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Modeling the management process in the function of long-term goal fulfillment in Croatian companies

Author

Listed:
  • Vedran Å upuković

    (Pan-European University Apeiron,Banja Luka)

  • Sanel Jakupović

    (Pan-European University Apeiron,Banja Luka)

  • Ibrahim ObhoÄ‘aÅ¡

    (Faculty of Business Economics, International University Travnik)

Abstract

The issue of management process in all organizations with a pronounced hierarchical structure is extremely complex and equally abstract to both the participants themselves and all those who deal with the study of this topic. The management process involves decision-making based on appropriate economic analysis, experience, practice, micro and macro environment, and the ability of an individual manager to create a symbiosis based on all the knowledge that will ultimately lead to making an appropriate business decision. The aim of this paper is to build a presentation of the model, which in this case will improve the economic community and enrich the everyday work of companies. This will allow the ownership and management structures of a large number of inadequately structured and internally non-institutionalized companies to become active and passive managers of all business relations within the companies in which they operate, instead of active or passive observers. In this paper, a management model will be presented based on the data researched within five variables: quality of human resources, economic incentives, development perspectives, managerial capabilities of subordinates and business satisfaction. One of the aims of this paper is precisely to explore how these variables influence the business satisfaction of Croatian companies. The research was conducted in the territory of the Republic of Croatia, in all regions, on a representative sample, while representatives of the companies were surveyed. The answers obtained were analysed descriptively, through the regression model. It has been proven that the greatest influence on pleasure in business is influenced by managerial capacities, where beta coefficients is 0.367. Slightly less impact on the pleasure of doing business has the development of enterprises and incentives from the budget, while the smallest impact on the pleasure of doing business has human potential. The obtained beta COTA is statistically significant because the p – value

Suggested Citation

  • Vedran Å upuković & Sanel Jakupović & Ibrahim ObhoÄ‘aÅ¡, 2019. "Modeling the management process in the function of long-term goal fulfillment in Croatian companies," Notitia - journal for economic, business and social issues, Notitia Ltd., vol. 1(5), pages 21-30, December.
    • Handle: RePEc:noa:journl:y:2019:i:5:p:21-30
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    References listed on IDEAS

    as
    1. World Bank, 2011. "The Changing Wealth of Nations : Measuring Sustainable Development in the New Millennium," World Bank Publications - Books, The World Bank Group, number 2252, December.
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    More about this item

    Keywords

    models; management; companies; regression; long-term goals;
    All these keywords.

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General

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