International Journal of Industrial Engineering and Management

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Vol. 10 No. 1 (2019)
Original Research Article

Exploring the Business Planning Practices in SMEs in a Developing Country

Andrea Ivanisević
University of Novi Sad, Faculty of Technical Sciences
Bio
Alpar Lošonc
University of Novi Sad, Faculty of Technical Sciences
Bio
Slobodan Morača
University of Novi Sad, Faculty of Technical Sciences
Bio
Petar Vrgović
University of Novi Sad, Faculty of Technical Sciences
Bio
Ivana Katić
University of Novi Sad, Faculty of Technical Sciences
Bio

Published 2019-03-30

abstract views: 58 // FULL TEXT ARTICLE (PDF): 0


Keywords

  • business plan,
  • control,
  • environment,
  • uncertainty,
  • feedback

How to Cite

Ivanisević, A., Lošonc, A., Morača, S., Vrgović, P., & Katić, I. (2019). Exploring the Business Planning Practices in SMEs in a Developing Country. International Journal of Industrial Engineering and Management, 10(1), 105–114. https://doi.org/10.24867/IJIEM-2019-1-105

Abstract

This paper analyzes the situation in the field of business planning in small and medium enterprises in Serbia, as well as the attitudes of managers towards a business planning system introduced in the enterprise. The aim of this paper is to determine whether the enterprises which have introduced such a planning system have it as a formal process, and if they do, is the implementation monitored throughout a year, and also, are any measures taken in case of deterioration of business and poor business results, in order to achieve more rational business i.e. is adequate monitoring applied in line with the feedback system?

 

Article history: Received (28.12.2018); Revised (21.01.2019); Accepted (20.02.2019)  

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