DOI 10.12709/issn.2334-704X
ISSN 2334-704X (Online)
ISSN 2334-718X (Print)
In the next issues of the MEST Journal, among others, we will publish:
Vojkan Bizic
THE IMPORTANCE OF SPORTS MANAGEMENT AND INNOVATION FOR SPORT DEVELOPMENT IN SPECIAL GROUPS OF ATHLETES To read the article before publishing click here
Abstract: The importance of management in sports and the education of children with special needs poses a very challenging task for anyone who wants to research this topic, whether he is an environmentalist, a manager, a physical education professor, or a special educator. That is an extraordinary big challenge for pedagogical professionals. Encouraging children with special needs to acquire knowledge about preserving the environment through sports activities is significant for their life, work, and sports. The paper answers how diverse educational-environmental programs can contribute to ...
The importance of management in sports and the education of children with special needs poses a very challenging task for anyone who wants to research this topic, whether he is an environmentalist, a manager, a physical education professor, or a special educator. That is an extraordinary big challenge for pedagogical professionals. Encouraging children with special needs to acquire knowledge about preserving the environment through sports activities is significant for their life, work, and sports. The paper answers how diverse educational-environmental programs can contribute to such a specific population playing sports today and develop the awareness of the importance of the environment for sports activities. Sports management develops in new segments, innovations, and inclusion of children with special needs in sports. Changes in the sports-training plan must be accompanied by changes in the strategic plan, especially in strategic management. Sports organizations that want to survive and develop must have people in their strategic management, top management who have a vision of where, how, why, and in which direction should develop the organization. To do it in the right way and successfully, the management must be professional in sports coaching, managerial-business, marketing, etc. It is necessary that modern managers, especially those who belong to the top management by their status, have the appropriate knowledge of the concepts and applications of strategic management.
Keywords: sports management, sports, children with special needs, sports activities, environmental awareness, innovation.
IMPROVING THE RAW MATERIAL MANAGEMENT PROCESS USING SELECTED LEAN TOOLS To read the article before publishing click here
Abstract: By process management and selected lean tools, it is created the methodology for raw material management improvement in the production process of the factory which produce high-tech products for international market. It is explicated the way of process project implementation by process methodology with all phases of living cycle and with selected lean tools (cause-effect diagram, A3). In this way it is solved otherwise „difficult to solve“ problem of suboptimal raw material management and radical productivity improvement by means of bottleneck remove. It is offered process-project methodology for production improvement which can be used in all high-tech factories which deals with the raw material management and production optimalization problem. In empirical way there are solved ...
By process management and selected lean tools, it is created the methodology for raw material management improvement in the production process of the factory which produce high-tech products for international market. It is explicated the way of process project implementation by process methodology with all phases of living cycle and with selected lean tools (cause-effect diagram, A3). In this way it is solved otherwise „difficult to solve“ problem of suboptimal raw material management and radical productivity improvement by means of bottleneck remove. It is offered process-project methodology for production improvement which can be used in all high-tech factories which deals with the raw material management and production optimalization problem. In empirical way there are solved three research problems and are confirmed consistent hypotheses: a) in the existing process of raw material management in the factory are found significant suboptimalities and their cause factors were discovered; b) process is redesigned by the state analysis and by lean tools in order to improve the productivity of the production line; c) by strictly adhering the work process according new (redesigned) process model in the implementation and monitoring phase by means of indicators it is achieved the process stability (during tree month implementation phase). By raw material management optimization, it is enabled the almost perfect operation of the line without bottlenecks and downtime. Empirically researched and in practice confirmed method of process improvement in the field of suboptimal raw material management which serve the production line, is a signpost for all high-tech production companies that face with the same or similar optimization problems.
Keywords: process management, process improvement, lean tools, cause-effect diagram, lean production, high-tech products.
SOFTWARE ESCROW CONTRACTS To read the article before publishing click here
Abstract: Because for many companies, continuous operation and maintenance of custom software are crucial, they usually want to ensure that this continues even if the software licenser cannot operate in the future, for example, due to bankruptcy. The easiest way to overcome this for the licensee is to get a copy of the updated source code. Software developers are understandably reluctant to give a copy of their proprietary source code to the customer. The most significant asset of software developers is usually their source code, which can contain valuable trade secrets. One of the ways a software developer can deal with a client that ...
