Modern Management Review
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Published By Rzeszow University Of Technology

2353-0758, 2300-6366

2021 ◽  
Vol 26 (4) ◽  
pp. 119-131
Author(s):  
Alexander Tokarčík ◽  
Henrieta Pavolová ◽  
Tomáš Bakalár ◽  
Lucia Bednárová

The article deals with innovation management in the conditions of a manufacturing company whose aim is to reduce the working time fund that directly determines productivity or efficiency of the company in competitive market conditions. Based on explicit quantification of time frames based on an analytical – chronometric method applicable to production operations in the process. The results of observation, time measurement, research and evaluation of time consumption during the implementation of a repeated production operation, or its complex part within defined production site are presented. Based on explicitly performed quantitative analysis, introducing of innovative technology, innovative solutions in the field of production technology management that support sustainable development with an emphasis on the development of environmental quality are presented including an explicit quantification of working time fund savings through the implementation of innovative machinery and equipment in critical production operations of the analysed production process.


2021 ◽  
Vol 26 (4) ◽  
pp. 107-117
Author(s):  
Tshepo TLAPANA ◽  
Zintle Mngeni

The South African construction industry has successfully held a positive role in the transformation of the country over the years through economic development, infrastructure, and job creation. The purpose of the study was to probe the challenges that hinder the progress of black female professionals to become successful entrepreneurs in the construction industry. The study pursued a quantitative research approach. A questionnaire-based survey was utilized to gather data from participants at the selected location of the Buffalo City Metropole, Eastern Cape. The research findings revealed that although there are still challenges faced by African females, there is still considerable growth of women-owned SMME’s and the retention of African female professionals within the construction industry has significantly improved. It was also concluded that the many Government initiatives have also played a key role in these successes, though participants have also noted that there are some areas for improvement on these programs.


2021 ◽  
Vol 26 (4) ◽  
pp. 93-105
Author(s):  
Moruff Sanjo Oladimeji ◽  
Nurudeen Afolabi Sofoluwe ◽  
Henry Adewale Odunaya

The study evaluates the effect of the global macro-economic business environment on the development of Small-Scale and Medium-Sized Enterprises (SMEs) in Nigeria. Secondary data on the global macro-economic index of SMEs businesses were selected over 35 years (1985–2019). The data collected were analysed using descriptive statistics and multiple regression analysis techniques. The study revealed the positive coefficient value of 354 836.6525 and 24 141 873.6 for the gross domestic product (GDP) on Purchasing Power Parity (PPP) and Budget variables. A negative coefficient value of –16347085.61 and –232997.0657 was obtained for the inflation rate and the exchange rate, respectively. The coefficient values show the level at which the development of SMEs businesses was affected through the global environmental factors. The study concluded that the global macro-economic business environment directly affects the development of SMEs businesses. The study recommends a policy strategy that will face out the global macro-economic constraints affecting SMEs businesses.


2021 ◽  
Vol 26 (4) ◽  
pp. 69-92
Author(s):  
Anamege Anthonia Obianuju ◽  
Umar Abbas Ibrahim ◽  
Umaru Mustapha Zubairu

This paper conducted a systematic review of succession planning (SP) articles published over the last decade. The Systematic Quantitative Assessment Technique was used to identify 174 SP articles. The review covered five key issues: 1) Time distribution, 2) Geographic distribution, 3) Article type, 4) Data collection methods, and 5) Themes explored. The findings revealed that interest in SP fluctuated over the last decade, and that South America and Oceania were the least represented by SP scholarship. The spread between conceptual and empirical SP articles were skewed towards the former, and survey was the most popular data collection method. Five themes were identified, with the most striking finding being that that if the ‘going concern’ principle of organizations is to be achieved, management must make deliberate efforts to formalize the SP process with the clear understanding that it is a continuous, transparent and participatory process, and thus a crucial management imperative.


2021 ◽  
Vol 26 (4) ◽  
pp. 61-68
Author(s):  
Tomáš Novotný ◽  
Simona Novotná

This contribution deals with the specification of the current immunity of strategy and status and level of procedural management in special organizational structures referred to as industrial clusters. It represents selected specifics of the design and application of innovative tools, system integration, and agile project management of clusters. It describes and explains the context between the strategy, the organizational structure, and the need for project procedural management at the current position and competitiveness of clusters on the market in demanding energy and environmental conditions. In the end, it shall submit its own author's design scheme for a new organizational project aimed at a cluster structure and draft management process and coordination of clustered projects for their clients.


