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Archive
Volume 6 № 12
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Milan Mesarić
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IS THE SPECTRE OF SOCIALISM HAUNTING EUROPE AND THE WORLD AGAIN (IS SOCIALISM THE WISHFULL AND REAL ALTERNATIVE TO THE NEOLIBERAL CAPITALISM?)
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Article title
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IS THE SPECTRE OF SOCIALISM HAUNTING EUROPE AND THE WORLD AGAIN (IS SOCIALISM THE WISHFULL AND REAL ALTERNATIVE TO THE NEOLIBERAL CAPITALISM?)
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Authors
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Milan Mesarić
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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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N10; B14
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Abstract
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The goal of this paper is to re-examine that two-centuries-old socialist idea that has so far not had much luck in being achieved. To that end, the evolution and characteristics of various socialist doctrines are analyzed, an attempt is made to define the essence of an authentic socialist vision, after which the failed application of socialist projects in several of the most important countries and the reasons behind those failures are examined, ending with an inquiry into the prospects for achieving that intended more humane, just, and functional society in a contemporary, postindustrial, information-based, globalized world in which the dominant factor is still financial and corporate capital.
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Key words
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breakdown of "statist socialism", triumph of neo-liberalism, global hegemony of the USA, worldwide crisis of the capitalist system.
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Literature
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Božidar Roca, Veselin Drašković
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CONTEMPORARY ECONOMICS DILEMMAS, FACTORS AND PARADOXES
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Article title
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CONTEMPORARY ECONOMICS DILEMMAS, FACTORS AND PARADOXES
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Authors
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Božidar Roca, Veselin 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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B50; B52; E11; P30
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Abstract
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In this article some basic economics questions related to the theoretical modeling of the economic reality, dominantly of monetary nature, as well as their importance for creators of macro economy politics, are discussed. The advantages and disadvantages of some economics theories that analyze economy dynamics are argued, particularly from
the aspect of economics crisis prediction. The changing of macro economy paradigm and various attempts of creating synthesis of economics theories, are analyzed. It is pointed out the paradox concerning the stoppage of implementation (development) of economics institutes in comparison to the propagation of institutionalization and undoubting advantages of institutional pluralism. The starting hypothesis for resolving accumulated economics problems and paradoxes is in the
necessity of synthesized knowledge existing and creating at least minimal synthesis of rational cores of different economics theories, among which the dominant place must be reserved to the achievements of the neo-institutional economics theory.
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Key words
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economics theories, macro economy politics, economics crisis, economics institutes.
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Literature
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Igor Lukšić
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ON THE BUSINESS CYCLE AND THE FAILURE OF THE WELFARE STATE (AUSTRIAN EXPLANATION)
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Article title
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ON THE BUSINESS CYCLE AND THE FAILURE OF THE WELFARE STATE (AUSTRIAN EXPLANATION)
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Authors
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Igor Lukšić
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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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B53; E32
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Abstract
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By addressing the consequences of the ongoing crisis as well as the stimulus packages implemented by governments it appears that time is near to start reexamining the whole approach to the economic system. The concept of the welfare state has been profoundly shaken. Fundamental thesis outlaid by the classical economics and the Austrian
school are still very much relevant, as the need to face structural misbalances closely related to high public expenditures grows. The issues some EU member states have with the state of their public finances cannot emphasise that challenge enough. Though certain state functions keep their legitimacy it takes a refreshed definition of state. At the same time, there is a need to revisit economics and the relations between micro and macro aspect as well as to reexamine aggregates
such as GDP. It is clear one cannot ignore the need of humans to live in community, but also the fact our decisions are motivated by various reasons and therefore could not be predetermined. Knowledge plays role of energy that moves market forces keeping entrepreneurs awake. Extinguishing that energy is a safe way to suffocate market forces. On the
other hand, it is in the human nature to give strong legitimacy to the institutions of egalitarianism which causes the need to unify different scientific research in order to identify the long term trends. By reaffirming the Austrian business cycle theory and the need to revisit the boundaries of the state's interference into the economy it seems that economics need new energy of thought to invent a new general economics theory. This paper practices the hypothesis that consistent economic policy cannot but encompass rational nutshell of every economic theory in its mission to address the micro and macro characteristics of a concrete economy.
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Key words
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business cycle, preferences, discovery process.
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Drago Pupavac
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LOGISTIC'S CHAIN COOPERATIVE STRUCTURE - PRE-CONDITION FOR ELIMINATION OF DOUBLE MARGINAL EFFECT
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Article title
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LOGISTIC'S CHAIN COOPERATIVE STRUCTURE - PRE-CONDITION FOR ELIMINATION OF DOUBLE MARGINAL EFFECT
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Authors
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Drago Pupavac
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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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M19
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Abstract
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Logistic chains represent the connection between merchandise and cash flows and information and all participants (production, transport, sales, banking, insurance, customs, …) activity and phases (suppliers, producers, distributors, retailers, buyers) that are directly or indirectly connected in the process of satisfying the needs of final consumer.
Synergetic effects within the logistic chain can be fulfilled once all the participants become aware of the fact that their actions affect other participants and the logistic chain itself. Lack of synergetic effects represents lack of cooperation, i.e. conflicted goals of different participants who are trying to maximise their own profit at the expense of entire logistic chain. Whenever the logistics' chain profit is divided among two or more participants, marginal effect becomes predominant,
which results in lower total profit. In order to eliminate this effect it is necessary to develop cooperative vs. competitive structure within logistic chain.
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Key words
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logistic chain, double marginal, cooperative structure.
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Jovo Tauzović
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TAUZOVIC GENERAL CONTINUUM (TGC) – MODERN (SYSTEMS) METHODOLOGY OF MANAGEMENT
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Article title
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TAUZOVIC GENERAL CONTINUUM (TGC) – MODERN (SYSTEMS) METHODOLOGY OF MANAGEMENT
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Authors
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Jovo Tauzović
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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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M11
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Abstract
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Modern (systems) management methodology, called Tauzovic General Continuum (TGC), solves the problems of managing (systems) via consecutive use of the continuum of four sets: (i) cyclic, (ii) iterative, (iii) continuous, and (iv) spiral activities as follows: /1/ Activities of (comprehensive) preparations (P – with special parts: /1.1/ External preparations /the need for the existence of a system - Ep/ and /1.2/ Internal preparations /policy – conditions, limitations or opportunities, as a strategy – Ip/), /2/ Analysis activities (support or input – A), /3/ Synthesis activities (supply or transformation of inputs into outputs – S) and /4/ Control activities (valuation or actual output – C). Developed forms of TGC are based on its Basic form (/B/TGC or TGC), then continue through the Modern (MTGC), then Extended (ETGC), Upgraded (UTGC) and Conceptual (CTGC) form. Final development of the continuum leads to the creation of comprehensive (modern) innovative methodology for managing operations systems, as the basic and main parts of all modern systems. The conclusion presents the tests of some of the developed forms of TGC. It particularly highlights the possibility of its usage for the following purposes: (i) sigma six, (ii) process-based
quality management system model, and (iii) conceptual linkages of theory determination and acquiring knowledge.
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Key words
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Operations Systems, Basic Tauzovic General Continuum (/B/TGC or TGC); Modern Tauzovic General Continuum (MTGC); Extended Tauzovic General Continuum (ETOK), Upgraded Tauzovic General Continuum (UTGC), Conceptual Tauzovic General Continuum (CTGC).
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mašinstva Jugoslavije sa međunarodnim učešćem, Fakultet organizacionh nauka, Beograd.
Tuzović, J. T. (2002b): Sistemski pristup optimizaciji kvaliteta. Zbornik radova SYM-OP-IS '02, Fakultet organizacionih
nauka, Beograd.