Because for many companies, continuous operation and maintenance of custom software are crucial, they usually want to ensure that this continues even if the software licenser cannot operate in the future, for example, due to bankruptcy. The easiest way to overcome this for the licensee is to get a copy of the updated source code. Software developers are understandably reluctant to give a copy of their proprietary source code to the customer. The most significant asset of software developers is usually their source code, which can contain valuable trade secrets. One of the ways a software developer can deal with a client that requires access to the source code is to agree to store the source code using a triple escrow agreement. Under the escrow source code agreement, the developer provides a copy of the source code and documentation to a neutral party for safekeeping. The third-party will hand over the source code to the buyer only after certain conditions defined by the contract have been met, such as the bankruptcy of software developers. That keeps the developer's source code confidential while, in theory, giving the user access to it if necessary. In this paper, we present the term software escrow contract.
EVALUATION OF THE RECRUITMENT PROCESS VIA SOCIAL MEDIA FOCUSING ON THE LINKEDIN To read the article before publishing click here
Abstract: The main question of successful company management is how to find the best associates and how to keep them. New information and communication technologies are changing the way we do business and creating new opportunities for recruiting candidates. The LinkedIn social network has become very popular among job seekers and employers to find competent candidates. The population of millennials, both in the world and in Serbia, stood out in the use of this medium. The primary motives for using LinkedIn media among millennials are ...
The main question of successful company management is how to find the best associates and how to keep them. New information and communication technologies are changing the way we do business and creating new opportunities for recruiting candidates. The LinkedIn social network has become very popular among job seekers and employers to find competent candidates. The population of millennials, both in the world and in Serbia, stood out in the use of this medium. The primary motives for using LinkedIn media among millennials are professional network development, branding, marketing, increasing visibility among recruiters, and monitoring of interested companies. The most critical issues that may hinder the candidate's employment are false information about qualifications and discriminatory comments about race, gender, or religion presented in the profile. Due to the above, the behavior on the networks should be with measure. The user’s profile and images on social media sites with other websites should show complete consistency. The use of social media in employment is undergoing a transition in terms of norms of behavior, regulations, and laws. Recruitment of candidates through social media in Serbia is still not receiving enough attention, and especially a small number of companies are focusing on the LinkedIn network.
Keywords: human resource management (hrm), innovation, employment, labor/management issues, network.
ORGANIZING ENTERPRISES IN MODERN GLOBAL BUSINESS To read the article before publishing click here
Abstract: Modern global business requires from industrial companies continuous development, good organization, and a high level of quality of products and services determined by the latest revolution in technology and information technology. The application of this technology, good organization, and management, which should pay special attention to achieving such success in business production systems result in a successful business. With their high-quality products, industries present the required modern approach that incorporates, in practice, modern methods and techniques of research and organization for a successful competitive competition. Good organization of such business systems results in ...
Modern global business requires from industrial companies continuous development, good organization, and a high level of quality of products and services determined by the latest revolution in technology and information technology. The application of this technology, good organization, and management, which should pay special attention to achieving such success in business production systems result in a successful business. With their high-quality products, industries present the required modern approach that incorporates, in practice, modern methods and techniques of research and organization for a successful competitive competition. Good organization of such business systems results in developmental improvement of the achieved level of product quality in continuity. Currently, it is imperative to strengthen all types of ties between the economic entities of one country with production entities around the world. A key factor of effectiveness for the successful operation of manufacturing companies are efficient organizational approaches and the development of quality. Good organization of all business and production process activities, in practice, requires the definition of organization and managerial skills and business principles through effective management methods and techniques, efficient organizational structures, high motivation, teamwork, quality documentation, education and training, business economics, etc.
Keywords: Modern global business, organization, organizational structure, management, market.
Dragana Lazic, Sanja Stankovic, and Aleksandra Danilovic
COMPANIES AND TAX EVASION AS A CIVIL AND/OR CRIMINAL OFFENSE To read the article before publishing click here
Abstract: The paper discusses the issues of justification and social acceptance of taxes by legal entities and the frequency of related abuses. The discussion covers two research questions. The first item is the terminological delimitation of categorical terms related to tax policy. The second is the analysis of the ten-year frequency of the crime of tax evasion in the Republic of Serbia. The research aims to confirm the hypothetical assumption that tax evasion is a crime against the economy. In addition to damaging the budget system and damaging the company image, it is a significant obstacle to further economic development and the international economic reputation of the country. The paper uses the following . . .
