• IJIEM

Granting Loans to Legal Entities as the Bank's Business Process (pp. 69-76)

Romana Petrovic, Milivoje Davidovic
Granting loans to legal entities poses a challenge to the management in commercial banks. Regardless of intensive development of financial market, granting loans (either to corporate or retail sector) is the most lucrative banking business, in terms of the revenue generated. Granting loans to business entities is multidimensional task. On one hand, banks are trying to build as sizeable credit portfolio as possible with the aim of achieving satisfactory profit performances and on the other, in the loan approval process, it is very important to correctly assess credit-worthiness and monitor the approved loans for the purpose of adequate risk management. Hence, within the realm of loan granting, there is a specific „conflict“ between traditional banking principles of liquidity, security and profitability of the placement. The analysis presented in the paper is focused on the loan approval process to business entities. The first part of the paper addresses the loan-approval technology itself from the point of submitting a loan application to the point of issuing the loan. The second part of the paper focuses on the loan assessment procedure, that is, methods and techniques of assessing credit-worthiness of potential debtors. The last part deals with the research results and conclusion.

Штампа Ел. пошта

Process of Applying Modified Space Model for Defining Company's Strategy (pp. 61-68)

Jelena Borocki
Today, in innovative economy, in times of blurring boundaries between industries and organizations, companies are facing the new situation: they have to take decisions quickly, despite their importance and despite the incomplete information. Company’s future and its success depends heavily on its strategy which could be defined through different models of strategic planning. Most of the models used for better decision making, better creating strategic plans, give a company a possibility to define a path how to reach its future, determine external and/or internal environment, etc. Modified SPACE model, as a model of strategic planning, is presented in this paper. It is useful in a situation when company want to select key factors for defining its future development and to asses is a proposed change of strategic posture is possible or not. Model is applicable for different type of companies, different size and ownership.

Штампа Ел. пошта

Importance of Vulnerability in Disaster Risk Management (pp. 51-60)

Djordje Cosic, Srdjan Popov, Dusan Sakulski, Ana Pavlovic, Dunja Palic
Climate changes today result ever more frequently in large scale catastrophic events, such as floods, fires, tropical cyclones, hurricanes. They greatly endanger individuals, businesses and society as a whole. Countries, regions, local governments, and the insurance sector, have large problems resolving the consequences of such events. The likelihood of these events is difficult to influence. Nevertheless, the largest contribution to risk reduction can be achieved by reducing vulnerability in any of its four forms: infrastructural, environmental, economic and social vulnerability. This paper analyses different aspects and indicators for assessing vulnerability. The main aim in this paper is to show the importance of vulnerability assessment in disaster risk management. The main result of this research is vulnerability assessment method, methods like this one should contribute to shift from passive disaster-related defense to proactive disaster risk management, as well as from emergency management only, to disaster prevention, preparedness and mitigation activities.

Штампа Ел. пошта

Using Patent Statistics and Principal Component Analysis to Predict Global Competition (pp. 45-50)

Francois A. Ravalison, Narisoa Rabenja
Globalization and acute competition require continuously searching new approach in identifying ways for better economic growth. The purpose of this paper is to identify a process to predict global competition. The data are collected from the Malagasy Intellectual Property Office. Frequencies of foreign patents, registered at that Office, from 1994 to 2009 have been collected. Then, data mining is conducted to bring out an idea. Findings reveal that Competition indicators based on patent statistics are confirmed as appropriate measure of competition. Then Principal Component Analysis (PCA), applied on Competition indicators, permits to predict sector of global competition in a country level. This paper serves as a valuable analytical framework for the management of patent data for continuous innovation for economic growth.

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Fingerprint Biometric for Identity management (pp. 39-44)

Nadarajah Manivannan, Celalettin Tigli, Azad Noor, Shahzad Memon
In this paper a study of fingerprint biometric for Identity management is presented. Basic stages of automatic fingerprint systems are explained and a comparison study among three commercially available automatic fingerprint recognition systems is also presented. This study suggests that automatic fingerprint recognition systems performs reliably well as far as recognition is concerned, however there is a number of areas, such as liveness detection and unsupervised recognition, need to be tackled for high security applications, such as border control and anti-terror activities.

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