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@article{8540, author = {Pavlák, Miroslav and Písař, Přemysl}, article_location = {Ukraine}, article_number = {3}, doi = {http://dx.doi.org/10.21511/ppm.18(3).2020.30}, keywords = {performance; competitiveness; stability; ROA; turnover; model; correlation; business}, language = {eng}, issn = {1727-7051}, journal = {Problems and Perspectives in Management}, title = {Strategic management controlling system and its importance for SMEs in the EU}, url = {https://www.businessperspectives.org/journals/problems-and-perspectives-in-management/issue-359/strategic-management-controlling-system-and-its-importance-for-smes-in-the-eu}, volume = {18}, year = {2020} }
TY - JOUR ID - 8540 AU - Pavlák, Miroslav - Písař, Přemysl PY - 2020 TI - Strategic management controlling system and its importance for SMEs in the EU JF - Problems and Perspectives in Management VL - 18 IS - 3 SP - 362-372 EP - 362-372 PB - LLC “Consulting Publishing Company “Business Perspectives” SN - 17277051 KW - performance KW - competitiveness KW - stability KW - ROA KW - turnover KW - model KW - correlation KW - business UR - https://www.businessperspectives.org/journals/problems-and-perspectives-in-management/issue-359/strategic-management-controlling-system-and-its-importance-for-smes-in-the-eu N2 - The current hyper-competitive environment offers many great opportunities for small and medium-sized businesses (SMEs), but on the other hand, this business environment is also hazardous. SMEs are a significant economic power and employer in the European Union. Their competitiveness and long-term stability are a crucial factor for European cohesion and economic growth. The research aim is to design a strategic management controlling system that should be implemented to SMEs and be useful for their long-term future development. The study was conducted in 2017–2020 based on data from 403 SMEs. The PAPI method was used to collect data. The implications between defined variables controlling, ROA, turnover, financial analysis, and strategic management were explained, and the results obtained from an in-depth analysis were indicated. The research was concluded by a model of strategic management controlling system tested by experimental in-practice implementation on SMEs and verified. The model and the research findings are suitable for business practice and should support the long-term stability and development of SMEs. ER -
PAVLÁK, Miroslav and Přemysl PÍSAŘ. Strategic management controlling system and its importance for SMEs in the EU. \textit{Problems and Perspectives in Management}. Ukraine: LLC “Consulting Publishing Company “Business Perspectives”, vol.~18, No~3, p.~362-372. ISSN~1727-7051. doi:10.21511/ppm.18(3).2020.30. 2020.
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