Tauzović, J. T. (2002c): "Strategijsko osavremenjavanje (sve)obuhvatnog upravljanja kvalitetom". Zbornik radova
28. Jupiter konferencije (8. Simpozijum MANADŽMENTA KVALITETA), Mašinski fakultet, Beograd.
Tauzović, J. T. (2002d): Brodarska ekonimika i organizacija. Unireks, Podgorica.
Tauzović, J. T. (2002e): Brodarsko upravljanje. Unireks, Podgorica.
Tauzović, J. T. (2005): Tauzovićev opšti kontinuum (TOK) – osnova savremenog modela optimizacije
(sve)obuhvatnog upravljanja kvalitetom (SMOTQM). Kvalitet – časopis za unapređenje kvaliteta, Poslovna politika br. 7 – 8,
Beograd – Zemun.
Tauzović, J. T. (2006a): Savremeno strategijsko upravljanje kvalitetom (SSUK). Kvalitet – časopis za unapređenje kvaliteta,
Poslovna politika br. 7 – 8, Beograd–Zemun.
Tauzović. J. T. (2006b): Tauzovićev opšti kontinuum (TOK) – osnova Savremene (sistemske) teorije upravljanja
(STU). Zbornik radova Symorg 2006 X Međunarodnog simpozijuma "Promene organizacije i menadžmenta – izazovi evropskih integracija",
Fakultet organizacionih nauka, Beograd.
Tauzović, J. T. (2007a): "Nadgrađeni Tauzovićev opšti kontinuum (NTOK) upravljanja (kvalitetom)". Kvalitet –
časopis za unapređenje kvaliteta, Poslovna politike br. 7 – 8, Beograd – Zemun.
Tauzović, J. T. (2007b): Savremeno upravljanje nadgrađenim operacionim sistemima (sažetak). Zbornik radova
XXXIV Simpozijuma o operacionim istraživanjima, Fakultet organizacionih nradova, Beograd.
Tauzović, J. T. (2008a): Koncepcijski Tauzovićev opšti kontinuum (KTOK) upravljanja (kvalitetom). Refereat po
pozivu održan na Dvanaestom savjetovanju – PO SAVJET NA SAVJETOVANJU, Centar za kvalitet, Univerzitet
Crne Gore, Mašinski falultet u Podgorici, Miločer.
Tauzović, J. T. (2008b): "Optimalno upravljanje nadgrađenim operacionim sistemima organizacija". Zbornik radova
XI Internacionalnog simpozijuma SymOrg 2008 Menadžment i društvena odgovornost, Fakultet organizacionih nauka, Beograd.
Tauzović, J. T. (2009): Savremeno upravljanje poslovnim organizacijama (Tauzovićev opšti continuum – TOK) (Modern Management
of Business Organization /Tauzovic General Contimuum - TGC/). Unireks, Podgorica.
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Slobodan Lakić, Aleksandar Živković
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VALIDITY OF QUANTITATIVE MODELS IN FINANCIAL INDUSTRYIN THE CONTEXT OF THE FINANCIAL CRISIS
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Article title
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VALIDITY OF QUANTITATIVE MODELS IN FINANCIAL INDUSTRYIN THE CONTEXT OF THE FINANCIAL CRISIS
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Authors
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Slobodan Lakić, Aleksandar Živković
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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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G21; O16
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Abstract
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The consensus reached at the level of academic financial economists on efficient markets and rational behaviour of investors pointed, at least in the context of the current financial crisis, to the need of differentiating between dogma and facts. The breakdown of 'financialisation' is, among other things, a consequence of an absence of scientific insight into the behavior of investors and good knowledge of the functioning of institutions on the market. It is obvious that perfect markets represent a construction of economic theory. The principles of crucial mathematic theories and accounting techniques – institutionalised theory of the Nobel Prize winner, as well as its empirical test, will be the focus of analysis in this paper, starting from the hypothesis that the abstract character of proofs was the result of arbitrary assumptions and mathematical models.
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Key words
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efficient market hypothesis, random walk, leverage, financial crisis, modern portfolio theory, capital asset pricing model, model for option pricing, value-at-risk, banking, mark-to-market concept, fair value.
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Literature
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Beechey, Meredith, Gruen, David and Vickery,
James (2000), "The Efficient Market Hypothesis: A
Survey", Research Discussion Paper (January), Sidney: Reserve
Bank of Australia.
Berman, Gregg E. (2009), "The Financial Crisis,
VaR, and Banking Capital", RiskMetrics Group (September).
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Hoboken: John Wiley & Sons.
Black, Fischer and Scholes, Myron (1973), "The
Pricing of Options and Corporate Liabilities", Journal of
Political Economy 81 (3): 637–654.
Da, Zhi, Guo, Re-Jin and Jagannathan, Ravi
(2009), "CAPM for Estimating the Cost of Equity Capital:
Interpreting the Empirical Evidence", Working Paper
(April), Cambridge, MA: National Bureau of Economic
Reserach.
Dowd, Kevin (2002), Measuring Market Risk, Chichester:
John Wiley & Sons.
Fama, Eugene E. (1970), "Efficient Capital Markets:
A Review of Theory and Empirical Work", Journal of
Finance No 2 (May): 383-416.
Fama, Eugene F. and French, Kenneth R.
(1993), "Common Risk Factors in the Returns on Stocks
and Bonds", Journal of Financial Economics 33: 3–56.
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Adequacy, New York: McGraw-Hill.
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Amsterdam: Academic Press.
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(2007), "We Don't Know What We are Talking About
When We Talk About Volatility", Journal of Portfolio Management
No. 4.
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Explanation for the Failure of the CAPM", Review
(May/June), St. Louis: Federal Reserve Bank of St. Louis.
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John Wiley & Sons.
Hendrics, Darryll (1996), "Evaluation of Valueat-
Risk Models Using Historical Data", Economic Policy
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Ho, Thomas S.Y., Abrahamson, Allen A. and
Abbott, Mark C. (1999), "Value at Risk of a Bank's Balance
Sheet", International Journal of Theoretical and Applied
Finance, Vol.2, No. 1, January 1999.
Holton, Glyn A. (2002), "History of Value-at-
Risk: 1922-1998", Boston: Contingency Analysis,. History
& Philosophy of Economics 50(3), p. 821-851.
Horwitz, Richard (2004), Hedge Fund Risk Fundamentals,
Princeton: Bloomberg Press.
Howells, Peter and Bain, Keith (2005), The Economics
of Money, Banking and Finance, Essex: Pearson Education.
Jackson, Patricia, Maude, David J. and Perraudin,
William (1998), "Bank Capital and Value at Risk", London:
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Jacobson, Tor and Roszbach, Kasper (2002),
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Risk", Journal of Finance 19: 425-442.
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Božidar Roca
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THE IMPORTANCE OF THE EXISTING PARADIGMS ON THE BASIC PRINCIPLES OF SALES
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Article title
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THE IMPORTANCE OF THE EXISTING PARADIGMS ON THE BASIC PRINCIPLES OF SALES
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Authors
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Božidar Roca
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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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M31
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Abstract
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Many findings and experiences from the area of trade marketing, i.e. organization of sales function, along with the appliance of the existing scientific methodology, point to completely new and unknown egularities, that haven't been examined so far and therefore could not be studied. It implies that entire scientific field of trade, and especially sales
business and its efficient organization, has not been, in the new order of things, properly and comprehensively clarified. First of all, because its essence, influenced by new historical circumstances, has changed and raised the question of the necessity to change the existing and dominant paradigms in the area. The paper starts with the hypothesis that all this, together with the theory and practice of organizational dynamism, is a good reason to reconsider and theoretically redefine the former experiences from the discussed area.
