The Significance of Controlling in Enterprises in Emerging Economies

Sedliačiková, Mariana; Moresová, Mária; Drábek, Josef; Kupčák, Václav

doi:10.18267/j.cebr.289

Cited by 4 publications

(3 citation statements)

References 31 publications

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“…General agreement with consulting companies is negatively related to product innovations. This result is in line with the research of Benčiková et al [47], which proved that t inclusion in a global corporate environment will increase cultural intelligence as well as internal processes like controlling [48,49] investigated enterprises. Manufacturers introduce new processes because of knowledge transfers from consultants and vendors.…”

Section: Itsalessupporting

confidence: 90%

Participation of Bulgarian Furniture Manufacturing in Global and Local Value Chains as a Factor Supporting Their Innovation Activities

Georgieva,

Neykov,

Barčić

et al. 2023

Sustainability

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Innovations can offer key advantages to companies, but in some EU regions, the design and development of innovation measures are still relatively novel concepts. The aim of this study was to analyze the collaborations of innovative Bulgarian furniture manufacturers with external stakeholders and the used information channels as factors for the development and implementation of innovation and participation in global value chains over their innovation activities. Out of 3890 Bulgarian companies, the number of companies included in the target group was further reduced to 85 firms due to missing information on some variables. The data for the present study were collected using a large-scale questionnaire distributed on the spot during the months of March and April 2022. Logistic regression was used to reveal the real contribution of the collaborations and the information sources to the ability of companies to innovate. The research results indicated that in Bulgaria, the furniture sector is not considered very innovative, and Bulgarian furniture manufacturing companies do not rely on collaboration with the IT and mechatronics sectors. These companies do not want to participate in GVCs, as they refer to them in relation to supply chains. Therefore, they are less dependent on chain shocks. Companies prefer to hide their innovations for further protection, which might be the reason for the lack of cooperation between the furniture manufacturing companies and academia, NGOs, and other relevant institutions. The findings of the study contribute to new insights into the literature on the participation in GVCs as a factor for collaboration with different stakeholders and hence for product and process innovation development within the furniture industry companies.

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Section: Itsalessupporting

confidence: 90%

Participation of Bulgarian Furniture Manufacturing in Global and Local Value Chains as a Factor Supporting Their Innovation Activities

Georgieva,

Neykov,

Barčić

et al. 2023

Sustainability

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“…This integration is likely a direct response to the need for agility and informed decision making, as businesses seek to navigate and adapt to the new normal established by the pandemic [40]. The prominence of "Business Management" as a central theme indicates a recognition that managing the future of businesses requires a harmonious blend of established practices and innovative, data-centric technologies [66].…”

Section: Evolution Mapmentioning

confidence: 99%

Leveraging Business Intelligence Systems for Enhanced Corporate Competitiveness: Strategy and Evolution

Jiménez-Partearroyo,

Medina-López

2024

Systems

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This study contextualizes the transformative role of Business Intelligence (BI) over the past two decades, emphasizing its impact on business strategy and competitive advantage. Employing a dual-method approach, it integrates a bibliometric analysis using SciMAT with a qualitative examination of six key articles from the Web of Science (WoS), analyzed through the Gioia methodology, focusing on BI and competitiveness. The aim is to examine the metamorphosis of Business Intelligence (BI) and how it has evolved from a traditionally supporting role to a central strategic player in shaping corporate strategy and business competitive advantage over the past two decades. It discusses the overall transformation of BI and provides an in-depth examination of the specific ways in which Business Intelligence tools have redefined the landscape in contemporary business practices. Key findings reveal BI’s pivotal role in enhancing knowledge management, innovation, and marketing capabilities. Challenges in BI implementation, such as the necessity for skilled personnel and adaptability to swift technological shifts, are also highlighted. Results advocate for a dynamic BI approach, adaptable to market trends and technological evolutions. The research demonstrates that BI tools, especially when integrated with technologies like AI, IoT, and machine learning, significantly enhances decision making and efficiency in socio–technical and management systems, leading to a paradigm shift in handling complex systems and adapting to changing environments.

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“…El control financiero es el subsistema dominante de un sistema de información porque es necesario para las MPE (micro y pequeñas empresas) en términos de las decisiones diarias de los gerentes. El sistema de información de control permite a los gerentes de las MPE tomar decisiones gerenciales óptimas en tiempo real en áreas funcionales individuales de la gestión empresarial (Sedliačiková et al, 2021).…”

Section: Estrategias Autoresunclassified

Revisión sistemática de literatura sobre estrategias implementadas por los micronegocios para su subsistencia

Solarte¹,

Pupiales²,

Delgado³

et al. 2023

RTend

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El objetivo del artículo, es analizar las estrategias implementadas por los micronegocios para su subsistencia, y así identificar importantes brechas de estudio para investigaciones futuras. Como metodología, se elaboraron preguntas de investigación, se verificaron artículos en bancos de datos científicos durante los años 2017 a 2022, se seleccionaron 50 que eran pertinentes y se realizó la evaluación de calidad. El examen deja observar que gran parte de las investigaciones muestran una sola estrategia sin tener en cuenta otras acciones que serían de importancia para los micronegocios. Se obtiene como resultados, estrategias que necesitan los micronegocios, como que los bancos se comprometan a ofrecer una amplia variedad de asistencia para manejarlos de una mejor forma, también, la innovación utilizando diferentes combinaciones de mercados y productos, tiene menor éxito que las actividades que hacen énfasis en minimizar las mezclas de tecnología, mercado y servicios. Como conclusión, es necesario que los micronegocios propongan actividades para lograr ventajas, optimizar la auditoría interna y la contabilidad, para tomar decisiones correctas. Este estudio puede ser una referencia para los propietarios de micronegocios en mercados emergentes. Se desarrollan estrategias novedosas que podrían ayudar a los micronegocios a su sostenibilidad.

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The Significance of Controlling in Enterprises in Emerging Economies

Cited by 4 publications

References 31 publications

Participation of Bulgarian Furniture Manufacturing in Global and Local Value Chains as a Factor Supporting Their Innovation Activities

Participation of Bulgarian Furniture Manufacturing in Global and Local Value Chains as a Factor Supporting Their Innovation Activities

Leveraging Business Intelligence Systems for Enhanced Corporate Competitiveness: Strategy and Evolution

Revisión sistemática de literatura sobre estrategias implementadas por los micronegocios para su subsistencia

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