Factors Influencing Investments into Human Resources to Support Company Performance

Human resources are very important in a business; however, the return on investment in human resources is longer than in fixed assets, so entrepreneurs frequently consider how much to actually invest. This article, based on primary research, examines the motivations for investment when a 20% profit is typically invested with a model return of around 14%. Those findings are supported by the results presented in Archetype models based on similarity clustering. The results are based on an empirical study (278 respondents, omnibus survey) in the Czech Republic. Moreover, the study concludes that the business experience positively influences human resource management and future development to increase the investment share. In essence, this article displays the paramount importance of human resources and human resource management in the international business environment, demonstrating that investments in human resources are crucial to the success of all businesses, positively and consistently supporting organizations’ performance, and entrepreneurship will continue to remain a vital component of the activities belonging to the post COVID-19 era. In addition, in an era governed by the influences specific to the knowledge-based society and the knowledge-based economy, in which intellectual capital will be considered one of the most relevant intangible assets of entities all over the world, the measurement of human resources investment will turn out to be essential for the success of all businesses, while taking the necessary steps in supporting sustainability, sustainability assessment and Sustainable Development Goals (SDGs)

TESTIRANJE EFIKASNOSTI TRŽIŠTA: PUT KA ODREĐIVANJU SUŠTINSKE VREDNOSTI

The paradigm of market equilibrium and the “efficient-market hypothesis” tied to it, dealing specifically with the behavior of capital markets, has no explanation for financial bubbles and their bursting that is leading to stock market crashes. Accordingly, the main goal of this paper is to discuss the inefficiency of markets, with examples of corporate decisions that directly abuse such inefficiency to psychologically motivate desired behavior of potential customers. To test the efficiency market hypothesis, we have used Stoxx Europe 600 index historical closing daily prices, for the period from 2012–2022. Using both non-parametric and parametric tests, such as the Kolmogorov–Smirnov test, run–test for random order, and ARIMA regression, we reject the hypothesis that the market is efficient in a weak form because it doesn’t follow a random walk. Also, basic-level problems of economic theory were analyzed, emphasizing the view that perhaps the time has come to align the fundamentals of economic theory with basic concepts that have been used in practice for years.Paradigma tržišne ravnoteže i za nju vezana „hipoteza efikasnog tržišta“, koja se posebno bavi ponašanjem tržišta kapitala, nema objašnjenja za finansijske mehure i njihovo pucanje koje dovodi do kraha berze. Shodno tome, osnovni cilj ovog rada je da se diskutuje o neefikasnosti tržišta, uz primere korporativnih odluka koje direktno zloupotrebljavaju takvu neefikasnost da bi psihološki motivisale željeno ponašanje potencijalnih kupaca. Za testiranje hipoteze efikasnosti tržišta koristili smo Stoxx Europe 600 indeks istorijskih dnevnih cena akcija u periodu od 2012–2022. Koristeći neparametarske i parametarske testove, kao što su Kolmogorov–Smirnov test, run–test i ARIMA regresija, odbacujemo hipotezu da je tržište efikasno u slabom obliku jer ne prati slučajni hod. Takođe, u radu su analizirani i osnovni problemi ekonomske teorije, naglašavajući stav da je možda došlo vreme da se fundamenti ekonomske teorije usklade sa osnovnim konceptima koji se godinama koriste u praksi

Competency models in business students and business owners: a cross-national case study of Czechia and Romania

Purpose – The main goal is to compare and contrast the expectations of millennials, which skills will be needed for business in contrast to the entrepreneurial experience of the focus group of eight successful entrepreneurs from each country. Research methodology – A cross-national case study is made, based on two focus groups per country (80 business students and eight entrepreneurs from the Czech Republic and Romania), qualitative research findings are presented. Findings – Two competency models were evaluated, when the Romanian model is mostly motivation-oriented and the Czech model is performance-oriented. Research limitations – Future studies should use an extended research sample and compare various methods for teaching entrepreneurship to students from different study areas and compare the impact of education on their mind-set before and after business courses finish. Practical implications – The development of competency models in cooperation with experienced entrepreneurs would have the potential to increase students’ willingness to start up and prepare tailored business education. Possibility to create own generic models. Originality/Value – The originality could be seen in comparison of two focus groups – students and entrepreneurs – which have not been done before from a conflict comparison point of view