EFFECTIVENESS AND COMPETITIVENESS OF MODERN BUSINESS Concepts – Models – Instruments Pobrano z http://repo.pw.edu.pl / Downloaded from Repository of Warsaw University of Technology 2021-10-09 Pobrano z http://repo.pw.edu.pl / Downloaded from Repository of Warsaw University of Technology 2021-10-09 CRACOW UNIVERSITY OF ECONOMICS Department of Economics and Organization of Enterprises FOUNDATION OF THE CRACOW UNIVERSITY OF ECONOMICS EFFECTIVENESS AND COMPETITIVENESS OF MODERN BUSINESS Concepts – Models – Instruments Edited by Andrzej Jaki, Tomasz Rojek Cracow 2016 Pobrano z http://repo.pw.edu.pl / Downloaded from Repository of Warsaw University of Technology 2021-10-09 All papers have been prepared in English by the Authors The editors are not responsible for its form and style Reviewer Krzysztof Janasz © Copyright by Department of Economics and Organization of Enterprises of the Cracow University of Economics, Cracow 2016 ISBN 978–83–65173–53–9 (printed version) ISBN 978–83–65173–54–6 (pdf on–line) Publishing House: Foundation of the Cracow University of Economics ul. Rakowicka 27, 31-510 Kraków, POLAND Pobrano z http://repo.pw.edu.pl / Downloaded from Repository of Warsaw University of Technology 2021-10-09 TABLE OF CONTENTS INTRODUCTION ......................................................................... 9 PART I COMPETITION STRATEGIES AND BUSINESS MODELS CHAPTER 1 Estera Piwoni-Krzeszowska RELATIONSHIP STRATEGIES AS A CONTEMPORARY TREND OF THINKING ABOUT STRATEGY . 15 CHAPTER 2 Tomasz Lis COMPETITIVE FACTORS OF ENTERPRISES IN DYNAMIC ENVIRONMENT. 25 CHAPTER 3 Sylwia Łęgowik-Świącik, Sylwia Kowalska, Małgorzata Kuraś THE BUSINESS MODEL OF THE COMPANY IN THE INTER-ORGANIZATIONAL NETWORK ...... 33 CHAPTER 4 Katarzyna Żyminkowska ENGAGING CUSTOMERS IN THE FASHION BUSINESS MODELS ............................. 43 CHAPTER 5 Adam Nalepka HOUSING MANAGEMENT MODELS IN POLAND ............................................ 57 Pobrano z http://repo.pw.edu.pl / Downloaded from Repository of Warsaw University of Technology 2021-10-09 6 Table of contents PART II MANAGEMENT CONCEPTS AND THEIR APPLICATIONS CHAPTER 6 Zbigniew Antczak CONCEPT MANAGER-ATTRACTOR (= KNOWLEDGE AGENT IN NETWORK) ................... 69 CHAPTER 7 Barbara Czerniachowicz THE ROLE OF THE COMPETENCES OF EMPLOYEES IN AN INTELLIGENT ORGANIZATION ..... 81 CHAPTER 8 Magdalena Kraczla APPLICATION OF COACHING IN A LEARNING ORGANISATION .............................. 89 CHAPTER 9 Janusz Zawiła-Niedźwiecki CRISIS MANAGEMENT IN SOCIAL LOGISTICS. THE CONCLUSIONS OF THE PROJECT DEVELOPING A NATIONAL RISK ASSESSMENT METHODOLOGY IN CRISIS MANAGEMENT .... 99 CHAPTER 10 Urszula Wąsikiewicz-Rusnak THE ROLE OF TQM CONCEPTS IN THE LOGISTICS MANAGEMENT OF MODERN ENTERPRISE . 107 CHAPTER 11 Jolanta Walas-Trębacz INSTRUMENTS USED IN DESIGNING SYSTEMS OF RISK MANAGEMENT IN AN ENTERPRISE ...119 PART III INSTRUMENTS OF MANAGEMENT IN CONTEMPORARY ENTERPRISE CHAPTER 12 Marcin Lis MANAGEMENT OF INNOVATIVE PROJECTS AS PART OF THE MODEL OF A NETWORK COMPANY FUNCTIONING IN THE ERA OF GLOBALISATION .......................................... 131 CHAPTER 13 Kamil Czajka, Marek Dudek EVALUATION OF THE STRUCTURAL VARIANTS IN NETWORK MANUFACTURING SYSTEM ... 147 Pobrano z http://repo.pw.edu.pl / Downloaded from Repository of Warsaw University of Technology 2021-10-09 Table of contents 7 CHAPTER 14 Piotr Niedzielski, Wojciech Downar THE USE OF THE LOGICAL FRAMEWORK IN PROJECT MANAGEMENT ON THE EXAMPLE OF THE CONSTRUCTION OF THE AHLBECK GRANICA PAŃSTWA – ŚWINOUJŚCIE CENTRUM (AHLBECK STATE BORDER - SWINOUJSCIE CENTER) RAILWAY LINE. 155 CHAPTER 15 Janusz Nesterak, Waldemar Paluch UTILIZATION OF EOQ MODEL IN INVENTORY MANAGEMENT IN A SUPPLY CHAIN ACCORDING TO THE EXPERIENCE OF THE BAHLSEN COMPANY ....................................... 163 CHAPTER 16 Agata Sierpińska-Sawicz CONTROLLER’S PROFILE AND RESPONSIBILITIES IN THE COMPANY ....................... 175 CHAPTER 17 Giovanna Centorrino TOWARDS THE FINAL VERSION OF REVENUE RECOGNITION. THE JOINT STANDARD FROM IASB AND FASB .................................................................. 187 PART IV SELECTED ASPECTS OF EFFECTIVENESS OF THE POLISH CAPITAL MARKET CHAPTER 18 Edyta Mioduchowska-Jaroszewicz RESPECT INDEX AS A TOOL FOR MEASURING A MODERN AIM OF A BUSINESS ACTIVITY .... 199 CHAPTER 19 Artur Sajnóg CHANGES IN THE SIZE AND STRUCTURE OF EQUITY AS A RESULT OF THE SHARE CAPITAL INCREASE OF LISTED COMPANIES ...................................................... 209 CHAPTER 20 Jerzy Gajdka, Piotr Pietraszewski CORPORATE EARNINGS AND STOCK RETURNS: EVIDENCE FROM THE WARSAW STOCK EXCHANGE. 223 CHAPTER 21 Tomasz Sosnowski THE INFLUENCE OF THE COMPANY’S FINANCIAL STANDING ON THE FORM OF THE INITIAL PUBLIC OFFERING ..................................................................... 