Template-Type: ReDIF-Article 1.0 Author-Name: Hana Urbancová Author-Workplace-Name: Czech University of Life Sciences Prague Author-Name: Kateřina Venclová Author-Workplace-Name: Czech University of Life Sciences Prague Title: Importance of Knowledge Continuity in Business Continuity Management Abstract: At present, the real generator of wealth in society, as well as in the economy as a whole, is knowledge. Knowledge that is critical and precious for an organization (whose loss would represent a threat for the organisation) and that is valuable for competitors needs to be treated with care. Knowledge continuity management is, also, applied to preserve critical knowledge in an organisation in situations where its holder leaves to join a competitor or to retire. The article aims to identify the level of business continuity ensuring in organisations with an emphasis on knowledge continuity. Without employees with the necessary knowledge it is not possible to ensure business continuity. The article contains recommendations for anticipating threats and the elimination of their effects on human resources through knowledge continuity. The article is prepared on the basis of the evaluation of results of research conducted in organisations in the tertiary sector in the Czech Republic. The results show that the majority of organisations do not ensure knowledge continuity as a part of Business Continuity Management, which leads to a threatening of key processes in organisations. One of the conclusions of the article is that, by systematic ensuring of business continuity, it is possible to support the continuity of individual activities in organisational processes and, thus, support Business Continuity Management. Classification-JEL: D83,M12,M15 Keywords: Business Continuity Management, Knowledge Continuity, Employee, Organisations Journal: Acta Universitatis Bohemiae Meridionalis Pages: 3-13 Volume: 16 Issue: 1 Year: 2013 DOI: 10.32725/acta.2013.001 File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2013.001.html File-Format: text/html File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2013.001.pdf File-Format: Application/pdf X-File-Ref: http://acta.ef.jcu.cz/RePEc/boh/references/aub-201301-0001.txt Handle: RePEc:boh:actaub:v:16:y:2013:i:1:p:3-13 Template-Type: ReDIF-Article 1.0 Author-Name: Marie Dočekalová Author-Workplace-Name: Brno University of Technology Title: Determination of Indicators of Corporate Governance Performance Measurement in the Czech Republic Title: Stanovení indikátorů pro měření výkonnosti Corporate Governance v podmínkách České republiky Abstract: Effective Corporate Governance is seen as a key factor in achieving economic performance. This article aims to define key performance indicators (KPIs) of Corporate Governance (CG). Defined indicators in a clear, understandable and measurable way reflect the performance of CG. To meet the objectives of the article, a literature search was performed. Approaches of international organizations (IFAC, DVFA, EABIS and UNCTAD) to measure the performance of CG were analysed. In addition, a questionnaire survey was carried out. The purpose of the questionnaire survey was to describe the current situation and approach of companies to the issue of CG. Based on a synthesis of the knowledge 14 KPIs divided into six areas are proposed: Strategy; Effectiveness of CG; Corruption & anti-competitive behaviour; Involvement in politics & payments to public officials and institutions; Relations with stakeholders; and Compliance. Classification-JEL: C35,G32,G33 Keywords: Corporate Governance, Czech Republic, Performance of Corporate Governance, Key performance indicators Journal: Acta Universitatis Bohemiae Meridionalis Pages: 15-23 Volume: 16 Issue: 1 Year: 2013 DOI: 10.32725/acta.2013.002 File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2013.002.html File-Format: text/html File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2013.002.pdf File-Format: Application/pdf X-File-Ref: http://acta.ef.jcu.cz/RePEc/boh/references/aub-201301-0002.txt Handle: RePEc:boh:actaub:v:16:y:2013:i:1:p:15-23 Template-Type: ReDIF-Article 1.0 Author-Name: Drahoš Vaněček Author-Workplace-Name: University of South Bohemia in České Budějovice Title: The Approach of Small and Medium Sized Enterprises to Process Management Abstract: This investigation of small and medium sized enterprises is based on receiving and evaluating 185 questionnaires reflecting the situation in 2010. Data from questionnaires were evaluated in three different ways: 1) as average values of the whole group. 