The Use of Evolutionary Algorithms for Optimization in the Modern Entrepreneurial Economy: Interdisciplinary Perspective

Sieja, Marek; Wach, Krzysztof

doi:10.15678/eber.2019.070407

Cited by 28 publications

(23 citation statements)

References 29 publications

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“…The article only pinpoints the threads of the pandemic-induced recession, the virtualization of the economy and society, effective support policies, and the pandemic's impact on globalization. There is no doubt that what we direly require in the era of entrepreneurial economy (Sieja & Wach, 2019) is public support for entrepreneurial education (Nowiński et al, 2020;Wach & Bilan, 2021). Naturally, the limitation of the article is its speculative nature as it basically relies on the literature about the social, economic, and cultural effects of the pandemic's development.…”

Section: Discussionmentioning

confidence: 99%

“…However, the adoption of these solutions, even if they occur involuntarily, shows that their implementation allows for the development of a survival strategy and maintenance of competitive advantage despite disruptions caused by the pandemic. Thus, the digitization of small business operations seems inevitable (Akpan et al, 2020;Kuc-Czarnecka, 2020;Novak, Masner, Vaněk, Šimek, & Hennyeyová, 2020;Sieja & Wach, 2019).…”

Section: Literature Reviewmentioning

confidence: 99%

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Consolidation strategies of small family firms in Poland during Covid-19 crisis

Marjański¹,

Sułkowski²

2021

EBER

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The objective of the article is to contribute to research into family businesses by understanding how small family businesses are responding and adapting to the Covid-19 crisis. Research Design & Methods:The research method is based on a comparative analysis of case studies. To investigate the impact of Covid-19 on small family businesses in Poland, we conducted exploratory studies in 12 entities, based on 29 partially structured interviews with managers of these companies. Findings: The sudden spread of the Covid-19 pandemic around the world took many lives and caused severe restrictions in social and private life, including the business sector. While almost every firm has been affected by the pandemic crisis, small businesses, dominated by family businesses, are particularly vulnerable to it. Our findings show that the Covid-19 crisis affects all companies and presents a completely new challenge that has so far had no precedent. Small family businesses are not prepared for the prolonged state of uncertainty and tension threatening the continuity of their operations, which particularly endangers financial stability and employee maintenance. In responding to the crisis, small family firms cannot refer to previous experience or developed methods and patterns of operation. Implications & Recommendations: Small family businesses must quickly adapt their operations to changing conditions, regardless of their size and industry in which they operate. Covid-19 in small family businesses causes changes in their approach to running the business and family life. Contribution & Value Added: According to our knowledge, this is the first empirical study in Poland on the impact of Covid-19 on small family businesses. Article type:research article

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Section: Discussionmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Consolidation strategies of small family firms in Poland during Covid-19 crisis

Marjański¹,

Sułkowski²

2021

EBER

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“…It is obvious there will be a need to investigate the impact of Covid-19 on the Europeanization of the EU energy policy and obtaining its current targets. It is also interesting to investigate how the common energy policy will impact the competitiveness of the EU [81], especially under the conditions of the modern entrepreneurial economy [82].…”

Section: Suggestions For Further Studiesmentioning

confidence: 99%

Europeanization Processes of the EU Energy Policy in Visegrad Countries in the Years 2005–2018

et al. 2021

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Energy issues are sensitive for the four Visegrad countries as European Union (EU) member states; thus, this area’s convergence might be problematic for these countries. There is a clear research gap concerning the processes of Europeanization of the energy policy in the Visegrad countries. This article aims to identify and evaluate the progress of four Visegrad countries (V4) in implementing the EU energy goals in the context of the Europeanization. The article uses three main methods: Hellwig’s method, Kendall’s rank concordance coefficient, and k-means clustering. These calculations will allow one to study the Europeanization processes, which means checking the gamma convergence. For calculations, we use the available statistical data from Eurostat for the years 2005–2018. Poland and other Central European countries, including Czechia, and Hungary, largely depend on coal for their energy needs. The empirical results have shown that there have been no significant changes in the classification of EU countries in terms of their fulfillment of the EU climate and energy targets in the analyzed period. This is the case in all EU member states, including the Visegrad Group countries, but except for Poland. This means that the level of Europeanization of the energy policy and its effectiveness is similar in all member states except for Poland, which is becoming a kind of the exception. Throughout the investigating period, the Czech Republic, Hungary, and Slovakia were close to meeting the set targets and could be rated high compared to the EU countries. Poland, especially since 2015, has been noticeably and increasingly distanced from the other V4 countries. It can be perceived as a gradual drift away from Europeanization of the EU climate and energy policy in Poland.

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“…Their currently unfolding implementation -which involves the convergence of physical, digital, and biological spheres -is referred to as the Fourth Industrial Revolution (4IR). Its core instruments comprise the Internet of Things (IoT), artificial intelligence (AI), cyber-physical devices, 3D printing, blockchain, big data, cloud computing, nanomaterials, and synthetic biology (Sieja & Wach, 2019). Some of them have already been put into practice, others remain in statu nascendi, while still others are being projected.…”

Section: Introductionmentioning

confidence: 99%

The impact of industrial revolution 4.0 on international trade

Rymarczyk¹

2021

EBER

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The objective of the article is to examine the impact of breakthrough innovations, which make up the Fourth Industrial Revolution (4IR), on the volume and structure of international trade. Research Design & Methods: The article is based on available literature and online sources. It is based on literature research, reports produced by a variety of research institutions, Internet sources, and desk research. Findings: The application of core innovations of the 4IR will lead to substantial changes to the volume and structure of international trade. There will be a considerable shift towards services, while in terms of products, the goods which will gain in importance owing to digitalization will include primarily those whose costs have so far been high in transport, logistics, information, regulation, and transaction. Implications & Recommendations:The implementation of 4IR's devices will change trade conditions substantially. First-movers will benefit the most, in line with the rule 'the winner takes it all.' Developed countries will enjoy the best competitive chances, given their advantage in terms of capital and technology. However, with falling trading costs and declining requirements in the trade's material infrastructure, small and medium-sized enterprises from developing countries will be able to increase their world trade share. Contribution & Value Added: The article offers a comprehensive assessment of the potential impact of Industry 4.0 devices on international trade while identifying their quantitative, structural, and comparative effects on countries and enterprises. It outlines the barriers to the changes projected and to the needs that these changes necessitate.

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The Use of Evolutionary Algorithms for Optimization in the Modern Entrepreneurial Economy: Interdisciplinary Perspective

Cited by 28 publications

References 29 publications

Consolidation strategies of small family firms in Poland during Covid-19 crisis

Consolidation strategies of small family firms in Poland during Covid-19 crisis

Europeanization Processes of the EU Energy Policy in Visegrad Countries in the Years 2005–2018

The impact of industrial revolution 4.0 on international trade

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