7th Annual International Scientific Conference

Business and Uncertainty: Challenges for Emerging Markets24 – 25 April 2014Riga, Latvia

In cooperation with

International Scientific Commitee

Local Organising Commitee

Dr. I. Sennikova, RISEBADr. T. Vasiljeva, RISEBADr. M. Zakrizevska, RISEBADr. A. Cirjevskis, RISEBAM. Brice, RISEBA S. Buciniece, RISEBAR. Budrikis, RISEBAP. Naidenko, RISEBADr. S. Hilkevics, VeA Ventspils University College, Latvia

Dr. K. Balaton, Corvinus University of Budapest, HungaryDr. E. Doran, University of Salford, United KingdomDr. O. Gjolberg, University of Life Sciences, NorwayDr. J. Hassid, University of Piraeus, GreeceDr. V. Kozlinskis, Riga International School of Economics

and Business Administration (RISEBA), LatviaDr. V. Kundrotas, Baltic Management Development

Association, LithuaniaDr. T. Mets, University of Tartu, EstoniaDr. D. Pavelková, Tomas Bata University in Zlin,

Czech RepublicDr. A. Sarnovics, BA School of Business and Finance, LatviaDr. A. Sauka, Stockholm School of Economics in Riga,

LatviaDr. I. Sennikova, Riga International School of Economics

and Business Administration (RISEBA), LatviaDr. I. Strelets, Moscow State Institute of International

Relations, RussiaDr. T. Volkova, BA School of Business and Finance, LatviaDr. J. Vucans, Ventspils University College, Latvia

In cooperation with

Track 1:

Financial Tools, Techniques, Business Performance Prof. Ieva Brence (RISEBA), Prof. Dzintra Atstaja (BA)

Track 2:

Social Entrepreneurship and Current Trends in Contemporary Business Assist. Prof. Tatjana Mavrenko (BA), Prof. Valdis Avotins (VeA)

Track 3:

Management Solutions for Sustainable Developmentin condition of growing uncertainty Prof. Andrejs Cirjevskis (RISEBA), Prof. Karlis Kreslins (VeA)

Track 4:

Entrepreneurship, Business Startups, Innovation for Sustainable business Prof. Juris Roberts Kalnins (VeA), Prof. Gundega Lapina (RISEBA), Prof. Andrejs Limanskis (RISEBA)

Track 5:

Social Responsibility and Solutions from Psychology to Tackle Business Uncertainty Prof. Maija Zakrizevska (RISEBA), Prof. Solveiga Blumberga (RISEBA)

7th Annual International scientific conference

Business and Uncertainty: Challenges for Emerging Markets24 – 25 April 2014, Riga, Latvia

7th Annual International Scientific Conference

Business and Uncertainty: Challenges for Emerging Markets

Conference Programme

Wednesday23 April 2014 – 3, Meza St., Room 2415:30 – 18:00 Seminar for Doctoral students, Post-Doctoral, Supervisors

Prof. Soumodip Sarkar (Department of Management, University of Evora, Portugal)Literature Review, State of the Art – more than one way to skin a cat! a) A quick overview of entrepreneurship research history, b) Literature review – state of the art – Four cases

18:00- 19:00 Coffee break and networking

Thursday 24 April 2014 – 6, Udens St. 9:00- 10:00 Registration and Coffee

10:00 – 10:30 Welcome Address Prof., Dr. habil. Talavs Jundzis, Vice-President of the Latvian Academy of Sciences Andris Ozols, Director of Investment and Development Agency of LatviaProf., Dr. oec. Irina Sennikova, RISEBA Rector

10:30 – 11:20 Plenary I. Can we really manage the uncertain future?Keynote Speaker Dr. Pero Micic (FutureManagementGroup AG, Chairman of the Board)

• The future does not exist, so how can we manage it?• The great dilemma in dealing with the future• The five futures glasses for leaders• How can we overcome our fatal short-sightedness?

