scholarly journals Business Performance in the Context of Corporate Culture

2016 ◽  
Vol 24 (37) ◽  
pp. 33-38
Author(s):  
Petra Haršányová ◽  
Jaromíra Vaňová ◽  
Miloš Čambál
Keyword(s):  
Corporate Culture ◽  
Business Performance ◽  
Company Performance ◽  
A Company

Abstract Corporate culture is defined as a set of ideas, attitudes, values and behaviour patterns, which are generally accepted and preferred in a company. Company performance is the company’s ability to achieve the best results through an evaluation of its assumptions. The article is focused on identifying factors in corporate culture, which changes can increase working satisfaction of employees through targeted shaping of corporate culture, which is ultimately reflected in the performance of the company as a whole.

The Measures of Performance for World Class Manufacturing Practices: A Critical Review

2015 ◽  
Vol 761 ◽  
pp. 545-549 ◽  
Author(s):  
Lukman Sukarma ◽  
Hafizah Azmi
Keyword(s):  
Performance Indicators ◽  
Critical Review ◽  
Critical Analysis ◽  
Business Performance ◽  
Company Performance ◽  
Manufacturing Performance ◽  
World Class ◽  
A Company ◽  
Measures Of Performance ◽  
World Class Manufacturing

As a continuation of the previous paper by the same authors, this article presents a critical analysis on how companies practicing world class manufacturing (WCM) have to modify their ways of measuring performance in their efforts to attain manufacturing excellence. In doing so, implications of implementing WCM methods in measuring company performance are elaborated. While business performance depicts a company's ability to satisfy customers' needs, hence customers mostly perceive their measurement; manufacturing performances can be used as yardsticks to assess the effectiveness of its resources to satisfy the customer. This paper proposes 15 manufacturing performance as key performance indicators for a company pursuing WCM.

scholarly journals Effect of Customer Satisfaction on Company Performance

2015 ◽  
Vol 63 (3) ◽  
pp. 1013-1021 ◽  
Author(s):  
Petr Suchánek ◽  
Maria Králová
Keyword(s):  
Customer Satisfaction ◽  
Business Performance ◽  
Company Performance ◽  
Factors Affecting ◽  
Product Comparison ◽  
Specific Factors ◽  
The Subject ◽  
The One ◽  
Competitive Products ◽  
A Company

The subject of this article is customer satisfaction and its impact on company performance through satisfaction with its products, including a comparison with the competition. Research was conducted in search of factors which affect customer satisfaction on the one hand and the performance of the company on the other hand. We constructed a model explaining what specific factors (affecting customer satisfaction) have an impact on the performance of a company. This model can help management to better run the business and achieve higher performance. The article is based on research that focused on companies in the food industry in Czech Republic and on their customers. First, we found the financial performance of surveyed companies (based on indicators ROA, ROE and assets turnover) and on this basis they have been divided on companies efficient and inefficient. Furthermore factors were identified (based on previous research of authors) that have an impact on customer satisfaction (among these factors include product quality, customer requirements for product, comparison with competitive products, etc.). With the use of non-parametric statistical methods, logistic regression and discriminant analysis was analyzed, what factors affecting customer satisfaction also affect business performance.

scholarly journals Competence development and performance among Swedish micro firms

2014 ◽  
Vol 38 (3) ◽  
pp. 162-179 ◽  
Author(s):  
Darush Yazdanfar ◽  
Saeid Abbasian ◽  
Carina Hellgren
Keyword(s):  
Training Program ◽  
Business Performance ◽  
Competence Development ◽  
Seemingly Unrelated Regression ◽  
Company Performance ◽  
Business Training ◽  
Content Type ◽  
Performance Variables ◽  
The Relationship ◽  
A Company

Purpose – This study examines the association between performance and competence development among Swedish micro firms, measured as number of hours per person a company allocates annually to competence development. Design/methodology/approach – A panel dataset consisting of around 395 firms will be analyzed using seemingly unrelated regression-model (SUR-model) for relationships between the hours allocated to competence development and various proxies for business performance, and the relationship between attending a business training program and various proxies for business performance. Findings – The empirical results are mixed showing a positive association between owners' attendance on a business training program and company performance merely with regard to four performance variables: better job satisfaction within a company, increased number of employees, organizational improvements and increased exports. However, the findings provide no evidence to suggest that there is a link between competence development and other performance variables. Practical implications – The present study provides a better understanding of the relationship between company performance and competence development. An investment in entrepreneur training and education could ensure the improvement of the performance of micro firms. This implication is especially relevant to firms in such industries as the service sectors, which are highly competitive. Originality/value – This study is based on a unique sample including many relevant variables, compared to previous researches. To the authors' best knowledge, this study is the one of the first empirical investigations focusing on this issue in the Swedish context.

scholarly journals Employee Well-Being Becomes Top Priority

2021 ◽  
Vol 04 (11) ◽  
Author(s):  
Christine Reidhead ◽  
Keyword(s):  
Corporate Culture ◽  
Well Being ◽  
Workplace Culture ◽  
Company Performance ◽  
Employee Morale ◽  
Corporate World ◽  
A Company ◽  
Performance Research ◽  
Equality And Diversity

With the increasing complexity of corporate culture where we talk about equality and diversity, it becomes imperative that we care for employee well-being in an organization. Employees are the most important asset for a company and their well-being eventually brings profit for the organization. This study is to analyse the factors responsible for measuring the employee well-being and how it is related to company performance. Research would also emphasize different practices in corporate world impacting employee morale and in turn well-being. The study will also include the retention programs and their benefit for overall growth and development of human resources. Workplace culture has also been studied here to determine its impact on long-term development of employees working in different organizations.

