Strategic management controlling system and its importance for SMEs in the EU

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The current hyper-competitive environment offers many great opportunities for small and medium-sized businesses (SMEs), but on the other hand, this business environment is also hazardous. SMEs are a significant economic power and employer in the European Union. Their competitiveness and long-term stability are a crucial factor for European cohesion and economic growth. The research aim is to design a strategic management controlling system that should be implemented to SMEs and be useful for their long-term future development. The study was conducted in 2017–2020 based on data from 403 SMEs. The PAPI method was used to collect data. The implications between defined variables controlling, ROA, turnover, financial analysis, and strategic management were explained, and the results obtained from an in-depth analysis were indicated. The research was concluded by a model of strategic management controlling system tested by experimental in-practice implementation on SMEs and verified. The model and the research findings are suitable for business practice and should support the long-term stability and development of SMEs.

Acknowledgment
The paper has been prepared within the project “Risk Management in Industry 4.0” (7427/2019/02 IGA VŠFS) using the objective oriented support for specific university research of the University of Finance and Administration.

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    • Figure 1. Operative and strategic controlling implementation at the surveyed SMEs
    • Table 1. Pearson correlation analysis
    • Table 2. Model construction, dependent variable Strategic management
    • Table 3. Model summary
    • Conceptualization
      Miroslav Pavlák, Přemysl Písař
    • Data curation
      Miroslav Pavlák, Přemysl Písař
    • Formal Analysis
      Miroslav Pavlák
    • Funding acquisition
      Miroslav Pavlák
    • Project administration
      Miroslav Pavlák, Přemysl Písař
    • Resources
      Miroslav Pavlák, Přemysl Písař
    • Writing – original draft
      Miroslav Pavlák, Přemysl Písař
    • Writing – review & editing
      Miroslav Pavlák, Přemysl Písař
    • Investigation
      Přemysl Písař
    • Methodology
      Přemysl Písař
    • Software
      Přemysl Písař
    • Visualization
      Přemysl Písař
    • Validation
      Přemysl Písař