I-distance and separability coefficient in business evaluation of SME's in agribusiness

Abstract

Systematic and continuous process of measuring and comparing business results of companies regarding to business results of leaders, in order to obtain information that will help the company to take action to improve its performance, is in a function of improving business operations. Accordingly, the first objective of this paper is, based on the coefficient of separability, to determine which indicators of business conditions and business results have the greatest impact on differences in the business operations of the observed SMEs operating in the food industry. The second objective of this work is to make the ranking of companies based on the business conditions and business results using discriminant analysis (I-distance), and then, to determine the overall rank of companies using general ranking coefficient (Ker). The results show that companies are significantly separated according to business results rather than to business conditions, and in addition, the business results also had a crucial impact on the overall rank of each company.

Sistematski i kontinuirani proces merenja i upoređivanja poslovnih rezultata preduzeća u odnosu na poslovne rezultate lidera radi dobijanja informacija koje će pomoći preduzeću da preduzme akcije za poboljšanje svojih performansi je u funkciji unapređenja poslovanja. S tim u vezi je postavljen i prvi cilj rada, a to je da se primenom koeficijenta separabilnosti utvrdi koji pokazatelji uslova i rezultata poslovanja najviše utiču na razlike u poslovanju posmatranih MSP iz prehrambene industrije. Drugi cilj rada je da se primenom diskriminacione analize (I-odstojanja) izvrši rangiranje preduzeća na osnovu uslova kao i rezultata poslovanja, a zatim da se pomoću opšteg koeficijenta ranga (Ker) odredi opšti rang preduzeća. Rezultati analize pokazuju da se preduzeća značajnije razdvajaju prema rezultatima nego prema uslovima poslovanja, a rezultati poslovanja su takođe presudno uticali na opšti rang svakog preduzeća.