7 September 2024 in Oditor
Small and medium-sized enterprises are a key part of every national economy and represent a factor of economic and social stability. In particular, entrepreneurial organizations are recognized as drivers of economic development, because they encourage the introduction of new technologies and have a direct impact on the level of investments and aggregate demand in terms of macroeconomic indicators. Also, this type of organizations contributes to solving the problem of unemployment and unequal distribution of wages. The need for strategic support and development of small and medium enterprises at the state level is permanent. In the past, these entities have been hit by the pandemic caused by the Covid-19 virus, inflation and digitization. The subject of the paper is the results review of the small and medium-sized enterprises development in Serbia, as well as the perspective of their further growth. Taking into account the effect of quality standards on business results, the connection of small and medium-sized enterprises with scientific and research institutions, but also the connection between the same organizations on the market, the authors propose certain improvements for their development. The key elements are based on the adequate and correct diagnosis of the mentioned connections. The research sample was purposive, which included companies in each of the 5 regions of the Republic of Serbia (n=112). The importance of quality standards and cooperation with faculties and scientific research institutions was established. It has been proven that the biggest obstacles in the development of the business of small and medium-sized enterprises are administrative procedures, as well as fiscal appropriation, and that the biggest impact on future business prospects is the adopted quality standard, investment in modern equipment, innovation, new knowledge and the introduction of new production lines.
1 January 2023 in Anali Ekonomskog fakulteta u Subotici
The efforts of organizations to improve their business processes, establish market competitiveness, achieve goals more efficiently and increase profitability are mainly made through an attempt to upgrade the performance of employees. Increasing the employees' work performance is directly correlated with the improvement of individual skills, as well as the level of ability to effectively transform new knowledge according to daily work obligations. In this process, synergies should be established between employees, on the one hand, who should be adequately motivated, committed, and focused on the acquisition of new knowledge, and on the other hand, organizations that should provide resources, support, and conditions for effective knowledge transfer from educational process to visible improvement indicators of different employees' performance levels. The purpose of this paper is to investigate the impact of training on increasing the individual and organizational performance of employees in entrepreneurial organizations in Serbia. Additionally, the correlation between the two groups of respondents, managers and non-managerial staff, will be tested, to determine more closely whether there is a distinction in relation to the position held by the respondent, for defined issues.
1 January 2024 in Trendovi u poslovanju
By implementing the standardization of logistics services, modern organizations strive to reduce the cost of circulating inefficient services and improve overall efficiency, thereby aiding overall economic growth. The aim of this paper is to show how logistics standardization affects the development of corporate market competitiveness. First, the standardization of logistics services significantly promotes the corporate tendency to establish a long-term market position. Also, the standardization of logistics functions aims to mitigate financial fluctuations and accelerate organizational growth. And finally, the understanding of the globalization of business relations in the context of business logistics should show how traditional logistics functions have shifted towards modern trends. This paper also presents the role of logistics standardization in promoting corporate mechanisms in the context of restructuring operations aimed at increasing the adaptive capacity of the organization and its further distribution of services in different markets.
1 January 2023 in International Review
Education, as the primary driving force in any society, demands special consideration when adapting the education system's concept for enhanced efficiency and competitiveness while ensuring the delivery of high-quality educational services. Observations, not only in the Republic of Serbia but also in various other nations, indicate that private schools can stand as equal participants in the educational services market, and in some cases, even surpass public schools in terms of quality. Simultaneously, private schools are driven by business goals. The paper specifically addresses the attainment of specific objectives, such as formulating a strategic vision that delineates the key competencies of private high schools and outlines their strategic choices. To fulfill this objective, the Business Model Generation was employed to delineate the forthcoming operational and strategic objectives of the school. Utilizing both general and specific quantitative methods, alongside business modeling, will shape an appropriate development strategy aimed at enhancing the competitiveness and quality of service provision in private high schools.