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Comparison of Advantages and Disadvantages of Insourcing and Outsourcing Controlling Processes in Industrial Enterprises in Slovakia

Author

Listed:
  • Santava Eva

    (PhD student, Slovak University of Technology in Bratislava, Ulica Jana Bottu 2781/25, Trnava, Slovakia)

  • Vranakova Natalia

    (Slovak University of Technology in Bratislava, Ulica Jana Bottu 2781/25, Trnava, Slovakia)

  • Babelova Zdenka Gyurak

    (Assoc. Prof., Slovak University of Technology in Bratislava, Ulica Jana Bottu 2781/25, Trnava, Slovakia)

Abstract

For the successful management of business processes and managerial decision-making, it is important to align the controlling function with the business management strategy. In the business environment, controlling plays a key role, mainly by ensuring the consistency of business processes. It is possible to optimize them only based on the knowledge of business processes. Therefore, the professional competence of the entity providing the controlling of business processes is important for the quality of the provided controlling data. Controlling can be provided internally and externally. The aim of the article is to present findings of research focused on the reasons for insourcing and outsourcing controlling processes in industrial enterprises. To fulfil the main aim, qualitative research was conducted with experts from large industrial enterprises. The research involved assessing and evaluating criteria based on their significance for the insourcing and outsourcing of controlling processes. Experts in finance from industrial enterprises in Slovakia assessed these criteria, as these enterprises have undergone significant changes in recent decades regarding their systems and tools.

Suggested Citation

  • Santava Eva & Vranakova Natalia & Babelova Zdenka Gyurak, 2024. "Comparison of Advantages and Disadvantages of Insourcing and Outsourcing Controlling Processes in Industrial Enterprises in Slovakia," Management Theory and Studies for Rural Business and Infrastructure Development, Sciendo, vol. 46(4), pages 454-462.
    • Handle: RePEc:vrs:mtrbid:v:46:y:2024:i:4:p:454-462:n:1001
    DOI: 10.15544/mts.2024.42
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    References listed on IDEAS

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    1. Doyle, Jeffrey & Ge, Weili & McVay, Sarah, 2007. "Determinants of weaknesses in internal control over financial reporting," Journal of Accounting and Economics, Elsevier, vol. 44(1-2), pages 193-223, September.
    2. Agrawal, Saurabh & Singh, Rajesh K. & Murtaza, Qasim, 2016. "Outsourcing decisions in reverse logistics: Sustainable balanced scorecard and graph theoretic approach," Resources, Conservation & Recycling, Elsevier, vol. 108(C), pages 41-53.
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    More about this item

    Keywords

    controlling; industrial enterprises; insourcing; outsourcing; processes.;
    All these keywords.

    JEL classification:

    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General

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