Problems and Perspectives in Management

ISSN 1727-7051 (print), 1810-5467 (online)
Publisher LLC “Consulting Publishing Company “Business Perspectives”
Issued from November 2003
Problems and Perspectives in Management

The journal covers all the aspects of management, such as international organizations and communities’ management, state and regional governance, and company’s management. It also analyzes the key aspects of planning, organization, motivation and control in various areas and in different countries. The journal publishes articles, which are focused on existing and new methods, techniques and approaches in the field of management. It publishes conceptually new, contemporary and innovative researches, including theoretical and empirical research papers. The target audience of the journal includes researchers, scholars, lecturers, students, and practitioners. It is published quarterly in Ukraine.

Key topics:

  • Organizations and Organizational Behavior
  • Decision-making Process, Criteria, Principles, Models
  • Information and Uncertainty, Econometric and Statistical Methods in Management
  • Data Collection and Data Estimation
  • Forecasting and Simulation at Macro- and Micro- levels
  • Business Administration and Business Economics
  • Firm Strategy and Market Performance
  • Company’s Aims, Organization, and Behavior
  • Personnel Management, Conflicts, Negotiations
  • Technological Changes Management and Economic Development Management
  • Industries Management
  • Structure and Scope of Government
  • International Institutional Arrangements, Contracts, Security, Conflicts

Starting January, 2017, Journal is open-access


LLC “СPС “Business Perspectives”
Hryhorii Skovoroda lane, 10, Sumy 40022, Ukraine
phone/fax: +38-0542-775771

Submission guidelines

Please send a soft copy of your paper as an MS Word .doc file (all versions accepted) and filled Cover letter form to the following e-mail:
Editorial Assistant: -


Open Access Statement

Journal is committed to full open access for scholarly publications. All articles are available to all users immediately upon publication of the issue.
Benefits of the open access are:increased citation and usage;rapid publication; faster impact with permissive licenses; copyright retention by the author.
Authors can choose either of Creative Commons licenses (CC-BY 4.0 or CC-BY-NC 4.0). Find detailed information in the Copyright section.



Irena Bakanauskiene

Professor, Head of Management Department, Faculty of Economics and Management, Vytautas Magnus University, Lithuania.

Nada Korac Kakabadse

Ph.D., Professor of Policy, Governance and Ethics and the Head of School, Marketing and Reputation at the Henley Business School, University of Reading, UK.

Anatoliy Kolot

Doctor of Economics, Professor, Vice-rector on scientific and pedagogical work of State Higher Education Institution “The Kyiv National Economic University named after Vadym Hetman”, member of Expert Board of Ministry of Education and Science of Ukraine.

Advising Editors

Donal A. Dineen

Professor, Dean of Kemmy Business School, University of Limerick, Ireland.

Jose Manuel Restrepo

Dr., Rector of CESA School of Business, Colombia.

Lorraine Watkins-Mathys

Dr., Head of School, School of Business & Management, Buckinghamshire New University, UK.

Editorial Board

Ruth Alas

Professor, Head of Management Department, Estonian Business School, Estonia.

Vittal S. Anantatmula

Ph.D., Dr., Professor of Project Management in the College of Business, Western Carolina University, USA.

H. Gin Chong

Ph.D., Dr., Professor of Accounting, Department of Accounting, Finance and MIS, College of Business, Prairie View A&M University, USA.

Christine Cooper

Professor, Ph.D., MSc, BA (Hons), Strathclyde University, UK.

Roy Damary

Ph.D., Professor, Head of Business Studies, Robert Kennedy University, Switzerland.

Massimo Franco

Professor in Organization and Management, Department of Economical, Social and Managerial Science, University of Molise (Unimol), Italy.

Józef Antoni Haber

Ph.D., Honorary Professor of Jean Monnet Project of the European Union; Honorary Professor of the Ukrainian Banking Academy; Member of Ukrainian Economic and Philosophic Scientific Association; Head of the International Relations Department, Poznan School of Banking, Faculty in Chorzow, Poland.

Andras Inotai

Dr., Research Professor, Institute for World Economics of the Hungarian Academy of Sciences, Hungary.

Muneesh Kumar

Ph.D., Professor, Head of Department of Financial Studies, University of Delhi, India.

Zigmas Lydeka

Dr., Professor, Rector of Vytautas Magnus University, Lithuania.

Kurt Matzler

Professor of Strategic Management, University of Innsbruck, Austria.

Ieva Meidutė-Kavaliauskienė

Associate Professor, Dr., Vice-dean, Faculty of Business Management, Vilnius Gediminas Technical University, Lithuania.

Grzegorz Michalski

Ph.D., Assistant Professor, Department of Corporate Finance and Value Management, Finance Management Institute, Faculty of Management, Computer Science and Finance, Wroclaw University of Economics, Poland.

Stephanie Newport

Professor of Management, College of Business, Austin Peay State University, USA.

Hiroshi Osano

Ph.D., Professor, Kyoto Institute of Economic Research, Kyoto University, Japan.

Sandip C. Patel

Ph.D., Associate Professor, Information Science and Systems Department, Graves School of Business Management, Morgan State University, Baltimore, Maryland, USA.

Steven E. Phelan

Dr., William G. Rohrer Professorial Chair in Entrepreneurship, Rowan University, USA.

Rajesh K. Pillania

Dr., Management Development Institute, Gurgaon, India.

Danica Purg

Professor, President of the IEDC-Bled School of Management, Slovenia.

T. Ramayah

Associate Professor, Technology Management Lab, Operations Management Section, School of Management, Universiti Sains Malaysia, Malaysia.

Mario A. Rivera

Ph.D., Regents' Professor, School of Public Administration, University of New Mexico, USA.

John J. Voyer

Professor of Business Administration, School of Business, University of Southern Maine, USA.

Robert A. Weigand

Professor of Finance and Brenneman Professor of Business Strategy, Washburn University School of Business, USA.

Alina M. Zapalska

Tenured Professor of Economics, Department of Management, U.S. Coast Guard Academy, USA.


Emel Aktas

Ph.D., Senior Lecturer at School of Management, Cranfield University, UK.

Muhammad Mahboob Ali

Ph.D., Professor of Finance, Economics and Management, Dhaka School of Economics, Bangladesh. Currently Visiting Professor of Joytirmoy Business School, India.

Yevhen Balatskyi

Ph.D., Associate Professor, Sumy State University, Ukraine.

Olena Bilovodska

Ph.D., Associate Professor of the Department of Marketing and Management of Innovative Activity, Sumy State University, Ukraine.

Ghassen Bouslama

Associate Professor of Finance, NEOMA Business School, France.

Meena Chavan

Ph.D., Senior Lecturer in Organization and Management studies, Macquarie University, Australia.

David Deakins

Prof., Honorary Researcher, Institute for Entrepreneurship and Enterprise Development, Lancaster University, UK.

Ahmed Y. Ebeid

Dr., Associate Professor, Faculty of Commerce, Mansoura University, Egypt.

Julia de Groote

Dr., Senior Research Assistant, Institute for Organization and HRM, Universität Bern, Switzerland.

Ola Honningdal Grytten

Dr., Professor, Norwegian School of Economics and Business Administration, Special Adviser in Norwegian Central Bank, Norway.

Iren Gyoker

Ph.D., Dr., Budapest University of Technology and Economics, Department of Management and Corporate Economics, Hungary.

Rudrarup Gupta

B.Com., MBA, Ph.D., Associate Professor, Commercial Manager, Multifarious Projects Group Kolkata, India.

Md. Mamun Habib

Ph.D., Associate Professor, Visiting Scholar at the School of Quantitative Sciences (SQS), Universiti Utara Malaysia (UUM), Malaysia.

Julius Horvath

Ph.D., Professor, Head of the Economics Department, Central European University, Hungary.

Sepideh Kaffash

Ph.D., Associate Professor, University of Massachusetts Boston (UMass Boston) college of Management, USA.

Armin J. Kammel

LL.M. (London), MBA (CLU) Ehrenprofessor (Donau-Universität Krems), Head of Legal and International Affairs, Associate Research Fellow at IALS, University of London, UK.

Natalia Kochubey

Professor of National Pedagogical Dragomanov University, Ukraine.

Tamas Koltai

Dr., Professor of Production and Operations Management, Department of Management and Corporate Economics, Budapest University of Technology and Economics, Hungary.

Ladislav Mura

Doc. Mgr. Ing., Ph.D., Associate Professor, Faculty of Economics, Selye Janos University, Komarno, Slovakia.

Olha Prokopenko

Ph.D., Professor at the Marketing and Entrepreneurship Department, University of Bielsko-Biala (Poland); Head of the Economic Theory Department, Sumy State University (Ukraine); Business Project Coordinator at Merrit Group (Poland).

Robert W. (Bill) Service

Ph.D., Professor of Management and Leadership, Brock School of Business Samford University, USA.

Hanna Shvindina

Ph.D., Deputy Chief of Department of Management, Associate Professor of the Department, Sumy State University, Ukraine.

Vlad Vaiman

Dr., Professor of International Management, School of Management, California Lutheran University, USA.

Alex Zaletov

Ph.D., Docent, Member of National Commission for the State Regulation of Financial Services Markets, Ukraine.

