Identification and Analysis of Key Business Process Management Factors

Ranđelović Aleksandra Stoiljković (), Milojević Radenko () and Radosavljević Marija ()
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Ranđelović Aleksandra Stoiljković: PhD student, University of Niš, Faculty of Economics, Republic of Serbia
Milojević Radenko: University of Niš, Faculty of Economics, Republic of Serbia
Radosavljević Marija: University of Niš, Faculty of Economics, Republic of Serbia

Economic Themes, 2018, vol. 56, issue 1, 57-78

Abstract: Under the conditions of ever-increasing competition in the market, companies can reach a competitive advantage only with flexible offer of quality superior and cheaper products/services. In order to achieve this, companies must carry out innovative and effective business processes and manage them appropriately. In this regard, it is important to identify the factors that may be considered critical for improving business process management. The aim of this paper is to identify and analyse key business process management factors, on the example of the electronic industry. The research results show that the factors that are usually accepted as the most important for increasing the maturity of business process management are not recognised as dominant in the electronic industry. One of the findings of the survey reveals, as the main lagging factors, four of the six most important factors for the successful implementation of business processes. Based on results of the research, Managing employees has been detected as the most important maturity factor for companies from the electronic industry; hence, the suggestion is further improvement within this field.

Keywords: process orientation; business process management; maturity factors; and electronic industry (search for similar items in EconPapers)
JEL-codes: L25 M12 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:ecothe:v:56:y:2018:i:1:p:57-78:n:4

DOI: 10.2478/ethemes-2018-0004

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