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Use of Management Audit by Small and Medium-Sized Enterprises in Business - Managerial Practice

Author

Listed:
  • Romana Pichova
  • Daniel Rauser

Abstract

Purpose: The paper´s primary objective is to emphasize and remind mainly small and medium-sized enterprise owners and managers of the magnitude of bringing the frequently neglected management audit into practice as an essential aid to broad assessment of the management systems. Design/Methodology/Approach: In order to review a management system used within an enterprise or in business practice in the present conditions, one may come across a variety of procedures and/or steps that may be followed. However, the majority of them appear to be specifically oriented, and particular factors influencing both the efficiency and quality of that system are subsequently assessed rather individually than completely. Findings: Management audit, which may be regarded as a unique tool for comprehensive evaluations of the currently used enterprise management systems affects the factors for an effective managerial practice on a large-scale level. Practical Implications: To introduce practical applications of the authors´ formerly published principles of systemic approach to management audit implementation and their developed concepts of audited areas, including given sectors. Originality/Value: The main effort of company owners and/or managers should consist in increasing the internal stability of their businesses on the basis of efficient and high-quality management as means of contributing to long-term success in the market.

Suggested Citation

  • Romana Pichova & Daniel Rauser, 2019. "Use of Management Audit by Small and Medium-Sized Enterprises in Business - Managerial Practice," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 309-322.
  • Handle: RePEc:ers:journl:v:xxii:y:2019:i:2:p:309-322
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    File URL: https://ersj.eu/journal/1441/download
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    References listed on IDEAS

    as
    1. Hirdinis M, 2019. "Capital Structure and Firm Size on Firm Value Moderated by Profitability," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(1), pages 174-191.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Small and Medium-sized Enterprises (SME); management audit; systemic approach; audited areas;
    All these keywords.

    JEL classification:

    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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