THE EFFECT OF CORPORATE GOVERNANCE AND CORPORATE CULTURE ON FIRM MARKET VALUE TO IMPROVE FINANCIAL PERFORMANCE

2020 ◽  
Vol 1 (6) ◽  
pp. 930-940
Author(s):  
Fathiyah Fathiyah ◽  
Mufidah Mufidah
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Corporate Culture ◽  
Boards Of Directors ◽  
Audit Committee ◽  
Stock Exchange ◽  
Descriptive Analysis ◽  
Market Value ◽  
Company Performance ◽  
Financial Company

The purpose of this research is to analyze the effect of corporate governance and corporate culture  on firm market value to improve financial performance. Corporate governance  is measured by audit  committee,boards of directors, board meeting and nomination . Corporate culture is measured by Corporate culture promotion While financial  company performance is measured by return on assets.  This research was conducted on companies listed on the Indonesia Stock exchange on indexed LQ 45 for period of 2016-2018. The sample was selected for 25 companies. The method of analysis uses associate descriptive analysis with  path analysis. Based on the results of the study found that corporate governance and culture promotion indirectly effect on financial performance with firm market value as intervening variable.

scholarly journals Comparison of the Significance of Clusters for Increasing Business Performance

2020 ◽  
Vol 12 (3) ◽  
pp. 172-189
Author(s):  
Eva Stichhauerova ◽  
Miroslav Zizka ◽  
Natalie Pelloneova
Keyword(s):  
Business Performance ◽  
Data Envelopment ◽  
Company Performance ◽  
Positive Relation ◽  
The Czech Republic ◽  
Cluster Membership ◽  
Cluster Group ◽  
The Impact ◽  
The Given ◽  
Positive Effect

This article focuses on the impact of clusters on performance in five selected industries. Focused on increasing the competitiveness of regions and enterprises, clusters are currently considered one of the most essential tools of industrial policy. This includes the Czech Republic, where cluster initiatives have been systematically supported since 2004 by operational programmes. The goal of this research was to determine whether cluster organizations have a positive effect on the performance of their member enterprises in various industries. Another goal was to verify the relation between the financial and innovative performance of the member enterprises. The research was carried out on a sample of five clusters in the automotive, IT, furnituremanufacturing, packaging and machinery industries, with Data Envelopment Analysis used for this performance evaluation. The enterprises were divided into three groups: companies that are members of cluster organizations, companies that are active in the same region and industry but are not members of a cluster group, and companies from the respective industry that operate outside the region of the given cluster. The results of the study indicate that in four industries (automotive, IT, packaging, machinery), member companies of cluster organizations achieve better results than non-members or firms active in other regions. On the other hand, it was not possible to prove a positive relation between company performance and their registered industrial rights, neither from the perspective of cluster membership nor their activity in the respective industry and region.

scholarly journals The Role of Business Ethics in the Relationship between Market Orientation and Business performance

2015 ◽  
Vol 4 (1) ◽  
pp. 70-94
Author(s):  
Gusti Oka Widana ◽  
Sudarso K Wiryono ◽  
Mustika S Purwanegara ◽  
Mohamad Toha
Keyword(s):  
Business Ethics ◽  
Market Orientation ◽  
Business Performance ◽  
Islamic Banks ◽  
Managerial Implication ◽  
Strategic Actions ◽  
Islamic Business Ethics ◽  
The Relationship ◽  
A Company

The positive of impact of market orientation toward business performance of a company is a common wisdom in the marketing literatures. Hence the prior studies recommend that the connection will depend on other strategic actions. In this regards, this study tries to assess the construct of business ethics as the precedent of market orientation in the context of Indonesia Islamic banks. Upon assessing data using SmartPLS, this study finds that market orientation is the determinant of business performance and Islamic business ethics is the precedent of market orientation. However, market orientation is not effective as the mediator in the relationship between Islamic business ethics and business performance. The discussion of this finding is provided as well as the managerial implication at the end of this paper.

scholarly journals DECLARATION OF CORPORATE VALUES BY MANAGERS AS A TOOL FOR ORGANISATIONAL PERFORMANCE MANAGEMENT

2012 ◽  
Vol 3 (1) ◽  
pp. 120-125
Author(s):  
Jaromíra Vaňová ◽  
Zdenka Gyurák Babeľová
Keyword(s):  
Performance Management ◽  
Corporate Culture ◽  
Cultural Norms ◽  
Company Performance ◽  
Corporate Values ◽  
Industrial Enterprises ◽  
Multicultural Environment ◽  
Sustainable Performance ◽  
And Performance ◽  
Performance Satisfaction

