THE EXAMINATION AND ASSESSMENT OF WINERY BUSINESS AND CONTRIBUTION TO THE DEVELOPMENT OF WINE TOURISM OF SERBIA
DOI:
https://doi.org/10.5937/ekoPolj2004103RKeywords:
business excellence assessment, BEX model, wineries, wine tourism, serbiaAbstract
The tradition of winemaking on the territory of Serbia dates back to ancient times. Today the activities related to wine production are on the rise, as is the number of wineries, and they participate in the valorization of wine tourism activities as an important Serbian tourist product. The aim of this paper is to assess the business excellence of wine producers in Serbia via the application of BEX model while establishing a correlation with the data on the promotion of wine tourism activities on the analyzed wineries websites. The attained research results indicate a decrease in the BEX index in 2018 in comparison with the values from 2017 and are within the parameters for good values. However, there is no correlation between the performance of wineries and the promotion of wine tourism on their websites.
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References
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5. Berk, J., DeMarzo, P. & Harford, J. (2012). Fundamentals of Corporate Finance. Prentice Hall, London
6. Bubić, J. & Hajnrih, J. (2012) The analysis business performance of agricultural enterprises in Vojvodina during the current crises, Economics of Agriculture 2/12:183-194
7. Cindrić, P. (1990). Sorte vinove loze. Nolit, Beograd
8. Cvijanović, D., Vujko, A. & Gajić, T. (2018). Farm Houses (Salaši) as a Gastronomic Potential of Vojvodina in the Function of Tourist Offer. KNOWLEDGE – International Journal Invited Scientifc Papers, 21.1: 13-16
9. Cvijanović, D. (2016). Marketing in Tourism.Faculty of Hotel Management and Tourism in Vrnjačka Banja, University of Kragujevac.[in Serbian: Цвијановић, Д. (2016). Маркетинг у туризму, Факултет за хотелијерство и туризам у Врњачкој Бањи, Универзитет у Крагујевцу]
10. Darnay, S. (2016).Quality of Landscape and Sustainability Benefit to Wine Tourism: Contexts and Commitments in: Peris Ortiz, M. et al,. (2016). Wine and Tourism, Springier
11. Despotović I., (2012). Wine. [in Serbian: Despotović I. (2012). Vino. Imperija knjiga, Kragujevac]
12. Ivanišević, D., Jakšić, D. & Korać, N. (2015). Viticultural Atlas. Statistical Office of the Republic of Serbia, Belgrade. [in Serbian: Иванишевић, Д., Јакшић, Д. & Кораћ, Н. (2015). Виноградарски атлас, Републички завод за статистику]
13. Jakšić, D., Bradić, I., Beader, M., Ristić, M.,Popović, D.,Mošić, I.& Dodok I.(2019). Viticulture and winemaking of Serbia. Center of Viticulture and winemaking, Niš. [in Serbian: Јакшић, Д., Брадић, И., Беадер, М., Ристић, М., Поповић, Д., Мошић, И. & Додок, И. (2019). Виноградарство и винарство Србије, Центар за виноградарство и винарство]
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16. Knežević, G., Stanišić, N. & Mizdraković, V. (2014). Predictive ability of the BEX model: The case of foreign Investors in Serbia from 2008 to 2012, TEME, 4(1): 1475 – 1488.
17. Kuzmanović, M. & Makajić-Nikolić, D. (2020). Heterogeneity of Serbian consumers preferences for local wines:Discrete choice analysis, Economics of Agriculture 1/20: 37-54. doi:10.5937/ekoPolj2001037K
18. Milićević, S. & Štetić, S. (2017). Tourism Management. Faculty of Hotel Management and Tourism in Vrnjačka Banja, University of Kragujevac, Vrnjačka Banja.[in Serbian:Милићевић, С. & Штетић, С. (2017). Менаџмент у туризму, Факултет за хотелијерство и туризам у Врњачкој Бањи, Универзитет у Крагујевцу, Врњачка Бања]
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21. Pavlović, S. (2007). Remnants of Sirmium are located under Sremska Mitrovica. Earth and People No 57, Serbian Geographical Society, Belgrade. [in Serbian: Павловић, С. (2007). Остаци Сирмиума се налазе испод Сремске Митровице. Земља и људи бр.57, Српско географско друштво, Београд]
22. Pivac, T. (2012). Wine Tourism of Vojvodina.University of Novi Sad.[in Serbian: Пивац, Т. (2012). Вински туризам у Војводини. Универзитет у Новом Саду]
23. Popescu, G. H., Nicoale, I., Nica, E., Vasile, A. J., & Andreea, I. R. (2017). The influence of land-use change paradigm on Romanias agro-food trade competitiveness—An overview. Land Use Policy, 61, 293-301. doi: https://doi.org/10.1016/j.landusepol.2016.10.032
24. Rajin, D., Milenković, D. & Radojević, T. (2016). Bankruptcy prediction models in the Serbian Agricultural Sector, Economics of Agriculture 1/16:89-105. doi:10.5937/ekoPolj1601089R
25. Regester, M. & Larkin, J. (1997). Risk Issues and Crisis Management, Kogan, London
26. Rulebook on the content and keeping of the wine register. Official Gazette of the Republic of Serbia, No. 67/2011 & 61/2017, Belgrade [in Serbian: Правилник о садржини и вођењу винарског регистра, Сл. гласник РС 67/2017,61/2017]. Retrieved from http://extwprlegs1.fao.org/docs/pdf/srb153782.pdf (May 15, 2020)
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28. Stanišić, M., Radović, N. & Nikolić, J. (2017). Business success analysis in the hotel industry, 4th International Scientific Conference FINIZ 2017, Singidunum University, Belgrade, Paper presented at FINIZ 2017 - Challenges in modern corporate governance.doi:10.15308/fniz-2017-14-17.Available at http://portal.fniz.singidunum.ac.rs/paper/42513
29. Strategy of agriculture and rural development of the Republic of Serbia for the period 2014-2024 year. Offcial Gazette of the Republic of Serbia, No. 85/2014, Belgrade. [in Serbian:Стратегија пољопривреде и руралног развоја Републике Србије за период 2014-2024. године, Сл.гласник РС 85/2014.]. Available at http://uap.gov.rs/wp-content/themes/uap/STRATEGIJA%202014-2020%20.pdf
30. Stojković, J. & Milićević, S. (2020). SWOT analysis of wine tourism development opportunities in the Trstenik vineyard district. Hotel and Tourism Management, 8(1), 59-67. doi: 10.5937/menhottur2001059S
31. Štetić, S., Cvijanović, D. & Šimičević, D. (2014). Special forms of tourism in the Danube region of Serbia. Institute of Agricultural Economics, Belgrade. [in Serbian: Штетић, С., Цвијановић, Д. & Шимичевић, Д. (2014). Посебни облици туризма дунавског региона Србије, Институт за економику пољопривреде]
32. The Agency for Commercial Registers. Retreived from https://www.apr.gov.rs (September 17, 2019)
33. The International Organization of Vine and Wine. Retreived from https://www.oiv.int/en/statistiques (May 15, 2020)
34. The Statistical Offce of the Republic of Serbia. Retreived from https://www.rzs.gov.rs (May 18, 2020)
35. Tourism Development Strategy of the Republic of Serbia the period 2016-2025 year. [in Serbian: Стратегија развоја туризма Републике Србије за период 2016-2025. године]. Available at: https://mtt.gov.rs/download/3/TOURISM%20DEVELOPMENT%20STRATEGY%20OF%20RS%202016-2025.pdf
36. Vlahović, B., Puškarić, A. & Užar, D. (2017). Modern trends in the Wine Market. Faculty of Agriculture, University of Novi Sad. [in Serbian: Влаховић, Б., Пушкарић, А. & Ужар, Д. (2017). Савремени трендови на тржишту вина, Пољопривредни факултет, Универзитета у Новом Саду]
37. Vlahović, B., Tomić, D.& Puškarić, A. (2008). Wine production in Republic of Serbia. Economics of Agriculture 3/2008:277-288. [in Serbian: Влаховић, Б., Томић, Д.& Пушкарић, А. (2008). Производња вина у Републици Србији, Економика пољопривреде 3/2008:277-288]
38. Vasile, A. J., Popescu, C., Ion, R. A., & Dobre, I. (2015). From conventional to organic in Romanian agriculture–Impact assessment of a land use changing paradigm. Land Use Policy, 46, 258-266. doi: https://doi.org/10.1016/j.landusepol.2015.02.012
39. Vasile, A. J., Mihai, M., & Mirela, P. (2017). Transformations of the Romanian agricultural paradigm under domestic economic policy reforms: An analysis during 1960–2011. Land Use Policy, 67, 288-297, doi: https://doi.org/10.1016/j.landusepol.2017.06.008
40. Vasilescu, I., Cicea, C., Popescu, G., & Andrei, J. (2010). A new methodology for improving the allocation of crops cost production in Romania. Journal of Food, Agriculture and Environment, 8(2), 839-842.
41. Wine Law.Official Gazette of the Republic of Serbia, No. 41/09 & 93/12, Belgrade[in Serbian: Закон о вину, Сл. гласник РС, бр. 41/09 & 93/12]. Available at http://www.minpolj.gov.rs/download/zakon-o-vinu-2/?script=lat
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Published
2020-12-26
How to Cite
Radović, N. B., & Milićević, S. (2020). THE EXAMINATION AND ASSESSMENT OF WINERY BUSINESS AND CONTRIBUTION TO THE DEVELOPMENT OF WINE TOURISM OF SERBIA. Economics of Agriculture, 67(4), 1103–1123. https://doi.org/10.5937/ekoPolj2004103R
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