Enterprise's process innovations in the context of enterprise's financial performance
Enterprise process management is one of the most important components of enterprise management. It is necessary to know, optimize and innovate the ongoing processes in the enterprise in order to efficiently meet the established results of the enterprise in order to enhance the efficiency of the ente...
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| Format: | Article |
| Language: | English |
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University of Novi Sad - Faculty of Economics, Subotica
2019-01-01
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| Series: | Strategic Management |
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| Online Access: | https://scindeks-clanci.ceon.rs/data/pdf/1821-3448/2019/1821-34481903003K.pdf |
| _version_ | 1818316968271282176 |
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| author | Kicová Marianna |
| author_facet | Kicová Marianna |
| author_sort | Kicová Marianna |
| collection | DOAJ |
| description | Enterprise process management is one of the most important components of enterprise management. It is necessary to know, optimize and innovate the ongoing processes in the enterprise in order to efficiently meet the established results of the enterprise in order to enhance the efficiency of the enterprise's processes themselves and satisfy the customers' requirements in the context of the financial performance enhancement and competitiveness of the enterprise. The enterprise's financial performance is measured as the rate of achievement of the enterprise's financial performance by comparing actual and established results. In assessing the performance of ongoing processes in the enterprise, it is necessary to establish procedures that provide objective information on ongoing processes in the enterprise. The aim of the paper is to analyze enterprise's process innovations in the context of enterprise's financial performance enhancement and to assess opportunities to develop these processes as fundamental aspects of measurement and enhancement of the enterprise's financial performance. The result of the research is that the implementation of enterprise's process innovations has a significant impact on enhancing the enterprise's financial performance, assuming optimal control and coordination of all ongoing activities in the innovation process. |
| first_indexed | 2024-12-13T09:29:51Z |
| format | Article |
| id | doaj.art-f39197dfa36c4e66b47a5fce326abfdd |
| institution | Directory Open Access Journal |
| issn | 1821-3448 2334-6191 |
| language | English |
| last_indexed | 2024-12-13T09:29:51Z |
| publishDate | 2019-01-01 |
| publisher | University of Novi Sad - Faculty of Economics, Subotica |
| record_format | Article |
| series | Strategic Management |
| spelling | doaj.art-f39197dfa36c4e66b47a5fce326abfdd2022-12-21T23:52:32ZengUniversity of Novi Sad - Faculty of Economics, SuboticaStrategic Management1821-34482334-61912019-01-012433131821-34481903003KEnterprise's process innovations in the context of enterprise's financial performanceKicová Marianna0University of Economics in Bratislava, Faculty of Economic Informatics, Bratislava, SlovakiaEnterprise process management is one of the most important components of enterprise management. It is necessary to know, optimize and innovate the ongoing processes in the enterprise in order to efficiently meet the established results of the enterprise in order to enhance the efficiency of the enterprise's processes themselves and satisfy the customers' requirements in the context of the financial performance enhancement and competitiveness of the enterprise. The enterprise's financial performance is measured as the rate of achievement of the enterprise's financial performance by comparing actual and established results. In assessing the performance of ongoing processes in the enterprise, it is necessary to establish procedures that provide objective information on ongoing processes in the enterprise. The aim of the paper is to analyze enterprise's process innovations in the context of enterprise's financial performance enhancement and to assess opportunities to develop these processes as fundamental aspects of measurement and enhancement of the enterprise's financial performance. The result of the research is that the implementation of enterprise's process innovations has a significant impact on enhancing the enterprise's financial performance, assuming optimal control and coordination of all ongoing activities in the innovation process.https://scindeks-clanci.ceon.rs/data/pdf/1821-3448/2019/1821-34481903003K.pdfinnovationprocess innovationfinancial performanceenterprise |
| spellingShingle | Kicová Marianna Enterprise's process innovations in the context of enterprise's financial performance Strategic Management innovation process innovation financial performance enterprise |
| title | Enterprise's process innovations in the context of enterprise's financial performance |
| title_full | Enterprise's process innovations in the context of enterprise's financial performance |
| title_fullStr | Enterprise's process innovations in the context of enterprise's financial performance |
| title_full_unstemmed | Enterprise's process innovations in the context of enterprise's financial performance |
| title_short | Enterprise's process innovations in the context of enterprise's financial performance |
| title_sort | enterprise s process innovations in the context of enterprise s financial performance |
| topic | innovation process innovation financial performance enterprise |
| url | https://scindeks-clanci.ceon.rs/data/pdf/1821-3448/2019/1821-34481903003K.pdf |
| work_keys_str_mv | AT kicovamarianna enterprisesprocessinnovationsinthecontextofenterprisesfinancialperformance |