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Archive
Volume 3 № 6
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János Kornai
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DISCIPLINES OF SOCIAL SCIENCES: SEPARATION OR COOPERATION?
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Article title
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DISCIPLINES OF SOCIAL SCIENCES: SEPARATION OR COOPERATION?
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Authors
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János Kornai
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Category
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Economics
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Article type
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Science Article
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JEL Classification
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A10
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Abstract
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In this paper, I decided to take a closer look at the relationship among the various social science disciplines. Economics student Noémi Péter assisted me in this work. We focused on four disciplines: economics, political science, sociology, and law. We selected five leading journals from each of these disciplines and reviewed one volume of each, that is, all articles published in 2004. Where do we stand now with respect to separation and cooperation in the social sciences? What can be done to bring these disciplines closer together so that they will provide a coherent multipronged approach to the problems they now each confront separately? I attempt to give only a partial and draft response here, mainly to inspire the reader to think about these difficult questions. A deeper understanding of these problems requires more thorough and
extended research.
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Key words
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Social sciences, cooperation, separation, interdiciplinarity, economics.
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Literature
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New Comparative Economics." Journal of Comparative Economics 31 (4): 595–619.
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———. 2000. "The System Paradigm." In Paradigms of Social Change: Modernization, Development, Transformation,
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Campurs Verlag. New York: St. Martin's.
Kornai, János, and Susan Rose-Ackerman, eds. 2004. Building a Trustworthy State in Post-Socialist Transition. New
York: Palgrave Macmillan.
Kornai, János, Bo Rothstein. and Susan Rose-Ackerman, eds. 2004. Creating Social Trust in Post-Socialist
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Sala-i-Martin, Xavier. 1997. "I Just Ran Two Million Regressions." American Economic Review 87 (2): 178–83.
Schumpeter, Joseph. 1942. Capitalism, Socialism and Democracy. New York
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Juliy Olsevich
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ABOUT PSYHOGENETICAL AND PSIHOGENETICAL BASIS OF ECONOMIC BEHAVIOR
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Article title
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ABOUT PSYHOGENETICAL AND PSIHOGENETICAL BASIS OF ECONOMIC BEHAVIOR
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Authors
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Juliy Olsevich
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Category
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Economics
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Article type
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Science Article
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JEL Classification
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B40; B52
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Abstract
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While the economists' discrepancies on the human nature being a main hidden source of the modern crisis of economic theory, the author of this essay attracts attention to the new findings of genetics and psychology as an appropriate base for the understanding of economic behavior. The achievements and deficiencies of recent Nobel Prize laureates are examined from this point of view, and the alternative (psycho-typological) approach to economic issues is suggested.
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Key words
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Psychological type, genetics, economic institute.
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Literature
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Акерлоф Джордж А., Поведенческая макроэкономика и макроэкономическое поведение. МЭМ,
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Наука, 2005.
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Yuriy Gavrilec
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COMPUTER MODELING OF SIMULTANEOUS FORMATION MARCET, STRUCTURE OF POPULATION AND ITS PREFERENTIONS
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Article title
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COMPUTER MODELING OF SIMULTANEOUS FORMATION MARCET, STRUCTURE OF POPULATION AND ITS PREFERENTIONS
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Authors
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Yuriy Gavrilec
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Category
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Economics
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Article type
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Science Article
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JEL Classification
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C60; C80
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Abstract
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In the article the one-product model of market dynamic when alongside with changes of the prices, offers of work and a consumer demand there is a formation of social structure and utility functions of the population is offered. Computer calculations have allowed to show graphically trajectories to market equilibrium of all variables of model, and also to consider different ways of information influence on economic behaviour of groups.
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Key words
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economic equilibrium, optimal economic behaviour, dynamics of market, stability, attitude, social struture, dynamics of utility functions, computer modelling.
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Literature
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_______ Соизмерение интересов и ценовое регулирование экономики с переменной структу-
рой населения (модельный анализ), ЭММ, 1996, том 32, № 1
_______ Стохастическое моделирование межгрупповых информационных взаимодействий.
ЭММ, 2003, выпуск 2
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мы России со встроенными нейронными сетями. М., ЦЭМИ РАН, 2005.
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МВТ-Дизайн, 2002.
