Strategic Planning and Business Performance of Micro, Small and Medium-Sized Enterprises

Skokan, Karel; Pawliczek, Adam; Piszczur, Radomír

doi:10.7441/joc.2013.04.04

Cited by 40 publications

(22 citation statements)

References 7 publications

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“…Therefore, we argue that the starting point of formulating and performing a talent management strategy is the existence of the organisation and its human resource strategies. Generally, the application of strategic management in the Czech and Slovak business environments is still very weak [31]. Furthermore, most SMEs in both countries prefer short-term planning based on intuition and improvisation.…”

Section: Tabmentioning

confidence: 99%

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Perspectives of talent management: evidence from czech and slovak business organisations

Egerová¹,

Lančarič²,

Eger³

et al. 2015

E+M

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Section: Tabmentioning

confidence: 99%

“…Third, most owners do not perceive strategic planning as being able to improve corporate performance ( [31], [41] …”

Section: Tabmentioning

confidence: 99%

Perspectives of talent management: evidence from czech and slovak business organisations

Egerová¹,

Lančarič²,

Eger³

et al. 2015

E+M

View full text Add to dashboard Cite

“…As only 50% of businesses survive the first five years of their existence [47], perceived risks of short-term mortality may question benefits of conducting long-term planning, in particular among managers of start-ups.…”

Section: Discussion Of Requirements and Opportunities Of Actionmentioning

confidence: 99%

The Difficulty of Climate Change Adaptation in Manufacturing Firms: Developing an Action-Theoretical Perspective on the Causality of Adaptive Inaction

Meinel

Schüle

2018

Sustainability

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Climate change induces various risks for supply chains of manufacturing firms. However, surveys have suggested that only a minority of firms conducts strategic adaptations, which we define as anticipatory and target-oriented action with the purpose of increasing resilience to climate change. While several barrier-centered studies have investigated the causality of non-adaptation in industry, the examined barriers are often not problem-specific. Furthermore, it has been shown that even in cases when managers perceive no barriers to adaptation at all, strategic adaptations may still not be conducted. On this background, the present analysis focuses on the logic of adaptive inaction, which we conceive, in particular, as inaction with regard to strategic adaptations. Adopting an action-theoretical perspective, the study examines (a) which aspects may shape the rationality of adaptive inaction among managers, (b) which more condensed challenges of conducting strategic adaptations emerge for managers, and (c) how the theoretical propositions can be tested. For this purpose, the study employs an exploratory approach. Thus, hypotheses on such aspects are explored, which may shape the rationality of adaptive inaction among managers. Subsequently, predictions are inferred from the theoretical propositions, which allow testing their empirical relevance. Methodologically, the hypotheses are explored by reexamining existing explanatory approaches from literature based on a set of pretheoretical assumptions, which include notions of bounded rationality. As a result, the study proposes 13 aspects which may constrain managers in conducting adaptations in such a way, which serves the economic utility of the firm. By condensing these aspects, 4 major challenges for managers are suggested: the challenges of (a) conducting long-term adaptations, of (b) conducting adaptations at an early point in time, of (c) conducting adaptations despite uncertain effects of the measures, and of (d) conducting adaptations despite cross-tier dependencies in supply chains. Finally, the study shows how the propositions can be tested and outlines a research agenda based on the developed theoretical suggestions.

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“…In addition, not many studies examine the effect of a strategy on corporate performance in the Czech Republic. The closest in terms of the object of investigation are Skokan, Pawliczek, and Piszczur (2013) proving that companies with a "detailed written strategy" are more efficient than companies without a written strategy, or with a "written, but only concise" strategy, and Tripes, Kral, and Zelena (2013) testing generic strategies in terms of the sustainability of a competitive advantage for small sports clubs.…”

Section: Strategymentioning

confidence: 99%

Performance Factors of Czech Companies Identified Using Statistical Pattern Recognition: Interpretation of Results

Částek¹

2018

Prague Economic Papers

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The paper interprets factors of corporate performance identified by means of statistical pattern recognition techniques. A Dependency-Aware Feature algorithm with non-linear regression model ranked 74 potential factors of corporate performance according to their contribution to corporate performance prediction. This paper brings consecutive statistical analyses, which interpret the effects of Strategy, FDI, Share of Export, Top Management Performance Pay, and Workers' Performance Pay on corporate performance. Furthermore, the analyses reveal strong mutual moderating interdependencies. On the national scale, the paper brings evidence that the companies from the industries researched can use the stational techniques to learn about corporate performance factors. On a global scale, the paper introduces the contribution of Dependency-Aware Feature selection in the field of management and confirms the need for a multidimensional contingency approach in researching corporate performance. The results are based on a sample of 432 private limited or joint stock companies located in the Czech Republic operating in the manufacturing and construction industries and employing 50 or more people.

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Strategic Planning and Business Performance of Micro, Small and Medium-Sized Enterprises

Cited by 40 publications

References 7 publications

Perspectives of talent management: evidence from czech and slovak business organisations

Perspectives of talent management: evidence from czech and slovak business organisations

The Difficulty of Climate Change Adaptation in Manufacturing Firms: Developing an Action-Theoretical Perspective on the Causality of Adaptive Inaction

Performance Factors of Czech Companies Identified Using Statistical Pattern Recognition: Interpretation of Results

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