RISEBA held the conference ASBBMC 2019

From 21-23 February 2019 RISEBA University of Applied Sciences held the 12th Annual Scientific Baltic Business Management Conference (ASBBMC 2019) “Foreseeing Challenges and Opportunities for Organizations at the Macro and Micro Level” in cooperation with the BA School of Business and Finance and the Stockholm School of Economics in Riga.

On the 20-th of February Doctoral pre-conference “Hindsight, Insight and Foresight in Research Work. Successful Completion of a PhD Project” was led by Prof. Dr. E.Gimzauskiene from Kaunas University of Technology, School of Economics and Business, Lithuania.

On the 21-st of February three plenary sessions were held: Plenary session “Futures: Global and Latvian” by Prof. J.Sommers, two-time Fulbright Scholar and a Professor of Economics and Senior Fellow at the University of Wisconsin-Milwaukee’s Institute of World Affairs (USA); Plenary session “Future Signals as Transformative Forces: Alternative Futures of the Economy” by Dr. J.Kaskinen, the Director of the Finland Futures Research Centre at the University of Turku and Plenary session  “Hidden Champions” by Prof. Irina Sennikova, Rector of RISEBA and a visiting lecturer at the Baltic Defence College (Estonia).  
Roundtable discussions followed each Plenary sessions. During Roundtable discussions conference’ participants had the possibility of discussing topical issues with well-known Latvian professors and entrepreneurs: Romans Baumanis, Dr. Janis Berzins, Dr. Aigars Rostovskis, Ervins Labanovskis, Dr. Signe Balina, Viesturs Celmins, Dr. Arnis Sauka, Dr. Valdis Avotins, Roberts Dlohi, Martins Tiknuss.

EURAXESS Latvia as a platform for researchers, entrepreneurs, universities and businesses to interact with each other was presented by Dace Puriņa from State Education Development Agency.

Conference was moderated by Aigars Ceplitis (RISEBA).

On the second conference day, 22 February 64 research papers were presented and discussed during 5 conference sessions, while the total number of conference participants was 95. The researchers represented various universities and research institutions from 11 countries.

The Entrepreneurship session comprised 14 papers on very diverse topics ranging from corporate social responsibility to burnout and work engagement. Most of the presenters were from Latvia, but there were also representatives from Germany, India, and the Netherlands. Half of the research presented and discussed was conducted by doctoral students (e.g. Anzelika Smagina, Janis Reklaitis), in some cases in cooperation with senior researchers (PhD student Marius Schonberger and Dr. Tatjana Vasiljeva, PhD student Lev Faingloz and Dr. Anatoly Prohorov).

The following were among the brightest presentations and most promising papers in terms of further publication prospects:
- Dr. Jekaterina Kuzmina on food waste reduction, its challenges and opportunities for businesses;
- PhD student Anzelika Smagina on craft entrepreneurship;
- PhD student Janis Reklaitis on drivers of creative technologies.

The conference session Strategic Management included the following papers: “Strategic Foresight as an Enabler of Management Innovation” (Dr. Tatjana Volkova & Baiba Diasa-Dominiece); “Hidden Champions” (Galina Zilgalve and Dr. Irina Sennikova); “Web-Based Idea Management Systems and Organizational Effectiveness” (Elina Mikelsone, Dr. Tatjana Volkova and Elita Liela); “LMX as Perceived by Leaders: A Qualitative Study” (Julija Jacquemond); “The Relationship between Full Range Leadership and Organizational Outcomes” (Dr. Ali Ait Mhamed & El Mustapha Ait Sidi Mhamed); and “A Modern Enterprise Risk Management Approach in the Pharmaceutical Industry” (Dr. Ivars Godmanis).

The most interesting presentations of the session were “Business Platform: A Completely New Business Model (Mandatory Study in Modern Microeconomics)” (Dr. Ivars Godmanis), the content of which can be developed as a manuscript, and “Factors Affecting Strategy Implementation and Realization in Organizations: The Critical Role of Leadership” (Victor Hirssons & Dr. Iveta Ludviga), which can be polished and promoted further as a research paper for an academic journal.

In the conference session Finance a wide and comprehensive range of current financial issues were discussed, covering such topics as recent changes in the financial sector and the impact of financial technologies, banking sector regulation and stability, the development of financial instruments and current developments in financial markets.

One of the most interesting papers was by Lasma Supe, Andris Natrins, Elina Mikelsone, Andris Sarnovics and Ilmars Purins, who reported on the current developments in the financial sector of Latvia in relation to the spread of financial technologies. The study carried out by Maris Freifalts, Gaida Petere, and Irina Voronova “Simultaneous use of enterprise insolvency prediction models: the case of Latvia” analyzed optimal insolvency model use in Latvia. Dr. Sergejs Hilkevics and Valentina Semakina reported on the results of the study “The evaluation of the financial condition of Baltic stock companies”, and Dr. Sergejs Hilkevics and Dr. Galina Hilkevica presented the results of the study “The evaluation of the financial condition of US stock companies”, in which a comprehensive financial assessment of listed companies was carried out using corporate financial data.

The conference session Contemporary Research in Various Areas was devoted to different research with an element of foreseeing trends at the micro and macro level. The session covered several interesting and topical issues, like empirical evidence against generational theory (Dr. Iveta Ludviga), global and European trends in women’s representation on boards (PhD student Olga Dzene), and the instability of the business macro environment: factors and predictions (Prof. Emeritus Vulf Kozlinskis). One of the most valuable and interesting presentations was by PhD student Harsh Chaunan and Dr. Inga Uvarova on the results of their study “When will large companies of Latvia have gender-diverse boardrooms?”. Dr. Malgorzata Godlewska and PhD student Tomasz Pilewicz (via Skype) presented their research “Entrepreneurial activities of local government units in their investment attractiveness context. Evidence from Poland”. Dr. Jelena Titko and Jekaterina Bierne emphasized the importance of young entrepreneurs’ education in the presentation “Competence development of young entrepreneurs through an interactive study process”.  

The conference session Young Entrepreneurship examined key skills that young entrepreneurs need to develop and looked at ways to design and implement successful youth entrepreneurship programmes. The session built upon the observations made during surveys of young people in Armenia, Belarus, Georgia, Latvia, Moldova and Ukraine in the framework of the “Higher Educational Institutions for Youth Entrepreneurship” Erasmus+ programme. The presenters of the session were representatives of these countries. Dr. Rafael Ciloci and Dr.Tatiana Bucos presented the specifics of the development of youth entrepreneurship in the Republic of Moldova, highlighting the entrepreneurial intentions of youth. Dr. Diana Galoyan and Dr. Tatul Mkrtchyan presented the main features of the youth labour market and problems of youth entrepreneurship development in the Republic of Armenia. Dr. Iryna Trusevich reported on monitoring the development of youth entrepreneurship in the Republic of Belarus. Dr. Victoria Hrosul presented young people’s views on the problem of activation of youth entrepreneurship in Ukraine. Dr. Ilmars Kreituss reported on the development of youth entrepreneurship in Latvia.

As a closing event there was nice performance of RISEBA Repertory theatre.

Conference ASBBMC 2019

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