The paper discusses the issues of justification and social acceptance of taxes by legal entities and the frequency of related abuses. The discussion covers two research questions. The first item is the terminological delimitation of categorical terms related to tax policy. The second is the analysis of the ten-year frequency of the crime of tax evasion in the Republic of Serbia. The research aims to confirm the hypothetical assumption that tax evasion is a crime against the economy. In addition to damaging the budget system and damaging the company image, it is a significant obstacle to further economic development and the international economic reputation of the country. The paper uses the following methods: searching scientific databases on the subject, general scientific statistical and comparative methods, and documents' content analysis methods. There are two main findings in the paper. The first is that tax evasion negatively affects the economic picture of the Republic of Serbia and has a detrimental effect on the value structure of public revenues of the "common treasury of all citizens". Second, the frequency of committing the crime of tax evasion affects the development of the economy and demands for greater involvement of all institutions of Serbian society and a radical tightening of penal policy and court practice for this type of crime.
Keywords: company, fiscal policy, public expenditures, public revenues, taxes, evasion, tax evasion.
Radojko Lojanicic, Darko Lojanicic, and Nada Zivanovic
FACTORS OF ORGANIZATIONAL OPERATIONS IN THE FOCUS OF CONTROLLING AND MARKET CHANGE To read the article before publishing click here
Abstract: The business of small and medium-sized companies, viewed globally, cannot be imagined without efficient strategic factors and business organization. Incorporating market factors into the business of organizations is imperative for future business. Organizational business takes place through processes that are essential for the administration and overall work of the organization. For the organization and management, adequately grouping jobs and employees increases production. Work overload is controlled effectively, and job duplication is limited. It reduces the waste of material resources and strengths. Effective delegation of work and decision-making is less undemanding. A clear division of labor enables the growth and diversification of activities. The administration is ...
The business of small and medium-sized companies, viewed globally, cannot be imagined without efficient strategic factors and business organization. Incorporating market factors into the business of organizations is imperative for future business. Organizational business takes place through processes that are essential for the administration and overall work of the organization. For the organization and management, adequately grouping jobs and employees increases production. Work overload is controlled effectively, and job duplication is limited. It reduces the waste of material resources and strengths. Effective delegation of work and decision-making is less undemanding. A clear division of labor enables the growth and diversification of activities. The administration is facilitated. The efficient functioning of the entire organization, etc., is achieved. From the organizational aspect, the goal is to develop appropriate factors for successful control and define the most suitable organization's structure, the scope of work, and nature of decentralization. It is essential to implement the appropriate process organization which ensures optimal technical and human resources used to obtain the strategic success of industries and small and medium-sized companies. The influence of market changes requires a clear definition of organizational and strategic factors in management and organization. That is necessary to encourage creativity and innovation linearly, and in the function of strengthening the interaction between different levels of management. It is a prerequisite for uniting the efforts of all employees. The article presents the organization's key factors and control for its successful operation. Organizational structure and culture are the main strategic elements of business efficiency improvement when a company wants to reach the set goals.
Lyudmila Prigoda, Milanka Bogavac, and Zoran Cekerevac
SERBIA AND SMART CITIES To read the article before publishing click here
Abstract: The "smart city" concept is based on the wide use of information and communication technologies. The Internet of Things is the key to the new opportunities to collect and analyze the data needed to create a more pleasant environment. It will connect all the smart-city elements and turn them into a coherent mechanism. Under many definitions, a smart city is a city with good functionality and a perspective on the economy, management, mobility, and environment. At the same time, the city is "sustainable" if it is composed of activities of independent and conscious citizens who can make their own decisions. For the further development of the current smart cities and ...
