{"title":"Human Resources Development in the Solution of Regional Disparities in Slovakia","authors":"Vuk Bevanda, V. Kollár, Silvia Matúšová","doi":"10.31410/eraz.2022.211","DOIUrl":"https://doi.org/10.31410/eraz.2022.211","url":null,"abstract":"Different historical, geographical, socio-economic and social conditions have led to the situation that the regions in Slovakia are equipped with different start-up capital, different quality of human potential and various infrastructures and therefore they develop accordingly. Regional disparities are understood as differences in the degree of socio-economic development of regions, which is uneven. The problem of regional disparities cannot be seen only as economic differences between regions, as there are also significant intraregional differences within a region. In the regional context, education and training of youth and adults are directly linked to employment, social security, economic and social development. Insufficient education and training of individuals reduce their employment opportunities, limit their responsible approach to work and life, worsens living conditions, increases social risks, and may deteriorate their health. The level of educational attainment is also related to the level of innovation performance and the competitiveness of regions. A special area is represented by the preparation of capacities for the sector of research and development. The regional differences could be seen in the location of universities preparing graduates for research and development as well as the placement of research and development institutions. The main aim of the paper will be to point out how human resources could be deployed in the solution of regional disparities in Slovakia.","PeriodicalId":410143,"journal":{"name":"International Scientific Conference ERAZ - Knowledge Based Sustainable Development","volume":"73 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124827953","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Specific Interrelation between Motivation, Emotions and Sustainable Consumer Behaviour","authors":"Vuk Bevanda, Nadejda Dimova","doi":"10.31410/eraz.2022.163","DOIUrl":"https://doi.org/10.31410/eraz.2022.163","url":null,"abstract":"The changes brought about by COVID-19 and digitalisation do not eradicate the genuine problems associated with sustainable consumer behaviour and achieving sustainable development in general. Consumer motivation and emotions are closely intertwined with achieving sustainable consumer behaviour. The research interest was sparked by the interrelation between motivation, emotions and sustainable consumer behaviour. It is specific and determines the extent to which consumers want and are motivated to consume sustainably and in parallel with what emotions they experience in the overall consumer decision-making process and their consumer journey. The research methodology includes presenting the relationship between the individual elements in the purchase, presenting different types of motivation that affect sustainable consumer behaviour, clarifying the different types of emotions in sustainable consumer behaviour and focusing on happiness as a leading emotion to achieve sustainable consumption. It is to the benefit of the readers to recognise the importance of the interrelation between emotions, motivation and sustainable consumer behaviour and build perfect strategies based on it.","PeriodicalId":410143,"journal":{"name":"International Scientific Conference ERAZ - Knowledge Based Sustainable Development","volume":"386 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115981335","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Vuk Bevanda, Rui Dias, N. Horta, Catarina Revez, Paula Heliodoro, Paulo Alexandre
{"title":"The Evolution of the Cryptocurrency Market Is Trending toward Efficiency?","authors":"Vuk Bevanda, Rui Dias, N. Horta, Catarina Revez, Paula Heliodoro, Paulo Alexandre","doi":"10.31410/eraz.2022.87","DOIUrl":"https://doi.org/10.31410/eraz.2022.87","url":null,"abstract":"When compared to traditional financial markets, cryptocurrencies were seen as assets with minimal correlations. However, because this continually expanding financial market is marked by substantial volatility and strong price movements over a short period, developing an accurate and reliable forecasting model is deemed crucial for portfolio management and optimization. Given the relevance of cryptocurrencies in the global economy, it is important to determine if Bitcoin (BTC) becomes more predictable as investors adopt more aggressive trading positions. We examine BTC over the period from May 15th, 2021, to April 14th, 2022 (8676-time data), using intraday (hourly) time scales. The results reveal that the random walk hypothesis is rejected at lags of 3 to 16 days, while we see that the BTC market tends toward efficiency (see the evolution between lags of 16 and 2). These findings reveal that, given the uncertainty in the global economy in 2022, namely the Russian invasion of Ukraine, the BTC market shows values of the variance ratios close to unity, implying that it is, apparently, not predictable and that the residuals are not autocorrelated in time. In addition, the results of the Detrended Fluctuation Analysis (DFA) exponent show that this market does not exhibit characteristics of (in) efficiency in its weak form. In other words, this market does not have persistent and mean-reverting properties, thus validating the results of Wright’s Rankings and Signs variance test.","PeriodicalId":410143,"journal":{"name":"International Scientific Conference ERAZ - Knowledge Based Sustainable Development","volume":"37 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127196643","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Vuk Bevanda, Dora Rašan, Denis Prevošek, Karmela Višković
