If Development, Then Sustainability

• Main Author: Bóna Péter
• Format: Article
• Language: English
• Published: Sciendo 2015-12-01
• Series: Acta Universitatis Sapientiae: Economics and Business
• Subjects: balanced scorecard; strategy; success; sustainability; m10; m12; m14
• Online Access: https://doi.org/10.1515/auseb-2015-0002

The aim of this study is to explore how the effects of components belonging to the concept of strategic management system influence outstanding achievement and success in the processing industry in Hungary as well as the sustainability success component within that. In order to do that, the study defines the factors having an influence. Thereafter, it explains the successful operation of companies with the help of factors emerging via path analysis using regression models. It uses the balanced scorecard as a tool for success criteria describing success. This is a non-market aspect that has an impact on the whole system, making it of crucial importance. Via the exploration of effects, it can be shown the deliberate use of those factors that generate outstanding results and success from the point of view of sustainability, and thus internal development, customer appreciation, and financial success. By taking the results of the research into consideration, it will also be revealed that success factors in the processing industry in Hungary have the most direct and the largest impact on outstanding sustainability performance.