Title: Use of management tools and return on equity

Authors: Damijan Kreslin; Štefan Bojnec; Mirko Markič; Annmarie Gorenc Zoran

Addresses: Faculty of Management, University of Primorska, Izolska vrata 2, 6000 Koper, Slovenia ' Faculty of Management, University of Primorska, Izolska vrata 2, 6000 Koper, Slovenia ' Faculty of Management, University of Primorska, Izolska vrata 2, 6000 Koper, Slovenia ' Faculty of Organisation Studies, Ulica Talcev 3, 8000 Novo Mesto, Slovenia

Abstract: The purpose of this research was to determine if there is a relationship between the use of management tools and techniques (MTTs) and selected factors on a company's performance (i.e., return on equity). The results showed that when managers were satisfied with the use of MTTs, companies increased their return on equity. Moreover, managers do not have enough knowledge or understanding of modern tools to promote ideas, and renovate the business environment to create value. They spend too much time solving operational problems and neglect to identify the company's competencies, leadership skills and vision for the company's development.

Keywords: management; development; strategy; management tools; return on equity; ROE; company; model; decision.

DOI: 10.1504/IJMED.2021.119520

International Journal of Management and Enterprise Development, 2021 Vol.20 No.4, pp.347 - 362

Received: 14 Apr 2020
Accepted: 04 Jun 2021
Published online: 08 Dec 2021 *

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