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Yoji Koyama
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TRANSITION AND EUROPEAN INTEGRATION OF BULGARIA AND ROMANIA: EFFORTS FOR OVERCOMING NEGATIVE LEGACIESAND NEW CHALLENGES
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Article title
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TRANSITION AND EUROPEAN INTEGRATION OF BULGARIA AND ROMANIA: EFFORTS FOR OVERCOMING NEGATIVE LEGACIESAND NEW CHALLENGES
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Authors
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Yoji Koyama
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Category
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Economics
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Article type
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Science Article
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JEL Classification
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F15; P20
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Abstract
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Bulgaria and Romania were admitted to the European Union (EU) on January 1, 2007, thus making their longcherished desire into practice. It was not easy path for the both countries to reach this date. Due to their worse political and economic performance, the both countries were not admitted to the EU on May 1, 2004 together with 8 Central European and Baltic countries. Their accession delayed for two years and 8 months. Ialnazov, Dimiter (2003) argues that countries which escaped from socialism with $B!H (Bcoup d $B!G (B etat by nomenklatura $B!I (B, tended to be partial reformers, and the result has been a vicious circle of corruption and rentseeking, locking these countries into a $B!F (Bbad $B!G (B socialist trajectory. In his opinion, in order to extricate themselves from their postsocialist trajectory $B!H (Bexternal anchor $B!I (B are necessary. For Bulgaria the first $B!H (Bexternal anchor $B!I (B is the currency board system, and the second $B!H (Bexternal anchor $B!I (B is its prospect for the EU accession. Bulgaria adopted the currency board system in 1997 while Romania did not. What the both countries have in
common as the $B!H (Bexternal anchor $B!I (B is their prospect for the EU accession. The reason for why the EU changed its policy toward South East European countries (SEECs) in 1999 seems to be that the
EU perceived it necessary for the EU itself to lead reforms in SEECs including Bulgaria and Romania. These external anchors have satisfactorily played their roles in Bulgaria and Romania. International
financial associations such as the IMF and the World Bank have strongly supported the transition to a market economy in the both countries by carrotand-stick policies. However, Bulgaria and Romania are facing big challenges, that is, fighting against organized crimes and reforms of the judicial system. Another challenge for the two countries after accomplishing the EU accession is to enter the EMU (Economic Monetary Union) and adopt Euro as soon as possible. The both countries will have to overcome structural fragility of their economies.
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Key words
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nomenklatura, external anchor, currency board system, prospect for the EU accession, FDI
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Literature
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Dragan, Gabriela (2006), Romania's Accession to EU: Challenges and Opportunities – Romania
between the Lisbon Agenda and the Necessity to increase Its Absorption Capacity, paper presented at the
EUIJ Workshop "EU Enlargement and Its Economic Impacts on Transitional Countries", held in Tokyo on
December 11, 2006.
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Romanian Economy, http://domino.kappa.ro/guvern/strategia.nsf/ (accessed on October 27, 2000).
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assessment, Vienna: WIIW.
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Economies in Russia and Eurasia, Tokyo: Institute of Eurasia, No.814. (in J)
______ (2003), Can a Country Extricate Itself from Its Post-Socialist Trajectory?: The Role of
External Anchors in Bulgaria, Hikaku Keizai Taisei Kenkyu [Comparative Economic Studies] (Japan), No.10.
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Liuhto Kari, Peter Zashev and Katja Heiskanen (eds.) (2005), The Approaching EU Accession of Bulgaria and
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_______ (2005), Rumania niokeru Gaikoku Chokusetsu Tohshi: Yuchi Seisaku no Yukosei no
Kentoh [Foreign Direct Investment in Romania: Examination of Validity of Investment Attraction Policies],
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Oleg Ananjin
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ECONOMICS: SCIENCE AND/OR ART
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Article title
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ECONOMICS: SCIENCE AND/OR ART
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Authors
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Oleg Ananjin
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Category
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Economics
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Article type
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Science Article
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JEL Classification
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B40
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Abstract
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This paper analyses different aspect of applyed economy as part of the complex system of knowledge economy, that bring to the whole system logic of art (skills). Author emphasise that modern art of economy is based on science, that is on choice and combination science knowledge for solving practical problems. Recognition existence art dimensions in economy alows overcoming numerous discussion questions,
theoretical dilemas and differences.
