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The fact is that the real needs for financial services of both individuals and enterprises are likely to be higher than is apparent from the actual use of a specific financial service at a given point in time. When referring to businesses, it should be also underlined that micro- and some smallsized businesses are more likely to lack some of the basic financial services or be financially excluded than larger ones (BIS, 2015). Conclusions and implications Access to financial products and services performs two key functions beneficial to individuals and firms: risk management and inter-temporal consumption smoothing. Financial inclusion is pro-growth but also pro-poor, reducing poverty, income inequality and inequality of chances. The degree of financial inclusion depends on different groups, e.g. individuals and enterprises, different size of enterprises and different countries and regions in the world. The gap in access and use of financial products and services still remains a challenge, especially for individuals, small and medium enterprises and poorer regions in the world (low-income countries). Particularly noteworthy are small and medium enterprises. SMEs represent large part of private business and contribute to employment and to GDP in many countries, especially in developing ones. The development of SMEs is seen as accelerating the achievement of wider economic and socio-economic objectives, including poverty alleviation. Emphasizing the role of SMEs in the economy and at the same time their more limited access to finance in comparison to a group of larger enterprises, it is justified to pay more attention to them. The financial inclusion may be facilitated in inclusive financial system. Many developing and especially low income countries in the world should make efforts to change their financial systems from an “exclusive” orientation toward a more “inclusive” one. The further research should also examine the ways of transition from exclusive to inclusive financial system, taking into account experiences of many countries. That means that in the area of financial inclusion very important are coordinated actions at the national and international level. References Burgess, R., & Pande, R. (2005) Do Rural Banks Matter? Evidence from the Indian Social Banking Experiment. American Economic Review, 95 (3), 780–95. Chanthana, N. (2015) Speech of Deputy Governor of NBC at the conference on “Women and Enterprises: Driving Financial Inclusion and Investment Returns” organized by the United Nations Capital Development Fund (UNCDF), the National Bank of Cambodia (NBC) in cooperation with the Australian Government's Department of Foreign Affairs (DFAT) and UNDP Cambodia, Cambodia, April 2015. Demirguc-Kunt, A., Klapper L., Singer D., Peter Van Oudheusden. (2015) The Global Findex Database 2014: Measuring Financial Inclusion around the World. Policy Research Working Paper 7255, World Bank, Washington, DC. Frączek, B. (2014) Main purposes and challenges in the financial education of financial consumers in the world. Journal of Economics & Management, 16, UE, Katowice, 27-43. Frączek, B. and Mitręga-Niestrój, K. (2014), Edukacja finansowa wobec rozwoju rynku alternatywnych usług finansowych (Financial education in view of the alternative financial services market development), [Eds.]. J.Węcławski, Annales UMCS Sectio H Oeconomia, Lublin, 99-107. Levine, R. (2005) Finance and Growth: Theory and Evidence. In Philippe Aghion and Steven Durlauf, [eds] Handbook of Economic Growth, edition 1, volume 1. Amsterdam: Elsevier. Mehrotra, A. & Yetman, J. (2015), Financial inclusion – issues for central banks, BIS Quarterly Review, March 2015, 83-96 Morduch J. (2006) Micro-Insurance: the next revolution? In understanding poverty. Edited by A. Banerjee, R.Benabou, D.Mookherjee. Oxford University Press. 291
Puri M., Rocholl J. Steffen S. (2011) On the importance of prior relationships in bank loans to retail customers. Working Paper Series, no1395/Nowebmer European Central Bank, 2011. Retrieved from https://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1395.pdf?c8a9d80f7c29448f0d67d0685afe4008 Stewart, R., van Rooyen, C., Korth, M., Chereni, A., Rebelo Da Silva, N., de Wet, T. (2012) Do micro-credit, microsavings and micro-leasing serve as effective financial inclusion interventions enabling poor people, and especially women, to engage in meaningful economic opportunities in low- and middle-income countries. A systematic review of the evidence. London: EPPI-Centre, Social Science Research Unit, Institute of Education, University of London. Surina, A. (2007) Savings of People As the Source of Collective Investments. State Governance. Electronic Bulletin, 10 March. Tambunan, T. (2015) Financial Inclusion, Financial Education, and Financial Regulation: A Story from Indonesia. ADBI Working Paper 535. Tokyo: Asian Development Bank Institute. Retrieved from http://www.adb.org/publications/financial-inclusion-financial-education-andfinancial-regulation-storyindonesia/ Zielioski, T. (2015) Rezygnacja z gotówki – nowy paradygmat pieniądza czy tylko innowacja w obszarze rozliczeo pieniężnych? ( Cash resignation - a new paradigm of money or just innovation in the area of cash settlements?) , Annales Universitatis Mariae Curie-Skłodowska. Sectio H, Oeconomia 49/4, 737-758 Women's and World Banking, (2013) Savings: A Gateway to Financial Inclusion, Credit Suisse, OECD (2014) ADB–OECD Study on Enhancing Financial Accessibility for SMEs. Lessons from Recent Crises, Asian Development Bank and OECD Word Bank Group (2010) Towards universal access: addressing the global challenge of financial inclusion, World Bank Group, Volume 1, Retrieved from http://siteresources.worldbank.org/DEC/Resources/84797- 1275071905763/Inclusive_Finance-Stein.pdf World Bank Group (2015a). Enterprise Survey, http://www.enterprisesurveys.org/data/exploretopics/finance#--13 [December 2015] World Bank Group (2015b), The little Data Book on Financial Inclusion, The World Bank, 2015 World Bank Group (2012), The little Data Book on Financial Inclusion, The World Bank, 2012 292
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PROCEEDINGS OF The International Bu
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Proceedings of the International Bu
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Costs and Benefits of Marketing Com
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Sources of Competitive Advantage in
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INNOVATIVE THINKING AS A REQUIREMEN
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The participants of the conducted s
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thinking: nature, specific traits,
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4. The training programs aimed at t
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second reason lies in the specifics