Online payment for publication (the amount below is the equivalent in ukrainian currency)

Guidelines for Editors and Reviewers

The Editorial Board consists of international experts in their respective fields. All members of the Board occupy high positions in educational and research institutions. The roles of the Editorial Board members are the following:

  • provide expertise in definite research field;
  • review submitted papers;
  • advise on journal policy and scope and participate in the journal development;
  • propose subject definition and conference choice for special issues. Also, editorial members may be guest editors of special issue;
  • promote the journal at conferences, seminars, workshops, and relevant public events
  • attract new potential authors;

Guest editors play a vital role in ensuring the quality of special content publications, such as Special Issues. Guest editors overlook the process, from proposal to publication.

The Editorial Board is reviewed every two years, which means exclusion of inactive members and addition of the new ones.

We appreciate applications from the editorial candidates. To submit an application, please send an e-mail to an editorial assistant of the selected journal and attach a file with your CV (containing the current place of work, occupation, education, the scope of your scientific interest, types of activity, list of publications, list of the journals in which you occupy the positions of an editor or a reviewer, e-mail for contact and a link to personal page at you university).

Duties of editors

We strongly recommend that Editors get acquainted with and follow COPE Code of Conduct and Best Practice Guidelines for Journal Editors.

The editors of the journal are responsible for deciding which of the articles submitted to the journal will be published. The editor may confer with the members of the Editorial Board in making this decision.

Fair play. The editors evaluate manuscripts without regard to the nature of the authors or the host institution including race, gender, religious belief, ethnic origin, citizenship, or political philosophy of the authors.

Confidentiality. The editors, members of the Editorial Boards, and any editorial staff must not disclose any information about a submitted manuscript to anyone except the authors of the paper, reviewers, potential reviewers, and the publisher, for appropriate reasons.

Disclosure. Unpublished materials disclosed in a submitted paper should not be used in the own research of the editors or the members of the Editorial Board without the express written consent of the author.

Duties of reviewers

We strongly recommend that all reviewers get acquainted with and follow COPE Ethical Guidelines for Peer Reviewers.

Confidentiality. Information regarding submitted manuscripts should be kept confidential during and after review process. Also, reviewers should not reveal any details about reviewing manuscript to anybody.

Standards of objectivity. Reviewers should be objective while conducting reviews. All the comments and recommendations should be supported with relevant arguments.

Disclosure. Unpublished materials disclosed in a submitted manuscript must not be used in a reviewer's own research without the express written consent of the author. Privileged information or ideas obtained through peer review must be kept confidential and not used for personal advantage.

Peer Review

Peer review plays a vital and critical role in the publication of scholarly articles through assessment of validity, quality and originality of submitted articles. It is considered to be the most effective and valid form of research evaluation to help select the highest quality articles for publication. Authors can receive the information regarding the peer-review stage of their manuscripts through editorial assistants.

Review process

Editorial staff transfers all submitted manuscripts to one of the Editors for initial evaluation in order to establish if the manuscript meets the editorial criteria. Initial evaluation includes assessment if the manuscript is suitable for the journal or special issue, authors’ qualification and background, and plagiarism levels. Papers that don’t meet these criteria, as well as obviously poor manuscripts, will be rejected without sending for further external review.

If the papers provide potential interest for readers and present importance to the scientists in the relevant field of the journal’s scope, Editors suggest external peer-reviewers (selection of peer-reviewers is based on expertise, reputation, specific recommendations and our own previous experience of a reviewer's characteristics). Alternatively, editorial staff will send manuscripts to qualified Editorial Board members or reviewers from our database.

All manuscripts are “double-blind” peer-reviewed, which means that reviewers do not possess any information about the authors’ identities and vice versa. If one of the editors submits the manuscript for publication in the journal, editorial staff transfers this manuscript to another Editor or one of the Editorial Board members without disclosing any information about the author.

After the manuscripts have been reviewed, Editors receive a Referee Report with point-by-point evaluation and comments. Based on the suitability of selected reviewers, adequacy of reviewer comments and overall scientific quality of the paper, Editors make one of the following decisions:

  • Publish unaltered
  • Consider after minor changes
  • Consider after major changes
  • Reject without further consideration

If the authors are required to revise the paper, they ought to provide revised manuscript along with Response to the Reviewers. All authors can receive Referee Report on demand without revealing the identity of the reviewer and appeal against editorial decisions by response to the referees with authors’ arguments and explanations. Articles may or may not be sent to reviewers after author revision, dependent on whether the reviewer requested to see the revised version and the wishes of the Editor.

Expectations from reviewers

During the peer-review process, report preparation, and after refereeing we expect from Editorial Board members and reviewers to:

  • respond in a reasonable time-frame, especially if reviewer can not perform the review, including intentional delay;
  • declare if they are not experts in the field the paper is relevant to;
  • declare any potentially conflicting or competing interests (which may, for example, be personal, financial, intellectual, professional, political or religious) and seek advice from the Editorial Board in this case;
  • decline to review if they feel unable to provide a fair and unbiased review or they are involved with any of the work in the manuscript or its reporting;
  • to provide honest and fair assessment of the strengths and weaknesses of the research and the manuscript;
  • send completed report form along with the reviewed manuscript;
  • be specific in their criticisms, and provide evidence with appropriate references to substantiate general statements to help editors in their evaluation and decision;
  • suggest additional research if it helps strengthen or extend the work;
  • ensure their comments and recommendations for the editor are consistent with their report for the authors;
  • any suggestions and comments must be based on valid academic or technological reasons;
  • continue to keep details of the manuscript and its review confidential during and after reviewing;

Conflicts of Interest

Conflicts of interest comprise those which may not be fully apparent and which may influence the judgment of author, reviewers, and editors. They have been described as those which, when revealed later, would make a reasonable reader feel misled or deceived. They may be personal, commercial, ideological, academic, or financial.

When authors submit a manuscript of any type or format they are responsible for disclosing all financial and personal relationships that might bias or be seen to bias their work. All authors that publish in our journals are obliged to declare conflicts of interest if there are any. Declared conflicts of interest will be considered by the editor and Conflict of Interest Statement will appear in our journals at the end of the published article.

Reviewers should not consider manuscripts in which they have conflicts of interest resulting from competitive, collaborative, or other relationships or connections with any of the authors, companies, or institutions connected to the papers. Reviewers should be objective and constructive, declare all potential conflicting interest, seeking advice from the editors if they are unsure whether something constitutes a relevant interest; do not allow their reviews to be influenced by the origins of a manuscript, by the nationality, religious or political beliefs, gender or other characteristics of the author, which could be implied in the manuscript.

Editors who make final decisions about manuscripts should not make editorial and publication decisions if they have conflicts of interest related to articles under consideration. Editorial staff must not use information received through working with manuscripts for private gain. Guest editors should follow these same procedures.

Research Misconduct Policies


LLC "CPC "Business Perspectives" uses Similarity Check service and all manuscripts that are being sent for an external peer review, are screened for originality with iThenticate software. By submitting their manuscripts to our journals authors are agreeing to any necessary originality checks the manuscript may have to undergo during the publication process.
Plagiarism implies the use another author's work without permission or acknowledgement. Plagiarism may have different forms from copying word by word to rewriting. While defining plagiarism the following definitions are taken into account:

Literal copying
Copying the work word by word, in general or in parts, without permission or acknowledgement of the source. Literal copying is clearly plagiarism and is easily detected by plagiarism software.

Substantial copying
Replicating substantial part of the work without permission and confirmation of the source. In determining what is "substantial", both the quantity and the quality of the copied content are relevant.
Quality is measured by relative value of copied text comparing to the whole text. Where the essence of the work was copied, even not very big part of it, plagiarism is identified.

Copying may be made without literal replicating, used in the original work. This type of copying is known as paraphrasing and it may be the most difficult type of plagiarism to reveal.
Plagiarism in all its forms is unacceptable and will lead to immediate rejection of the paper along with possible sanctions against authors.

Allegations about authorship of contributions

It is important that all authors are declared in the list of authors and are declared in the Cover letter form, sent along with a submitted paper.

To be considered the author, a person should be responsible for particular research aspect or preparation for work or make particular contribution to the concept, project, fulfillment, or research explanation, and it must be confirmed in the final work form.

Insignificant contribution may not be considered as an authorship. A person who provides insignificant contribution or appropriate data or other type of help may be considered as "contributor" by author/co-authors, and may be declared in the paper in acknowledgement section.

According to our policy, author/co-authors of submitted paper must fill in the Cover letter form to identify all participants, as well as confirm their consent to publish the paper.

Duplicate submission

Authors must present papers which are unique and must not be submitted to any other journal (except for some unusual circumstances and only with reviewer's approval). Sometimes authors may ignore this requirement, submitting the same document to several journals or submitting several documents on the basis of one and the same research. As in plagiarism duplicate submission may take different forms: literal copying, partial, but substantial copying or even paraphrased copying of the research. The publisher sticks to the policy which forbids publication of multiple papers on the basis of a single research. Infringement of this policy will result in immediate rejection along with possible sanctions against authors.

