STRATEGIC MANAGEMENT PROCESS BY ENTERPRISE RESTRUCTURINGDragan Milovanović, Saša Vučenović |
Published 10/31/2018 |
ABSTRACT
In the management there are many different approaches, directions, schools and theories, aimed at improving the results of managing individual processes in the enterprise. Analyzing the trends in the business of successful companies in the world, we recognize the need to restructure the company. Restructuring of certain types of strategy, structure or position of the company in most cases did not give us the required results. For this reason, we emphasize the need for a strategic approach in managing the enterprise restructuring process. A strategic approach must be understood as a specific managerial philosophy or concept that is immanent to all business processes and permeates the entire organization. Increasing the flexibility and readiness to change is the first requirement for entering the restructuring process of the company. Analyzing the results of the restructuring process of domestic and foreign companies, we saw the shortcomings of a precisely strategic approach, which is also a labor mission. Also, the paper aims to point out the ratings and position of the Republic of Srpska and BiH in the restructuring processes in relation to other transitional countries.
Keywords: strategy, management, program, restructuring, process.