The Influence of Organizational Factors on the Adoption of Energy Efficiency Measures in Companies

Aleksandar Vučković; Marija Džunić

Aleksandar Vučković
Marija Džunić

Keywords: Energy efficiency, Energy management, Management maturity, Organizational factors, Serbia

Abstract

This paper aims to research the organizational factors influencing the implementation of energy efficiency measures in companies. The analysis was performed on a sample of companies from Serbia included in the World Bank Enterprise Survey. The raw data collected by the World Bank were utilized to analyze the correlation between various organizational factors and the adoption of energy efficiency measures. The analysis revealed a statistically significant correlation between management maturity and the implementation of energy efficiency measures in companies. These findings suggest that improving energy efficiency is not an isolated process but rather closely related to the maturity of management practices, highlighting the importance of comprehensive organizational development for achieving optimal energy management.

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Author Biographies

Aleksandar Vučković

Belgrade Metropolitan University, FEFA Faculty, Bulevar Zorana Đinđića 44, 11000 Belgrade, Serbia
E-mail: avuckovic@fefa.edu.rs

Marija Džunić

Belgrade Metropolitan University, FEFA Faculty, Bulevar Zorana Đinđića 44, 11000 Belgrade, Serbia
E-mail: mdzunic@fefa.edu.rs

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