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Key words
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economy as science, economy as art, applied economy, economics models
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Drago Pupavac, Mimo Drašković
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SPREADSHEETS IN FUNCTION OF OPTIMISATION OF LOGISTICS NETWORK
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Article title
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SPREADSHEETS IN FUNCTION OF OPTIMISATION OF LOGISTICS NETWORK
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Authors
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Drago Pupavac, Mimo Drašković
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Category
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Economics
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Article type
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Science Article
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JEL Classification
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L14; L80; L91; L92
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Abstract
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This scientific paper discusses how estimated spreadsheets functions in logistics networks optimisation. The suggested working hypothesis for efficacy of estimated spreadsheets in designing logistics networks is proved and a practical example. In this way the given model can be applied to all logistics networks of similar problem capacity. Logistics network model confronting estimated spreadsheets present a real world at a level needed for understanding the problem of optimisation of logistic networks. Applied scientific research for recognition of the set hypothesis is based on analysis and synthesis method, mathematical method and information modelling method.
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Key words
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spreadsheets, optimisation, logistics network.
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Literature
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[1] Barković, D., Meler, M., Novak, B. (1986) Odlučivanje u marketingu, Informator, Zagreb.
[2] Pašagić, H., Pašagić, J., Markić, B. (2004), "Transport nafte kao modificirani dvoetapni transportni
problem", Suvremeni promet, Vol. 24, No 5-6, 429 - 435.
[3] Pašagić, H. (2003) Matematičke metode u prometu, Sveučilište u Zagrebu, Fakultet prometnih
znanosti, Zagreb.
[4] Power, D.J.: A Brief History of Spreadsheets, DSSResources. COM, World Wide Web,
http://dssresources.com/history/sshistory.html, version 3.6, 08/30/2004.
[5] Pupavac, D., Zelenika, R. (2004) Design optimal transport network – prerequisite competitivity of
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Economic Faculty of Osijek, Osijek.
[6] Vukmirović, S., Zelenika, R., Pupavac, D. (2004), "Spreadsheets in forming of flexible models of
complex transport network", 15th International Conference on Information and Intelligent Systems IIS 2004,
University of Zagreb Faculty of Organization and Informatics Varaždin, Conference Proceeding, Varaždin,
22.-24. 09. 2004.
[7] Drašković, M. (2004), "Osnovni elementi i značaj logističke strategije razvoja lučkog sistema",
Tehnika br. 3, god. LIX, 53-7.
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Neven Vidaković
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THE IMPACT OF THE CHOICE OF MONETARY POLICYON HOUSEHOLDS
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Article title
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THE IMPACT OF THE CHOICE OF MONETARY POLICYON HOUSEHOLDS
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Authors
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Neven Vidaković
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Category
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Economics
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Article type
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Science Article
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JEL Classification
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D100, D110, E580, C610
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Abstract
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This paper looks at the impact a choice of monetary policy regime in a small open economy has on households. The choice of monetary policy in a small open economy analyzed in this paper is the choice between the fixed and variable exchange rate. The paper creates a dynamic model conditioned on the real exchange rate. In the end paper looks the data for the confirmation of theoretical assumptions. The data used is from Slovenia and Croatia which have experience both fixed and floating monetary regimes in last 15 years.
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Key words
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Households, Debt, Choice of Monetary Policy.
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Literature
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12, 4 705-729
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Mirjana Radović Marković
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NEW ECONOMY AND GLOBAL CHALLENGE: WINNING MODEL OF SUCCESSFUL SMALL BUSINESS ORGANIZATIONS
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Article title
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NEW ECONOMY AND GLOBAL CHALLENGE: WINNING MODEL OF SUCCESSFUL SMALL BUSINESS ORGANIZATIONS
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Authors
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Mirjana Radović Marković
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Category
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Economics
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Article type
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Science Article
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JEL Classification
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F02; M21
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Abstract
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The old principles no longer work in the age of Globalization. Businesses have reached the old model's limits with respect to complexity and speed. The real problem is a ruinously dysfunctional mismatch between today's business environment and the classic business model. Namely, the wrong model may transform a company into the vehicle of its own death. Great shifts - genuine and radical transformation- have been shaping the economy and business environment in recent decades. Technology, especially information and communication one, has radically altered the requirements for building and managing a successful business. In this new business climate, although the basic command-and-control business model has survived, it has lost its effectiveness significantly. The successful companies in the future will be ones wise enough to harness the full potential of the entire organization in the rapidly changing business environment. The world is going to be too tough and competitors too ingenious as companies are shaken loose from traditional ways of conducting business. The winners will be the unbridled firms that are responsive to challenges and adroit in both creating and capturing opportunities. To match a business environment that is more networked within and among
