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Vojko Potocan
Faculty of Economics and Business, University of Maribor, Razlagova 14, 2000 Maribor, Slovenia

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Short Biography

Vojko POTOCAN, Ph.D. (in Business) is a Professor of Management and Organization at the Faculty of Economics and Business (FEB), University of Maribor (Slovenia). He earned his doctoral degree in FEB Maribor. He teaches in three universities in Slovenia and in three universities abroad (Germany, Croatia, and Poland). He is also head of the postgraduate study program of Management and Organization at FEB. He takes part in different international scientific conferences and has conducted a number of study visits abroad. He has published over 450 texts (over 300 in foreign languages in 40 countries), including 12 books—with leading publishers Pearson, IGI, Palgrave Macmillan—and has edited proceedings and textbooks. Dr. Potocan has published over eighty articles in peer-reviewed scholarly journals, including but not limited to, Journal of International Business Studies, Journal of Business Ethics, European Journal of Management, Engineering Economics, International Journal of Physical Distribution & Logistics Management, and Journal of World Business.

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Journal article
Published: 03 August 2021 in Sustainability
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This study examined the importance of technologies in advancing modern organizations’ corporate social responsibility (CSR). Drawing upon environmentalist and technological theories, we analyzed the shift from the traditional development of technology to the development of sustainable technologies for the further sustainable advancement of organizations. Technology has decisively influenced the development of humankind, but its research has traditionally excluded sustainable development issues. Newer technological visions have addressed the incorporation of technologies in all industries more comprehensively to solve social issues related to environmental protection and sustainable economic development. Such an orientation is followed by several conceptual solutions, such as the sustainable use of traditional technologies, development of sustainable technologies, and interdisciplinary treatment of sustainable technology to extend the CSR model. The results of our study have theoretical implications, highlighting the effects of technological development and new technologies on the course of further societal sustainable development. Practical implications include extending CSR’s Triple Bottom model with a technological dimension to improve organizations’ further sustainable operating and behavior.

ACS Style

Vojko Potocan. Technology and Corporate Social Responsibility. Sustainability 2021, 13, 8658 .

AMA Style

Vojko Potocan. Technology and Corporate Social Responsibility. Sustainability. 2021; 13 (15):8658.

Chicago/Turabian Style

Vojko Potocan. 2021. "Technology and Corporate Social Responsibility." Sustainability 13, no. 15: 8658.

Journal article
Published: 09 April 2021 in Sustainability
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The main purpose of this study was to examine the influence of leaders’ personal values on their democratic behavior from a sustainability perspective. We specified and tested the research model, drawing upon modified versions of the theory of basic values and the autocratic–democratic leadership continuum. A total of 208 Slovenian and 196 Austrian leaders’ responses were used in hierarchical regression and structural equation modeling analysis. The results reveal a significant and positive influence of collectivistic values in both samples on democratic leadership behavior. A significant and negative effect of individualistic values on democratic leadership behavior is present in Austria, while in Slovenia, the effect is positive but not significant. Based on acknowledged associations between leader’s values, leaders’ democratic leadership behavior, and sustainable development, we argue that democratic leadership behavior contributes to the sustainable working and behavior of organizations. These results have theoretical implications, indicating how personal values affect leaders’ democratic behavior and contribute to the sustainable working and behavior of organizations. The practical implications relate to the strengthening of leaders’ democratic behavior in Slovenian and Austrian organizations. In addition, these findings will be helpful in increasing the sustainability of organizations via fostering democratic leadership behavior and its underlying personal values.

ACS Style

Zlatko Nedelko; Vojko Potocan. Sustainability of Organizations: The Contribution of Personal Values to Democratic Leadership Behavior Focused on the Sustainability of Organizations. Sustainability 2021, 13, 4207 .

AMA Style

Zlatko Nedelko, Vojko Potocan. Sustainability of Organizations: The Contribution of Personal Values to Democratic Leadership Behavior Focused on the Sustainability of Organizations. Sustainability. 2021; 13 (8):4207.

