Číslo 24, ročník IX

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Impact on Organizational Climate trough Organizational Culture factors. Case Study of Latvia and Lithuania
(Vysoké učení technické v Brně, Fakulta podnikatelská, 2015-12) Iljins, Juris; Skvarciany, Viktorija; Gaile-Sarkane, Elīna
Purpose of the article: The purpose of this paper is to investigate the impact of organizational culture on organizational climate in process of change. For solving this problem, it is necessary to identify the main factors of organizational culture in the change process. After exploring the impact of organizational culture on organizational climate through distinguished culture’s factors, article examines how changes can be processed in different cultural environments. Methodology. The research design is based on Yin (1994) methodology and consists of two main stages: data analysis and validation for case study and case study’s methodology according to Yin (1994) (four steps: design the case, conduct the case, analyse the case evidence and develop conclusions). In the first stage an expert evaluation method was used to investigate the significance of organizational culture factors’ impact on organizational climate. Different factors of organizational climate were explored in the paper. To affirm the results triangulation method was applied. To verify the results of the research mathematical calculations and case study were used. Within the research the most significant factors were stressed. During the second stage, the case study was carried out to validate the research results in specific companies. Comparison between medium-size companies was made. It is important, that in case company (A) capital holders are Latvian entrepreneurs and capital holders of company (B) are international. Scientific aim: To distinguish organizational culture’s factors that have an impact on organizational climate’s change. Findings: The results of the research confirmed that during the period of changes organizational culture has an impact on organizational climate through specific factors. Theoretical model how change organizational culture impacts organizational climate is developed. Research showed that stability, job satisfaction, team orientation, empowerment, core values, agreement, open communication, job autonomy and reward system are the most significant factors organizational culture influences organizational climate through. Moreover, the list of practical recommendations for companies, which are planning to implement changes, were developed. Conclusion: This research gives managers an idea on how to deal with top-down approach to influence organizational climate. This research limits not to looking at factors in scope of organizational culture and climate classification and how they can influence shifts in between. Further research should be conducted to introduce in model characteristics of organization, culture and outcome in organizational climate change.
IT Tools and their Use in Strategy Creation in Respect of Economic Results of a Company
(Vysoké učení technické v Brně, Fakulta podnikatelská, 2015-12) Pálka, Ladislav; Hajkrová, Romana
Purpose of the article: The article analyzes the current state of information technology in terms of their use in a strategy creation of a company in relation to monitoring the economic results of a company. It investigates, identifies and evaluates the overall situation of the concept and principles of these tools, their effectiveness in drawing up the strategy and strategic company goals, the ability to perform a variety of economic analysis without the need of a complex operation and understanding, but also for an effective evaluation of data for a planning support, management and deciding of management components, leading to the overall success of a company. The reason for this monitoring is a considerable difference between strategic company planning and its real results. Methodology / methods: In terms of methodology, the literature review of the current state of the issue has been used. - Primary: interviews, observations, expert estimation. - Secondary: evaluation of the data from the database of IS, documentation of seminars. - Quantitative Research: mapping the orientation of the issue, the confrontation with the theory. - Qualitative research: projective, structured interview (by users and suppliers). Scientific aim: The main aim of the work is to solve the problems of management and evaluation of the economic process in respect of information technology tools in connection with the formation of corporate strategy and monitoring of financial results of the company. The reason for selecting of the above-mentioned issue is the fact that information technology resources are currently not used in the creation of corporate strategy, specifically in the area of economic goals. Findings: To describe the situation in the region and to clearly define the basic problems used as a basis for the use of IT support tools in creation of corporate strategy, namely economic goals and the use of feedback of information support tools for assessing the economic results of the company; To identify individual problems and compare them with the perception of this issue at the level of professionals in science and information technology. Conclusions: (limits, implications etc.) Based on the evaluation of information support used for creation of economic objectives within the corporate strategy and the use of factors of an economic evaluation of the company, to define the issue of the application of these instruments by both users and suppliers.
