Abstract:Each one in eleven jobs in the world are from tourism sector where a well trained, educated and skilled work force is mandetory. Despite the growth in provision of tourism higher education during past 40 years, uncertainties remain about the content and nature of tourism degrees and how these are aligned with tourism industry needs. Substantial evidence is available on designing tourism higher education curriculum but the extent to which tourism higher education meets the industry needs and the job performance… Show more
“…As much as 90% of the accidents in manufacturing units happen because of human error (Yeow et al, 2014). While education of the employees has a moderate positive relationship on job performance and lowers related risks (Ranasinghe, 2019), the quality of human performance also depends on knowledge strategy of the company (Bencsik et al, 2018). Knowledge management contributes to job satisfaction and staying intention of the employees (Zamir, 2019).…”
AbstractPersonnel risk significantly affects the operation of small and medium-sized enterprises. The aim of the paper is to define and present significant factors affecting the perception of personnel risk in the SME segment, and compare the current status and development in the Czech Republic and Slovakia. The empirical research was conducted in 2020 in the SME segment in the Czech Republic and Slovakia via an online questionnaire, using a sample of 822 respondents. The obtained data were evaluated using the Chí square and Z score. Personnel risk significantly affects the SME segment and its business activities. This risk is perceived as the most significant business risk in both countries, even though its intensity is moderate and does not have a heavy negative impact on SMEs’ activities. The overall evaluation of personnel risk’s impact on SMEs’ activities is similar in both countries. The evaluation of employee turnover was relatively positive, as a considerable part of entrepreneurs stated that turnover is low and does not have a negative impact on their business. The evaluation of turnover was similar in both countries. Based on entrepreneurs’ statements, there are certain gaps in employee error rate, which affects their business. Slovak entrepreneurs provided a worse evaluation of the quality of their employees than the Czech entrepreneurs. Entrepreneurs in both countries are dissatisfied with the way their employees strive to improve their performance or how they compete among each other. The comparison based on business size and age did not yield significant differences, nor did it provide a clear trend despite the general belief presented in literature that larger enterprises have a better access to important fields of business management.
“…As much as 90% of the accidents in manufacturing units happen because of human error (Yeow et al, 2014). While education of the employees has a moderate positive relationship on job performance and lowers related risks (Ranasinghe, 2019), the quality of human performance also depends on knowledge strategy of the company (Bencsik et al, 2018). Knowledge management contributes to job satisfaction and staying intention of the employees (Zamir, 2019).…”
AbstractPersonnel risk significantly affects the operation of small and medium-sized enterprises. The aim of the paper is to define and present significant factors affecting the perception of personnel risk in the SME segment, and compare the current status and development in the Czech Republic and Slovakia. The empirical research was conducted in 2020 in the SME segment in the Czech Republic and Slovakia via an online questionnaire, using a sample of 822 respondents. The obtained data were evaluated using the Chí square and Z score. Personnel risk significantly affects the SME segment and its business activities. This risk is perceived as the most significant business risk in both countries, even though its intensity is moderate and does not have a heavy negative impact on SMEs’ activities. The overall evaluation of personnel risk’s impact on SMEs’ activities is similar in both countries. The evaluation of employee turnover was relatively positive, as a considerable part of entrepreneurs stated that turnover is low and does not have a negative impact on their business. The evaluation of turnover was similar in both countries. Based on entrepreneurs’ statements, there are certain gaps in employee error rate, which affects their business. Slovak entrepreneurs provided a worse evaluation of the quality of their employees than the Czech entrepreneurs. Entrepreneurs in both countries are dissatisfied with the way their employees strive to improve their performance or how they compete among each other. The comparison based on business size and age did not yield significant differences, nor did it provide a clear trend despite the general belief presented in literature that larger enterprises have a better access to important fields of business management.
“…They are about evil vs. good; dirty vs. clean; immoral vs. moral, and irrational vs. rational. The relationship between humans in a society is always influenced by values that are part of the cooperative program of the community's mind(Hofstede, 2007;Ranasinghe, 2019;…”
Managing microfinance institutions in Bali, Indonesia, is very dependent on the philosophy of culture of harmony as a guide for people to live in harmony with other people and the environment around them. This basis makes microfinance institutions stronger compared to other microfinance institutions in Indonesia. However, the current COVID-19 pandemic situation has paralyzed Bali's economy, prompting company leaders to look inward and outward to keep the business running sustainably. The main purpose of this study is to analyze a comprehensive and broader view of how companies identify the drive for sustainability without eliminating practices and values that are following the culture of the Balinese people of Indonesia. Experimental data were obtained from native Balinese as influential corporate leaders and executive agencies. The results show that responsive leadership is the leading force in dealing with the Covid-19 problem from an internal approach. On the other hand, from an external point of view, the main determining factor is the difference in the company's ability to make it difficult for the government to handle problems. This research combines both companies with internal and external motivations for sustainability and how cultural values influence sustainability drives. This is based on cultural identity having a strategic role in microfinance institutions in Bali. Therefore steps are needed to revitalize a culture of harmony related to strategy formulation and implementation in microfinance institutions to gain competitive advantage and organizational performance.
“…There are business plans where owners have unrealistic expectations about income and money generation, leading to a financial crisis and business bankruptcy (Hemakumar, 2020). Other business plans focus on set-up costs but do not take into account daily operating costs (Ranasinghe, 2019). It is essential to understand that it takes a year or two for a company to establish itself in the business sector.…”
The article aims to determine the difference in the perception of selected business risks and their impact on the future of business concerning the entrepreneur’s experience with business bankruptcy. The case study involved 73 small and medium-sized enterprises (SMEs) with experience of business bankruptcy and 381 SMEs without the experience of business bankruptcy from the Czech Republic (CR). Linear regression models were used to verify statistically significant causal relationships between selected indicators of the most significant business risks and respondents’ perceptions of the future of business. The results brought interesting findings. The attitudes of entrepreneurs show that personnel, market, and financial risk are among the three most significant business risks. Experience with business failure is not a significant factor in determining the impact of market indicators on the business’s perceived future. The adequacy of sales of services and products has the greatest impact. The experience of the bankruptcy of SMEs is important in financial risk attitudes. According to entrepreneurs who have no experience with bankruptcy, the perception of financial performance has the greatest direct impact on the future of business. Conversely, for entrepreneurs who have experienced bankruptcy, the ability to properly manage financial risk on the company’s future has the greatest direct impact.
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