PurposeThe purpose of this research is to explore the entrepreneurship profile of Turkish univers... more PurposeThe purpose of this research is to explore the entrepreneurship profile of Turkish university students and to make an evaluation for their entrepreneurship orientation by comparing them with non‐entrepreneurially inclined students.Design/methodology/approachIn this study, six traits, namely need for achievement, locus of control, risk taking propensity, tolerance for ambiguity, innovativeness and self‐confidence, are used to define the entrepreneurial profile of students. The study is conducted on a random sample of fourth year university students (n = 400) from two Turkish universities. The question “what are you planning to do after graduation?” was asked to students in order to discriminate between those who are entrepreneurially inclined and those who are not. Respondents who have a response saying that “I'm planning to form my own business venture” are accepted as potential entrepreneurs. Then, the entrepreneurial traits of these students are subjected to a comparati...
This manuscript is presenting the preliminary results of research of the factors which are influe... more This manuscript is presenting the preliminary results of research of the factors which are influencing the failure of SMEs. The manuscript is just the starting base for the larger research that will address the analysis of the most important factors that lead to closure of SMEs in different regions of the Europe. Basic factors of interest, which can be segmented as the individual characteristics of the entrepreneur or non-individual characteristics of the SMEs, based on wide literature review, were used to define the measuring scale for assessment of the most important factors which can lead to failure of SMEs, in previous research [1]. 8 Such defined initial questionnaire form was used, in a pilot test research, to assess the opinion of the real entrepreneurs who suffered the failure of their previous businesses in Serbia. The idea of the research is to develop adequate measuring scale, which will be used to measure the potential failure of the existing SMEs, based on the rates dev...
Since the fall of communism, the Albanian system of education has been gradually liberalized. In ... more Since the fall of communism, the Albanian system of education has been gradually liberalized. In the last decade, many private schools including primary, secondary, high schools and universities emerged. For this reason, there was a need for education standards. In this line of thinking, from 2003 to 2010 in most of the universities was adopted the Bologna Process. This academic system seems to be widely accepted from most universities in the European Union.
One of the main questions that guide researches in management field is why some companies are dif... more One of the main questions that guide researches in management field is why some companies are different and obtain good performance compare to other companies. Nowadays, there has been a growing intensity of competition in all areas of business and this has resulted in greater attention to analyse competitive behaviour under different competitive strategies application and environmental dynamics and complexity. The purpose of this paper is to examine the relationship between competitive strategies and organizational performance. Testing the applicability of Porter`s generic strategies in construction firms we can explain the differences in the performance and comprehend how generic strategies can give them a performance advantage over the rivals. Simple random sampling technique was used to select a sample of 110 companies. The data was be collected using questionnaires and analyzed using ANOVA statistical model. This paper reports findings on the relationship between the Porter`s g...
Entrepreneurship is affecting economic growth worldwide. In a time of economical crises the creat... more Entrepreneurship is affecting economic growth worldwide. In a time of economical crises the creation of new ventures would be an ideal solution. Understanding entrepreneurship's importance and positive contribution to the economy of a country, it is significant studies to be undertaken in order to boost the development of entrepreneurship. Thus, in focus must be factors that alter students' behavior and their career decision to become entrepreneurs. Many highlight that role model consist to be among the most important factors that alter entrepreneurial intention.This study aims to analyze the family role in the decision of students to follow entrepreneurial career path and the influence it has on the intent of the Albanian youth entrepreneurs. The purpose is to assess the role of the family in determining the preference of students to become entrepreneurs. To observe this relation we have studied the case of 434 Albanian students majored in business across the country. The f...
This paper studies the financial and management quality reasons of financial distress for the com... more This paper studies the financial and management quality reasons of financial distress for the companies operating in Albania. The research follows the analysis of Dhamo and Kume (2015, 2016) regarding the quantitative and qualitative approach used for performance differentiation among companies who are facing financial distress, and those who are not facing financial distress. We use the methodology employed by Altman (2000) in assessing the probability of bankruptcy of privately owned enterprises, through the Z’ and Z”. We observe the financial performance differences of companies, which are classified as “bankrupt” versus companies that are classified as “non-bankrupt”. We compare, through a survey, the differences in management of “bankrupt” versus “nonbankrupt” companies, as per model classification. Moreover, we analyze the probability of default trends of the energy, construction, telecommunication, transportation, fast-moving consumer goods and retail sector in Albania throug...