Citation manipulation

Submitted manuscripts that are found to include citations whose primary purpose is to increase the number of citations to a given author's work, or to articles published in a particular journal, will result in immediate rejection along with possible sanctions against authors.

Data falsification

If the falsified or fabricated data of experimental results (this also includes manipulation of images) will be found in the submitted paper, it will result in an immediate rejection along with possible sanctions against authors.

The following sanctions may be imposed in case of infringement of abovementioned policies:

  • Immediate rejection of the manuscript.
  •  Immediate rejection of every other manuscript submitted to any journal published by LLC "CPC "Business Perspectives".
  • Publication embargo against all authors of the manuscript (prohibition for any new submissions to any journal published by LLC "CPC "Business Perspectives"). The term of the embargo may vary, but the minimum is 24 months.
  • Prohibition against all of the authors from serving on the Editorial Board of any journal published by LLC "CPC "Business Perspectives".

Correction and Retraction Policy

All Business Perspectives journals have the same policy regarding corrections and retractions. We differentiate between addenda, errata, corrigenda, and retractions.

If significant information was unintentionally omitted by authors from the original publication, the original article can be amended through an Addendum reporting these previously omitted results. The Addendum will be published, with page numbers added, in the current issue of the journal. A hyperlink to the Addendum will also be added to the original publication.

An erratum will be used if a significant error has been introduced by us during the production of the journal article, including errors of omission such as failure to make factual proof corrections requested by authors within the deadline provided by the journal and within journal policy. A significant error is considered to be the one that affects the scholarly record, the scientific integrity of the article, the reputation of the authors, or of the journal. All errata are linked to the version of the article that they correct.

A corrigendum is a notification of a significant error made by the authors of the article. All corrigenda are approved by the editors of the journal. All corrigenda are linked to the version of the article that they correct.

Retraction will be issued by an editor upon several conditions: severe plagiarism, multiple publications, data fabrication, unreliable or faulty findings, and other harmful practices. In this case, Retraction notice will be published. This notice will include the title and authors of the article, the reason for the retraction and who is retracting the article. It will be published online with a link to the online version of the article. It will be published in the next print issue and included in the table of contents of that issue. Before publishing the notice of retraction, a signed statement by the authors should be sent to the editorial office.


This section contains information about articles which are already reviewed, accepted and waiting for publication in next issues of the journal.

Analysing the risk of entrepreneurship in tourist traffic

Roland Weiss, MSc., Ph.D., Associate Professor, Institute of Earth Resources, Faculty BERG, Technical University of Košice, Slovak Republic
Jozef Zuzik, MSc., Ph.D., Associate Professor, Institute of Earth Resources, Faculty BERG, Technical University of Košice, Slovak Republic
Erik Weiss, MSc., Ph.D., Associate Professor, Institute of Earth Resources, Faculty BERG, Technical University of Košice, Slovak Republic
Slavomír Labant, MSc., Ph.D., Associate Professor, Institute of Geodesy Cartography and GIS, Faculty BERG, Technical University of Košice, Slovak Republic
Marcela Gergeľová, MSc., Ph.D., Associate Professor, Institute of Geodesy Cartography and GIS, Faculty BERG, Technical University of Košice, Slovak Republic

Abstract. The contribution is aimed at developing a model of demand in tourist traffic with due regard to economic, geographical, demographical and social factors such as the GDP, consumer price index, prices of trips, revenues per capita, exchange rate etc. Important parts of this model are made up by the unpredictable negative situations that have already happened some time ago. The aim is to identify them and perform a follow-up analysis of the potential threats to a company involved in the tourist industry. Rated among those situations are terrorism, earthquakes and aviation accidents.

Reengineering and innovation potential in Slovak enterprises

Jaroslav Dugas, Ph.D., Department of Management, Faculty of Business Economics with seat in Košice, University of Economics in Bratislava, Slovak Republic
Július Kmec, Department of Management, Faculty of Business Economics with seat in Košice, University of Economics in Bratislava, Slovak Republic
Roman Kozel, Ph.D., Faculty of Mining and Geology, Institute of Economics and Control Systems, VŠB-Technical University of Ostrava, Czech Republic

Abstract. Reengineering is a term that has become widely popular in the marketing theory and practice worldwide in the recent years. The reengineering theory came to life in the US but has since quickly spread across western countries. Three major drivers have gradually formed as part of the reengineering theory that force companies in advanced market economies to make radical changes to their business processes. The key drivers are customers, competition and changes. Western companies began to intensively follow these new trends in the development of a business environment in early 1980s.
Many Slovak enterprises also found themselves in a situation that requires a radical reconstruction of their business processes. The main causes include: radically changed external environment in which businesses operate, associated with a transition from a centrally planned and controlled economy to a market economy; demise of traditional markets; other external and internal, specified and unspecified causes of a crisis of corporations.

ISO 9001 as a standard of quality management in Poland and Czech Republic: an analysis based on the global data

Roman Kozel, Ph.D., Faculty of Mining and Geology, Institute of Economics and Control Systems, VŠB-Technical University of Ostrava, Czech Republic
Katarzyna Hys, Ph.D., Faculty of Production Engineering and Logistics, Institute of Processes and Products Innovation, Opole University of Technology, Poland
Šárka Vilamová, Ph.D., Faculty of Mining and Geology, Institute of Economics and Control Systems, VŠB-Technical University of Ostrava, Czech Republic
Liliana Hawrysz, Ph.D., Department of Organization and Management, Faculty of Economy and Management, Opole University of Technology, Poland
Matej Hudák, Ph.D., Department of Quantitative Methods, Faculty of Business Economics with seat in Košice, University of Economics in Bratislava, Slovak Republic

Abstract. Although quality is a multidimensional concept – defined by numerous approaches to quality management (e.g. TQM, Kaizen, ISO 9001), strategies and operational activities – ISO 9001 standards are leading norms in Europe. Quality management has been adopted in Poland and the Czech Republic, which translates directly into a number of certificates issued by accredited certification units. The aim of the paper is to analyze the dynamics of issuing Quality Management System (QSM) certificates in Poland and the Czech Rep., certificates of compliance with ISO 9001 standard, in comparison to selected European countries and taking into account the situation in the world in this field. The study also identifies particular limitations such as the lack of data needed to conduct in-depth multi-criteria analyses.

Design of the integrated quality management model for increasing the strategic performance of enterprises in the automotive industry

Lenka Štofová, Ph.D., Department of Management, Faculty of Business Economics with seat in Košice, University of Economics in Bratislava, Slovak Republic
Petra Szaryszová, Ph.D., Department of Management, Faculty of Business Economics with seat in Košice, University of Economics in Bratislava, Slovak Republic
Šárka Vilamová, Ph.D., , Faculty of Mining and Geology, Institute of Economics and Control Systems, VŠB-Technical University of Ostrava, Czech Republic

Abstract. Most Slovak suppliers in the automotive industry network of producers expect that the industry attention will in future focus mainly on materials (innovation, quality, costs, alternative materials, reducing the weight of vehicles) resulting from the highly competitive and strategic aims of the EU in the automotive industry. The growth of global competition affects the demand for adapting production products and their shorter product life cycles, while forcing producing enterprises face complex problems in a rapidly changing business environment.
In the modern competitive business environment, design and management of supply chains is one of the most important and critical issues faced by managers and multinational companies operating worldwide in the rapidly changing operating conditions, where flexibility, i.e. ability to adapt to changes in the system environment is the most important strategic issue affecting business success.

Evaluation of companies by revenues methods in conditions of Slovakia

Jozef Zuzik, MSc., Ph.D., Associate Professor, Associate Professor, Faculty BERG, Institute of Earth Resources, Technical University of Košice, Slovak Republic
Roland Weiss, MSc., Ph.D., Associate Professor, Associate Professor, Faculty BERG, Institute of Earth Resources, Technical University of Košice, Slovak Republic
Erik Weiss, MSc., Ph.D., Associate Professor, Faculty BERG, Institute of Earth Resources, Technical University of Košice, Slovak Republic
Slavomír Labant, MSc., Ph.D., Associate Professor, Institute of Geodesy, Cartography and GIS, Faculty BERG, Technical University of Košice, Slovak Republic
Marcela Gergeľová, MSc., Ph.D., Associate Professor, Institute of Geodesy, Cartography and GIS, Faculty BERG, Technical University of Košice, Slovak Republic
Juraj Gašinec, MSc., Ph.D., Associate Professor, Institute of Geodesy, Cartography and GIS, Faculty BERG, Technical University of Košice, Slovak Republic
Ladislav Mixtaj, MSc., Ph.D., Associate Professor, Institute of Geodesy, Cartography and GIS, Faculty BERG, Technical University of Košice, Slovak Republic
Hana Staňková, MSc., Ph.D., Associate Professor, Faculty of Mining and Geology, Institute of Geodesy and Mine Surveying, VŠB-Technical University of Ostrava, Czech Republic
Pavel Černota, MSc., Ph.D., Associate Professor, Faculty of Mining and Geology, Institute of Geodesy and Mine Surveying, VŠB-Technical University of Ostrava, Czech Republic

Abstract. Evaluation of mining company is complex task. Several various methods can be used for estimation of mining company value, but some of them are not usable. The reason is specific character of mining industry. Except of risks, connected with financing of mining projects, existence of individual raw materials, there is also certain cyclicality of price, changes in costs structure, stock exchange aspects and considerable volatility. This is marked during value determination due to the probability of analyzed indexes development.
Goal of the contribution is to find out which methods are proper for evaluation of mining companies and to explain, why such companies are evaluated by these methods.

