scholarly journals The behaviour of entrepreneurs before and during the crisis with an emphasis on the company’s internal financial resources

2021 ◽  
Vol 129 ◽  
pp. 01024
Author(s):  
Pavla Pokorná
Keyword(s):  
Czech Republic ◽  
Value Added ◽  
Financial Resources ◽  
Decision Making Process ◽  
Internal Environment ◽  
The Czech Republic ◽  
External Resources ◽  
Full Wave ◽  
Complex Decision Making ◽  
Complex Decision

Research background: To conduct the research, we used data from two surveys conducted in the Czech Republic before the outbreak of the Covid crisis and after the full wave of the crisis. The research focused on the behaviour of entrepreneurs in the field of finance and planning. Statistical methods for data processing suitable for obtaining relevant results were used. Purpose of the article: The paper aims to map the behaviour of entrepreneurs in relation to their business. During business, the entrepreneur decides on the direction of the company and its relationship to the external and the internal environment, which forms the overall image of the company. Drawing on internal and external resources is a very complex decision-making process and is a key element for many companies and entrepreneurs during the Covid 19 pandemic, either in the development of the company or in its existence as such. Methods: The research was conducted in two periods, before the emergence of the COVID - 19 virus, i.e., in the autumn of 2018 and after the first wave of the covid crisis (autumn 2020). They were attended by 488 respondents from all over the Czech Republic. Correlation and square tests were used to evaluate the results. For some statements, a change was demonstrated for some, the hiding of respondents did not change. Finally, research was carried out on reinvestment activities in the addressed companies. Findings & Value added: The results suggest that certain behaviours of entrepreneurs have changed, but there are aspects where the change has occurred but is not statistically significant. All aspects create an overall picture of the behaviour of entrepreneurs, which must be quickly adjusted to the current situation, because without constant adaptation to the environment, the company will not have a long life.

Partner Selection Across the Life-Course: Age Variation in Partner Preferences in the Czech Republic

2021 ◽  
pp. 136078042199237
Author(s):  
Jana Klímová Chaloupková ◽  
Renáta Topinková ◽  
Markéta Šetinová
Keyword(s):  
Czech Republic ◽  
Older Women ◽  
Age Groups ◽  
Financial Resources ◽  
Younger Adults ◽  
The Czech Republic ◽  
Men And Women ◽  
Partner Preferences ◽  
Age Variation ◽  
The Life Course

The proportion of people seeking a partner later in life has increased in recent decades. However, studies exploring age variation in partner preferences are quite rare. We aim to fill this gap by examining the partner preferences for household care skills, financial resources, and education of unpartnered individuals aged 19–65 years ( n = 1145) who participated in speed-dating events in the Czech Republic. We hypothesized that the importance of these characteristics varies with age, and that this variance may differ for men and women. The results show that gender differences concerning these characteristics are mostly stable across age groups. The exception is the importance of household care skills, which increases for older men and decreases for older women. We found that older adults value financial resources more than younger adults, and that this increase is true for women and men. Finally, we did not find evidence that the importance of education differs with age.

scholarly journals Analysis of the development of the economic account for agriculture of the Czech Republic

2012 ◽  
Vol 52 (No. 5) ◽  
pp. 205-208
Author(s):  
J. Klíma ◽  
M. Palát Sn
Keyword(s):  
Czech Republic ◽  
Statistical Analysis ◽  
Value Added ◽  
Plant Production ◽  
Reference Period ◽  
The Czech Republic ◽  
Agricultural Industry ◽  
Increasing Trend ◽  
Production Output ◽  
Net Value Added

The paper is focused on assessing the development of the economic account for agriculture of the Czech Republic in the selected reference period 1998–2003. There were evaluated effects of the particular types of the economic accounts. Methods of regression and correlation analysis and development trends were used for the mathematical-statistical analysis. The plant production output similarly as the output of agricultural industry show an increasing tendency since the period under investigation reaching a peak about 2001 and in next years decreasing in difference to the gross value added at basic prices and the net value added at basic prices which shows an increasing trend throughout the period. Both animal output and the agricultural services output show a decreasing trend reaching a minimum about 2002. 

