Optimizing of the Balanced Scorecard method for management of mining companies with the use of factor analysis

The managers of information age companies cannot rely merely on data derived from past activities of the company and focus on improving existing processes. They need a frame for measuring values that result from strategic goals of the company, a tool, which is focusing on obtaining information about company's current success, as well as finding new driving forces to ensure the future competitiveness of the company. Strategic business performance measurement system the Balanced Scorecard (BSC) is a suitable tool for improving the competitiveness of industrial companies. During its implementation, however, there is a conflict of perception of the importance of individual goals and measurable characteristics in partial perspectives of the BSC and its actual enforcement of the various strategic objectives in companies. The aim of this article is to verify the accuracy of BSC settings in an environment of selected companies in the Moravian-Silesian region with the emphasis placed on mining companies with the help of multidimensional statistics - factor analysis. The research took place in 2015 in cooperation with managers from the Moravian-Silesian Region (MSR), and it was divided into two kinds of research - quantitative and qualitative.Web of Science22444743

From regional to national clouds: TV coverage in the Czech Republic

Media, and particularly TV media, have a great impact on the general public. In recent years, spatial patterns of information and the relevance of intangible geographies have become increasingly important. Gatekeeping plays a critical role in the selection of information that is transformed into media. Therefore, gatekeeping, through national media, also co-forms the generation of mental maps. In this paper, correspondence analysis (a statistical method) combined with cloud lines (a new visual analytics technique) is used to analyze how individual major regional events in one of the post-communist countries, the Czech Republic, penetrate into the media on a national scale. Although national news should minimize distortions about regions, this assumption has not been verified by our research. Impressions presented by the media of selected regions that were markedly influenced by one or several events in those regions demonstrate that gatekeepers, especially news reporters, functioned as a filter by selecting only a few specific, and in many cases, unusual events for dissemination.Web of Science1111art. no. e016552

Does political orientation affect economic indicators in the Czech Republic?

Abstract The article evaluates the relationship between the tax burden on labor and magic quadrangle indicators in the Czech Republic in the years 1993 through 2020. The article examines whether indicators such as the effective rate or tax rate on labor affect the macro-economic indicators of the magic quadrangle. The originality of this study lies in the fact that it deals with the influence of political factors. The analysis shows the strongest correlation between the growth of gross domestic product and the implicit tax rate on labor. Moreover, the study finds that the factor with the most significant - and surprising - bearing on the findings is that fact that right-wing Parliament behaved like left-wing parties. The conclusions reached by this study further underline the significance of the tax burden on labor on the selected magic quadrangle indicators.Web of Science4461231121

Možnosti využití metody Monte Carlo při tvorbě stochastických ekonomických modelů

The article describes using of exact methods and mathematical models at present economics. The results of the research focused on the usage of the exact methods both in the EU countries and in the Czech Republic are presented and the differenl results of the research are explained. The authors consider exact methods to be a tool how to gain a competitive advantage in the market. The example of using Monte Carlo simulation method for stochastic processes modeling is used to demonstrate this method to be relatiuely simple to utilize, especially if suitable computer software is available. A new university course named "Realization of numerical methods using computers" is also presented as an example of integrating these methods into educational programs at ecorwmic faculties

The productivity of main services of city libraries: Using the example from the Czech Republic and the Slovak Republic

The evaluation of productivity of main services of city libraries using the example of 48 large public libraries and 44 small public libraries from the Czech and the Slovak Republic was performed according to the decomposition of the input-oriented Malmquist index (MI). The results of MI achieved are evaluated using a confidence interval and the bootstrap method. The productivity of main services of public libraries was studied for the year 2016 in comparison with the year 2012. On average, small as well as large libraries exhibit a statistically significant decline in productivity. The average value of the MI of small libraries is 1.29. The average value of the MI of large libraries is 1.16. The deterioration of productivity was caused by lower efficiency of the inputs. The small as well as the large libraries on average exhibit a comparable level of productivity in both studied years. This conclusion is the same for the Czech and for the Slovak libraries as well as for all libraries together. The Czech libraries, when compared with the Slovak ones, achieve better results in terms of productivity. The higher productivity of the Czech libraries in comparison with the Slovak ones is caused by the improvement of efficiency of the inputs, not by the technological changes.Web of Science413art. no. 10096

Gaps in performance: benchmarking of the Czech and Slovak city libraries

Purpose - The purpose of this paper is to identify gaps in performance of city libraries from the Czech and from the Slovak Republic engaged in the project Benchmarking of Libraries. The subject of research consists of input and output performance variables of selected 51 city libraries for the period of 2011-2015 and their mutual dependence and influence. Design/methodology/approach - To analyse relationships among ten input and four output variables, the correlation and regression analyses were used. Regression analysis was focussed on four output variables numbers of physical visitors of libraries, numbers of loans, numbers of visitors using the internet in the library, and numbers of registered readers. Interpretation of results was supplemented with classification multidimensional analysis Chi-square automatic interaction detection. Findings - Findings reveal that besides others the significant gap in performance was represented by library additions, which means the renewal of library collections. Performance differences were also found between city libraries in the Czech Republic and those in the Slovak Republic. Research limitations/implications - This paper evaluates gaps in the performance on representative sample of city libraries. The number of population served among individual selected 51 libraries ranges between 15 and 35 thousand inhabitants. Analysed data are from years 2011-2015. Originality/value - The paper analyses, by using statistical methods, data that are generated within the benchmarking project. This methodology proves and reveals causalities among performance indicators of city libraries in an unconventional way.Web of Science384-527526