Applications for Organisation Management Strategy [7]
论文作者:匿名论文属性:短文 essay登出时间:2009-06-07编辑:刘宝玲点击率:12212
论文字数:5000论文编号:org200906071521279211语种:中文 Chinese地区:中国价格:免费论文
关键词:ApplicationsOrganisationManagementStrategyobjectives
nces longevity and sustainability of business enterprises.
LIMITATION AND FUTURE STUDIES
The population of this study focuses only upon firms listed on the Securities Exchange of Thailand (SET). This may limit implications of the research findings to whole countries, particularly small and medium-sized enterprises, and other countries, where the environment is significantly different. This also may affect the interpretation of the result of this research for future use.
On the other hand, the possibility of conducting future research can be extended to small and medium-sized enterprises which have significantly adopted the sufficiency economy principles for their sustainability. Further, comparative studies across countries could be interesting, particularly Western and Eastern enterprises where culture and philosophy are vastly different.
CONCLUSION
The summarized overall relationships of the research are displayed in figure 2.
Regarding financial performance, various concepts of the moderation principle, consisting of "leverage financing and capital structure", "appropriate levels of growth and spending", and the "thorough evaluation of investment projects", are influential factors. Suitable levels of financial leverage reduce interest expenses and financial burdens and, thus, increase financial performance. Growth initiatives and resource spending, which have been carefully considered and selected, are likely to enhance a firm's financial return, particularly during uncertain periods. Therefore, the mentioned moderation concepts can be employed in order to strengthen a firm's financial performance.
Interestingly, non- financial performance seems to be significantly influenced by knowledge application and morality conditions. These two conditions are regarded as the solid base for business operations in order to enhance their stability. "Efficient database and environment monitoring" and "integration of CSR into a firm's operations" are of major concern for achieving higher non-financial returns, for instances, customer loyalty, satisfaction and a firm's reputation. An up-to-date database for decision-making and well- integrated social programmes is necessary for achieving the non-financial returns. However, a concept of the moderation principle "thorough evaluation of investment projects" is also important for increasing non-financial performance. Careful consideration of growth initiatives helps reduce investment risks and cope well with unexpected uncertainties, which can strengthen the nonfinancial performance of firms.
To summarize, the moderation principle, knowledge application conditions, and the morality condition are of critical importance to a firm's financial and non- financial performance. In order to enhance a firm's prosperity, neutrality, carefulness and social awareness should lie at fhe heart of business operations and management. This can help enhance the performance, stability, and sustainability of business organizations.
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