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Key words
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trade marketing, basic principles of organization, sales business, organizational dynamism, organizational design.
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Literature
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Manning, L. G. (2008), Suvremena prodaja, Zagreb:
Mate.
Salamon, D. (2009), Biotehnološka poduzeća i mreže,
Zagreb: Stratevis.
Roca, B. (2002), Menadžment trgovinskih preduzeća,
Subotica: Ekonomski fakultet.
Robbins, S. P. (2005), Menadzment, Beograd:
Delta status.
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Vujica Lazović, Tamara Đuričković
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ECONOMIC ANALYSIS OF THE eGOVERNMENT DEVELOPMENT IN MONTENEGRO
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Article title
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ECONOMIC ANALYSIS OF THE eGOVERNMENT DEVELOPMENT IN MONTENEGRO
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Authors
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Vujica Lazović, Tamara Đuričković
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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; H00; M21; L86
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Abstract
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eGovernment is a modern solution for the efficient functioning of the state system and represents an important segment of the information society. Creating an information society is not optional, but gradually becomes an obligation. Conditions in the business and other environment requires active adjustment and introduction of eBusiness.
Knowledge of the legality of information technology is a necessary condition for any progress. The system of eGovernment encourages the creation of eCulture, which is becoming essential for all types of business and everyday activities. Passive observation of eWorld mean lag in technological and business development with serious
consequences. IT offers many development opportunities that come with cooperation and respect of the new rules. Information age necessitates continuous education, which acquired the necessary knowledge about IT developments. This paper aims to identify and analyze the sophistication of eGovernment services in Montenegro, to provide review and make recommendations for further development of these services in order to create information or eSociety.
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Key words
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eGovernment, eBusiness, information society, participation, ICT.
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Literature
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Bhatnagar, S. (2003), The Economic and Social
Impact of eGovernment, Ahmedabad: Indian Institute of
Management,.
Bonham, G. M., Seifert, J. W.,Thorson, S. J.
(2003). The Transformational Potential of e-Government,
Maxwell School of Syracuse University,
http://www.maxwell.syr.edu/maxpages/faculty/gmbonh
am/ecpr.htm
Castells M. (2001), The Internet Galaxy, Reflections
on the Internet, Business and Society, New York: Oxford
University Press.
Info Dev, Center for Democracy & Technology
(2002), The E-Government Handbook For Developing Countries
McKeen, J. D. , Smith, H. A. (2003), Making IT
happen, critical issues on IT management, John Wiley & Sons,
Ltd, England.
Melitski, J. (2001) The World of Egovernment and Egovernance,
http://www.aspanet.org/solutions/The World
of E-government and Egovernance.htm.
Peacey, B. (2002), Socio-Economic impacts of ICT –
eGovernment@ the Local Level – A discussion paper, Department
of Sociology and Anthropology, University of
Canterbury.
Pardo, T. A. (2000) "Realizing the Promise of
Digital Government: It's More than Building a Web Site",
Information Impact.
Riley, T. B. (2003), E-Government – The Digital
Divide And Information Sharing: Examining The Issues,
Commonwealth Centre for E-Governance.
Seifert, J. W., Bonham, M. (2005), The Transformative
Potential of E-Government in Transitional Democracies, Congressional
Research Service, Library of Congress, USA, G.
Maxwell School, Syracuse University, USA.
The Economist Intelligence Unit (2004), EGovernment
in Central Europe,Rethinking public administration.
The Working Group on E-Government in the
Developing World (2002), Roadmap for E-Government in the
Developing World, 10 Questions E-Government Leaders Should
Ask Themselve
Vlada Crne Gore, Ministarstvo za informaciono
društvo (2009), Strategija razvoja Informacionog društva u Crnoj
Goriod 2009. do 2013. godine, www.gov.me.
Wagner, C., Cheung, K., Lee, F., Ipiscw, R.
(2009), Enhancing E-Government in Developing Countries:
Managing Knowledge through Virtual Communities, Department
of Information Systems, City University of Hong Kong.
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Dragan Lajovic
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REGIONAL DEVELOPMENT IN MONTENEGRO – ENTREPRENEURIAL ASPECT
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Article title
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REGIONAL DEVELOPMENT IN MONTENEGRO – ENTREPRENEURIAL ASPECT
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Authors
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Dragan Lajovic
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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
|
018
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Abstract
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Regional development is defined as a long–term process of improving sustainable economic and social development of certain areas, which is achieved through recognition, promotion and management of development potential of certain areas. Regional development policy is a set of objectives, priorities and measures aimed at achieving economic
growth and sustainable development, reducing regional disparities within the country in order to achieve balanced sustainable economic development. In Montenegro, there are significant differences in the degree of development of three regions: Southern, Middle (Central) and the North, as well as the development gaps within the region.
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Key words
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regional development policy, balanced regional development, institutional framework.
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Literature
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Council Regulation (EC) N0 1085/2006 of 17
July 2006 establishing an Instrument for Pre-Accession
Assistance (IPA).
Commission Regulation (EC) No 718/2007 of
12 June 2007 implementing Council Regulation
(EC) No 1085/2006 establishing an Instrument for preaccession
assistance (IPA).
EU Regional Policy 2007-2013, Publications
Office, 2008.
Mirić Ognjen, Mr - Regionalna politika EU kao motor
ekonomskog razvoja, 2010.
Pike, Andy et al. Local and Regional Development,
Routledge New York, 2006.
Strategic Coherence Framework 2011-2013 –
IPA, Goverment of Montenegro, 2010.
Tron, Zsuzsanna – Evaluation Methods of european
Regional Policy and Reasons for Different Outcomes,
Romanian Economic Journal, Volume 12 (2009),
Issue 32.
Therborn G. European Modernity and Beyond:
The Trajectory of European Societies, 1995;
http://ec.europa.eu/regional_policy;
http://ec.europa.eu/employment_social;
http://www.eib.org.
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Vladimir Ponomarenko, Ludmila Dorokhova, Oleksandr Dorokhov
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BRENDING AS THE TOOL FOR REALIZATION OF MARKETING STRATEGIES
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Article title
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BRENDING AS THE TOOL FOR REALIZATION OF MARKETING STRATEGIES
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Authors
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Vladimir Ponomarenko, Ludmila Dorokhova, Oleksandr Dorokhov
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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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М39
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Abstract
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The role and place of branding in the sale of drugs and medical supplies has been examined. The classification of pharmaceutical brands is given. The basic ways and instruments for the development of brands and their elements on the pharmaceutical market has been described. The main approaches to manage the development and promotion of drug's products brands are analized. The main tasks and perspectives of branding on the sale of drugs in retail pharmacies are presented.
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Key words
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brand, branding, brand name, pharmaceutical market, distribution of drugs.
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Literature
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Aaker, D. (1996), Building Strong Brands, New
York: The Free Press.
Aaker, D. (2000), Brand Leadership, New York:
The Free Press.
Aaker, D. (2004), Brand Portfolio Strategy, New
York: The Free Press.
Gobe, M. (2001), Emotional Branding, New York:
Allworth Press.
Ries, A. (2002), The 22 Immutable Laws of Branding,
New York: Harper Businessю
Wheeler, A. (2003), Designing Brand Identity, New
Jersey: John Wiley & Sons.
Яворский, Д. (2007), "Фармацевтическая тор-
говая марка: проблемы выбора", Фармация, N0 8, 22-24.
Артемов, А. (2006), Брендинг в фармацевтике:
Российский опыт, М.: Литтерра.
Пашутин, С. (2006), Маркетинг фарминдустрии,
М.: Вершина.
Смит, М. (2005), Фармацевтический маркетинг:
принципы, среда, практика, М.: Литтерра.
Берри, К. (2001), Коммуникации стратегического
маркетинга, М.: Юнити-Дана.