Care of corporate culture formation is a prerequisite for corporate values promotion. Cultural norms and system of values provide an orientation to company members during managing and reviewing their behaviour and decision-making with regard to business objectives. If managers will accept corporate culture and values, and exemplary declare adopted values, it will influence satisfaction and performance of employees and also company performance. The contribution is a part of research project VEGA 1/0787/12 “The identification of sustainable performance key parameters in industrial enterprises within multicultural environment”. It is based on research realized in conditions of business practice in Slovakia. Article focuses on how are set, reviewed and promoted corporate goals and values in companies in Slovakia. There are presented introductory information related to company and employees’ performance and their relation to the corporate culture. The research was focused on reviewing how managers, through they acting in compliance with company mission and vision influence attitudes of employees. The contribution discusses the effect, which company can have from such a declaration of corporate values by managers in company. Therefore, in the article are presented, not only outcomes of this research, but also experience and recommendations of authors. Key words: corporate culture, employees, performance, satisfaction.

scholarly journals El impacto de los servicios financieros y la capacitación de las MIPYMES de Costa Rica (The impact of financial services and managerial Training on Costa Rica SMEs)

2014 ◽  
Vol 8 (1) ◽  
pp. 19 ◽  
Author(s):  
Ricardo Monge González ◽  
Juan Antonio Rodríguez Álvarez
Keyword(s):  
Costa Rica ◽  
Financial Services ◽  
Medium Size ◽  
Company Performance ◽  
Access To Credit ◽  
Managerial Training ◽  
El Sistema ◽  
Training Courses ◽  
The Impact ◽  
A Company

<p>Este trabajo estima el impacto de los servicios financieros (diferentes del crédito) y los cursos de capacitación de corto plazo sobre las ventas reales, número de empleados, grado de formalización y acceso al crédito en el sistema financiero formal, de un conjunto de micro, pequeñas y medianas empresas clientes de una entidad de microfinanzas que opera en Costa Rica. Para ello, se emplea un panel de datos de cinco años (2006 a 2010) y modelos econométricos que tratan de controlar por atributos de las empresas, tanto observables como no observables, que afectan el desempeño de las variables sobre las cuales se mide el impacto. Los resultados señalan que aquellas empresas que recibieron servicios financieros diferentes del crédito lograron aumentar más el valor de sus ventas y el empleo, y también mejoraron su grado de formalización (aunque este resultado es débil estadísticamente), cuando se las compara con aquellas que no obtuvieron acceso a este tipo de financiamiento. Además, parecería ser que las garantías de participación y cumplimiento son el instrumento financiero que más impacta en forma positiva el desempeño de estas empresas. Por otra parte, no se obtuvo evidencia de que los servicios de capacitación de corta duración tuvieran algún impacto sobre el desempeño de estas empresas. Con base en todo lo anterior se plantean varias recomendaciones de política.</p><p> </p><p><strong>Abstract </strong></p><p>This paper considers the impact that financial services other than credit, and short term training courses have on total sales, employee number, level of formalization and access to credit in the regular financial system for a group of micro, small and medium size enterprises that are clients of a micro financing entity operating in Costa Rica. With this aim, data collected over five years (2006 to 2010), and econometric models that monitor a company`s performance by visible and non-visible attributes affecting measuring variables were used. Results show that the companies that received financial services other than the credit itself increased sales and employment more , and also improved their level of formalization (although the latter is statistically weak), when compared to others that did not had access to this type of financing. Also, it seems that participation and compliance guarantees are the most impacting financial instrument on company performance. On the other hand, no evidence was obtained about short training courses had any impact on company performance. Finally, some policy changes are recommended.<strong><br /></strong></p>

Developing Risk Skills: An Investigation of Business Risks and Controls at Prudential Insurance Company of America

2001 ◽  
Vol 16 (2) ◽  
pp. 291-313 ◽  
Author(s):  
Paul L. Walker ◽  
William G. Shenkir ◽  
C. Stephen Hunn
Keyword(s):  
Risk Assessment ◽  
Corporate Culture ◽  
Life Insurance ◽  
Control Environment ◽  
Insurance Company ◽  
Special Committee ◽  
Business Professionals ◽  
Poor Control ◽  
Assurance Services ◽  
A Company

The Prudential Insurance Company was involved in the largest life insurance churning scam of the 1980s and early 1990s. At the time, Prudential had weak business controls, and its corporate culture was characterized as ineffective and loose. However, this scandal is rooted in something deeper than a poor control environment. Prudential was a company facing several risks; many company decisions allowed these risks to have a dramatic impact on the company. As a result, its weak control environment came to the forefront, allowing the churning scam to reach its record levels. This case demonstrates the value of identifying and assessing risks in an organization. Further, the case demonstrates how to build control solutions to match the risks. Learning how to manage risks is a valuable skill for business professionals. In fact, the AICPA's Special Committee on Assurance Services (AICPA 1997), also known as the Elliott Committee, identified risk assessment as one of the emerging assurance services offered by CPAs.

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