There are two important aspects to take into account while analysing fiscal policy effects on economic growth. First, it should be made clear whether Keynesian short-run or classical long-run effects are the object of interest. Second, the relations between different fiscal and macroeconomic...

The research is based on the empirical survey conducted among the members of Estonian Association of SMEs. The study involved goal setting, development and implementation of strategies, competitive advantages striven for, orientation toward growth, and factors hindering enterprisesí...

Entrepreneurship has been declared the most significant driver in the future development of societal welfare. Businesses, organisations and the individual person should be motivated for ñ and develop competence in ñ perceiving new opportunities through reflective action and hence participate...

The concept of Institutional Leadership opens up some essential aspects of organizational leadership capability that could be defined as the collective ability of leadership to detect and cope with changes in the external environment by maintaining the primary goals of the organization. The aim...

One third of Estonian schools have been teaching business in one form or another since 1992, mostly using a Junior Achievement programme. Estonian universities have not had programmes for teachers of business or economics in comprehensive schools until now. How can we implement business teaching...

Business firms operate in a certain environment in which they interact with one another, with individuals, governmental organisations, financial institutions and various other interest groups. Operation of respective economic and social networks (both voluntary and private market determined) may...

In this article the HR (human resource) professionalisation process in Estonia is studied. Debates about the content, possibility and necessity of HR or personnel as a profession have a history of almost forty years and they are still ongoing. A wide scope of subjects and the temporal scale of...

This paper analyses research methods that could be applicable for studying the strategy process in organizations that are shifting in their strategic change process between the modes of exploration and exploitation by the means of structural modulation (Nickerson & Zenger 2002). As the...

The dynamic global business environment creates brand strategy challenges for companies, including those in fast-adjusting Central and Eastern European countries. Some of the main topics that businesses have to face are brand building, brand equity and brand valuation. The importance of brands...

The first commercial bank in Estonia, which was also the first commercial bank in the former Soviet Union, was established in Tartu in 1988. Unfortunately, because of bad loans, Tartu Commercial Bank went bankrupt and was liquidated in 1993. During the transition period after Estonia regained...