Темпорал, П. (2003), Эффективный бренд-
менеджмент, СПб.: Нева.
Макленнан, Д. (2004), Планирование брендов в
фармацевтической индустрии, М.: Литтерра.
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Mimo Drašković
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CONTEMPORARY TENDENCIES IN THE DEVELOPMENT OF SEA PORTS
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Article title
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CONTEMPORARY TENDENCIES IN THE DEVELOPMENT OF SEA PORTS
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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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L91; D30; F02
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Abstract
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The paper discusses the influence of economic tendencies on the development of sea ports, the effects of the containerization development on the evolution of integrated marketing logistics strategy. It also deals with the enhanced concentration of the port transport and logistics operators and the development of port logistics efficiency. In addition to this, we also provide the comparative analysis of the development of Adriatic and Mediterranean sea ports and financial analysis of selected development trends in sea ports marketing logistics. We start with the hypothesis that the flow of goods and logistics, as well as the integration of functional logistics in sea ports, dominantly determine the
development of global markets.
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Key words
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sea port, integrated port marketing logistics, concentration of port transport, logistics efficiency of sea ports.
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Literature
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Arvis, J. P. et al. (2008), "Connecting to Compete: Trade Logistics in the Global Economy", The Global Enabling
Trade Report , World Economic Forum.
Bardhan, P. (2010), "Ogoljene Kina i Indija", Vijesti, 2. decembar.
Barić, S. Devčić, I. , Valenčić , M. (2008), "Analiza kontejnerskog prometa Luke Rijeka u usporedbi s
konkurentskim lukama Kopar i Trst", Pomorski zbornik 45 (1), 165-179.
Bird, A. J. (2007), "The development of global container transshipment terminals", in: Wang, J. et al. (eds.), Ports,
cities, and global supply chains, Ashgate, Aldershot, 69-87.
Bird, J., A., Notteboom, A., Rodrigue, J. P. (2005), "Port Regionalisation: Towards a New Phase in Port Development",
Maritime Policy &Management (www.aegirparts.com, pre-uzeto 19.06.2010)
Blonigen, B. A., Wilson, W. W. (2006), "International trade, transportation networks, and port choice"
(http://www.nets.iwr.usace.army.mil/docs/PortDevInternalTransport/ Port Choice114.pdf, preuzeto 12. 06.2010)
Cordeau, J. F., Gaudioso, M., Laporte, G., Moccia, L. (2007): "The service allocation problem at Gioia Tauro
Maritime Terminal", European Journal of Operational Reasearch N0176, 1167 - 1184.
De Langen, P. (2008), "Ensuring Hinterland Access: The Role of Port Authorities", JTRC OECD/ITF Discussion
Paper 2008-11.
Drašković, M. (2010), Ekonomija morskih luka, Kotor: Fakultet za pomorstvo.
Dundović, Č., Hlača, B. (2007), "New concept of the container terminal in the port of Rijeka", Pomorstvo 21(2),
51 - 68.
Eurostat (2007) "Maritime transport of goods and passengers 1995-2005", Statistics in Focus Transport N0 94
(http://epp.eurostat.ec.europa.eu, preuzeto 12. 06. 2009).
Grossmann, H., Otto, A., Stiller, S., Wedemeier, J. (2007.), "Growth Potential for Maritime Trade and Ports in
Europe", Intereconomics 42(2), 226 - 231.
Hauselmaier, S. Lončarić, I. Mataruga, A. (2007), "Strategija razvoja Luke Rijeka d.d.", Pomorski zbornik 45 (1),
153-163.
Halcrow, R. W. (2009), What Happened in 2009and Where Do We Go From Here?, Sharleston: AAPA.
Jugović-Poletan, T., Cvetković, M. (2008), "Analiza i prognoza glavnih tokova kontejnerskog prometa u svijetu",
Pomorstvo god. 22, br. 1, 53-71.
Qianwen, L. (2010), Efficiency Analysis of Container Ports and Terminals, London: Centre for Transport Studies
Department of Civil, Environmental and Geomatic.
Mujo, H. K. (2009), "Kontejnerski promet na sredozemlju s posebnim osvrtom na sjevernojadranske luke",
Naše more 56 (1-2), 16-25.
Notteboom, T. and W. Winkelmans (2001), "Structural Changes in Logistics: How do Port Authorities Face
the Challenge?", Maritime Policy and Management N0 28, 71-89.
Notteboom, T. (2004), "Container shipping and ports: an overview", Review of Network Economics, 3(2), 86-106
Notteboom,. T. E., Rodrigue, J. P. (2005), "Port Regionalization: Towards a New Phase in Port Development",
Maritime Policy &Management (www.aegirparts.com, preuzeto 19.06.2010)
Notteboom, T., Rodrigue, J. P. (2008) "Containerization, Box Logistics and Global Supply Chains: The Integration
of Ports and Liner Shipping Networks", Maritime Economics & Logistics Vol. 10, N0 1-2, 152-174.
Rudić, D., Hirnig, S., Rudić, B. (2007), "Luka Rijeka - logistička platforma prometnog sustava", Suvremeni promet,
vol. 27, 26-31.
Shenon, S. H. (2007), World Port Institutions and Productivity: Roles of Ownership, Corporate Structure, and Inter-port
Competition, UNCTAD.
Tijan, E. Agatić, A., Hlača, B. (2010), "Evolucija informacijsko-komunikacijskih tehnologija na kontejnerskim
terminalima", Pomorstvo god. 24, br. 1, 27-40.
U.S. Department of Transportation (2009), America's Container Ports: Freight Hubs That Connect Our Nation to Global
Markets.
Vilke, S. (2005), "Koncepcija razvitka sjevernojadranskih luka Rijeke, Kopra i Trsta", Pomorski zbornik, god. 43,
85-112.
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Milica Radović
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CORPORATE GOVERNANCE : THE STATE, PROBLEMS AND PERSPECTIVES
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Article title
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CORPORATE GOVERNANCE : THE STATE, PROBLEMS AND PERSPECTIVES
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Authors
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Milica Radović
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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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М14
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Abstract
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The structure of corporate governance in Serbia corresponds to the European model, primarily to the Germanic legal tradition. The research in this paper has aimed at the establishing of the state of corporate governanace in Vojvodina and giving the recommendations for further development. The research was conducted in the period 2004-2008 by the method of the data analysis, of the survey and of the interview with: the members of board of directors and the members of supervisory board, the shareholders and the persons in charge of the contact with investors. The survey questionnaire was composed on the basis of OECD Principles. The questions in the questionnaire are grouped into
four groups: the first group of questions refers to the basic data on corporation, the second group is about the manner of governance, the third group comprises the data on the composition, operation and remuneration of board of directors and supervisory board, and the fourth group of questions refers to transparency and audit. Besides the survey, the data is analysed on: the ownership structure, the composition of boards of directors and supervisory boards, the reporting by web pages and the volume of trading in the stock market. On the basis of the research results, the recommedations for improvement have been given.
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Key words
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Corporate governance, ownership structure, legal protections, board of directors.
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Literature
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Begović B. and others, (2003)The improvement of
corporate governance, CLDS, Belgrade.
Blair M (1995), Ownership and Control. Rethinking
Corporate Governance for the Twenty-First Century.
The Brookings Institution. Washington.
Cadbury Report (1992). Report of the Committee
on the Financial Aspects of Corporate Governance,
London, GEE.
Chandler A. D (1990). Scale and Scope: Dynamics of
Industrial Capitalism, The Belknap Press of Harvard University
Press. Cambridge.
John Carver (2002). Corporate boards that create
value, Jossey-Bass of John Wiley&Sons.
Lojpur A., (2004), Corporate governance in
theory and practice, University of Podgorica, Faculty of
Economics, Podgorica.
