MBA Studies in the Czech Republic

Abstract

A survey of MBA study programs in the Czech Republic is presented in this study. The authors share some of their first-hand experience gained during their own teaching in one of the MBA programs. The conclusion presented at the end of the study summarizes their views of developing trends in MBA programs in the Czech Republic. At present, MBA programs are offered by seven teaching institutions in the Czech Republic, three of which provide MBA studies of the American type, four of the European (British) type, and one of the distance-learning type.     

捷克共和国投资环境分析

捷克是我国一带一路建设中的战略合作伙伴国,经济态势良好,投资政策宽松。中捷双边经贸合作近年来发展迅猛,进出口总额屡创新高。基于阐述捷克的基本国情,分别从自然资源、经济、政治、投资政策与法律、基础设施和人力资源六个方面分析捷克的投资环境,最后提出企业赴捷克投资应注意的问题,包括密切关注国内外政治形势和充分了解相关法律法规。     

Czech Republic,TOUCHING THE DREAMLAND

Briefly about the Czech Republic Since time immemorial, the Czech lands have been the crossroads of European cultures. The cultural character of Czech cities, villages and spa towns has always been a source of inspiration to visitors and guests, who come here from all comers of the world. The Czech Republic,the youngest in the family of European countries, was born in 1993 when the Czechoslovak Federal Republic split into two independent states.     

New rules for new world: Privatization of the Czech cement industry

The first major investment agreements to be completed between Czech companies and foreign industrial partners in 1992 involved the cement industry. While these transactions eventually proved successful, Williams discusses the difficulties in arranging and negotiating a deal in an institutional environment of constant change.     

Problems and environment of small businesses in the Czech Republic

The impressive and spontaneous build-up of the private small and medium-sized enterprises (SMEs) in the Czech Republic in 1990–93 coincided with the similarly dramatic changes in the public administration and in the whole environment for decision-making. The resulting problems of SMEs in the Czech Republic seem to be common to all economies in transition. A lot of the problems are caused by the macroeconomic policy for which this sector is not the most important part of the national economy. The paper shows some conflicts between macroeconomic anti-inflationary (monetary and fiscal) policies, and interests of small businesses. The authors stress the importance of SMEs during the period of transition. Informal aspects of the functioning of small firms are discussed, especially their relation with banks and public administration. The paper offers some empirical evidence and available statistics on SMEs developments during 1990–94 focusing particularly on manufacturing.     

Interactions between trade and environmental policies in the Czech Republic

The Czech Republic is obliged to implement pollution charges in accordance with the EU environmental policy. The charges may affect international competitiveness of the country, since they are applied to the domestically produced, but not to the imported commodities. We investigate how such environmental taxation of six main pollutants affects the Czech competitiveness. Using computable general equilibrium modeling with bottom-up approach, we consider a small-open economy with endogenous unemployment and ten types of taxes. A distinction between taxes on products and taxes on production is essential for analysis of a fiscal policy. Emissions reduction is possible in our model either through substitution with less polluting inputs, or a reduction of output, or through technical abatement. The last channel for emission reduction is ignored by other studies. The results show that the imports should not be affected by the tax reform, except for coal. Exports will increase in the non-energy-intensive and the biomass industries, but it will decrease in the chemical, the coal, and the metal industries. The overall effect on the trade balance is slightly negative. We conclude that investments in energy-saving technologies are necessary in order to preserve international competitiveness.     

State of corruption in transition: case of the Czech Republic

Corruption has a negative impact on society and economy. The transition process in Central and Eastern Europe (CEE) uncovered dormant possibilities for corruption and the necessity for appropriate steps to be taken. We document on the state of corruption in the Czech Republic and the measures introduced to fight it. We cover sectors of society and economy according to their importance of a consequential corruption hazard. We also described the government's program of anticorruption and its achievements and failures. The state of corruption in the country, measured by the Corruption Perception Index, presents a serious problem since the index does not improve as the transition process advances. Numerous comparative studies, however, suggest that corruption is a more prominent feature in a number of other transition countries. We believe that the substantial change of approach to the institutional framework is necessary in order to prevent and fight corruption successfully.     

Characteristics of food‐wasting consumers in the Czech Republic

This paper investigates food waste at the consumer stage of the food chain. The authors conducted a questionnaire survey with 259 respondents to identify the key characteristics of food‐wasting consumers and to suggest strategies to improve food‐wasting behaviour. The results of the survey confirmed that the rate at which food is wasted depends on the age, economic status and education of the person managing food in a household, on the household's income per person and on total household income. Younger people, students, economically active people and people from higher‐income households (both per household and per person) waste more, while pensioners waste much less than other groups. However, the sex of the food manager is not associated with food waste. These demographic characteristics should be considered when designing consumer education campaigns focussed on changing consumer motivation and behaviour. This paper also recommends other solutions tailored for specific demographic groups: Younger people and students may be influenced by the actions of opinion leaders within social networks, and technical devices enabling better food management could help them reduce waste. Supporting work‐life balance, broadening the network of food delivery services and implementing corporate initiatives that support food waste prevention could help economically active people reduce their food waste. Additionally, offers of ready‐to‐eat food should be expanded for people with higher incomes.     

