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New Articles – Business Administration and Management


MODELLING INTERNATIONALIZATION OF HIGH GROWTH FIRMS: MICRO LEVEL APPROACH

Renata Korsakienė, Vratislav Kozak, Svajonė Bekešienė, Rasa Smaliukienė

High-g rowth firms (HGFs) make a significant impact on the development of countries’ economies and micro, or firm level, factors are vital in understanding this phenomenon. Indeed, HGFs are unique engine of national economies that contribute essentially to economic growth which is much sought after in internationally open economic environment. More specifically, HGFs internationalization is perceived as a source of productivity, export and employment growth in the country. Economic policies of countries, as a macro level stimulus, aim to provide impetus for HGFs development, however understanding micro level factors of HGFs creation, development and internationalization are the basis for macro level decisions. Studying and modelling of micro level factors not only provides an opportunity to understand the phenomenon of HGFs but also develops the basis for policy decisions especially in the field of business internationalization.
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CHANGE EQUATION EFFECTIVENESS: EMPIRICAL EVIDENCE FROM SOUTH-EAST EUROPE

Mladen Čudanov, Vesna Tornjanski, Ondrej Jaško

Today’s highly volatile business environment has initiated a wide variety of changes within organizations of all industries (Hurn, 2012). Change dynamics, in general, is likely to increase in organizational context due to: Digital and innovation disruption; Shifting social and demographic trends; Growing knowledge-based economy and knowledge workforce development; More sophisticated customer needs; and Global economic integration and liberalization. Regardless of its root-cause, it has been argued that change occurs in various shapes, forms and intensity (Jarrett, 2008). Accordingly, many authors recognize that key factor of an organization’s effectiveness lie in the ability to adapt to ever-present change, while successful change management became a pattern for organizational survival and long-term sustainability.
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COLLABORATION FOR INNOVATION IN SMALL CEE COUNTRIES

Viktor Prokop, Jan Stejskal, Oto Hudec

Firms are struggling to gain competitive advantage to resist the ever-increasing global market pressures. Many strategic management studies have identified several essential pillars of building firm’s strategy, often highlighting positive relationships between the use of human resources and the firm performance (Collins & Clark, 2003; Wright et al., 2005). Thus, human capital as the stock of productive knowledge and skills embodied in individuals is a crucial strategic production factor. Knowledge and human resource are intrinsically related concepts since it is people who can learn, generate, utilise and disseminate knowledge in collaborative networks. Knowledge is a primary input in the innovation process, and the ability to use knowledge is crucial in achieving high innovation performance and the strategic competitive advantage (Bock, Opsahl et al., 2012).
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ETHICS IN BUSINESS AND COMMUNICATION: COMMON GROUND OR INCOMMENSURABLE?

Tomas Kačerauskas

The discourse – conversation – surrounding ethics has its roots in the Socratic and Platonic tradition, which displaced that of the pre-Socratic philosophers such as Thales and Anaximander. Taking a rationalist approach, i.e. the inseparability of ethics from knowledge, Socrates and Plato entirely changed the landscape in terms of the epistemological discourse. Plato (2006) develops the idea of Socratic rationalistic ethics and considers good (alongside beauty) and justice as fundamental to reality. Aristotle (2011) holds that wise decisions are an indication of a virtuous way of life and a social order that is just. Unsurprisingly, in his view ethics is the common, indissoluble link between individual activity and social relations. Similarly, for Thomas Aquinas (1948-1949), ethics encompasses rules that govern our actions and virtues, both of which are milestones for the individual. Immanuel Kant (1997) stresses the rationalistic principle of ethics by appealing to practical reason, i.e. reason as a guide to practical activity.
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THE LEVEL OF ORGANIZATIONAL CULTURE AS A CONSTANT CHALLENGE FOR COMPANY MANAGEMENT – AN EMPIRICAL RESEARCH IN THE CZECH REPUBLIC AND POLAND

Marcela Sokolova, Vaclav Zubr, Anna Cierniak-Emerych, Szymon T. Dziuba

Due to the pressure of global competition, shortened product-life cycles and the increasing opportunity to imitate product designs or their elements, companies continuously focus on innovations as one of their main agenda in order to maintain their global or national competitiveness. Besides, these innovations are considered as an ultimate source of productivity improvement, the growth in sales volume, and the capability of a company in question to stay competitive on the global market (Liao, Hu, Chen, & Lin, 2015). Companies perceive the need to continuously adapt, develop, and innovate as an economic necessity that results from global market pressures. The enhancement of product design and quality, accessorial technological services, their accessibility and reliability are no longer only seen as a benefit but rather an ultimate condition for the sustainability of company competitiveness.
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