scholarly journals Significance of SMEs in the Czech Economy and Supporting SMEs as an Instrument of the Regional Development

10.14311/422 ◽  
2003 ◽  
Vol 43 (2) ◽  
Author(s):  
V. Beran ◽  
J. Frková
Keyword(s):  
Czech Republic ◽  
Small Businesses ◽  
Small Firms ◽  
Small And Medium Enterprises ◽  
Small Enterprises ◽  
The Czech Republic ◽  
Economic Production ◽  
History Of ◽  
Economic Landscape ◽  
Medium Enterprises

SMEs (Small and Medium Enterprises) are important segments of the economic landscape of the Czech Republic, since half of economic production is attributable to SMEs (52.85 %). The role of SMEs in the Czech Republic is the outcome of a long history of economic development and industrialization throughout the 20th century. Large enterprises prefer to locate their factories according to range of regional opportunities. Small enterprises are more dependent on business conditions in their region. The transaction costs are relatively high for small firms. These contraints mean that regions without an attractive environment for business need to create acceptable conditions for small businesses, if they are looking for sustainable development.

Analysis of Major Problems Faced by Small Firms in North India

2015 ◽  
Vol 15 ◽  
pp. 150-160
Author(s):  
Davinder Singh ◽  
Jaimal Singh Khamba ◽  
Tarun Nanda
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Economic Development ◽  
Small Firms ◽  
Small And Medium Enterprises ◽  
Developed Countries ◽  
North India ◽  
Small Enterprises ◽  
Employment Generation ◽  
Medium Enterprises

Micro, Small and Medium Enterprises (MSMEs) have been noted to play a significant role in promoting economic growth in less developed countries, developing and also in developed countries. Worldwide, the micro and small enterprises have been accepted as the engine of economic growth of any nation. Small and Medium Enterprises are the backbone of the economies, because it trigger employment, output, export, poverty alleviation, economic empowerment, economic development etc. in developed as well as in developing countries. It is more important to developing countries as the poverty and unemployment are burning problems. MSMEs have been playing a momentous role in overall economic development of a country like India where millions of people are unemployed or underemployed. Therefore, the growth of small sectors is essential for the growth in the GDP, employment generation, total manufacturing production and export. India, being one of the fastest growing economies of the world, needs to pay an honest attention for the utmost growth of MSMEs for its increased contribution in above areas.

Public Procurement in the Czech Republic

2012 ◽  
pp. 210-226 ◽  
Author(s):  
Jirí Novosák ◽  
Oldrich Hájek ◽  
Jirí Machu
Keyword(s):  
Sustainable Development ◽  
Czech Republic ◽  
Regional Development ◽  
Small And Medium Enterprises ◽  
Public Procurement ◽  
Regional Disparities ◽  
The Czech Republic ◽  
Dominant Position ◽  
Medium Enterprises

Relations between public procurement, regional development, and e-procurement are discussed in this chapter. First, main themes of the debate are reviewed. Subsequently, some relations between public procurement, regional development, and e-procurement are discussed. The Czech Republic is used as a case study in this regard. The authors’ findings confirm the potential of public procurement to stimulate development of Czech regions. Spatially, public procurement may not be regarded as a suitable tool for reduction of regional disparities. However, there seems to be an important impact of public procurement on the development of local small and medium enterprises. In addition, the authors’ findings point at some links between public procurement and the concepts of sustainable development and competitiveness. Nevertheless, the dominant position of price as evaluation criterion indicates that the linkages are rather weak. Finally, the increasing interest of the Czech Republic in e-procurement was documented.

scholarly journals Realtionships between Fiancial and Learning and Growth Perspectives in BSC

2017 ◽  
Vol 65 (6) ◽  
pp. 1841-1850
Author(s):  
Ilona Berková ◽  
Markéta Adamová ◽  
Kristýna Nývltová
Keyword(s):  
Czech Republic ◽  
Balanced Scorecard ◽  
Small Businesses ◽  
Quantitative Research ◽  
Business Performance ◽  
Small And Medium Enterprises ◽  
Company Performance ◽  
Strategy Formulation ◽  
Financial Perspective ◽  
Medium Enterprises