11:20 – 13:20 Round Table I. Opportunities and risks for business in the context of changing political framework • Political framework as opportunities and risks for business • What kind of political framework business needs

Participants:

Dr. Pero Micic (FutureManagementGroup AG, Chairman of the Board) Daniels Pavluts (Strategic management and public affairs consultant, trainer)Viesturs Tamuzs (EKO Investors, Chairman of the Board), Andris Strazds (Bank of Latvia, International Relations and Communications Department)

Session Moderator – Daniels Pavluts13:30 – 14:30 Lunch

14:40 – 15:40 Parallel sessions

15:40 - 16:00 Coffee

16:00 – 18:00 Parallel sessions

18:00 – 20:00 Welcome Reception and Buffet Dinner (6, Udens St.)

Conference Programme

7th Annual International Scientific Conference

Business and Uncertainty: Challenges for Emerging Markets

Friday 25 April 2014 – 3, Meza St.9:30 – 10:00 Coffee10:00 – 11:30 Parallel sessions 11:30 – 12:10 Plenary II.

Corporate social responsibility in uncertain environmentKeynote Speaker Prof. Soumodip Sarkar (Department of Management, University of Evora, Portugal)

12:10 – 13:00 Round Table II. Creating sustainable future and corporate social responsibility • Role of business for creating sustainable future• Role of business in uncertain environment Participants: Prof. Soumodip Sarkar Ansis Grasmanis (Chief Financial Officer of Swedbank) Agnese Strazda (Head of Corporate Communication of SEB banka)PhD candidate Iveta Cirule (Bioorganik, Chairperson)PhD candidate Julija Kuznecova (Social Entrepreneurship Development Foundation SUAF, Project Manager)Session Moderator – Dr. Aleksejs Nipers (RISEBA)

13:00 – 14:00 Lunch 14:00 – 15:30 Parallel sessions 15:30 – 16:00 Coffee16:00 – 17:30 Closing Plenary.

University – Industry -– Government Collaboration for Sustainable Business Development• Challenges of promoting collaboration between innovation players: university, industry, government• Triple helix advantages and benefits for innovation players• Innovative cooperation solutions for sustainable developmentParticipants: Inguna Sudraba, Movement No sirds Latvijai, Founder. Long-term Planning and Sustainability of Government’s Policies as a Prerequisite for Business Development Simon Kozlinskis (GETZ BROS & Co, Ltd, Board Member)Mikus Opelts (SkatSkat Founder) Prof. Valdis Avotins (Ventspils University College’s Engineering Research Institute Ventspils International Radio Astronomy Centre, Director) Prof. Irina Sennikova, RISEBA Rector Assist. Prof. Tatjana Mavrenko, BA Prof. Karlis Kreslins, VeA Session Moderators – Dr. Tatjana Bogushevica, Prof. Valdis Avotins

18:00 – 19:00 Closing Event (6, Udens St.) 19:00 – 20:30 “Sinfonietta Riga” String Quartet Concert

Saturday26 April 2014 10:00 – 12:30 Riga city walking Tour

7th Annual International Scientific Conference

Business and Uncertainty: Challenges for Emerging Markets

Keynote Speakers

Dr. Pero Micic

Prof. Soumodip Sarkar

Dr. Pero Micic is internationally recognized as one of the leading experts in future management in Europe. He is the developer of the Eltville Model of future management. He advises management teams and future experts of large corporations and Leading medium sized companies on the early recog-nition of future markets and on the results and methods of entrepreneurial futures research and accompany them in the practical implementation. With his experience in research and practice and impressive speaking skills Pero Micic is internationally in demand as a speaker.

Soumodip Sarkar is a professor at the Department of Management, University of Evora, Portugal, and researcher at CEFAGE-UE. He received his PhD in Eco-nomics from Northeastern University, Boston in 1995. He previously worked at the Harvard Institute for International Development (HIID) and later CID, Kenne-dy School, Harvard University.

Professor Sarkar is currently the Dean of Doctoral School (IIFA), of the University of Évora where he is also the coordinator of the Programme in Entrepreneurship and Innovation. His research interests are innovation, entrepreneurship and international business. He has published papers in many scientific journals and is in the editorial board of four international scientific journals. He is a project leader in many Portuguese and European projects and has been a consultant to the USAID and Nathan Associates. He holds copyrights to the integrated inno-vation model developed by him along with simulation software.

