International Journal of Entrepreneurial Knowledge 2022-06-30T09:08:49+02:00 doc. Ing. Aleksandr Ključnikov, Ph.D. Open Journal Systems <div id="lipsum" style="text-align: justify;"> <div><span style="line-height: 1.3em;">An independent scientific periodical peer-reviewed journal <strong>International Journal of Entrepreneurial Knowledge (IJEK)</strong> provides expert information on all aspects of entrepreneurship and business issues, including the results of basic and applied economic research by domestic and international authors. </span></div> <div> </div> <div><span style="line-height: 1.3em;">International Journal of Entrepreneurial Knowledge is </span>published by the Center for International Scientific Research of VŠO and VŠPP in cooperation with the following partners: <ul> <li class="show">University College of Business in Prague, Czech Republic</li> <li class="show">University of Entrepreneurship and Law, Prague, Czech Republic</li> <li class="show">Faculty of Operation and Economics of Transport and Communications, University of Zilina, Slovakia</li> <li class="show">Szent István University, Faculty of Economics and Social Sciences, Hungary</li> <li class="show">University of Debrecen Faculty of Economics and Business, Hungary</li> </ul> </div> <div>Journal brings the expert opinions and results of the scientific studies related to entrepreneurship in a wide range of the scientific fields, like <span style="line-height: 1.3em;">entrepreneurship, </span><span style="line-height: 1.3em;">enterprise economics, </span><span style="line-height: 1.3em;">business administration, </span><span style="line-height: 1.3em;">innovation management in entrepreneurship, </span><span style="line-height: 1.3em;">entrepreneurial finance, </span><span style="line-height: 1.3em;">international trade and finance, </span><span style="line-height: 1.3em;">knowledge entrepreneurship, entrepreneurial knowledge, entrepreneurial business models, entrepreneurial behavior, entrepreneurial decision making, social and ecological impact of entrepreneurship, start-ups and incubation, success and failure in entrepreneurship, personality, local, regional and global aspects of entrepreneurship, evolution, and history of entrepreneurship, personalities and profiles of entrepreneurs, and other entrepreneurial issues.</span></div> <div> </div> <div> <div> <div>IJEK considers the following types of articles:</div> <div> <ul> <li class="show"><strong>Research</strong> - reports of data from original research. Articles bring information about the outputs of the primary research of the author.</li> <li class="show"><strong>Case studies</strong>– article presents the experience from the application of the existing method or procedure and brings relevant findings which could be valuable for other readers.</li> <li class="show"><strong>Review articles</strong> – article presents the systematic review or comparative study of already known knowledge. A review should bring any new viewpoint and connections which could be valuable for the other readers.</li> </ul> </div> </div> <div>In some cases, we accept the papers, that inform about the progress of the scientific projects, financed by the European Union in the Other issues section.</div> <div> </div> </div> <div>The first issue of the journal was published in December 2013. The journal is published two times a year in printed and electronic form. </div> <div> </div> <div><strong style="line-height: 1.3em;">International Journal of Entrepreneurial Knowledge</strong><strong style="line-height: 1.3em;"> (IJEK)</strong><span style="line-height: 1.3em;"> </span><span style="line-height: 1.3em;">maintains a standard double-blind peer-review process. The double-blind process means that the author does not know the reviewer’s identity, nor does the reviewer know the name of the author or other reviewers.</span></div> <div> </div> <div> <div>IJEK is an Open Access journal and does not charge readers or their institutions for access. </div> <div> </div> <div> <p><strong>Copyright</strong></p> <ul> <li class="show">International Journal of Entrepreneurial Knowledge is published by the Center for International Scientific Research of VŠO and VŠPP</li> <li class="show">Copyright belongs to the Center for International Scientific Research of VŠO and VŠPP.</li> <li class="show">The publisher, Center for International Scientific Research of VŠO and VŠPP, provides free access policy to the Journal of Tourism and Services.