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Conclusions To sum up, it should be
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the impact of the macro-environment
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Creativity Figure 2. The structure
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Boden (2004) distinguishes two broa
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consists of factors and trends oper
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Druzhinin, 1999 Gebert, 2002 Krause
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Table 4. Details of the respondents
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Figure 5. Distribution of expectati
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climate, which obstructs the expres
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Simonton, D. K. (2003). Scientific
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Unlocking and diffusing environment
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11. Aping: a copy cat is possible b
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finding tours, network sessions, id
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Conclusions Although this research
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THE INTERFACE BETWEEN THE STUDENTS
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135 (47.4 percent) students, the re
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and agreeableness. Most researchers
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individuals with strongly expressed
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of statistics were identified in th
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When analysing the data of the Crea
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Childishness 5.77 1.79 5.46 1.66 1.
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Generalizing the obtained results i
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openness to experience in students
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the third year students, as well as
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Wang, N., Jome, L. M., Haase, R. F.
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Csikszentmihalyi (1991) concurs and
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Pictures, imaging, perception and m
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participants had given their consen
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Kirkpatrick D. (1994) cited Rigg &
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the ability to transform the existi
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Almost 70 percent of the students i
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The respondents studying at the Fac
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with other faculties who are willin
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INNOVATIVE AND CREATIVE ICT SOLUTIO
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The author suggests that the proces
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activity (e.g. between two and thre
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characteristics of innovative ICT s
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Innovative and creative business so
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type of projector. Its type and cap
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Badzioska, E. (2016). The Concept o
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BUILDING RESILIENT ORGANIZATIONS AN
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Even though open innovation is most
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Most of the wood construction -rela
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MEE (Finnish Ministry of Employment
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the concept. Conceptual layer is co
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It is important to indicate the acc
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elationship can have the impact on
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THE USE OF TIME-DRIVEN ACTIVITY BAS
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The term of time consuming includes
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Table 1. The time equation of purch
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In the classical approach of accoun
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COSTS AND BENEFITS OF MARKETING COM
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Marketing experts A total of 13 mar
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No common rules, but facilitators D
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For radio spots and TV ads, adverti
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interviewed companies were locally
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(Objectives of) the most used and b
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Table 7. Correlation of interest in
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selected by companies amid various
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Exhibit 1). This shows a clear conn
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Brand awareness is thought to accru
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celebration, victory and the epitom
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eaching and identifying with their
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2014). This worked to increase awar
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Exhibit 6. Impact of Marketing Tech
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McDonald, Colin. (1991). Sponsorshi
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products dedicated to older consume
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The study was conducted in November
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The study was conducted by question
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The research results also showed th
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stages. (Freeman, Soete, 2001). Kul
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and process innovations and innovat
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company's innovation culture. For e
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Conclusions Reviewing the definitio
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ONE DOWNTOWN STREET. ONE DOWNTOWN P
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construction of new ones while othe
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association of post-earthquake buil
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After carrying out of this inquiry,
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SOCIAL MEDIA AND ITS INFLUENCES ON
