Impact of Strategy Change on Business Process Management

Peter Bubenik (), Juraj Capek, Miroslav Rakyta, Vladimira Binasova and Katarina Staffenova
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Peter Bubenik: Department of Industrial Engineering, Faculty of Mechanical Engineering, University of Zilina, 010 26 Žilina, Slovakia
Juraj Capek: Department of Industrial Engineering, Faculty of Mechanical Engineering, University of Zilina, 010 26 Žilina, Slovakia
Miroslav Rakyta: Department of Industrial Engineering, Faculty of Mechanical Engineering, University of Zilina, 010 26 Žilina, Slovakia
Vladimira Binasova: Department of Industrial Engineering, Faculty of Mechanical Engineering, University of Zilina, 010 26 Žilina, Slovakia
Katarina Staffenova: Department of Industrial Engineering, Faculty of Mechanical Engineering, University of Zilina, 010 26 Žilina, Slovakia

Sustainability, 2022, vol. 14, issue 17, 1-23

Abstract: In the pursuit of economic survival in the current competitive conditions with the aim of long-term prosperity and sustainability in the market, many companies today approach significant strategic changes in the management of their business. The purpose of this study is the design of a systematic procedure for implementing strategy changes into internal business processes for a project-oriented production type of organization. The proposed methodology contains steps where the selection and verification of key performance indicators at individual levels of management takes place. Furthermore, their monitoring and quantification of the impact of the change in strategy on internal company processes. The result of the study explains how the management can monitor and evaluate the chosen processes in accordance with the fulfilment of the chosen strategy of the company, which supports the systematic introduction of changes in the processes with the aim of sustaining the company’s performance.

Keywords: advanced industrial engineering; strategy; management; business processes; business performance; key performance indicators (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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