of MCDM problems and methods. We can classify them as multi-criteria evaluation problems and multi-criteria design problems (Chakraborty et al., 2015; Triantaphyllou, 2013).