Přístupnostní navigace
E-přihláška
Vyhledávání Vyhledat Zavřít
Detail publikace
REŽŇÁKOVÁ, M. STRNADOVÁ, M.
Originální název
Factors affecting business performance in the open economy
Typ
článek ve sborníku ve WoS nebo Scopus
Jazyk
angličtina
Originální abstrakt
The international trade and the cross-border movement of capital, which are main factors of globalisation, puts pressure on strengthening the competitiveness and growth of business performance, as well as eliminating inefficient processes. In particular, this pressure affects enterprises operating in an open economy, such as the Czech Republic. It is the export of machinery and transport equipment that has the highest share in total export. For the firms operating in this sector it is vital to identify the value drivers, i.e. key performance indicators contributing to value creation. Based on the undertaken literature research, a value driver is each factor affecting the value of the business. Quantitative value drivers are mostly financial indicators; qualitative value drivers represent quality of company management. Effective performance management requires eliminating processes, which may jeopardise the business value growth. According the previous research, factors reducing the business value include the lack of capital, lack of strategic management systems and poor quality of production. In order to gain further insight into the topic, the paper presents the results of the research identifying factors adversely affecting the performance of mechanical engineering enterprises in the Czech Republic. The collection data took place through a questionnaire survey among company senior managers. The research results show that the factors representing the highest risk for the performance and value of businesses include the incompetence of management staff and the failure to respect customer requirements.
Klíčová slova
value drivers, financial ratios, non-financial indicators, threats of performance, mechanical engineering companies
Autoři
REŽŇÁKOVÁ, M.; STRNADOVÁ, M.
Vydáno
30. 10. 2017
Nakladatel
University of Zilina, The Faculty of Operation and Economics of Transport and Communications
Místo
Rajecke Teplice
ISBN
978-80-8154-212-1
Kniha
GLOBALIZATION AND ITS SOCIO-ECONOMIC CONSEQUENCES
Číslo edice
1
Strany od
2167
Strany do
2174
Strany počet
8
URL
http://ke.uniza.sk/sites/default/files/content_files/part_i_final_3.pdf
BibTex
@inproceedings{BUT141400, author="Mária {Režňáková} and Michala {Strnadová}", title="Factors affecting business performance in the open economy", booktitle="GLOBALIZATION AND ITS SOCIO-ECONOMIC CONSEQUENCES", year="2017", number="1", pages="2167--2174", publisher="University of Zilina, The Faculty of Operation and Economics of Transport and Communications", address="Rajecke Teplice", isbn="978-80-8154-212-1", url="http://ke.uniza.sk/sites/default/files/content_files/part_i_final_3.pdf" }