Prof., Dr.habil. Talavs JundzisVice – President of the Latvian Academy of Sciences

Iveta CirulePhD candidate, Chairperson of Biorganic

Simons KozlinskisBoard Member of GETZ BROS & Co, Ltd

Dr. Tatjana BogusevicaBusiness trainer, mentor, lecturer at Vidzeme University of Applied Sciences and Stradins University

Prof. Karlis KreslinsAcademic Pro-Rector of Ventspils University College

Assist. Prof. Tatjana MavrenkoAssistant Profesor at BA School of Business and Finance

Prof. Valdis AvotinsDirector of Ventspils University College’s Engineering Research Institute Ventspils International Radio Astronomy Centre

Ansis GrasmanisChief Financial Officer at Swedbank

Julija KuznecovaPhD candidate, Project Manager of Social Entrepreneurship Development Foundation SUAF

7th Annual International Scientific Conference

Business and Uncertainty: Challenges for Emerging Markets

Special Guests and Round Table Participants

Dr. Aleksejs NipersLeading Researcher at RISEBA

Prof. Irina SennikovaRISEBA Rector

Inguna SudrabaFounder of the Movement No sirds Latvijai

Andris OzolsDirector of Investment and Development Agency of Latvia

Daniels PavlutsStrategic management and public affairs consultant, trainer

Andris StrazdsAdviser at the International Relations and Communication Department of the Bank of Latvia

Mikus OpeltsFounder of SkatSkat

Agnese StrazdaHead of Corporate Communication of SEB Banka

Viesturs TamuzsChairman of the Board at EKO Investors

7th Annual International Scientific Conference

Business and Uncertainty: Challenges for Emerging Markets

7th Annual International Scientific Conference

Business and Uncertainty: Challenges for Emerging Markets

Participants

Authors Paper title Country Institution e-mail

Andreeva Alina Uncertainty of Financial Economics: Methods, Instruments and Regulatory Aspects

Russia Rostov State Transport University

alya_andreeva@mail.ru

Andreeva Larisa Macroeconomic Risks in the Conditions of Uncertainty as a Top-Priority Challenge of the Present Stage of Financial Globalization

Russia Southern Federal University Graduate School of Business Administration

andreevalarisa@mail.ru

Astromskis Paulius, Darskuvienė Valdone

Comparative Analysis of Payday Lending Regulation

Lithuania Vytautas Magnus University

paulius@astromskis.lt

Avotins Valdis, Sloka Biruta, Jarohnovich Natalja

Effect of Entrepreneurship Motivation Measures to Talent Retain: Theoretical Considerations in Conteht of Latvian Regional Development

Latvia Ventspils University College, University of Latvia

valdis.avotins@venta.lv

Babauska Santa, Osenieks Janis

The relationship between the management in intangible assets and the sustainable development of healthcare companies

Latvia BA School of Business and Finance

santa.babauska@gmail.com

Bahmane Ludmila, Lapkis Diana

A methodology for selection of an optimal marketing strategy to find an individual niche on the international market under conditions of business globalization

Latvia RISEBA ludmila.bahmane@ inbox.lv

Baltina Lienite, Silkane Vineta

Knowledge Brokers in Latvia Latvia Vidzeme University of Applied Sciences

vineta.silkane@va.lv

Beizitere Ilona The development of Approach to Start-up Assessment

Latvia RISEBA ilona_estere@inbox.lv

Bembenek Bogusław, Jankowska-Mihułowicz Marzena

Strategic decision-making in the cluster under conditions of risk and uncertainty

Poland Rzeszow University of Technology

bogdanb@prz.edu.pl

Bendoraitienė Evelina, Gaigalienė Astra

Analyses of CSR measurement criteria of social ratings system

Lithuania Vytautas Magnus University

E.Bendoraitiene@ evf.vdu.lt

Blumberga Solveiga, Biezmane Evita

Servient Leadership and Personnel Subjective / Psychological Well-being

Latvia RISEBA solveiga.blumberga@riseba.lv

Brence Ieva Part-time employment and Social Responsibility: will we become socially responsible by increasing part-time employment in Latvia?

