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Analysis of Electronic Business of European Union and Serbia Companies Based on the LMAW-DNMA Method

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  • Radojko LUKIC

Abstract

Modern companies perform their business activities in the classic way and electronically. Recently, there is an increasingly pronounced trend for companies from all countries of the world, which means both the European Union and Serbia, to conduct business activities electronically. Electronic business enables the performance of business activities in real time, without geographical and time barriers. The effects of electronic business are, among other things, an increase in sales, a reduction in costs and thus an increase in profits. In this paper, the trend and rankings of the electronic business of companies in the European Union and Serbia are comparatively analyzed. The general conclusion is that the participation of electronic business in the overall business of companies in the European Union and Serbia is increasing. This is almost the case with companies all over the world. The electronic business of Serbian companies is at a lower level compared to companies in the European Union. It is also at a lower level compared to companies in Croatia and Slovenia. Considering the positive effects of electronic business, it is necessary for Serbian companies to invest as much as possible in information and communication technology.

Suggested Citation

  • Radojko LUKIC, 2023. "Analysis of Electronic Business of European Union and Serbia Companies Based on the LMAW-DNMA Method," Informatica Economica, Academy of Economic Studies - Bucharest, Romania, vol. 27(3), pages 29-44.
    • Handle: RePEc:aes:infoec:v:27:y:2023:i:3:p:29-44
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    References listed on IDEAS

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    1. Khorshed Alam & Mohammad Afshar Ali & Michael Erdiaw-Kwasie & Md Shahiduzzaman & Eswaran Velayutham & Peter A. Murray & Retha Wiesner, 2022. "Impact of ICTs on Innovation and Performance of Firms: Do Start-ups, Regional Proximity and Skills Matter?," Sustainability, MDPI, vol. 14(10), pages 1-18, May.
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