In the initial stages of the adoption and institutionalization of Public-Private Partnerships (PPPs), national governments of transitional economies have accepted, developed, and organized Public-Private Partnerships with varying degrees of success. This study aims to investigate the critical success factors (CSFs) influencing the establishment of a sustainable Public-Private Partnership in transition conditions. In the first part of the paper, based on an extensive review of the literature, previous studies and relevant results in this field are presented as a background for this research. In the second part of this article, the survey used a factor analysis, which, with the application of the Principal Component Analysis and Varimax method with Kaiser normalization, has extracted four CSFs: (1) the establishment of a central PPP unit—knowledge center; (2) the establishment of a compatible legal/regulatory framework; (3) development of national PPP policies and strategies; and (4) standardization and transparency of the process. In the concluding remarks, the authors address the perspectives and methodological research constraints, examining possibilities to develop new knowledge and more efficient Public-Private Partnership implementation in the developing PPP markets of transitional economies.
The aim of this study is to explore how entrepreneurs assess their self-efficacy in relation to their amount of monthly income, years of entrepreneurial experience, and job satisfaction. Moreover, the relationship between entrepreneurs’ self-efficacy and the indicators of entrepreneurial skills was explored. A total of 335 entrepreneurs aged between 25 and 64, who were mostly men (70.1%), participated in the study. The participants answered 10 questions from the pilot version of the Checklist of the Indicators of entrepreneurial skills and General Self-Efficacy (GSE). The results have shown that the amount of monthly income and job satisfaction both have a significant effect on the entrepreneurs’ assessments regarding their self-efficacy. Moreover, the results have shown that two indicators of entrepreneurial skills singled out as significant predictors of self-efficacy. The indicator “I have a hard time dealing with stressful situations at work” has a negative relationship with the entrepreneurs’ assessments self-efficacy, while the predictor “I learn from wrong business moves” has a significant and positive relationship with entrepreneurs’ assessments of self-efficacy. The relationship between self-efficacy and stress management is discussed in the context of successful and sustainable entrepreneurship. It is concluded that the entrepreneurs’ assessments of self-efficacy are “stress sensitive”, whether the challenge is imposed or defined by the social surroundings, e.g., the amount of monthly income, or the entrepreneur’s personality, e.g., job satisfaction, risk management and self-confidence.
In the period of globalization, the management of international industrial companies has a problem of managing the production performance in different countries. In addition, there is a problem of creating business strategies and organizing effective and efficient production with the lowest costs because there are many indicators that may have impact on production and should be analysed in the decision-making process. The main objective of the research is creation and presentation of new methods for monitoring and analyzing KPIs suitable for displaying a combination of input, process and output measures, which implies the evaluation values of Key Performance Indicators (KPIs) according to their impact on international industrial companies' goals. This study presents a new model for performance analysis based on four main perspectives of international industrial companies. The model is presented using different methods, which include Tool for Action Plan Selection-TAPS, Analytic Hierarchy Process (AHP), Non-parametric Statistical Analysis with Kruskal-Wallis Test and a new method created in Lab View software. The methods are suitable for defining, analysing and visualization of KPIs and their impact on the company performance. Empirical part of the study is conducted in twenty international companies and research is based on assessing defined KPIs by General Management and Sector Managers. The research has largely achieved the objectives which determine that measuring of KPIs has a value for international industrial companies and can influence strategy development and help in organizing efficient production with minimum cost.
The aim of the presented study is to give contribution to the efforts that are being made to analyze the possible differences between joint stock companies and other companies from the research sample, regarding the selected innovation factors. In a research process modified SPACE ((Strategic Position and Action Evaluation) analysis for defining strategic position of the company was used. In the survey, the sample consist of the selected countries from SEE region, which are in the transitional phase. The results show that there are certain differences between joint stock companies and other companies in the sample, in terms of the selected factors of innovative enterprises, isolated from modified SPACE model in strategic planning. To determine these potential differences, factor analysis and hierarchical cluster were used, as appropriate stat. method.
Since the onset of the current economic crisis, a global debate on the regulation of the new economic reality has intensified. Challenging three traditional governance assumptions (the Westphalian system of states, national policies and its hard-law norms), the paper will examine the activities of the Group of 20 towards developing a new global economic regime, drawing on aspects of the regime theory and global governance concepts. After analyzing three distinct models of supranational governance, the paper will show the relevance of soft law in successful implementation of new global norms.
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