SME's play crucial role in economy's development. In EU they make up 99% of all enterprises and are at the forefront of technological innovations (Kotler et al., 1999, pp. 139-140; EC 2013, p. 2; Jasinska-Biliczak, 2016, p. 30). Being the flywheel for economies (Soininen et. al., 2012, p. 614) are...

The processes of economic convergence observed in many developing countries are characterized by reduction of economic differences on the between-country level, which are accompanied by growing internal economic inequalities. This may stem from the fact that in catching-up countries, a more...

The aim of the article is a descriptive approach and present the growing importance of the - talent management concept in enterprises. The discussed issues were to explain the definition, the essence and objectives of talent management and visualize them on the background of the changes caused...

Research background: The huge research interest in the interrelationship between motivation, organizational culture, and engagement can be explained psychologically and economically. Psychological reasons include work individualization, increasing interest in positive psychology, and the role of...

Changes in the organisation require its adjustment through the process of organisational change. For changes to bring expected, positive results, all employees should be involved. Employee direct participation is one of the most effective methods of winning them for change and leading them to...

In this article, the idea of financial cycles will be explained as well as its impact on economy. Price bubble and financial accelerator play key role in financial cycle. If there exist disparities in finance markets and they are not stabilized, the future crisis may be more severe. The role of...

The purpose of this article is to present a model of knowledge-based economy in relation to the OECD or Organization for Economic Cooperation and Development. The work will be explained the difference between economic growth and economic development. This article aims is to show how the use of...

The role of institutions in the social and economic development is widely recognized in recent literature on economics of institutions. Economic history provides many examples of bad and good institutional structures, environments, and ways of organizing the social life and relationships between...

There is some ambivalence with regards to how to improve strategic management of organizations. On the one hand the example of big companies emphasizes the need for formalization and good organization of strategic management process. On the other hand the example of small companies draws...