companies, the ability to manufacture value will have to be distributed across the company to much a greater extent than in the past. Additionally, learning is the key competency required by any organization that wants to survive and thrive in the new knowledge economy. Market champions keep asking learning questions, keep learning how to do things better, and keep spreading that knowledge throughout their
organization. Learning provides the catalyst and the intellectual resource to create a sustainable competitive advantage. Knowledge organizations obtain competitive advantage from continuous learning, both individual
and collective. In organizations with a well established knowledge management system, learning by the people within an organization becomes learning by the organization itself. In other words,managers need to transform themselves. In order to get a complete picture how educational level of managers and entrepreneurs affect business success, author stresses that it is necessary to determine general personal knowledge and education, then expert knowledge or various specializations in certain areas and lastly to identify their skills. In total, all this is necessary in order, apart from other (provided financial means, location, equipment, partners and business associates, market and other), to make a final decision for starting a business and define how to manage it. Many scientists think that knowledge is the most important requirement for business success and therefore it is the factor to which the most attention is being paid to. Recent researches in the USA show that business owners who were not educated enough for the business in which they were engaged, were not successful (80% of their businesses failed during the first year of its existence). On the opposite, those entrepreneurs who were educated and who showed constant interest for improvement have increased their business success for 60%
after the completion of the basic training programs for entrepreneurship and management.Therefore the author pinted out that the more highly skilled workforce should be beneficial to organisations. Additionally the human capital approach reflects the view that the market value of the firm increasingly depends on intangible rather than tangible resources. The three main components of human capital are described as a) early ability ,b) qualifications and knowledge acquired through education and c) skills competencies and expertise through on and off the job training. This would suggest that individual capability is enhanced by greater qualifications and higher skill levels. If this can be accessed and used to good effect in the firm then better human capital should, ceteris paribus, enhance organisational performance. Better organisational performance
should, in turn, translate into better national performance.
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Key words
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globalization, organization, corporate culture, communication, global management, enterpreneurial skills, knowldege management
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Literature
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Radović Marković (2007), Mirjana "Entrepreneurship-process and praxis",book ,Magnus, Belgrade.
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Sofija Adžić
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SHOULD RE-INDUSTRIALISATION REPRESENT THE FINAL STAGEOF TRANSITION THE CASE STUDY OF SERBIA
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Article title
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SHOULD RE-INDUSTRIALISATION REPRESENT THE FINAL STAGEOF TRANSITION THE CASE STUDY OF SERBIA
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Authors
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Sofija Adžić
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Category
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Economics
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Article type
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Science Article
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JEL Classification
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L10, L22, L51, D83, F41
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Abstract
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The initial thesis in this paper is the basic condition for completion of (economic) transition in Serbia through incapacitating of enterprises for business activities within the Internal European Union Market. The second thesis is that the solution of this problem is based on the paradigm of reindustrialisation in the context of: (1) enhancement of all forms of management, in particular in the field of export clusters,
business networks and alliances and sector of production of public goods and services of public administration. (2) observing of principles of participation and consensus of economic and social partners, and (3) precise and transparent professionalisation and decentralisation of functions of public regulation of economy and economic development. The third thesis is that for realisation of the project of reindustrialisation it is necessary to create conditions for constituting of good business environment in the function of stimulation of (private) production
investments into exporting industries. The fourth one is that the development of good business environment depends much more on internal factors than on the external surroundings. In accordance with the above, the appropriate solutions for constituting of good business environment in the function of reindustrialisation of Serbia should be looked for in: (1) the development of stimulative market and institutional environment for the development and more complete employment of available economic, technological and human potentials with the optimum allocation of production factors and development based on cooperation of all stakeholders of modern industry, supplemented with harmonised and efficient public regulation of economy and economic
development, and (2) intensification of structural changes in market, technological, organisational and cost performances of agricultural estates, industrial enterprises, business activities and complexes.
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Key words
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Transition, Reindustrialisation, Good Business Environment, Macro-management, Development Oriented Coalitions, Industrial (Production) Entrepreneurship
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Literature
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Adžić, S. (1998), Prestruktuiranje preduzeća u uslovima nerazvijenog finansijskog tržišta, u "Ekonomski anali",
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________ (1999a), Benčmarking i prestruktuiranje preduzeća, u "Menadžment totalnim kvalitetom", No 2,
ss. 5-9.
