Construction of a Business Framework based on Synergies in International Corporate Sphere

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F17%3A63516883" target="_blank" >RIV/70883521:28120/17:63516883 - 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

Construction of a Business Framework based on Synergies in International Corporate Sphere

Original language description

The paper develops and proposes a strategic business framework (model) based on synergy effects of the most frequently used business models within selected management systems. The main assumption is that the proposed strategic framework shall be designed to address particular needs of each company in order to stay effective in future and improve overall performance including identification of main weaknesses and taking corrective measures. After reviewing and analysing selected business models that have been identified in research as well as practitioner-oriented journals of leading management and business spheres available within the Web of Science electronic database, a list of general characteristics of essential business elements important for each company to be installed into its business model is defined. A focus is laid upon those business models and their elements that have seemed to gain attention by a large number of companies all over the world so far and have been used frequently. These companies do not usually copy or imitate a business model that has proved to become successful elsewhere. They usually create its particular business model having a clear strategy on which elements should be embedded in it. The majority of successful companies use components within their business models that influence overall high performance, and, therefore, they are analysed in detail in order to serve as a basis of a construction of proposed business framework. All the requirements of enterprises are included in the framework that is designed to support companies in reviewing their performance measurement and management systems and enabling their effective use. Companies may use it to evaluate and improve their performance and through its easy application they can support continuous improvement of their performance management and measurement practices. The paper concludes by noting the limitations of the research and suggesting areas for further research.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

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OECD FORD branch

50206 - Finance

Project

<a href="/en/project/GP14-18597P" target="_blank" >GP14-18597P: Creating Strategic Performance Model Framework Based on Utilization of Synergy Effects of Selected Management Systems</a><br>

Continuities

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year

2017

Confidentiality

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

Article name in the collection

Proceedings of the 13th European Conference on Management, Leadership and Governance

ISBN

978-1-911218-63-0

ISSN

2048-9021

e-ISSN

neuvedeno

Number of pages

9

Pages from-to

18-26

Publisher name

Academic Conferences and Publishing International Limited

Place of publication

London

Event location

Londýn

Event date

Dec 11, 2017

Type of event by nationality

WRD - Celosvětová akce

UT code for WoS article

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