Organizations are constantly looking for new ways of increasing competition, while the evolution ... more Organizations are constantly looking for new ways of increasing competition, while the evolution of external forces, such as demographic changes, globalization and technology, and require that managers will adopt different organizational strategies to manage them in turbulent environment (Whitfield & Landeros, 2006)One of these strategies is organizational diagnosis, which presents the assessment of the current situation of an organization, in order to identify the most appropriate interventions, for its future development (Stegerean et al, 2010: 3). This paper aims to explore and diagnosis public organisations in Albania and in Kosovo. To realize the objectives, the authors will be based on secondary and primary research.
Innovation is considered as one of the best practices to achieve economic growth as well as overc... more Innovation is considered as one of the best practices to achieve economic growth as well as overcome socio-economic challenges. It is an important factor to drive a better performance in a globalised economy. Recent studies have proven that innovations significantly contributes to the success and growth of a business. This paper aims to identify the connections between the various innovative practices with the macroeconomy in the services sector in a developing economy. The study will specifically focus on the Albanian services sector including banking and telecommunication. The methodology used combines primary and secondary data together. Secondary data is retrieved from an extended literature review on management and innovation which has also served as a basis for the hypothesis of this study. Meanwhile primary data is retrieved from the surveys distributed and completed by 170 companies in the banking and telecommunication sector. Results showed that government policy, financial...
Coronavirus is pushing economies towards economic recession, at a time when all parameters and tr... more Coronavirus is pushing economies towards economic recession, at a time when all parameters and trends were positive. Social distancing is turning into economic distancing. Leading economists are proposing “extreme reforms” to fight the economic catastrophe that could be caused by the COVID-19 pandemic. There is a consensus among analysts and experts in various fields that after the end of the COVID-19 pandemic, “nothing will be the same”. It will be a “new reality”, with many changes in lifestyle and way of doing business. However, one of the expectations is changes in customer behavior.
In this article will be treated different skills for public administrators, during the process of... more In this article will be treated different skills for public administrators, during the process of decision making, which affect the effectiveness of their decisions, and thus will also affect the fulfillment of the objectives of the organizations they lead. The main purpose of the article is to identify the skills that demonstrate public administrators during decision making in order to define how good are their decison making process. On the basis of secondary and primary research, the authors would discuss the findings in order to identify the problems faced during these processes of decision-making public administrators
PurposeThe purpose of this research is to explore the entrepreneurship profile of Turkish univers... more PurposeThe purpose of this research is to explore the entrepreneurship profile of Turkish university students and to make an evaluation for their entrepreneurship orientation by comparing them with non‐entrepreneurially inclined students.Design/methodology/approachIn this study, six traits, namely need for achievement, locus of control, risk taking propensity, tolerance for ambiguity, innovativeness and self‐confidence, are used to define the entrepreneurial profile of students. The study is conducted on a random sample of fourth year university students (n = 400) from two Turkish universities. The question “what are you planning to do after graduation?” was asked to students in order to discriminate between those who are entrepreneurially inclined and those who are not. Respondents who have a response saying that “I'm planning to form my own business venture” are accepted as potential entrepreneurs. Then, the entrepreneurial traits of these students are subjected to a comparati...
This manuscript is presenting the preliminary results of research of the factors which are influe... more This manuscript is presenting the preliminary results of research of the factors which are influencing the failure of SMEs. The manuscript is just the starting base for the larger research that will address the analysis of the most important factors that lead to closure of SMEs in different regions of the Europe. Basic factors of interest, which can be segmented as the individual characteristics of the entrepreneur or non-individual characteristics of the SMEs, based on wide literature review, were used to define the measuring scale for assessment of the most important factors which can lead to failure of SMEs, in previous research [1]. 8 Such defined initial questionnaire form was used, in a pilot test research, to assess the opinion of the real entrepreneurs who suffered the failure of their previous businesses in Serbia. The idea of the research is to develop adequate measuring scale, which will be used to measure the potential failure of the existing SMEs, based on the rates dev...
Since the fall of communism, the Albanian system of education has been gradually liberalized. In ... more Since the fall of communism, the Albanian system of education has been gradually liberalized. In the last decade, many private schools including primary, secondary, high schools and universities emerged. For this reason, there was a need for education standards. In this line of thinking, from 2003 to 2010 in most of the universities was adopted the Bologna Process. This academic system seems to be widely accepted from most universities in the European Union.