Princples of Corporate Governance. (2004).
OECD.
Radović M., (2010), Corporate governanceexperiences
of the corporations in Vojvodina, USEE,
Novi Sad.
Radović M., (2009). Global economic crisis and
the Importance of CORPORATION GOVERNANCE
FOR SERBIA. CHALLENGES OF THE WORL
ECONOMIC CRISIS, University of Niš, Faculty of Economics.
p. 95-105.
Ristić Ž., Corporate governance in EU and Serbia
and Montenegro, Prizma, February 2004, p 12-22.
Stability Pact – South East Europe Compact
for Reform, Investment, Integrity and Growth –
WHITE PAPER ON CORPOERATE GOVERNANCE
IN SOUTH EAST EUROPE – Prepered by
the South East Corporate Governance Roundtable and
the Corporate Affairs Division in Co-peration with the
Investment Compact
Team, June 2003. OECD www.stabilitypact.org
Law on business companies, Official Gazette of
the Republic of Serbia, 125/04
www.stabilitypact.org
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Boris Volovikov
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FORMATION OF THE CONCEPT OF STRATEGIC DEVELOPMENTOF PRODUCTIVE ENTERPRISES
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Article title
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FORMATION OF THE CONCEPT OF STRATEGIC DEVELOPMENTOF PRODUCTIVE ENTERPRISES
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Authors
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Boris Volovikov
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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
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Abstract
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The paper presents a new approach to strategic development concept of an industrial enterprise. United by one strategic goal, referred to in article methodology of forming functional strategies can achieve the greatest efficiency of the planning process. Particular attention is paid to the definition of new functional strategies - innovation and marketing,
provided the content, the appropriateness of the application for industrial enterprises.
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Key words
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concept of strategic development, functional strategies, innovative marketing strategy, content strategy, methods of formation.
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Literature
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/1/ Клейнер Г.Б. Механизмы принятия стратегичес-
ких решений на промышленных предприятиях: (ре-
зультаты эмпирического анализа). - М., 1998. - 82 с.
/2/ Клейнер Г.Б., Тамбовцев В.Л., Качалов Р.М.
Предприятие в нестабильной экономической среде:
риски, стратегия, безопасность. - М.: Экономика, 1997.
- 286 с.
/3/ Попов Е.В. Рыночный потенциал предприятия. -
М. : ЗАО Издательство «Экономика», 2002.
/4/ Ханжина В.Л., Попов Е.В. Структура рыночного
потенциала предприятия// Проблемы теории и прак-
тики управления. - 2001. - № 6.
/5/ Коробейников О.П., Трифилова А.А. Интеграция
стратегического и инновационного менеджмента//
Менеджмент в России и за рубежом. - 2001. - № 4.
/6/ Ефремов В.С. Организации, бизнес-системы и
стратегическое планирование// Менеджмент в Рос-
сии и за рубежом. - 2001. - № 2.
/7/ Ткаченко, Д.Д. Стратегическое планирование как
инструмент повышения эффективности промышле-
нного предприятия // Стратегия и тактика управления
предприятием в переходной экономике: Межвузов-
ский сборник научных трудов / ВолГТУ. - Волгоград,
2004. - С. 174-187. - 0,88 п.л.
/8/ Ткаченко, Д.Д. Задачи стратегического планиро-
вания на предприятии // Стратегия и тактика управ-
ления предприятием в переходной экономике: Межву-
зовский сборник научных трудов / ВолгГТУ. - Волго-
град, 2005. - С. 94-102. - 0,5 п.л.
/9/ Стратегия развития оборонно-промышленного
комплекса до 2015 года, Сайт relero.ru.
/10/ Фролов Е.Б., Загидуллин Р.Р. MES-системы, как
они есть или эволюция систем планирования произ-
водства. ERPNEWS, erpnews.ru/doc2592.html
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Goran Vuletić
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THE PROJECT MANAGEMENT SPECIFICS IN CONSTRUCTION WORKS
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Article title
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THE PROJECT MANAGEMENT SPECIFICS IN CONSTRUCTION WORKS
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Authors
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Goran Vuletić
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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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O22; L74; M11
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Abstract
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Today, in fast changement times of the business environment, project management is used to perform complex relations and connections between tecnologies, informations, tasks, processes and human resources. Success in this kind of complex business environment depends on strategic decisions of the top management and appropriate definition of the project management. Rational project management is a suposition for quality decision making. This paper is an attempt to emphasise project management as an economy discipline, which is constantly in trend of adaptation to the business development and its sucess. The main goal of this research is related to explonations and analysis of : a) basis of teory definitions, categories and meanings, as well as methodology-theory framework in general, as a suposition for
project preparation in the construction works, and b) dynamics of preparation of the project basis in relation to Law framework in the field of construction works and c) implementation of concrete project. Working hypotesis has been achieved, stating that: in the construction works all theoretical and methodological basis of the project management, such
all the specific techniques related to the operation documentation and law framework, are to be used.
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Key words
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Project, Management by Project, Construction Works.
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Literature
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Bauk, S. (2010), Metode optimizacije u menadzmentu,
Podgorica: Univerzitet Crne Gore.
Balakrishnan, N., Render, B., Stair, R. M. (2007),
Managerial Decision Modeling with Spreadsheets, 2nd edition,
New Jersey: Prentice-Hall Inc.
Berkun, S. (2005), The Art of Project Management.
Sebastopol, CA: O'Reily Media.
Bobera, D. (2003), Projektni menadžment, Subotica:
Ekonomski fakultet
Drašković, V. i dr. (2006), Osnovi projekt menadžmenta
sa primjerima, Kotor: Fakultet za pomorstvo
Đuranovic, P., (2004), Upravljanje gradjevinskim
projektima, Gradjevinski fakultet Podgorica
Jovanović, P. (1995), Upravljanjre projektom,
Beograd: Fakultet organizacionih nauka.
Lazić, Lj., Projekt menadžment u 10 koraka, http://
www. tensteps.risk (preuzeto: 15.10.2010)
Levine, H. A. (2002), Practical Project Management:
Tips, Tactics, and To-ols, New York: John Wiley & Sons, Inc.
(ISBN 0-471-20303-3)
Mužinić, F., Škrlec, D. (2007), "Modeliranje projektnih
rizika u razvoju projekta vjetroelektrane", Energija
br. 4, god. 56.
Organizacija JIP-a (pregled) (2010), Podgorica:
Europe AID.
Principles of Risk Management, http://www.google.
com/search?hl=sr&q=Principles+of+Risk+Management
+pdf&lr= (preuzeto 12.09.2010)
Radović, D. (2008), "Rizik u projekt menadžmentu",
Montenegrin Journal of Economics N0 7, Vol IV, 135-
139.
Shogan, A. W. (1988), Management Science, University
of California, Berkeley, New Jersey: Prentice-Hall Inc..
Upravljanje rizicima sa stanovišta interne revizije
(2007), Institut za internu reviziju IIA Austrija, http://
www.hiir.hr/PDF/ Upravljanje % 20rizikom%20 sa %20
stajalista%20interne%20revizije.pdf - preuzeto 26.09.2010.
Vujasinović, R. (2007), Procjena i upravljanje rizicima
investicionih projekata – magistarski rad, Zagreb: Sveučilište
u Zagrebu.
