Acknowledging the roles of employees can be achieved through appropriate business culture. Business morals and ethics reflect business values; the values define the extent of ethics, or eventually also unethical behavior, and so define the dominant business culture. European countries ...

Currently it is necessary for every company to be able to react to changing market conditions. So it is also necessary to be concerned with question of costs and revenues. That´s why quality and update cost calculation should have point in business management. The ...

The main aim of this paper was to answer questions connected with the issue of accepted concern business strategy. Mainly with their influence on functioning of individual subsidiary companies in the interaction with macroeconomic surrounding represented with chosen macroeconomic indicator...

The Czech Republic is a small country that does not have sufficient land or resource base. Their competitive advantage must be based on the innovation. The aim of this article is to show the real obstacles to innovation activities. Target group of research are SMEs...

The article describes the implementation of the quality management system in the small company. The attention is focused on public sector orders, financial support and purchasing. The key sections deal with special characteristics of the quality management system in the small com...

Business processes cannot be managed effectively without high quality data of financial position and performance. Financial accounting is the main source of these data. Currently are discussed the benefits of IFRS for SMEs for companies in the Czech Republic. The aim of this...

Analysis of the property and financial situation of selected agricultural companies in the Slovak Republic is carried out on the basis of information, which provided us with accounting through accounting statements, which are individual statements of finances of each entrepreneur. &#x...

The paper is focused on the impact of the new Basel III banking regulation on businesses and their financial management. After the general definition of the regulation of banks and the development of individual bank standards, the concept of Basel III is introduced. Thi...

The objective of this paper was to make an assessment of tax justice among real estate owners on the basis of comparison of the method of taxation in accordance with § 7 and § 9 (§ 10) of the Income Tax Act. Two different methods of income taxation&#...

This paper is focused on bankruptcy prediction models used in transition economies, namely Latvia and Lithuania. Bankruptcy models or models predicting financial distress are tools which can help analyse financial situation of a business unit and provide a quick answer about fina...

In the paper, implementation of the Balanced Scorecard approach in make-to-order manufacturing is proposed, not only for linking the strategy of the enterprise with operational planning, and for measuring the level of strategy realization, but also to develop conditions which are ...