Business intelligence as a key information and knowledge tool for strategic business performance management

Rajnoha, Rastislav; Štefko, Róbert; Merková, Martina; Dobrovič, Ján

doi:10.15240/tul/001/2016-1-013

Cited by 32 publications

(23 citation statements)

References 26 publications

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“…Based on comprehensive research of the business performance, it is clear that the above mentioned BSC methodology is an integral part of the SPMS. It is necessary to support BSC through knowledge information system BI, leading to achieve a higher business performance (Rajnoha, Štefko Merková, & Dobrovič, 2016). The consulting firm Bain & Company annually carries out extensive research concerning the use of management tools.…”

Section: Characteristics Of Performance Measurement Systemmentioning

confidence: 99%

“…A number of foreign authors and their research results bring much knowledge in a field of business performance. Many of them are devoted mutually to the cohesion of business performance with parameters such as corporate strategy, strategic decision making tools to support performance in the form of the Balanced Scorecard (BSC), system of key performance indicators (KPI), information support by Business Intelligence (Bisbe & Malagueño 2012;Gimbert, Bisbe & Mendoza, 2010;Chenhall 2005;Rajnoha et al 2013;Rajnoha, Štefko Merková & Dobrovič, 2016). In addition to the above mentioned factors, business performance can affect other specific parameters such as the impact of the company location, its size, capital structure, legal status, size or turnover.…”

Section: Introductionmentioning

confidence: 99%

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Strategic Performance Management System and Corporate Sustainability Concept - Specific Parametres in Slovak Enterprises

Rajnoha¹,

Lesníková²

2016

JOC

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Nowadays, a well-performing enterprise can be considered the one that is able to use many opportunities, to adapt to continual changes in the environment, to achieve better performance. Business performance is often seen as an indicator of the enterprise's results and effects. In the area of business performance and strategic performance measurement system, many studies have been realized which identify the major factors affecting the performance of the company itself. The paper is focused on the analysis and identification of specific factors in the form of localization, turnover of enterprise and others which may have a potential impact on performance. Current trends are focused not only on the performance, but also the consequences of corporate activities of environment. This leads to better competitiveness of companies. In this context, attention is drawn to the orientation of enterprises on particular dimensions of corporate sustainability concept and factors such as company size or capital structure in relation to its application.

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Section: Characteristics Of Performance Measurement Systemmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Strategic Performance Management System and Corporate Sustainability Concept - Specific Parametres in Slovak Enterprises

Rajnoha¹,

Lesníková²

2016

JOC

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“…Transition management: The contextual attribute, which companies take into account when considering implementation of a merger or an acquisition, is one of the issues of change management. Change management addresses aspects that relate to new areas of an "expanded entrepreneurship" in order to achieve the company's strategic goals following a merger while enhancing managerial efficiency and performance (more in [44]).…”

Section: Resultsmentioning

confidence: 99%

Cross-Border Mergers and Acquisitions as a Challenge for Sustainable Business

et al. 2019

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When considering the challenges for sustainable business, companies implementing cross-border reallocation of capital by means of mergers and acquisitions should take into account the context and evaluation of attributes of their future implementation. The main aim of the paper is, therefore, to identify and specify the key attributes of sustainable cross-border mergers or acquisitions (M&As) influencing the considerations about their future implementation. On the basis of the views of managers from 120 companies (international corporations selected from the Zephyr database) located in 45 countries within the European area that had previously been the subject of a cross-border merger or acquisition, significant attributes were extracted in connection with their experience from their implementation. These attributes are taken into account when considering the implementation of a cross-border merger or acquisition in the future. A factor analysis of the data obtained allowed the extraction of three key attributes of implementation of a potential merger and acquisition process as an important tool of business sustainability—aims, concerns, and reasons. This paper further presents the basic parameters of the Attributes of Future Mergers and Acquisitions (AFM&A) methodology: eigenvalues, Cronbach’s alpha values, the percentage of the variance explained, inter-correlations of the extracted factors, and the results of an analysis of differences in the assessment of the extracted factors by managers. At the same time, no statistically significant differences were found in the assessment of the extracted merger and acquisition assessment factors. The study fills in the research gap in the area by identifying and specifying the attributes of considering the future implementation of M&A management in terms of the broader concept of this issue.