</li> <li class="show">International</li> <li class="show">Journal of Entrepreneurial Knowledge is an open-access journal with <a style="background-color: #ffffff;" href="" rel="license">Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License</a> (CC BY-NC-ND) policy which means that all content is freely available without charge to the user or his/her institution. Users are allowed to read, download, copy, distribute, print, search, or link to the full texts of the articles, or use them for any other lawful purpose, without asking prior permission from the publisher or the author. This is in accordance with the BOAI definition of open access.</li> </ul> </div> </div> <div><span style="font-size: 0.875rem;">International Journal of Entrepreneurial Knowledge uses </span><strong style="font-size: 0.875rem;">Digital Object Identifier System (DOI).</strong></div> </div> THE EFFECT OF QUALITY DIMENSIONS OF INFORMATION SYSTEMS ON KNOWLEDGE SHARING AND USER SATISFACTION 2022-02-14T08:33:34+01:00 Zahid Zamir DaeRyong Kim <p>As society enters the knowledge-based economy, effective knowledge management is essential for organizations to stay competitive. Sharing knowledge using efficient information systems can contribute to the growth and development of an organization. This study explores the effect of three quality dimensions of information systems:system quality, information quality and service quality delineated by DeLone and McLean (2003) on socialization and exchange subprocesses of knowledge sharing and user satisfaction. 300 Questionnaires were distributed among employees from different management levels in various financial institutions in Bangladesh, and 254 of them have been returned. The partial least squares (PLS) approach using Smart PLS has been used to test the measurement and the structural models. The results of this study indicate that not all the quality dimensions can significantly impact the socialization and exchange sub-processes of knowledge sharing. However, it does suggest that for an organization to have informed and knowledgeable employees, it must focus on quality dimensions that can eventually help improve user satisfaction. While system quality impacts both the socialization and exchange of knowledge significantly, service quality impacts only the exchange of knowledge significantly. This study also finds that the exchange of knowledge rather than the socialization of knowledge significantly affects user satisfaction. The findings of this research illustrate that for the banking industry in Bangladesh, quality dimensions (especially system quality and service quality) play an essential role in knowledge sharing among employees and thereby help improve employee satisfaction. This research contributes further to understanding knowledge sharing and its implementation in an organization.</p> 2022-06-30T00:00:00+02:00 Copyright (c) 2022 International Journal of Entrepreneurial Knowledge SIX-SIGMA GUIDELINES TO IMPROVE INVENTORY MANAGEMENT IN A BOTTLING COMPANY 2022-04-28T14:16:38+02:00 Santiago-Omar Caballero-Morales Gladys Bonilla-Enriquez <p>Warehousing allows timely distribution of goods between suppliers, manufacturers, retailers, and end customers. Thus, its optimal performance is crucial for the global supply chain. While there are methodologies to accomplish its optimal performance, few practical cases are reported in the specialized literature. This work describes the implementation of Six-Sigma to improve the warehousing operations associated to inventory management in an international bottling company in Mexico. This was performed through the DMAIC methodology with the following qualitative and quantitative tools: 5WH1, Root Cause Analysis, Ishikawa Diagram, SIPOC, and the 5 Why’s. After a three-month implementation plan, the improved inventory policies reduced stockout/overstock risks, order rejection rates, warehouse saturation, loading/unloading maneuvers, unsuitable storing practices, and increased distribution fleet utilization. These improvements implicated expected annual savings of approximately $4.0M, which can be increased if other processes beyond warehousing such as route and location planning are considered. The implementation details contribute to the limited case studies literature that can support the application to solve warehousing problems in other industries.</p> 2022-06-30T00:00:00+02:00 Copyright (c) 2022 International Journal of Entrepreneurial Knowledge THE IMPACT OF THE PANDEMIC ON ATTITUDE TOWARDS INNOVATION AMONG SMES IN THE CZECH REPUBLIC AND POLAND 2021-05-04T09:40:35+02:00 Yana Kliuchnikava <p>The article's primary purpose is to determine the attitude of Czech entrepreneurs towards innovation by comparing data obtained before and during the pandemic. Moreover, to compare the perception of the risks associated with the pandemic among Czech and Polish entrepreneurs. The use of innovation helps transform and modernize products, thereby affecting a firm's competitiveness in the market. At the same time, the introduction of new technologies allows the company to gain an advantage in