2) Later, they were sorted according to the number of employees (1-9; 10-24; 25-49; 50-249) and 3) according to six different specialisations. The planning activity is most developed in enterprises with 50-249 employees, where on average 2.6 different plans are used, however, in the category with 10-24 employees only 1.6 plans are made. The same tendency concerns process maps, which are constructed first of all in enterprises with 50-249 employees (67.2 %),whereas, in the category of 10-24 employees this is only 21.7 %. A part of this investigation was focused on four main processes: Marketing, Human relations, Production and Finance. The best evaluation was in respect of Finance, followed by Production, Human relations and Marketing. Detailed analysis was carried out for the process connected with Production. Besides this, the analysis also concerned outsourcing [most outsourced activities were accountancy (24.9 %), maintenance (23.2 %) and transport (26.5 %). As the most competitive advantage there was mentioned assortment (37.8 %), flexibility (21.6 %) and quality of work (35.7 %). The enterprises are worried the most about client's insolvency (39.5 %) and policy of the government (20.5 %). Classification-JEL: L25,M19 Keywords: Small and medium sized enterprises, Process management, Production, Competitive advantage, Outsourcing Journal: Acta Universitatis Bohemiae Meridionalis Pages: 25-34 Volume: 16 Issue: 1 Year: 2013 DOI: 10.32725/acta.2013.003 File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2013.003.html File-Format: text/html File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2013.003.pdf File-Format: Application/pdf X-File-Ref: http://acta.ef.jcu.cz/RePEc/boh/references/aub-201301-0003.txt Handle: RePEc:boh:actaub:v:16:y:2013:i:1:p:25-34 Template-Type: ReDIF-Article 1.0 Author-Name: František Milichovský Author-Workplace-Name: Brno University of Technology Title: New Tools for Effective Marketing Communications Abstract: Successful companies are aware of the needs for long-term strategic development, which is based on relationship marketing with customers. That is necessary to touch the customers' emotion and irrationality of purchase decision. For this touch, companies use marketing communication tools to increase own sales. Adequate communication could create optimal background for effective marketing. The article is focused on dependency between genders and marketing communication tools. The objectives of this research are to verify dependence intensity of marketing communication in connection with respondents and to identify impacts the marketing communication and to describe trend in communication. The research was aimed by random chosen group of young people in the Czech Republic. Classification-JEL: M31,M59 Keywords: Marketing Communication, New Trends, Performance, Gender Journal: Acta Universitatis Bohemiae Meridionalis Pages: 35-43 Volume: 16 Issue: 1 Year: 2013 DOI: 10.32725/acta.2013.004 File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2013.004.html File-Format: text/html File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2013.004.pdf File-Format: Application/pdf X-File-Ref: http://acta.ef.jcu.cz/RePEc/boh/references/aub-201301-0004.txt Handle: RePEc:boh:actaub:v:16:y:2013:i:1:p:35-43 Template-Type: ReDIF-Article 1.0 Author-Name: Marie Vejsadová Dryjová Author-Workplace-Name: University of South Bohemia in České Budějovice Title: The Possibilities of Difference Analysis Utilisation in Profit Rate Assessment Abstract: The main aim of this article is the application of selected methods of difference analysis to the chosen profit indicator of Return on Equity (ROE). First, the importance of the ROE indicator is described in the paper and then, also, the possible methods of pyramidal decomposition in multiplicative structures - ie. the method of gradual changes, the decomposition method with residue, the logarithmic method and the functional method. The pyramidal decomposition of the ROE top indicator is implemented using the functional method, the only one that can be used in the case of a negative volume index indicator and, at the same time, this method is not sensitive to the order of the factors. In conclusion, the assessment of the impact of partial analytical indicators of pyramidal decomposition on the top analysed