Latvia RISEBA ieva.brence@riseba.lv

Bulatova Julija Shame as a leadership virtue: theoretical and practical grounds

Latvia RISEBA julija.bulatova@riseba.lv

Burakovs Georgijs, Naidenko Polina, Graurs Edgars

Enviromental sustainability development: case study of Riga export companies

Latvia RISEBA polina.naidenko@ riseba.lv

Busarovs Aleksejs Crowdsourcing’s success factors analysis: academy of ideas case

Latvia RISEBA aleksejs.busarovs@ gmail.com

Chepurko Gulbarshyn, Pryvalov Yuri

Functions of social capital in entrepreneurial activity

Ukraine Institute of Sociology of National Academy of Sciences of Ukraine

csep@csep.kiev.ua

7th Annual International Scientific Conference

Business and Uncertainty: Challenges for Emerging Markets

Authors Paper title Country Institution e-mail

Cirjevskis Andrejs Valuing managerial flexibilty: an application of real option theory in a transition economy?

Latvia RISEBA andrejs.cirjevskis@ riseba.lv

Cirule Iveta Youth employability via business incubation in Latvia Latvia RISEBA iveta.cirule@riseba.lv

Cudecka–Purina Natalija

Regional decision-making based on economic assessment of waste management options

Latvia BA School of Business and Finance

natalija@vct.lv

Dalecka Snezana, Konovalova Natalija

Bank capital adequancy evaluation and measurement: Problems and solutions

Latvia RISEBA natalia.konovalova@riseba.lv

Deb Ray Corporate Social Responsibility in China & India Latvia RISEBA leehalonen@ gmail.com

Dumpe Maira, Kalnina Lidija

The Use of Social Media in Contemporary Business Education

Latvia BA School of Business and Finance

maira.dumpe@ba.lv

Dziurny Anna “The construction of economic security Polish model” elaborates on the model shots economic security of the state

Poland University of Stefana Wyszyńskiego

anna_dziurny@wp.pl

Fedotovs Aleksandrs

Latvia’s reindustrialization: international background and domestic projects

Latvia RISEBA alexandrfedotov@ yahoo.co.uk

Gaile Anita The theoretical review of self-employed status – forming, maintaining and completing it

Latvia RISEBA anita.gaile@gmail.com

Garanti Zanete, Zvirbule-Berzina Andra

Regional cluster identification in food manufacturing industry in Latvia

Latvia LLU zhanette@gmail.com

Grabovnicka Ksenija

The assistance in promotion of non-profit organization as a tool for demonstration social responsibility

Latvia RISEBA ksenija.grabovnicka@riseba.lv

Grasis Janis Comparision of solving State Default: cases of Iceland, Latvia and Cyprus

Latvia BA School of Business and Finance

janis.grasis@ba.lv

Hajduk-Stelmachowicz Marzena

Organizational eco-innovations – the development and functioning in Poland and in selected countries

Poland Politechnika Rzeszowska (Rzeszow University of Technology)

marzenah@prz.edu.pl

Hilkevics Sergejs, Hilkevica Galina

Investment portfolio optimization in real time Latvia Ventspils University College

sergejs.hilkevics@venta.lv

Holsteins Janis The next step in organization of public media of Latvia and communication with society

Latvia RISEBA janis.holsteins@riseba.lv

Jaunzems Andrejs Pretension strategy in the surviving game Latvia Ventspils University College

jaunzems@venta.lv

Kaliyeva Gulbakhyt, Tleuzhanova Manatzhan

Methods of determining maximum profit in forming production strategy firm

Kazakhstan Kazakh University of Economics

gulbakhyt_k@mail.ru

Kalnins Juris Roberts, Jarhnovich Natalja

Systems thinking, complexity and memes in the decision making under the uncertainties

Latvia Ventspils University College

simts@latnet.lv

Kovács Norbert, Páthy Ádám, Szabó Dániel, Tóth Péter

Risk Typology in Construction Industry. Samenesses and Differences in Theory and Practice

Hungary Széchenyi István University

ptoth@sze.hu

7th Annual International Scientific Conference

Business and Uncertainty: Challenges for Emerging Markets

Participants

Authors Paper title Country Institution e-mail

Kozlinskis Vulfs Growing instability of socio-economic system Latvia RISEBA vulfs.kozlinskis@ riseba.lv

Kreituss Ilmars, Neimane Diana

Concentration of quick loan lenders marketduring post crisis uncertainty period in Latvia

Latvia RISEBA ilmars.kreituss@ riseba.lv

Kreslins Karlis What does the Global Competitiveness Report 2013-2014 indicate about entrepreneurs in Latvia?

