Contribution of controlling to business efficiency

Aleksandra Todorović - Dudić; Mile Stanišić; Veselin Perović

doi:10.5937/industrija45-11003

Aleksandra Todorović - Dudić University Business Academy Novi Sad, Faculty of Economics and Engineering Management, Novi Sad.
Mile Stanišić Singidunum University, Economic Faculty Belgrade
Veselin Perović University of Novi Sad, Faculty of Technical Sciences Novi Sad

DOI: https://doi.org/10.5937/industrija45-11003

Keywords: decision making, business risk identification, business success, enterprise management, contribution of controlling,

Abstract

The authors of the paper analyse the contribution of controlling to enterprise efficiency. Controlling is an approach that helps companies focus on creating value and driving value creation, quality increase and cost reduction. On the basis of a representative sample of industrial-sector companies in Serbia, the authors conducted a multivariate analysis of variance (MANOVA), discriminant analyses and other parametric procedures and methods. Univariate procedures applied are the Roy′s test, Pearson′s contingency coefficient (c) and the multiple correlation coefficient (R). As a result, the difference in controlling among enterprises relating to identification of controlling contribution to enterprise efficiency is determined. The existence of a boundary is confirmed. As a clear boundary between controlling processes in enterprises is defined, their characteristics are also determined.

Author Biography

Aleksandra Todorović - Dudić, University Business Academy Novi Sad, Faculty of Economics and Engineering Management, Novi Sad.

assistant professor in the field of business and international economics

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