Job motivation and management implications: a case of teachers in Nigeria

Chux Gervase Iwu, Ph.D., Professor, Faculty of Business and Management Sciences, Cape Peninsula University of Technology, South Africa
Ikechukwu O. Ezeuduji, Ph.D., Senior Lecturer, Department of Recreation and Tourism, University of Zululand, South Africa
Ita Chimezie Iwu, Consultant/Researcher, Education Management, Ibadan, Nigeria
Kenechukwu Ikebuaku, Research Student, Faculty of Economic and Management Sciences, University of the Western Cape, South Africa
Robertson K. Tengeh, Ph.D., Senior Lecturer, Faculty of Business and Management Sciences, Cape Peninsula University of Technology, South Africa

Abstract. This paper sought to ascertain those job characteristics that influence teacher motivation which result in improved pass rates in Ibadan South-West Local Government, Nigeria. Descriptive, bivariate, and multivariate statistical analytic methods were employed to check for relationships between job characteristics and obstacles to teaching and learning, on the one hand; and respondents’ profile, on the other hand. Four hundred and fifty-six teachers were surveyed with the aid of a structured questionnaire. It is interesting to note that while the teachers surveyed were relatively young (87%) and females dominated, their level of experiences (6-10 years) cannot be discounted -a necessary ingredient for optimal performance. The results suggest that while pay, growth opportunities, and duties and responsibilities respectively, take central stage in motivating the participants, other job characteristics variables such as supervision/leadership do not exert the same effect. Furthermore the results also show that lack of resources related to learning and research, and lack of recognition/reward are deemed the dominant obstacles in meeting teaching and learning goals, with non-transparent culture being viewed as an insignificant obstacle. A major implication of the findings is that to achieve a sustainable improvement in student performance, a systematic improvement in teachers’ job related factors would be needed.

Globalization and marketing strategy implications: a case study of Zimbabwe’s clothing and textile sector

Africa Makasi, University of KwaZulu-Natal, South Africa
Krishna Govender, University of KwaZulu-Natal, South Africa

Abstract. This article provides a new perspective on sustainable marketing strategies in the context of a globalized clothing and textile (C&T) sector in Zimbabwe, by linking two diverse streams of literature namely globalization and marketing strategy. A quantitative approach was adopted to obtain data from 127 respondents, using a two-stage cluster sample. Structural Equation Modeling (SEM) confirmed three of the four hypothesized relationships, namely, that integrated co-alliances, modern technology and national policy, impact the sustainability of the clothing and textile sector in Zimbabwe. The adoption of a standardized marketing strategy characterized by uniform application of the marketing mix elements with minor modifications, will have a significant impact on the capacity of the C&T sector to withstand the adverse effects of globalization. The research extends the body of existing knowledge on marketing strategy in the context of globalization of Zimbabwe’s C&T sector, and argues empirically for a new approach to developing and implementing competitive marketing strategies. The research findings will enable companies in the C&T sector of a developing economy to craft competitive marketing strategies which incorporate internal company capabilities and technology, and also recognize the role of national policy in the globalization discourse.

Ukraine-EU cooperation for realization of innovative projects and programs aimed at public financial management modernization

Liubov Lysiak, Doctor of Science (Economics), Professor, University of customs and finance, Head of Department of Finance, Ukraine
Svitlana Kachula, PhD, University of customs and finance, Department of Finance, Ukraine
Veronika Kulichenko, Ph.D. Student, Department of Finance, University of customs and finance, Ukraine

Abstract. At the present stage of economic development Ukrainian public sector is faced with multiple new and complex challenges. In order to implement strategic reforms in the Public Financial Management the public authorities were given the opportunity to use of external sources of finance for the implementation of relevant innovative projects and programs. Accordingly, Ukraine assumes certain international obligations towards the organizational and institutional aspects, as well as transparent and effective targeted use of financial resources. This study examined the main issues of projects and programs at each stage of the Project Cycle Management. The main purpose of this paper is to find possibly the best basic areas for further cooperation between Ukraine and the EU on the implementation of project management in the context of the need to modernize the budget management system.
Methodological and theoretical basis of the research consists of the works of foreign and national scholars that allowed realizing conceptual integrity of the study. Methods of generalization and comparison allowed to adduce the existing projects of modernization of public financial management, financed by international organizations. The authors have defined the possible forms of financing of government innovative projects and programs in Ukraine. For this purpose, methods of analysis and synthesis were used.
As a result it is recommended to follow the directions of further cooperation between Ukraine and the EU on the development of project management along with performance-based budgeting.

A qualitative inquiry on the influence of perceived social risk on apparel brand choice: evidence from female Generation Y undergraduate student consumers in Southern Gauteng, South Africa

Eugine Tafadzwa Maziriri, Ph.D. Candidate, Marketing Division, Faculty of Commerce, Law and Management, University of the Witwatersrand, Johannesburg, South Africa 
Nkosiville Welcome Madinga, Ph.D. Candidate, Department of Marketing management, Nelson Mandela Metropolitan University, Port Elizabeth, South Africa
Thobekani Lose, Ph.D. Candidate, Department of Logistics, Vaal University of Technology, Vanderbijlpark, South Africa

Abstract. As consumers have become more refined with regards to the marketing arena, it is important for fashion retailers and brand managers to try and gain some understanding of how consumers collect and review information, which ultimately affects their brand choice. This study complements the growing body of literature by examining perceived social risk and its influence on apparel brand choice among young female undergraduate student consumers, as literature shows that public-ally consumed products are the ones with a high level of social risk. A qualitative methodology was used to conduct this study. The research instruments that were used to conduct this study are semi-structured interviews and focus groups. The analysis of the qualitative data was conducted through the use of thematic analysis. The results also showed that most undergraduate female students experience anxiousness, social influence, peer pressure and they pay attention to the advice of significant others in their social network when choosing apparel brands. Recommendations were made for fashion retailers and brand managers on how to manage perceived social risk in order to retain female undergraduate student consumers. Lastly future research directions were clearly articulated.

Quality management in the South African police service: a case of selected community service centres in the Western Cape, South Africa

Nicolette Daniels, Master of Technology: Public Management Graduate, Department of Public Administration and Governance, Cape Peninsula University of Technology, Cape Town, South Africa
Rozenda Hendrickse, Associate Professor, Department of Public Administration and Governance, Cape Peninsula University of Technology, Cape Town, South Africa

Abstract. Quality management systems in public organisations influence the quality of service delivery outputs. The purpose of the study was to determine if quality service was delivered at selected police stations in the Western Cape, South Africa. Quality service delivery by Community Service Centres (CSC) of the South African Police Service (SAPS) is dependent on quality management practices. As a consequence, the researcher felt it necessary to conduct a study to understand how the state's service delivery systems were implemented in a government department, and how management factors impacted on service delivery to the public in general. A mixed-method research approach was employed to gather data for the study. The data collection tools took the form of a survey questionnaire and in-depth interviews. The research participants consisted of a sample of 304 (n = 304) clients who frequented the 3 case study police stations, purposely selected managers of the 3 police stations; and their provincial senior situated in the Western Cape Metropolis. Some of the main findings indicated that clients were satisfied with the level of service they received from SAPS. However, the main area of concern was the absence of service delivery initatives conducted at the 3 police stations. Police managers indicated that top management recognised the importance of quality, and that quality service had to be provided in order to satisify clients. SAPS management have systems in place to address shortcomings, but needed to specifically address the problem of service delivery initiatives. The study contributes to the literature and knowledge on quality management in general, and service delivery of at the 3 selected police stations, in particular.

The risk management practices in the manufacturing SMEs in Cape Town

Mamorena Lucia Matsoso, Cape Peninsula, University of Technology, Cape Town Campus, South Africa
Clinton Mbuyiselo Sifumba, Cape Peninsula, University of Technology, Cape Town Campus, South Africa
Kevin Boitshoko Mothibi, Cape Peninsula, University of Technology, Cape Town Campus, South Africa
Anthony Ezeonwuka, Cape Peninsula, University of Technology, Cape Town Campus, South Africa
Siphesande Qeke, Cape Peninsula, University of Technology, Cape Town Campus, South Africa

Abstract. Risk management is one of the prominent issues which are pivotal to the success of a business and may adversely affect profitability if not properly practised. Therefore the main objective of this paper was to determine risk management practices in manufacturing SMEs in Cape Town. The research conducted was quantitative in nature and constituted the collection of data from 74 SME leaders, all of whom had to adhere to a list of strict delineation criteria. All data collected was thoroughly analysed through means of descriptive statistics. From the findings made, it is clear that SMEs in the manufacturing sector do in fact understand risk management initiatives applicable to ‘manage' their respective businesses towards sustainability, but not to an extensive extent. It was found that respondents are unaware of the elements which make risk management effective, which ultimately aids to the development of problems for SMEs. All employees, managers and owners must coordinate their efforts together to identify and manage organisational risks within their ambit to obtain total risk coverage, as well as provide assurance that these risks are effectively managed from a coordinated approach. Further studies may be carried out to identify measures that can be taken to improve the effectiveness of risk-management practices in SMEs.