Balanced Scorecard (BSC) is one of the methods for measuring of the company’s performance, strategy formulation and subsequent management leading to improving competitiveness. Nowadays company performance has an important role because the competitive environment is much more changeable and more difficult to predict because of the influence of globalization. BSC is worldwide used both in large, medium and small businesses regardless of the field of business. According to Knápková, Homolka and Pavelková (2014), this model is used only by 13 % of the enterprises in the Czech Republic. BSC monitors business performance from four perspectives: Financial, Customer, Internal Process, Learning and Growth. The main aim of this paper is to verify whether there is a correlation between Learning and Growth and Financial perspective. Data were obtained from the database Albertina Gold and from quantitative research in companies in 2015. As sample small and medium enterprises in Czech Republic were chosen by random selection. Data were analysed by using regression analysis. Based on the analysis the dependence of some financial indicators on the attitude of the company to the risk and on long‑term or short‑term orientation was proved. BSC is spread in 30 – 50 % companies all over the word, in Australia this method is used even in 88 % companies (Al Sawalqa, Holloway and Alam, 2011). Due to proven dependence it would be appropriate to raise Czech companies’ awareness of advantages of this method.

scholarly journals Analysis of Credit and Investment Institutions for Smes

2020 ◽  
pp. 70-80
Author(s):  
E.A. Koroleva
Keyword(s):  
Small Firms ◽  
Small And Medium Enterprises ◽  
Financial Resources ◽  
Small Enterprises ◽  
Business Angels ◽  
State Organizations ◽  
Medium Enterprises

The article is devoted to a review of the main institutions operating in the market of credit and investment resources for Russian small and medium enterprises (SMEs). The work revealed disproportionality in providing Russian SMEs with financing: the largest share falls on own funds and usury, banks account for up to 20%, other sources are insignificant). Meanwhile, abroad, this structure is more diverse and balanced. The possibilities of individual credit and investment institutions for providing small enterprises with borrowed funds are analyzed using the example of collective financing institutions (business angels, crowdfunding and crowdinvesting sites); specialized (leasing, factoring and microfinance organizations) and state organizations (JSC “SME Corporation”, regional guarantee organizations, JSC “SME Bank”), as well as venture and banking companies. Actual tendencies occurring in various markets of financial resources for small firms are noted, taking into account the quarantine-isolation measures of 2020.

scholarly journals CSR ACTIVITIES IN THE CZECH SME SEGMENT

2020 ◽  
Vol 8 (1) ◽  
pp. 49-64 ◽  
Author(s):  
Zdenko Metzker ◽  
Justas Streimikis
Keyword(s):  
Czech Republic ◽  
Positive Impact ◽  
Small And Medium Enterprises ◽  
Management Practice ◽  
Business Owners ◽  
Z Score ◽  
The Czech Republic ◽  
Medium Enterprises ◽  
Corporate Social ◽  
Final Effect

The aim of the study is to find out the perception of the concept of corporate social responsibility (CSR) by the segment of small and medium-sized enterprises in the Czech Republic. In connection with the objectives of the study, a questionnaire survey was carried out on a sample of 419 respondents – business owners and managers. The data were collected from September 2019 to January 2020. χ2 and Z-score were used to assess the hypotheses. It was found that there were statistical differences in the perception of some aspects of the positive impact of the introduction of the CSR concept in case of monitoring responses based on the geographic scope of the business. The results showed that although the manager should take into account the ethical and moral implications of his decisions, less than half of the respondents are familiar with the concept of CSR and enforce it in their management practice and ultimately managers cannot identify positive benefits from CSR implementation – it declares positive answers whose values oscillate around 30%. The findings show that there are no statistically significant differences in the answers of managers depending on the size of the company - this proves that micro, small and medium enterprises, respectively their managers do not differ in their attitudes to the topic of CSR. The final effect of the paper is to show the perception of the concept of CSR of entrepreneurs - respondents in the Czech Republic.