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Social Media Definition of social m
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Forums Perhaps the forums came befo
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find 80% their prefer shops online
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ASSESSMENT OF DIFFERENT GENERATION
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Table 1. Generations of Georgian po
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FOOD-RELATED LIFESTYLE AS AN INNOVA
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The eco-moderate food consumer, Th
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Source: author’s elaboration. Fig
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Cholewa-Wójcik, A., & Świda, J. (
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The aim of work is to analyze diffe
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The results of empirical research c
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Legal framework According Hattori a
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on companies as it’s a key elemen
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Figure 5. Opinion about false adver
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EVALUATION OF POSSIBILITIES TO CHAN
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logistics is to save resources, to
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Figure 2. Review of Cargo handling
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Air pollution passes into other sph
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Figure 6. The Cascade bulk cargo ha
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Figure 8. Principle of dust suppres
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WHEN SHARED VALUE MEETS CREATIVITY:
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Figure 1. Value creation framework
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in private people who are oriented
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“Creative thinking led to Nobel P
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offer the machine, for free. Then t
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Yunus, M., Dalsace, F., Menasce, D.
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Clearly declarative character, mani
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management, because it would mean t
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of companies do not see the need to
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Figure 6. Problems noticed in enter
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epresentatives of SMEs have a right
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practitioners have developed their
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Page 243 and 244: Acting boldly without being limited
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Page 247 and 248: Assessing Vilniaus kolegija/Univers
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Page 251 and 252: S. Pogosian and I. Dzemyda (2012) n
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Page 265 and 266: Given that SMEs were shaped by thei
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Page 273 and 274: Business related innovation phenome
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Page 279 and 280: Marketing innovation Organisational
Page 281 and 282: Figure 1. The rate of innovation-ac
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Page 285 and 286: ASSESSING FINANCIAL INCLUSION OF EN
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Page 305 and 306: Zielioski T. (2013), "Zarażenie fi
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Page 311 and 312: Individualism-collectivism dimensio
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Page 315 and 316: The power distance indicator in Lit
Page 317 and 318: After performing a comparative anal
Page 319 and 320: INNOVATION, ECONOMIC GROWTH, AND IN
Page 321 and 322: citizens and gain popularity in abr
Page 323 and 324: eduction of state and private inves
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Page 327 and 328: THE PERCEPTIONS OF PARTNERS’ TRUS
Page 329 and 330: small and medium sized and represen
Page 331 and 332: Figure 2. Conceptual map of the Rus
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Page 339 and 340: Appendix 3. Trustworthiness cluster
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for sources of competitive advantag
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The competitive advantage of compan
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discrepancy of responses was slight
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Budzyoska-Biernat A. (2015). Strate
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the economy of European countries m
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Scientific literature emphasizes th
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The European Parliament and the Cou
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No. Competence Score Group No. Comp
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When generalizing the research resu
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SUSTAINABLE TOURISM AND SOCIAL TOUR
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organizations and institutions resp
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Municipalities were chosen in a way
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On the other hand the highest mean
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A major contribution of this resear
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Shin, Y. (2010). Residents' Percept
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Hence, Georgia has made a big succe
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driving forces for massive employme
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Figure 3. Credit (ECTs) distributio
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There are provided good organizatio
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Academic representatives to receive
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total exports. Travel & Tourism inv
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trends in the development of touris
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philosopher Arsene Ikaltoeli taught
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Terms of fierce competition in the
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PROMOTING INNOVATION IN THE HOTEL I
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Leadership in Energy and Environmen
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Conclusions This article reviewed i
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ISBN Ba Proceedings of the Internat
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