One of the main questions that guide researches in management field is why some companies are dif... more One of the main questions that guide researches in management field is why some companies are different and obtain good performance compare to other companies. Nowadays, there has been a growing intensity of competition in all areas of business and this has resulted in greater attention to analyse competitive behaviour under different competitive strategies application and environmental dynamics and complexity. The purpose of this paper is to examine the relationship between competitive strategies and organizational performance. Testing the applicability of Porter`s generic strategies in construction firms we can explain the differences in the performance and comprehend how generic strategies can give them a performance advantage over the rivals. Simple random sampling technique was used to select a sample of 110 companies. The data was be collected using questionnaires and analyzed using ANOVA statistical model. This paper reports findings on the relationship between the Porter`s g...
Entrepreneurship is affecting economic growth worldwide. In a time of economical crises the creat... more Entrepreneurship is affecting economic growth worldwide. In a time of economical crises the creation of new ventures would be an ideal solution. Understanding entrepreneurship's importance and positive contribution to the economy of a country, it is significant studies to be undertaken in order to boost the development of entrepreneurship. Thus, in focus must be factors that alter students' behavior and their career decision to become entrepreneurs. Many highlight that role model consist to be among the most important factors that alter entrepreneurial intention.This study aims to analyze the family role in the decision of students to follow entrepreneurial career path and the influence it has on the intent of the Albanian youth entrepreneurs. The purpose is to assess the role of the family in determining the preference of students to become entrepreneurs. To observe this relation we have studied the case of 434 Albanian students majored in business across the country. The f...
This paper studies the financial and management quality reasons of financial distress for the com... more This paper studies the financial and management quality reasons of financial distress for the companies operating in Albania. The research follows the analysis of Dhamo and Kume (2015, 2016) regarding the quantitative and qualitative approach used for performance differentiation among companies who are facing financial distress, and those who are not facing financial distress. We use the methodology employed by Altman (2000) in assessing the probability of bankruptcy of privately owned enterprises, through the Z’ and Z”. We observe the financial performance differences of companies, which are classified as “bankrupt” versus companies that are classified as “non-bankrupt”. We compare, through a survey, the differences in management of “bankrupt” versus “nonbankrupt” companies, as per model classification. Moreover, we analyze the probability of default trends of the energy, construction, telecommunication, transportation, fast-moving consumer goods and retail sector in Albania throug...
Organizations are constantly looking for new ways of increasing competition, while the evolution ... more Organizations are constantly looking for new ways of increasing competition, while the evolution of external forces, such as demographic changes, globalization and technology, and require that managers will adopt different organizational strategies to manage them in turbulent environment (Whitfield & Landeros, 2006)One of these strategies is organizational diagnosis, which presents the assessment of the current situation of an organization, in order to identify the most appropriate interventions, for its future development (Stegerean et al, 2010: 3). This paper aims to explore and diagnosis public organisations in Albania and in Kosovo. To realize the objectives, the authors will be based on secondary and primary research.
Innovation is considered as one of the best practices to achieve economic growth as well as overc... more Innovation is considered as one of the best practices to achieve economic growth as well as overcome socio-economic challenges. It is an important factor to drive a better performance in a globalised economy. Recent studies have proven that innovations significantly contributes to the success and growth of a business. This paper aims to identify the connections between the various innovative practices with the macroeconomy in the services sector in a developing economy. The study will specifically focus on the Albanian services sector including banking and telecommunication. The methodology used combines primary and secondary data together. Secondary data is retrieved from an extended literature review on management and innovation which has also served as a basis for the hypothesis of this study. Meanwhile primary data is retrieved from the surveys distributed and completed by 170 companies in the banking and telecommunication sector. Results showed that government policy, financial...
Coronavirus is pushing economies towards economic recession, at a time when all parameters and tr... more Coronavirus is pushing economies towards economic recession, at a time when all parameters and trends were positive. Social distancing is turning into economic distancing. Leading economists are proposing “extreme reforms” to fight the economic catastrophe that could be caused by the COVID-19 pandemic. There is a consensus among analysts and experts in various fields that after the end of the COVID-19 pandemic, “nothing will be the same”. It will be a “new reality”, with many changes in lifestyle and way of doing business. However, one of the expectations is changes in customer behavior.
In this article will be treated different skills for public administrators, during the process of... more In this article will be treated different skills for public administrators, during the process of decision making, which affect the effectiveness of their decisions, and thus will also affect the fulfillment of the objectives of the organizations they lead. The main purpose of the article is to identify the skills that demonstrate public administrators during decision making in order to define how good are their decison making process. On the basis of secondary and primary research, the authors would discuss the findings in order to identify the problems faced during these processes of decision-making public administrators
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