Any company that aspires to industry leadership in 21st century must think in terms of global, not domestic market leadership. The world economy is globalizing at an accelerating pace as countries previously closed to foreign companies open up their markets, as the Internet shrinks the importance of geographic distance, and as ambitious growth - minded companies race to build stronger competitive positions in the markets of more and more countries.
This paper focuses on strategy options for expanding beyond domestic boundaries and competing in the market of either a few or a great many countries.
In the process of exploring these issues, we will introduce a number of correct concepts - multi country competition, global competition, profit sanctuaries, and cross - market subsidization. The paper includes section of market conditions; strategy options for entering and competing in foreign markets, the importance of locating operations in the most advantageous countries and so on.
Key words: Consumer, organizations having, creativity, strategic alliances, joint ventures.
In this study, some strategies of improving the forecasts accuracy were tested for the USA quarterly inflation rate. The classical filters and Holt Winters technique were applied for one-step-ahead forecasts on a horizon of four quarters from 1975 to 2011. Combined forecasts were made using the original SPF values and the new predictions based on filters and Holt Winters method. Some conclusions are valid for all the years for which forecasts are provided: combined predictions based on classical schemes (optimal, inverse weighted and equally weighted scheme) and the smoothed SPF forecasts using Holt Winters technique are two strategies of improving the accuracy of SPF expectations. However, the last one is the best, one reason being that the future evolution of inflation in USA is determined by recent values.
Keywords: forecasts, accuracy, combined forecasts, combining schemes, Holt Winters technique, Hodrick-Prescott filter, Band-Pass filter, Christiano-Fitzegerald filter
Competitiveness of enterprises in modern business conditions is based on intellectual resources. Therefore, a key challenge of knowledge economy is management, measurement and improvement of intellectual capital. Bearing in mind that it is a complex categorz, that it consists of several intangible components and values, the aim of this paper is to reveal the importance which segments of intellectual capital – identity, image and reputation have in building up, maintaining and increasing enterprise competitiveness.
The production of goods and services for haven consumption is a function of available factors of production among which labour and entrepreneurship are very prominent. The essence is the skill input which has to do with mental and physical attributes or resource activities and also acquired by training education or natural endowments. In this paper, the issue of health workers of all categories is discussed in terms of their marketing (demand and supply) workforce composition (population and size) the globalization factor and the ultimate effects on nations health policy issues, management structures and effectiveness.
This paper presented Nigeria as the case at hand whereby, health workers at both foreign and local markets with workforce composition in globalization perspective was examined to determine among others the compositions and category, competence measurement using local and international determinants, adequacy and spread among others. This is an explorative research where secondary data was used to explain questions like do we have well trained health workers in Nigeria that measure up to international standard? Are they well remunerated? What of the level of facilities to work and right environment? What about assessment of international competitiveness among others? Some of the findings shows that Nigeria’s health workers measures among the best world – wide, highly competitive and marketable internationally, very competent despite inadequate facilities to works at home and poor working conditions but in foreign lands very exceptional (brain-drain factor). Again, the supply in terms of rate of development by training and education is grossly inadequate resulting into many patients to a particular health worker like doctors to patients’ ratio which is too high in Nigeria among other findings.
It is therefore suggested that health workers skills acquisition programmes in Nigeria which is currently too expensive should be subsidized by the governments to have many of them produced to meet the health needs of Nigerians. They should equally be well remunerated with good environment to work as well as adequate facilities as applicable in the global arena. A healthy nation is a productive nation with the potential for growth and development like other great nations in the global environment.
Keywords: Workforce, Health, Workers, Globalization, Skill, Market, and Brain-drain.
Labor markets of South East Europe are going through deep and significant changes typical for transitional period of economy but prolonged and deepened by economic depression which started in 2008 and continues even today. In the SEE countries the key labor market indicators were much lower in comparison with West European economies. The general idea in this paper is to compare the labor markets of the countries in the region across different variables and to discover the main characteristics of the regional labor market during economic depression. Through implementation of multivariate analysis changes in the last three years were monitored and key features were identified. On the basis of situation in the last few years we can conclude that countries of SEE have the constant and even growing problems on the labor markets characterized by large unemployment, long term unemployment and structural mismatches.
Key words: Labor Market, Southeast Europe, Dendogram
Experience shows that the question of whether or not to introduce a hypothesis is most vital in methodology, but special importance is assigned to its conceptual definition: how it originates and is discovered, its functionality, classification, and structure, and the derivation of the hypothesis and its indicators.