{"title":"Concept and Measurement of Memorable Tourism Experience","authors":"Vuk Bevanda, Dora Rašan, Denis Prevošek, Karmela Višković","doi":"10.31410/eraz.2022.241","DOIUrl":"https://doi.org/10.31410/eraz.2022.241","url":null,"abstract":"In the last twenty years scholars and practitioners have shown interest in exploring the concept of tourist experience from different perspectives. However, therefore less attention has been paid to the research on the tourist experience with special emphasis on the concept of memorable experience (MTE). Starting from the above, the purpose of this paper is to present a detailed and systematic quantitative research review aimed at identifying new trends in MTE research and reducing the existing gaps in the experience economy literature. For the purposes of this research, 47 studies on MTE published between 2010 and 2021 were analyzed according to the year of publication, geographic coverage, publication source and forms of tourism. The results of this study suggest that the largest number of studies of MTE were conducted in 2019 (21.28%) in Asia (56.81%) and published in the journal Anatolia (10.64%). Further analysis revealed that the largest number of research were carried out in the context of destination and gastronomic tourism. Therefore, only for these two forms of tourism, the causal relationship of different variables was analyzed, thus gaining an insight into their measurement instruments. In measuring the destination memorable tourism experience the MTE model is the most common one, while in measuring gastronomic tourism the most frequently applied dimensions are novelty, food quality, service environment and atmosphere. From a management perspective, the findings of this study offer practical implications for measuring MTE, especially in the context of destination and gastronomic tourism. Based on the analyzed data, tourism providers can get an insight into the tested and valid instrumentation that can allow them to determine strengths and weaknesses in the existing elements of their offer always focusing on the possibilities for long-term improvement of the whole service.","PeriodicalId":410143,"journal":{"name":"International Scientific Conference ERAZ - Knowledge Based Sustainable Development","volume":"70 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131772930","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Wine Routes in France","authors":"Vuk Bevanda, C. Man, C. Slave","doi":"10.31410/eraz.2022.269","DOIUrl":"https://doi.org/10.31410/eraz.2022.269","url":null,"abstract":"Wine is much more than a simple agricultural product or a vague raw material that is traded on the markets of London or Chicago. Wine accompanies, enhances, completes and sometimes sublimates our table. However, it cannot be confined to the gastronomy sector alone because it is much more than that. Wine has a cultural, historical and heritage dimension, it also occupies a decisive place in the economic and social fields. France and wine… A long story that has caused a lot of “ink to flow”. It was the Greeks who, around 600 BC. AD, planted the first vines in southern Gaul. From the 2nd century BC. AD, the Romans and then the Gallo-Romans gradually developed wine production throughout the territory of present-day France. During the Middle Ages and the centuries that followed, the wines were perfected. This movement resulted in the emergence of very different beverages, which current producers continue to improve.","PeriodicalId":410143,"journal":{"name":"International Scientific Conference ERAZ - Knowledge Based Sustainable Development","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132049477","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Relationship between Ethics, Rule of Law and State Leadership","authors":"Vuk Bevanda, Larisa Vasileska","doi":"10.31410/eraz.2022.227","DOIUrl":"https://doi.org/10.31410/eraz.2022.227","url":null,"abstract":"The study of what is ethically good and bad, as well as what is morally correct and wrong, is known as ethics, also known as moral philosophy. A moral value system or theory is commonly used to refer to any system or theory of moral values or principles. Individuals who lead ethically act in accordance with a set of principles and values that the majority recognizes as a sound foundation for the common good. Integrity, respect, trust, fairness, transparency, and honesty are among them. Integrity is a crucial determinant of trust and a crucial concept for an understanding of governance. Ethics and state leadership policies should be focused on eliminating corruption and establishing strong ethical standards, which will serve to strengthen the credibility and legitimacy of people participating in state decision-making while also protecting the public interest. This paper will analyze the role of personal ethics in leadership and how ethics helps people become more effective leaders. Understanding ethics, integrity, and motivation in order to act as a role model and build a plan of action for state leadership will be discussed, as well as the value of excellent leadership.","PeriodicalId":410143,"journal":{"name":"International Scientific Conference ERAZ - Knowledge Based Sustainable Development","volume":"99 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124897221","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Vuk Bevanda, Dora Rašan, Karmela Višković, Denis Prevošek
