TITLE

STRATEGIC EARLY WARNING SYSTEMS AND INFORMATION TECHNOLOGY SUPPORT IN CROATIAN FIRMS

AUTHOR(S)
Labaš, Davor
PUB. DATE
January 2012
SOURCE
Conference Proceedings: International Conference of the Faculty ;2012, p150
SOURCE TYPE
Conference Proceeding
DOC. TYPE
Article
ABSTRACT
The current crisis has stressed how firms in order to survive and prosper in turbulent times need to efficiently and systematically prepare for, anticipate, and evaluate the changes in their business environment. This paper aims to assess on several levels the present stand of strategic early warning practices within Croatian firms. Such systems provide the necessary approach to better business environment understanding, and conversely to more efficient business planning. Since it is nearly impossible for the firms to efficiently foresee, and register numerous signals and trend changes without the use of information technologies, this work will along the lines of exploring the environmental scanning practice, also touch on several information technologies concepts which improve the environmental scanning: business intelligence, organizational learning and knowledge management. This paper in its primary empirical research explores the current use and level of development of early warning practices in Croatian firms. The objectives are to provide answers to following environmental scanning questions: the level of environmental scanning implementation, identification of the most used sources for gathering external environment information, explore the information exchange in corporate culture, and the existence of standard reporting, asses the level of management support for environmental scanning practices, and the analysis and dissemination of gathered environmental information, evaluate knowledge management practices, identify business intelligence tools used, as well as rate the perception of usefulness of early warning practices. The statistical analysis proceeded to give the answer to main objective of this paper: is there a statistically significant difference present between the firm's success (as measured by criteria of revenue and profit) and the differences in level of systematic and continuous environmental scanning? It is hypothesized that the more successful firms which have a higher profit also have more developed environmental scanning practices. Empirical data was collected through e-mail survey questionnaire sent to firms Chief Financial Officers, Controlling and Information Technology officers, from a random sample (N=150). In total, 47 fully answered questionnaires were collected (rate of response 31%). The results of analysis stress the importance of management support in establishment of early warning systems, and the significance of information technologies role in environmental scanning and early warning systems. The findings also confirm the presence of direct, statistically significant positive relationship between the business success and efficient environmental scanning practice. Subsequently, these results can serve as a stimulus for managers to further implement and improve their strategic early warning scanning practices.
ACCESSION #
85635265

 

Related Articles

  • Building the knowledge society. Dempsey, Noel // OECD Observer;Mar2004, Issue 242, p7 

    Suggests that nations' search for competitive advantage in the global knowledge economy has led public policy-makers to focus on education as a key factor in strengthening competitiveness, employment and social cohesion. Increasing complexity of economies; Role of education in driving the...

  • When Best Practices Meet The Intranet, Innovation Takes a Holiday. Schrage, Michael // Fortune;3/29/1999, Vol. 139 Issue 6, p198 

    Comments on the tyranny of corporate knowledge-management networks and best practice databases. Best practice as a compliance tool; How databases smother innovation; The disease-management databases at Memorial Sloan-Kettering; The conflict between innovative and conservative responses to best...

  • The potential of personal intelligence.  // KM World;Oct2010, Vol. 19 Issue 9, p1 

    The article reports on the introduction of a new cloud-based business intelligence (BI) service Targit Personal Intelligence (Targit PI) by Danish software company Targit and its U.S. subsidiary which was designed for non-technical users to gain overview into data.

  • What's Your Organization IQ? BUCKHOLTZ HOLLIS, ROBIN // Chief Learning Officer;Jun2013, Vol. 12 Issue 6, p12 

    In this article the author discusses why it is important that leaders understand how to achieve organizational success. Topics include the author's belief that organizations can get collectively smarter, the impact of organization intelligence (OrglQ) on business outcomes, and the author's...

  • The Limits of Business Intelligence: An Organizational Learning Approach. Kurtyka, Jerry // DM Review;Jun2003, Vol. 13 Issue 6, p36 

    Examines the theoretical limits of business intelligence technology as an aid to the process of organizational learning. Limits of business intelligence design; Discussion of business intelligence and organizational learning; Structure of organizational knowledge.

  • IMPLEMENTING BUSINESS INTELLIGENCE SYSTEMS: An Organizational Learning Approach. Kurtyka, Jerry // DM Review;Nov2003, Vol. 13 Issue 11, p42 

    Deals with the implementation of business intelligence (BI) systems. Information on an organizational learning approach; Levels of organizational learning; Impact of learning modes for BI designers; Framework for implementing BI change.

  • An Experimental Evaluation of 3D Avatar-Based Collaboration in Comparison to Text Chat. Schmeil, Andreas; Eppler, Martin; Gubler, Mattia // Proceedings of the International Conference on Intellectual Capi;2009, p245 

    A key prerequisite for effective team collaboration concerns the team members' knowledge about their different backgrounds, skills and experiences. While face-to-face interaction provides multiple opportunities for learning about these vital personal elements informally, a computer-mediated...

  • A GESTÃO DO CONHECIMENTO NA CENTRAL DE ATENDIMENTO DA XBSAÚDE. Wiggers, Iza Daiana; Gonçalo, Claudio Reis; dos Santos, André Moraes // Revista Alcance;Oct-Dec2012, Vol. 19 Issue 4, p574 

    The objective of this teaching case is to analyze the importance of information management and knowledge creation and dissemination, and to evaluate ways that can be used to promote organizational knowledge, in terms of context, structure and culture. It reflects on the advantages that the...

  • eGovernance: Information and Communication Technology, Knowledge Management and Learning Organisation Culture. Berce, Jaro; Lanfranco, Sam; Vehovar, Vasja // Informatica (03505596);Aug2008, Vol. 32 Issue 3, p189 

    Changes in information and communication technology (ICT) require continuous modifications in contemporary organizations and in corresponding work processes. The integration of new technologies is highly correlated with the emerging principles of knowledge management (KM) and learning...

Share

Read the Article

Courtesy of NEW JERSEY STATE LIBRARY

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics