Being essential in the conditions of a dynamic economic environment, assailed by numerous changes, profitability is the expression of any entity earnings, and obtaining the profit as a measure of ...profitability (income increase in relation to the reduction of costs) represents the main objective of the activity of an economic entity. The purpose of this article is evaluation the state of profitability and assessing the risks using the financial diagnosis of profitability, as a measure of monitoring the financial health of the entity. Research shows that the financial diagnosis of profitability gives us a realistic view of the entity's financial health by identifying risks, strengths and weaknesses, vulnerabilities, of any threats that may arise in relation to business efficiency. The diagnosis of the state of profitability represents a measure of prevention of risks that threaten the development of the business entity, which allows the formulation of financial recovery paths of activity, to be used by stakeholders to justification of opinions.
The purpose of this paper is to provide a new framework for assessing the innovation capacity and efficiency in Romanian small enterprises and start-ups. In this sense, a systematic literature review ...has been employed in order to obtain a clear understanding of the existing knowledge and to critically evaluate the existing solutions. In addition, considering the European Union objectives regarding innovation and sustainable development, this paper investigates the present situation of Romania by interpreting the official European Commission reports and current research papers. Considering the importance of regional innovation advancement and that of creating economic growth through competitiveness, this paper scrutinizes several concepts from the scientific literature, including regional innovation governance, entrepreneurship and innovation efficiency with the final purpose of developing a framework applicable for Romania. Taking into consideration the relatively low scores of Romanian regions regarding innovativeness and technological advancement, this paper attempts to provide a clearer understanding of the applicable factors that can be used for measuring innovation performance. The proposed framework focuses on the importance of entrepreneurship and the development of new business models in order to efficiently assess the innovative endeavors of enterprises. All things considered, this paper provides both theoretical and managerial contributions and possibility for further investigations addressed at specific Romanian regions and business sectors.
The paradox of business
Strategic direction (Bradford, England),
05/2018, Letnik:
34, Številka:
5
Journal Article
Recenzirano
Purpose
Reviews the latest management developments across the globe and pinpoints practical implications from cutting-edge research and case studies.
Design/methodology/approach
This briefing is ...prepared by an independent writer who adds their own impartial comments and places the paperes in context.
Findings
Business has borne witness to an evolution in how it brings products and services to market since the 1980s – and hardly anyone has noticed. This is not an obvious change such as the exploitation of the internet or the effects of globalization. It is a more subtle, more varied, and has had an impact on how most businesses now operate in the modern environment. Put simply, it is the way the firms now create value through product and service development using project management techniques.
Originality/value
The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.
This paper studies the impact of business efficiency on the level of sustainable development information disclosure of Vietnamese enterprises by using path structure model with the data of 294 ...enterprises listed on the stock market in 3 years from 2015 to 2017. Research results show that the level of sustainable development information disclosure of Vietnamese enterprises listed on the stock market is still quite low. This study has identified factors that positively influence the level of sustainable development information disclosure including business efficiency, firm size, Big4 and the number of members of the board of directors. The negative influencing factors with the level of sustainable development information disclosure are financial leverage and business sector. Based on the research results, the study propose some recommendations to improve the level of sustainable development information disclosure of enterprises in Vietnam: (i) promote disclosure of sustainable development for their benefit to businesses; (ii) supplement and improve the current legal system in Vietnam to create a solid legal basis for the implementation of sustainable development information disclosure.
Different business environments may have differential impacts. The improvement in the institutional environment and increased certainty about the future greatly impact entrepreneurial activity and ...business results. The reform of inspection and regulatory enforcement activities aims at improving the business environment, i.e., property, lawful rights, and interests against a variety of risks. Although the reform has been ongoing for several years in Russia, no systematic, independent evaluation of its efficiency and impact on the business efficiency at the meso-level of the Russian economic system has yet been implemented. The research aimed to investigate administrative barriers to business in (1) subdivisions of the Russian Federation on the example of monitoring and supervision activities of state bodies, and (2) the provision of public services. Besides, we measured the impact of administrative regulation on the effectiveness of entrepreneurial activity in the region. Findings from this research are useful in managerial practice, and for academic researchers and policymakers in emerging economies to adopt and consider to improve further the contribution of the administrative regulation institutions in regional economic development.
The construction of an appropriate performance measurement system is an important objective that every company is facing today. Firms using sustained performance measurement systems in management ...achieve higher efficiency. The performance measurement system is one of the determinants which creates an enterprise’s value. Small enterprises do not understand the need for performance measurement formalization or the potential benefits that come from management information systems. They conduct their business results in an informal way, without the systemic approach. Moreover, their decision support systems rely on information and knowledge generated by informal transformations and processes. As companies grow, they lean their decision support systems more on information from the performance measurement systems.
Purpose of the article is to present the scope and forms of informal performance measurement used in small enterprises. Method used was a nationwide survey conducted by the CATI method, which was covered by 100 small Polish companies. Analysis was accomplished by the chosen statistical tests and measures. The study provides an original contribution of the author. As a result of the research, it has been found, that most small businesses measured their performance, especially in non-financial perspectives. However, this measurement was informal and often not supported by the use of appropriate measures.
In the current market economy, it is important to evaluate and forecast the situation and business performance of enterprises to provide the necessary information for managers to plan for future use ...of resources. This study aims to evaluate and predict the business performance of logistics companies in Vietnam. The authors use the optimal algorithm in the data envelopment analysis (DEA) to evaluate the business efficiency of the companies in the years 2014-2017. In addition, the authors use Grey system theory to forecast business results and their future use during the period of 2018-2021. The research shows that Gemadept Corporation and Sea & Air Freight International use the their business resources effectively and as expected, and that these companies will continue to thrive in the future. This study provides a method to measure, evaluate, and forecast the business performance of the logistics companies. Managers and the government can rely on this approach for implementation and overall planning of logistics enterprises in the future.
Much has been written about SME owner-manager decision making and SME marketing efficiency. SME marketing theories have been drawn from the marketing, management and entrepreneurship literatures. ...These have provided the foundation for investigative empirical work focusing on how SME owner-managers actually do business. This paper reviews the relevant literature and offers some insights based on experience of working with SMEs at different stages of their development. Then two SME case examples are used to illustrate how SME owner-managers develop specific business activities within very competitive markets by focusing on SME business efficiency in practice. The case findings are considered in the context of current business practice and leadership thinking.
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