Scientific Conference for Young Researchers "Economics and Management"
Copyright © 2021 The Author(s). Published by Vilnius Gediminas Technical University. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
Importance of users of customer relationship management systems for the project efficiency
More and more often human resources is referred to the impor-tance of CRM projects implementation. In the scientific literatu-re the human factor is studied as a reason for the failure of CRM projects. Also, the importance of human motivation is emphasi-zed. This article theoretically analyzes the human factor in CRM systems and its impact on the project implementation. It is considered, what methods are used to help ensure a successful project. Conclusions of the article sets out the main factors affecting human causes, the possible motivation tools, best suited to the CRM project participants.
Copyright (c) 2012 The Author(s). Published by Vilnius Gediminas Technical University. https://creativecommons.org/licenses/by/4.0
Pecullarities of ERP implementation projects under the agility conditions and modelling the support of their implementation
In the dynamic society of today enterprise has to be smart and agile. IT and business alignment has become of the strategic importance and the enterprise is forced to be able to perform well under the abundance of information and hyper competition conditions. The information has become a strategic corporate resource and encourages business to invest in ERP projects as ERP systems can integrate all the business processes and help to improve the effectiveness of them. ERP implementation projects are characterized by complexity, variety of processes and managerial decisions which in most of the cases tend to be irrational because of weak participation in the implementation, imperfect existing ERP implementation models, lack of experience and knowledge how to implement them correctly. Thus, advanced model development to support ERP implementation process is needed. To achieve this purpose worldwide insight on this issue should be made, practical value of existing ERP implementation models should be evaluated and demand for ERP implementation support should be assessed.
Corporates bankruptcy analysis and prediction
The importance of bankruptcy is analyzed by different authors. Presented bankruptcy signs determine bankruptcy of enterprises also internal and external causes of bankruptcy. We review advantages of bankruptcy and propose recommendations, present measures which can help to avoid bankruptcy and also examine necessity of bankruptcy prediction presenting positive and negative consequences of bankruptcy. There are offered the newest solutions ways of bankruptcy in Lithuania. We review relative financial proportions whose we predict the bankruptcy. It is presented the bankruptcy prognostication models classification, linear discriminant analysis – counting of Altman model, logistical regressions – counting of Zavgren model, the tree of solutions and neuron network decisions.
Organization current assets cost modeling: theoretical aspect
In order to assess the organizations financial status is the major challenge of current assets and is in the cost analysis. Current assets are one of the major organizations of the financial condition and performance indicators to measure and it costs for modeling is becoming increasingly important in the field of financial analysis. A scientific study reported that current asset in the cost accounting is quite complex, and the latter to the accounting model is not trained in assessment techniques and methods. Organizations current assets cost modeling methodology shall be based on quantitative and statistical methods the practical applicability is illustrated by specific examples. The theoretical current assets the cost modeling techniques and scholars business leaders and other interested persons may be quite easy and usually applied to financial analysis in practice.
Model of real estate development evaluation from the point of view of sustainability
The article analyzes the concept of sustainable development and the application of it‘s principles in expanding the real estate market. The paper is devoted to evaluate the opportunities of real estate development, overview Lithuanian and foreign authors’ papers and the researches they carried out. For this aim the article contains the definition of sustainable development and the diversity of it‘s interpretation, specification of the real estate market and it‘s fluctuations during different periods of time, the asset valuation possibilities and the use of new models, a short introduction of device-based decision support system, and models dedicated to analyze investment in real estate. Conclusions about the viability of the potential considered are drawn in the end of the paper.
Model of personnel motivation of virtual organization
The paper examines virtual organization personnel motivation problem. It describes the importance of people motivation in order to achieve the best value for organization. Paper briefly describes motivational theories, their origin and main features. It proposes virtual organization’s working principles and main problems arising from non-traditional working conditions, advantages and disadvantages for virtual organization itself and for employees. The paper proposes virtual organization personnel motivation system with 5 steps and description of the features and design principles. Based on scientific research, identifies the key motivating factors for virtual organization employees, gives the description of material and non-material motivational factors, describes their importance and value for organization.
The analysis of the reasons for the late cargos deliveries to the receiver
Late goods delivery to the customer is a big problem for all transport companies. There is review of other author articles about logistics, the reasons of late cargos deliveries to clients and probable solutions of the problems.