Chicago/Turabian Style

Zlatko Nedelko; Vojko Potocan. 2021. "Sustainability of Organizations: The Contribution of Personal Values to Democratic Leadership Behavior Focused on the Sustainability of Organizations." Sustainability 13, no. 8: 4207.

Journal article
Published: 24 October 2020 in Journal of Business Research
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The purpose of this research is to examine the relationship between intellectual agility, entrepreneurial leadership (measured through future orientation and community building) and the innovativeness of micro and small businesses in an efficiency-driven economy. Building on nexus of entrepreneurial leadership, human capital and economics of innovation literature, a theoretical model has been developed and tested empirically on a sample of 110 micro and small businesses from Serbia, a country with an emerging efficiency-driven economy by means of the structural equation modelling. Intellectual agility of employees positively influences the innovativeness of micro and small businesses, but this effect is strongly mediated through entrepreneurial leadership. Future orientation contributes significantly to innovativeness and the ability to build community links; in turn it is affected by the intellectual agility. The main theoretical contribution of this research lies in the emphasized role of intellectual agility of employees in micro and small businesses’ innovativeness, in the context of the emerging concept of entrepreneurial leadership. The findings are useful for managers and owners of micro and small businesses in their efforts to enhance the innovation of their firms, which will rely on the potential of intellectual agility of employees and the central role of entrepreneurial leadership in the future.

ACS Style

Marina Dabić; Nebojša Stojčić; Marijana Simić; Vojko Potocan; Marko Slavković; Zlatko Nedelko. Intellectual agility and innovation in micro and small businesses: The mediating role of entrepreneurial leadership. Journal of Business Research 2020, 123, 683 -695.

AMA Style

Marina Dabić, Nebojša Stojčić, Marijana Simić, Vojko Potocan, Marko Slavković, Zlatko Nedelko. Intellectual agility and innovation in micro and small businesses: The mediating role of entrepreneurial leadership. Journal of Business Research. 2020; 123 ():683-695.

Chicago/Turabian Style

Marina Dabić; Nebojša Stojčić; Marijana Simić; Vojko Potocan; Marko Slavković; Zlatko Nedelko. 2020. "Intellectual agility and innovation in micro and small businesses: The mediating role of entrepreneurial leadership." Journal of Business Research 123, no. : 683-695.

Journal article
Published: 19 June 2020 in Sensors
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The main purpose of this study is to examine how the use of management tools supports the readiness of manufacturing organizations for the implementation of Industry 4.0. The originality of the research is reflected in the exploration of the relationship between the use of the selected well-known management tools and their readiness for the implementation of Industry 4.0, which was assessed using a combination of two models—one developed by the National Academy of Science and Engineering (Acatech) and the other by the University of Warwick. The relationship was assessed by applying structural equation modeling techniques to a data set of 323 responses from employees in manufacturing organizations. The results show that the use of six sigma, total quality management, radio frequency identification, a balanced scorecard, rapid prototyping, customer segmentation, mission and vision statements, and digital transformation is positively associated with Industry 4.0 readiness. Inversely, outsourcing and strategic planning are negatively associated with Industry 4.0 readiness, while lean manufacturing, which is often emphasized as the cornerstone of Industry 4.0 implementation, is not associated with Industry 4.0 readiness in our study. These findings can help organizations to understand how to consider and measure readiness for the implementation of Industry 4.0 more comprehensively and present guidelines on how the use of management tools in manufacturing organizations can foster their implementation of Industry 4.0 principles.

ACS Style

Rok Črešnar; Vojko Potočan; Zlatko Nedelko. Speeding Up the Implementation of Industry 4.0 with Management Tools: Empirical Investigations in Manufacturing Organizations. Sensors 2020, 20, 3469 .

AMA Style

Rok Črešnar, Vojko Potočan, Zlatko Nedelko. Speeding Up the Implementation of Industry 4.0 with Management Tools: Empirical Investigations in Manufacturing Organizations. Sensors. 2020; 20 (12):3469.

