Search results for "Business Management"

Commercial and financial policies in family firms: The small business growth management flight simulator

2000

An interactive learning environment (ILE) was built to reproduce the budgeting process of a small family-owned entrepreneurial firm and to capture how current decisions affect business growth in a longer time horizon. The ILE matches the accounting-related perspective through which spreadsheet-based budgets are drawn up, with the system dynamics (SD) view. Such a goal has been pursued through a connection of traditional Excel spreadsheets with POWERSIM SD models. Playing the SMALL BUSINESS GROWTH MANAGEMENT FLIGHT SIMULATOR allows one to learn how (a) to draw up a budget based on an SD perspective, (b) long-term goals may be affected by current decisions, (c) business/family survival and gr…

Financial Management as a Tool for Achieving Stable Firm Growth

2016

Abstract The purpose of this study is to show that financial management in the firm is a tool for achieving stable firm growth and long-term firm stability while problems in firm financial management lead to the inability of firms to ensure sustainable growth of their value. This problem is relevant for firms in all countries. The main objectives of this paper are: to analyse dynamics of value of the largest Latvian firms, to determine the drivers of these dynamics and to establish the main problems slowing the growth of firm value, which are related to the drawbacks in financial management, and to provide suggestions for solving these problems. This study analyses financial management proc…

Green Public Procurement: Case Study of Latvian Municipalities

2019

Abstract Green public procurement (GPP) is an instrument for public institutions that have made sustainable consumption and financial aids savings, particularly taking into consideration expenses of the total life cycle of the agreement, not just the procurement price. Municipalities are important to promotion of sustainable consumption through their positive effects on citizens and other stakeholders. The present paper analyses the contribution of municipalities of the Republic of Latvia in developing sustainable consumption through GPP. The aim of the paper is to explore the development of GPP in municipalities, analysing influencing factors. By analysing data from the Procurement Supervi…

Factor Analysis of Passengers’ Satisfaction at “RIGA International Airport”

2015

Abstract The aim of the paper is to determine complex factors influencing passengers’ satisfaction at RIGA International Airport (Latvia). Theoretical evidence was examined and factor analysis was carried out to identify the main groups of factors affecting passengers’ satisfaction at the Airport. The findings of the study show that the most important five factors affecting it are: (1) availability of telecommunications, (2) effective way finding signs, (3) cleanliness of restrooms, (4) courtesy of staff and (5) availability of staff. The results based on this study will help airport managers in the Baltic Sea region to better serve their passengers through introduction of modern technologi…

Factors Influencing the Choice of Higher Education Establishment for Marketing Strategies of Higher Education

2015

Abstract The world-wide competition of higher education programs makes education institutions to seek for most efficient ways to attract students. The presented academic research is devoted also to the issues on motives and influencing factors for the choice of study programs. The methods applied in the current paper are as follows: analysis of scientific publications, focus group discussions, surveys of possible future students. For the evaluation of different aspects of choice a scale of 1-10 was used. For the data analysis of the survey descriptive statistical analysis, cross tabulations and correlation analysis, as well as analysis of variance (ANOVA) and factor analysis were applied.

Ontological Analysis of the Project Risk Management Concept ‘Risk’

2018

Abstract The aim of the current research series is to examine the definitions of the concept ‘risk’ and analyze the concepts used in the definitions of ‘risk’ in the sources of these definitions in order to perform the ontological analysis of the concept of ‘risk’. Ontological and epistemological analysis of the concepts in the definition of the concept ‘risk’ was used to answer the question what ‘risk’ means in project management. This investigation represents a part of the research series where the ontological, epistemological and methodological analysis of project risk is performed with the aim to improve risk registers and risk management as a whole. In the previous studies the author a…

Business Intelligence Integrated Solutions

2017

Abstract A Business Intelligence solution concerns the simple, real-time access to complete information about the business shown in a relevant format of the report, graphic or dashboard type in order help the taking of strategic decisions regarding the direction in which the company goes. Business Intelligence does not produce data, but uses the data produced by the company’s applications. BI solutions extract their data from ERP (Enterprise Resource Planning), CRM (Customer Relationship Management), HCM (Human Capital Management), and Retail, eCommerce or other databases used in the company.

Small Business Management: Theory and Practice

2020

Navigating the Transition from Higher Education to the Labour Market: A Wake-Up Call for University Students

2015

Abstract Many studies describing the transition from school to work focus on national patterns of labour market entry and in so doing, they often simplify the complex transition processes and job finding requirements involved. Our paper sets out to look at some transition obstacles and paths from higher education to the labour market from the graduates’ point of view as expressed during a recent event held at LBUS. We hold that in Romania the first job upon education is hampered by graduates across all disciplines having no or little work-based experience, thus marking national transition patterns/pathways as less compatible with those in other European countries.

Occupational Hazards Management Using a Grey-Based Decision-Making Approach

2019

Abstract The objective of this paper is to present and verify the decision-making model which makes it possible to streamline the occupational hazards that tend to occur in the work environment, according to the adopted decision-making criteria. In this way, it will be possible to reduce inconsistencies of decision-makers deciding to focus their preventive measures upon the most important hazards, in the situation when the same assessments for hazards are obtained using classical matrix techniques. Within this model, a grey approach was proposed, which makes it possible for experts to use linguistic variables in such assessments. The following three risk assessment parameters were used as t…