International Business Management
ISSN: OnlineISSN: Print 1993-5250
Abstract
Presented study deals with an important topic of the strategic management, more than ever recent in changing business environment of last years. There were thoroughly selected and considered 15 broadly recognized management tools (BCG, BSC, EFQM, ISO 9000, ISO 14000, Kaizen, KPI, Lean, MBO, PEST(LE), Porter’s five forces, Six Sigma, SMART, SWOT and TQM) and their possible economic impact on appreciated economic indicator Economic Value Added (EVA) was researched. The examined data base counting 677 Czech and Slovak business enterprises was collected by university questionnaire research. Data was categorized and different groups of enterprises were compared regarding their trends in EVA using difference analysis method. The result brought cognition that EVA is mostly positively influenced by Kaizen, Six Sigma, MBO and Lean management tools. Surprisingly, less significant or even negative impact yield quality management systems as EFQM, TQM, ISO 14000 and ISO 9000 series. Results are interpreted, discussed and compared with professional literature.
How to cite this article:
Adam Pawliczek, Lucie Meixnerova and Daniela Navratilova. Influential Analysis of Selected Management Tools on Economic Value Added Based on Difference Analysis Method.
DOI: https://doi.org/10.36478/ibm.2015.1249.1256
URL: https://www.makhillpublications.co/view-article/1993-5250/ibm.2015.1249.1256