Characteristics of strategic changes in quality industrial business development

Authors

  • Nada Živanović MB University in Belgrade, Faculty of Business and Law
  • Goran Babić MB University in Belgrade, Faculty of Business and Law
  • Robert Latin MB University in Belgrade, Faculty of Business and Law
  • Slavko Tomašković MB University in Belgrade, Faculty of Business and Law

DOI:

https://doi.org/10.23925/2179-3565.2025v16i1p74-81

Keywords:

Industrial business, Strategic efficiency, Characteristics, Management changes, Product quality, Market operations

Abstract

Producing a quality product today is a very complex issue that requires the implementation of a successful managerial business philosophy. This means that a modern and attractive product label with a clear message should be designed. Research shows that industrial business and production activity must form a homogeneous system that cannot function successfully without integration with national and international standards that ensure high quality products and services. How to organize teams for efficient company work is the most important job and task of management. The goal is to implement operational and efficient production based on the incorporation of modern marketing, especially when presenting products to the public, that is, through successful product advertising. Theory and practice show that teams are important for the realization of efficient business processes that provide the necessary quality business variables that are complementary to today's market requirements. Consequently, positive expectations are ensured through feedback. it is effectively possible to find out what the consumer's reactions are to the given variables incorporated in the product itself. According to the research data, an important characteristic of the business operations of today's industries is related to the connection with international trade chains that ensure the creation of space for greater perspectives of each industry, then the creation of greater opportunities for export, for more effective monitoring of changes due to global trends, as well as a greater level of knowledge, abilities and the skill of management to more quickly and efficiently develop the right values, norms, and to more efficiently harmonize its operations with market expectations. Bearing in mind the fact that the economic system at the global level is determined by three important categories: external environment, internal environment and strategic development, it is necessary to implement and improve the development of all relevant factors that make up the structure of important determinants without which today it would not be possible to achieve a quality product, success and profit of the company. That is why it is important to analyze the important characteristics of strategic changes that determine the development of quality in industries, economic changes, management, the influence of social networks, environmental issues, etc. on the market business environment at the national or global level.

References

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https://smallbusiness.chron.com/happens-organization-changes-its-strategy-2690.htm6

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Published

2025-03-31