Template-Type: ReDIF-Article 1.0 Author-Name: Pavlína Dalíková Author-Workplace-Name: University of South Bohemia in České Budějovice Author-Name: Marie Duspivová Author-Workplace-Name: University of South Bohemia in České Budějovice Title: How the Business Strategies of Small and Medium Sized Enterprises are Affected Based on Their Size and Business Focus Abstract: The Current global environment requires that enterprises should have a clearly determined vision and direction, which they want to head for. This paper deals with the process management of small and medium sized enterprises according to the number of employees and business focus. The aim is to analytically describe the business strategies of surveyed small and medium sized enterprises and their differences based on company size and business focus. Furthermore, to statistically analyse and compare the causal effect between strategy selection and affiliation to examined categories of small and medium sized enterprises. Statistical analysis deals with relative frequencies, graphical analysis and the Kruskal Wallis test complemented by analysis of the correlation coefficient. The results show, except in the case of analytical description of strategies within surveyed small and medium sized enterprises, findings dealing with causal effects of strategy selection between surveyed enterprises according to their business activities too. This article was supported by a grant project GAJU 039/2013/S. Classification-JEL: L53,M12 Keywords: Small and medium sized enterprises, Process management, Business Strategies, Company size, Business Focus Journal: Acta Universitatis Bohemiae Meridionalis Pages: 131-138 Volume: 16 Issue: 2 Year: 2013 DOI: 10.32725/acta.2013.012 File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2013.012.html File-Format: text/html File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2013.012.pdf File-Format: Application/pdf X-File-Ref: http://acta.ef.jcu.cz/RePEc/boh/references/aub-201302-0001.txt Handle: RePEc:boh:actaub:v:16:y:2013:i:2:p:131-138 Template-Type: ReDIF-Article 1.0 Author-Name: Jana Pokorná Author-Workplace-Name: Masaryk University, Brno Title: Association between Quality Management and Financial Performance Abstract: This paper deals with quality management using ISO 9001 certificate and other similar certificates and with Costs of Quality. Numerous studies claim that quality management increases a company's performance, mainly measured by operational indicators. The paper aims to find out if there is also a relationship between implementing these tools in a company and higher financial results. An analysis was carried out on a sample of 548 medium-sized and large companies based in the Czech Republic, by way of an extensive questionnaire survey. Financial performance was measured by means of the return on assets indicator between the years 2005-2011. The findings proved that ISO 9001 and other certificates are quite widespread. Costs of Quality, however, are of little interest to companies. Better financial performance in companies which aim at quality management has not been confirmed. Classification-JEL: M21 Keywords: Financial Performance, ISO 9001, Costs of Quality, Quality Management Journal: Acta Universitatis Bohemiae Meridionalis Pages: 139-148 Volume: 16 Issue: 2 Year: 2013 DOI: 10.32725/acta.2013.013 File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2013.013.html File-Format: text/html File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2013.013.pdf File-Format: Application/pdf X-File-Ref: http://acta.ef.jcu.cz/RePEc/boh/references/aub-201302-0002.txt Handle: RePEc:boh:actaub:v:16:y:2013:i:2:p:139-148 Template-Type: ReDIF-Article 1.0 Author-Name: Lucie Bartůňková Author-Workplace-Name: Mendel University in Brno Title: Implementation of IFRS for SME in Agricultural Enterprises in the Czech Republic Abstract: With the growing importance of small and medium-sized enterprises there is also need to harmonize their financial statements. In this connection IFRS for SME has been developed but currently, it is not part of Czech or European accounting legislation. However, there are some countries in the world that have already adopted this standard and incorporated it in their national legislation. The aim of this paper is to identify the advantages and disadvantages associated with the implementation of IFRS for small and medium-sized enterprises involved in agricultural activities and operating in the Czech Republic. This paper is based on existing experience with implementation of the standard in some countries of the world and a