The "smart city" concept is based on the wide use of information and communication technologies. The Internet of Things is the key to the new opportunities to collect and analyze the data needed to create a more pleasant environment. It will connect all the smart-city elements and turn them into a coherent mechanism. Under many definitions, a smart city is a city with good functionality and a perspective on the economy, management, mobility, and environment. At the same time, the city is "sustainable" if it is composed of activities of independent and conscious citizens who can make their own decisions. For the further development of the current smart cities and also the contenders for that title, constant state support for new projects is necessary. After discussing the general criteria for smart cities, the authors considered smart cities in Serbia. Also, they discussed the application of the geographic information system, activities of communal services, eGovernment, and some solutions that are already in use. The authors gave a critical review of shortcomings in practice and inconsistencies in the smart-cities creation in Serbia. They pointed out that the authorities are taking steps toward the digitalization of cities, trying to involve citizens in the decision-making process, realizing that the development of smart cities has a positive impact on the national economy. But also, it must be done more decisively and efficiently, primarily in the field of legislation and project financing.
Nada Zivanovic, Vlada Zivanovic, and Milija Bogavac
EFFICIENCY OF BUSINESS ENTITIES IN THE FUNCTION OF ORGANIZATIONAL CHANGES To read the article before publishing click here
Abstract: Global market business, characterized by constant quantitative and qualitative changes, forces organizations to monitor business trends to achieve business efficiency and meet set standards. Changes are continuous, and this creates increasing challenges for industrial companies to solve the set market requirements by improving human resources, innovative processes, and technologies. Regardless of whether the changes are hard or soft, employees are responsible for adequately preparing and training for solving work tasks. From an organizational point of view, continuous and quality training of employees can contribute to more efficient acceptance, implementation, and stabilization of the work process. That clearly shows that in contemporary business conditions, in addition to the organization, the psychological aspect is also significant in accepting changes in both management and employees. Organizations should provide ...
Global market business, characterized by constant quantitative and qualitative changes, forces organizations to monitor business trends to achieve business efficiency and meet set standards. Changes are continuous, and this creates increasing challenges for industrial companies to solve the set market requirements by improving human resources, innovative processes, and technologies. Regardless of whether the changes are hard or soft, employees are responsible for adequately preparing and training for solving work tasks. From an organizational point of view, continuous and quality training of employees can contribute to more efficient acceptance, implementation, and stabilization of the work process. That clearly shows that in contemporary business conditions, in addition to the organization, the psychological aspect is also significant in accepting changes in both management and employees. Organizations should provide an efficient strategic plan framework that includes permanent and adequate training, education, training, etc., to achieve the goal and maximize the employees' potential. For the company's efficiency, in contemporary business conditions, it is significant to develop the main strategic factors that need to be incorporated by managers and leaders to achieve a quality product and the success of the entire company. At the heart of market change, designing an efficient training model is of particular importance for company effectiveness. The paper presents research on the structural process model of training, which is considered one of the main components of a company's success.
Vlada Zivanovic, Milija Bogavac, and Milanka Bogavac
INTERNAL CONTROL (AUDIT) – A FACTOR OF CORRECT FINANCIAL AND ACCOUNTING SYSTEM MANAGEMENT To read the article before publishing click here
Abstract: Internal control is the subject of observation of various stakeholders, not only external auditors but also the board of directors, shareholders, as well as the state in the entities where it directly or indirectly performs control. Internal control is significant for the proper management of the financial and accounting system of the organization. Also, it is a vital link in the overall business and production system. Therefore, it is one of the most authoritative studies from which the definition of the term "internal control" arose. According to this definition, internal control is a process established and managed by the management (supervisory) board, management, and lower managers. The internal control should provide reasonable assurance about achievements of goals related to the categories as efficiency and effectiveness of business, quality of financial reporting, compliance with existing legislation and regularity of business, and protection of property from ...
Internal control is the subject of observation of various stakeholders, not only external auditors but also the board of directors, shareholders, as well as the state in the entities where it directly or indirectly performs control. Internal control is significant for the proper management of the financial and accounting system of the organization. Also, it is a vital link in the overall business and production system. Therefore, it is one of the most authoritative studies from which the definition of the term "internal control" arose. According to this definition, internal control is a process established and managed by the management (supervisory) board, management, and lower managers. The internal control should provide reasonable assurance about achievements of goals related to the categories as efficiency and effectiveness of business, quality of financial reporting, compliance with existing legislation and regularity of business, and protection of property from unauthorized use or alienation. Internal control should provide reasonable but not absolute assurance of the company's objectives. The goal is to achieve an adequately protected system composed of physical means (machines, tools), non-physical means (intellectual property, products obtained by expensive research and development processes), and documents (they can be stolen, destroyed, and lost or damaged ). The paper considers internal control through business controls and accounting controls. Business controls relate to the promotion of business performances and compliance with prescribed management policies and are significant when auditing the entire or some sectors of the company. Accounting controls relate to assets protection and the assurance that financial statements and records are reliable.