Understanding the role of ethics in governance and compliance in public institutions: perspectives of UN and AU employees in selected African states

E. Shindikaa, University of Fort Hare, South Africa
R. Thakhathib, University of Fort Hare, South Africa
P. Chetenic, University of Fort Hare, South Africa

Abstract. The focus of this inquiry was to explore the understanding and application of ethics as a tool of good governance in public institutions in Africa. This was done through individual narratives about how working for renowned institutions on a daily to day basis influences understanding and application. The study applied an inductive and qualitative approach in order to explore how the AU and UN ethics systems influence governance for member states and employees. Findings from the study pointed that the AU and UN systems have loopholes in dealing with issues of governance and ethics, with the main problem reportedly that of enforcing and monitoring otherwise sound policy and guidelines set by the two organisations.

Challenges faced by entrepreneurs in the Gauteng Province of South Africa: survival is the fittest

Elizabeth Chinomona, Ph.D., Logistics Department, Faculty of Management Sciences, Vaal University of Technology, Vanderbijilpack, South Africa
Eugine Tafadzwa Maziriri, Ph.D. Candidate, Marketing Division, Faculty of Commerce, Law and Management, University of the Witwatersrand, Johannesburg, South Africa

Abstract. Entrepreneurship is considered as one of the most imperative elements contributing to the economic development of the society. Entrepreneurs have been considered instrumental in driving innovation and speeding up structural changes in the economy. However in many developing countries around the world entrepreneurs are confronted with a number of challenges that obstruct them in their business operations. This study aims to investigate the challenges faced by entrepreneurs within the Gauteng province of South Africa. Identifying the challenges that are faced by entrepreneurs can help to improve the low total early stage entrepreneurial activity rate of South Africa and also policy-makers can take several steps to develop and implement strategies to promote sustainable entrepreneurship in South Africa. Using a qualitative research method, the challenges that were identified include lack of finance and lack of education. Recommendations were made for policy makers to curb the challenges being faced by the entrepreneurs and future research directions are clearly articulated.

The influence that trust, communication and commitment have on ethical behaviour in universities: a case of South Africa

Babatunde Adedeji Popoola, Vaal University of Technology, Vanderbijilpack, South Africa
Elizabeth Chinomona, Ph.D., Logistics Department, Faculty of Management Sciences, Vaal University of Technology, Vanderbijilpack, South Africa

Abstract. This study examines the influence of trust, communication and commitment have on ethical behaviour in universities in the Gauteng province of South Africa which is within in an African context that has not been extensively researched by researchers. Three hypotheses are posited and in order to empirically test them, a sample data set of 450 was collected from universities in the Gauteng province of South Africa. SPSS 24.0 and Amos 24.0 were used to analyse the data. The results indicate that trust, communication and commitment positively influences ethical behaviour in universities in a significant way. Drawing from the study's findings, managerial implications are discussed and limitations and future research directions are suggested. By and large, this study immensely contributes new knowledge to the existing body of ethical behaviour literature in Africa - a context that is often most neglected by some researchers in developing countries.

Determinants of viability in emerging mining companies in the Witbank region of South Africa

Zeleke Worku, Tshwane University of Technology (TUT) Business School, South Africa

Abstract. The purpose of study was to identify socioeconomic factors that affect viability in emerging mines operating in the Witbank region of Mpumalanga Province in South Africa. The study was conducted by gathering data from a stratified random sample of n=120 respondents who had accumulated several years of experience mineral processing in the Witbank region. The perception of respondents on the viability of companies was measured by using a composite index defined by LeBrasseur, Zanibbi & Zinger (2003). Data was gathered by using a pretested, validated and structured questionnaire of study from each of the n=120 respondents of study. Data was gathered on 24 socioeconomic variables that are known to affect overall productivity and viability in emerging mines that operate in the Witbank region. Quantitative data analysis was done by using methods such as frequency tables, cross-tab analyses and binary logistic regression analysis. Results obtained from the study showed that profitability in emerging mines was significantly and adversely affected by high cost of transportation, low demand for mineral products and lack of entrepreneurial skills in a decreasing order of strength.

Impact on poverty and income inequality in Malaysia's economic growth

Rabiul Islam, School of International Studies, College of Law, Government, and International Studies, University Utara Malaysia, Malaysia
Ahmad Bashawir Abdul Ghani, School of International Studies, College of Law, Government, and International Studies, University Utara Malaysia, Malaysia
Bobby Kusuma, School of International Studies, College of Law, Government, and International Studies, University Utara Malaysia, Malaysia
Jeya Malar Rayaiappan, School of International Studies, College of Law, Government, and International Studies, University Utara Malaysia, Malaysia

Abstract. Poverty and income inequality are extreme issues that still exists in Malaysia. Any rise in poverty and income inequality definitely affect economic growth. There are many great efforts have been taken by the government of Malaysia to eradicate poverty and to reduce the gap of income inequality which occurs since 1970's. The incidence of poverty and income inequality is higher in rural areas compared to urban areas. This paper is mainly to study the level of poverty and income inequality in Malaysia together with government intervention to develop Malaysia's economic growth. The research is focused among the working peoples at Ipoh, Perak. In this paper, questionnaire forms are being distributed to get information regarding the issue of poverty and income inequality. It also looks into the strategies taken by the government of Malaysia to eradicate poverty and income inequality. Few recommendations are given in terms of education policy, financial aid and assistance from government and non-government organization (NGO) to upgrade the standard and quality of living among the poor and lower-income group of people.

The place and perspectives of Ukraine in international integration space

Vitalina Babenko, Doctor of Economics, Ph.D., Head of Economic Theory Department, V.N. Karazin Kharkiv National Univercity, Ukraine
Maryna Pasmor, Lecturer of International Economy Department, V.N. Karazin Kharkiv National Univercity, Ukraine
Juliia Pankova, Lecturer of International Economy Department, V.N. Karazin Kharkiv National Univercity, Ukraine
Mykhailo Sidorov, Ph.D. Candidate of International Economy Department, V.N. Karazin Kharkiv National Univercity, Ukraine

Abstract. The resulting indexes for integration processes state development analysis were formed. The integral indexes illustrating integration state were calculated on the basis of member countries of BRICS and Ukraine. It provided the possibility to evaluate socioeconomic state of the countries from the point of international integration and develop integration processes development scenarios. The strategic directions of integration processes development for Ukraine and member countries of BRICS were formed.

Factors affecting employee turnover and sound retention strategies in the business organization: a conceptual view

Chowdhury Abdullah Al Mamun, Assistant Professor, University of Information Technology & Sciences, Bangladesh
Md. Nazmul Hasan, Associate Professor, University of Information Technology & Sciences, Bangladesh

Abstract. "Employee turnover" as an expression is broadly used in the business organizations. Despite the fact that several studies have been performed on this topic, little research has been conducted on examining the causes and leading factors of turnover as well as advising some feasible approaches which can be applied by bosses to ensure that employees will continue in their respective organizations to enhance organizational effectiveness and productivity. The main purpose of this study is to determine the reasons and key factors in the perspectives of the relevant literature and identify to the intention of employee turnover. This conceptual paper also suggests various possible strategies on how to minimize the turnover and retain employees in the organizations. Hence, the paper has proposed a conceptual framework that shows the major variables in explaining the phenomenon of employee turnover and addressing sound retention strategies to handle these issues.

Transformational leadership and change readiness and a moderating role of perceived bureaucratic structure: an empirical investigation

Badri Abbasi, Department of Business Management, Rasht Branch, Islamic Azad University, Rasht, Iran

Abstract. The purpose of this study was to examine the relationship between transformational leadership and change readiness through perceived bureaucratic structure among government employees in Rasht. The methodology used was applied descriptive method using questionnaire to collect data. The studied population consisted of 600 employees from three state organizations including Municipality, Gilan Tax Department and Gilan Justice Court. According to Morgan table, the sample size was estimated at 234. This study examined six hypotheses which were tested using multiple regression method. The results showed that transformational leadership had a positive direct effect on employee change readiness and its dimensions. However, substitution of the bureaucratic structure in the model eliminated the effect. Finally, the hypothesis on the effect of transformational leadership on change readiness through perceived bureaucratic structure was rejected.

The effect of UTAUT2 moderator factors on citizens' intention to adopt e-Government: the case of two SADC countries

Willard Munyoka, M.Sc., BSc (Hons), PGDHE, PGCHE, Lecturer, Department of Business Information Systems, University of Venda, South Africa, Ph.D. Student, University of KwaZulu-Natal, South Africa
Manoj Maharaj, Ph.D., M.Sc., BSc (Hons), Professor, School of Management, IT & Governance, University of KwaZulu-Natal, Durban, South Africa

Abstract. E-government is widely believed to play a significant role in improving the public service delivery system in developing countries. Yet, its adoption and utilization amongst citizens remain a subject of concern amongst government policy makers. This study aims to investigate moderating factors that influence citizens' decisions to adopt and utilize e-government services in the SADC region. The study adopts the extended UTAUT2 model as a theoretical underpinning, backed by recent literature on e-government adoption to advance and test an E-Government Adoption model. Empirical quantitative data for validating the proposed model was collected from 247 participants using self-administered questionnaires.
In analyzing the empirical data, five moderating demographic factors affecting citizens' behavioral intention to adopt e-government services were tested and confirmed. The study found that only four moderating factors (age, level of education, the location of residence, and vernacular language) positively influenced citizens' intention to adopt e-government. The study concludes by drawing attention to insights on moderating factors affecting e-government adoption, thereby casting more light to success factors and gray areas for failed adoption.

