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
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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
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50204 - Business and management
Result continuities
Project
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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