Challenges of Regulatory Agencies Consolidation while Reducing Administrative Burdens for Business: Case of Lithuania
(Vysoké učení technické v Brně, Fakulta podnikatelská, 2015-12) Davidaviciene, Vida; Vengriene, Elena
Purpose of the article: The purpose of this article is to summarize the approaches used and to research the challenges for regulatory agencies consolidation in order to reduce administrative burdens for business. This article analyses the activity of Lithuanian and EU regulatory agencies which are supervising business with regard to identify potential and arising challenges of optimising the performance of regulatory agencies. Methods: review of academic and legal literature, comparison, synthesis, statistical data analysis. Scientific aim: The aim of this article is to analyse the activities of regulatory agencies of Lithuania and European Commission and evaluate the actions in order to reduce administrative burdens as well as to identify the consolidation problem areas of regulatory agencies. Findings: The results of the analysis shows, that a unified list of regulatory agencies is not in use and the research and other reform action taken by supervising authorities is being done using different sets of regulatory agencies, what leads to increasing of administrative burdens and ineffective regulatory agencies consolidation. Conclusion: The results of research shows that it is necessary to compile a clear, united and unified list of regulatory agencies. Also it is important to carry on consolidation of controlling institutions and merging regulatory agencies to achieve a clear responsibility for the controlled areas and new ways to implement information technologies should be provided.
Mutual Fund Performances of Polish Domestic Equity Fund Managers
(Vysoké učení technické v Brně, Fakulta podnikatelská, 2015-12) Tan, Ömer Faruk; Ünal, Gözde
Purpose of the article: The main purpose of the paper is empirically evaluating selectivity skills and market timing ability of Polish fund managers during the period from January 2009 to November 2014. After the global financial crisis of 2008, in this period of quantitative easing (QE), thanks to an increase in the money supply, a capital flow from developed countries to developing countries was observed. In this study, we try to analyse that although the financial market in Poland made an incredible progress, whether fund managers show better or worse performance than the market. Methodology/Methods: In order to evaluate fund manager performances, Jensen alpha (1968) is computed, which depicts selectivity skills of fund managers. For determining market timing ability of fund managers, Treynor&Mazuy (1966) regression analysis and Henriksson&Merton (1981) regression analysis are applied. Fund performances are evaluated using Warsaw Stock Exchange Index as the benchmark index. Scientific aim: In this study, we have tried to evaluate selectivity skills and market timing ability of Polish fund managers. A total of 14 equity fund managers’ performances are analysed. The study can be guiding especially for investors who are interested in Polish equity fund performances in a period where emerging stock markets outperformed with quantitative easing. Findings: Jensen (1968) alphas indicate that over this period fund managers did not have selective ability, as none of the 14 funds had statistically significant positive alphas. Furthermore, Treynor&Mazuy (1966) and Henriksson&Merton (1981) regression analysis indicate that over the same period fund managers did not also have market timing ability, as again none of the 14 funds had statistically significant positive coefficients. Conclusion: In this work, we can detect that in the era of quantitative easing, although the financial market in Poland made an incredible progress, the fund returns were generally lower than the stock market and Polish fund managers could not display a good performance both in selectivity skills and market timing abilities.
McDonald’s as a Cultural Brand in the Landscape of Attitudes of Polish Customers
(Vysoké učení technické v Brně, Fakulta podnikatelská, 2015-12) Komańda, Marcin
Purpose of the article: The analysis of the attitudes of Polish customers towards McDonald's based on the identification of opposite social attitudes towards globalisation processes and perception of cultural brands. Methodology/methods: The qualitative analysis of the record of Internet users' discussion has been conducted. The record of the discussion shall be regarded as an expression of opinion by an incidental group of respondents. For the purposes of the conducted research programmes weftQDA 1.0.1 and QSR NVIVO 10 have been used. Scientific aim: Utilization of postmodern interpretation of the socio-cultural context of running business for purposes of strategic management. Findings: The main differences between the supporters of the attitudes towards McDonald's were related to two problems. Firstly, the discussion concerns what McDonald’s really is (how its service should be classified). Secondly, the thread of the discourse concerns the quality of McDonald's offer. Further discussion involved the issues of impact of McDonald's on the domestic business, and lifestyle of contemporary Poles and their dining habits. Conclusions: The landscape of attitudes of Polish customers towards McDonald's is the issue of uncertainty in the strategic management within this company. It seems there is a need for paying attention to national cultural features of Poles and different attitudes of contemporary society expressed as a postmodern response to globalisation. Each group of problems mentioned may become an opportunity or a threat for McDonald's business activity in Poland.

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