Latvia Ventspils University College

karlis.kreslins@venta.lv

Krysyuk Halina, Dziurny Tomasz

Maritime clusters as an example of the integration of maritime operators

Poland National Defence University

h.krysyuk@aon.edu.pl

Kukule Ieva Impact of a poor internal communication to the business performance in uncertain environment

Latvia RISEBA ieva.kukule@gmail.com

Kurovs Jevgenij Design a Business approach for heating and electricity company management in the aspect of social responsibility

Latvia RISEBA j.kurovs@googlemail.com

Lapina Gundega Enhancing University Faculty Skills for Teaching Open Innovation

Latvia RISEBA gundega.lapina@riseba.lv

Limanskis Andrejs Options on baltic stocks in uncertain post-crisis business enviroment

Latvia RISEBA andrejs.limanskis@ riseba.lv

Lobos Krzysztof, Szewczyk Miroslawa

Factors influencing the development and growth of micro and small firms led by students of managerial directions in Poland

Poland Wroclaw Higher School of Banking

krzysztof.lobos@ wsb.wroclaw.pl

Loshchinin Mykhailo, Sapelkin Yuri

Social capital and social responsibility in phenomenological models of labour and workforce (labour collective)

Ukraine Center of Social Expertise

fip@fip.org.ua

Ludviga Iveta Undertaking a Structured Literature Review with Social Network Analysis

Latvia RISEBA iveta.ludviga@riseba.lv

Mavlutova Inese, Zalitis Ugis, Mavlutov Bary, Mavlutova Anna

Evaluation of Enterprise Solvency in Lending Practice of Commercial Banks: Evidence from Latvia

Latvia BA School of Business and Finance

inese.mavlutova@ba.lv

Mavrenko Tatjana Development of Microfinance in Latvia Latvia BA School of Business and Finance

tatjana.mavrenko@ba.lv

Mikelsone Elina, Liela Elita

Virtual Idea Management Products: Use and Potentialities in Latvia

Latvia BA School of Business and Finance

elita.liela@ba.lv

Nasteckiene Vilma How to risk aware culture can improve performance efficiency?

Lithuania ISM University of Economics and management

013143@stud.ism.lt

Osenieks Janis, Babauska Santa

Design driven innovations: an instrument of dispersing glooming ambiguity

Latvia BA School of Business and Finance

joshenieks@gmail.com

Pancenko Erika, Kuznecova Julija, Ivanova Tatjana

Hybrid social enterprises: assessment of financial sustainability

Latvia RISEBA erika.pancenko@riseba.lv

Pavlovska Olga, Kuzmina-Merlino Irina

Performance management system for effencive decisions making in conditions of uncertainty

Germany RISEBA, TSI ellizabet@gmail.com

Petrov Anatoly, Petrov Andrey

Service design and capacity usage in trucking industry

Latvia RISEBA apetrov@mailbox.riga.lv

Piddubny Volodymyr, Pryvalov Yuri, Chepurko Gulbarshyn

Functions of social capital in entrepreneurial activity

Ukraine Institute of Sociology of National Academy of Sciences of Ukraine

csep@csep.kiev.ua

7th Annual International Scientific Conference

Business and Uncertainty: Challenges for Emerging Markets

Authors Paper title Country Institution e-mail

Razum Andrea, Tomasevic Lisanin Marija, Mucaji Jan

Efficient sales promotion techniques on the pharmaceutical market in Croatia

Croatia University of Zagreb mtomasevic@efzg.hrarazum@efzg.hr

Resele Liene Measuring the efficiency of National Innovation System. Case of Latvia

Latvia Ventspils University College

liene.resele@venta.lv

Roze Janis, Roze Jana

Manager’s sense of humour, emotional intelligence and subordinates perceived manager support and wiliness to involve

