scholarly journals Ecological dimension of PESTEL analysis in small enterprises in the Republic of Serbia

2020 ◽  
Vol 13 (1) ◽  
pp. 63-71
Author(s):  
Ivana Marinović-Matović ◽  
Ljiljana Arsić

Strategic decision-making seeks to analyze the external environment in which business organizations operate. External environmental factors are analyzed and monitored using PESTEL analysis. PESTEL analysis provides insight into organization's business opportunities and threats, in order to rapidly adapt to new market conditions. The objective of this paper is to present the use and the importance of PESTEL model for the analysis of ecological factors in business environment. The most common challenges of environmental analysis, and examples of positive practice from the Republic of Serbia, are presented in this paper. The paper represents a professional contribution to the business community, specifically, it helps organizations to improve their ecological performances through more efficient use of opportunities and elimination of threats arising from ecological factors.

2020 ◽  
Vol 17 (6) ◽  
pp. 22-30
Author(s):  
M. V. Bikeeva ◽  
V. A. Inshakov ◽  
I. M. Fadeeva

Purpose of the study. Small and medium enterprises in foreign countries provide about 50% of GDP and almost 60% of industrial employment. In terms of its role in the economy, entrepreneurship in Russia is inferior to many countries, including the United States, Ireland, Japan, Italy, etc. The main priorities for the development of the sphere of entrepreneurship in Russia include improving the conditions for doing business, simplifying tax reporting, access to concessional financing, and improving the procurement system and others. Among the negative aspects of state regulation that hinder the development of small and medium-sized businesses, administrative barriers can be singled out. According to experts, due to the presence of excessive administrative barriers, the size of the country's "frozen" potential for economic growth is 5-7%. In this regard, there is a need for a statistical assessment of the conditions for doing business at the regional level for the subsequent determination of directions for increasing the efficiency and effectiveness of the activities of state (municipal) authorities and identifying reserves for improving the business environment.Materials and methods. As an information base for the study, we used the data of the Federal State Statistics Service for 2019, as well as the results of monitoring the conditions for the activities of small and medium-sized businesses in the region, conducted by the State Treasury Institution of the Republic of Mordovia "Scientific Center for Socio-Economic Monitoring". The empirical research base included quantitative data from mass representative surveys of the business community for the period from 2014 to 2019. In addition to surveys of representatives of the business community, expert surveys were conducted, the selection of which was carried out on the basis of the experience of entrepreneurship and their belonging to formalized regional structures of entrepreneurs. The number of experts participating in the study ranged from 40 to 50 people.Results. As of January 1, 2019, there were 2,659.9 thousand small enterprises operating in the Russian Federation. Per 10,000 people, with an average of 156 in the Volga Federal District, the highest indicator was recorded in the Samara region (216 small enterprises), the lowest – in the Republic of Mordovia (86 small enterprises). The study demonstrates a steady decline in the scale of economic activity and the number of small and medium-sized businesses in the Republic of Mordovia. The study confirmed the existence of administrative barriers to entrepreneurial activity in the region, which are manifested both at the initial stage of doing business and during long-term conduct. Within the framework of the study, proposals were formulated to reduce administrative barriers and create a favorable business environment. In the current socio-economic situation, the main measures to support entrepreneurship are to reduce tax rates and introduce a preferential tax system. Support measures that are significant for business are also a decrease in interest rates, an increase in the availability of credit, the provision of incentives for energy resources, and control over the pricing policy of services of natural monopolies. Along with institutional measures, it is necessary to disseminate various forms of entrepreneurship training and mentoring, which are widespread in foreign practice.


2011 ◽  
Vol 204-210 ◽  
pp. 2098-2102 ◽  
Author(s):  
Ying Hong Zhong ◽  
Hong Wei Liu

In turbulent business environment, executives’ cognition plays an important role in their understanding and the process of decision making. Cognitive map helps the senior executives in their thought process. The construction of information-based cognitive map, however, is a wicked problem, which could hardly be tackled by hard systems methodologies. Design science provides a good solution. This paper puts forward a research methodology, which is divided into six activities, to build up an information systems (IS) based cognitive map for cognitive decision support. The methodology is demonstrated by a case study of a Chinese steel company’s strategic decision making.


2020 ◽  
Vol 46 (8) ◽  
pp. 1322-1329
Author(s):  
Nicolai J. Foss

What can strategic management research do to help to make sense of the COVID-19 disruption, and what are the implications of the disruption for the strategy field? I argue that among the streams in strategy research, behavioral strategy is uniquely situated in terms of providing a psychologically based interpretive lens that could lend great insight into decision making in extreme conditions. However, the disruption also points to weakness in current behavioral strategy thinking, notably with respect to the role of models vis-à-vis judgment in strategic decision making, the deeply social (political, institutional) nature of strategy making, and the treatment of fundamental uncertainty.