The evaltuation of Lithaunian tax system
In this article are discussed the theoretical aspects of the understanding and necessity of the taxes, the principles of taxation and the possibilities of tax system evaluation. Lithuanian tax system is analyzed using the assessment of taxation principles. During this process were explored the revenues of 2004-2010 Lithuanian national budgets, tax collection capacity, elasticity of the tax system and different other aspects of this question. Moreover, the factors, which influenced discovered changes, were found out.
Consumer behaviour on the trade-based business of industrial energy equipment
The article thesis analyzes the consumer behavior of industrial energy equipment sales business, the priority being on relationship marketing. The article defines conception of business-tobusiness marketing, describes significance of relationship marketing in business-to-business market, analyzes and systemizes scientific methodical literature dedicated to the topic of business-to-business consumer behavior.
prekybos pramoninės energetikos įranga ir įrengimais verslas
verslas verslui vartotojų elgsenos modeliavimas
industrial energy equipment sales business
models of business-to-business transactions
Analysis of e-government development models
The importance of e-government in the world is discussed. The importance of e-government models, developing and improving public e-services, is examined. Analysis of e-government development models clasification found in the works of various countries authors. E-government development models, found in literature and realised in practice, is presented and discussed. Maturity models of e-government development, is analysed. Presentment of features other e-government development models groups, referred in work. The latest futures directions and trends of e-government development, is examined. Scenarios of e-government development is discussed. Opportunities of e-government development models improvement, is analyzed.
elektroninės valdžios plėtros scenarijai
Franchising and its place in today‘s business world
In the past 50 years franchising has come to be predominant in world's economy and it covers a wide range of business categories. Although there are many examples of successful franchise, buying a franchise, however, does not guarantee a success, thus it is important to study advantages and disadvantages both from a franchisors and a franchisee's point of view. This study seeks to provide an outlook of franchising in a business world. It also analyses situation in Lithuania and factors that cause franchise business lagging behind. Franchising has become popular in the world of a variety of business as distribution method. It is predicted that slower population growth, population shifts to new metropolitan areas, and the introduction of new technology will create new opportunities for franchises and make franchise business still far from reaching the stopping point.
Business environment indicators and its assessment criteria
The study deals with competitiveness, business conditions and business environment concept and its assessment models. Concept diferences based on scientific literature are overviewed in the article. Also business environment assessment factors and it's assessment criterias are discussed and analyzed. Analysed models describe conditions for doing business in a certain country that is being ranked and evaluated. However obvious need for improvement in methodology accrues while analysing five most known models in a comparative way.
Research of possibilities development in Lithuania public transport using ITS
In accordance to increasing automobilization level and the negative consequenses they make it is vital to search for new ways of traffic flow management and encourage people to use wide variety of transport means. Intellectual transport systems (ITS) are being integrated all over the world, letting save money, time and energy. There are several main ITS integration methods: use oftraffic flow management systems, Bike&Ride, Park&Ride, provision of all needed information trough telecomunication servines. In Lithuania, ITS in passenger are not applied widely, althoug there is a big potential. This article is designated for research on increasing the effectivness of public transport, integrating ITS and adapting particular concepsion for the city of Vilnius and other biggest cities of Lithuania.
Factors predicting stock returns – analysis of technical factors in Lithuania equity market
Asset management strategies are divided in two main parts: qualitative and quantitative style. The academic literature is showing a growing interest in quantitative equity portfolio management methods. These algorithms vary from the simplest correlation – regression analysis to technically challenging genetic programming algorithms. This paper focuses on the first step of quantitative asset management process – modelling of future stock returns. These models are based on enabling various factors to predict stock returns. The paper provides a detailed analysis of previous researches of forecasting stock returns. It also makes a statistical analysis of some technical factors prediction power of future returns using NASDAQ OMX Vilnius Main List market historical data. Results reveal that historical 3 previous month stock return and 3 previous month historical price volatility are the most significant factors in this research. The prediction power is evaluated by correlation coefficient and coefficients of determination.
Foreign investment promotion in Lithuania
All times and for all countries foreign investments were very important for a lot reasons. The main one – such investments creates possibilities to develop country, to create new working places, to be more innovative and to generate better economic situation. The government, through the regulation of investment and to target investment in priority spheres of economy, determine the appropriate tax rates and exemptions, and provides other measures that would help stimulate investment, job creation, innovation, rational utilization of raw materials and Lithuania on the international market, raising. Also, it is very important to inform foreign investors about previous project, which were successful. It is not a secret, that foreign investors come to Lithuania not for reduce unemployment rate in our country, but for their own profit, own possibilities and own wealth. In this case, in article is described reasons why it is profitable to invest and past experience. In article the system theory was used to get real view to investment structure. The suggestions were made how to improve current foreign investment situation in Lithuania. Also, correlation research was made in case to perceive how important foreign investment is to Lithuania’s economy.
