Acta Univ. Agric. Silvic. Mendelianae Brun. 2015, 63(5), 1679-1686 | DOI: 10.11118/actaun201563051679

The Impact of Strategic Management on Selected Financial and Economic Results of Agricultural Enterprises Operating in the Slovak Republic

Mária Kadlečíková, Michal Filo, Zuzana Kapsdorferová, Alexandra Malejčíková
Department of Management, Faculty of Economics and Management, Slovak University of Agriculture in Nitra, Tr. A. Hlinku 2, 949 76 Nitra, Slovak Republic

Strategic management is usually described as a process that begins with a mission statement and tends to the choice and implementation of the most suitable strategy and strategic control. Despite the protracted adverse situation which has afflicted the Slovak agricultural sector, a properly selected strategy may be the impetus behind the more progressive financial and economic results achieved by some agricultural holdings in comparison with their competitors who have experienced difficulties in adjusting to a dynamically evolving external environment. The main outcome of the submitted article is the assertion that agricultural holdings which devoted greater attention to strategic management have performed better in terms of economic results, especially business success based on Earnings before Taxes (EBIT), EBIT per one employee and per one hectare of agricultural land.

Keywords: strategic management, management, implementation, agriculture, profitability

Prepublished online: October 29, 2015; Published: December 1, 2015  Show citation

ACS AIP APA ASA Harvard Chicago IEEE ISO690 MLA NLM Turabian Vancouver
Kadlečíková, M., Filo, M., Kapsdorferová, Z., & Malejčíková, A. (2015). The Impact of Strategic Management on Selected Financial and Economic Results of Agricultural Enterprises Operating in the Slovak Republic. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 63(5), 1679-1686. doi: 10.11118/actaun201563051679
Share...
Download citation
  • BibTeX (.bib)
  • Bookends (.ris)
  • EasyBib (.ris)
  • EndNote (.enw)
  • EndNote 8 (.xml)
  • ISI WoS (.isi)
  • Medlars (.medlars)
  • Mendeley (.ris)
  • MODS (.xml)
  • Papers (.ris)
  • RefWorks (.txt)
  • RefManager (.ris)
  • RIS (.ris)
  • MS Word (.xml)
  • Zotero (.ris)
    • Open full article

    References

    1. BLA©KO, R. 2007. Mathematical Analysis. [online]. Available at: [Accessed: 2012/01/10].
    2. D®UPINA, M. 2006. The Evaluation of Strategic Management in Selected Agri business Companies. PhD Thesis. Nitra: SPU in Nitra.
    3. FIELD, A. 2009. Discovering Statistics Using SPSS. 3rd edition. London: SAGE Publications.
    4. GREGOVÁ, E. 2006. Strategic Management as the Factor of Competitiveness Upgrading in the Enterprise. [online]. Management in Theory and Practice: on-line scientific journal about new trends in management, 2(2). Available at: [cit.2013-01-03].
    5. GURČÍK, Ą. 2004. Business Analysis. 2nd edition. Nitra: SPU v Nitre.
    6. GURČÍK, Ą. and MILKLOVIČOVÁ, J. 2009. Examples for Seminars from Financial and Economic Analysis. Nitra: SPU v Nitre.
    7. HUBER, A. 2006. Die grundlage jeder Basis ist das Fundaments Strategische Planung in der Klemme. Berlin: Phius Institut fur Unternehmensstrategie.
    8. JABLONSKÝ, J. and DLOUHÝ, M. 2004. Models for Evaluation of Efficiency of Production Units. Prague: Kamil Marík - Professional Publishing. Go to original source...
    9. KOTULIČ, R., KIRÁLY, P. and RAJČÁNIOVÁ, M. 2007. Enterprise's Financial Analysis. Bratislava: Iura Edition.
    10. KUTSCHEID, M. 2014. Systematic Strategy Development in Private and Public Companies. PhD Thesis. Nitra: Slovak University of Agriculture in Nitra.
    11. MARDSR. 2006-2010. Informative Letters of the Ministry of Agriculture and Rural Development of the Slovak Republic. Bratislava: Ministry of Agriculture and Rural Development of the Slovak Republic.
    12. MEIER, K. J., O'TOOLE, JR., L. J., BOYNE, G. A., WALKER, R. M. 2006. Strategic Management and the Performance of Public Organizations: Testing Venerable Ideas against Recent Theories. Journal of Public Administration Research and Theory, 17(3): 357. doi:10.1093/jopart/mul017. DOI: 10.1093/jopart/mul017 Go to original source...
    13. NAGYOVÁ, Ą. et al. 2012. Recent Tendencies in the Production and Sale of Selected Agricultural and Food Products in the Slovak Republic. Nitra: SPU v Nitre.
    14. NOVÁKOVÁ, ©. 2010. Internationalization of Small and Medium-Size Enterprises in the Machine Industry of the Czech Republic. Bachelor thesis. Brno: Mendel University in Brno.
    15. RUBLÍK, F. 2011. Non-parametric Methods. Bratislava: Science, Publishing Centre of the Slovak Academy of Sciences.
    16. SEDLÁK, M. 2009. Management. 4th edition. Bratislava: Iura Edition.
    17. SHESKIN, D. J. 2004. Handbook of Parametric and Non-parametric Statistical Procedures. 3rd ed. Boston: Chapman & Hall/CRC. Go to original source...
    18. SZABO, Ą. and JANKELOVÁ, N. 2006 a. The Success Factors of the Slovak Agrarian Holdings. Bratislava: Ekonóm.
    19. SZABO, Ą. and JANKELOVÁ, N. 2006 b. Strategic Management in the Agricultural Holdings of the Slovak Republic. Acta Oeconomica et Informatica, 9(2): 37-42.
    20. VARO©ČÁK, J. and IZAKOVIČ, T. 2007. Assumptions of Strategic Profits Planning in Agricultural Holdings. Bratislava: VÚEPP.
    21. ®UFAN, P. and CHLÁDKOVÁ, H. 2008. Czech Wine Production and its Competitiveness. Munich: University of Munich.

    This is an open access article distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC BY NC ND 4.0), which permits non-comercial use, distribution, and reproduction in any medium, provided the original publication is properly cited. No use, distribution or reproduction is permitted which does not comply with these terms.


    Return to the content