Process Structure Maturity And Financial Performance In The Croatian Corporate Sector

In this paper, we analyze the relationship between the maturity of the process-based organizational structures and financial performance of the companies, belonging to the Croatian corporate sector. Firstly, we review the previous empirical studies, related to the financial effects of business process orientation, as well as financial effects of other advanced managerial concepts and their implementation in the Croatian corporate sector. Based on the previous research results, we hypothesize that the benefits of process- based organizational structure maturity are not visible in the immediate financial performance in the analyzed Croatian companies. Methodological and practical explanations of this phenomenon are offered, including the analysis of the previous empirical studies.