Keywords: Internal control, management, finance, accounting system, control environment.
Maja Radic, Sanel Cemer, Mehmed Avdagic, and Branka Markovic
PROTECTION OF SOCIAL AND ECONOMIC STANDARDS AND PROMOTION OF FAIR INTERNATIONAL TRADE IN THE GLOBAL WORLD
To read the article before publishing click here
Abstract: Modern economic development of developing countries is largely influenced by the current uneven development of productive forces, in which most of the previous colonies were agrarian raw material pendants to developed industrial countries. The rapid growth of industrial production that has been observed so far in underdeveloped economies, and the need for rapid further development based on modern technology in developed countries, increasingly require a change in development and the importance of international trade for these underdeveloped countries. However, there is virtually no "fair" international trade in the global world, and the protection of social and economic standards is almost impossible in the global world. In many countries, especially in the underdeveloped, this results in a lack of fair international trade. Due to ...
Modern economic development of developing countries is largely influenced by the current uneven development of productive forces, in which most of the previous colonies were agrarian raw material pendants to developed industrial countries. The rapid growth of industrial production that has been observed so far in underdeveloped economies, and the need for rapid further development based on modern technology in developed countries, increasingly require a change in development and the importance of international trade for these underdeveloped countries. However, there is virtually no "fair" international trade in the global world, and the protection of social and economic standards is almost impossible in the global world. In many countries, especially in the underdeveloped, this results in a lack of fair international trade. Due to all this, the profit rate as a determinant of exports of goods and capital is declining. This can be seen as some specifics of modern capital. The role of capital exports today is changing quantitatively, qualitatively, as well as in its manifestations. Various phenomena give birth to opposite phenomena, influencing each other. In this sense, today we can say that the whole world is in a state of some mixed order: in which there is both the classical private capitalist competitive system, and the corporate capitalist (group collectivist) market system and the state collectivist system. It is evident that in the emergence of a new world order, among the main ones is the market through which the flows and destinies of nations and states will be managed.
THE EFFECTS OF INCORPORATING THE EU REGULATION IN THE SERBIAN LEGISLATION ON INVESTORS' PROTECTION To read the article before publishing click here
Abstract: The paper deals with the securities market in the Republic of Serbia and the protection of investors participating in this market, in accordance with EU standards. The development of the capital market and its transformation by incorporating the provisions of EU legislation into Serbian law is observed. Prior to the adoption of the new Capital Market Law, the existing legislation did not specifically regulate the protection of property investment intermediaries’ clients: in case of property fraud, clients of investment companies and investors could get the right to restitution only in court, dealing with the burden of additional costs. The result was ...
The paper deals with the securities market in the Republic of Serbia and the protection of investors participating in this market, in accordance with EU standards. The development of the capital market and its transformation by incorporating the provisions of EU legislation into Serbian law is observed. Prior to the adoption of the new Capital Market Law, the existing legislation did not specifically regulate the protection of property investment intermediaries’ clients: in case of property fraud, clients of investment companies and investors could get the right to restitution only in court, dealing with the burden of additional costs. The result was that investors gave up investing, which negatively affected development of the capital market in the Republic of Serbia. To prevent such a praxis, the Republic of Serbia incorporate the EU regulation aiming to establish the sistem of investors' protection in case of negligent business of investment companies and without additional costs for the clients themselves. This also fulfills the obligation that Serbia has undertaken by signing the Stabilization and Association Agreement with the EU: to harmonize domestic legislation with EU legislation and standards, to improve the business environment in Serbia. The paper deals with the question of whether the new provisions really achieve investor protection and make recommendations for improving the current system.
Keywords: Republic of Serbia; EU; capital market; investors; investment intermediaries; investors' protection
