Position of tourism in global economy and its impact on GDP, employment and investments

The world has already undergone the globalization process in all segments of the economy. This paper addresses the issue of the ways in which globalization affects tourism as the industry and economic activity. Furthermore, tourism as an economic activity exerts a considerable impact on other activities. Therefore, we have to focus more on the extent and the way this influence is exerted. Also, tourism has an impact on the formation of the gross domestic product, as well as employment and investment. Tourism cannot develop without foreign direct investment, and this paper shows the position of tourism in relation to other activities concerning the number and value of green field investment

Application of information technology and e-business in optimizing the competitive advantages of small and medium-sized enterprises

In order to review and study the issues of competitiveness and optimization of business operations with the use of IT and e-business, the paper will study, analyze and elaborate on the several key criteria formulated in research questions. Exploration of these questions through desktop and empirical research examines in detail the role and impact of new technologies, especially information technology in optimizing the competitive advantages of small and medium-sized enterprises. Research eventually assesses the degree of optimization of technological inputs and outputs in the development of competitive capacity of SMEs and offers appropriate conclusions

Business of the Tourism Economy Enterprise in the Light of Socio- Economic Conditions

The aim of the research was to examine the correlation between the socioeconomic variables of employees (gender, age, level of education, monthly personal income of the respondents and monthly personal income of the respondent household, number of household members and number of household members who generate income) and opinion of respondents on the impact of activity assumed on their work and the work of other employees in their company, opinions on clients’ satisfaction with the work of their company, as well as opinions on the rational use of natural resources by their company. The survey involved a total of 188 respondents from 11 companies, of which 120 were male (63.8%) male and 68 female (36.2%) female. The T-test shows that respondents differ in terms of the kind of service they provide to clients and whether they meet their expectations. On the basis of the obtained results it is concluded that the linear combination of predictors used is shown to be significant for predicting all the dependent variables we have examined the opinion of the respondents

Financial position and credit rating of companies in circular economy in Serbia

The circular economy concept is increasingly gaining in importance. The world's most developed economies pay more and more attention to this concept. The European Union adopted a special document to affirm the concept. In Serbia, this concept is in its early stages, but is being practically (production) and institutionally actuated. This paper analyses a sample of six companies engaged in different production options in the area of circular economy. The aim of the paper is to analyse the perspective of a new concept in Serbian economy, through assessment of the financial position and credit rating of these companies by applying Altman's Zʼ and Z'- adjusted score model. The findings in the paper showed that the companies which had been subject to this analysis have such financial position and credit rating that make assessment of their future optimistic. In the light of that, there is a prospect for the development of circular economy concept in Serbia

Research of the influence of socio-economic conditions of work on results of business operations of hotel enterprises

The aim of the research is to examine the correlation between the socioeconomic variables of employees (gender, age, level of education, monthly personal income of respondents and monthly personal income of the respondent household, number of members in the household and number of household members who generate income) and opinion of the respondents on the influence of the activities of the presumed on their work and the work of other employees in their hotel, opinions on the satisfaction of dense services, and opinions on the rational use of natural resources by their hotel companies. A total of 205 respondents participated in the survey, out of which 17 questionnaires did not meet the criteria for further analysis, while 188 questionnaires were further analyzed, 120 of them (63.8%) male and 68 respondents (36.2%) female sex. The T-test shows that respondents have different opinions about the services provided to guests and whether they meet their expectations. Namely, men are more satisfied than women in terms of the opinion that guests are satisfied with their work. Also, the obtained results show that more educated men with higher personal monthly income consider that their hotel has a good image of guests, partners and the public, but other groups of respondents. On the basis of the obtained results, it is concluded that the linear combination of predictors used is shown to be significant for predicting all the dependent variables that were examined by the respondents' opinion

Analysis of the financial position of enterprises in privatization in the agricultural sector in Serbia

Privatization as a phase of the transitional process also included agriculture. The most attractive enterprises in agriculture, primarily in the food industry, were privatized in the first wave, while the process of privatization of other less attractive companies was slowed down and implemented mainly by the auction model. The remaining companies waiting for the privatization process are not attractive and there are problems that are expressed through poor financial position and relatively low potential. An exception is made by PKB Corporation, which has a potential and relatively stable market, making this company an acceptable option for investors. The financial position of the companies that are ready for privatization at this moment and which is one of the factors of negative influence on the decision of the investor was analyzed using the Altman Z'-score model, the Kralicek Quick test and the balanced growth model. All tests have shown that the analyzed companies are in a bad financial position and that the future investor will have to invest significant funds in financial consolidation, balancing cash flows and investment in order to ensure adequate development and efficient business

Konkurentnost ekonomije Republike Srpske u odnosu na ekonomije zemalja u tranziciji

Informatička ekonomija (IE) je odlika i karakteristika razvijenih ekonomija. Ova karakteristika je rezultat razvoja informatičkih i telekomunikacionih tehnologija i njihovih primena u ekonomskim aktivnostima. Za pojam informatička ekonomija u literaturi i istraživanja koristi se i termin nova ekonomija. Ovaj novi oblik ekonomije u odnosu na industrijsku ekonomiju (u literaturi se može sresti i termin stara ekonomija) za svoj razvoj podrazumeva i razvoj i promene određenih preduslova koji zadiru ne samo u ekonomsku sferu društvenog života. Činjenica je da informatička-nova ekonomija povećava konkurentnost ekonomije u meri u kojoj je i sama razvijena. Zato, je konkurentnost ekonomija jedan od najznačajnijih ciljeva primene informatičke-nove ekonomije ali istovremeno i šansa i mogućnost za dalji razvoj. U ovom radu sprovedeno je istraživanje konkurentnosti ekonomije Republike Srpske u odnosu na ekonomije zemalja u tranziciji, primenjujući globalni indeks konkurentnosti (Global Competitivenes Index) koji je baziran, za potrebe ovog rada na određenom broju komponenti, odnosno faktora konkurentnosti

Management control in modern organizations

This paper deals with management control as an important instrument for managing performances in modern organizations. The paper indicates to the circumstances in which classical theory of management control was created, and describes its process of functioning, with the specifics in large organizations. The aim is to point to some open questions and directions of further development of the management control, as well as to at least partially fill the gap that exists in the domestic literature. The conclusion is that the existing management control framework remains still valid. Open questions can be best resolved within the concept that observes this matter as a 'package' of different control systems, not just those that are oriented to accounting-based performance measures

Ekonomija Republike Srpske u globalnim ekonomskim procesima: nužnost ili izbor

Informatička ekonomija je relativno novi pojam i pojava koja je nastala 90-tih godina prošlog veka, ali koja je unela mnoge promene u ekonomske procese, posebno na globalnom nivou. Ovaj rad prezentuje pre svega novi termin koji se pojavio u kontekstu globalne i informatičke ekonomije a to je nova ekonomija. Ovaj termin je već postao opšteprihvaćeni termin u terminologiji izučavanja novih globalnih procesa u ekonomiji koji su bazirani na informatičkoj ekonomiji. Sadržaj termina nove ekonomije određuje one elemente i faktora uticaja na brži ekonomski razvoj na novim osnovama koji za sada pokazuje pun uspeh u zemljama razvijenih ekonomija. Međutim i zemlje ekonomija u razvoju takođe imaju svoju šansu da se u kontekstu novih promena prilagode novinama i na taj način na brži način dostignu viši stepen razvoja ekonomije što bi bio slučaj i sa ekonomijom Republike Srpske