Effectiveness factors of small and medium-sized enterprises from the perspective of corporate culture: A case study in Slovakia

Silvia Lorincova, Milos Hitka, Jozef Durian () and Daniel Rauser
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Silvia Lorincova: Technical University in Zvolen
Milos Hitka: Technical University in Zvolen
Jozef Durian: Matej Bel University
Daniel Rauser: Institute of Technology and Business in Ceske Budejovice

E&M Economics and Management, 2024, vol. 27, issue 1, 145-160

Abstract: To reach business success, a company can use and manage a lot of seemingly inconspicuous and useful tools. One of them is corporate culture. The purpose of the paper is to define the factors that affect business efficiency from the perspective of corporate culture. The Organizational Culture Assessment Instrument (OCAI) was used. For data analysis, the Beta regression method, inductive statistics, and Tukey’s test were used. Based on the research results, it can be stated that there are significant differences in factors that affect the business efficiency of small and medium-sized enterprises in Slovakia from the perspective of corporate culture. The results show that effectiveness factors typical for clan corporate culture, such as teamwork, communication, loyalty, and human resource development, are applied in small enterprises. However, medium-sized enterprises are dominated by a hierarchical corporate culture with an emphasis on regulations, procedures, stability, control, and accuracy of management. It can be concluded that clan corporate culture is the best type of corporate culture for small and medium-sized enterprises in Slovakia. It is recommended to see the success of the enterprise in relation to caring for the people because employees represent a strategic tool in management that can influence the effectiveness of all business processes.

Keywords: Business process effectiveness; corporate culture; OCAI; SMEs (search for similar items in EconPapers)
JEL-codes: A13 M14 (search for similar items in EconPapers)
Date: 2024
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https://doi.org/10.15240/tul/001/2024-1-009

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Persistent link: https://EconPapers.repec.org/RePEc:bbl:journl:v:27:y:2024:i:1:p:145-160

DOI: 10.15240/tul/001/2024-1-009

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