In this article is aimed to examine the concept of social capital as an economic category and highlight problems of measurement of social capital. The methods of the article are the systematic analysis of literature, comparison and generalization. Author concludes that social capital is a complex phenomenon that includes the following three dimensions: social networks, trust and social norms. Difficulties arise evaluating each of the dimensions and as yet there is no single, universal definition of social capital, which could be used in empirical studies.
ekonomikos mokslo ryšys su kitomis disciplinomis
Issues of economic development became very urgent in the 20th century with the increase of world production, when the contradictions between the growth of materialistic wealth and the worsening decline of natural resources and environmental pollution became clear. The used economic growth models had limitations in applying the sustainable development approach. Traditional models of development are often unable to challenge the needs of complex and changing world. The interaction among the various factors of sustainability and management theories are analysed. The necessity for evaluation of impact of cultural and ethical factors in sustainable development and for further investigation of sustainable development concept are stressed.
This article investigates the issue of diversification as a development strategy, its’ opportunities and problems. There is described the three core business diversification forms – related, unrelated and related-linked diversification. Various methods of measuring diversification given by different authors are compared. Author of the article formulates main problems of earlier proposed diversification measuring techniques: there is no clear classifiers, which separate companies one class from another, this causes only interval, discrete, not continuous measurement; related diversification may not be combined with measures of unrelated diversification; methods of calculation does not take into account current market situation, which is, as studies proved, are closely related.
Study of reducing congestion in urban area through interaction between public and private transport
The main purpose of this paper is to increase the interaction between public and private transport through Park & Ride and Bike & Ride programmes and other popular widely used solu-tions. After analyzing the importance of public transport as a part of the transport system of the city, level of automobilization (576 cars per 1000 citizens), using various statistics, exploring case studies of good practice and presenting the main P+R and B+R operating concepts. The structure of citizens’ journeys during last 30 years has changed drastically, while private transport usage increased five times. This has led to enormous traffic jams in cities and its surrounding areas. Specific suggestions, such as using Park and Ride systems in cities have been proved.
enhancement between public and private transport
The assessment of bancruptcy propability in the construction enterprises
The article analyzes the probability of bankruptcy models, also in the article systemized researchers opinions about bankruptcy forecasting and its importance for enterprises. In the article was showing the causes of bankruptcy in the construction enterprises. The relevancy of article is the fact that the global financial and economic crisis (it is the main reason of the growing bankruptcy in the construction companies), requires a detailed analysis of the construction industry, also requires the bankruptcy probability assessment in construction companies. The main article purpose is to assess the bankruptcy models and select the most appropriate methods of bankruptcy probability assessment.
causes of bankruptcy in the construction enterprises
Verslas XXI amžiuje: 15-oji teminė Jaunųjų mokslininkų konferencija "Mokslas - Lietuvos ateitis"
Marketing strategies developing in the automobile trade
With the competitiveness in cars‘market becoming more intense and with new companies emerging, car selling firms are encouraged to inquire how to frame a good marketing strategy, which stages it is required to go through in order to choose the one that suits company the best. As a consequence, all the factors mentioned create competitive advantages for the company and help it to be a leader or at least one of the leading companies in cars‘market. The main purpose of this article is to analyze theoretical background and principles of framing marketing strategies, to prepare a theoretical model of forming a marketing strategy, which can be applied to car commerce. Referring to the analysis of different authors’ pieces of literature, different scientific articles, an analyzed concept of marketing strategies, having compared marketing strategy models’ forming offered by multiple marketing schools, the importance of electronic marketing for the companies selling new cars is described. Referring to analyzed and systematized literature review, the article contains a created marketing strategy model, designed for the companies selling new cars. In order for the model to be approved a marketing research needs to be undertaken.
