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What is Business Council

Chapter 18
Handbook of Research on Democratic Strategies and Citizen-Centered E-Government Services
An advisory body which is aimed at encouraging economic activities at the local level.
Published in Chapter:
Impact of Local Self-Government Institutions on Creating a Business-Friendly Environment: Multi-Criteria Analysis
Jelena Stanković (University of Niš, Faculty of Economics, Serbia) and Igor Novaković (University in Pristina/Kosovska Mitrovica, Serbia)
Copyright: © 2015 |Pages: 21
DOI: 10.4018/978-1-4666-7266-6.ch018
Abstract
The chapter objective is to demonstrate application possibilities of Multi-Criteria Analysis (MCA) in the specific local economic development problem in Serbia that refers to assessment of Local Self-Government (LSG) institutions' capabilities to act in order to create business-friendly environments and increase entrepreneurial activities. The primary aim of the chapter is to formulate an adequate multi-criteria model for evaluation of institutional cooperation between business councils, as representatives of local authorities and the business community in observed LSG units. Results indicate inadequate quality and functionality of the business councils, although cooperation has been established between the business councils, as a local government institution, and representatives of business community. Data analysis is conducted using relevant statistical methods. For multi-criteria analysis of subjective preferences of Local Economic Development (LED) offices has been applied Analitic Hierarchy Process (AHP).
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