2021 ◽  
Vol 26 (4) ◽  
pp. 47-59
Author(s):  
Marcin Kłak

The main purpose of this study is to present conceptual principles of the learning organisation as a modern form of functioning of contemporary organisations and enterprises and the awareness of the dominant role of intangible resources. The most important factor that protects organizations from solidifying is knowledge. In an organization, knowledge is produced by people and these people learn. However, learning alone is not sufficient for the success of the organization. For a lasting and sustainable process, organizational learning is required. Knowledge, on the other hand, is inextricably linked to human capital, which is now the most valuable resource of the new forms of organisation.


2021 ◽  
Vol 26 (4) ◽  
pp. 37-46
Author(s):  
Anita Erari ◽  
Kurniawan Patma ◽  
Ramasoyan Arung Lamba

This study is a quantitative study that aimed to find the level of financial literacy of Papuan Micro, Small, and Medium Enterprises (MSME) and the factors that influence it. The sample consisted of 75 respondents of MSME actors in Jayapura city at Pasar Mama-Mama Papua. The data was analyzed using multiple linear regression method with SPSS version 22.0. The results showed that (1) the level of financial literacy in Jayapura city is low, (2) there is no influence of gender towards the level of financial literacy, (3) there is an influence of last educational level towards the level of financial literacy, (4) there is no influence of monthly profit towards the level of financial literacy, (5) there is an influence of investment towards the level of financial literacy, (6) there is an influence of borrowing and saving in bank towards the level of financial literacy, (7) there is an influence of insurance towards the level of financialliteracy.


2021 ◽  
Vol 26 (4) ◽  
pp. 25-35
Author(s):  
Dar`ya Cherednichenko

This paper is aimed to clarify the definition and categorization of discounts as well as pro- and anticompetitive effects of discounts. The author applied qualitative methods to the research. The modern literature review unfolds the gap of proper discounts definition, which is proposed to be covered by five-dimensions approach to discounts categorization. Based on such aspects of discount scheme as time, product, threshold, distribution level and customer, the approach provides comprehensive and uniform characteristics of discount. It allows assessing effects of competition, which are classified in two groups. Pro-competitive effects include stimulation of demand, decreasing cost due to economy of scale, solving coordination problems within a supply chain. Anti-competitive effects encompass predation scheme, raising rival’s cost, exclusive dealing, leverage and exclusionary bundling. The importance of correct assessment of the discounts by antitrust authorities is high as an overenforcement in this sphere may lead to adverse effect on total welfare.


2021 ◽  
Vol 26 (4) ◽  
pp. 7-24
Author(s):  
Ayman Balawi ◽  
Esther W. Wachira

This paper sought to answer the question of how best human resource practices can support organisations in the current phase of internationalisation while still maintaining the local standards of the hosting country? In attempting to answer this question, the paper studied the HRM practices of Foreign-Owned Companies and Hungary's Socioeconomic environment. The study revealed that the Hungarian cultural society was more independent, and power hierarchy was not entrenched in the organisational cultures, highly individualistic, masculine, intolerant towards taking risks, realistic, and culturally restrained. The paper concluded that the increased FDIs and multinational companies in Hungary posed a great challenge to employees' effective and efficient management while still maintaining the host country's local standards.


2021 ◽  
Vol 26 (3) ◽  
pp. 79-86
Author(s):  
Agnieszka JĘDRUSIK

The purpose of this article is to present the process of risk management in project management. The analysis was based on a comparison of two best practices of IPMA and PRINCE. Risk management differs significantly between the two approaches, but it is up to the organization to choose its own management, monitoring and methodology tailored to the specific industry or sector. Risk management is an important aspect of the entire project life cycle and must be monitored throughout the project life cycle to protect not only the budget but all areas of the so-called "golden triangle". A very important aspect is the organization's awareness that risk management is everyone's responsibility, not just the project manager. This paper presents two different approaches to project risk management in two different methodologies.


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