indicator of ROE is accomplished. The degree of various influences of sub-indicators on the ROE top indicator, in the analysed periods, was different. The ROE indicator was most affected by the Sales Profitability indicator on the second level of decomposition. In the first and last assessment periods, the Sales Profitability indicator was determined by the Cost Efficiency indicator, in the first, and in the second period, by the cost of sales indicator. The partial factor Financial Leverage affected the ROE the least within the assessment period. The Tax Earnings Reduction indicator following the Interest Earnings Reduction indicator presented the stronger influence on the ROE after the Financial Leverage indicator. Classification-JEL: C02,G30,Q12 Keywords: Return on Equity ROE, Pyramidal Decomposition, Functional Method Journal: Acta Universitatis Bohemiae Meridionalis Pages: 45-54 Volume: 16 Issue: 1 Year: 2013 DOI: 10.32725/acta.2013.005 File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2013.005.html File-Format: text/html File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2013.005.pdf File-Format: Application/pdf X-File-Ref: http://acta.ef.jcu.cz/RePEc/boh/references/aub-201301-0005.txt Handle: RePEc:boh:actaub:v:16:y:2013:i:1:p:45-54 Template-Type: ReDIF-Article 1.0 Author-Name: Lenka Přečková Author-Workplace-Name: Silesian University in Opava Title: The Level of Information Asymmetry in Characteristic Items of Property in the Czech Insurance Market Title: Úroveň asymetrie informací v charakteristice položka majetku na českém pojistném trhu Abstract: Asymmetry of information is generally solvable on the current Czech insurance market. This article presents a different view of the issue. There is a specific effect of the asymmetry of information on the insurance market. The phenomenon is the concealment of information in the insurance conditions of insurers. The attitude of insurers creates a risk of financial damage of the insured, primarily in the case of an insurance event. The goal of this paper is to evaluate the asymmetry of information in the selected characteristic designated "item of property" in the area of insurance property, in company insurance against natural hazards in the Czech Republic. The research was carried out up until the date of 1. 9. 2012. This paper is focused on the side of the insurer. The way that insurers inform a company about insurance against natural hazards in the clause "item of property" in the insurance conditions is analysed and evaluated. The valuation of asymmetric information is performed by the method of comparing the standard of information and real information by the insurance conditions. The calculation of the rate of knowledge on the insurance market and the rate of asymmetry information is made. The standard of information is determined on the basis of the analysis and synthesis of the knowledge from insurance practice and legislature, which is valuated in the Czech Republic. The method of sorting is also used. The set of standard information has a direct relation to the risk of the lack of information. This structure is used for the creation of the set of standard information. The result of the paper is the creation of a model of standard insurance conditions in the characteristic called "item of property", the creation of the method of standard insurance conditions for the valuation of asymmetry information, the review of insurers' knowledge of the Czech insurance market and the creation of specific recommendations for the insurance market for the reduction of information asymmetry. Classification-JEL: D82,G22 Keywords: Insurance of Company Property, Insurance Property Specification, Risk of a Lack of Knowledge, Rate of Information Asymmetry, Knowledge of the Insurance Market Journal: Acta Universitatis Bohemiae Meridionalis Pages: 55-70 Volume: 16 Issue: 1 Year: 2013 DOI: 10.32725/acta.2013.006 File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2013.006.html File-Format: text/html File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2013.006.pdf File-Format: Application/pdf X-File-Ref: http://acta.ef.jcu.cz/RePEc/boh/references/aub-201301-0006.txt Handle: RePEc:boh:actaub:v:16:y:2013:i:1:p:55-70 Template-Type: ReDIF-Article 1.0 Author-Name: Michael Burian Author-Workplace-Name: Mendel University in Brno Author-Name: Jana Vrtalová Author-Workplace-Name: Mendel University in Brno Title: Impact of illegal practices of