FBIM Transactions
Editor
Zoran Čekerevac








If you want to review or comment some of the listed articles, please, first copy the article title and click here.



In the next issues


In the next issues of FBIM Transactions, among others, we will publish:
(To read the abstract of the paper, please, click the title of the article)

  1. Bo Wang and Danjuan Hu
    RESEARCH ON THE DEVELOPMENT PATH OF NINGBO TRANSPORTATION EQUIPMENT MANUFACTURING INDUSTRY IN 16 CEEC

    To read the article before publishing click here

  2. Boris Bursac
    RELIGIOUS FUNDAMENTALISM

    To read the article before publishing click here

  3. Miroslav Stanic and Nedjo Danilovic
    SIMILARITIES AND DIFFERENCES IN DEFINING OF MANAGEMENT

    To read the article before publishing click here

  4. Milan Stojanovic, Zeljko Milovanovic, and Marko Todorovic
    DIGITAL TRANSFORMATION OF HOTELS IN THE TERRITORY OF THE MUNICIPALITIES OF BOR AND ZAJEČAR

    To read the article before publishing click here

  5. Danjuan Hu and Bo Wang
    THE RESEARCH ON THE CONSTRUCTION OF NINGBO CHINA-CEE TECHNOLOGY TRANSFER PLATFORM

    To read the article before publishing click ovde

  6. Vladimir Stojanovic
    ACTUALITY OF INTEGRATED MARKETING COMMUNICATION

    To read the article before publishing click here

  7. Vesna Milanovic, Natasa Bogavac-Cvetkovic, and Milanka Bogavac
    COMMUNICATION AND JOB PERFORMANCE

    To read the article before publishing click here

  8. Dusan Regodic, Gojko Grubor, and Radomir Regodic
    APPLICATION OF WIRELESS COMPUTER NETWORKS AND SECURITY PROBLEMS

    To read the article before publishing click here

  9. Radmila Curcic and Ljiljana Miletic
    INTERCULTURAL MANAGEMENT IN THE FINANCIAL SECTOR OF SERBIA

    To read the article before publishing click here

  10. Masan Ercegovic
    STATE AND MARKET REFORMS

    To read the article before publishing click here

  11. Vuk Mircetic
    LEADERSHIP DEVELOPMENT AND DETERMINATION OF MODERN APPROACH TO LEADERSHIP

    To read the article before publishing click here

  12. Marko Stevovic
    SCENARIO FOR ECONOMY AND FINANCIAL INDUSTRY IN EU27 AND UK AFTER THE BREXIT

    To read the article before publishing click here

  13. Nikola Pantelic
    DEMOCRATIC SHAPING OF THE POLITICAL WILL OF SERBIAN CITIZENS

    To read the article before publishing click here

  14. Ljubomir Miljkovic, Dragana Trnavac, and Kristijan Ristic
    THE EFFECT OF DOMESTIC SAVING ON MACROECONOMIC STABILITY OF THE REPUBLIC OF SERBIA

    To read the article before publishing click here

  15. Ivan Milenkovic, Snezana Milosevic Avdalovic, Jelena Andrašic, and Milos Pjanic
    MODERN INTERNATIONAL BANKING REGULATION: IS OFFSHORE BANKING NEAR TO ITS END?

    To read the article before publishing click here

  16. Danilo Lazovic and Milija Bogavac
    IMPROVING INFORMATION SYSTEMS BY USE OF Wi-Fi STANDARD

    To read the article before publishing click here

  17. Aleksandar Jovicic, Aleksandar Djokic, and Ljubisa Stamatovic
    MANAGEMENT IN THE SERBIAN IT SECTOR – SPECIFICITIES AND RECOMMENDATIONS

    To read the article before publishing click here

  18. Dragan Vukomanovic, Dragana Vukomanovic, and Slavko Ivkovic
    THE WAY HOW LABOR MARKET IN SERBIA AFFECTS HUMAN RESOURCE MENAGEMENT

