CONTENTS
ECONOMIC POLICY
Kirsanov S. A., Safonov E. N. Prospects of digitalization of the two capitals of Russia
Bogavac M., Čekerevac Z., Prigoda L. SMEs – world, European Union, Russia, and Serbia
Zharskaya Z. V. Modern support system for small and medium-sized businesses
Bezborah P. Development of Smart cities: an Indian experience
PROBLEMS OF MANAGEMENT
Jozsa L., Platz P., Krasnova A. Discovering the differences in buying behaviors of young adults among the impulsivity – consciousness scale
Badulescu D., Badulescu A. How age and work experience affect expected performance of new ventures? Evidence from EDP-surveyed companies
Mihaliková E. Communal waste processing methods in V4 countries
Sidorenko E. A. Improvement of inventory of settlements of group of companies organizations
István P. Társadalmi marketing modell és stratégia a jövő városa, a smart city fejlesztésében
Ferafontova M. V. Relevant aspects of optimization of warehouse processes with the use of modern information technologies
Jesenko M., Župová E. Job satisfaction of representatives and employees of local-self government in Slovakia
Ručinská S., Fečko M. Services in cities and municipalities - Slovak Republic experiences
Polyakov N. A., Safonov E. N., Kirsanov S. A. State support of environmental technologies in the development of the arctic zone of Russia
INVESTMENT, FINANCIAL AND MANAGEMENT ANALYSIS
Ivanov I., Tambovceva T. Sustainable development of Bulgaria: a study of the key indicators for monitoring
Aničić D., Aničić J., Zakić N. The impact of financing structure on business strategy of enterprises
Patriarca R., Gravio G. Di, Costantino F. About resilience of modern societies
Goowalla H. A study of the prospect of marketing of Indian tea exports: a comparative study
Mamedov Z. F. The modern university: new challenges and complex tasks
Tomaszewski J., Lewińska M. Management of a global enterprise on the example of the samsung group
Kornowskiy A. Analysis of convergence, divergence and level of economic development of the eastern regions of the Russian Federation
Podviezko A. Macro- and micro- prudential policies of financial stability
Belova N. M. The impact of marketing research on competitiveness of company and products
Vlasenkova E. A. Consolidated budget of the Russian Federation: income growth trends and prob-lems
UDC 338: 711.432
PROSPECTS FOR DIGITIZING TWO CAPITALS OF RUSSIA
author
S. A. KIRSANOV, E. N. SAFONOV
abstract
The concept of a “smart city” is being actively implemented in Russia, the task of which is the widespread use of energy-efficient, economical solutions based on digitalization in our country. Moscow and St. Petersburg are cities that have all the necessary information, intellectual and financial resources for the successful implementation of this concept. The article talks about solving the problems of digital transformation by the governments of both capitals.
keywords
digitalization, “smart city”, digital economy, information technology.
UDK 339.9
SMES - WORLD, EUROPEAN UNION, RUSSIA, AND SERBIA
Authors
M. BOGAVAC,
Faculty of Business and Law of the “Union - Nikola Tesla” University, Belgrade, Serbia
Z. ČEKEREVAC,
Faculty of Business and Law of the “Union - Nikola Tesla” University, Belgrade, Serbia
L. PRIGODA,
Maikop State Technological University, Faculty of Finance and Economics, Maykop, Russia
Abstract
The article analyzes SMEs and their importance at the world level and particularly in the EU, Russia, and Serbia. In the introductory part, there are discussed the basic definitions and different ways of classifying SMEs, the importance of classifying SMEs and dividing SMEs according to the purpose of their emergence and existence. The world SME sector section discusses the position and importance of SMEs in different areas, depending on the development level of the country in which they are established and in which they operate. As a separate group, a group of micro-enterprises, startups, was singled out. Chapter 3 discusses the impact of SMEs on EU employment, and the dynamics of SME development in the EU. Chapter 4 discusses the level of development, number and structure of SMEs in Russia and their impact on employment. Particularly prominent are the growth of the micro-enterprise number and the decline in the number of small- and medium-sized companies. With Serbia, the largest growth in the number of enterprises was observed in the group of small enterprises, and the smaller growth was in micro- and medium-sized enterprises. The smallest growth was recorded in the group of large enterprises as shown in chapter 5. The same chapter analyzed the number of business entities by size and the average number of employees per company in different branches of industry. At the end of the paper, in the chapter Conclusions, the main results of the research are presented and the ways of economic development of a country are pointed out. The work can be useful to those who are involved in the SME business or analyze it.
