Strategic management controlling system and its importance for SMEs in the EU

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. AcknowledgmentThe paper has been prepared within the project “Risk Management in Industry 4.0” (7427/2019/02 IGA VŠFS) using the objective oriented support for specific university research of the University of Finance and Administration.

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Auditing and controlling as a tool for sme marketing risk management

Marketing and Management of Innovations ◽

10.21272/mmi.2021.1-17 ◽

2021 ◽

pp. 225-235

Author(s):

Vaclav Kupec ◽

Premysl Písar

Keyword(s):

Risk Management ◽

Corporate Culture ◽

Experimental Testing ◽

The European Union ◽

Term Stability ◽

Long Term Stability ◽

Business Environments ◽

Marketing Risk ◽

The Individual

The current hyper-competitive environment, rapid marketing tools, and modern techniques provide many opportunities for small and medium-sized businesses. Such opportunities could bring much in the way of rewards both for the individual companies and the wider economy. However, there are many threats associated with these business environments which cannot be overlooked. Small and medium-sized businesses are a significant stabilizing economic power within the European Union. Therefore, it is not surprising that small and medium-sized businesses competitiveness and their long-term stability are vital factors for European cohesion and development. This research aims to analyze risk management within small and medium-sized businesses, identify critical risk factors, and develop risk management, which could be applied to small and medium-sized businesses. The authors analyzed risk management's consequences and explained the variables as follows: ROA, Auditing, Controlling Management, Marketing, and Corporate Culture. Based on the research findings, the goal was to increase their interaction effectiveness, focusing on small and medium-sized businesses long-term stability and competitiveness. For achieving these aims, the paper provides two research questions and designs three hypotheses. This research was conducted from 2017 to 2020 on sample n = 432 EU small and medium-sized businesses. The reached data were analyzed by statistical method and experimental «in practice» testing. Based on the result and its experimental testing, a marketing risk management model was designed, tested, and verified using practical methods. This model could be used for the identification and avoidance of potential risks when developing a marketing strategy. The findings reached should be used to advance research and similarly for practical use within the business sphere.

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The Egyptian Mummy “Hori”: a conservation assessment of Brazil’s Museu Nacional’s Egyptian Mummy “Hori” for Exhibition

Journal of Biological Research - Bollettino della Società Italiana di Biologia Sperimentale ◽

10.4081/jbr.2005.10126 ◽

1970 ◽

Vol 80 (1) ◽

Author(s):

Debra K. Meier ◽

Karl Jan Reinhard ◽

Sheila Mendonça de Souza

Keyword(s):

Conservation Assessment ◽

Egyptian Mummy ◽

Term Stability ◽

Long Term Stability ◽

State Museum ◽

The Usa ◽

The University ◽

Types Of Change

Mummies are often excavated from dry tombs in xeric countries and transported to humid exhibits in mesic countries. When this happens, specific changes are likely to occur that threaten the long–term stability on mummies. We review our experiences in the University of Nebraska State Museum in the USA and the Museu Nacional in Brazil with regard to Andean mummies. We have observed several types of change that damages mummies. In some cases moisture is absorbed by the mummy and weakens brittle tissues. In other cases, moisture exudes from the mummies. In a few cases, decomposition occurs and necessitates intervention. The threats of humid museums are summarized and recommendations made for preserving mummies.

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