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Verification of Strategic Management Process Model in SME into Practice

The result's identifiers

  • Result code in IS VaVaI

    <a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43310%2F18%3A43914309" target="_blank" >RIV/62156489:43310/18:43914309 - isvavai.cz</a>

  • Result on the web

    <a href="https://uni.uhk.cz/hed/site/assets/files/1072/proceedings_2018_2.pdf" target="_blank" >https://uni.uhk.cz/hed/site/assets/files/1072/proceedings_2018_2.pdf</a>

  • DOI - Digital Object Identifier

Alternative languages

  • Result language

    angličtina

  • Original language name

    Verification of Strategic Management Process Model in SME into Practice

  • Original language description

    Implementing the principles of strategic management into business processes improve decision-making, reduce cost, increase productivity and overall performance of business. Nevertheless, this area is in practice deeply underestimated, especially in small and medium-sized entrepreneurship, in which strategic management is often confused with operational and tactical management. The main goal of paper is to verify the validity of strategic management process model in small and medium-sized entrepreneurship into practice. The model derives from previous research activities that identify strengths and weaknesses in strategic management process of SMEs and optimizes the whole process. The model is simulated on the example of selected SME based on restrictive criteria. The main research methods used in this paper are case study, personal interviewing, financial analyzing, modelling and simulating. The simulation of proposed model into practice verified its validity into practice and showed that its implementing into business could optimize and improve the whole processes and explored the area in small and medium-sized entrepreneurship.

  • Czech name

  • Czech description

Classification

  • Type

    D - Article in proceedings

  • CEP classification

  • OECD FORD branch

    50204 - Business and management

Result continuities

  • Project

  • Continuities

    S - Specificky vyzkum na vysokych skolach

Others

  • Publication year

    2018

  • Confidentiality

    S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Data specific for result type

  • Article name in the collection

    Hradec Economic Days 2018: Double-blind peer reviewed proceedings of the international scientific conference. Volume 8, part 2

  • ISBN

    978-80-7435-701-5

  • ISSN

    2464-6059

  • e-ISSN

    2464-6067

  • Number of pages

    12

  • Pages from-to

    346-357

  • Publisher name

    Univerzita Hradec Králové

  • Place of publication

    Hradec Králové

  • Event location

    Hradec Králové

  • Event date

    Jan 30, 2018

  • Type of event by nationality

    WRD - Celosvětová akce

  • UT code for WoS article

    000449443600034