2019 ◽  
Vol 30 (1) ◽  
pp. 203-208
Author(s):  
Mariјa Magdicheva-Shopova ◽  
Snezana Ristevska – Jovanovska ◽  
Snezana Bardarova

The pronounced globalization changes and the high degree of digitization are everyday in the modern work that cause changes in the operation of enterprises, regardless of the size and type of activity it performs. In this regard, the Internet as an informative medium is a part of everyday life, and the adoption of a certain decision for the future business activity is related to the consideration of various social media Social media is a powerful communication medium, but also a tool for sharing information about the business. Through social media, businesses have the opportunity to follow the latest trends, opportunities and analysis and actively participate in the business environment where customers are present and interconnected. Social networking is part of the day-to-day operation of enterprises. Small businesses are increasingly using social media as a marketing tool to improve customer relationships. From the content point of view, the paper will explain the characteristics of social media, the differences between traditional and social media as marketing tools and the factors that contribute to the increased use of social media in everyday work. The subject of this paper's research is focused on perceiving the importance and influence of social media on the development of small enterprises in the Republic of Macedonia. For this purpose, practical research has been conducted. The conducted analysis of the environment and the results of the conducted research confirm the established hypotheses that social media represent a real need for all enterprises and entrepreneurs need education to gain knowledge about the opportunities offered by social media. On the basis of the obtained results from the conducted research will be given suggestions and directions in order to efficiently exploit the possibilities of social media and improve the performance of enterprises in order to adjust the contemporary processes.


foresight ◽  
2018 ◽  
Vol 20 (6) ◽  
pp. 602-621 ◽  
Author(s):  
Danielle Meyerowitz ◽  
Charlene Lew ◽  
Göran Svensson

Purpose The purpose of this paper is to explore the corporate requirements, benefits and inhibitors of scenario planning in strategic decision-making. Design/methodology/approach This paper is based on a sample of 15 case studies with executives in the South African context to reveal the perceived corporate requirements, benefits and inhibitors of scenario-planning. Findings From the cases, it is evident that industry-, organizational- and leadership-related factors enable or inhibit scenario planning. Requirements, benefits and inhibitors are revealed in strategic decision-making. Research limitations/implications Further research to determine supportive tools and technologies for enabling scenario-planning across multiple contexts is needed. Practical implications This paper expands insights into the requirements, benefits and inhibitors of scenario-planning in strategic decision-making. Originality/value Given the increasing complexity of the business environment, a framework of scenario-thinking is presented and recommend greater emphasis on developing strategic decision-making competence, changed mindsets and organizational agility.


2011 ◽  
Vol 32 (6) ◽  
pp. 803-824 ◽  
Author(s):  
John Child ◽  
Suzana B. Rodrigues

This paper offers a new insight into how organizations engage with external complexity. It applies a political action perspective that draws attention to the hitherto neglected question of how the relative power organizational leaders enjoy within their environments is significant for the actions they can take on behalf of their organizations when faced with external complexity. It identifies cognitive and relational complexity as two dimensions of the environment with which organizations have to engage. It proposes three modes whereby organizations may engage with environmental complexity that are conditioned by an organization’s power within its environment. It also considers the intention associated with each mode, as well as the implications of these modes of engagement for how an organization can learn about its environment and for the use of rationality and intuition in its strategic decision-making. The closing discussion considers how this analysis integrates complexity and political action perspectives in a way that contributes to theoretical development and provides the basis for a dynamic political co-evolutionary approach.


2017 ◽  
Vol 9 (4) ◽  
pp. 44
Author(s):  
Marcelo Amaral Dionisio

Strategic thinking and strategic planning are concepts that are not clearly defined both in the literature and in the practice of business organizations and sometimes they are used interchangeably with each other or with strategic management. The purpose of this text is to differentiate and define both concepts and relate their role with the strategic decision making process of a firm. The text ends by approaching the issue of sustainability as a new challenge in the strategic process.


1994 ◽  
Vol 19 (4) ◽  
pp. 29-40
Author(s):  
Satish Kumar ◽  
Shesh Modh

In this article, the author makes an attempt to study 144 strategic decisions from 94 business organizations in the Indian industry with a view to understand the strategic decision-making process. The decisions are analysed to structure the process of strategy making and a model of strategic decision-making process is developed. It can be observed that the strategic decision-making process is organizationally oriented with prominent information seeking characteristics.


1992 ◽  
Vol 5 (3) ◽  
pp. 271-282 ◽  
Author(s):  
Joel A. Kahn ◽  
Douglas A. Henderson

Selecting a business location is among the most important strategic decisions for family firms. Yet the separate demands of the family and the business often prove difficult to balance. A comparison of location preferences in family and nonfamily firms provides insight into the family influence on strategic decision making.


2015 ◽  
Vol 12 (2) ◽  
pp. 130 ◽  
Author(s):  
Héctor Montiel Campos ◽  
Francesc Solé Parellada ◽  
Francisco Alfonso Aguilar Valenzuela ◽  
Alejandro Magos Rubio

New Technology Based Firms (NTBF) operate in high-velocity environments that make considerable demands about the speed of strategic choices. This study draws upon strategic decision-making and organization theories to propose that strategic decision making speed mediates the relation between personal, organizational and environmental factors and performance. Hypotheses were theoretically developed and tested with data from an empirical investigation of Mexican NTBF. Measures of personal characteristics, organization structure, business environment, strategic decision speed and performance were collected from 103 Technology Founder Managers at the end of 2012. The results confirmed that strategic decision making speed influences the performance of NTBF and mediates the relation of uncertainty, CEO model, dynamism and hostility with firm performance.


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