231 Pobrano z http://repo.pw.edu.pl / Downloaded from Repository of Warsaw University of Technology 2021-10-09 8 Table of contents CHAPTER 22 Aleksandra Pieloch-Babiarz NEOCLASSICAL AND BEHAVIORAL DETERMINANTS OF DIVIDEND PAYOUT POLICY ........ 241 CHAPTER 23 Michał Comporek DIVIDEND BENEFITS VERSUS STRATEGIES OF CURRENT ASSETS MANAGEMENT IMPLEMENTED BY INDUSTRIAL COMPANIES LISTED ON THE WARSAW STOCK EXCHANGE .. 255 Pobrano z http://repo.pw.edu.pl / Downloaded from Repository of Warsaw University of Technology 2021-10-09 INTRODUCTION Contemporary enterprises are undergoing constant evolution, adjusting the objectives, functions and tasks, as well as the methods of the organisation of work and management to changing conditions of conducting business activity. The sources of the evolution and the change in their behaviours must be searched for in less and less transparent but dynamically changing environment which, on the one hand, creates new opportunities for the functioning and development of enterprises, and, on the other hand, poses new requirements and challenges to them. What determines the effects and future developmental opportunities of business entities and institutions is the speed and the rightness of the identification of changes undergoing in the environment, an adequate analysis and assessment, as well as flexibility and readiness to reorient the activities of enterprises towards the proper organisation of the existing and new structures in relation to the market and crisis situations, perceiving customers and competitors as intrinsic elements of their activity, producing a capability of overcoming the resistance of the environment and creating own strategic potential. Therefore, the key element influencing the quality of this potential is the environment in which enterprises function - in relationship with other entities, in a specific region and in conjunction with the state. The environment influences the elements which constitute it, creates chances and opportunities, requirements and constraints, but also entities of this environment have impact on it, link it to them and define its character. In this way, it becomes more and more complex and volatile, and imposes an implicit need for the evolution of its elements. In consequence, it leads to constant extension of the scope of connections between enterprises and the environment. The scope of these connections concerns not only the technical and economic sphere but it spreads onto the sphere of social, political and cultural problems. Thus, the environment of enterprises makes business entities stay in constant tension and readiness to react to the effects of turbulent changes. The sensitisation of enterprises to these changes may vary a lot and be very complex. It mainly depends on the force of changes, the position of the enterprise on the market and the implemented strategy based on the vision of the future which explains the sense of changes and sets the direction for the activities. As a result, entities functioning in the contemporary economy, regardless of the size or industry in which they oper- ate, the forms of ownership or the way in which they are organised, undertake various ventures as a way of flexible adaptation to market conditions, operating competition and an increase in the effectiveness of operations. In this context, market competition, known since the beginning of the functioning of the market and conducting business activity, has now considerably changed its nature. Today, building competitiveness on the global market implies an inevitable necessity to conquer new and new markets and constantly raise the effectiveness of operations. The survival and development of enterprises in Pobrano z http://repo.pw.edu.pl / Downloaded from Repository of Warsaw University of Technology 2021-10-09 10 Introduction such conditions require not only to understand the principles of entrepreneurship and the functioning of international business, but also to search for new tools of building competitiveness. It bears the need to properly diagnose the determinants of competitiveness, indicate paths of their development, and adjust management systems to the changing management conditions. The consequence may be the statement that contemporary enterprises are under a very strong pressure of changes, the source of which is both the growing complexity and volatility of their macro- and micro-environment and the increasing competition on the market, and following it need for the growth of the effectiveness of management. In economic studies enterprise effectiveness has become not only a basic ordering notion serving the analysis of the assessment of the past, but also an ordering idea in setting new directions