THE ROLE OF CONTROLLING IN TIMES OF CORONA CRISIS: EMPLOYEES’ PERCEPTION
Journal: Zbornik Veleučilišta u Rijeci - Journal of the Polytechnic of Rijeka (Vol.10, No. 1)Publication Date: 2022-05-20
Authors : Vlasta Roška Vesna Sesar Anđelka Buneta;
Page : 21-36
Keywords : Corona crisis; company’s efficiency; controlling; management; strategy adjustment;
Abstract
Controlling represent company's bloodstream and in time of crisis, it comes to the fore since management strives for quality information's to make the right decisions under uncertain conditions. Those quality decisions come from joint cooperation between well-educated controllers who can develop the right solutions and managers who are goal-oriented and need those solutions promptly. This need is more emphasized in times of corona crisis since nothing similar has ever happened before. The authors of the paper examine the respondents' perception about the contribution of controlling in enabling companies' survival in time of corona crisis through the increase of business process efficiency, as well as through business operations reorientation and strategy adjustment which enabled maintenance and stabilization in the first days of the corona crisis and during partial lockdown in Croatia. In order to test the set hypotheses after the usual descriptive statistics the Kruskal- Wallis H test was used on a sample of 180 companies in Croatia. A statistically significant correlation was confirmed between the role of controlling; i) in increasing the efficiency of business processes; ii) in adjusting the business reorientation; iii) in adjustment of business strategy. All employees from different hierarchical levels are aware the contribution and effectiveness of controlling in the corona crisis. This research is the basis for further research on role of controlling in times of crises.
Other Latest Articles
- The Real Confessions of Indian Women Writers through their Work
- The portrayal of the Theme of Guilt and search for Redemption in “The tell- tale heart” and “The black cat”
- Personnel Management Practices in Relation to Teachers’ Teaching and School Performance
- Navigating Engagement with Iran: Exploring US Strategies and Options: A Futuristic Scenario and Review
- Role of ESG Investment on Firm's Performance: An Empirical Study of Experts' Opinion
Last modified: 2024-04-10 21:15:38