Chicago/Turabian Style

Rok Črešnar; Vojko Potočan; Zlatko Nedelko. 2020. "Speeding Up the Implementation of Industry 4.0 with Management Tools: Empirical Investigations in Manufacturing Organizations." Sensors 20, no. 12: 3469.

Earlycite article
Published: 07 May 2020 in Kybernetes
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Purpose The purpose of this paper is to report about research how Society 5.0 balances Industry 4.0, responsible economic development and resolution of social problems by advancement of corporate social responsibility (CSR) in organizations. Design/methodology/approach Drawing from organization, sustainable development and social functionalism theories, the authors designed an integral model of CSR in line with goals of a forward-looking and socially responsible society. This study includes analyzing of present governing principles, multidisciplinary and multifunctional consideration and developing of integral framework for CSR in organizations. Findings This study’s findings suggest incorporation of technology in models of CSR, a regionally grounded solving of individuals’ social problems and changing of CSR’s environmental, social and economic dimensions according to circumstances of Society 5.0. Practical implications This study has created guidance for improvement of CSR practice in organizations through its responsible operating and behavior grounded on the governing environmental and social circumstances in modern society. It also revealed new possibilities for interest-based usage of human-centered society among individuals and organizations. Originality/value The reported study proposed an integral model of CSR for solving the main social problems with usage of advanced technologies in responsible economic growth founded on circumstances of Society 5.0, previously not considered in literature.

ACS Style

Vojko Potočan; Matjaž Mulej; Zlatko Nedelko. Society 5.0: balancing of Industry 4.0, economic advancement and social problems. Kybernetes 2020, 50, 794 -811.

AMA Style

Vojko Potočan, Matjaž Mulej, Zlatko Nedelko. Society 5.0: balancing of Industry 4.0, economic advancement and social problems. Kybernetes. 2020; 50 (3):794-811.

Chicago/Turabian Style

Vojko Potočan; Matjaž Mulej; Zlatko Nedelko. 2020. "Society 5.0: balancing of Industry 4.0, economic advancement and social problems." Kybernetes 50, no. 3: 794-811.

Journal article
Published: 17 December 2018 in E+M Ekonomie a Management
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ACS Style

Maja Rosi; David Tuček; Vojko Potočan; Milan Jurše. Market orientation of business schools: a development opportunity for the business model of University Business Schools in transition countries. E+M Ekonomie a Management 2018, 21, 175 -194.

AMA Style

Maja Rosi, David Tuček, Vojko Potočan, Milan Jurše. Market orientation of business schools: a development opportunity for the business model of University Business Schools in transition countries. E+M Ekonomie a Management. 2018; 21 (4):175-194.

Chicago/Turabian Style

Maja Rosi; David Tuček; Vojko Potočan; Milan Jurše. 2018. "Market orientation of business schools: a development opportunity for the business model of University Business Schools in transition countries." E+M Ekonomie a Management 21, no. 4: 175-194.

Journal article
Published: 05 June 2017 in Kybernetes
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Purpose The aim of this paper is to report about a requisitely holistic examination of the business ethics, focused on internal gaps between company’s and employees’ ethics. Contribution considers reasons for emergence of business ethics’ internal gaps and their appearance forms. Design/methodology/approach The authors specify and test model drawing upon modified versions of the ethics and management theory. In all, 1,125 responses were analyzed from an on-going survey conducted biannually among employees in Slovenian companies in the past decade. Findings Results reveal that company’s real business ethics remained steady over the decade, while employees’ real business ethics have significantly improved. Significant differences exist between employees’ and company’s real business ethics and shape internal business ethics’ incompatibilities. Finally, results reveal a significant influence of employees’ real business ethics on company’s real business ethics. Research limitations/implications Research is limited to postulated hypotheses, qualitative consideration of internal gaps of business ethics and quantitative analysis of business ethics’ development in the considered Slovenian companies in the past 10 years. Practical implications The authors rethought the habit of separated consideration of managerial business ethics and employees’ ethics as well as the presumption about congruence between company’s and employees’ business ethics. The requisitely holistic understanding and consideration of internal gaps of business ethics is suggested. Originality/value Available literature does not provide a similar model for a requisitely holistic consideration of internal gaps of business ethics. The study confirms the proposed model of business ethics gaps.