scholarly journals Assessment of the Readiness and Resilience of Czech Society against Water-Related Crises

Hydrology ◽  
2021 ◽  
Vol 8 (1) ◽  
pp. 14
Author(s):  
Štěpán Kavan ◽  
Šárka Kročová ◽  
Jiří Pokorný
Keyword(s):  
Czech Republic ◽  
Swot Analysis ◽  
Multicriteria Analysis ◽  
Interdisciplinary Approach ◽  
Comparison Method ◽  
Internal Environment ◽  
The Czech Republic ◽  
Triangle Method ◽  
Czech Society ◽  
The Individual

This assessment of societal readiness and resilience to water-related situations in the Czech Republic focuses on an interdisciplinary approach in the Czech Republic for solving this problem. The goal of the article is to evaluate and characterize the preparedness for handling water-related crises. The analysis is carried out via a SWOT analysis, which is a universal analytical method used to understand and interpret strengths and weaknesses and to identify opportunities and threats. For the calculation of the weight factor of the SWOT analysis, an assessment was determined based on the multicriteria analysis. The pair comparison method was used to determine the relative importance of the parameters of the strengths and weaknesses, opportunities and threats. The Fuller Triangle method was chosen for the system used to make the comparisons of the individual criteria. The uniqueness of the study consists of the issue of water management, which is thus reflected from a non-traditional perspective, being a contemporary model—the paradigm of the view on the preparedness of the planning documentation as one of the characteristics of societal resilience for water-related crises. The result of the research is the fact that a positive approach prevails in the researched area from the perspective of preparedness for water-related crises. For the creation of the conditions, the factors arising from the internal environment currently prevail slightly over those arising from the external environment.

scholarly journals A Modern Industrial Policy for the Czech Republic: Optimizing the Structure of Production

Mathematics ◽  
2021 ◽  
Vol 9 (23) ◽  
pp. 3095
Author(s):  
Maria Markaki ◽  
Stelios Papadakis ◽  
Anna Putnová
Keyword(s):  
Czech Republic ◽  
Industrial Policy ◽  
Motor Vehicle ◽  
Value Added ◽  
Electrical Equipment ◽  
Pharmaceutical Products ◽  
Global Market ◽  
Output Analysis ◽  
The Czech Republic ◽  
Restructuring Process

The decreased demand for new vehicles will put pressure on the economy of the Czech Republic, a country deeply integrated into global value chains, as part of global vehicle production. The aim of this research was to define an appropriate industrial policy for the Czech Republic that will ensure that the country maintains its competitive position in the global market. A constrained optimization model was built, based on input–output analysis, to determine the optimal value-added structure and the intersectoral structure of the Czech economy for the country to retain its exporting character. The optimization problem was solved by using a particle swarm optimization algorithm. The results suggest that the optimal industrial policy plan for the country is the structural transformation of production, mainly targeting the development of technologically advanced sectors of manufacturing (such as: chemicals and chemical products; basic pharmaceutical products; computer, electronic, and optical products; electrical equipment; and machinery and equipment). The suggested restructuring process increased the domestic value-added in gross exports as a share of total exports by 6.77%, creating optimal production capabilities for the economy. The Czech Republic appears to have the potential for the implementation of an industrial policy, avoiding the increasingly vulnerable motor-vehicle sector.

scholarly journals Bioeconomy in the National Forest Strategy: A Comparison Study in Germany and the Czech Republic

Forests ◽  
2020 ◽  
Vol 11 (6) ◽  
pp. 608 ◽  
Author(s):  
Ratna Chrismiari Purwestri ◽  
Miroslav Hájek ◽  
Miroslava Šodková ◽  
Mathy Sane ◽  
Jan Kašpar
Keyword(s):  
Czech Republic ◽  
Rural Areas ◽  
Forest Policy ◽  
Forest Biomass ◽  
Value Added ◽  
Adoption Process ◽  
National Forest ◽  
Comparison Study ◽  
The Czech Republic ◽  
European Forest