________ (2000), Prestruktuiranje preduzeća i izvozna orijentacija – moć i nemoć ekonomske politike, u
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Veselin Drašković, Radislav Jovović
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MODELS OF KNOWLEDGE MANAGEMENT AND TRANSFORMATION OF KNOWLEDGE
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Article title
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MODELS OF KNOWLEDGE MANAGEMENT AND TRANSFORMATION OF KNOWLEDGE
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Authors
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Veselin Drašković, Radislav Jovović
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Category
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Economics
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Article type
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Science Article
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JEL Classification
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D83; M21; A10, O32
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Abstract
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In this paper: a) some theoretical and practical apspects respective knowledhe economy will be analysed, which is base for acheiving progress in the modern era, where paradigm of knowledge dominates,
and b) represents models of knowledge management and processes of knowledge transformation. The aim of paper is to point out on rising and importancy of konwledge in the new economy, of modern competition in
creating knowledge, all in the function of developing competition advantages and succeseful work of firms.
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Key words
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Knowledge, Knowledge Economy, Intellectual Capital, Knowledge Management.
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Literature
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Dragan Milinković Fimon
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VALUE OF THE CULTURAL PRODUCT
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Article title
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VALUE OF THE CULTURAL PRODUCT
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Authors
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Dragan Milinković Fimon
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Category
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Economics
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Article type
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Science Article
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JEL Classification
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A12; Z11
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Abstract
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We have argued in this text that the questions of value are fundamental to understanding the relationships between economy and culture, and that economic and cultural value must be separated as distinct concepts in any theoretical construction of value in economical and cultural discourse. It may be that fundamental ideas, occurring in both economic and cultural theory, can indeed provide a common starting point from which the formation of value might proceed. But it is in elaboration of notions of value, and the transformation of value either into economic price or into some assessment of cultural worth, where the two fields diverge. Economists are deluding themselves if they claim that economics can encompass cultural value entierly within its ambit and that the metods of economic assessment are capable of capturing all relevant aspects of cultural value in their net. In the manysided debate about in contemporary economics settings, the tendency for a predominant economic interpretation of the world, deriving from the ubiquity and power of the modern economic paradigm, must be resisted, if important elements of cultural value are not to be overlooked. If we are serious about striving for theoretical completeness, and eventually for operational validity in decisionmaking, it is essential that cultural value be admitted alongside economic value in the consideration of the overall value of cultural goods and services.
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Key words
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Theory of Value, Economic Value, Cultural Value, Aesthetic Value, Spiritual Value, Social Value, Historical Value, Symbolic Value, Authencity Value, Individual Consumption, Collective Consumption, Private Goods, Public Goods, Modern Economic Paradigm.
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Milan Vukčević, Slaviša Zogović
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ECONOMICAL PROFITABILITY MARKINGOF ENGINEERING PROJECT SOLUTIONS
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Article title
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ECONOMICAL PROFITABILITY MARKINGOF ENGINEERING PROJECT SOLUTIONS
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Authors
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Milan Vukčević, Slaviša Zogović
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Category
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Economics
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Article type
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Science Article
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JEL Classification
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D00
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Abstract
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Realization of the engineering project, except technical correctness, is based on economic justification. Engineering economy is occupied with this problem through systematic analysis of interest and timemoney relation. The difference between projects requires different analyses of capital and money investments; therefore there isn't unique method for evaluating economic justification of project solution. Decision about economic justification of project solution is brought on the basis of analyses of methods for evaluating economic profitability of suggested project solution. On the other hand, it is pointed on project liquidity by the payback period method.
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Key words
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engineering economy, interest, economic profitability, minimum attractive rate of return, study period, interest balance.
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Literature
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Dutina J., Inženjerska ekonomija, Fakultet za proizvodnju i menandžment, Trebinje, 1998.
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Vukotić V., Makroekonomski modeli i računi, CID, Podgorica, 2001.
Perović M.J., Menandžment, Informatika, Kvalitet, CIM Centar-Mašinski fakultet Kragujevac,
Kragujevac, 2003.
Vukčević M.M., Inženjerska ekonomija, Mašinski fakultet Podgorica, Podgorica, 2007.