questionnaire survey which was carried out on a sample of agricultural enterprises in the Czech Republic. From the survey it is evident that the representatives of the accounting units interviewed are concerned predominantly about greater administrative burden, which is already now considered to be a major obstacle in the business of small and medium-sized enterprises in the Czech market, and a number of them are also concerned about high implementation costs connected with the adoption of IFRS for SME. Classification-JEL: M41 Keywords: IFRS for SME, Small and medium-sized enterprises, Agriculture, Advantages and disadvantages Journal: Acta Universitatis Bohemiae Meridionalis Pages: 149-155 Volume: 16 Issue: 2 Year: 2013 DOI: 10.32725/acta.2013.014 File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2013.014.html File-Format: text/html File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2013.014.pdf File-Format: Application/pdf X-File-Ref: http://acta.ef.jcu.cz/RePEc/boh/references/aub-201302-0003.txt Handle: RePEc:boh:actaub:v:16:y:2013:i:2:p:149-155 Template-Type: ReDIF-Article 1.0 Author-Name: Martina Novotná Author-Workplace-Name: University of South Bohemia in České Budějovice Author-Name: Jaroslav Svoboda Author-Workplace-Name: University of South Bohemia in České Budějovice Title: The Relationship between the Effectiveness of Production Factors and Business Performance in Agriculture Abstract: The effectiveness of production factors can be evaluated against several relations, which must always be understood as relations between output and input. The aim of this paper is to assess the relationship between the effectiveness of production factors and business performance. One-factor productivity (more precisely labour productivity), total productivity (TFP) - on the basis of economic profit and Return on Assets (ROA) - the most synthetic indicator of profitability, were the applied indicators at approx. 820 agricultural enterprises. In the reference period (2004 - 2010) it was possible to describe the impact of the Czech Republic's accession to the European Union on the selected agricultural enterprises. The agricultural enterprises system was further classified according to several criteria to verify the assumption that enterprises with higher efficiency of production factors have a higher Return on Assets (ROA). Classification-JEL: G31,G32,Q14 Keywords: Efficiency, Productivity (one-factor, total factor), Return on Assets (ROA), Agricultural enterprise Journal: Acta Universitatis Bohemiae Meridionalis Pages: 157-167 Volume: 16 Issue: 2 Year: 2013 DOI: 10.32725/acta.2013.015 File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2013.015.html File-Format: text/html File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2013.015.pdf File-Format: Application/pdf X-File-Ref: http://acta.ef.jcu.cz/RePEc/boh/references/aub-201302-0004.txt Handle: RePEc:boh:actaub:v:16:y:2013:i:2:p:157-167 Template-Type: ReDIF-Article 1.0 Author-Name: Zdeňka Malá Author-Workplace-Name: Czech University of Life Sciences Prague Author-Name: Gabriela Trnková Author-Workplace-Name: Czech University of Life Sciences Prague Title: Analysis of Unequal Distribution of Gross Value Added in Plant Production Business Title: Analýza nerovnoměrnosti rozdělení hrubé přidané hodnoty podniků polní výroby Abstract: The aim of this paper is the evaluation of gross value added inequality in the field production businesses, including the definition of determinants that cause or eliminate the mentioned inequality. The fulfillment of this aim is based on the quantification and decomposition of the Gini coefficient and on quantification of random effects model. Panel data for the analysis were gained from the Creditinfo database and the State Agricultural Intervention Fund and represent the economic results of 140 field production companies from 2005-2010. Results of the paper document the inequality of gross value added, which is generated mainly by the differences in farm size and by different natural conditions, in which the firm farms. The inequality is eliminated mainly by income subsidies. Agri-environmental subsidies also eliminate the inequality but in less extent. Classification-JEL: D30,Q12,Q18 Keywords: Plant production, Gross farm income, Subsidies, Value added, Inequality, Gini coefficient, Decomposition, Econometric model Journal: Acta Universitatis Bohemiae Meridionalis Pages: 169-183 Volume: 16 Issue: 2 Year: 2013 DOI: 10.32725/acta.2013.016 File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2013.016.html File-Format: text/html