ACS Style

Zlatko Nedelko; Matjaz Mulej; Vojko Potocan. How to requisitely holistically consider internal gaps of business ethic. Kybernetes 2017, 46, 914 -932.

AMA Style

Zlatko Nedelko, Matjaz Mulej, Vojko Potocan. How to requisitely holistically consider internal gaps of business ethic. Kybernetes. 2017; 46 (6):914-932.

Chicago/Turabian Style

Zlatko Nedelko; Matjaz Mulej; Vojko Potocan. 2017. "How to requisitely holistically consider internal gaps of business ethic." Kybernetes 46, no. 6: 914-932.

Journal article
Published: 28 March 2017 in Business Systems Research Journal
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Background: The contemporary world-wide socio-economic crisis tends to escalate and contribute to the global crisis. Limitation of education to one-sided ‘knowledge management’ rather than socially responsible ‘knowledge-cum-values-management’ is one of the crisis’s causes. Objectives: The limitations to current knowledge management should be analyzed with systemic thinking. Which values are prevailing in it now and which values will enable the survival of humankind? Methods/Approach: In the first part, literature is reviewed for analysis and conceptual generalization of knowledge management. The theoretical framework based on ‘system theory’, ‘knowledge management’ and ‘knowledge-cum-values management’, and ‘values of social responsibility’ is introduced. In the second part a new theoretical concept “A potential methodological support for human transition from one-sided to requisitely holistic behavior via social responsibility” is discussed. Results: Knowledge management is a too narrow concept, it tends to leave aside human values, an impact on the natural environment, and extremely growing differences. Humankind needs consideration of responsibility, interdependence and holism in order to minimize detrimental impact of individual behaviour on society, i.e. humans and nature. Conclusions: The research indicates that individuals should attain more requisite holism, and should not be irrational by trying to attain only rationalism in human decision-making and action.

ACS Style

Zdenka Ženko; Matjaž Mulej; Vojko Potočan. Knowledge-cum-values Management belongs to the Way out from Global Crisis. Business Systems Research Journal 2017, 8, 113 -123.

AMA Style

Zdenka Ženko, Matjaž Mulej, Vojko Potočan. Knowledge-cum-values Management belongs to the Way out from Global Crisis. Business Systems Research Journal. 2017; 8 (1):113-123.

Chicago/Turabian Style

Zdenka Ženko; Matjaž Mulej; Vojko Potočan. 2017. "Knowledge-cum-values Management belongs to the Way out from Global Crisis." Business Systems Research Journal 8, no. 1: 113-123.

Journal article
Published: 27 October 2016 in Journal of Business Economics and Management
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This article reports on examination of the relationships between manager’s personal values, their attitudes toward concern for environment, concern for economic results and enterprise environmental responsiveness. Schwartz’s list of values and statements about the environmental and economic concerns is used. We analyzed 1179 managers’ answers from Slovenian enterprises with structural equation modeling. Manager’s concern results: (a) for environment positively and significantly and (b) for economics negatively and insignificantly, in influence on enterprise environmental responsiveness. Two value dimensions significantly influence enterprise environmental responsiveness and one negatively. Environmental concern mediates the effect of three, and concern for economic results mediates the effect of two value dimensions on enterprise’s environmental responsiveness. Generalization can be limited due to the focus on one Central Europe country; future examination is needed. Findings are useful for the development of enterprises’ pro-environmental behavior and development of enterprise value system. A model of enterprise’s environmental responsiveness is developed.

ACS Style

Vojko Potocan; Zlatko Nedelko; Valentina Peleckienė; Kęstutis Peleckis. VALUES, ENVIRONMENTAL CONCERN AND ECONOMIC CONCERN AS PREDICTORS OF ENTERPRISE ENVIRONMENTAL RESPONSIVENESS. Journal of Business Economics and Management 2016, 17, 685 -700.

