Innovation and information business processes and their impact on the business performance of industrial companies in Slovakia

2018 ◽  
Vol 4 (10) ◽  
pp. 280-289
Author(s):  
Rastislav Rajnoha
Keyword(s):  
Business Performance ◽  
Process Management ◽  
Business Processes ◽  
P Value ◽  
Return On Equity ◽  
Wood Processing ◽  
Industrial Enterprises ◽  
Industrial Companies ◽  
Strong Focus ◽  
Social And Economic Development

A business entity interested in long-term business, should realise innovations that drive business and are regarded as a tool to maintain competitiveness. A number of studies and research papers show that innovation has a significant role in the social and economic development. This paper focuses on innovation and information processes and their impact on overall business performance of industrial enterprises in Slovakia, mainly from wood-processing, automotive and engineering industries (N = 164). The business performance was expressed through Return on equity (ROE). The results point that these industrial companies from Slovakia have a strong focus on the systematic application of innovation procedures and specific business processes. Companies that use technological innovations achieve above average ROE value more than 7% (statistically significant dependence p-value < 0.05, the alpha level associated with 95% confidence level) and they need a system to formulate how innovation help them to survive and improve their performance. Keywords: Business process management, innovation, business performance, strategic management, industry.

scholarly journals BUSINESS PERFORMANCE MANAGEMENT AND FDI: KEY DIFFERENCES BETWEEN FOREIGN AND DOMESTIC-OWNED FIRMS – A CASE OF SLOVAKIA

2018 ◽  
Vol 19 (1) ◽  
pp. 42-62 ◽  
Author(s):  
Rastislav RAJNOHA ◽  
Martina MERKOVÁ ◽  
Ján DOBROVIČ ◽  
Zoltán RÓZSA
Keyword(s):  
Performance Management ◽  
Direct Investment ◽  
Business Performance ◽  
Foreign Capital ◽  
P Value ◽  
Public Authorities ◽  
Wood Processing ◽  
Industrial Enterprises ◽  
Business Performance Management ◽  
Investment Behaviour

The empirical study defines typical investment behaviour of foreign-owned firms against local firms and highlights benefits and any discrepancies of foreign capital. The paper focuses on industrial enterprises in Slovakia mainly from the automotive, engineering and wood-processing industry (N = 164). Results show the significant dependence of foreign ownership and better business performance compared with domestic firms. The performance was expressed through ROE indicator. Enterprises with the foreign participation of property achieve better performance, most typically with ROE above 10% (p-value &amp;amp;amp;amp;lt; 0.05). The better performance, as well as distinctive feature of intangibles and research &amp;amp;amp;amp; development investments, are typically in foreign-owned firms. Intangibles and R&amp;amp;amp;amp;D as crucial investments do not directly cause better business performance in foreign-owned firms, and we discuss the reasons. The research results offer relevant and interesting implications for managers behaviour, also public authorities as well as motives for further investigation of the business performance management and foreign direct investment issues

Managers Performance Indicators System Management of in the Conditions of Various Business Processes Realization in the Microeconomic Aspect

2016 ◽  
Vol 5 (2) ◽  
pp. 74-79
Author(s):  
Котмышев ◽  
S. Kotmyshev ◽  
Кузнецова ◽  
I. Kuznetsova ◽  
Гагаринский ◽  
...  
Keyword(s):  
Business Process ◽  
Performance Indicators ◽  
Business Process Management ◽  
Work Performance ◽  
Metal Cutting ◽  
Process Management ◽  
Business Processes ◽  
Effective Work ◽  
Industrial Enterprises ◽  
Operational Level

This article discusses the problem of the effective work of managers of industrial enterprises, which is the basis of economic development in modern Russia. The authors suggest that the management of the system of performance indicators in managers in the conditions of realization of various business processes can reduce the risk of crises in the enterprise, and improve the efficiency of labor management and productivity in the company in a whole. According to the authors, improving the efficiency of management in the conditions of implementation of the various business processes of industrial enterprises is an integral element of the overall strategic development of the company. The article presents the results of work performance assessment of managers in the implementation of business process management. In this article there is developed performance business process management on the example of the metal cutting enterprise management levels: the corporate level, the first operational level, the second operational level, and the line level. For these indicators the performers are defi ned and criteria are given.

The Importance of Process Thinking in Business Intelligence

2010 ◽  
Vol 1 (4) ◽  
pp. 29-46 ◽  
Author(s):  
Olivera Marjanovic
Keyword(s):  
Knowledge Management ◽  
Performance Management ◽  
Business Intelligence ◽  
Business Performance ◽  
Process Management ◽  
Business Processes ◽  
Systematic Analysis ◽  
Process Thinking ◽  
Strategy Alignment ◽  
Industry Sectors

The growing field of Operational Business Intelligence (BI) has resulted in increasing interest in BI-supported Business Processes (BPs), including their management and ongoing improvement. This has led BI practitioners to consider another field–Business Process Management (BPM)–that is closely related to business performance management. However, current approaches to the BPM and operational BI integration have been limited and reduced to the problem of technical integration of BPM and BI systems. This paper argues that by adopting process- thinking in BI, further opportunities for business value creation could be discovered through systematic analysis of the non-technical aspects of BI and BPM integration, including strategy alignment, human-centered knowledge management, and ongoing improvement of BI supported processes. The authors propose a theoretical framework founded in the related research in BPM, BI, and Knowledge Management (KM) fields, describing the ways it has been used to guide ongoing empirical research in diverse case organizations across different industry sectors.