keywords
SME, classification, development, employment.
UDC 346.26
MODERN SYSTEM OF SUPPORT OF SMALL AND MEDIUM BUSINESS
author
Z. V. ZHARSKAYA
abstract
The article discusses the modern support system for small and medium-sized businesses in our country, summarizes the results of the Fifth Eastern Economic Forum held on September 4–6, 2019 in Vladivostok. Examples of supporting social entrepreneurship in the Moscow Region are also provided.
keywords
small and medium enterprises, Eastern Economic Forum, Strategy for the development of small and medium enterprises.
UDK 330.342.24
DEVELOPMENT OF SMART CITIES: AN INDIAN EXPERIENCE
Authors
P. BEZBORAH,
Prof., Department of Commerce, Dibrugarh University, India
UDK 330.342.24
DISCOVERING THE DIFFERENCES IN BUYING BEHAVIORS OF YOUNG ADULTS AMONG THE IMPULSIVITY - CONSCIOUSNESS SCALE
Authors
L. JOZSA,
Prof, Phd, University professor, University of Selye, Komarno, Slovakia
P. PLATZ,
Phd, Associate professor, Széchenyi István University, Győr, Hungary
A. KRASNOVA,
Msc student, Széchenyi István University, Győr, Hungary
Abstract
The logic of buying is not completely understood nor summarized yet (Platz - Veres, 2014), as it involves numerous factors. The authors suppose that the ways consumer react to the external factors correlate with their impulsivity, so as with their quality of consciousness. This study focuses on the differences among young consumers. Based on a quantitative analysis of the consumer's position on the scale of impulsivity vs consciousness predicts differences, which can be partially forecasted based on their demographic attrib-utes such as gender and level of education.
The variability in the buying situation's outcomes, due to the consumer's position on the impulsivity - consciousness spectrum, reports a feedback on the applied marketing's efficiency.
keywords
consumer studies, buying behavior, impulsivity, consciousness.
UDK 331
HOW AGE AND WORK EXPERIENCE AFFECT EXPECTED PERFORMANCE OF NEW VENTURES? EVIDENCE FROM EDP-SURVEYED COMPANIES
Authors
D. BADULESCU,
Prof. dr. habil, Department of Economics and Business, and Doctoral School of Economic Sciences, Faculty of Economic Sciences, University of Oradea, Oradea, Romania,
A. BADULESCU,
Prof. dr. habil, Department of Economics and Business, and Doctoral School of Economic Sciences, Faculty of Economic Sciences, University of Oradea, Oradea, Romania
Abstract
The essential role of entrepreneurship for economic growth and prosperity determines a sus-tained effort by researchers, practitioners and decision-makers in identifying, promoting and enhancing its effects on the economy and society. Through various means of support, by capitalizing on those determinants favorable to the entrepreneurial initiative, all these actions consider not only the quantitative increase of the number of entrepreneurs, but, in particular, a critical mass of successful entrepreneurs, able to stimulate and accelerate the development of a significant number of innovative, high growth projects, with a significant-pact on the market. In this paper, using the results of a survey applied to a considerable number of start-ups around the world made available by Entrepreneurship Database Program (EDP), we analyzed the association between the expected profit margin and the founder's age, and respectively, cumulative work experience. We found that expectations of reaching a certain profit margin are not strongly dependent on the age or work experience of start-up's founder, which leads us to conclude, in accordance to other studies in the field, that the aim of accelerated growth is not necessarily linked to the youth and limited experience of high growth-focused entrepreneurs.