Neo-liberalization: the impact of Chinese exports on South Africa's socio-political economy

Samuel Augustine Umezurike, Dr., Faculty of Commerce, Administration and Law, University of Zululand, South Africa
Chux Gervase Iwu, Professor, Faculty of Business and Management Sciences, Cape Peninsula University of Technology, South Africa
Lawrence Ogechukwu Obokoh, Professor, Faculty of Business and Management Sciences, Cape Peninsula University of Technology, South Africa
Chinelo Augustine Umezurike, Department of economics, Faculty of Commerce, Administration, and Law, University of Zululand, South Africa

Abstract. On gaining independence, one of the first steps it took was to open its doors to various socio-economic dynamics. It is fair to say therefore that South Africa's neo-liberal approach was necessitated by the nation's desire to diversify its economy in multiple sectors and therefore permit foreign direct investment into the country. To most researchers, this has resulted in near deindustrialization leading to gross job losses and reduced standards of living. Essentially, this paper, relying on realist theory, delves into one of the issues i.e. the demise of the manufacturing sector in South Africa to deliver the poignant explanation pertaining to South Africa's sociopolitical economy. We find that the presence of China's finished products in South Africa's market has emboldened and continues to debilitate its manufacturing industry. A major concern is that South Africa's attempts to soften this effect on its manufacturing sector through its protectionist policy - precisely the application of the quota system on imported goods - will not go too far considering the limitations placed on South Africa by virtue of its membership of organisations such as WTO and BRICS.

The relevance of Relationship marketing model for hair salon's competitiveness: a theoretical perspective

EO Amoakoh, Department of Business Management, Faculty of Management Sciences, Central university of Technology, Free State, South Africa
MN Naong, Department of Business Management, Faculty of Management Sciences, Central university of Technology, Free State, South Africa

Abstract. Relationship marketing (RM) concept seems best understood and embraced more by big business, while amongst myriad of small businesses seem less prominent. This paper explores the need for RM as a determinant to hair salon's competitiveness and growth. Hair industry in SA is declared a multi-billion dollar industry, their stagnation prompted this study. This paper contends that relationship building with customers has a profound effect on the inclination of a customer to return to the business. With the key variables of the relationship marketing model as the main determinants, namely service quality, customer satisfaction and customer retention. Increased practice of RM within this industry will enable owners to embrace entrepreneurial activities imperative for competitiveness, value creation and sustainability.

Not dead yet: the rise, fall and persistence of the BCG Matrix

Dag Øivind Madsen, Norway

Abstract. The BCG Matrix was introduced almost 50 years ago, and is today considered one of the most iconic strategic planning techniques. This paper examines the historical rise, fall and persistence of the BCG Matrix using management fashion theory as a theoretical lens. The analysis highlights the role played by fashion-setting actors (e.g. consultants, business schools and business media) in the rise of the BCG Matrix. However, over time, portfolio planning models such as the BCG Matrix were attacked and discredited by a host of different actors, and gradually fell out of favor. Even though the BCG Matrix has fallen from grace, it is still alive and has left an imprint on management education and practice. Despite being largely discredited in academic circles, many practitioners still view it as an important corporate portfolio planning technique.

Economic conditions of functioning and accounting of development asymmetry of transport services markets of Ukraine

Ilchenko S.V., Doctor of Economics, Senior science worker, Leading science worker of Institute of market problems and economy and ecological researches of NAS of Ukraine, Ukraine

Abstract. The achievement of desired level of efficiency of the stock and services markets functioning is possible under the equation conditions of these processes in global scale. The attention in the paper is accentuated on the worldwide tendencies of stock and services market development, on disproportionality of their development. The relation of received results with the character of economic system functioning and its functioning with the sphere of transport is determined. The relevance of world economic system development for Ukraine is considered, the rate of including transport into global processes. The need of asymmetry accounting in the rate of goods and transport services markets development in international and national scales is defined, the level of deviation from symmetry state is evaluated. The need in elimination of disproportions is proved depending on the level and type of considered asymmetry and taking into account world-wide tendencies.

Network tie structure causing OSS group innovation and growth

Stefan Kambiz Behfar, Researcher, France
Ekaterina Turkina, Associate Professor, Department of International Business, HEC Montreal, Canada
Thierry Burger-Helmchen, Professor of Management, University of Strasbourg, France

Abstract. Open Source Software (OSS) development as an inexpensive process to develop software threatens proprietary software business strategies. Providing business strategy to benefit from volunteer developers for the purpose of contributing to existing projects as well as initiating new OSS projects is of outmost significance for companies in that industry. Therefore, it is important to figure out how groups of volunteer developers are formed as new developers join existing projects, and it is even more important to investigate what causes these developers to initiate new projects. We investigate network structure as a causal factor for both new project initiation within a group (representing group innovation) as well as new developers joining existing projects within a group (representing group growth). We develop four hypotheses: 1) Intra-group coupling has a positive impact on group growth, 2) Inter-group coupling has positive impact on group innovation, 3) Inter-group structural hole has a positive impact on group innovation, 4) there is a trade-off between the effects of inter-group structural hole and inter-group coupling on group innovation. We test these four hypotheses using data from OSS. Developers contributing to project tasks in groups other than their own can explore novel ideas for new project creation, because they can benefit from sharing knowledge whereas developers contributing to project tasks inside their own group exploit ideas to improve those existing projects with better inside-group search possibility; and this demands more developers to join those group projects.

Systemic value creation in knowledge organizations: aspects of a theory

Daniel Adriaenssen, Norway
Dagny Johannessen, Norway
Helene Sætersdal, Norway
Jon-Arild Johannessen, Norway

Abstract. The phenomenon under investigation is the transition from an industrial society to a society that is based to a larger extent on knowledge resources. The question we are investigating is: What are the key value creation processes in a knowledge-based organization? The objective of the article is to understand and explain the social mechanisms that influence the development of knowledge-based organizations. The method used is conceptual generalization. The findings are linked to a new emphasis on information structure (infostructure), and a new way of organizing (front line focus), the modulization of work processes, and global competence clusters.

Influence of the minimum salary level increase on the business entities activity in the context of the transition to the sustainable development

Leonid Melnyk, D. Sc. (Economy), Professor, Head of Economics and Business Administration Department of Sumy State University, Ukraine
Leonid Taraniuk, D. Sc. (Economy), Professor, Ass. Prof of Economics and Business Administration Department of Sumy State University, Ukraine
Olga Kozmenko, Dr., Professor of Department of Finance, Kharkiv National University of Economics, Ukraine
Lina Sineviciene, Dr. in Economics, Lecturer of Department of Finance, School of Economics and Business, Kaunas University of Technology, Lithuania

Abstract. In the context of transition to the sustainable development actually justified and economically balanced managerial decisions are worth to be introduced into activity of the business entities. First of all it is connected with the formation of the social standards by the Ukrainian government. Establishment of the minimum salary for the employees of the national-economic complex of the country is one of the main components of these standards. This indicator influences both on the increase of the population's social welfare provision level and on the economy of the economic entities, including business representatives. Research was conducted in Ukraine. The main trends of the social welfare provision of the business sector entities, accounting the experience of Hungary and Russia, were analyzed in this article. The main rules of the effective social welfare provision, accounting the necessities of the business environment, were formed. Economical analysis of the retrospective and predictive information about the payroll payment and payment of social contributions was made. The influence of the increase of the minimum salary on the activity of business entities, taking into account raised minimum salary, was analyzed. The regressive model of the payroll budget dependence, accounting minimum salary and social contributions' level increase, was designed. Obtained calculation results showed high level of tax burden on the business sector entities, so, organization-economic measures of tax burden decrease on the business entities were offered. They took into account minimum salary growth for their employees in the context of the transition to the sustainable development. Recommendations concerning the further scientific researches on the topic of the article were offered.

The evaluation of human computer interface design of learning management systems: problems and perspectives

Wanjiru Gachie, Ph.D., Lecturer, University of KwaZulu-Natal, South Africa
Desmond Wesley Govender, Ph.D., Associate Professor, University of KwaZulu-Natal, South Africa

Abstract. With increasing demand for integrating learning management systems (LMS) into teaching and learning, a well-designed LMS is crucial. User interface evaluation has become a critical quality of interactive LMS intended to meet the requirements of users. This article investigates the effect of the interaction on the user and assesses the extent of system functionality. It further seeks to evaluate the interface's success within the framework of fundamental human computer interface principles under a constructivist learning approach. Using an LMS assumes that when learners are engaged in a social learning context they actively construct knowledge; therefore, the resource is considered a tool to support learning and not an end in itself. The research investigates use of the LMS by two sets of users: staff members (module creators) and learners (module consumers), using semi-structured questionnaires and interviews. The research indicates that use of an LMS supports collaborative and authentic activities in learning, serving as an intrinsic motivation to most users. Some problems/concerns that were highlighted included; Attention should be given to the tools and elements that should be added to the system, for example the image management tools; some users expressed the desire for more autonomy in terms of the peer review window; It is also recommended that the use of graphics should have a purpose that is either purely functional or contributes more subtly to the page content. Finally, there were requests for more customisation of the themes, colours and icons in the design of LMS.