The Rating of Confusion in Supply Chain Dynamics in Food Business and Selecting the Most Ideal Capacity Strategy During COVID-19

2022 ◽  
pp. 39-61
Author(s):  
Selçuk Korucuk ◽  
Salih Memiş ◽  
Çağlar Karamaşa
Keyword(s):  
Supply Chain ◽  
Business Performance ◽  
Process Management ◽  
Business Processes ◽  
Supply Chain Performance ◽  
Chain Dynamics ◽  
Effective Manner ◽  
Information Materials ◽  
Supply Chain Dynamics ◽  
Management Functions

Supply chain dynamics are seen as important components that directly affect supply chain performance, business processes, management functions, and efficiency for businesses. Every company in the supply chain needs other businesses to achieve the desired level of supply accurately, with the least cost and in an effective manner. Therefore, supply chain dynamics are seen as important components in terms of increasing competitiveness, increasing business performance, avoiding problems in workflows, and ensuring customer satisfaction, and also play critical roles in the provision of necessary information, materials, and services and improvement of process management. Also, capacity and capacity development strategies have vital importance, and firms need to apply right strategies in order to achieve success.In this study, it is aimed to rank the confusion in the supply chain dynamics and select the most ideal capacity strategy for food establishments with 10 or more employees operating in Giresun province during the COVID-19 process via SWARA and WASPAS methods.

scholarly journals Selected Approaches to Change Management and Logistics in Slovak Enterprises

2018 ◽  
Vol 9 (2) ◽  
pp. 51-60
Author(s):  
Ľubica Simanová ◽  
Renata Stasiak-Betlejewska
Keyword(s):  
Change Management ◽  
Empirical Research ◽  
Business Processes ◽  
Processing Industry ◽  
Return On Equity ◽  
Manufacturing Enterprises ◽  
Wood Processing ◽  
New Methods ◽  
Production Processes ◽  
And Performance

Abstract Competitiveness and performance of businesses today depend on the ability to respond to changes, implementation of new methods, techniques and approaches in the management of business processes, business activities, and logistics. The aim of the article is to present the results of empirical research in the field of change management and implementation of selected approaches in the management of production processes in manufacturing enterprises and in the enterprises of the wood processing industry (WPI) enterprises in Slovakia which affect the level of return on equity (ROE).

scholarly journals MULTICYCLE PRINCIPLE OF ATTRIBUTING THE COST OF SUPPORTING BUSINESS PROCESSES TO COMMODITY PRODUCTION COST IN LARGE INDUSTRIAL ENTERPRISES

2016 ◽  
Vol 2 (1) ◽  
pp. 195-200 ◽  
Author(s):  
Карамышев ◽  
Anton Karamyshev
Keyword(s):  
Production Cost ◽  
Process Management ◽  
Business Processes ◽  
Production Costs ◽  
Accurate Calculation ◽  
Industrial Enterprises ◽  
Commodity Production ◽  
Management Technology ◽  
Complex Relationships ◽  
The Cost

The cost of supporting business processes in industrial enterprises is equal to 15 to 35 percent of its total costs. The process management technology offers new principles for attributing these costs to the costs of goods manufactured. However, the existing attributing methods do not take into account complex relationships between business processes of an enterprise and the problem of closed cycles appearance during allocation of the costs of supporting business processes. Use of the offered multicycle principle of attributing the costs of supporting business processes to commodity production costs allows eliminating the above specified disadvantages. Improvement of the existing methods with reference to this principle enables more accurate calculation of the cost of goods manufactured and take more reasoned management decisions. The article shows an illustrative example of formation of closed cycles in allocation of the costs of supporting business processes, as well as the calculations for multicycle allocation of the costs of supporting business processes to primary business processes.

scholarly journals Management of Business Processes and Export-Import Activity of Industrial Enterprises in the Digital Economy

2021 ◽  
Vol 39 (5) ◽  
Author(s):  
Olha Pyroh ◽  
Maryna Prokopenko ◽  
Liana Chernobay ◽  
Roman Kovalenko ◽  
Yuliia Papizh ◽  
...  
Keyword(s):  
Business Process ◽  
Business Process Management ◽  
Process Management ◽  
Business Processes ◽  
Economic Effect ◽  
Digital Economy ◽  
Industrial Enterprise ◽  
Market Strategy ◽  
Industrial Enterprises ◽  
Key Indicators

In the conditions of the digital economy and integration in the international space, the management of business processes and the formation of a rational sequence of planning such activities are becoming increasingly important for enterprises engaged in export-import activities. The authors investigated the features of business process management of an industrial enterprise and their export-import activity management features. For example, key indicators of efficiency and indicators of productivity of business process of the industrial enterprise, to investigate tendencies of export-import activity of the industrial enterprises are considered.The study allowed to offer tools for business process management and export-import activities of industrial enterprises in the digital economy, namely the Algorithm for the formation of the market strategy of the enterprise to begin the implementation of the export-import activity, the indicator of the integrated economic effect from the export-import activity and the Scenario of management of export-import activity of industrial enterprises in interrelation with the management of business processes, which are used as a basis for strategic and operational planning, and later will be used to control plans.

