The petroleum companies strive to develop continuous technological innovation with the aim to gain a competitive advantage. Technological trends and their effects on the business of the company NIS j.s.c. Novi Sad will be presented in this paper. NIS j.s.c. Novi Sad stands for one of the leading vertically integrated energy companies in Southeast Europe. The subject of the paper is the observation of technological trends of the company NIS j.s.c. Novi Sad with a special view on innovation of the company NIS j.s.c. The aim of the paper is to identify characteristics, importance and reach of the designed and implemented technological innovations of the company NIS j.s.c. Novi Sad, and to propose directions which the company should take into account while making future strategic moves. The case study method will be used in this paper as research methodology.
Increased efficiency is a necessity for any company in the knowledge-based economy, rather than an option, in the circumstances of constant change and global competition. The efficiency of using resources, especially intellectual resources, is a crucial factor in assessing the financial strength of an enterprise. Since intellectual resources are immaterial and mainly invisible, measuring and managing them is difficult. Measuring human capital efficiency provides relevant information for management, as human capital significantly affects a company's performance. The aim of the paper is to explain the importance of measuring human capital efficiency through selected conventional and contemporary indicators. This paper will show what managerial information we could get thanks to the quantification of human capital efficiency in using the specific indicators in the labour productivity analysis.
In the knowledge economy era, human capital is a part of intellectual capital and a significant factor in enterprise competitiveness. The importance of human capital is often diminished due to the accounting expression of investments in human resources in the income statement as a cost (expenditure) component. This paper points to the fact that the cost of human resources is an investment that affects the growth of the business performance of an enterprise. Hence, the aim of this paper is to examine the impact of human capital value on human capital efficiency and business performance indicators, such as sales revenue (SR), earnings before interest and taxes (EBIT), and EBIT margin (EBITM). To examine this impact, empirical research is conducted on a sample of 24 companies with the highest brand value for the period 2012-2019. The regression analysis results show that sales revenue and EBIT grow by 0.77% and 1.1% respectively as human capital value grows by 1%. Additionally, findings reveal that the growth of the human capital value negatively affects the values of human capital efficiency indicators and EBIT margin in the sample of examined enterprises.
This paper investigates the contribution of entrepreneurship to sustainable development and economic growth in emerging markets in the period before and during the COVID-19 pandemic. Additionally, the importance of various measures implemented by entrepreneurs and governments as responses to the changing environment in the COVID-19 pandemic is examined. By employing the data for 20 emerging markets, the findings revealed that only high-growth-expectation entrepreneurship (HEA) had a significant contribution to economic growth before the pandemic, but this relationship became negative during the COVID-19 crisis. Furthermore, this research pointed out that sufficient responses to the COVID-19 pandemic could be a useful instrument to encourage the development of entrepreneurship and revive the economy in the post-COVID period in emerging markets.
Besides delivering scientific and professional content, teaching entails fostering students' learning by adopting effective instructional strategies in an engaging and motivating environment, which needs to be aligned with our intended outcomes and with our varied and specific teaching and learning contexts. These proceedings bring a selection of papers presented at the 2nd International Scientific Conference »Teaching Methods for Economics and Business Sciences« held on 7 May 2018 at the University of Maribor, Faculty of Economics and Business. The authors who submitted their work for this publication share a common interest both in a continuous improvement of their teaching and in the enhancement of their students' engagement and learning in order to contribute to global prosperity.
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