International Journal of Industrial Engineering and Management
Volume 10, Issue 1, March 2019, PP 105-114
http://doi.org/10.24867/IJIEM-2019-1-105

Exploring the Business Planning Practices in SMEs in a Developing Country

Andrea Ivanisević, Alpar Lošonc, Slobodan Morača, Petar Vrgović, Ivana Katić
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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 INFO

Key words: business plan, control, environment, uncertainty, feedback
Article history: Received (28.12.2018); Revised (21.01.2019); Accepted (20.02.2019)
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