Factors impacting the commercial potential of technologies: expert approach

In order to ensure the harmonious activity of the institutions engaged in R&D and to reduce the uncertainty of the commercialization of technologies, an advanced tool for verifying decisions on technology development at early stages of commercialization, i.e. an instrument for assessing the commercial potential of technology, is needed. The article is aimed at defining the importance of factors in the commercial potential of technologies with the help of expert research. To achieve the goal, the following tasks have been approached: (1) on the basis of the created system for factors in the commercial potential of technologies, to conduct expert research aimed at collecting information on the importance of factors in technologies; (2) to apply the methods of mathematical statistics in order to determine the compatibility level of expert opinions and the significance of factors. The system of factors in the commercial potential of technologies and the identified significance of factors can be used as recommended guidelines for technology developers, investors and potential owners in the decision-making processes of commercialization, investment or purchase of technology as well as at the next stage of research on the development model for assessing the commercial potential of technologies

Overconfidence, risk aversion and individual financial decisions in experimental asset markets

Prior experiments revealed that investors’ overconfidence can result in excessive trade and negative wealth effects. However, in most of these studies, informational asymmetries were part of the experimental design, and therefore no clear conclusion on whether the obtained results were driven by overconfidence or informational asymmetries could be made. The article addresses this issue by analysing individual financial decisions based on the study of Michailova and Schmidt, who ran an asset markets experiment with no informational asymmetries. Additionally, the study controls for differences in individual risk aversion. The data revealed that, in this setting, individual trading activity and performance were influenced by overconfidence only for female participants. Mistakes in future price forecasting, which were negatively correlated with overconfidence, partially accounted for this result. Risk aversion was uncorrelated wi

Ryšių su klientais valdymas nekilnojamojo turto sektoriaus įmonėse: privalumų ir ribojančių veiksnių tyrimas

Globalizacija, intensyvi konkurencija ir kintanti vartotojų paklausa skatina įmones ieškoti būdų, leidžiančių joms išlikti konkurencingomis rinkoje. Todėl ryšių su klientais valdymas tampa aktualus šiandienos verslo įmonėms. Straipsnyje analizuojami ryšių su klientais valdymo diegimo privalumai ir ribojantys veiksniai nekilnojamojo turto sektoriaus įmonėse. Straipsnio pabaigoje pateikiami apibendrinti tyrimo rezultatai ir išvados

The impact of transport on the competitiveness of national economy

Transport has always been and remained one of the main driving forces in the economical development of any country including Lithuania. The paper assesses a positive impact of transport on Lithuanian economy in the light of the analysis of the main indicators measuring the success of the transport sector: the share of transport and warehousing sectors to national GDP (%) and the share of the export of transport services in GDP (%). It is also widely acknowledged that transport is going to play a crucial role in economic development in the future, especially in transit‐related transport like the Baltic States. On the other hand, the growth of transport, particularly in road transport, has had a significant impact on congestion, safety and pollution. Therefore, the task of transport decision makers is to find the key for sustainable transport development and reduction of a negative transport impact to sustain the transport sector as the engine of economy. The paper analyses both the positive and negative impacts of transport on economy and evaluates the possible ways developing the sustainable transport system. First published online: 27 Oct 201

Analysis of the current logistics and transport challenges in the context of the changing environment

The rapidly changing world determines changes in the business processes. Logistics and transport are the areas facing constant changes. Therefore, an important point is to analyse the current problems of logistics and transport within the context of the changing environment. For many years, the experts of the Dept of Logistics and Transport Management of the Faculty of Transport Engineering from Vilnius Gediminas Technical University have been pursuing research both, in the Baltic Sea Region (BSR) in Lithuania and foreign countries. This research has been directed toward improvements to logistics and the entire supply chain in pursuit of economic, social and ecological competitiveness, an increase in the competitiveness and attractiveness of the transport system in the context of sustainable development, the impact of this system on the economic and social welfare of society, an increase in the competitiveness and attractiveness of the transport sector of improving the legal framework and the application of innovative technologies (including IT) in the transport sector aimed at implementing economic and social cohesion goals. The article deals with some of the key issues of the above introduced research

Secure and sustainable development: Lithuania’s new role in taking the presidency of the EU

The presented paper aims to discuss new Lithuania’s in role taking presidency of the EU and to evaluate Lithuania’s development process. State of Lithuanian economy is being presented; aims of further development are identified. The context of other European countries is being taken into account. Authors rely on critical analysis of contemporary scientific literature and comparative statistics. Among driving forces affecting process of economic development investments of foreign origin and increasing level of education are being distinguished. Insights considering a role of the latter driving forces are being offered

Secure and sustainable development: Lithuania’s new role in taking the presidency of the EU

The presented paper aims to discuss new Lithuania’s in role taking presidency of the EU and to evaluate Lithuania’s development process. State of Lithuanian economy is being presented; aims of further development are identified. The context of other European countries is being taken into account. Authors rely on critical analysis of contemporary scientific literature and comparative statistics. Among driving forces affecting process of economic development investments of foreign origin and increasing level of education are being distinguished.. Insights considering a role of the latter driving forces are being offered

Customer relationship management in real estate companies: the research of advantages and restrictive factors

The  processes  of  globalization,  intense  competition  and  changing  demand  of  customers  motivate  companies  to  seek ways which allow them to remain competitive in the market. Therefore customer relationship management has become the topical issue of today’s business companies. The paper analyses advantages and the factors which restrict customer relationship management in real estate companies. At the end of the paper the results of the survey are summarized and the conclusions presented. Article in Lithuanian. Ryšių su klientais valdymas nekilnojamojo turto sektoriaus įmonėse: privalumų ir ribojančių veiksnių tyrimas Santrauka. Globalizacija, intensyvi konkurencija ir kintanti vartotojų paklausa skatina įmones ieškoti būdų, leidžiančių joms išlikti konkurencingomis rinkoje. Todėl ryšių su klientais valdymas tampa aktualus šiandienos verslo įmonėms. Straipsnyje analizuojami ryšių su klientais valdymo diegimo privalumai ir ribojantys veiksniai nekilnojamojo turto sektoriaus įmonėse. Straipsnio pabaigoje pateikiami apibendrinti tyrimo rezultatai ir išvados. Reikšminiai žodžiai: ryšių su klientais valdymas, ribojantys veiksniai, sėkmės veiksniai, nekilnojamojo turto įmonės. First published online: 19 Sep 200