UDK 628.477
COMMUNAL WASTE PROCESSING METHODS IN V4 COUNTRIES
Authors
E. MIHALIKOVA,
Ing. Eva Mihaliková, PhD., UPJŠ v Košiciach, Fakulta verejnej správy, Popradská 66, Košice Slovensko
Abstract
The quality of the environment is essential to ensure the sustainable development of our planet and its existence for future generations. The long-term goal of the European Union is to secure a healthy environment and to transform Europe into a recycling society which avoids the production of waste. This paper analyzes the amount of municipal waste produced in the Visegrad Group countries and the ways of its treat-ment.
keywords
Municipal waste, recycling, landfilling, the need for separation
UDC 658.15
IMPROVEMENT OF INVENTORY OF SETTLEMENTS OF ORGANIZATIONS OF GROUP OF COMPANIES
author
E. A. SIDORENKO
abstract
The calculation inventory procedure allows organizations to maintain accurate and correct accounting by regularly checking their status and correct reflection. When carrying out an inventory of settlements by organizations that are part of a group of companies, additional problems arise related to the complexity of the management system. The article analyzes the existing problems of inventory calculations by organizations as part of a group of companies, and also offers recommendations for improving this procedure.
keywords
inventory, calculation inventory, reconciliation of mutual settlements, group of companies, receivables, payables.
UDK 65.01
TÁRSADALMI MARKETING MODELL ÉS STRATÉGIA A JÖVŐ VÁROSA, A SMART CITY FEJLESZTÉSÉBEN
Authors
P. ISTVÁN,
Dr.habil, egyetemi tanár, intézetigazgató, Miskolci Egyetem GTK Marketing és Turizmus Intézet
Notices
A tudatos városfejlesztés mindig, s különösen az elmúlt fél évszázadban a "jövő városai-nak", azaz a vonzó, barátságos, kellemes, a lakosai számára jólétet teremtő települések kialakítására irányult, figyelembe véve a társadalmi, gazdasági, technológiai kihívásokat és lehetőségeket. A tanulmány - szakiro-dalmi és saját kutatásokra épülően - áttekinti a smart city, mint integratív jellegű koncepció, stratégia tartalmi kifejlődését, s benne a társadalmi marketing, ss benne a társadalmi marketing, alkalmán s benne a társadalmi marketing, alkalmón marketing 3.0 és 4.0 korszak illeszkedő gyakorlatát.
Kulcsszavak
smart city koncepció, társadalmi marketing, marketing 3.0, marketing 4.0.
UDC 339.173
ACTUAL ASPECTS OF OPTIMIZATION OF WAREHOUSING PROCESSES USING MODERN INFORMATION TECHNOLOGIES
author
M. V. FERAFONTOVA
abstract
One of the problems of inventory management is the lack of modern technical means and technologies to improve this process. Accounting for inventories, inventory is the most complex and time-consuming process in economic accounting, so the introduction of information technology and increased automation of activities is relevant for many organizations. In the framework of this article, the introduction of mobile applications based on the 1C program to the inventory for inventory, optimizing the processes of receiving and dispensing, and conducting an inventory is considered.
keywords
warehouse processes, property accounting, mobile applications based on 1C program for inventory accounting, RFID tags, RFID readers.