Background and Objectives: Forest-based bioeconomies have been adopted as the national forest strategies in many European countries. However, in the Czech Republic, the bioeconomy has not been officially included in national policies. The main objective of the paper was to review the current forest policy in the Czech Republic in meeting the purposes of the European forest-based bioeconomy. To better understand the opportunities and shortcomings of the forest strategy and the implementation of a forest-based bioeconomy in the country, a comparison study in the Czech Republic and Germany was also carried out. Methods: A review of the forest strategies was done based on the following research questions: (1) How are the bioeconomy principles and priorities present in the Czech National Forest Programme (NFP) as reflected in the EU Forest Strategy, and how does the Czech forest strategy compare to that in Germany? (2) What is the situation concerning the national wood production and consumption to understand the opportunities and challenges of the bioeconomy implementation in the studied countries? Results: The Czech NFP was approved following the pan-European process for the protection of forests in Europe; therefore, it does not directly reflect the 2012 bioeconomy principles, although most of these approaches have been included in this strategy. Different national measures in two studied countries were revealed to achieve the objectives of the forest bioeconomy. The primary contribution from the Czech forestry to the bioeconomy is sustainable forest-based products. A forest bioeconomy is also targeted at mitigating climate change by providing forest biomass for bioenergy. Conclusions: The Czech Republic is in the midst of the adoption process of the bioeconomy strategy. The main challenges faced by the forest-based sector in the country is to fulfil the demand for sustainable forest biomass and high value-added products. Multisectoral collaboration, business diversification, and education for public consumers are needed to increase the growth and job opportunities of the bioeconomy sector in rural areas.

A case-based reasoning system for fault detection and isolation: a case study on complex gearboxes

2019 ◽  
Vol 25 (2) ◽  
pp. 213-235 ◽  
Author(s):  
Soumava Boral ◽  
Sanjay Kumar Chaturvedi ◽  
V.N.A. Naikan
Keyword(s):  
Decision Making ◽  
Fault Detection ◽  
Large Scale ◽  
Fault Detection And Isolation ◽  
Decision Making Process ◽  
Case Based Reasoning ◽  
Content Type ◽  
Complex Decision Making ◽  
Complex Decision ◽  
Case Based

Purpose Usually, the machinery in process plants is exposed to harsh and uncontrolled environmental conditions. Even after taking different types of preventive measures to detect and isolate the faults at the earliest possible opportunity becomes a complex decision-making process that often requires experts’ opinions and judicious decisions. The purpose of this paper is to propose a framework to detect, isolate and to suggest appropriate maintenance tasks for large-scale complex machinery (i.e. gearboxes of steel processing plant) in a simplified and structured manner by utilizing the prior fault histories available with the organization in conjunction with case-based reasoning (CBR) approach. It is also demonstrated that the proposed framework can easily be implemented by using today’s graphical user interface enabled tools such as Microsoft Visual Basic and similar. Design/methodology/approach CBR, an amalgamated domain of artificial intelligence and human cognitive process, has been applied to carry out the task of fault detection and isolation (FDI). Findings The equipment failure history and actions taken along with the pertinent health indicators are sufficient to detect and isolate the existing fault(s) and to suggest proper maintenance actions to minimize associated losses. The complex decision-making process of maintaining such equipment can exploit the principle of CBR and overcome the limitations of the techniques such as artificial neural networks and expert systems. The proposed CBR-based framework is able to provide inference with minimum or even with some missing information to take appropriate actions. This proposed framework would alleviate from the frequent requirement of expert’s interventions and in-depth knowledge of various analysis techniques expected to be known to process engineers. Originality/value The CBR approach has demonstrated its usefulness in many areas of practical applications. The authors perceive its application potentiality to FDI with suggested maintenance actions to alleviate an end-user from the frequent requirement of an expert for diagnosis or inference. The proposed framework can serve as a useful tool/aid to the process engineers to detect and isolate the fault of large-scale complex machinery with suggested actions in a simplified way.

