In the 21th century, the core competitive advantage of companies results from human beings who create virtual capital such as knowledge and skills. Thefefore, the real winners will be those people who can use the resources to learn anytime and anywhere. As investment in human, time, and financial resources for e-Learning continues to rise, so should the companies concern the effectiveness of implement of e-Learning will be the key of success of e-Learning. All questions in the survey questionnaire were designed by summarizing the definitions or opinions of some literatures in relation to learning motivation, learning strategy and knowledge-oriented culture, adopting the exploration of empirical survey approach. It¡¦s not only to figure out the relationship and influence between learning motivation and learning effectiveness of e-learning, but also to examine if learning motivation or knowledge-oriented culture has the moderator effects to the learning satisfaction or enterprise performance on e-learning. Also, trying to find out the differences of all variables among the e-learners¡¦ characteristics, and to determine the differences of all variables in comparison to different type of companies. After empirical datas collection and statistic analysis, the results come out as the following statements: 1. There is a positive relationship and effect among learning satisfaction and enterprise performance of effectiveness of e-Learning. 2. Learning strategy has the partial moderator effects to learning motivation and enterprise performance. 3. Knowledge-oriented culture has the partial moderator effects to learning motivation and enterprise performance. 4. There are differences in different type of companies to the variables of learning strategy, knowledge-oriented culture, learning satisfaction and enterprise performance.

Το αντικείμενο μελέτης της παρούσας διπλωματικής εργασίας είναι η διερεύνηση των προσδιοριστικών παραγόντων του ρυθμού μεγέθυνσης των επιχειρήσεων δίνοντας ιδιαίτερη έμφαση στο ρόλο των χρηματοοικονομικών περιορισμών. Η εμπειρική ανάλυση βασίστηκε σε ένα δείγμα από διαστρωματικά δεδομένα για 546 επιχειρήσεις που δραστηριοποιούνται στην Ελλάδα το έτος 2003 και έχουν συλλεχθεί από την Παγκόσμια Τράπεζα και την Ευρωπαϊκή Τράπεζα για την Ανασυγκρότηση και την Ανάπτυξη στο πλαίσιο της έρευνας BEEPS (Business Environment and Enterprise Performance Surveys). Εκτιμήθηκαν τρία εμπειρικά υποδείγματα που διαφέρουν μεταξύ τους ως προς την προσέγγιση της οικονομικής επίδοσης των επιχειρήσεων (firm performance). Ειδικότερα, η επίδοση της επιχείρησης μετράται σε όρους μεταβολής α) των περιουσιακών στοιχείων (investment), β) των πωλήσεων (sales) και γ) του εργατικού δυναμικού (employment). Τα οικονομετρικά υποδείγματα (Probit και Multinomial Logit) επιλέχτηκαν με σκοπό να προσεγγίσουν ακριβέστερα την φύση της καθεμιάς εξαρτημένης μεταβλητής. Σύμφωνα με τα αποτελέσματα της οικονομετρικής ανάλυσης βρέθηκε ότι οι περιορισμοί ρευστότητας διαδραματίζουν έναν κρίσιμο ρόλο στις αποφάσεις που αφορούν την επένδυση της επιχείρησης. Το εύρημα αυτό δεν φαίνεται να επιβεβαιώνεται στην περίπτωση των δεικτών επίδοσης που αφορούν τις πωλήσεις και την απασχόληση. Να σημειωθεί ότι σημαντικά είναι τα ευρήματα αναφορικά με τον ρόλο άλλων μεταβλητών όπως η χρήση νέων τεχνολογιών και η ύπαρξη φαινομένων διαφθοράς. / The objective of this study is to investigate the role of investments and financial constraints on firms’ growth in Greece. The data come from the BEEPS (Business Environment and Enterprise Performance Surveys) and the empirical analysis uses 545 greek firms during 2003. The firms’ performance is measures in terms of fixed assets, sales and employment. The econometric models that are used are probit and multinomial logit in order to better estimate the control variable. The results from the econometric analysis show that financial constraints play an important role in investments decisions. This finding is not significant when firms’ performance is measured in terms of sales and employment. The empirical findings about technology and corruption are statistical significant.

