Prerequisites for the Effective Functioning of Controlling in Small and Medium-sized Agricultural Enterprises

The pragmatic level of information fundamentally affects the prosperity of business. Controlling obtains information, transforms it into an adequate form so that the company's management can responsibly make appropriate decisions. This creates an information base that serves the management of the company in the supervision of the organizational unit. Small and medium-sized agricultural holdings are linked to national and transnational markets and are therefore exposed to competitive pressure. In order to maintain their market position, they are forced to introduce innovative elements into management as well. One of the effective tools, but little used in the conditions of Slovak companies, is controlling. For effective implementation and realization of controlling in the company, it is necessary to create suitable conditions. The aim of this paper is to identify the prerequisites for the effective functioning of controlling as a management tool in small and medium-sized agricultural enterprises to increase competitiveness. The study is based on a detailed theoretical examination of previously published experiences based on the implementation and application of controlling abroad, which is supplemented by empirical research in the practice of agricultural enterprises. The results of the research study show that the standardization of business processes and their automation, flexibility and, last but not least, the approach of managers are decisive factors in the effective operation of controlling in small and medium-sized agricultural enterprises. The presented results show the possibilities of ensuring the stability of the company and increasing its corporate performance based on controlling.