Factors affecting job satisfaction of academic employees in the institutions of higher learning

Mateko Edith Moloantoa, Durban University of Technology, South Africa
Nirmala Dorasamy, Durban University of Technology, South Africa

Abstract. This paper intends to analyse various factors affecting job satisfaction of academic employees, with specific reference to the National University of Lesotho (NUL). It has been noticed that for the universities to perform well it is essential for them to have clear understanding of these factors as how they affect academic performance. This will help universities such as university of Lesotho to improve their administration and be able to attract well qualified academics into the universities. The survey have identified job satisfaction of academic employees at the National University of Lesotho by working conditions, relationship with colleagues, access to resources, job security, recognition and advancement. The sample consisted of 156 respondents, who were selected using the Supercool Random Generator Software and were required to complete a questionnaire, with an interviewer present to assist. Respondents were asked to complete a 5-point Likert scale questionnaire. A mixed approach of both quantitative and qualitative techniques was used, while the analysis of primary data was done using SPSS, version 22.0. The results were presented by figures from Microsoft Excel and gross tabulation tables. The findings of the study indicated that there was a positive significance to the NUL academic staff regarding salaries, as a factor influencing their job satisfaction. The results also indicated that there are insufficient financial resources to support teaching, learning and research at the NUL. However, the results further revealed that, besides all the dissatisfaction shown by academics, in terms of aspects, such as benefits, allowances, lack of equipment, as well as poor institutional management, there were good relations between departments, and they work as a team. Therefore, the findings from this study can assist university administrators and academics to increase the job satisfaction levels of employees.

Effect of similar-to-me effect on job satisfaction and organizational trust

Ardashir Zahed, Department of Management, Ardabil Science and Research Branch, Islamic Azad University, Ardabil, Iran
Farzad Sattari Ardabili, Department of Management, Ardabil Science and Research Branch, Islamic Azad University, Ardabil, Iran

Abstract. The present study intended to investigate the effect of managers' similarto-me bias on the job satisfaction and organizational trust between public organizations staff. The current study is a descriptive-correlational applied research with quantitative data collection (Questionnaire). The results of structural equation modeling analyses conducted for 80 employees at Public Organizations organization in Ardabil, Iran offered strong support for the proposed model. The results indicated that there was a statistically significant relationship between similar-to-me effect and job satisfaction; furthermore, organizational trust mediated the relationship between similar-to-me effect and job satisfaction. It is worth noting that there was a positive relationship between organizational trust and job satisfaction.

Analysis of job search methods and socio- demographic profile of youth in Vhembe district of the Limpopo province, South Africa

MA Dagume, Dr., Department of Economics, University of Venda, South Africa

Abstract. The continuously unabated high unemployment rate confronting South Africa, in particular among the youth, continues to be a cause of concern for all stakeholders including academic researchers dealing with labour market issues. As a contribution to efforts at finding solution to the unemployment challenge, the study sought to investigate the extent to which socio-demographic factors influence the job search methods used by unemployed youth using data on a sample of 580 randomly and systematically selected youth from four local municipalities in the Vhembe District of the Limpopo Province, South Africa. A multinomial logistic regression model was used to investigate how socio-demographic characteristics impact on the methods used by the unemployed youth in their job search. Results from the multinomial logistic model found that only education had any bearing on the employment search method adopted, with the youth with secondary education and below found to be more likely to search for employment at work site as opposed to using the method of direct application and were also less likely to respond to adverts in the media, compared to their counterparts with tertiary education. From an economic policy perspective, the analysis of search methods may suggest ways to improve the matching of employees with jobs. Companies that search people know more about the job search behaviour of people and can place their vacancies on the right channel.

Generation Y smartphone purchase evaluations

Nkosivile Welcome Madinga, AAA School of Advertising, Department of Integrated Marketing Communication, Faculty of Marketing, Cape Town Campus, South Africa
Hilda Bongazana Dondolo, Department of Integrated Communication, Faculty of Humanities, Tshwane University of Technology, South Africa

Abstract. Individuals in both developed and developing countries have access to mobile phones making Africa the second largest mobile phone market in the entire world. The growth is visible in South Africa as well with the number of people owning cellphones increasing by 20 percent between 2005 and 2009. In South Africa, 91.1 percent of mobile phone consumers own smartphones. The population group that buy the most smartphones are those between the ages of 15 and 24 years old, referred to as Generation Y. This study reports a qualitative exploration of factors considered by Generation Y consumers when buying smartphones. The study made use of a qualitative research paradigm. Focus group interviews were selected as the method of data collection. Focus group members ranged from seven to 10. A total of 81 (N=81) South African Generation Y were interviewed. The interviews were audio recorded, transcribed verbatim and analyzed using the framework method to identify key themes. Four themes emerged namely, quality, social influence, status symbol, and technical features. These were identified as important factors respondents of this study consider when purchasing smartphones. Recommendations were made. Lastly, future research directions are presented.

The benefits of good corporate governance to Small Medium Enterprises (SMEs) in South Africa: A view on top 20 and bottom 20 JSE listed companies

Radebe M. Sarah, Department of Entrepreneurship, Supply Chain, Transport and Tourism. College of Economic and Management Sciences, University of South Africa, South Africa

Abstract. Good corporate governance has been attributed to many large organisations ‘success. From the boardroom to the triple bottom line, it has been hailed as one powerful tool that brought about sustainability of these organisations in this competitive era. While this is beneficial to large organisations, Small Medium Enterprises (SMEs) can glean on such experiences to add their value to their companies which in a long run could bring about new markets and improved business practices which can be ground breaking in their daily business dealings. Thus, if with the introduction of the King Report on good governance, competitive advantage is improved, SMEs are in a good position to sustain their businesses in turbulent economic conditions. This article aimed at exploring the benefits with which good corporate governance can yield to top and bottom JSE listed SMEs in South Africa. A desktop method was used to analyse the financial statements of these SMEs companies with the view to gain understanding on their corporate governance activities and how well they benefit them. The findings show that good corporate governance is beneficial to SMEs.

Assessing fertilizer buying behaviour of emerging farmers in a South African grain producing area

Lotriet, R.A., NWU School of Business and Governance, North-West University Potchefstroom, South Africa
Bisschoff, C.A., NWU School of Business and Governance, North-West University Potchefstroom, South Africa
Kole, A., NWU School of Business and Governance, North-West University Potchefstroom, South Africa

Abstract. Fertilizer plays a major role in the profitability of the farmer's business, but also represents an expensive farm input. The emerging farmer market segment is expanding and holds a great deal of potential for fertilizer companies to supply the growing need of fertilizer in this market. Almost all fertilizer marketing strategies of South African companies have been designed to cater for the commercial farming sector; however, if fertilizer suppliers want to focus on the emerging farmer market segment, they need to understand buying behaviour of emerging farmers as well as their needs when developing strategies to utilize opportunities in this developing market. This study aims to identify factors playing an important role in the buying behaviour of emerging farmers in the Free State when purchasing fertilizer. The results show that service, brand, product and learning or psychological factors highly influence emerging farmers' fertilizer purchase decision. The study also finally draws recommendations and conclusions for managerial perusal.


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  • While preparing tables use net, for column balance use tabulation.
  • In numeric values use dot instead of commas (in fractions).

Citation and Reference Formatting

Download “Business Perspectives” reference list and citation style guide or refer to APA formatting and style guide.

Requirements to the manuscripts (PDF Version)

1. Abstract preparation guidelines
1.1. The abstract (200‐250 words) should reflect the conceptual content of the article. In the abstract the author should provide a brief overview of research importance, describe the subject matter and the aim of research, its methodology, as well as highlight the most significant results of research.
1.2. Journal of Economic Literature (JEL) classifications that can be found at, and keywords are necessary.
1.3. Font ‐ Times New Roman; text size ‐ 12 pts, line‐spacing ‐ one‐and‐a‐half.
1.4. All tables and figures should be editable.
2. The paper main body preparation guidelines
2.1. The paper should present the results of independent original research undertaken by the author; it should contain the data never published before.
2.2. The paper should contain a clear description of research objective and its subject.
2.3. The methodology of research should be described in detail.
2.4. The author personal scientific contribution must be grounded in the paper.
2.5. The paper should contain basic suggestions on how to solve the problem under study.
2.6. American English is preferred to British English.
3. The structure of the paper
3.1. The title of the paper.
3.2. Below, in the centre of the page the name of the author should be printed. Reference to the author's name should be made at the bottom of the page with the footnote marked by asterisk ("*"). The reference should contain information about the author's degree and affiliation, as well as contact details (phone number and e‐mail).
3.3. Below, the text of the abstract should be printed.
3.4. After the abstract's keywords and JEL classifications should be printed.
3.5. Below the main body of the paper should be placed.
3.6. The main body of the paper should be followed by references.
3.7. References contain the list of literature referred to given in alphabetical order.
3.8. All figures and tables should be printed inside the papers' main body.
4. Manuscript length
4.1. The paper should not be less than 2000 words and should not exceed 6000 words.