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Mladen Vukčević
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IMPORTANT QUESTIONS REGARDING DEVELOPMENT OF INDUSTRY IN MONTENEGRO WITH SPECIAL EMPHASIS TO TRANSPORTATION DOMAIN
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Article title
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IMPORTANT QUESTIONS REGARDING DEVELOPMENT OF INDUSTRY IN MONTENEGRO WITH SPECIAL EMPHASIS TO TRANSPORTATION DOMAIN
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Authors
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Mladen Vukčević
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Category
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Economics
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Article type
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Science Article
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JEL Classification
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L60; L91; O14
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Abstract
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The fact is that during last ten to fifteen years, Montenegro industry has suffered breakdown, that is, comedown and huge difficulties. Therefore, its comprehensive recovery needs huge financial means and
employment of all available resources. Besides, economy of Montenegro needs to be restructured and Strategy of industrial development of Montenegro is to be brought. Orientation towards tourism development, traffic and agriculture won't be sufficient in the 21st century so as to ensure increased need for capital. The issue is about the need to shape investment cycle through investing into renewal-construction along with restructuring of present Montenegrin industry. It is therefore essential to prepare innovated structure of industrial development oriented on export, port-transporting services, connecting all branches of transportation by means of integral and multimodal transport, centers for transportation of goods and container terminals; opening of the port and industrial free zones and off shore centers , which would allow for realization of models of so called open economy and entrance into the developed world in the second decade of the 21st century. However, all that process should be scientifically based, so as to unite efforts and re-cent intentions on the levels of macro and micro development of local environments and growth of Montenegrin economy. That is why the author of this research paper suggests important substances of research, methodology and direction of development.
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Key words
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development of industry, economy restructuring, directions of development, strategy
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and Entering the Developed World - Example of Croatia, Proceedings 7 th International Conference "Travel
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Lidia Kocurova
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INNOVATIVE-REPRODUCTIVE MODEL OF ECONOMY OF THE ENTERPRISE ADEQUATE TO THE MARKET
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Article title
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INNOVATIVE-REPRODUCTIVE MODEL OF ECONOMY OF THE ENTERPRISE ADEQUATE TO THE MARKET
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Authors
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Lidia Kocurova
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Category
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Economics
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Article type
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Science Article
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JEL Classification
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O12; O31
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Abstract
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If a society cannot understand what to do, it should be explained. It is impossible to construct the advanced market, without consideration in a design of economy the requirements of its laws just as it is necessary to take into account the requirement of the law of gravitation in a design of the plane. The market will destroy economy as well as the law of gravitation will destroy the plane. What does the market need from
business economy? Productivity. It always was a basis of economic life. The economic model adequate to the market, which will reproduce the enterprises on modern technologies, is necessary for human community. The author offers such model in the form of innovative-reproductive price (IRP). There cannot be a priceless model as the market is operated by prices. It will generate such relations of production in which conditions of the enterprise will feel necessity of constant updating. The design of model is so that the enterprises cannot succeed
in the market without updating technologies continuously because the basic elements of the economic knowledge are: updating and continuity.
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Key words
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amortization, scientific innovative basis, reproduction, methodology, conditions of manufacture, technical demand, high technologies, financial possibilities, the fund of innovative expenses (costs), selfcontrol,
selfgovernment, free maneuver, profit of own activity, real taxable base.
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Mimo Drašković
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BASICS AND SIGNIFICANCE OF CONSENSUS THEORY
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Article title
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BASICS AND SIGNIFICANCE OF CONSENSUS THEORY
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Authors
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Mimo Drašković
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Category
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Economics
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Article type
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Science Article
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JEL Classification
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B52: B59
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Abstract
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This article will try to explain the substance of consensus theory, its characteristics and significance for economic theory, since the French conventionalists formulated it as an alternative not only to neoclassical theory of rationality and relevant mythological individualism but also to institutional determinism. Author of this article a) examines specific interpretation of norms of behaviour of representatives of the theory, through the prism of realistic existence of numerous forms of coordination and conventions and b) tries to fill in the incomplete matrix of institutional subsystems with his own logical categories.
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Key words
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agreement, norms of behaviour, rational choice, interpretative rationality, and institutional subsystems.
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Dimitar Kovačevski
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CORPORATE INFORMATION SYSTEMS AND ORGANIZATIONAL EXCELLENT
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Article title
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CORPORATE INFORMATION SYSTEMS AND ORGANIZATIONAL EXCELLENT
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Authors
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Dimitar Kovačevski
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Category
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Economics
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Article type
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Science Article
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JEL Classification
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L86; M11
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Abstract
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Present times are characterized by a change in the standard business environment. The primary characteristics of the new environment include globalization, development of the information economy, transformation of companies and the development of digital businesses and firms. Each of these characteristics influences business conditions and the behavior of companies. The traditional way of operation is constantly changing, and the companies are facing the challenges of management on the global market, competition on the world market, constant inovation of new technologies, products and services, shorter product and service
lifecycles, decentralized and flecsibile organizational structures, efficient competition from the internet companies etc. The basic aim of this work is to present business information systems from the perspective of
corporate management and to show their importance in building an optimal organizational structure, organizational culture and organizational transformation.
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Key words
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Information systems, organization, organizational structure, organizational culture, excellent, reengineering.
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