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Mimo Drašković, Aleksandra Martinović
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THE ACCESSION TO EUROPEAN UNION AND THE CONCEPT OF "MONTENEGRO AS A FREE ZONE"
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Article title
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THE ACCESSION TO EUROPEAN UNION AND THE CONCEPT OF "MONTENEGRO AS A FREE ZONE"
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Authors
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Mimo Drašković, Aleksandra Martinović
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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; F19; O57; R10
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Abstract
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The subject of this paper is the analysing of the possibility of transforming the entire area of Montenegro into an adjusted form of free zone. In terms of its territory and economy, Montenegro is an extremely interesting economic area, having numerous unused resources and location possibilities. Their proper identification and valorisation are the precondition for the consideration the stated idea of expanding the Port of Bar Free Zone. The paper examines the elementary project-methodological framework relevant for the discussion on the topic, as well as specific possibilities related to the project modelling of the basic thematic idea. We are starting with the hypothesis that many economic and project parameters speak for the justification of the idea for the formation of a free zone in the entire area of Montenegro.
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Key words
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Free Zone, Montenegro, European Union.
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Literature
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Agenda Ekonomskih reformi Crne Gore 2005-2007,
Podgorica: Vlada Crne Gore.
Antić, S. (2006), "Upravljanje projektom razvoja
distributivnog centra", Zbornik Projektno upravljanje organizacijama
– novi pristupi, Beograd: Fakultet organizacionih
nauka, 480-484.
Boreta, G. (2010), Projektna razrada mogućnosti realizacije
koncepcije Crna Gora slobodna zona, magistarski rad,
Kotor: Fakultet za pomorstvo.
Drašković, M. (2005), "Elementi menadžmenta u
svjetskim modelima slobodnih zona", Montenegrin Journal of
Economics Vol. 1, N0 2, 185-195.
________ (2008): "Ekonomski razvoj Crne
Gore i Evropska Unija s aspekta kriterijuma konvergencije",
Montenegrin Journal of Economics N0 7, 111-119.
Drašković, V. (2001), "Kočioni mehanizam YU
tranzicije", Ekonomist br. 2, Vol. 34, 67-73.
__________ (2005), Slobodne zone – autorizovana
predavanja Kotor, Fakultet za pomorstvo.
__________ (2010), "Neoliberalni mitovi globalizacije
i pseudo-tržišne tranzicijske privrede", Montenegrin
Journal of Economics Vol. VI, N0 11, 9-16.
Drašković, V., Jovović, R., Drašković, M. (2006),
Slobodne zone i strana ulaganja, Podgorica: ELIT – ekonomska
laboratorija za istraživanje tranzicije.
Družić, ... (2007), Ekonomija br. 1, god. 14, 1-37.
Ekonomska politika Crne Gore za 2009. godinu ,
Podgorica: Vlada Crne Gore.
Export processing zones: Selected country experiences
(1993), Geneva: UNCTAD.
Sivalingam, G. (1994), The Economic And Social
Impact of Export Processing Zones: The case of Malaysia, MEP,
WP No. 66, Geneva: ILO.
Skoko, B. (2009), "Zemlje Zapadnog Balkana u
procesu pridruživanja Europskoj Uniji – instrumenti
financijske potpore", Poslovna izvrsnost, God. III, br. 1.
Strategija podsticanja stranih direktnih investicija (2006),
Podgorica: Vlada Crne Gore.
The Global Competitiveness Report 2007-2008 (Jan.
2008), World Economic Forum.
The Global Competitiveness Report 2009-20108
(2009), World Economic Forum.
Vedriš, M. (2007), "Hrvatska i Evropska Unija:
Kopenhaški kriterijumi konvergencije i nacionalna konkurentnost",
Ekonomija br. 1, God. 14, 79-105.
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Branislav Brcanski
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PROBLEM OF INVESTMENTS AND IMPLEMENTATIONS PROFITSIN EMERGING MARKETS
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Article title
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PROBLEM OF INVESTMENTS AND IMPLEMENTATIONS PROFITSIN EMERGING MARKETS
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Authors
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Branislav Brcanski
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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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G10; G23; G24
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Abstract
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Emerging markets are very interesting and attractive investment for investors to realize profits. However, many of them are faced with many problems, certain limitations and challenges not encountered in developed markets. Also, investors emphasize the potential of the fast growing market that is the result of economic reforms, reform of the fees and taxes, liberalization of the law in relation to foreign direct investment and adequate transparency of the company in an environment in which they operate. In addition, institutional investors emphasize the downward potential of the developed markets, which normally leads to declining profit rates and narrowing the maneuvering space for investment. The paper explores key aspects of private equity funds investing in emerging markets, starting from the fact that the high-profit character and that complex.
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Key words
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Private Equity Fund, Emerging Market, Investors.
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Literature
|
Accademy Southwest Fund (2005), Private Placement
Memorandum, Academy Ventures, USA.
Anila Fund III (2002), Private Placement Memorandum,
Anila, USA.
Anson, M. (2002), Handbook of Alternatives Assets,
John Wiley&Sons, USA,.
Bene, G. (2005), Note on Private Equity Deal Structures,
Tuck Centar for Private Equity and Entreprenuership,
USA.
Biggs, S., Kershaw, V. Private Equity: UK, PLC
Global Counsel Private Equity Handbook, Great Britain.
Copernicus Capital (2007) Private Equity Investments
in SEE, Belgrade Srbija.
Erić, D. (2003), Finansijska tržišta i instrumenti,
Čigoja štampa, Beograd, Srbija.
Hatch, R. (2003), Note on Private Equity Asset Allocation,
Tuck School of Business at Dartmouth, USA.
Mitchell, N. (2006), Higher Returns, Higher Risks-
Private Equity Investment in Emerging Markets, Young Venture
Capital Society, USA,.
PriceWaterHouseCoopers (2004), A Guide to Private
Equity, PriceWaterHouseCoopers/BVCA, Great Britain.
Seminar of Private Equity Investing in Emerging Markets
(2008).
Sheng, A (2005), Attracting Global Investors to Emerging
Market. IOSCO Emerging Markets Regional Training
Seminar, Hong Kong.
Vunjak, N. (1999), Finansijski menadžment, Ekonomski
fakultet Subotica, Srbija.
Vunjak, N., Kovačević, Lj. (2003), Finansijsko tržište
berze i brokeri:savremeni finansijski trendovi, Subotica, Srbija,
2003.
World Economic Forum (2007), Innovations in Private
Equity Investing: Capital Opportunities for Social and Envirnmental
Impact, World Economic Forum, USA, 2007.
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Nikola Milović
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THE EXPANDED EUROPE AND MONTENEGRO - ECONOMIC CHANGES AND RISKS
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Article title
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THE EXPANDED EUROPE AND MONTENEGRO - ECONOMIC CHANGES AND RISKS
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Authors
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Nikola Milović
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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
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Abstract
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The European Union represents a unique regional integration of countries in the world and its future can
hardly be spoken of, if we are not acquainted with the goals, stages and models of its origin. The Union has started its
life on a narrow domain of cooperation among countries of similar values, in order to strengthen trust, exchange and
their defense power to the Soviet block. The initial success of the ECSC showed that the economic motive and interest
is the best way for the initial defined goal to be realized. As already said, the original idea of the formation was the
achievement of the certain level of political integration of European Countries, in order to avoid the emergence of new
wars and conflicts on the European continent. In some way this is made with the stabilization of the entire European
continent with broadening with six new countries and increase of the overall economic strength and power in the world.
Since the formation, EU has expanded geographically and deepens institutionally and 60 years of its existence were
marked by great efforts in achieving full economic integration in this region. Two processes deepen economic integration
and expand to new EU countries are held together and constitute relatively long history of regional integration.
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Key words
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The European Union, Montenegro, European integrations, economic policy
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Literature
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Đurović, G. (2006), "Crna Gora: od spoljnotrgovinske
ka Evropskoj Uniji", Ekonomski fakultet Podgorica,
skripta, Podgorica.
El-Agraa Ali M. (2004), "The European Union-
Economics & Policies", Prentice Hall, London.