creating new products that can allow it to expand its activities abroad and, thus, open up new markets. It can play an essential role in the company's development during a difficult market situation in its own country. This article examines trends in SMEs' drive to innovate in a pandemic. It also compares the results of entrepreneurs from the Czech Republic and Poland. The data obtained revealed that despite the overall negative impact of the pandemic on the activities of SMEs, it had a positive effect on the attitude of entrepreneurs towards the introduction of innovations. The willingness of Czech SMEs to innovate in the near future has increased by almost 23%. Also, during the pandemic, the expectations of entrepreneurs for help and decisive steps from the state increased. In this way, entrepreneurs preferred to rely on government assistance in financing the company than on banks, and the percentage of expectations for advantageous conditions from banks decreased by 19%. A comparison of data between Polish and Czech SMEs indicated differences in the perception of the main risk of a pandemic, where Czech entrepreneurs have fewer problems selling products or services (32% against 48%).</p> 2022-06-30T00:00:00+02:00 Copyright (c) 2022 International Journal of Entrepreneurial Knowledge ALL THAT GLITTERS IS NOT GOLD. EXPLORING VIRTUAL TEAM ADOPTION IN THE COVID-19 ERA 2022-01-12T13:33:17+01:00 Nicola Capolupo Rocco Palumbo Paola Adinolfi <p>The lockdown triggered by the Covid-19 pandemic forced organizations to cope with relevant economic costs. Alongside generating huge financial burdens, the pandemic fostered the adoption of new routines and technologies to dynamically respond to these threats by making use of all possible organizational resources to survive the crisis and its consequences on organizational processes. Adopting Virtual Teams (VTs), SMEs leverage digital technologies (DTs) to promote human resource capital and to enhance organizational resilience increasing their ability to overcome current challenges pivoting on human-machine binomial. The study adopts an in-depth qualitative approach. A combination of data and interviews of n.9 senior managers from three different SMEs operating in Campania, Southern Italy, was accomplished. Research findings offer various suggestions for a balanced implementation of VT innovation among SMEs. Firstly, it is still unclear whether the forced VT adoption in such a limited timeline has affected or not both VT performance and members personal sphere. Secondly, constructs emerged from this study can nourish the debate on VT, by querying the literature to confirm or disconfirm them for an empirical assessment. This contribution has emphasized the lack of studies on the impact of VTs in crisis contexts, and it configure itself as a checkpoint from which starting a future research agenda development.</p> 2022-06-30T00:00:00+02:00 Copyright (c) 2022 International Journal of Entrepreneurial Knowledge DEVELOPMENT OF INITIATED BANKRUPTCIES IN SLOVAKIA AND THE CZECH REPUBLIC 2021-11-14T16:35:25+01:00 Martin Bič <p>Nowadays, entrepreneurs can very easily find themselves in a bad financial situation. That is why it is essential to look for ways to help them effectively. However, this cannot be done without knowing the real situation in each country, which is the basis for creating the appropriate conditions. The study's main objective was to identify and compare the development of insolvency indicators representing the bankruptcy of entrepreneurs in Slovakia and the Czech Republic from the first quarter of 2017 to the second quarter of 2021. Descriptive analysis and primary research methods were used to achieve this objective. The analytical processing dealt with the indicator of initiated bankruptcies. A fluctuating decline was observed in both countries. In 2020, a slight increase was recorded, and a further increase can be expected due to the coronavirus disease 2019 (COVID-19) pandemic. 2018 and 2017 were the least positive years for Slovakia and the Czech Republic, respectively. The results indicated the need for interventions in the business environment of both countries to help entrepreneurs in bad situations.