IDEAS home Printed from https://ideas.repec.org/a/bco/mbrqaa/v26y2023p53-60.html
   My bibliography  Save this article

Conditions for Corporate Business Excellence at the Global Level

Author

Listed:
  • Nada Živanović

    (Faculty of Business and Law, University "MB" Belgrade, Serbia)

  • Slavko TomaÅ¡ković

    (Ph.D. student, University of MB, Faculty of Business and Law, Belgrade, Serbia, Teodora Drajzera 27, 11000 Belgrade)

  • Robert Latin

    (Ph.D. Prof., University of MB, Faculty of Business and Law, Belgrade, Serbia, Teodora Drajzera 27, 11000 Belgrade)

  • Darko Popadić

    (Faculty of Business and Law, University "MB" Belgrade, Serbia)

Abstract

Achieving excellence in business management practices in corporations and other business systems is imperative that focuses on managerial and leadership responsibility and commitment. What is at stake is the significant and fundamental readiness of leaders and managers to execute business planning strategies within the framework of new changes that should bring about the successful implementation of business. This is achieved if there are good foundations for people's actions, based on emotions for successful work, positive interpersonal relationships, motivation, etc. The goal is that managerial and leadership activities are focused on entrepreneurial activities, higher productivity, and other common values for creating excellent and profitable companies. The question arises, "How do today's communication equations change the style of an effective leader and manager?" The difference in business when it comes to the leadership of today's 21st century and the past 20th century, exists in the organization of business to provide services to customers. This means that communication is of great importance in the management and leadership of large and small organizations in the world. The assumption is that the existence of virtual conducting of meetings and the application of virtual reality tools has its own value that may exist even in 2024, but the attitude towards the significant values of business organizations imposed by such tools cannot be changed. For business development, one should keep in mind the importance of key performances and characteristics of global production, such as: business excellence, consumer demands for high quality products and services, quality communications, marketing, business topicality of social networks, distribution of information, goods and services, and consumption around the world, new technologies, sizes and structures of companies in the industry, etc. Accordingly, the role of managers and leaders is to understand the new premises of global production in industrial areas at the world level. To fulfill the necessary conditions of excellence, attention is directed to the research of strategic changes viewed through the prism of management and leadership, which will conceive a structured organizational framework. Such a method requires a top leader to formulate business perfection by putting people in the right place, as well as his own willingness to help people solve all business tasks that will become more and more difficult and complex in the future.

Suggested Citation

Handle: RePEc:bco:mbrqaa::v:26:y:2023:p:53-60
DOI: 10.32038/mbrq.2023.26.04
as

Download full text from publisher

File URL: https://api.eurokd.com/Uploads/Article/662/mbrq.2023.26.04.pdf
Download Restriction: no

File URL: https://libkey.io/10.32038/mbrq.2023.26.04?utm_source=ideas
LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
---><---

Corrections

All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bco:mbrqaa::v:26:y:2023:p:53-60. See general information about how to correct material in RePEc.

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

We have no bibliographic references for this item. You can help adding them by using this form .

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sara Gunen (email available below). General contact details of provider: .

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.