    To read the article before publishing click here




RESEARCH ON THE DEVELOPMENT PATH OF NINGBO TRANSPORTATION EQUIPMENT MANUFACTURING INDUSTRY IN 16 CEEC

Bo Wang
Danjuan Hu

Accepted for publishing: 10.07.2017

Abstract
Ningbo's transportation equipment manufacturing enterprises have reached the world's leading level in technology, but the CEEC, whose economic level surpasses our country, are lagging behind in terms of transportation infrastructure construction. With the promotion of the "One Belt and One Road" strategy, the well-developed transportation equipment manufacturing industry in Ningbo hopes to enter the vast market of CEE, and CEEC also urgently need to improve the status quo of domestic transportation infrastructure construction. In this context, based on the science and technology cooperation alliance between our university and universities in CEE, the external output of Ningbo's advanced transporta-tion equipment manufacturing industry can be achieved by carrying out long-term cooperation forum activities, jointly applying for international science and technology cooperation projects and human resources exchange training cooperation and decision-making consultation service cooperation, etc. to improve China's position in the global industrial chain and value chain and promote the deep inte-gration of economic cooperation among countries along the One Belt and One Road.

Keywords:
transportation equipment manufacturing industry; CEE; S&T cooperation alliance; output

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RELIGIOUS FUNDAMENTALISM

Boris Bursac

Accepted for publishing: 18.07.2018

Abstract
One of the most frequently used today's term is certainly the fundamentalism, from which the term religious fundamentalism comes out to eventually reach the most frequent, and that is Islamic fundamentalism. Fundamentalism as a term derives from the Latin word „fundamentum“ and in translation means the basis. This term can be defined as a position where certain principles are considered essential or fundamental truths and they have an unchangeable or inviolable authority. If we talk about fundamentalist movements, author Karen Armstrong defines them as "defeated forms of spirituality that have emerged in response to the perceived crises." These crises occur within religions, and this includes Christianity, Judaism, Islam where this term is used for the most conservative wings within these religions. The aim of this research is to introduce the reader with this extremely topical and complex phenomenon and pointing at its versatility, or presence in all segments of man's being, starting from religion, politics, and philosophy.

Keywords:
fundamentalism, religion, religious identity, extremism, conservatism

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SIMILARITIES AND DIFFERENCES IN DEFINING OF MANAGEMENT

Miroslav Stanic
Nedjo Danilovic


Accepted for publishing: 21.07.2018

Abstract
Starting from the fact that each term has its own genesis, and in accordance with the development of a modern society, the present paper discusses the problem of more fully defining the content of the notion of management, in the context of the advancement of scientific thought on the management of contemporary society, by identifying the existence of key elements in the definitions of management by the author different provinces. The identification of the key elements of this categorical concept enables a complete consideration of the advantages and disadvantages of the analyzed management definitions. Therefore, the object of this paper is to compare the similarities and differences between the definitions of different authors on management with the possibility of a complete definition of the content of this term, as one of the key categorical concepts for the further development of scientific thought in the field of management. On the other hand, the subject of work includes a period from the emergence of management as a scientific discipline to the present day. In addition to introductory and concluding remarks, the subject of work includes the development of management theory and conceptual determination (content and substance) of management.

Keywords:
Management; management as a scientific area; management concept; key elements of the definition of management; aspects of management.

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DIGITAL TRANSFORMATION OF HOTELS IN THE TERRITORY OF THE MUNICIPALITIES OF BOR AND ZAJECAR

Milan Stojanovic
Zeljko Milovanovic
Marko Todorovic


Accepted for publishing: 11.01.2018

Abstract
Digitalization has become the integral part of human life and work. Digitalization has permeated into all the pores of society. The contemporary technologies that have been created in the 21st century have led to a situation in which it has become almost impossible for hotels to operate without using the GDS systems, the Internet and other social media. Through social networks, which represent the greatest form of the digital media today, hotels and consumers have been announcing their content, exchanging their experiences and writing their comments, on the basis of which consumers make a decision on buying a product. The hotel product is intangible, so the user can only assure him- or herself of the quality of the services through a conversation with and oral propaganda by the consumers who have already used them. The subject matter of the research conducted in this paper is the digital transformation of hotels, which should be in function of the efficient tourism development of the municipalities of Bor and Zajecar. The research goal is to indicate the significance of the efficient implementation of digitalization so as to increase the competitiveness of the hotels in the territory of these two municipalities. The recognition of business opportunities and the development of the digital response to the needs of the guest are becoming the key segment of the contemporary business doing of the hotels thinking of their own sustainable perspectives. The hotels that have not recognized the significance of connecting the real and the digital services with each other can only be thinking of the opportunities they have missed.

Keywords:
digitalization, social networks, service satisfaction

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THE RESEARCH ON THE CONSTRUCTION OF NINGBO CHINA-CEE TECHNOLOGY TRANSFER PLATFORM

Danjuan Hu
Bo Wang


Accepted for publishing: 17.07.2018.

Abstract
Through the research on the construction of China-CEE technology transfer platform, this paper puts forward the corresponding measures and suggestions for the current status and existing problems of the platform at the present stage. At the same time, by the analysis of the demand of social and economic development of Ningbo for the technology transfer platform, fill the blank area of Ningbo in the research on the construction of China-CEE technology transfer platform, thus to offer scientific basis to the relevant decisions of government department, guide and form the public service system which adapts to the demand of technology transfer and the demand of social and economic development with an overall layout, resource sharing, perfect function and efficient operation, promote the formation of efficient China-CEE technology transfer platform, strengthen the international science and technology cooperation and exchange with the countries of CEE and CIS, enable the deep promotion of the strategic fulcrum city construction of "One Belt and One Road" of Ningbo, and accelerate the integration and service for the national strategy of "One Belt and One Road ".

Keywords:
China-CEE; technology transfer; platform; construction.

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ACTUALITY OF INTEGRATED MARKETING COMMUNICATION

Vladimir Stojanovic

Accepted for publishing: 20.07.2018

Abstract
Integrated marketing communications are the concept of marketing communications planning that recognizes the added value of a detailed plan that evaluates the strategic roles of a range of communication disciplines and combines these disciplines to ensure clarity, consistency and maximum communication effect. Its goal is to influence direct action on the behavior of selected target groups while considering all types of communication contacts that future customers can accomplish with the product/service. This unambiguously indicates that in this process, integrated marketing communications use all types of communication that could be relevant and acceptable to customers. The growing need for the integration of communication activities of marketing and public relations, which is one of the main characteristics of the modern business, can be met by the adoption of the concept of integrated marketing communication. Observing integrated marketing communication as a continuous process, provides the ability to monitor and measure effects, to the extent that it is feasible. Obstacles that are most commonly encountered in the strategy of integrative communication marketing planning and which are preoccupied with integration are largely internal, which means that they are within the competence of the organization's management, their planned overcoming. Using all kinds of means of communication means that each medium by which one message can be transmitted, which is able to reach the target audience and present the product or service in the best possible way. The objective of integrated marketing communication is to send the message successfully to the target groups using the most appropriate method or channel.

Keywords:
management, marketing, stakeholders, communication channels, competitiveness, profitability

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COMMUNICATION AND JOB PERFORMANCE