UDK 331.44
JOB SATISFACTION OF REPRESENTATIVES AND EMPLOYEES OF LOCAL-SELF GOVERNMENT IN SLOVAKIA
Authors
M.JESENKO,
doc. JUDr. Mgr., PhD., Department of Public Disciplines Faculty of Public Administration, Pavol Jozef Šafárik University in Košice
E. ŽUPOVÁ,
PhDr., PhD., Department of Social Studies Faculty of Public Administration, Pavol Jozef Šafárik University in Košice
UDK 640
SERVICES IN CITIES AND MUNICIPALITIES - SLOVAK REPUBLIC EXPERIENCES
Authors
S. RUČINSKÁ,
doc. Ing., PhD., Pavol Jozef Šafárik University in Košice, Faculty of Public Administration,
M. FECKO,
PhDr., PhD., Pavol Jozef Šafárik University in Košice, Faculty of Public Administration
Abstract
The settlement structure in the Slovak Republic is very fragmented, leading to a big number of municipalities, from which the majority are small municipalities with a low number of inhabitants. Regardless the size, each municipality in the Slovak Republic has the same competences and thus also the same duties to fulfil. Legislative framework in the field of eGovernment and provision of electronic Services gave an obli-gation to provide services by electronic means to all municipalities. Limited resources, especially in small municipalities, overall wide and complex set of duties and the need to manage modern methods and legislative obligations naturally lead to the use of online based solutions. The article is oriented on the analysis of the Municipality Data Center, as one of the major online based electronic solutions used by municipalities in the Slovak Republic for provision of municipal services within their original competences.
keywords
eGovernment, eServices, city, municipality, Slovakia.
UDC 332.1
STATE SUPPORT OF ECOLOGICAL TECHNOLOGIES IN THE DEVELOPMENT OF THE ARCTIC ZONE OF RUSSIA
author
N. A. POLYAKOV, E. N. SAFONOV, S. A. KIRSANOV
abstract
The key tasks in the development of the Arctic zone of the Russian Federation are the tasks of environmental support for the extraction, transportation and processing of minerals. In Russia, it is necessary to create conditions for the development of domestic developments in the field of protecting the natural environment of the Arctic. The authors propose a mechanism that stimulates a small innovative business in the field of environmentally friendly technologies. For this, in the city administrative centers of the Arctic regions, it is necessary to create support zones for the economic development of the territory, where an important place is given to innovative clusters of small enterprises. The main tasks of these enterprises will be the development of the Arctic zone of the Russian Federation. An important role here is played by a small innovative business that ensures environmental safety of development projects in cooperation with manufacturers of unique innovative equipment and leading design institutes of resource-extracting companies, leading players in the Arctic zone of the Russian Federation.
keywords
clean technologies, environment and development, environmental protection, pollution control.
UDK 338
SUSTAINABLE DEVELOPMENT OF BULGARIA: A STUDY OF THE KEY INDICATORS FOR MONITORING
Authors
I. IVANOV,
University of Forestry, Sofia, Bulgaria,
T. TAMBOVCEVA,
Riga Technical University, Latvia
Abstract
The article presents results of research on sustainable development of Bulgaria. The study period was 2006–2016 and the data was obtained by the National Statistical Institute of Bulgaria. The most adequate models of development were identified for 17 key indicators for monitoring of the sustainable development-opment in Bulgaria and the direction of their development was defined.
keywords
sustainable development, indicators, monitoring, models of development.
UDK 330.332.21
THE IMPACT OF FINANCING STRUCTURE ON BUSINESS STRATEGY OF ENTERPRISES
Authors
D. ANIČIĆ,
PhD, “Union-Nikola Tesla” University, Faculty of Economics and Finance, Belgrade
J. ANIČIĆ,
PhD, “Union-Nikola Tesla” University, Faculty of Economics and Finance, Belgrade
N. ZAKIĆ,
PhD, “Union-Nikola Tesla” University, Faculty of Entrepreneurial Business and Real Estate Management
Abstract
Financial strategy involves collecting funds according to the business strategy demands and its usage with the aim of company value maximization. The consistency between the financial and business strategies is an important condition for the creation and maintenance of the company's competitive advantage in the market. There is a wide spectrum of factors influencing the financing structure and the business strategy choice at the same time. The financing structure also affects the profit and risk, financing flexibility, develop-ment strategy of the company as well as the value of the complete company through them. Flexible financial strategy is necessary in contemporary business conditions, which provides the company's adaptability to the changes in the dynamic environment, with minimum costs and high competitiveness maintenance.
keywords
financial structure, business strategy, enterprise, competitiveness.