employers on contributions of employee and employer Title: Dopady nelegálních postupů zaměstnavatelů na výši odvodů zaměstnance a zaměstnavatele Abstract: This article deals with the evasion of income tax payable from employment and functional benefits. Within this framework, the impact of this in practice is quantified looking at the commonly used methods of tax revenues reduction (by concealment of income and paid tax returns, and increased claims for the advantage of children), and on the exhaustion of social insurance, premiums for health insurance and tax obligations. This effect is studied in a variety of examples based on data obtained from real taxpayers. The impacts of the practices used are evaluated for all interested parties, i.e. from the perspective of employees, employers and the state. Classification-JEL: H26 Keywords: Tax on income from employment and functional benefits, Social security premiums, Premiums for health insurance, Tax evasion, Tax credit for a dependent child Journal: Acta Universitatis Bohemiae Meridionalis Pages: 71-80 Volume: 16 Issue: 1 Year: 2013 DOI: 10.32725/acta.2013.007 File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2013.007.html File-Format: text/html File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2013.007.pdf File-Format: Application/pdf X-File-Ref: http://acta.ef.jcu.cz/RePEc/boh/references/aub-201301-0007.txt Handle: RePEc:boh:actaub:v:16:y:2013:i:1:p:71-80 Template-Type: ReDIF-Article 1.0 Author-Name: Martina Königová Author-Workplace-Name: Czech University of Life Sciences Prague Author-Name: Kateřina Venclová Author-Workplace-Name: Czech University of Life Sciences Prague Title: Formal Employee Appraisal Carried out in Agricultural Businesses in the Central Bohemian Region Abstract: The article focuses on issues of employee appraisal with emphasis on the formal appraisal of employees in agricultural businesses in the Central Bohemian Region. The main aim of the article is to evaluate the use of formal employee appraisal in agricultural businesses in the Central Bohemian Region. A partial aim is to compare theoretical approaches to employee appraisal from the point of view of Czech and international authors. The survey showed that 87% of agricultural businesses have no system of formal employee appraisal. Among the reasons for not having implemented a formal employee appraisal system, 36% of agricultural businesses stated that they did not consider formal appraisal important, 34% mentioned capacity reasons (only 17% of agricultural businesses have a personnel department within their corporate structure), 15% indicated financial reasons, 10% time demands and 5% other reasons. The outcomes of the survey also showed there is a lack of interest by businesses to implement a system of formal appraisal of employees (only 22.5% of agricultural businesses, that do not use any system of formal employee appraisal, plan its implementation), despite the fact that, currently, people are considered to be the most important strategic asset of any business for achieving a competitive advantage. Classification-JEL: J24,M12,Q13 Keywords: Employee Appraisal, Formal Appraisal, Performance, Human Resources, Agricultural Businesses Journal: Acta Universitatis Bohemiae Meridionalis Pages: 81-88 Volume: 16 Issue: 1 Year: 2013 DOI: 10.32725/acta.2013.008 File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2013.008.html File-Format: text/html File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2013.008.pdf File-Format: Application/pdf X-File-Ref: http://acta.ef.jcu.cz/RePEc/boh/references/aub-201301-0008.txt Handle: RePEc:boh:actaub:v:16:y:2013:i:1:p:81-88 Template-Type: ReDIF-Article 1.0 Author-Name: Hana Bohušová Author-Workplace-Name: Mendel University in Brno Author-Name: Patrik Svoboda Author-Workplace-Name: Mendel University in Brno Title: What will the Implementation of IFRS for SME bring for Agricultural Enterprises? Title: Co by pro zemědělské podniky znamenala implementace IFRS pro SME? Abstract: The specific nature of agricultural activity compared to other business activities undertaken for profit requires different methodological approaches for its recoginition, measurement, recording and reporting. Since most farms in the EU are SMEs and standardization of financial reporting for these businesses in the form of the IFRS for SMEs has not yet been approved by the European Commission, special financial reporting of methodological