Influence of Modern Process Performance Indicators on Corporate Performance — the Empirical Study

Sahni

Engineering Management in Production and Services

2019

The research study aims to evaluate the precision of the measurement system using Gauge R&R. An experimental research design adopting a positivist empirical approach with deductive strategy was followed to assess the effectiveness of Crossed Gauge R&R technique for validating a measurement system using destructive testing. Crossed Gauge R&R technique in Minitab was found to be highly effective in quantifying different components of measurement variation relative to process variation. Clue generation from the Crossed Gauge R&R study combined with manufacturing and measurement process know-how helped in identifying and eliminating the root causes for measurement variation. Overall Crossed Gauge R&R proved successful in validating the burst strength test equipment. However, it should be noted that manufacturing and test equipment played an equally important part in developing and executing the gauge R&R study and accurately analysing the results. So, Crossed Gauge R&R should be used as an aid rather than the solution for measurement system validation.

Section: Literature Reviewmentioning

confidence: 99%

Validating a destructive measurement system using Gauge R&R — a case study

Sahni

Engineering Management in Production and Services

2019

“…This was supported by the work of Esokomi and Otuya (2020) in the study of the impact of financial re-engineering on the financial performance of Kenyan cooperative societies as a service organisation. Sujová, Marcineková, and Simanová (2019) introduced the increasing pressure of globalisation impacting on corporate performance and resulting into a more positive Return on Equity (ROE). The study went further to recommend using modern process indicators for better financial performance.…”

Section: Empirical Review -Financial Re-engineering and Financial Per...mentioning

confidence: 99%

Financial Re-Engineering and Financial Performance of Poultry Business in Nigeria

Dada¹,

Akintoye²,

Alawode³

2023

EJAAFR

The poultry industry as the largest employer of labour in the organised private sector and contributes 25% to Nigeria GDP. Previous studies had not adequately been able to integrate the process of capturing performance of poultry business using the balanced scorecard performance pillars. Thus, this study examined the impact of financial re-engineering on corporate performance and the sub-variables of the poultry business in Nigeria. The study used survey research. 4,324 active farmers and major stakeholders in the poultry industry from Nigeria's six geopolitical zones made up the study's population. The Taro Yamane sample size formula was used to determine the sample size of 450 with a response rate of 84%. The range of the constructs' Cronbach's alpha reliability coefficients was 0.87 to 0.95. The data were analyzed using descriptive and inferential (multiple regression) analysis with a 5% level of significance. The findings revealed that all financial re-engineering proxies had a significant effect on financial performance (Adj. R2= 0.535, F(5,379) = 87.901, p < 0.05).The study concluded that the study concluded that financial re-engineering has significant effect on financial performance of the poultry business while the lag in the adoption of modern technology including the usage of artificial intelligence and robotics reflected in sub-optimal performance which need be focused for effective asset utilisation. The study recommended the introduction of standards that will aid the starting point of using financial results to drive the business and make credit availability easier in support of various government and non-governmental aids and grants.

Business, Management and Economics Engineering

“…Research results confirmed a positive influence of changes in business processes on corporate performance (Remeň & Sujová, 2018). To reach higher performance is possible by using modern process methods and indicators (Sujová et al, 2019).…”

Section: Introductionmentioning

confidence: 99%

Management Models of Changes – The Empirical Study in Slovak Companies

Sujová

Simanová

2022

Self Cite

Purpose – Change management depends on the type and extent of the implemented change. The aim of the paper is to identify management model of changes in Slovak enterprises and to define conditions of effective change management for the prevailing type of changes. Research methodology – The main method of the research was primary quantitative research via questionnaires. Outputs from the questionnaires were evaluated by statistical methods, pivot tables, and chi-square test. Findings – Slovak enterprises apply functional approach to change management based on financial improvement. Mostly performed changes are operative. The success of changes can increase focus on improvement of internal processes, force field optimization and project elaboration via log frame. Research limitations – The limitations of the research consist in a chosen quantitative method which doesn’t enable discovery of a qualitative and psychological sides of managing changes and the research sample including mostly small sized enterprises in Slovakia. Practical implications – The detected conditions of an effective change management can inspire the enterprises to increase the success by implementation of changes. Originality/Value – New empirical knowledge concerning change management in the practise of Slovak enterprises, identification of the applied model by managing the changes and conditions for an effective management of changes.