IDENTIFYING MANAGER´S ASPECTS ASSOCIATED WITH COMPANY´S INCOME THROUGH THE POINT-BISSERIAL CORRELATION: THE MIDDLE EUROPE EXAMPLE
IDENTIFYING MANAGER´S ASPECTS ASSOCIATED WITH COMPANY´S INCOME THROUGH THE POINT-BISSERIAL CORRELATION: THE MIDDLE EUROPE EXAMPLE

Summary/Abstract: For an existing company, it is necessary to generate a profit. In the beginning, there is an idea or thought that needs to be appropriately processed, and systems set up for everything to work. From the economic point of view, it is necessary to prove an individual capital, productive labour force, use of technologies, innovations. An efficient company operating on the middle Europe market is not the one meeting all requirements, but the one that can adequately manage all tasks and processes. In this research paper, we focused on aspects of the manager. We have created three groups that focus on knowledge, practice and personality of the manager. Subsequently, we created a database based on a questionnaire and examined these three groups as they are linked to the company's income through point-biserial correlation. The article begins with an Introduction, where we described the manager's aspects and how important they are for the managerial work. Subsequently, in the methodology, we described the basic principle of the point-biserial coefficient, which is the primary technique for identifying the relationships between aspects of the manager and income of the company. Unlike Pearson's coefficient, it measures the relationship between a dichotomous variable and a continuous. In the results, we identified the relationships between individual aspects and income and their significance.

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