File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2013.016.pdf File-Format: Application/pdf X-File-Ref: http://acta.ef.jcu.cz/RePEc/boh/references/aub-201302-0005.txt Handle: RePEc:boh:actaub:v:16:y:2013:i:2:p:169-183 Template-Type: ReDIF-Article 1.0 Author-Name: Lucie Vnoučková Author-Workplace-Name: The University of Economics and Management, Prague Title: Factors of Personality leading to employee turnover in organisation Title: Osobnostní faktory vedoucí k fluktuaci zaměstnanců Abstract: Employee turnover is quite costly. Firstly in terms of finance, secondly there is the possibility to lose knowledge workers and thirdly it may threaten knowledge continuity. Therefore, it is necessary to take care about causes leading to employee turnover. The aim of the paper is, based on the outcomes of primary survey, to identify and describe the specific causes leading to employee turnover and by naming them to suggest changes in human resource management leading to restriction or to complete elimination of such a problematic phenomenon. The results summarize the main causes of employee turnover and divide them according to the outcomes of statistical analyses (correlation, regression and principal component) to internal causes based on personal focus of employee (his/her personal values) into collectivistic and individualistic. The focus on resulted factors and their education as new competence model to managers may limit the cases of negative turnover in practice. Classification-JEL: J63 Keywords: Organisation, Turnover, Employee, Causes, Personality Journal: Acta Universitatis Bohemiae Meridionalis Pages: 185-198 Volume: 16 Issue: 2 Year: 2013 DOI: 10.32725/acta.2013.017 File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2013.017.html File-Format: text/html File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2013.017.pdf File-Format: Application/pdf X-File-Ref: http://acta.ef.jcu.cz/RePEc/boh/references/aub-201302-0006.txt Handle: RePEc:boh:actaub:v:16:y:2013:i:2:p:185-198 Template-Type: ReDIF-Article 1.0 Author-Name: Milan Přibyl Author-Workplace-Name: GIST, s.r.o. Title: Ethical Management Prevents Crisis Abstract: The management of many our companies is mainly carried out through monitoring of measurable, quantitative properties of business phenomena and volume of achieved short term profits in time. Companies under-estimate the dynamics of production growth and sales, and do not pay sufficient attention to regulation of fixed costs. It often causes firms many problems and may result in a crisis. There is a nationwide illusion of never-ending growth in demand, which creates the fiction that everything can be bought for cash or on credit. This view influenced the management of corporate and civic communities and assisted to the unwanted development of consumer society without feeling the need or responsibility to pay the back loans on time. Besides the lack of ethics in the company management, there is also lack of careful and detailed planning and system decisions. This is often manifested by managers that pay attention only to subsystems and their components but not to the business as a whole. Managers do not adapt themselves to the specific requirements of the enterprise. Decissions which can be considered as an application of stimulating innovation, should not only systematically and responsibly develop managers' own style of work, but also business behavior as a whole. People are the holders of ethics in management. Those, who identify themselves with the idea that ethics in management is necessary, and also in interpersonal relationships, have understood the future trend, which is the responsibility for the work results but also the interpersonal relationships. The target of this article is to draw attention to the lack of respect for responsible management represented by managerial ethics, innovation and creativity, systematic approach and leadership, and to appeal for the need to promote a comprehensive approach to this issue - innovation of management theory and practice. Classification-JEL: M14 Keywords: Innovation of Management, Crisis, Business Ethics, Responsible Management, Corporate Social Responsibility Journal: Acta Universitatis Bohemiae Meridionalis Pages: 199-209 Volume: 16 Issue: 2 Year: 2013 DOI: 10.32725/acta.2013.018 File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2013.018.html File-Format: text/html File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2013.018.pdf File-Format: Application/pdf X-File-Ref: http://acta.ef.jcu.cz/RePEc/boh/references/aub-201302-0007.txt Handle: RePEc:boh:actaub:v:16:y:2013:i:2:p:199-209