scholarly journals Importance of Ethical Aspects for Decision-Making

2020 ◽  
Vol 10 (3) ◽  
pp. 35
Author(s):  
Zdenek Dytrt ◽  
Radomir Serek
Keyword(s):  
Decision Making ◽  
Sustainable Growth ◽  
Educational Institutions ◽  
Decision Making Process ◽  
Ethical Aspects ◽  
Quantitative Management ◽  
Complex Decision Making ◽  
Effective Decision ◽  
Complex Decision ◽  
Effective Decision Making

The management theory did not develop equally with the changes in technologies. The consequence of this shortcoming is a prevalence of quantitative management which puts an emphasis on the quantitative values. This represents a risk for the sustainable growth. Therefore, the managerial ethics, which biases qualitative values and attitudes, is important for the managers' decision-making. The effective decision-making process is further based not only on the manager's experience, which may lead to a certain routine, but also on the cooperation among the other departments and educational institutions. Furthermore, the successful innovations, which are often an outcome of the systemic and complex decision-making, require to follow certain rules during their implementation. A person may become an initiator, leader, subject or a consumer of the innovation and should be adequately prepared for all these roles. Despite the abrupt development in the technical areas there is not such progress in the humanities. Education is still more focused on the content and form (thus quantity) rather than on the applications and relations (quality).

scholarly journals Modelling direct payments to agriculture in a CGE Framework – analysis of the Czech Republic

2011 ◽  
Vol 57 (No. 11) ◽  
pp. 517-528 ◽  
Author(s):  
Z. Křístková ◽  
A. Habrychová
Keyword(s):  
Czech Republic ◽  
Policy Instruments ◽  
Value Added ◽  
Complete Removal ◽  
Living Standard ◽  
Negative Effects ◽  
Positive Role ◽  
The Czech Republic ◽  
Direct Payments ◽  
Positive Effect

The paper deals with modelling of the direct payments subsidies to agriculture and their impact on the economy of the Czech Republic. With the use of the general equilibrium model, scenarios concerning an increase of subsidies reaching 100% of the national envelope and a complete removal of both SAPS and Top-Up payments are applied. The results show that if the full amount of subsidies is granted, the value added in agriculture and the connected sectors is stimulated, with a positive effect on the total GDP. However, if the direct payments are completely removed, negative effects on employment can be expected, suggesting that the direct payments play a positive role in the economy. The paper further points out that the effects of direct payments on the incomes of farmer households are limited, suggesting that the farmers’ living standard should be supported by other policy instruments than the direct payments

scholarly journals The impact of LFA payments on FADN farms in the Czech Republic

2008 ◽  
Vol 54 (No. 10) ◽  
pp. 489-497 ◽  
Author(s):  
M. Štolbová ◽  
T. Hlavsa
Keyword(s):  
Czech Republic ◽  
Current System ◽  
Value Added ◽  
Farm Income ◽  
Family Farm ◽  
The Czech Republic ◽  
Data Network ◽  
Farm Accountancy Data Network ◽  
The Impact ◽  
Net Value Added

This paper analyses the impact of the LFA payments on farms economic results on the basis of the Farm Accountancy Data Network in the Czech Republic. Firstly, the approaches are compared to the structure of farms based on the LFA type. Secondly, the share of the LFA payments on economic results of farms is evaluated. The evaluation considers the LFA type, share of grassland, size of the eligible area of farms. Basic economic indicators are being monitored, such as Gross Farm Income, Farm Net Value Added, Family Farm Income, current subsidies, of which in particular the LFA payments. The share of the LFA payments in economic results of agricultural holdings is compared. As a result of the analysis, the winners and losers of the current system were defined.

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