The Basic Characteristics of Successful Business Strategy

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F49777513%3A23510%2F11%3A43896450" target="_blank" >RIV/49777513:23510/11:43896450 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
The Basic Characteristics of Successful Business Strategy
Original language description
This article shows the need of using an exact treated business strategy for reaching competitive advantage and thus creating value in the firm. The exact standard steps of strategy formulation, implementation and evaluation are to be performed in the whole firm's organism, even at the process' level. But the firm cannot rely only on exact executing of given proceedings. To keep flexibility to respond to environmental development there is necessary to check continuously the correctness of approved business strategy. Beside the "hard" measures, such as financial indicators or values given in firm's technical standards, the "soft" measures gain importance in securing the growth of the firm's performance. Several tools of testing the correctness of business strategy performance are presented in the content of this article
Czech name
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Czech description
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Publication year
2011
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Annals of DAAAM for 2011 & Proceedings of the 22nd International DAAAM Symposium "Intelligent Manufacturing & Automation: Power of Knowledge and Creativity"
ISBN
978-3-901509-83-4
ISSN
1726-9679
e-ISSN
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Number of pages
2
Pages from-to
1383-1384
Publisher name
Danube Adria Association for Automation & Manufacturing
Place of publication
Vienna
Event location
Vienna
Event date
Nov 23, 2011
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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