AMA Style

Vojko Potocan, Zlatko Nedelko, Valentina Peleckienė, Kęstutis Peleckis. VALUES, ENVIRONMENTAL CONCERN AND ECONOMIC CONCERN AS PREDICTORS OF ENTERPRISE ENVIRONMENTAL RESPONSIVENESS. Journal of Business Economics and Management. 2016; 17 (5):685-700.

Chicago/Turabian Style

Vojko Potocan; Zlatko Nedelko; Valentina Peleckienė; Kęstutis Peleckis. 2016. "VALUES, ENVIRONMENTAL CONCERN AND ECONOMIC CONCERN AS PREDICTORS OF ENTERPRISE ENVIRONMENTAL RESPONSIVENESS." Journal of Business Economics and Management 17, no. 5: 685-700.

Journal article
Published: 27 January 2016 in Journal of the Knowledge Economy
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The main objective of this paper is to examine the importance of influential employee’s personal values, which shape development of innovations among employees in enterprises. Enterprises can use for realization of sustainable development different economic concepts of new economy, like very promising creative economy, which inter-relates creativity, knowledge and innovation economies. The paper presents implementation of creative economy in enterprises with research of importance of most influential personal values of employees for development of innovations. Data were collected from 173 employees in Slovenian and 226 employees from Croatian enterprises. This research reduces the gap between well spread theoretical research and less empirical evidences of the theoretical cognitions for a selected problem. The empirical research has revealed the differences in the perception of employees’ personal values, which shape development of innovations between Slovenia and Croatia employees. The paper also reports about the importance of selected personal values of employees, which primarily determine enterprises’ innovations—i.e., creativity, exciting life, varied life and ambition and tests the differences in the employees’ perceived importance of personal values, regarding the impacts of: (1) the country of origin, (2) employees’ work experience, and (3) interaction effect of country of origin and work experiences.

ACS Style

Marina Dabic; Vojko Potocan; Zlatko Nedelko. Personal values supporting enterprises’ innovations in the creative economy. Journal of the Knowledge Economy 2016, 8, 1241 -1261.

AMA Style

Marina Dabic, Vojko Potocan, Zlatko Nedelko. Personal values supporting enterprises’ innovations in the creative economy. Journal of the Knowledge Economy. 2016; 8 (4):1241-1261.

Chicago/Turabian Style

Marina Dabic; Vojko Potocan; Zlatko Nedelko. 2016. "Personal values supporting enterprises’ innovations in the creative economy." Journal of the Knowledge Economy 8, no. 4: 1241-1261.

Journal article
Published: 01 December 2015 in Naše gospodarstvo/Our economy
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In this paper, we focus on the importance and influence of employees’ values as an essential element of organizational culture in the acquisition of knowledge. Based on empirical research, we studied the influence of employees’ values in Slovenian organizations on the acquisition of knowledge, enabling us to identify the core values that exert the greatest effect on the acquisition of knowledge. The results of the analysis confirmed the positive impact of employees’ values on the acquisition of knowledge. We found that the more employees are dedicated to personal development and the more they feel connected and loyal to the organization, the more they are inclined to the development and acquisition of knowledge.

ACS Style

Nataša Pivec; Vojko Potocan. The Influence of Employees’ Values on the Acquisition of Knowledge in Organizations. Naše gospodarstvo/Our economy 2015, 61, 19 -27.

AMA Style

Nataša Pivec, Vojko Potocan. The Influence of Employees’ Values on the Acquisition of Knowledge in Organizations. Naše gospodarstvo/Our economy. 2015; 61 (6):19-27.

Chicago/Turabian Style

Nataša Pivec; Vojko Potocan. 2015. "The Influence of Employees’ Values on the Acquisition of Knowledge in Organizations." Naše gospodarstvo/Our economy 61, no. 6: 19-27.