Global Journal of Business, Economics and Management: Current Issues

EDITORIAL

2019-05-01T20:19:42+01:00

Dear Readers,

It is the great honour for us to publish ninth volume, first issue of Global Journal of Business, Economics and Management: Current Issues

Global Journal of Business, Economics and Management: Current Issues is an international, multi- disciplinary, peer-refereed journal which aims to provide a global platform for professionals working in the field of business, economics, management, accounting, marketing, banking and finance and scholars and researchers to share their theoretical, empirical and practical knowledge on current issues in the area of business, economics and management.

The topics of the next issue will be different. You can make sure that we will be trying to serve you with our journal to provide a rich knowledge of the field. Different kinds of topics will be discussed in 2018 Volume. A total number of twenty (20) manuscripts were submitted for this issue and each paper has been subjected to double-blind peer review process by the reviewers specialized in the related field. At the end of the review process, a total number of six (6) high quality research papers were selected and accepted for publication.

We present many thanks to all the contributors who helped us to publish this issue.

Best regards,

Prof. Dr.Cetin Bektas

Editor– in Chief

Activity situation analysis for production of furniture businesses

2019-05-01T20:20:12+01:00

One of the greatest problems of developing countries is that they have limited sources. What is hold should be optimally used as enrichment of sources and it requires a variety of long-term measures. Economic development of a country is merely possible with increase of production and income. In this study, production planning and control which is an irreplaceable function of production in businesses and of which requirement is felt more with time, analysis of activities and formation of substructure (field, construction, machine, personnel, market, etc.) conditions for establishing a new furniture factory are explained. Seventy-three percent of said businesses state that they perform production planning; however, it is of consideration that there are only a few utilising professional management organisations. It is inevitable that said businesses contribute to the sector in case of commencing mass production by overcoming financial deficiencies and adopting a way of increasing their capacities.

Keywords: Furniture industry, production planning, SMES, production.

Enhancing purchase intention through marketing activities and brand equity: An exploration of local brand coffee bar in Thailand

2019-05-01T20:20:11+01:00

Due to marketing activities, brand equity is the important marketing thought for academic and entrepreneur practices. Creating an appropriate brand equity management has been indicated significant topic for small and medium enterprises. Along with local brand coffee bar in Thailand, with the growing competitive, the customer of local brand coffee bar behaves like a high switching brand and a low brand loyalty. This quantitative study examines significance of marketing activities and brand equity dimension, such as brand awareness, brand association, brand perceived quality and brand loyalty, to enhance purchase intention in local brand coffee bar in Thailand. The customers of local brand coffee bar are attended to collect data in Chiang Mai, which is the one largest city in Thailand. For supporting the research, hypothesis was employed by the structural equation modelling. The results argue that marketing activities and brand awareness have a high strong combined enhance on purchase intention.

Keywords: Brand equity, service marketing mixed, purchace intention, local brand, coffee bar.

Stimulating factor in the provision of tax credits in Slovakia

2019-05-01T20:20:04+01:00

The aim of this paper is to evaluate the issue of tax incentives in Slovak republic. Characteristics of particular types of the tax incentives used in tax practice and impact of tax incentives on the income tax used in Slovakia were analysed. All approval processes and terms of taking incentives were solved through the model case study. Based on the analysis of primary and secondary sources and practical experiences, it was elaborated a SWOT analysis of the strengths and weaknesses of fiscal incentives in Slovakia.

Keywords: Tax incentives, Slovak republic, income tax.

Searching for panacea to management ills: Trust models revisited

2019-05-01T20:19:54+01:00

This is a literature-based paper addressing a few trust models and studies. Trust is a multi-disciplinary subject occupying a pivotal position in the academic and corporate worlds. Many researchers have examined its impacts on various organisational issues. The impact of trust is much context specific. Some researchers have identified the factors of perceived trustworthiness as capability, benevolence and integrity. It reveals that competence, openness, concern and reliability are the dimensions of trust. Availability, competence, consistency, discreetness, fairness, integrity, loyalty, openness, promise fulfilment and receptivity are the ten conditions of trust, identified by the researchers. Some trust models find that high trust reduces competitive behaviour among the individuals and the organisations. Trust failure involves huge penalties to the organisations. Researchers agree that trust is a strong monitoring tool and it reduces expenditures, and leads to higher productivity. Future researchers may empirically examine various trust dimensions and models in various contexts.

Keywords: Trust, trust models/studies, fairness

Design & implementation of a personal Cash flow program using Microsoft Excel®

2019-05-01T20:19:50+01:00

A program that keeps record of personal financial details and also mines the data for insightful analysis is definitely a good day-to-day companion. In this generation, such tool is inevitable in the financial dealings of any individual or company. In this study, we developed an easy but highly intuitive method of tracking financial dealings, budgeting and forecasting personal financial expenditure using Microsoft Excel®. Among others, this program can aid in implementing financial strategies designed to meet specific goals based on percentages in specific categories. From such data, mathematical models were also developed and prediction was made. With little or no modification, the Cash flow program presented in this study could be adopted for use in any type of the organisation where money or any article of business comes in and goes out in a particular cycle (typical of which is monthly). Results and method presented here proved to be effective.

Keywords: Cash flow, Microsoft Excel, budget, forecast.

The EFQM method to compare battery performance

2019-05-01T20:19:44+01:00

This paper links the scientific fields of electrical energy storage with that of managerial performance. It first presents the evaluation method of the efficient framework for quality management (EFQM) model, based on the criteria set interested in which way the management of an organisation acts on the results. An example fulfilling the requirements for an EFQM assessment is also summarised: the search for a high-performance battery internal architecture in order to improve its lifespan. To date, several different architectures, combined with a specific management algorithm, allow to similarly extending the battery lifespan. The method presented here helps to identify which architecture has the best management performance. In addition, it identifies its strengths and main defect.

Keywords: Battery, battery architecture, EFQM, performance, quality management.