In methodology exists an understanding that the hypothesis role is not important, but necessary for elaborate subjects of research and is a basic term that is usually expected from a PhD thesis title. It is an issue regarding whether it is possible to conduct research without the pursuance of a hypothesis, which requires the additional effort of researcher to formulate said hypothesis and adjust the paper to its operational determination of the subject of the research.
There is a second opinion based on the fact that hypotheses make up the research process framework, and suggests the other elements of the research goal are not as important. This understanding directly promotes a methodology built solely on a system of hypotheses and indicators as a sufficient road to project realization.
The research goal of this paper is to determine the importance of creating hypotheses with all their necessary scientific attributes by using a comparative analysis between the two above-mentioned scientific research approaches.
Keywords: Hypothesis, Scientific Research, Scientific Research Method, Subject of Research
The aim of this paper is to elaborate the impact of the new Basel III rules of the capital position on Macedonian banks and their activities. Having in mind the characteristics of the banking system, although Basel III still isn't at force in Macedonia, this paper will analyze its impact on the CAR on banks.
The financial crises showed that the bank’s resistance to crises is very fragile and two main issues were recovered that should be enhanced: the capital strength of the banking system and the liquidity position. As a result of the identified weaknesses of the regulatory framework the Basel Committee acceded to revision of the Basle II principles. The main question is will the new regulatory framework enhance the resilience of the banking system and how these changes will affect the business model of banks. Off course the effectiveness of the new framework depends on the decision of national regulators and legislation in different countries and regions.
Having in mind the aim of this paper, the implications from Basel III regarding quality and quantity of the capital that is required will be analyzed on Macedonian banks on individual level.
Key words: Basel III, capital adequacy, banking system, Macedonia
Nowadays, management activity inevitably involves computer, lap top, mobile phone, Internet and IT application. Modern information availability approach is necessary component of a successful manager, especially having in mind the newest happenings on new technology market (lap top, notebook, I pack, USB, CD and other flash memories). There is no place for the old way of behaving in modern business.
Кey words: manager, business, modern technology...
Amid the information available on management that impacts the status of a university, a leading role belongs to the financial and accounting information, formed in all kinds of accountability and control processes. There is a need for the creation of a reporting system, based on new organizational and methodological basis, adapted to current economic conditions.
Key words: Accounting systems, University, Management accounting, Mission, Strategic objectives…
In the last 30 years has drastically increased importance of multinationals in world trade. This is partly caused by the increased integration of national economies and technical progress, especially in the field of communication. Increased number of multinational companies to put the tax administration and the company before any taxation matters more difficult, because the individual national rules for taxation of multinational companies can not be seen in isolation but must be viewed in a broad international context.
The requirement to comply with laws and administrative regulations may differ from country to country creates additional problems for multinational companies. Different requirements may be associated with the additional workload for a multinational company and lead to higher costs related to compliance with these regulations than is the case with a similar company that operates exclusively under one tax sovereignty.
Contentious issues, both for tax administrations and for multinational companies, resulting primarily from the practical difficulties in relation to establishing the expenditure and revenue companies or business units within the multinational companies that are taken into account in a particular country, especially when they concern jobs closely related.
Key words: taxes, national regulations, transfer prices, income, expences.
This work focuses on the development of small and medium enterprises (SME) in Serbia and the effect globalization has on its growth, as well as correlation between the development of small and medium enterprises (SME) and commerce rise. The goal is to improve and create national conscience about the importance of development of the small and medium enterprises (SME).
Small and medium enterprises (SME) are considered to be one of the leading guidelines of the economical growth. It stimulates private ownership and entrepreneurship skills, since this area is flexible and can quickly adjust to market changes. This is generated by employment, creation of diversified economical activity and contributes to export and trade and is the basic factors of development of competitive economy.
Key words: Small and medium enterprises, entrepreneurship, globalization, commerce growth
The aim of this study is to indicate the growing importance of the active innovation policy in the contemporary economic conditions. A dominant attitude in the studies dedicated to the analysis of national innovation policies is that the national innovative capacity denotes a key determinant of the international competitiveness of the countries. The improvement of the national innovative capacity and building an adequate national innovation system are in the very epicenter of the activities of the country, and that is known as the innovation policy.
In the 1960s and 1970s, the conduct of the national innovation policy was present only in the most economically developed countries, whereas during the 1980s and 1990s, it was also established in many developing countries along with the process of economic globalization.
Key words: innovation policy, national innovative capacity, national innovation system, innovation clusters, new technologies, international competitiveness