This paper deals with theory of measuring enterprise performance in relation to its market value. Main objective is to explain the principles of value-based management and answer the question why managers prefer this concept of financial management. It is extended about less used financial performance indicators which respects principles of value-based management and implements to this traditional instrument new dynamic components. This theory is supported by case study.

abstract: Although China’s economy has experienced fast growth over the years, it is also characterized by a lack of innovative products and slow development of advanced production technologies. A main reason for this problem is insufficient investments in research and development (R&D) activities by Chinese firms. Because of the potential externality and free-rider effects, the economics literature has long suggested that the private sector tends to underinvest in R&D without governmental interventions. The weak protection of intellectual property rights in China makes the problem of underinvestment in R&D even worse. In this situation, it becomes increasingly important for the government to provide incentives such as subsidies on R&D investments, given that R&D investments are critical to the development of new technologies and the sustainable growth of the economy. In this study I investigate how governmental subsidies on R&D influence Chinese firms’ R&D investments and performance. Specifically, I want to find out (1) whether governmental subsidies promote or hinder firms’ R&D investments, and (2) whether governmental subsidies have differential effects on financial performance across different types of firms. My goal is to better understand the effects of governmental subsidies on Chinese firms. To achieve this goal, I first conduct an extensive review of the relevant literature and then develop a conceptual model about the determinants of governmental subsidies on R&D in China. Next, I conduct empirical analysis using data collected from all the firms listed in the Shanghai Stock Changes and Shenzhen Stock Exchanges during the period of 2009 to 2012. Overall, my findings show that governmental subsidies on R&D have a positive impact on R&D investments by the listed firms. Meanwhile, I find that this positive impact varies significantly across different types of firms, particularly among firms that are still largely owned by the state. I conclude this study with a discussion of its implications for governmental policies on R&D investments. / Dissertation/Thesis / Doctoral Dissertation Business Administration 2015

This thesis deals the efficiency of company and in differences between traditional and modern indicators of financial efficiency of company as first. Practical part of this graduation thesis targets on the modern performance criteria of a company. Economic value added was chosen as a representative of the modern value indicators. Economic value added is a way to determine the value created for the shareholders of a company. In the case study is EVA computed by economic model, accounting model and benchmarking diagnostic system of financial indicators INFA in the company which was chosen. The main part forms describing the adjustments that the economic model demands. In details are described editing which lead to the net operating assets and to the net operating profit after taxes (NOPAT). All three methods are compared one another in conclusion.

The aim of the diploma thesis is to analyse effect of Balance Scorecard method on the enterprise performance using EVA indicator. On the basis of integrated management model of organisation is made analysis of OKAY Slovakia s.r.o., the company deals with consumer electronics business. On deducted failures are designed strategic goals within the Balanced Scorecard method, achieving these goals would lead to higher enterprise performance.

This work aims at informational systems – definition of basic related conceptions, determination and evaluation of usability and its effectiveness and benefits to enterprise, processes and methods of their management.

Leadership in small and medium enterprises (SMEs) has remained an under-researched area in the management literature, especially in developing countries such as Nigeria. SME owner-managers in Nigeria lacked in-depth understanding of their leadership style to objectively evaluate its implication on long-term performance and growth of their enterprise. The purpose of this qualitative multiple-case study was to explore the experiences of SME owner-managers in Nigeria to gain an in-depth understanding of their leadership style and its implication for long-term performance and growth of their enterprise. The conceptual framework for this study was anchored in two key concepts; leadership styles and leadership in SMEs, with the full range leadership model as the theoretical foundation. The research question sought to explore the role of SMEs owners and managers leadership styles in the long-term success of their enterprise. Interview data were collected from 6 SME owner-managers who employ less than 200 employees within the manufacturing, education, and trading sectors. The cross-case synthesis technique was used for data analysis which allowed for within-case analysis and cross-case comparisons. Findings from this study showed that Nigerian SME owner-managers do not follow any specific leadership style. They exhibited few characteristics of transformational and transactional leadership behaviors, leaning more to transactional leadership. This study has significance for positive social change by providing insights on how leadership styles can improve the performance and sustainability of Nigerian SMEs, thus increasing their capacity to create employment.