Latvia RISEBA janimrozem@ gmail.com

Rutitis Didzis, Batraga Anda

A system of the corporate identity management in health care industry

Latvia BA School of Business and Finance, University of Latvia

didzisr@gmail.com

Saarikoski Ville Building an Internet enabled education market Finland Laurea University of Applied Sciences

Ville.Saarikoski@ laurea.fi

Sander Tom, Phoey Lee The

A Method to Identify Research Gaps in the Literature for the Social Capital Theory for Social Network Sites under Consideration of the Employment Seeking Process

Germany, Sri Lanka

University of Latvia /Kofstein, Sunway University

tomsander@ hotmail.de

Sarkane Glorija, Sloka Biruta

Higher education establishment choice influencing factors

Latvia RISEBA, University of Latvia

glorija.sarkane@ riseba.lv

Sidorcuka Irina Net generation communication preferences Latvia RISEBA i.s.@riseba.lvSjolin Jan National culture as a factor behind the attitude

towards the EU in the different membership nations – perspectives from as well the aspect: to influence and to reduce uncertainty/risk

Latvia Baltic International Academy

j.p.sjolin@gmail.com

Skulme Ronalds, Plaude Valerijs

Online marketing tools usefulness on purchase decision process stage need recognition

Latvia University of Latvia ronalds.skulme@ gmail.com

Smagina Anzelika Artistic creativity as a source of sustainable competitive advantage

Latvia RISEBA anzelika.smagina@riseba.lv

Spulis Andris Innovative business models for "Last mile" delivery

Latvia BA School of Business and Finance

andris.spulis@spulisconsulting.com

Sreibere Sniedze Contractual penalty- encouragement to meet contractual obligations or profit source

Latvia BA School of Business and Finance

sniedze@vippharma.lv

Stadnika Karina International Brand Image Impact on Baltic Female Consumers in Beauty Industry

Latvia University of Latvia karina.adonjeva@ gmail.com

Stefenberga Dace, Hilkevics Sergejs

Regional Development and Innovation in Globalized World

Latvia Ventspils University College

daces@venta.lv

Steinbergs Kaspars

Years of Uncertainty in Audiovisual Industry in Latvia: 2009 – 2014

Latvia Alberta College steinbergs@live.com

Strautmanis Janis, Hermanis Janis

The consumer competence of young adults in Latvia: a study of students’ financial literacy

Latvia BA School of Business and Finance

janis.strautmanis@ba.lv

Tissen Maria, Sneidere Ruta

Due diligence as one of types of enterprise’s financial investigation

Latvia University of Latvia maria@katiss.lv

Viikmaa Karmen The nature of uncertainty in anticipating and coping with crises: a semiotic approach

Estonia University of Tartu karmen.viikmaa@ raad.tartu.ee

Vira Raina Employee Engagement: Tools for analysis, practice and competitive advantage

Latvia RISEBA raina.vira@riseba.lv

Zakrizevska Maija, Bracka Rasma

Occupational stress and professional deformation of higher education estabilishment lecturers

Latvia RISEBA maija.zakrizevska@ riseba.lv

Zarembo Julija, Konovalova Natalija

Liquidity risk evaluation and measurement in commercial banks

Latvia RISEBA natalia.konovalova@riseba.lv

Founded in 1992 as a traditional business school, today RISEBA University offers a variety of programmes in business, communications, advertising, audiovisual media arts and architecture.

The University has received full institutional accreditation from the Ministry of Education and Science of the Republic of Latvia and issue state recognised degrees.

RISEBA has been awarded International Quality Accreditation by Central and East European Management Development Association (CEEMAN).

We make sure that our graduates are able to work in international companies, are capable of operating within international business and professional environment, both, in Latvia and abroad, are sensitive and tolerant to cross-cultural differences and are active contributors of multinational teams.

Meza iela 3, Riga, Latvia, LV-1048Udens iela 6, Riga, Latvia, LV-1007Telephone +371 67500265riseba@riseba.lv

www.riseba.lv www.facebook.com/RISEBA.LVwww.twitter.com/RISEBA_LV

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