Vesna Milanovic
Natasa Bogavac-Cvetkovic
Milanka Bogavac


Accepted for publishing: 22.07.2018

Abstract
Communication enables employees to perform their tasks more efficiently. It is therefore important that organizational communication is effective. Also, it is important that managers' communication (supervisors’ communication) is effective. It is assumed that if employees aren't satisfied with communication, their job performance will not be at a satisfactory level. Therefore, the impact of communication on job performance (as one of the outcomes of employees) has been tested in various empirical studies. This has been analyzed in the paper. By search on the Internet, fewer studies have been found that are exclusively dedicated to the impact of communication on job performance compared to the impact of communication on other outcomes of employees (such as job satisfaction, etc.). Communication, productivity, job performance and relationship as the key words have been used. Results confirm that effective communication increases productivity. Also, communication has gained support as a predictor of job performance. However, results confirm a general link between the two variables. In this regard, the purpose of this paper was to provide an insight into communication dimensions, job performance dimensions and the instruments that have been used in important empirical studies. It is found that the impact of communication dimensions on job performance dimensions is unequal. In addition, higher communication satisfaction is not a guarantee of higher job performance (as there are plenty of other factors that affect job performance). This is not to discourage further research into the impact of communication satisfaction on job performance, which has been confirmed by increasing research of this relationship in the companies in developing countries. In the light of this, the paper is expected to stimulate researchers to discuss this topic and motivate further research into the impact of communication on job performance, particularly in Serbian companies and in other similar countries.

Keywords:
communication satisfaction, productivity, job performance, relationship

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APPLICATION OF WIRELESS COMPUTER NETWORKS AND SECURITY PROBLEMS

Dusan Regodic
Gojko Grubor
Radonir Regodic


Accepted for publishing: 24.07.2018

Abstract
Modern business conditions and lifestyles have led to commercial expansion and the increase in the number of wireless network users and the emergence of smartphones. In parallel with the increase in the number of users, there is an increasing number of those who are not familiar with security issues. Wireless computer networks carry many security problems with them. Laptop computers, smartphones, tablets, and other devices today can not be imagined without an access to a wireless network. However, not all users of wireless networks are well-intentioned. There are malevolent people who will use their knowledge of wireless networks, to compromise data sent across the network. They also steal confidential information sent by users, such as credit card numbers, passwords, etc. Therefore, it is necessary to understand the dangers of using wireless networks. As attackers are always a step ahead, it is necessary to work continuously on the protection and security of wireless users. The aim of this paper is to present security issues in wireless computing networks, weaknesses of the infrastructure itself, and insufficient development of security protocols. The social goal of this work is to elaborate about the real problems or threats that wireless network users encounter. The main two problems of the research, numerous weaknesses and security issues in wireless computing networks, are aimed at raising the level of user awareness and improving the insufficient development of the use of security protocols.

Keywords:
Wireless network, vulnerabilities, threats, attacks, password

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INTERCULTURAL MANAGEMENT IN THE FINANCIAL SECTOR OF SERBIA

Radmila Curcic
Ljiljana Miletic


Accepted for publishing: 25.07.2018

Abstract
In global business conditions, leaders and managers of companies are exposed to many challenges, management and leadership that operates in a multicultural environment. At the very beginning, the main purpose of intercultural management was to better understand and appreciate the characteristics of other nations in order to increase the volume of business, by this time, this has led to a much wider goal. The essence of this goal is the understanding that all nations are different and that their cultural specifics and needs must be respected by leaders and managers in order to reduce organizations' market insecurity and uncertainty and achieve a competitive edge in the global market. The paper describes the relationship between the multicultural management and organizational culture, as manifested by the impact of national culture on the management of the company. Results of experimental research based on the analysis of the relationship to the dimensions of our national culture, which has conducted in the entity of the global company, operating in the Financial Sector of Serbia, are presented and explained in three parts: for the enterprise as a whole, in parallel with the leaders and other employees, and based on the testing of hypotheses.Test results of basic and auxiliary hypotheses have confirmed the hypothesis that among leaders and employees could be observed differences in relation to most of the dimensions of our national culture. This indicates that the leaders of foreign-owned companies operating in the Serbian market must be more involved in the implementation of Intercultural management, because they influence the organizational behavior of employees, and hence the efficiency and effectiveness of the company's operations.