Disertacijoje analizuojama, kaip vadovų savaiminio mokymosi pagalba daryti įtaką įmonės veiklos rezultatams. Vadovų savaiminis mokymasis nagrinėtas tarpdiscipliniškai – atskleisti vadybiniai, psichologiniai bei edukologiniai aspektai. Susisteminta savaiminio mokymosi samprata bei atskleisti jos ryšiai su formaliuoju ir neformaliuoju mokymusi. Įvardinti vadovų savaiminio mokymosi veiksniai: savaiminio mokymosi individo, savaiminio mokymosi aplinkos veiksniai bei savaiminio mokymosi metodai. Taip pat aprašyti mažų ir vidutinių įmonių veiklos rezultatai. Vadovų savaiminio mokymosi veiksnių įtaka įmonių veiklos rezultatams ištirta empiriškai Lietuvos mažose bei vidutinėse įmonėse. Tyrimas atskleidė, kad didžiausią įtaką Lietuvos mažų ir vidutinių įmonių rezultatams (įmonės inovatyvumui, klientų pasitenkinimui ir jų nusiskundimų fiksavimui, darbuotojų pravaikštų mažėjimui ir darbuotojų pasitenkinimui) turi tam tikri vadovų savaiminio mokymosi veiksniai: aukštas vadovų pasiekimo poreikis, aukštos teigiamos vadovų nuostatos į mokymąsi, lengvai darbuotojams prieinama informacija įmonėje, skiriamas laikas, o taip pat ištekliai bei priemonės, reikalingos mokytis. / The dissertation analyses how to impact enterprise performance results with the help of managers’ informal learning. The concept of managers’ informal learning has been analyzed interdisciplinary – the aspects of management, psychology and educology sciences have been revealed. The concept of informal learning has been clarified and its interrelationship with formal and non-formal learning has been defined. Also factors of managers’ informal learning have been identified: individual informal learning factors, factors of informal learning environment and informal learning methods. The performance management results of small and medium-sized enterprises have been described. The impact of managers’ informal learning on enterprise performance results has been verified empirically in Lithuanian small and medium sized enterprises. The research revealed the particular factors having the biggest impact on Lithuanian small and medium-sized enterprise performance results: enterprise innovativeness, customer satisfaction and their complain tracking, absenteeism decline and employee satisfaction. The mentioned most significant managers’ informal learning factors are as follows: manager’s high need for achievement, high positive manager’s attitudes towards learning, easily accessible information in organization, resources and time allocated for learning.

The volume of sales, amount of revenue and profit of any enterprise depends on the result of interaction between employees and potential consumers. Both quality and efficiency of interaction are governed by employee’s emotional intelligence level. The purpose of the master thesis lies in formulation of methodological approach to distribution of employee’s responsibilities based on the level of emotional intelligence. In this thesis the consideration is given to the conceptions of emotional intelligence and issues of correlations between emotional intelligence and performance efficiency of both employees and enterprises. Educational and research literature, corporate statistics data as well as self-conducted empiric research were used as basis for the study. In the master thesis was formulated the algorithm based on suggested classification of enterprises and employees that takes into consideration the level of emotional intelligence. This represented approach is suitable for any organization and designed to synchronize direction and enterprise’s development program in order to effect growth of economic results. / От взаимоотношений с потенциальными потребителями зависит итог взаимодействия, который выражается в объеме продаж, размере выручки и прибыли любого предприятия. На эффективность и качество коммуникации влияет эмоциональный интеллект. Целью магистерской диссертации является Разработка методических подходов к распределению функциональных обязанностей сотрудников на основе уровня эмоционального интеллекта. В работе рассматривается генезис понятия эмоциональный интеллект и вопросы взаимосвязи эмоционального интеллекта с деятельностью сотрудников и предприятия. В качестве источников использовалась учебно-методическая и научно-исследовательская литература, результаты эмпирических исследований автора и данные корпоративной статистики. В магистерской диссертации был разработан алгоритм управления эффективностью деятельности предприятия, в основу которого положена предложенная классификация видов предприятия и типов работника, который позволяет синхронизировать направление и программу развития предприятия, способствуя росту экономических показателей.