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“…In addition to other areas, in respect to the abovementioned, there is an obvious link to the issue of business intelligence (Rajnoha et al, 2016) [29]. The negative consequences of the adoption and use of subjective heuristics lead to cognitive distortions that will cause managers fail to make an optimally suitable decision.…”

Section: Discussionmentioning

confidence: 99%

Predictors of cognitive distortions in managerial decision-making: PCD18 methodology

Frankovský¹,

Birknerová²

2017

EA-XXI

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Abstract. Decision-making is one of the most important managerial activities. Effectiveness of decision-making of managers is conditioned by several subjective and objective factors. A significant place among the subjective factors is taken by the issue of cognitive distortions. In relation to conceptualisation and operationalisation of the issue of cognitive distortions, there have been discussions about various sets of issues. One of these sets is linked to the identification and specification of the predictors of cognitive distortions. The report presents the results of an analysis of the extracted factor structure of the PCD18 methodology (Prediction of Cognitive Distortions) which represents the dispositional concept of defining and studying cognitive distortions. The results of the research which was conducted from January to April 2016 on a sample of 494 respondents (121 men and 373 women, working both in the private and the public sector) enable the extraction of a factor structure of the PCD18, as well as the characterisation of the basic psychometric parameters of this methodology. The aforementioned factor structure consists of the following factors: Negative prophecies, Thought-reading, Unsubstantiated conclusions and Argumentation through emotions. The report also includes the complete version of the PCD18 methodology. Мірослав Франковськи кандидат психологічних наук, доцент, заступник декана з наукової роботи, кафедра психології управлінської діяльності, факультет менеджменту, Пряшівський університет в Пряшіві, Словацька Республіка Зузана Біркнерова кандидат наук з державного управління, завідувач кафедри психології управління, факультет менеджменту, Пряшівський університет в Пряшіві, Словацька Республіка Фактори передбачення когнітивних відхилень у прийнятті управлінських рішень: методологія PCD18 Анотація. Когнітивні відхилення є визначальними серед суб'єктивних факторів прийнятих управлінцями рішень та відіграють значну роль у процесі прийняття управлінських рішень. У контексті концептуалізації та операціоналізації проблеми когнітивних відхилень відбувається обговорення різних груп питань. Одна така група має відношення до ідентифікації та специфікації факторів передбачень когнітивних відхилень у прийнятті управлінських рішень. У роботі представлено результати аналізу структури виявлених факторів методології PCD18, яка являє собою концепцію визначення та вивчення когнітивних відхилень. Результати проведеного в період з січня по квітень 2016 року дослідження, в основу котрого було покладено вибірку з 494 респондентів (121 чоловіка та 373 жінок, працюючих як у приватному, так і в державному секторі економіки) дозволили визначити структуру факторів, що мають відношення до методології PCD18, власне як і характеристику основних психометричних параметрів цієї методології. Вищезгадана структура факторів складається з: негативних передбачень, читання думок, необґрунтованих висновків та емоційної аргументації. У роботі представлено повну версію методології PCD18. Ключові слова: когнітивні відхилення; при...

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Business intelligence as a key information and knowledge tool for strategic business performance management

Cited by 32 publications

References 26 publications

Strategic Performance Management System and Corporate Sustainability Concept - Specific Parametres in Slovak Enterprises

Strategic Performance Management System and Corporate Sustainability Concept - Specific Parametres in Slovak Enterprises

Cross-Border Mergers and Acquisitions as a Challenge for Sustainable Business

Predictors of cognitive distortions in managerial decision-making: PCD18 methodology

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