Keywords:
intercultural management, leadership, organizational culture, dimensions of national culture

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STATE AND MARKET REFORMS

Masan Ercegovic


Accepted for publishing: 25.07.2018

Abstract
Almost a quarter of a century since the beginning of market reforms, the transition of the Serbian economy into a modern and functional market economy has not been completed and we are re-dealing with the reasons why and how it happened and who is responsible. Namely, like in other countries of Eastern Europe, in our country as well, it was about moving from the socialist (albeit specific) to the market economy. Bearing this in mind, it is more than clear that the main subject, the catalyst and the carrier of the entire process was the state, which unambiguously puts it in place of, if not the only one, then the most responsible factor (subject) for this situation. That is precisely why the state, deciding to implement a transitory rather than a reformatory concept in the transition process, whose almost exclusive focus was privatization, is most deserving for this "good" state of our economy. Therefore, the establishment of the developmental concept of the economic system, which will function according to the principles and postulates of a modern and functional market economy, required by the world market, will be a key factor in becoming a modern and self-sustaining society.

Keywords:
state, transformation, market, transition, reform, economy.

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LEADERSHIP DEVELOPMENT AND DETERMINATION OF MODERN APPROACH TO LEADERSHIP

Vuk Mircetic

Accepted for publishing: 25.07.2018

Abstract
The multidimensional leadership process did not arise in the modern era, it occurs for centuries, while researchers have analyzed it since the early twentieth century. Contextual factors change and that always forces organizations to recognize them and to adapt to them or to cope with them. Every organization has the need for effective leaders because in this way they can take advantage of the maximum effort of their employees and thus speed up their business. Many theorists have tried to understand, define and unify the relationship in which an individual exercise influence on a group of individuals in order to achieve a certain goal. For this reason, numerous theoretical approaches to the complexity of the leadership process have arisen. In the twentieth and twenty-first centuries, several hundred definitions of leadership were created, and today researchers and practitioners do not agree on the existence of a universal definition of leadership. Through decades of research, the approach to leadership is changing and evolving. Different theories and approaches to leadership have been analyzed through a diverse theoretical overview and comparison. The aim of the paper is to provide an insight into the evolution of leadership, to present an overview of contemporary leadership theories and to determine a modern approach to leadership.

Keywords:
leadership, leadership process, theories, modern leadership approach, human resource management

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SCENARIO FOR ECONOMY AND FINANCIAL INDUSTRY IN EU27 AND UK AFTER THE BREXIT

Marko Stevovic

Accepted for publishing: 29.07.2018

Abstract
Research subject of this paper cover possible economic and financial effects of Brexit on remaining members of the European Union and on the UK itself. Changes in relations within the EU27 and the expected changes in EU relations with other countries are analysed. Within the holistic approach, this paper analyzes the economic aspect through trade, import/export, impact on GDP, creation of an economic future and possible impact on financial industry. Even before the vote for Bregzit, it was clear that for the UK, the financial sector and financial services would be one of the main domains that would hit the city of London by the size of the damage and the level of disruption in these areas, as financial services directly affect employment, providing a significant number of jobs and also participating in London's income and the GDP of UK. In the coming years, the EU's financial regulatory environment could change. London's position as an international financial centre could be jeopardized if a large number of European firms migrate after the Brexit. A concise overview of possible models of trade agreements and their estimated impacts on the EU and the UK is also given in this paper. The conclusions of the research carried out in this paper were derived from the quantitative analysis of trade between the EU Member States and the UK and from the estimated impact of Brexit on the UK and EU27 GDP for the assumed range from the optimistic to the pessimistic scenario.

Keywords:
Economic impacts, Brexit, UK, EU, BDP, financial industry.