European Commission (2006), "Enlargement,
Two Years After – An Economic Success", Communication
from the Commission to the Council and the European
Parliament.
Jovanović, M. (2004), "Evropska ekonomska
integracija" , Ekonomski fakultet, Beograd.
Kovač, O. (2003), "Međunarodne finansije",
Centar za izdavačku djelatnost, Beograd.
Lopandić, D. (2004), "Ugovori Evropske Unije",
Kancelarija Srbije i Crne Gore za pridruživanje Evropskoj
uniji, Beograd.
Luise Herschtel, M. (2004), "Proširena Evropa:
Ekonomske promjene i očekivanja", Vlada Republike
Crne Gore, Podgorica.
Emerson, M. et al. (2006), "Just what is this
'absorption capacity' of the European Union?", CEPS.
Miščević, T. (2005), "Pridruživanje Evropskoj
uniji", Institut za ekonomska i socijalna istraživanja, Beograd.
Prokopijević, M. (2005), "Evropska unija -
uvod", JP Službeni glasnik, Beograd.
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Žarko Božović, Jovan Đurašković
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HUMAN RECOURCE – A DECISIVE DEVELOPMENT FACTOR FOR THE TOURISM IN MONTENEGRO
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Article title
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HUMAN RECOURCE – A DECISIVE DEVELOPMENT FACTOR FOR THE TOURISM IN MONTENEGRO
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Authors
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Žarko Božović, Jovan Đurašković
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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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L83; O15
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Abstract
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An important factor of business success and a development of a certain area or business subjects has been
determined by the abundance, quality and a combination of development factors. A determining postulate in the paper
starts with the expert individuals as the basic factor for the development of tourist industry. The research is related to the
economic structure and the development of tourism. The additional motif is the fact that within the transformation of
political and economic system of Montenegro the least has been achieved in the field of transformation of the human resource
management function. Namely, the high degree of ownership and organizational transformation has been achieved
while the biggest obstacles have been found in the area of human resource re-engineering. These obstacles are related to
changes and in the majority of companies the human resource management has been practically reduced to a personal
department. The companies have maintained a social dimension and they are still far from being economic subjects. This
type of relation is specially present in the employment and the solving of redundancy problems.
Having in mind the fact that the tourism is the priority developmental route of Montenegro the quality of tourist product
has to be achieved and competitiveness of this industry has to be raised to a higher level. On the other hand the multiplicative
effect of tourism includes the very demand for a quality product and the valorization of other, first of all, economy
branches like agriculture, trade, traffic as well as activities related to culture, education, science which implies the investment
in the education of expert individuals in tourism and the permanent learning process. In order to achieve this goal
not only the role of expert individuals is important but also all those of employed in tourism and the whole population in
the location in both coastal and mountain tourism.
The re-engineering of human resource management implies a necessary changing of the role of human resource function of
a company – from a personal service to the leading business function with expert individuals who have knowledge,
creativity, competence and communication skills.
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Key words
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tourism, human resources, human resources management, re-engineering
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Literature
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1. Bahtijarević Šiber, F. (1999), Menadžment ljudskih
potencijala, , Zagreb: Golden marketing.
2. Božović, Ž. (1992), "Efikasnost i promocija
kadrova u Crnoj Gori – diploma i znanje", Politika razvoja
1-2, 33-38.
3. Stefanović, V., S. Blagojević, S. (2009), Menadžment
ljudskih resursa u turizmu, Univerzitet u Novom
Sadu, Novi Sad.
4. Strategija razvoja turizma u Crnoj Gori do 2020
(2008), Podgorica: Ministarstvo turizma i zaštite životne
sredine.
5. Vujić, V. (2008), Menadžemnt ljudskog kapitala,
Fakultet za turistički i hotelijerski menadžment, Opatija.
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Saša Vujošević
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SECURITY OF THE WEB SITES OF THE MONTENEGRIN BANKS
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Article title
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SECURITY OF THE WEB SITES OF THE MONTENEGRIN BANKS
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Authors
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Saša Vujošević
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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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G21; L81; L86
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Abstract
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As the simplest form of electronic banking can be considered presentation of the bank on the Internet.
Through its website, the bank is advertising, and communicateing with it's clients. Therefore, for the credibility of
the bank, an important security component of the site, is securing the site from various vulnerabilities. Also, if the
site of a bank is a subject to any of the vulnerabilities, in some cases may come to the theft of confidential customer
data. In this paper, we show omissions that were discovered on the sites of Montenegrin banks and give suggestions
for their elimination.
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Key words
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electronic banking, security, vulnerability
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Literature
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[1] Acunetix: http://www.acunetix.com/
[2] Cross, M., Palmer, S., Kapinos, S., Petkov, P.
D., Meer, H., Shields, R., Muttik, I., Temmingh, R., Web
Application Vulnerabilities Detect, Exploit, Prevent, Syngress
Publishing, Inc., 2007.
[3] Grossman, J. Hansen R., Petkov P. D., Rager
A., XSS Attacks: Cross Site Scripting Exploits and Defense,
Syngress Publishing, Inc., 2007.
[4] Network Security Solutions, "Statistika bezbednosnih
propusta web prezentacija banaka u Srbiji",
decembar 2009.: http//www.netsec.rs
[5] Shema, M., Seven Deadliest Web Application
Attacks, Syngress Publishing, Inc., 2010.
[6] WhiteHat Security: "WhiteHat Website Security
Statistic Report", Spring 2010, 9th Edition:
http://www.whitehatsec.com/
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Biljana Rondović
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SUPPOSITIONS FOR DEVELOPMENT OF E-BUSINESS IN THE MONTENEGRO
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Article title
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SUPPOSITIONS FOR DEVELOPMENT OF E-BUSINESS IN THE MONTENEGRO
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Authors
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Biljana Rondović
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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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L81
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Abstract
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The paper presents analysis of acceptability of ICT in companies, and which are the companies that have the
pissibility to introduce the concept of electronic business. The main goal of this paper is to understand barieres of entering
in electronic market.
In this paper, beside current issues, strategic priorities and directions will be defined for the development of e-business, as
the main segment for the development of information society in Montenegro. In spite of positive attitude toward e-business,
its potentials in the countries of Montenegro are not yet developed.
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Key words
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New Economy, e-buseiness, information, globalization, knowledge, development
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Literature
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Castells, Ma. (2009), The Information age:Economy,
Society and Culture- The rise of the Network society, Blackwell.
European Comission (2005), 'The European e-
Business Report',Brisel.
Institute for strategy studies, (2006), 'ICT
SURVEY '06', (ISSP), Podgorica.
McKeen, J. (2003), Making IT happen, critical issues
on IT management, John Wiley & Sons, Ltd, England.
Peacey, B. (2002), Socio-Economic impacts of ICT –
eGovernment@ the Local Level – A discussion paper, Department
of Sociology and Anthropology, University of
Canterbury.
Radojević, G. (2005), Sektorska analiza tržišta
telekomunikacija Crne Gore, Center for aplicational researches
and analysis (CARA).
Riley, T. B. (2003), The Digital Divide And Information
Sharing: Examining The Issues, Commonwealth Centre
for E-Governance
UNDP (2006), E-SEEurope- Regional and Information
and Communications Technologies Sector Status and Usage
Reports, Sarajevo.
Vlada Crne Gore, Ministarstvo za informaciono
društvo (2009), Strategija razvoja Informacionog društva u Crnoj
Gori od 2009. do 2013. godine.
http://www.ebusinesswatch.
org/news/2005_11_30.html
http://www.morganstanley.com/institutional/te
chresearch/gsb112005.html
http://www.eseeinitiative.org
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Dijana Kovačević
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E-BUSINESS AND CHANGE MANAGEMENT PROCESS
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Article title
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E-BUSINESS AND CHANGE MANAGEMENT PROCESS
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Authors
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Dijana Kovačević
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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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L81
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Abstract
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E-business brings with it fundamental changes in the process of doing business, organization and management.
