Authors: Klemen Kavcic; Maja Meško; Zlatka Meško Štok; Mirko Markic
Addresses: Faculty of Management, University of Primorska, Slovenia ' Faculty of Management, University of Primorska, Slovenia ' Faculty of Management, University of Primorska, Slovenia ' Faculty of Management, University of Primorska, Slovenia
Abstract: The purpose of this study was to determine whether a statistically significant impact exists between management sophistication and certain factors, such as, for example, company size, business activity, ownership, etc., and between selected economic indicators. The study was conducted with the aid of quantitative research methods on a dedicated sample of 98 Slovenian companies. A questionnaire to assess the management of corporate policy was used for the acquisition of data. We found that the majority of the individual components of management sophistication in managing a company's corporate policy had a statistically significant impact in terms of the company's size, profit and added value per employee. A higher level of management sophistication in managing corporate policy depending on the type of capital was found in companies that have either foreign or mixed capital. The results of the study will be useful for both theorists and practitioners in the field of organisational policy as well as for those engaged in strategic management in companies and other organisations.
Keywords: management sophistication; Slovenia; company size; business activity; firm ownership; firm performance; corporate policy; economic indicators; profitability; added value; organisational policy; strategic management.
International Journal of Management and Enterprise Development, 2015 Vol.14 No.1, pp.70 - 88
Received: 24 Jun 2014
Accepted: 25 Mar 2015
Published online: 08 May 2015 *