EXPLORING ON DETERMINANTS OF COMPETITIVENESS IN MEDIUM AND LARGE FAMILY MANUFACTURING COMPANIES

Povzetek

This study aims to explore and test the factors that affect competitiveness in medium and large family-owned manufacturing companies. This study used SEM Partial Least Squares (PLS) as a data processing tool in the equation model with the help of WarpPLS software. The findings demonstrate; a positive and significant relationship between family business characteristics and competitiveness, no direct effect of business strategy on competitiveness, company size has a negative effect on competitiveness, family business characteristics and a well-designed and implemented business strategy have a positive influence on internal audit effectiveness, company size has no influence on internal audit effectiveness, internal audit effectiveness has a positive and significant influence on company competitiveness, family firm characteristics have a positive effect on competitiveness through internal control effectiveness, direct effect of business strategy on competitiveness was insignificant, internal control effectiveness served as a mediator, increasing the effect of business strategy on competitiveness, company size does not affect competitiveness through the effectiveness of internal supervision. This study aims to develop a model of competitiveness in medium and large-scale companies, identifying potential factors to be considered in their strategic planning and future business transformation.