In this paper the new company's performance and management challenges in the modern, electronic environment.
The phenomenon of new ways pslovanja and management increasingly is a prerequisite for successful business in the global
market, increasing competition and the use of new resources that information technology provides. The process of
management in electronic environment develop intellectual capabilities, conceptual and operational management in his
role and use, but also affects the fundamental changes in human and business activities. Knowledge and information are
key resources of information economy and the role of top management changes and has more emphasis on cooperation
and managing people, and create value through the company's knowledge management process.
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Key words
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E business, management, information, knowledge, organization
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Literature
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Castells M. (2001), The Internet Galaxy, Reflections
on the Internet, Business and Society, New York: Oxford
University Press.
Castells M. (2000), Uspon umreženog društva,
Zagreb.
Chuck, M. (1999), Net future, New York: Irwin
Mc Graw Hill.
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menadžmenta u xxi. stoljeću, Zagreb: Mate.
Drucker, Peter (2002), Managing in the next society,
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inteligencija, Varaždin: Prudens consilium.
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2.0, Vodič ka uspjehu, Zagreb: Mate.
Kelly K.(1998), New Rules for the New Economy,
Penguin Books.
Novaković J.(2005), Elektronsko poslovanje, Beograd:
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O'Brien James (2002), Management Information
systems: managing IT in the Business Enterprises, NewYork:
Irwin/McGraw-Hill.
Panian Ž.(2003), Odnosi s klijentima u E-poslovanju,
Zagreb: Sinergija.
Shapiro C., Varian H. (1999), Information Rules: A
Strategic Guide to the network Economy, Boston: Harvardian-
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Srića V., Muller J. (2001), Put k elektroničkom poslovanju,
Zagreb: Sinergija.
Srića V., Spremić M. (2000), Informacijskom tehnologijom
do poslovnog uspjeha, Zagreb: Sinergija.
Turban E., McLean E., Wetherbe J. (2003),
Informaciona tehnologija za menadžment, Beograd: Zavod za
udžbenike i nastavna sredstva.
Vlada Crne Gore, Ministarstvo za informaciono
društvo (2009), Strategija razvoja Informacionog društva u Crnoj
Goriod 2009. do 2013. godine, www.gov.me.
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Deniz Ahmetagić, Tibor Fazekaš
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SOME DETERMINANTS OF INNOVATION SUCCESS
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Article title
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SOME DETERMINANTS OF INNOVATION SUCCESS
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Authors
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Deniz Ahmetagić, Tibor Fazekaš
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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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M14; O31
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Abstract
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Innovation has become the basic factor of enterprise survival and its development in the globalized economic
environment. The work will present the key determinants of innovative success in the form of organizational structure
and innovation culture. Organizational structure should be innovative one and enable the realization and improvement
of innovation culture as dominant components of organizational culture. Innovations are the fundamental competitive
advantage of the enterprises in developed countries and it should become the central task and activity of our organizations
in the future.
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Key words
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innovation, innovative process, innovation culture, innovative organization, organizational success
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Literature
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Stošić, B. (2006), Management, br. 41.
Zeitschrift Fuhrung Organisation 1/2010.
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Lidia Kochurova
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THE BUSINESS MARKET - ABNORMAL FORM OF THE MARKET
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Article title
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THE BUSINESS MARKET - ABNORMAL FORM OF THE MARKET
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Authors
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Lidia Kochurova
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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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F23; L10
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Abstract
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The XX-th century and the XXI-st century beginning have introduced high level of technologies on the Planet,
in the plan technical the mankind has stepped far forward, and the science about the market in the development has
lagged behind. Therefore the mankind instead of the developed form of market relations has come to the business market
- the most dangerous form of the market to mankind histories.
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Key words
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the business market, a competition, business of transnational corporations, the developed form of the market.
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Literature
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Геращенко В. Состояние и перспективы развития российской и мировой валютно-финансовой системы в условиях кризиса // Вестник российского
государственного торгово-экономического университета. 2009. № 10 (37).
Иохин В. Размышления в поисках истины.
Философ хозяйства – 2 (к 10 летию журнала «Фило-
софия хозяйства») / Под ред. Е.С. Зотовой. – М.; Ека-
теринбург: Изд-во УрТИСИ, 2009.
Иохин В. Теоретическая несостоятельность и
бесперспективность «Экономикс» // Журнал «Вест-
ник РГТЭУ». – 2008. - №3(24).
Иохин В. Несоответствие «Экономикс» реаль-
ной действительности // Журнал «Вестник РГТЭУ».
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Корняков В. Усталость науки. Постмодер-
новый мир и Россия / Под ред. Ю.М. Осипова, О.В.
Иншакова, М.М. Гузева, Е.С. Зотовой. – М.; Волго-
град: Изд-во Волгоградского государственного уни-
верситета, 2004.
К. Маркс и Ф. Энгельс. Соч., т. 46, ч. 2.
Лещёв С. Человек в сетевом обществе: новые
формулы рациональности и власти. // Философия
хозяйства. Альманах Центра общественных наук и
экономического факультета МГУ им. М.В. Ломоносо-
ва. 2005. Специальный выпуск: Феномен нового чело-
века: воспитание, самовоспитание и иновоспитание.
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Мальковская И. Вызовы идентичности и кри-
зис социальности Философия хозяйства. Альманах
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факультета МГУ им. В. М. Ломоносова. 2005. Специ-
альный выпуск. Феномен нового человека: воспитани-
е, самовоспитание и иновоспитание. Материалы
научной конференции. – М., 2005
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ремен – Материалы к международной научной кон-
ференции – V Малому университетскому форуму
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экономика», 2009.
Осипов Ю. Фиктивная сущность постмодер-
на. Экономическая теория в XXI веке – 1(8): Эконо-
мика Постмодерна / Под ред. Ю.М. Осипова, О.В.
Иншакова, Е.С. Зотовой. – М.: Экономстъ, 2004.
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http://kandinskaya.narod.ru/delo01_r.html
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Tanja Janković
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NEW TRENDS IN EDUCATION OF HUMAN RESOURCES IN COMPANIES
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Article title
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NEW TRENDS IN EDUCATION OF HUMAN RESOURCES IN COMPANIES
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Authors
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Tanja Janković
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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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O15
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Abstract
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Education and training of human resources related to the planned efforts of companies to facilitate employee
mastery of skills related to work. These skills include knowledge, skills or behaviors that are essential for effective job performance,
and highlighted the training programs. The goal of training is to be employed to adopt and apply in their
everyday activities in order to achieve competitive advantage. To this end, training should be seen beyond, as a way of creation
of intellectual capital, which includes basic skills (required to perform the job), expanded skills (how to use technology
to share information with other employees), understanding the user (or production system) and creativity.
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Key words
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human resources, education, intellectual capital, the company
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Literature
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Bahtijarević Šiber F. (1999), Management ljudskih
potencijala, Zagreb: Golden Marketing.
Bogićević Milikić B. (2006), Menadžment ljudskih
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Marušić S. (2001), Upravljanje i razvoj ljudskih
potencijala, Zagreb: Ekonomski institut Adeco.
Noe R.A. (2002), Employee Training and Development,
2 th edition, McGraw-Hill.
Torrington D., Hall L., Taylor S. (2004), Menadžment
ljudskih resursa, Beograd: Data status.
Senge P. (1995), The fifth Discipline: The art and
practice of the learning organisation, London: Doubleday.
www.poslovnojutro.com
www.poslovnapolitika.com
www.poslovniforum.hr
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