{"title":"Memorable Sensory Experience in Restaurant: A State-Of-The-Art Review","authors":"Vuk Bevanda, Dora Rašan, Karmela Višković, Denis Prevošek","doi":"10.31410/eraz.2022.253","DOIUrl":"https://doi.org/10.31410/eraz.2022.253","url":null,"abstract":"The restaurant industry is no longer expected to provide only high food and service quality but to stimulate the senses that will contribute to creating a memorable experience for restaurant guests. Thus, sensory senses play an increasingly important role for restaurateurs, especially in the context of nurturing long-term relationships with guests. Therefore, the main purpose of this research is to identify and evaluate studies that dealt with a memorable sensory experience of restaurant guests. The findings of this study indicate that the largest number of studies was published in 2019 (24%) in Asia (36%). Furthermore, scientific experts included all five sensory components in only 32% of the studies examining guests about their memorable restaurant experiences. The contribution of this research is reflected in determining the presence of sensory perception in the literature related to gastronomy. The results of this research enable the awareness of restaurateurs and scientific experts about the importance of examining the sensory perception of restaurant guests.","PeriodicalId":410143,"journal":{"name":"International Scientific Conference ERAZ - Knowledge Based Sustainable Development","volume":"54 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132698941","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Achieving Disclosure Efficiency Regarding the Climate-Related Issues: A Unique Challenge to the Present-Day Corporate Reporting","authors":"Vuk Bevanda, Hristina Oreshkova","doi":"10.31410/eraz.2022.117","DOIUrl":"https://doi.org/10.31410/eraz.2022.117","url":null,"abstract":"Over the recent decades, climate change has been intensifying. The problems caused by climate change are unique. The process creates an existential threat to humans and other living beings interrelated with another risk arising from the crisis caused by biodiversity deterioration and environmental degradation. The coexisting impacts of both factors on people, biodiversity, economic sectors, and entities pose unprecedented challenges to humankind. The present-day unfavorable impacts of climate change require adequate governmental, and managerial strategies, policies, and activities as well as administrative actions for achieving sustainable, fair, and resilient growth. Phenomena and processes indicating climate change are developing on a global scale. That gives rise to discussions and highlights and justifies the need for meaningful, transparent, and complete climate-related disclosures. The necessity of trustworthy disclosures on climate-related matters and inherent risks and opportunities related to adaptation to climate change and its mitigation is a problem of crucial importance to the article. The relevance of climate-related disclosures as a significant part of present-day corporate reporting proves to be of great significance for achieving disclosure efficiency. The author aims to highlight, discuss and justify the necessity of applying a responsible approach to carry out an adequate disclosure policy and provide meaningful, consistent, and comparable disclosures on climate-related matters, risks and opportunities considered a significant part of present-day corporate reporting, and substantiate why probable benefits for a sustainable future can be expected, not only for the company. The terminology of the research is in the field of financial and non-financial reporting and their regulatory frameworks that are still not fully aligned. Heuristic methods of knowledge – analysis and synthesis, induction and deduction, descriptive approach, and techniques such as observation, analogy, comparison, and others are applied, for achieving the author’s objective.","PeriodicalId":410143,"journal":{"name":"International Scientific Conference ERAZ - Knowledge Based Sustainable Development","volume":"76 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132839696","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Modern Management: The Biggest Challenge of an Era Full of Changes","authors":"Vuk Bevanda, I. Stanca, Tudor Tarbujaru","doi":"10.31410/eraz.2022.133","DOIUrl":"https://doi.org/10.31410/eraz.2022.133","url":null,"abstract":"The 21st century was marked by countless changes and upheavals around the world that very much revealed a new age. This era of fast, sudden, and omnipresent change has serious implications for our future. In today’s fast-paced world, each organization needs new tools and methods to strengthen its effectiveness. Strong competition in the worldwide marketplace requires organizations to figure out ways to be competitive. Competitive advantage is achieved only by organizations that are ready for extreme changes and employ techniques and concepts of non-stop improvement. In order to obtain a competitive advantage, the context of continuous quick globalization, change, and development drives fresh ideas about the modes of activity and roles of organizations. One of the most crucial human activities is management. Since the beginning of time, when humans formed social organizations to achieve goals and objectives that they could not achieve as individuals, management played a vital role in ensuring that individual efforts were coordinated. What is now happening compels managers to employ more modern, contemporary techniques and manners of management to meet current issues. New management strategies, such as a process-oriented approach, are necessary. Modern management is the foundation for creating a successful, market-competitive organization. To answer these issues, the study will focus on analyzing management theories and particular elements that separate today’s management from previous eras. Therefore, managers in modern businesses must recognize the critical role they play in helping their organizations accomplish their objectives. For this goal to be achieved, it is vital to apply modern achievements and technology in organizational management. Our paper’s purpose is to demonstrate how management has grown up in an ever-changing organizational environment. To solve these challenges, researchers need to broaden and expand their attention to the process approach as a way of enhancing the organization’s management system and developing recommendations for maximizing crucial business processes. These events have had an impact on the organizational world, and it is up to management to refresh, modernize and rise to face the challenges.","PeriodicalId":410143,"journal":{"name":"International Scientific Conference ERAZ - Knowledge Based Sustainable Development","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125547582","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}