Elif Baykal, Cemal Zehir
The challenging work environment of the 21st century has resulted in a great deal of global, societal and organizational change (Fry, 2003). We are experiencing a global crisis of confidence that has spread among many people and organizations (Parameshwar, 2005). Corporate fraud (Schroth & Elliot, 2002), negativity stemming from the downsizing of companies, anxieties resulting from emerging technologies (Giacalone & Jurkiewicz, 2003), and the financial crisis have affected the way employers see their organizations and leaders. Congruent with that reality, organizations have started to give more importance to positivity and developing strong characteristics of employees, rather than focusing on negativity and weaknesses (Avey, Luthans, & Jensen, 2009). Similarly, academics and organizational behaviour experts started to focus on positivity and positive sides of organizational life. This change in mentality brought about the need for a more holistic leadership style that can integrate minds and souls of people: namely, spiritual leadership.
Jarosław Michał Nazarczuk, Stanisław Umiński
The establishment of Special Economic Zones (SEZ), and other types of privileged areas, is a common policy approach adopted by countries in order to attract domestic and foreign capital, increase exports or employment, increase trade openness or facilitate minor economic transitions within the country. By setting a preferential business climate, with lower taxes and tariffs made available in a restricted territory, governments promote investment inflow and encourage flourishing businesses to grow and cluster within zones, thus generating positive spill-over effects to the neighbouring areas.
Stanislav Szabo, Bohuslava Mihalčová, Peter Gallo, Marianna Ivaničková
Research of the issue of evaluating the efficiency in specialized hospital facilities in Slovakia is all important and up to date with the following reasons leading the way. The first one is based on the finding that the number of newborns in Slovakia suffering from congenital heart diseases has increased over the recent years, and in the period between 2002 and 2012 annually 451 children at an average are born with this congenital disorder. The incidence of live-born children suffering from congenital heart disease has been steadily increasing since 2009. The second reason is in that the diseases of the circulatory system are rated among the most frequent cause of hospitalization and mortality in Slovakia, as confirmed by the International Classification of Diseases or the ICD (the international equivalent of the Slovak MKCH-10).
Jozef Bucko, Lukáš Kakalejčík
Website usability and user experience are key measures of website quality (Sivaji & Tzuaan, 2012) and a key component of the websites that are commercially successful (Lowry et al., 2006). For today’s users, there are so many options in the environment of the Internet that each misstep in meeting user’s expectations might result in loss of the potential customer (Kakalejčík, 2016). Krug (2014) consider the usable website to be a place where a person of average (or even below average) ability and experience can figure out how to use the website in order to accomplish something without it being more difficult than is the value obtained by using it. The usable website has several attributes. It is useful, learnable, memorable, effective, efficient, desirable and delightful. Moreover, Aziz, Kamaludin, and Sulaiman (2013) add satisfaction and accessibility as additional features. Casaló, Flavián, and Guinalíu (2008) claim that perceived usability is an indirect factor that affects customer loyalty and positive word-of-mouth through satisfaction.
Ivana Kraftová, Iveta Doudová, Radim Miláček
In July 2014, the German agency GTAI (Germany Trade & Invest) released a comprehensive document named Industry 4.0 with a subtitle, Smart Manufacturing for the Future, identifying Germany as a potential global leader in digital economy development based on the definition of Industry 4.0. (MacDougall, 2014) When the elements of electronics and information technology in industrial processes were used in the late 1960s, the imaginary door opened to the start of the industrial revolution, the fourth in row.
Emil Vacík, Miroslav Špaček, Jiří Fotr, Lukáš Kracík
Project Portfolio Management (PPM) deals with the coordination and control of multiple projects that pursue the same strategic goals and compete for the same resources, whereby managers prioritize among projects to achieve strategic benefits. PPM deals with simultaneously managing multiple projects and includes defining values, specifying priorities, solving conflicts between projects as well as defining organizational structure and the rules of its functions (Spradlin & Kutoloski, 1999). To provide maximum value to the organization, the portfolio must contain a balance of project types and risk levels as well as limit the number of projects to ensure that all projects can be resourced effectively (Killen, Hunt, & Kleinschmidt, 2008). According to numerous studies, project portfolio management is currently applied in the practice of nearly all modern enterprises (Miguel, 2006).
Martin Boďa, Emília Zimková
Several factors may be earmarked as vital to smooth and successful working of a developed economy; and one of these factors is the financial system, which provides valuable services to the economy and its stability is always deemed imperative to the stability of the entire economy (e.g. Beck et al., 2014, p. 1-2). This laudatory statement is by no manner diminished by the fact that there is – at it happens – a scattered mosaic of opposing opinions to what extent a sound financial system is actually important to economic growth (Levine, 1997; Thiel, 2001). The key function of the financial system in an economy is “to channel savings to investment” (Thiel, 2001, p. 7), or – putting it differently – to connect agents with surplus funds to those who are in deficit, which are merely two different ways to describe the essence of financial intermediation. The definition is suggestive that financial intermediation should be assessed by comparing how surplus funds are matched against deficit needs.
Miroslava Knapková, Alena Kaščáková
Households represent one of the economic subjects entering to the market mechanism. The microeconomic theory focuses on households mostly as units of consumption, savings, partly as production units. Households participate on the side of the supply as well as on the side of the demand (Samuelson & Nordhaus, 2013; Mankiw, 1999). Households´ specific status on the supply side arises from the fact that households offer their ability to work at the labour market. When considering households on the demand side, mostly demand for goods and services that satisfied households´ needs must be included.
Blanka Klímová, Petra Poulová, Ivana Šimonová, Pavel Pražák, Anna Cierniak-Emerych
The problem of the developed countries is the aging of the population. Developing countries, for the time being, do not experience it so urgently yet due to the lower average age of the population, but their standard of living is also beginning to improve. In 2000, the percentage of older individuals aged 65+ years reached 12.4%. In 2030, this number should rise to 19% and in 2050 to 22% (Transgenerational, 2009). In Europe this population group aged 65+ represent 18% of the 503 million Europeans, which should almost double by 2060 (Patterson, 2006). This trend of aging population causes additional problems such as increased costs on the treatment and care of those elderly people (Maresova et al., 2015a; 2015b). Therefore, there is ongoing effort to extend the active life of this group of people in order to allow them to stay economically and socially independent. And current technological devices and services can assist them in this process.
Yaghob Gholipour, Hamidreza Hasheminasab, Mohammad Kharrazi, Justas Streimikis
There is convincing evidence to suggest that understanding the fundamental needs of human beings is essential if we are to develop strategies to transition society towards more sustainable forms of development (Hall, 2006). Besides, human needs satisfaction is likely to “make fewer demands on our environmental resources, but much greater demands on our moral resources” (Brown, 1982). As such, it is a moral obligation for governments, societies, industries, and individuals, to help fulfill human needs by enhancing health, safety, economy, and society, while preserving the environmental assets such as biodiversity and natural resources; i.e. to realize sustainable development.