UDK 330.332.21
ABOUT RESILIENCE OF MODERN SOCIETY
Authors
R. PATRIARCA, G. DI GRAVIO, F. COSTANTINO,
Sapienza University of Rome, Department of Mechanical and Aerospace Engineering, Via Eudossiana 18, 00184 Rome, Italy
Abstract
Modern socio-technical systems call for a reconsideration of current notions and practices related to risk and safety management. Disruptive technologies have changed the way humans interact with each other or with technical artefacts, and the way they behave within organizations and societies. As a con-sequence, new approaches are needed to understand and explore the inherent complexity due to such inter-actions. The discipline of Resilience Engineering aims to deal with this aspect and make current and modern socio- technical systems - or even societies - able to sustain operations under expected, or unexpected, crit-icalities. This document summarize the main aspects of Resilience Engineering, and the potential for its ap-plicability in a wide range of systems.
keywords
strength; resilience engineering; socio-technical systems; complexity.
UDK 658.8
A STUDY OF THE PROSPECT OF MARKETING OF INDIAN TEA EXPORTS: A COMPARATIVE STUDY
Authors
H. GOOWALLA,
Dr., Associate Professor, Department of Commerce Mariani College Mariani, Jorhat. Assam. India
Abstract
Indian tea is among the finest in the world owing to strong geographical indications, heavy investments in tea processing units, continuous innovation, augmented product mix and strategic market ex-pansion. The main tea-growing regions are in Northeast India (including Assam) and in north Bengal (Darjee-ling district and the Dooars region). Tea is also grown on a large scale in the Nilgiris in south India. India is one of the world's largest consumers of tea, with about three-fourths of the country's total produce consumed locally.
Indian tea exports are facing uncertainty from two of its major markets in Iran and UK. The UK is flooded with cheaper grade tea from Kenya which is spoiling Indians chances there. Similarly India is facing a problem in the payment mechanism with Iran as the country with Iran as the country wants tea trade to be conducted in dollars instead of rupees. The study has to evaluate India's tea export trends and examines the underlying factors and to discuss the prospects of India's tea exports comparison is made with the other major exporting countries.
keywords
India; s position in world tea exports, Major producing countries, Marketing Trends, Type wise tea exports and Major Tea Importers in the world.etc.
UDC 378.4
MODERN UNIVERSITY: NEW CHALLENGES AND CHALLENGES
author
Z. F. MAMEDOV
abstract
The system of higher education in economically developed countries is undergoing a radical transformation. Their essence is connected with the decisive role of universities in economic growth and innovative development. And this means a change in the socio-economic function of universities: along with the traditional educational and scientific mission, a sphere of rapidly developing economic activity arises. The article is devoted to the study of the role of universities in society.
keywords
University, society, education.
UDK 658.8
MANAGEMENT OF A GLOBAL ENTERPRISE ON THE EXAMPLE OF THE SAMSUNG GROUP
Authors
J. TOMASZEWSKI,
Ph.D. in economics, assistant professor; teaching and research worker at the Faculty of Management at the University of E. Kwiatkowski in Gdynia; until March 2004, the economics department of the Polish Naval Academy in Gdynia. The author's research interests include public finances, economic security problems with particular emphasis on the financial aspects of maritime security
M. LEWIŃSKA,
master's degree - management; enterprise management specialty; administration employee at "MAKO TSL Błażej Makurat" (transport, forwarding, logistics); the author's research interests include problems of work organization in enterprises, with particular emphasis on human resources management
Abstract
The article presents the evolution of basic theories related to the development of management and quality sciences. It indicates their relationship with business practice based on the results of own research, the fundamental problems associated with the search for new solutions in the field of enterprise management in the era of progressing globalization processes that are gradually transforming the global market have been pointed out. It is assumed that this goal shall be achieved on the basis of Samsung's management practices, which have been successful internationally including the Polish market. In this sense, the content presented should be considered a case study.
keywords
management, market, globalization.