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DEMOCRATIC SHAPING OF THE POLITICAL WILL OF SERBIAN CITIZENS

Nikola Pantelic

Accepted for publishing: 31.07.2018

Abstract
The article deals with the analysis of certain constitutional and legal provisions of the Serbian legal system concerning some of the issues of concern to political parties. The same goes for the tumultuous and brutal historical and legal legacy of political parties in Serbia in the 19th century as well as their reckless and constant struggle. The aim of the article is to investigate the possible weak points of Serbian democracy in terms of the constitution of political parties and to make conclusions about whether there is a place to the improvement of democracy and how it could be achieved. After more than a decade of the existence of the 2006 Constitution, in constitutional practice and theory, many practical and theoretical issues have been set yet to provide answers that would satisfy the majority. One of the central issues concerns the examination of a "secret association" by the Constitutional Court of Serbia, or the disputed issue of jurisdiction to act on its prohibition. The second issue more directly related to the question of democracy in Serbia is the legal and theoretical concept of the prohibition of political parties whose theoretical basis was founded by Carl Levenstein during the Second World War and relates to problems related to the establishment of democracy in this region.

Keywords:
Constitution, Constitutional Court, "Secret Associations", Prohibition of Political Parties, Democracy

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THE EFFECT OF DOMESTIC SAVING ON MACROECONOMIC STABILITY OF THE REPUBLIC OF SERBIA

Ljubomir Miljkovic
Dragana Trnavac
Kristijan Ristic


Accepted for publishing: 25.08.2018

Abstract
Accumulation, or saving, is an essential assumption of economic development on the basis of which can be achieved and a higher level of well-being. In this sense, every society is forced to accumulate, so that it could survive and that is constantly evolving. In developed countries (USA, Germany, Japan, etc.) In the last 50 years, the savings rate - the share of savings in GDP, amounted to an average of 18% -34%. This is certainly an important assumption for the faster economic growth of national economies and the world economy, especially from the standpoint of increasing the size of the domestic product and living standards. One of the greatest curiosities of the economics of economic growth is that after almost seven decades of exploring the fundamental determinants of savings, consumption and economic growth, economists have not yet determined whether savings are growing, or economic growth is conditioned by the growth of savings - or both variables act simultaneously, which opens space with multiple balance balances and economic growth. This causal link is crucial for understanding the process itself, as well as for identifying recommendations for economic policy. If saving is only a consequence of the growth process, the policy of economic growth should focus on improving the investment climate and increasing competitiveness, and the growth of savings will be the result of the successful implementation of these policies. But if the process goes in the opposite direction, the authorities should focus on policies that encourage both the growth of savings and the growth of the savings rate. Today, Serbia has generally accepted the position in favor of the second hypothesis - that the necessary prerequisite for sustainable growth is the increase in the domestic savings rate, in order to generate investment funds.

Keywords:
Savings, economic growth, macroeconomics, GDP

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MODERN INTERNATIONAL BANKING REGULATION: IS OFFSHORE BANKING NEAR TO ITS END?

Ivan Milenkovic
Snezana Milosevic Avdalovic
Jelena Andrasic
Milos Pjanic


Accepted for publishing: 25.08.2018

Abstract
One of the key reasons influencing the existence of existing ones and the development of new offshore centers and offshore banks is the sluggishness in global tax harmonization, as well as a lack of interest among many countries to harmonize tax rates and fiscal policy, i.e. rapid tax competition. Tax competition carries with it both harm and benefit. The harm of tax competition is primarily due to the effects of secrecy and illegal transfer pricing. The benefits of tax competition on a global scale are most evident in the growth of investment investments in countries with high tax rates and in the accelerated economic development of tax heavens. Whether in the future, both offshore banking and offshore banks maintain the role they currently have – as a leverage for accelerating international trade and international financing – this is the main topic of this paper. To comprehensively examine it, the current banking regulation has been analyzed. Research efforts have been made to identify trends molding international banking regulation, particularly the practice of the most important organizations in this domain: The Organization for Economic Co-operation and Development (OECD).