International business development opportunities in the contex of globalization
Globalization reflects business orientation based on the belief that the world is becoming more homogeneous and those distinctions between national markets will eventually disappear. The aim of this paper is to discuss globalization as the expansion possibility of international business. The fundamentals elements of the global business drivers, which identify where domestic, multinational, global companies and countries can benefit most from globalization processes likely to affect the future development perspectives presented. Currently the problem of business globalization has become most essential worldwide. Even the biggest and most successful companies cannot survive on domestic sales alone. Special attention is given to multinational companies and production networks. The competitive position of Lithuanian enterprises entering a new global environment is significantly affected by their possibilities to foster adaptation to globalization challenges and worldwide requirements. The real challenge for Lithuanian business enterprise in entering the global competition is to link the long-term competitiveness of the country in the global markets to living standards and further successful responses to the globalization.
Applying investment management models into fully funded pension system
The fully funded 2nd pillar pension system is analysed in the article. Moreover invetmnet management strategies applied in the system is evaluated. The possibilities of transforming existing private 2nd pillar pension system to “Life Cycle” fund system in Lithuania are evaluated in the article. Main investment strategy issues of “Life Cycle” funds system are approached in the article. Pros and Cons of “Life Cycle” funds comparing them with traditional “Life Style” investments funds are discussed.
Evaluation of delayed debts for enterprises in Lithuania market
As economy cycle is changing, enterprises experience major risk. In such cases timely revenue are vital for companies successful existance. Delayed debts can cause great negative influence on enterprises financial index and reputation. In this article data of survey (in which enterprises, that use services of credit management companies, has participated) are analysed. Enterprises that use services of credit management companies were chosen on purpose, because problems of delayed debts is relevant to them. By analysing data of this research, there are established periods of how long payment delay usually lasts. Also main reasons of such delay are found. Influence of delayed debts to enterpsises are estimated as well as means of prevention, which are used by managers, so that they could avoid delayed debts. After analysis of data, conclusions are made that define delayed debts situation in Lithuania enterprises and suggests certain means to reduce level of delayed debts.
The research of aircrew duty time rostering and it’s influence to operated flights at charter company
Air transport can be divided to military and civil one. The customers which are using civil air transport do it in business or tourism purpose. The tourist companies which are organizing trips at foreign countries and need air transportation use charter companies because tourism market depends on year season and number of need trips are dynamic. Charter flights needs fast orientation, thinking, communication and need take decisions on time. The decisions have to be taken responsibly and with the view to the future because any mistake can cause big problems which have influence to flights’ operations. One of the factors which have influence to flights’ operations is aircrew. This project presents the problems with which face charter companies of aircrew and how it influences to the flight operations.
Influence of organization culture on the results of organization performance
Organizational culture has a significant on the organization‘s performance. Tomaintain and enhance the competitiveness of the organization should pay attention toororganizational culture. Since they depend on worker‘s job satisfaction, engagement, competitive advantage, financial indicators. Article provided by various authorsdefinitions of organizational culture, importance and influence the organization‘s performance.
influence on the organization‘s performance
The ways to ensure security of cargo carried by surface transport
The aim of the article is to analyze number of ways of protection the cargo during the transportation by surface transport. At the supply chain is a wide variety of risks that can affect the safe delivery of the load. Every loose or damage during the tansportation can affect the economic situation of the company and lead to serious consequences. To avoid or decrease these looses every participant of the supply chain is obliged to take certain measures. The paper presents the technical, legal and organizational measures that can help to ensure the cargo safety.
The article analyzes differences and similarities of branding conceptions, elements and strategy development stages in traditional and electronic commerce. The aim of this article is to offer the brand strategies of e-commerce model based on literature analysis and report its findings and recommendations of brand strategies online. It was found out that when applying brand strategy in electronic commerce it is necessary to include interactive brand elements, such as: assurance of reliability, safety and comfort, individualization, communication with users and creation of online communities. The proper combination of these elements assures reliability, safety and attractiveness in the minds of consumers, thereby reducing the virtual risk of inability to evaluate physical products prior buying them. Consistent action plan on how to apply brand strategy in electronic commerce is provided in the form of a strategy model.
Lithuanian construction industry and the national economic development relationship
The article deals with the long period of theoretical development relationship of domestic economic development and the construction sector. According to scientific literature, analysis of the construction industry responds to changes in economic development. According to the correlation regression analysis is determined a link between the Lithuanian construction sector and GDP and it’s strenght. The study applied econometric methodology based on the development of foreign scientists hypotheses of construction evaluating whether the Lithuanian construction sector in the general construction of the development paradigm. In the last part is checked to match Bono's international construction development model is valid in the Lithuanian construction sector in 1995-2010 period of development.
statybos sektoriaus atliktų darbų apimtis
the construction sector value added in the const-ruction sector to carry out the scope of work