</p> 2022-06-30T00:00:00+02:00 Copyright (c) 2022 International Journal of Entrepreneurial Knowledge THE USE OF QUANTITATIVE METHODS IN BUSINESS PRACTICE: STUDY OF CZECH REPUBLIC 2022-05-20T08:18:04+02:00 Andrea Kolková Petr Rozehnal Filip Gaži Lukáš Fajmon <p>The purpose of the study is to evaluate the use of quantitative methods in companies and determine the reasons for the non-use of quantitative methods. First, the context of dependence on individual characteristics of the company, such as size, amount of foreign share, and business sector, is analysed. Subsequently, the methods companies use, and those for which companies require scientific support and research are identified. The study is carried out in companies in the Czech Republic and is based on an electronic survey. Methods of statistical testing of dependencies are used for evaluation. The inputs showed that the size of the company is the most dependent on the use of quantitative methods in companies. From the results of the question on the reasons for not using quantitative methods in business practice, the most significant number of respondents answered that the methods are too academic and often their use in business practice is unrealistic due to their complexity. It is the trend of academic institutions and scientific societies to develop quantitative evaluation software with simple input and interpretation. They identified the forecasting of business variables as the method with the greatest scientific potential. The following are simulation methods and logistics management methods. The article may provide a central theme for future science and research development in business.</p> 2022-06-30T00:00:00+02:00 Copyright (c) 2022 International Journal of Entrepreneurial Knowledge STRATEGIC PLANNING OF THE RECREATIONAL AND TOURISM INDUSTRY DEVELOPMENT: THE UKRAINIAN EVIDENCE 2022-05-19T13:18:44+02:00 Nestor Shpak Yuliya Bondarenko Włodzimierz Sroka Ihor Kulyniak Nataliia Tsymbalista Olha Prosovych <p>The purpose of the study is to analyse the impact of the investment component on the development of the Recreational and Tourist Industry (RTI), and to perform a comprehensive analysis in order to elaborate a strategic development plan for the sector. Using the matrix method of research and mathematical method of rating, the general strategic direction of development of the recreational and tourism sphere of each region of Ukraine was estimated and chosen. We have developed a matrix "Recreational potential – RTI investment support", which consists of six quadrants and characterizes the long-term attractiveness of the recreational and tourist sphere and its investment level in the market of recreation, entertainment, and sports. The level of income per capita and the level of investment in collective accommodation facilities were investigated. This allowed to determine: (1) which regions need investments for the development of the recreational and tourist sphere as one of the priority areas; (2) which regions already have a sufficient level of cash flow in the recreational sphere, and finally, (3) which regions need careful analysis with the following elaboration of an alternative direction for recreation development in these regions. Based on two indicators, i.e. investment level and recreational potential, a matrix consisting of 6 quadrants was constructed. All regions of Ukraine were classified in this matrix. The results of the study will have implications for the industry, allowing authorities of different levels to formulate a rational policy for the development of the tourism industry.</p> 2022-06-30T00:00:00+02:00 Copyright (c) 2022 International Journal of Entrepreneurial Knowledge ANALYSIS OF AUSTRIA'S ENTREPRENEURIAL ECOSYSTEM BASED ON THE GEI APPROACH 2022-05-15T10:18:56+02:00 Esther Wanjiru Wachira <p>This paper aims to provide a comprehensive analysis of the entrepreneurial ecosystem of Austria. The study used the Global Entrepreneurship Index (GEI) method and the Penalty for Bottleneck (PFB) to achieve this objective. The findings revealed a moderated entrepreneurial ecosystem with a GEI score of 65.2%. Again, the study found a strong correlation between Austria's GDP per capita and the GEI scores and a moderate score for all the three sub-indices entrepreneurial attitudes (65.5), entrepreneurial abilities (67.6), and entrepreneurial aspirations (62.4). Using the Penalty for Bottleneck (PFB) method, the study identified high growth and human capital as the bottleneck pillars. To shun the bottlenecks related to high growth, accessibility of finance, and formulation of sophisticated strategy at the institutional level are paramount, especially during this highly competitive technological era. Also, to alleviate the human capital bottleneck, the government should draw up policies that will help boost education at the tertiary level, especially at an individual level. Further empirical research can be conducted to compare the entrepreneurial ecosystem of EU countries. This study adds to the existing literature on entrepreneurship which is scanty. Additionally, this paper highlights the bottlenecks in Austria's Entrepreneurial Ecosystem and provides possible alternative policies that can enhance the entrepreneurial ecosystem if implemented.</p> 2022-06-30T00:00:00+02:00 Copyright (c) 2022 International Journal of Entrepreneurial Knowledge