Analysis of Electronic Business of European Union and Serbia Companies Based on the LMAW-DNMA Method

Radojko Lukic ()

Informatica Economica, 2023, vol. 27, issue 3, 29-44

Abstract: Modern companies perform their business activities in the classic way and electronically. Recently, there is an increasingly pronounced trend for companies from all countries of the world, which means both the European Union and Serbia, to conduct business activities electronically. Electronic business enables the performance of business activities in real time, without geographical and time barriers. The effects of electronic business are, among other things, an increase in sales, a reduction in costs and thus an increase in profits. In this paper, the trend and rankings of the electronic business of companies in the European Union and Serbia are comparatively analyzed. The general conclusion is that the participation of electronic business in the overall business of companies in the European Union and Serbia is increasing. This is almost the case with companies all over the world. The electronic business of Serbian companies is at a lower level compared to companies in the European Union. It is also at a lower level compared to companies in Croatia and Slovenia. Considering the positive effects of electronic business, it is necessary for Serbian companies to invest as much as possible in information and communication technology.

Keywords: Website; Use of Enterprise Resource Planning (ERP); Use of Customer Relationship Management (CRM); enterprise; European Union; Serbia; LMAW-DNMA method (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://revistaie.ase.ro/content/107/03%20-%20lukic.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aes:infoec:v:27:y:2023:i:3:p:29-44

Access Statistics for this article

Informatica Economica is currently edited by Ion Ivan

More articles in Informatica Economica from Academy of Economic Studies - Bucharest, Romania Contact information at EDIRC.
Bibliographic data for series maintained by Paul Pocatilu ().