This research analyzed the motivating and demotivating factors amongst employees in a wood processing and furniture manufacturing company. Research was conducted over the year 2010, during the time ...of a full economic crisis and before the restructuring of the company was done. Analysis also was conducted in 2014, during the beginning of the economic recovery and after the restructuring of the company. Research was conducted with a survey using a questionnaire containing six questions with multiple choice statements. The questions were closed-ended, and respondents used the Likert four-level scale of importance for each statement. A total of 180 employees were surveyed, and results were statistically processed by using the χ2- test and cluster analysis. This study established that the motivation factors most important to employees in a company are significantly different during the time of an economic crisis, and in the period of economic recovery, i.e. before and after restructuring of the company. Employees were most concerned about physiological needs in the time of a crisis, whereas in the time of an economic recovery, employees consider social needs to be of more importance. Also, employees consider psychological circumstances of work to be more important in the year 2014 than in the year 2010. Employees’ overall motivation can be linked to higher efficiency and higher quality production and business results, and such research should be conducted more often.
This research analysed the motivating and demotivating factors amongst employees in two wood processing companies in Croatia. Research was conducted over the year 2014 and 2015, during the economic ...recovery of the companies and Croatian economy in general. Research was conducted with a survey using a questionnaire containing six questions with multiple choice statements. The questions were closed-ended, and respondents used the Likert four-level scale of importance for each statement. A total of 180 employees were surveyed, and results were statistically processed by using the χ2 - test and cluster analysis. This study established that the motivation factors most important to employees between researched companies are significantly different. Employees were most concerned about social needs. Also, employees consider psychological circumstances of work to be very important. Employees’ overall motivation can be linked to higher efficiency and higher quality production and business results, and such research should be conducted more often.
Motivating the employees is of key importance for providing their effi ciency and quality of work. This applies especially to employment in times of economic downturn, when the growth can be ...recognized of demotivational factors that have a negative infl uence on the motivation of employees. The aim of this research was to establish the current situation of motivation of the employees of Slovenian and Croatian wood-industry companies. It was established that the company managements pay most attention to assuring employees’ security and their mutual relations, which is without doubt of great importance in the period of increased insecurity of business and growing tension among people. Interest was also focused on differences between Slovenian and Croatian companies. It was established that there are some differences in classifi cation of different motivational factors according to their importance, but they are mostly not statistically significant.
Investment decision-makings should be regarded in each business entity as the crucial factor for its long-term prosperity. An acquired decision affects the performance of the company as well as its ...competitiveness in long time. If a competent investor has an interest to make a qualified investment decision, it means that he must primarily determine the time and risk factor. In the capital-intensive investment projects, attention must be paid to the risks that the preparation, realization and use of investment bring. The aim of this paper is to identify critical factors that affect the expected profit and cash flow in the implementation of investment projects by applying the most advanced models used to quantify the risks of investing. Research was conducted in a wood processing and furniture manufacturing company. The results given by cash flow indicatiors show that the investment project is feasible and effective. By changing some parameters, sensitivity analysis shows that the main risk factors for the project in question are the selling price, volume of production, material costs and labor costs.
The presence of foreign direct investment in certain sectors or country determines several factors - the determinants of foreign direct investment. The article analyzes the selected factors of FDI ...inflows to the Slovak Republic and to the wood-processing industry in SR; it focuses primarily on assessing the contemporary situation of the business environment in Slovakia and investment incentives provided to foreign investors. The article also presents the development of foreign direct investment in Slovakia, in the branch of wood processing, analyzing the effects of FDI in specific conditions of the Slovak Republic and wood-processing industry.
Quality is not only a technical category and the system of quality management is not only focused on product quality. Quality and costs are closely interlinked. The paper deals with the quality cost ...monitoring in small and medium wood-processing enterprises (SMEs) in Slovakia, and also presents the results of the questionnaire survey. An empirical study is aimed to determine the level of understanding and level of implementation of quality cost monitoring in wood-processing SMEs in Slovakia. The research is based on PAF model. A suitable model for quality cost monitoring is also proposed in the paper based on the research results with guidelines for using the methods of Activity Basic Costing. The empirical study is focused on SMEs, which make 99.8 % of all companies in the branch, and where the quality cost monitoring often works as a latent management subsystem. SMEs managers use indicators for monitoring the processe performance and production quality, but they usually do not develop a separate framework for measuring and evaluating quality costs.
Wood processing and furniture manufacturing is one of the key industrial sectors in South-East European countries. Based on its share in GDP, this industrial sector should be part of the national ...strategy plans. However, media coverage of wood processing and furniture manufacturing in Croatia, as well as in other South-East European countries, is far behind the promotion of other industrial sectors. This paper presents the current situation in promotional activities of wood sector in some South-East European countries media and it shows the differences between individual countries. Also, it presents some ideas on improving this situation according to media share of other highly profi led industrial sectors in some South-East European countries.
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