Enterprise Development Management

Version	Summary	Created by	Modification	Content Size	Created at	Operation
1		Łukasz Brzeziński	--	1080	2024-09-25 09:56:46	\|
2	formatted	Vicky Zhou	Meta information modification	1080	2024-09-25 10:09:37	\|

Peer Reviewed

This is a peer-reviewed entry published in Encyclopedia Journal, full entry can be found at 10.3390/encyclopedia4040091

Enterprise development is a multifaceted and strategic endeavor that serves as the cornerstone of an organization’s long-term success and sustainability. It represents not merely growth or expansion but a comprehensive transformation that enhances a company’s capabilities, market presence, and internal processes. This development is driven by a deliberate and systematic effort to improve performance across all areas of business activity, aligning with stakeholders’ aspirations and organizational goals. In this context, enterprise development encompasses the strategic management of the organization’s trajectory through effective planning, execution, and evaluation of development initiatives. It demands an adaptive and responsive approach to the rapidly evolving business environment, where challenges and opportunities arise constantly. This requires leveraging modern management practices and analytical tools to integrate various components of the company’s operations, including human resources, finances, technology, and marketing, fostering a cohesive and dynamic growth strategy. The essence of enterprise development lies in the organization’s ability to remain agile—capable of swiftly responding to market changes while proactively seeking and capitalizing on new opportunities. This involves not only addressing external competitive pressures but also mitigating internal risks, ensuring that the enterprise is well-positioned to navigate and thrive in complex environments. The issues related to the phenomenon of enterprise development refer to the geographical area of the so-called Global North. The aim of this entry is to explore and critically analyze contemporary strategies and models that facilitate effective management and acceleration of enterprise growth, providing a framework for organizations aiming to achieve excellence and innovation in the modern economic landscape.

enterprise development development strategy enterprise development models enterprise development management

An organization, or more precisely, an enterprise, in order to survive in the market, strives for development, which means coordinated changes in the entity’s systems, adapting them to the constantly changing environment. These adjustments are effective if they enable the organization to achieve and maintain a competitive advantage, which is a necessary condition for staying on market. The development processes of an enterprise do not occur automatically; moreover, they are rarely confined within one organization, but on the contrary—they require joint internal and external activities. The management system, organizational skills, and relations with the environment also play important roles. The concept of development refers to the process of transformation and change, leading to more complex or improved states or forms in specific aspects of the functioning of the enterprise ^[1].

It should be noted that enterprise development is a concept that, on the one hand, has extensive literature, but on the other, is ambiguous and imprecise. The variety of definitions indicates various aspects of considerations through which the development of an enterprise should be interpreted. As Matejun ^[2] points out, the discussion on the concept of enterprise development is mainly determined by two different conceptual trends. In the first one, the authors treat the development of the enterprise only as a qualitative phenomenon, contrasting or supplementing it with a separate category of growth (identified as quantity changes). This approach referred to as qualitative-results from the belief that not every company has to grow, but each should develop, if only to adapt to the variability and complexity of the environment. The second trend derives from praxeology, where development is understood as the complementary occurrence of quantitative (organizational growth) and qualitative changes. In this approach, development means not only quantitative phenomena related to the expansion of the enterprise, but also qualitative phenomena, which include such dimensions as: growth, differentiation, structural changes, mastering organizational speed, and balance. What is extremely important is that there are mutual relations between these two dimensions of change.

The method of organizational development is defined as a collection of diverse methodologies that share a common nature. When applied, these methodologies impact one or more subsystems of the organization and alter its qualitative characteristics. All actions taken to ensure the achievement of set objectives are interconnected. Therefore, any decision to alter the form of an organization’s existence inevitably results in changes to the management system, including its structure, processes, and methods. Variations in technology lead to the creation of new production and labor management systems, which in turn support the necessary measures for effective human resource management ^[3]^[4].

Based on the above, enterprise development can be defined as a process of continuous improvement and adaptation of the organization in order to achieve higher levels of efficiency, competitiveness, and sustainable growth. It includes a number of activities aimed at increasing the company’s ability to respond to market changes, innovate products and services, and improve internal processes. The development of a company can be considered in quantitative terms, such as revenue growth or market expansion, and qualitative categories, such as improving organizational culture, increasing employee competencies, or enhancing customer satisfaction. The key element of this process is management, which integrates various aspects of the company’s activities into a coherent and effective whole, enabling the achievement of long-term goals.

The concept of enterprise development is multifaceted, and its interpretation varies significantly across different global contexts, particularly between the Global North and South. In the Global North, organizational development often emphasizes innovation, technological integration, and advanced management systems to maintain competitive advantage in rapidly evolving markets. Here, enterprises might focus on leveraging cutting-edge technology and data analytics to drive efficiency and customer engagement.

Conversely, in the Global South, enterprise development might prioritize local community engagement and sustainable practices that address socio-economic challenges. In these regions, development strategies often incorporate capacity building and resource optimization to overcome infrastructural constraints and tap into local market opportunities. This nuanced understanding is crucial, as it reflects the diverse challenges and opportunities that enterprises face globally.

This entry contributes to the broader discourse on enterprise development by examining contemporary strategies and models that are used in these diverse contexts. By incorporating relevant parameters such as cultural, economic, and technological differences, it aims to provide valuable insights for both academics and practitioners. The aim is to highlight the adaptability of enterprise development strategies to various global challenges, making the work not only relevant but also practical for a wide audience. This entry consists of two parts. The first part describes enterprise development models based on the organizational life cycle, indicating their strengths and weaknesses, as well as their relevance in the context of contemporary business conditions. The second part describes modern approaches related to managing enterprise development through a strategic approach or activities related to a certain type of organizational philosophy—which is currently an important aspect of enterprise development.

References

Kamińska, A. Stymulatory i bariery rozwoju małych i średnich przedsiębiorstw w Polsce. Zarządzanie Teor. Prakt. 2015, 11, 25–32. (In Polish)
Matejun, M. Absorpcja Wsparcia w Zarządzaniu Rozwojem Mikro, Małych i Średnich Przedsiębiorstw—Podejście Strategiczne; Wydawnictwo Politechniki Łódzkiej: Łódź, Poland, 2015; p. 26.
Saunders, A.; Cornett, M.M.; McGraw, P.A. Financial Institutions Management: A Risk Management Approach; McGraw-Hill/Irwin: New York, NY, USA, 2006; Volume 8.
Kwilinski, A. Implementation of Blockchain Technology in Accounting Sphere. Acad. Account. Financ. Stud. J. 2019, 23, 1–6.

© Text is available under the terms and conditions of the Creative Commons Attribution (CC BY) license; additional terms may apply. By using this site, you agree to the Terms and Conditions and Privacy Policy.

Upload a video for this entry

Information

Subjects: Business

Contributor MDPI registered users' name will be linked to their SciProfiles pages. To register with us, please refer to https://encyclopedia.pub/register :

Łukasz Brzeziński

View Times: 218

Online Date: 25 Sep 2024

Table of Contents

Video Upload Options

Confirm

References