WIT Press


Application Of Strategic Management In Enterprises Located In The Czech Republic As A Tool Of Resources Management Support

Price

Free (open access)

Paper DOI

10.2495/SC130652

Volume

179

Pages

11

Page Range

767 - 777

Published

2013

Size

214 kb

Author(s)

H. Jáčová & J. Horák

Abstract

The submitted article is focused on the problems of the application of strategic management in companies that are located in the Czech Republic as a tool of resources management support in accordance with the principle of sustainable development. The first part of the article describes sustainable development in general. The next part deals with the description of resources management. The main goal of the article is based on the analysis of usage of enterprise resource planning (ERP) systems for the needs of strategic management. The application of key models such as Balanced Scorecard (BSC), Total Quality Management (TQM), Management by Objectives (MBO), Six Sigma and others is subject to analysis in accordance with ERP systems implemented in medium sized and large companies. The presented information was obtained from the intensive survey that took place in January and February 2013. Strategic management is an area that is focused on long-term planning and strategic direction of an enterprise. Findings of management indicate that it is important to manage and systematically evaluate the company in a long-term perspective if the company wants to be successful and enjoy excellent financial health. From the sustainable development and resources management point of view it is important to use information systems that help to improve the efficiency of managerial control of an enterprise. On the other hand it is crucial to analyze whether the used ERP systems support higher profitability and enable application of strategic management models. The main goal of the vast majority of companies is based on the increase or maximization of own market value that is achieved by strategy of the company in a long-term period. The right strategy is important for survival of enterprise in today’s competitive market and rapidly changing environment. Keywords: balanced scorecard, enterprise, enterprise resource planning systems, environmental protection, information systems, models of strategic

Keywords

Keywords: balanced scorecard, enterprise, enterprise resource planning systems, environmental protection, information systems, models of strategic