Optimisation of Small Business X Operations

The diploma thesis investigated the optimisation of small business X operations during the transfer to the younger generation and the effects of its restructuring with the aim of increasing competitiveness. At the beginning of the diploma thesis, the company's history is presented to facilitate understanding of the subject matter addressed. The advantages and disadvantages of internal and external accounting services were reviewed, and on the basis of these, an appropriate solution was proposed for more successful operations of company X in the future. During the analysis of company X, it was established that it required staff refreshment, therefore culture and cultural diversity amongst existing employees were examined, and consideration was given to how important cultural diversity is and how it affects the company's operations itself.

Problem

The diploma thesis investigated the optimisation of small business X operations during the transfer to the younger generation and the effects of its restructuring with the aim of increasing competitiveness. At the beginning of the diploma thesis, the company's history is presented to facilitate understanding of the subject matter addressed. The continuation focuses on the subject matter of transferring the company to the younger generation, where the old and new optimised organisational scheme of company X is examined.

Due to the obsolescence of the system, it was necessary to restructure the company so that it could operate successfully in the future. For this reason, the subject matter of restructuring is addressed due to the company's poorer performance in the previous period and poor relations amongst employees that arose during the transfer of the company to the younger generation. Amongst the restructuring measures, the issue of accounting in the company was investigated.

Results

The advantages and disadvantages of internal and external accounting services were reviewed, and on the basis of these, an appropriate solution was proposed for more successful operations of company X in the future. During the analysis of company X, it was established that it required staff refreshment, therefore culture and cultural diversity amongst existing employees were examined, and consideration was given to how important cultural diversity is and how it affects the company's operations itself. Because the company operates in an international environment, the cultural diversity of its suppliers was investigated.

In the continuation of this diploma thesis, the results of company X restructuring were analysed, whereby SWOT analyses and analyses of advantages and disadvantages were used. It was verified whether it is true that the company's competitiveness in the market increased with restructuring, whether the reduction in the number of employees was a condition for successful restructuring, and whether staff diversity influenced the success of the company's operations in the year 2020. The main objective of the research was to establish whether the implemented restructuring measures had a positive effect on the company's operations.

All assertions that were confirmed in the diploma thesis will also be taken into account in practice and implemented in the company's operations in the future. They have been present on the Slovenian market with their high-quality products for many years, and added value to successful operations is provided by the mutual relationship of employees in the company and the relationship with their customers.