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Diagnosis of business health

Author

Listed:
  • J. Hron

    (Czech University of Agriculture, Prague, Czech Republic)

Abstract

Every business grows, develops and dies within its life-cycle, dependent on its relations with the external and internal environment. Its "flexibility" and ability to "influence" both the internal and external environment are indications of its "health". A healthy business is characterized by those parameters of its structure and behaviour that encourage its further development in any given environment. The "health" of the business is determined by the level of its homeostasis with the internal and external environment. This kind of health may reach various levels. It is therefore necessary to diagnose it, and to suggest changes in its business strategy and individual parameters. The health of a business should therefore represent a prerequisite of effective behaviour.

Suggested Citation

  • J. Hron, 2004. "Diagnosis of business health," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 50(12), pages 535-542.
    • Handle: RePEc:caa:jnlage:v:50:y:2004:i:12:id:5245-agricecon
    DOI: 10.17221/5245-AGRICECON
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    Citations

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    Cited by:

    1. D. Kudová, 2008. "Internal environment of an agricultural farm," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 54(1), pages 26-31.
    2. H. Chládková, 2006. "Internal environment of a bakery and its analysis," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 52(2), pages 83-88.
    3. K. Ryglová & I. Vajčnerová, 2005. "Potential for utilization of the European customer satisfaction index in agro-business," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 51(4), pages 161-168.
    4. E. Svoboda, 2008. "Strategic decision-making of the company management using the findings of knowledge management," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 54(9), pages 406-412.
    5. P. Tomšík, 2007. "The bonsai management," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 53(7), pages 291-297.

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