Publishing process

Submission process
To submit a paper, please send two copies of manuscript, one in MS Word format (.doc or .docx) and one in PDF, and completed Cover letter form attached to an e-mail to the editorial assistant.
Make sure that all supplementary materials (tables, figures, equations, and images) are editable. In case the editorial assistant asks to send editable elements, please do it as soon as possible to make the reviewing process faster. To prepare your paper for submission, please read Submission Guidelines.

Infringement of Research Misconduct Policies will result in paper rejection and possible sanctions against authors.

Review process
All papers are "double-blind" peer-reviewed. Detailed information can be found in Peer Review section.

Article Processing Charges (APC)
APC are paid by the authors in order for their articles to be published in open-access under one of Creative Commons licenses. APC cover the costs of publication process, including peer-review administrating, copy editing, hosting the files etc. APC is different for each journal and detailed information can be found on the respective journal pages.

After the paper is typeset, the publisher will provide the authors of accepted papers with proofs for the correction of errors. Only changes to the title of the paper, list of authors or scientific errors will be considered and further approved by the publishing team. The publisher is not responsible for the errors which are the results of authors' oversight. We reserve the right to make the final decision regarding style and the size of figures.

Personal Information Use and Protection

Provided personal information:

  • contact information (name, e-mail address, post address, and phone number);
  • information about education and professional experience;
  • sign-in information;
  • information about payment, e.g. credit or debit cards numbers;
  • comments, reviews and messages you have posted at our resource;

Publisher may use authors’ personal information to:

  • maintain the terms of copyright;
  • find, investigate, and prevent security threat, fraud or other malpractice;
  • provide authors with our resources, give them access to our products and services, fulfill order or transaction, hold researches or transactions;
  • address authors’ claims, comments or problems;
  • provide technical support;
  • provide authors with individual personalized content and services;
  • improve the quality of our resources, work out new products and services;
  • define and analyze new trends;
  • inform authors about all changes and updates of our resources, products and services.

We may share authors’ information with appropriate agents, representatives, mutual establishments and organizations, we are agents or sponsors to. This information may be shared only for appropriate reasons, which may be important for us in business matters or according to our legal obligations.

LLC “CPC “Business Perspectives” takes all necessary precautionary measures to protect your personal information from theft, abuse, unauthorized access, disclosure, change, and distraction with the help of appropriate administrative, physical, and technical measures in providing security.




LLC “CPC "Business Perspectives” protects your rights as an author and guarantees that any juridical information and questions regarding author’s right will be regulated.

Open-access articles
Authors whose articles are published in open-access retain copyright to the content of the articles. The publisher is granted the right to make the first publication of the article. Open access articles can be published under one of the following Creative Commons licenses by the author's choice (remember that licenses are irrevocable).

Creative Commons Attribution (CC BY) 4.0: allows content to be copied, adapted, displayed, distributed, re-published or otherwise re-used for any purpose including for adaptation and commercial use provided the content is attributed.

Creative Commons Attribution-NonCommercial (CC BY-NC) 4.0: allows content to be copied, adapted, displayed, distributed, republished or otherwise re-used provided the purpose of these activities is not for commercial use and the content is attributed. Commercial use means use of the content by a commercial organization or individual for direct or indirect gain or remuneration.


If the article is published in open-access under CC BY 4.0 or CC BY-NC 4.0 licenses, users may reproduce it in accordance with their terms.

Additionally, if the article had been published under CC BY-NC 4.0, the use for the following commercial purposes requires permission:

  • reproduction of content in a work or product intended for sale;
  • reproduction in presentations, brochures or other marketing materials used for commercial purposes;
  • distribution of the content to promote or market a person, product, course, service or organization;
  • text and data mining for the purpose of creating a saleable product or product which benefits from promotional or advertising revenue;
  • use of the content by a commercial entity or individual for the purposes of remuneration, directly or indirectly through sale, licensing, promotion or advertising;
  • linking to the content (in an email, webpage, portable electronic device or otherwise) for the specific purpose of marketing or advertising a person, product, course, service or organization for commercial benefit.

If the published article is available to subscribers only, the author can use the materials of the paper in theses or dissertation, articles may be presented as a presentation, copies of the article may be used by their colleagues in researches, authors can make print or electronic copies for personal use. Thus, authors can reproduce their own work without applying for permission. We only ask for final acknowledgement of first publication and a link to the definite published version.

For further details and permission requests, please contact

If the published article is available to subscribers only, then, for it to be re-printed (reproduced), the author should contact the Publisher and get the corresponding permission. Define the aim of reprint, fill Reprint Permission Form and e-mail it to LLC "CPC "Business Perspectives". All other users should complete the Reprint Permission Form or contact our staff for full details of their reproduction requirements and full reference:

  • Article title
  • Author(s)
  • Journal title
  • Journal volume, issue and year
  • How you wish to use the article

We aim to respond to permissions requests whenever possible within 10 working days.

Hardcopy reprints

Authors may order hardcopy reprints of their articles. Use the table to determine the cost of the reprints (prices are presented for one reprint).

Number of pages Quantity
Up to 50 50-100 100-200
1-10 € 10 € 8 € 7
10-20 € 12 € 10 € 8
20-25 € 15 € 12 € 11

Minimum quantity of the hardcopy reprints the authors can order is 15 items.


Editorial Board members and reviewers constantly work on increasing the efficiency of manuscripts evaluation and selection of the papers that present extreme importance to the scientific field. In this respect, there are factors that result in a rejection of a significant share of papers submitted for publication. The reasons for rejection can be different. Main reasons are listed in Peer Review and Research Misconduct Policies.

LLC “CPC “Business Perspectives” emphasizes that in no case place of work or country of residence of the scientist, his racial or religious affiliation can be the reason for rejection.

In this respect, we ask the authors to pay attention to necessity of observing publication ethics principles. Submitted manuscripts should be relevant in content and comply with the aim, tasks and specialization of the journal.

The language of the manuscript should be professional, and the format should comply with the standards given. Weak English and incompliance with the format standards will not obligatorily lead to rejection, but can delay paper acceptance until the author makes the amendments. The acceptance rate for the journal is calculated as a number of manuscripts accepted for publication compared with total number of manuscripts submitted in one year.

This rate demonstrates gradual and steady decrease. By now, it is 33%.

To have a clear vision about period of consideration and process of review of your paper, authors can always contact the editorial assistant. Period of paper consideration is not fixed and can be changed depending on different factors, but our employees will keep you informed about the status of the publishing process.

The average time it takes to make a publication decision after receipt of submitted manuscript is 77 days.

Number of articles published in “Problems and Perspectives in Management”:

2003 – 19
2004 – 92
2005 – 63
2006 – 51
2007 – 52
2008 – 46
2009 – 57
2010 – 77
2011 – 43
2012 – 40
2013 – 43
2014 – 106
2015 – 125
2016 – 167


The author may deposit pre-print version of the paper (manuscript by the author, submitted to the journal, before peer-review and without any editorial amendments) to any platform anytime with acknowledgement to the Publisher and the Journal (acknowledgement should be made as follows: "This is a pre-peer-reviewed version of the paper submitted for publication to [name of the Journal] published by LLC "CPC "Business Perspectives").

The author may deposit post-print version of the paper (accepted version of the manuscript after peer-review and content amendments, but before copyediting, typesetting and proof correction) to the author's personal website, provided that it is non-commercial, and to the repository of the author's institution, where it can be made publicly available immediately upon publication, with acknowledgement of the Publisher and the Journal (acknowledgement should be made as follows: "This is an accepted peer-reviewed version of the paper. The published version of the article is available at LLC "CPC "Business Perspectives" at[DOI of the article]").

The Author may deposit published version of the paper (final edited and typeset version that is made publicly available by the Publisher and can be considered an article) to any institutional repository, and distribute and make it publicly available in any way with acknowledgement to the Publisher and the Journal (acknowledgement should be made as follows: "This is a published version of the paper, available at LLC "CPC "Business Perspectives" at[DOI of the article]").


Article processing charge (APC) is paid by authors only after the paper had been reviewed and accepted for publication. APC cover the costs of publication process, including peer-review administrating, copy editing, hosting the files etc. Business Perspectives does not employ submission or reviewing charges.

Article processing charge for “Problems and Perspectives in Management” is 595 €. Please request an invoice (or information about other methods of payment) from an editorial assistant or follow the link to Pay online.
If authors want the size of the article to exceed established limit (6000 words), they should contact an editorial assistant to elaborate on publication details.

After the issue is published, the corresponding author will receive one printed copy of the issue free of charge (additional copies are available for ordering from an editorial assistant).

LLC “CPC “Business Perspectives” is considering discounts and waivers for particular cases and individuals. For this purpose authors should send an e-mail to the editorial assistant requesting a discount and specifying the reason.

15 volumes and 83 issues


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