UDC 330.34
ANALYSIS OF PROCESSES OF CONVERGENCE, DIVERGENCE AND LEVEL OF ECONOMIC DEVELOPMENT OF THE EASTERN REGIONS OF THE RUSSIAN FEDERATION
author
A. KORNOVSKY
abstract
The aim of this work is to analyze convergence and divergence, as well as an analysis of the economic development of the eastern regions of the Russian Federation using five main macroeconomic indicators: unemployment, GDP per capita, investment per capita, the number of innovative firms in the region per 1 million residents doing research and development, as well as average wages between 2000 and 2012. The regions of the Russian Federation are conditionally divided into Western (European part of Russia) and Eastern (Asian part of Russia). The work presents 27 eastern regions of the Russian Federation, statistics for the calculation are taken from the page of the Federal State Statistics Service Rosstat (). The main analysis method is a taxonomic indicator based on the Euclidean metric. The level of economic development of the Russian regions shows the specificity and nature of the Russian economy in the eastern regions. The studies performed allow us to conclude that a high level of economic development takes place in industrial and commercial regions, and a low level of economic development in agricultural ones. The work specified the level of macroeconomic indicators in the eastern regions of the Russian Federation (unemployment rate, GDP per capita, investment per capita, the number of innovative firms in the region per 1 million inhabitants and average wage1); the construction of a taxonomic indicator based on the Euclidean metric is presented; contains an analysis of the differentiation of development of the eastern regions of the Russian Federation based on taxonomic indicators and an analysis of the convergence and divergence of regional processes of the above regions. The final part presents the main findings of this study.
keywords
economy. convergence, divergence, eastern regions.
UDK 339
MACRO-AND MICRO-PRUDENTIAL POLICIES OF FINANCIAL STABILITY
Authors
A. PODVIEZKO,
Associate Professor, Doctor of Science (Economics), Mykolas Romeris University, Ateities g. 20, LT-08303 Vilnius, Lithuania
Abstract
The present paper is mingling microprudential policies and macroprudential approaches of the IMF, ECB, FSB, together with the microprudential methodology proposed by the author. As financial stability comprises multidimensional factors, only complex approaches can provide viable and effective solutions.
keywords
financial stability; financial system; MCDA; quantitative evaluation.
UDC 339.13
THE IMPACT OF MARKETING RESEARCH ON COMPETITIVENESS OF COMPANY AND PRODUCTS
Authors
NM BELOVA,
Candidate of Pedagogy Sciences, Associate Professor, Head of Department of Humanitarian, Social and Economic Subjects of the Branch of the Russian State University for the Humanities, Domodedovo, the Russian Federation
Abstract
This article presents various technical and economic indicators and factors that have impact on marketing research. Regard and monitoring of all described factors will lead the company to successful results in marketing research on any subject, as well as increase competitive advantage of the company and its products among competitors through adequate management decisions.
keywords
competitiveness of a company, competitiveness of product, marketing research, technical and economic indicators.
UDC 336.1
CONSOLIDATED BUDGET OF THE RUSSIAN FEDERATION: TRENDS AND PROBLEMS OF INCOME GROWTH
author
E. A. VLASENKOVA
abstract
The article is devoted to the study of the parameters of formation of tax revenues of the consolidated budget of Russia and the search for ways to increase them due to factors that do not increase the tax burden on taxpayers.
keywords
consolidated budget, tax revenues, tax revenue growth factors.