approaches has not been applied in the agricultural sector yet. This contribution deals with the potential impact of implementation of IFRS for SMEs in agricultural activities and proposes possible methodological procedures for accounting solutions that are in accordance with the IFRS for SMEs, including indicators for evaluation of the impact of the financial analysis that are affected by the choice of methodological approach. Classification-JEL: M41 Keywords: SME, IFRS for SMEs, Biological Assets, Agricultural Produce, Fair Value Journal: Acta Universitatis Bohemiae Meridionalis Pages: 89-100 Volume: 16 Issue: 1 Year: 2013 DOI: 10.32725/acta.2013.009 File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2013.009.html File-Format: text/html File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2013.009.pdf File-Format: Application/pdf X-File-Ref: http://acta.ef.jcu.cz/RePEc/boh/references/aub-201301-0009.txt Handle: RePEc:boh:actaub:v:16:y:2013:i:1:p:89-100 Template-Type: ReDIF-Article 1.0 Author-Name: Martina Novotná Author-Workplace-Name: University of South Bohemia in České Budějovice Author-Name: Tomáš Volek Author-Workplace-Name: University of South Bohemia in České Budějovice Title: The Development of Real Unit Labour Costs in the Context of Cyclical Fluctuations in the Economy Abstract: The main aim of this paper is to analyse the reaction of real unit labour costs and labour productivity in the EU Member States to cyclical fluctuations in the economy of the EU and in the context of different starting positions for each state. The starting position of the states was determined by the value of gross value added per employee. The used dates were gathered over the period 1996 - 2011 (16 years). The analysis shows that the dynamics of labour productivity is strongly positively determined by the cyclical development of the economy of the EU. On the other hand, the dynamics of real unit labour costs is not significantly affected by cyclical fluctuations. The analysis has found that the states with the lowest average gross value added per worker in the base year have less reaction to cyclical fluctuations from the perspective of the dynamics of the monitored indicators. Classification-JEL: D24,E01,E23 Keywords: Real Unit Labour Costs, Labour Productivity, European Union, Gross Value Added Journal: Acta Universitatis Bohemiae Meridionalis Pages: 101-109 Volume: 16 Issue: 1 Year: 2013 DOI: 10.32725/acta.2013.010 File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2013.010.html File-Format: text/html File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2013.010.pdf File-Format: Application/pdf X-File-Ref: http://acta.ef.jcu.cz/RePEc/boh/references/aub-201301-0010.txt Handle: RePEc:boh:actaub:v:16:y:2013:i:1:p:101-109 Template-Type: ReDIF-Article 1.0 Author-Name: József Káposzta Author-Workplace-Name: Szent István University, Gödöllő Author-Name: Henrietta Nagy Author-Workplace-Name: Szent István University, Gödöllő Title: Where are the Visegrad Countries in Meeting the Targets of the EUROPE 2020 Strategy? Abstract: The aim of our study is to highlight the specialities of the Visegrad countries, focusing on their progress in meeting the targets of the two most important strategies of the EU, namely the Lisbon strategy and EUROPE 2020. We wanted to find out whether the Visegrad countries have got closer to the targets defined by the European Commission up to now or if they still need further improvements in some of the fields. In our research, we also intended to see whether the performance of the V4 is enough to catch up with the more developed regions of Western Europe to achieve a harmonised development as well as economic and social convergence. In this paper we intend to share the major findings related to the economic and social progress of the Visegrad countries and to highlight their commonalities as well as differences. Classification-JEL: R11 Keywords: CEE Region, Lisbon Strategy, EUROPE 2020 Strategy, Indicators, Economic and Social Progress Journal: Acta Universitatis Bohemiae Meridionalis Pages: 111-127 Volume: 16 Issue: 1 Year: 2013 DOI: 10.32725/acta.2013.011 File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2013.011.html File-Format: text/html File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2013.011.pdf File-Format: Application/pdf X-File-Ref: http://acta.ef.jcu.cz/RePEc/boh/references/aub-201301-0011.txt Handle: RePEc:boh:actaub:v:16:y:2013:i:1:p:111-127