Keywords:
offshore banking, international banking regulation, tax harmonization, tax competition, banking secrecy

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IMPROVING INFORMATION SYSTEMS BY USE OF Wi-Fi STANDARD

Danilo Lazovic
Milija Bogavac


Accepted for publishing: 04.03.2018

Abstract
This paper presents the importance of using Wi-Fi technology and other IT equipment in business organizations. The use of new technologies and equipment has led to the improvement of information systems. The Wi-Fi standard has been presented through its historical development and the advantages of this standard in comparison to conventional wired computer networks. We also tried to list all the improvements that have been made with the use of information technology, in addition, the paper presents the advantages of using Wi-Fi standards in certain aspects of electronic business operations in business organizations. It is necessary to emphasize that business organizations need to adapt to the new information era where some information systems experience transformation and change their context and role. Knowledge is the main resource of competitive advantage and efficient knowledge management with the help of Wi-Fi technologies will lead to the new meaning of the information system. In fact, the business organization will be managed by the users themselves who will be involved in each business segment through modern technologies.

Keywords:
Wi-Fi standard, information systems, business organization, service improvement

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MANAGEMENT IN THE SERBIAN IT SECTOR – SPECIFICITIES AND RECOMMENDATIONS

Aleksandar Jovicic
Aleksandar Djokic
Ljubisa Stamatovic


Accepted for publishing: 29.08.2018

Abstract
Following the initial assumptions, we present the structural analysis of the Serbian IT/Tech sector. While some of the Tech companies are global, we have seen the emergence of local Serbian tech companies in recent years. Further, we analyze the specificities of the Serbian Tech sector in terms of motivational drivers, applicable management techniques, and the employee evaluation process. We conclude – from the country perspective, local tech companies are more beneficial than global companies and employees are more beneficial than entrepreneurs. We identify paradoxes related to knowledge transfer, non-transparent top management decisions, and spoiled working force. We conclude – the benefit of the tech sector to a national economy depends on two key factors: the ratio of local vs global companies and legal treatment of workforce – employees vs. entrepreneurs. Most important part of this paper are recommendations: the regulator shall increase stimulation for the local tech companies, the company shall acknowledge identified paradoxes as incurable, and focus on curable issues. The curable issues to be focused on are: modification of the management style to adjust for the cultural differences, acknowledge salary as a primary motivation driver, and modify scrum methodology. Scrum should be altered to introduce weekly instead of daily scrum meetings, limit the time for team members to report to one minute per person, increase the control of estimates (story points). Also, rank employees without offending them and modify the compensation criteria to be more driven by job complexity/skill requirements and less by the employee position.

Keywords:
IT/Tech, Serbia, company, management, cultural differences, workforce relocation

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THE WAY HOW LABOR MARKET IN SERBIA AFFECTS HUMAN RESOURCE MENAGEMENT

Dragan Vukomanovic
Dragana Vukomanovic
Slavko Ivkovic


Accepted for publishing: 30.08.2018

Abstract
The labor market is the place to meet the supply and demand for work, which has its own mechanism that functions with less success in all countries. In order to improve efficiency in the labor market in the best way, it is necessary, with good management, to manage human resources, by creating adequate business conditions, working dynamics, then principles of evaluation, adequate communication system among them. In every country, the labor market depends on the size of the economy and the human resources. The core resources of each organization are people and their abilities, which contribute to the achievement of organizational goals. Market conditions of economy in particular affirm human resources as the only resources on the global level with the role of creators of new solutions, new values and process controllers. The subject of this study is the management of human resources at the state level, the management styles and the proper choice of personnel policy. The results clearly indicate that inadequate management directly affects the motivation, satisfaction and communication within the organization, as well as the characteristics of the work environment, and indirectly to productivity and profitability companies.

Keywords:
management, human resources, Serbian market, modern tendencies, employment, unemployment, managment of the labor market

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MESTE NGO and FBIM Transactions support teamwork and encourage international scientific cooperation.

That is why we are especially willing to publish works of groups of authors from two or more different countries.


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