Modelling the Influence of Management Practices on Sustainable Market Performance in Serbian Enterprises

Mina Mazić, Edit Terek Stojanović, Sanja Stanisavljev and Mihalj Bakator ()
Additional contact information
Mina Mazić: Academy of Technical-Art Professional Studies Belgrade, School of Design, Technology and Management, Starine Novaka 24, 11000 Belgrade, Serbia
Edit Terek Stojanović: Technical Faculty “Mihajlo Pupin” in Zrenjanin, University of Novi Sad, Djure Djakovica bb, 23000 Zrenjanin, Serbia
Sanja Stanisavljev: Technical Faculty “Mihajlo Pupin” in Zrenjanin, University of Novi Sad, Djure Djakovica bb, 23000 Zrenjanin, Serbia
Mihalj Bakator: Technical Faculty “Mihajlo Pupin” in Zrenjanin, University of Novi Sad, Djure Djakovica bb, 23000 Zrenjanin, Serbia

Sustainability, 2024, vol. 16, issue 19, 1-30

Abstract: In the evolving global market, new business conditions necessitate that enterprises adapt and construct organizational structures grounded in new principles and the implementation of contemporary management methods. This is particularly crucial for enterprises in transitional economies, which need to be highly flexible and innovative to meet the increasing demands of users swiftly, employ modern management techniques, and gain a competitive edge. The modern business environment assumes that there are very few products, technologies, services, knowledge areas, or procedures unavailable to interested groups worldwide. This study examines the influence of modern management methods and techniques (MMMTs), human resource management (HRM), quality management (QM), and intellectual capital management (ICM) on the sustainable market performance (SMPC) of these enterprises. A structured survey was conducted among 146 managers from various Serbian industrial enterprises, and the data were analyzed using descriptive statistics, Pearson correlation analysis, linear regression, and multicollinearity tests. The results revealed significant positive correlations between MMMTs, HRM, QM, ICM, and SMPC, with quality management having the highest impact. These findings provide valuable insights for improving business competitiveness in Serbia’s industrial sector. The results also support the development of an integrated model for sustainable management practices in transitional economies.

Keywords: modern management methods; quality management; business environment; sustainability; intellectual capital management (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/2071-1050/16/19/8481/pdf (application/pdf)
https://www.mdpi.com/2071-1050/16/19/8481/ (text/html)

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:gam:jsusta:v:16:y:2024:i:19:p:8481-:d:1488734

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().