Quality from Gzech Republic：Czech Machine Tools and Forming Machines at the CIMT Fair in Beijing This Year

The Czech Republic will be one of the countries that has manufacturers taking part in one of the most important engineering fairs in the world,the CIMT in Beijing. Their presence at the fair will have the nature of an official exhibition, being held under the auspices of the Czech Republic Ministry of Industry and Commerce. Ours will be one of the smaller exhibitions at the fair; however, the potential of the country from the heart of Europe should not be overlooked by any means.     

Credit Support for Export: Robust Evidence from the Czech Republic

The topic of this paper is quite a novel one – it is one of few empirical academic papers dealing with export credit. Moreover, it is the first analysis of this kind which focuses on transition economies. The paper deals with export credit promotion in the Czech Republic. The development and structure of Czech trade and export support is presented first, followed by an econometric analysis of the gravity model of Czech Republic trade. A panel of 160 countries in 1996–2008 is analysed and two gravity models of exports for the Czech Republic are estimated, the static model by fixed effects (LSDV estimator) and the dynamic model by System GMM. Due to ambiguous conclusions we assume that the behaviour of our explanatory variables is not uniform and our data set behaves as a mixture of countries with heterogeneous behaviour. This means that traditional techniques of estimation which include all observations into one model do not give significant results. Thus, we use robust techniques of estimation that solve the problem of heterogeneous patterns in data sets. Out of several possibilities we use the Least Trimmed Squares estimator (LTS) with a leverage point. We show that guarantees are a significant factor that influences positively the volume of exports in the Czech Republic. Moreover, there exist more variables that affect the size of exports in the Czech Republic. Market forces described by GDP, distance, political risk or gross fix capital formation are significant in our econometric model. We find that higher GDP, shorter distance or lower political risk have a positive impact on Czech exports.     

Window on Eastern Europe: Current Issues in Business Ethics in the Czech Republic

Our Associate Editor, who is head of the Center for Ethics in Economics and Business, CERGE-EI, in Prague, writes of a macabre case of brand copying as one illustration of the difficulties of achieving fair competition in the CR.     

Business Ethics in Central and Eastern Europe with Special Focus on the Czech Republic

This report characterizes the state of affairs in the field of business ethics in Central and Eastern Europe. It reveals the major problems and challenges brought about by the profound reforms to these societies and economies. It also offers some results of surveys looking at public opinion on morals and ethics, as well as on current business practices. In order to give a complex picture, it presents brief lessons from the history of particular countries.The author, devoting the most attention to the Czech Republic, tries to describe not only the development of business ethics in the theoretical arena but also the first steps taken by the business world itself.     

Consumer Preference for Status Symbolism of Clothing: The Case of the Czech Republic

During the past three decades, consumer demand for luxury goods has been growing on a global scale. The luxury and status market base has expanded beyond the traditional affluent consumer segment to include an increasingly heterogeneous group of consumers. Despite the substantial size, greater reach, and significant growth of the luxury goods market, status consumption has been treated as an atypical and peripheral subject in consumer research. The authors develop a conceptual model of psychological determinants of status seeking through consumption. The model considers the effects of three general traits (namely, status concern (SC), public self‐consciousness (PSC), and self‐esteem (SE)) and one consumption‐related consumer trait (namely, susceptibility to normative social influence (SNSI)) on preference for status meaning, which in turn influences consumer interest in the product. The conceptual model is tested with data from a survey of 1000+ respondents drawn from the Czech Republic, a country where the recent market liberalization has unleashed an inflow of luxury goods from marketers from the West. Face‐to‐face home‐based structured interviews were conducted by an international market research agency. The hypothesized causal relationships are all supported. The effects of SC, PSC, and SE on SNSI and preference for status meaning (PSM) are significant and in the expected direction. Additionally, SNSI is found to exert a significant positive influence on PSM, and these two constructs, in turn, have significant positive effects on consumer interest in clothing. The conceptual model and empirical evidence enhance the existing knowledge of the antecedents and outcomes of status consumption. The study advances a better understanding of the psychology of consumer adoption of status consumption; equally important, it also highlights the value of extending consumer theories from established to emerging market economies and back again from still‐evolving to long‐standing marketplaces.     

Women Entrepreneurs: A Comparison of International Small Business Owners in Poland and the Czech Republic

Women entrepreneurs from two Central European countries with relatively new market economies were interviewed for this research. The authors describe the experiences and motivation of these women international business owners and compare them to the literature on women entrepreneurs in North America. Cross-culturally, women entrepreneurs share many of the same motivations for starting a business, and experience similar challenges to making their enterprises successful. North American models of entrepreneurship are also examined. The findings suggest a universal model for entrepreneurship. Suggestions for government policies are put forward. Managerial and theoretical implications are also presented and new directions for research on women entrepreneurs are suggested.     

Czech Republic:A Typical and Flexible European Economy for Trade with China

During the early time of July,Martin Tlapa, Deputy Minister of Industry and Trade, Czech Republic visited China.     

Privatization in Africa

The state-owned enterprise has become synonymous with governance in Africa. However performance of these enterprises and national economies as a whole has been extremely disappointing. As African governments become more hard pressed to fund national budgets, privatization has gathered momentum as the solution to effect economic adjustment and mobilize sorely needed investment capital. Drum focuses on the privatization programs of Nigeria, Senegal and Togo in his attempt to determine what works and what does not.