Management of Business Processes in Industrial Enterprises from Bulgaria Along the Lines of Balanced Scorecard and QPR Process Designer – Practical Conclusions

2016 ◽  
Vol 1 (2) ◽  
pp. 408
Author(s):  
Petia Slavova
Keyword(s):  
Organizational Performance ◽  
Balanced Scorecard ◽  
Process Management ◽  
Business Processes ◽  
High Efficiency ◽  
Financial Analysis ◽  
Industrial Enterprises ◽  
New Business ◽  
Key Factor ◽  
New Methodologies

Processes generate results that the company provides to its customers. Customers outcomes and processes are connected in dependable interaction. The capacity of the company to provide results that customers expect, largely depends on how well managers or business analysts design and manage processes. A key factor to ensure sustainable achievement of the organization's business process management in industrial enterprises from Bulgaria, which inevitably requires continuous measurement of their effectiveness. Ideally, the measurement must be linked to high company goals, to ensure that the processes are oriented towards these goals and assessed according to their contribution to achieving them. On the other side, measurements should be used to assess the performance of individual employees involved in the process. In other words, the high efficiency of the steps (taken as synonymous with the activities in the project context and modeling terminology using software tools) of processes should be rewarded. In a time when resources are more intangible, tangible shift as a tool for value creation, financial analysis of business becomes increasingly insufficient for the establishment of adequate assessment and prognosis. The new business reality provokes appearance of new methodologies to improve the management of business processes, and measuring and managing organizational performance.

scholarly journals PROBLEMS OF STRATEGIC MANAGEMENT OF BUSINESS PROCESSES IN THE CONTEXT OF INTEGRATED DIGITALIZATION OF HIGH-TECH INDUSTRIES

2020 ◽  
pp. 33-40
Author(s):  
N. N. Trofimova
Keyword(s):  
Strategic Management ◽  
Process Management ◽  
Business Processes ◽  
Digital Economy ◽  
High Tech ◽  
Existing Problems ◽  
Industrial Enterprises ◽  
Russian Industry ◽  
Scientific Value ◽  
Management Issues

A study of the problematic issues of strategic management in Russian industry which arise during the digitalization of high-tech industries has been conducted. The research methodology was analytical in nature, with the author`s emphasis on the analysis of business process management of industrial enterprises in Russia at the current stage of transition to the digital economy. In practical terms, this will serve as the basis for creating effective tools for modernizing production processes and optimizing business processes in high-tech industries, based on the use of strategic analysis methods on management issues in the context of complex industrial digitalization. The novelty and scientific value of the work lies in the fact that the result of the study was a reasonable author’s approach to studying the specifics of the digital economy in Russian industry, as well as the development of an algorithm for identifying and solving existing problems of digitalization, taking into account the peculiarities of high-tech industries.

scholarly journals Liquidity, leverage, and solvency: What affects profitability of industrial enterprises the most?

2021 ◽  
Vol 18 (3) ◽  
pp. 249-259
Author(s):  
Maha D. Ayoush ◽  
Ahmad A. Toumeh ◽  
Khaled I. Shabaneh
Keyword(s):  
Stock Exchange ◽  
Control Variable ◽  
Relative Impact ◽  
Return On Assets ◽  
Return On Equity ◽  
Coverage Ratio ◽  
Industrial Enterprises ◽  
Industrial Companies ◽  
Amman Stock Exchange ◽  
Equity Ratio

The purpose of this paper is to show the relative impact of liquidity, leverage, and solvency on profitability of industrial enterprises listed on the Amman Stock Exchange to ascertain which of them has the most effect on profitability. To reach the objectives of this study, 44 Jordanian industrial companies are examined from 2012 to 2018. Return on assets (ROA) and return on equity (ROE) are examined as measures of performance, current ratio and quick ratio as measures of liquidity, debt ratio and debt to equity ratio as measures of leverage, and the interest coverage ratio as a measure of financial solvency. Multiple regression analysis was used to check the hypotheses. A negative and statistically significant impact was found at the 1% level between financial leverage and profitability. At the same time, findings did not show the same for the effect of liquidity and solvency on profitability. In addition, leverage has the highest relative impact among independent variables on profitability, followed by solvency and then liquidity. Moreover, it is indicated that company size is a control variable of the effect between liquidity, leverage, and solvency on performance. Thus, it is concluded that management of industrial companies should reduce dependence on debt to finance companies to achieve the highest possible returns; it is recommended to maintain an acceptable level of liquidity to ensure the continuity of companies and attention to the level of solvency within companies to maintain a high financial performance.

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