scholarly journals The Effectiveness of the Strategy for Empowering Micro, Small and Medium Enterprises (MSMES) During the 2020 Covid-19 Pandemic at the NTB Province Cooperatives and SMES Office

2021 ◽  
Vol 2 (1) ◽  
pp. 46
Author(s):  
Lia Fitriani ◽  
Muhammad Ali ◽  
Lalu Hendra Maniza
Keyword(s):  
Small Businesses ◽  
Small And Medium Enterprises ◽  
Sampling Technique ◽  
Social Program ◽  
Small Enterprises ◽  
The West ◽  
Business Results ◽  
Development Section ◽  
The Social ◽  
Medium Enterprises

One of the attempts to recover micro-enterprises from the effects of the Covid 19 outbreak is the empowerment of micro, small and medium-sized enterprises by the SME Cooperative Office of West Nusa Tenggara Province. The empowerment given is in the form of a program involving Micro and Small Enterprises to provide a Social Security Net (SSP) and provide economic stimuli to encourage resources. This assistance is used to restore the economy of the citizens affected by the Covid-19 Pandemic by providing the opportunity to generate their business results as a means of involvement in preventing Covid-19, which would help the Micro and Small Bu affected. Also, it can provide an opportunity to start a business Back during the economic crisis. Some problems occur in its implementation, namely the lack of capital to empower all Micro and Small Businesses Affected by the Covid-19 Pandemic so that not all Micro and Small Businesses in West Nusa Tenggara Province can be empowered. This study aimed to describe and analyze the strategy's effectiveness for the empowerment of Micro, Small, and Medium Enterprises (MSMEs) during the Covid-19 Pandemic in 2020 at the West Nusa Tenggara Province UKM Cooperative Office. The research method used is a descriptive qualitative approach. The informants used in this study used the purposive sampling technique. The research informants consisted of the head of the UKM Division, the Head of the UKM Development Section, the Head of the NTB Province UKM Koprasi Program Division Head, and Empowered UKM Players. Data collection techniques used interviews, observation, and documentation. Data analysis was performed by collecting data, data reduction, data presentation, and conclusions. The results of this study showed that the effectiveness of the Strategy for the Empowerment of Micro, Small, and Medium Enterprises during the 2020 Covid-19 Pandemic in the West Nusa Tenggara Province of the UKM Cooperative Service could not be said to be good because only two indicators have been defined as good. They are indicators of targeting accuracy and the social program.

scholarly journals Factors that influence the success of small and medium enterprises in ICT: a case study from the Czech Republic

2015 ◽  
Vol 16 (3) ◽  
pp. 304-315 ◽  
Author(s):  
Martin Krejcí ◽  
Wadim Strielkowski ◽  
Inna Čabelková
Keyword(s):  
Czech Republic ◽  
Questionnaire Survey ◽  
Success Factors ◽  
Small And Medium Enterprises ◽  
Local Market ◽  
Financial Indicators ◽  
The Czech Republic ◽  
Technology Sector ◽  
Medium Enterprises

Small and medium enterprises (SMEs) occupy a large niche in the information and technology sector (ICT) and play an important role in the functioning on any state’s economy. This paper focuses on a specific local market and uses the Czech Republic as a case study in order to establish the success factors crucial for achieving economic success. It aims at determining those factors with the help of econometric success rate models based on the own data collected via the means of questionnaire survey among ICT enterprise. Our results show that the earnings-employee ratio, average revenues and the investment in own R&D play the most important role in the success of Czech SMEs in question. Both, financial and non-financial indicators perform significantly in the predictions of success.

scholarly journals Teleworking in small and medium enterprises (SMEs) before the onset of coronavirus crisis in the Czech Republic

2020 ◽  
Vol 25 (2) ◽  
pp. 151-164
Author(s):  
Jaroslav Vrchota ◽  
Monika Maříková ◽  
Petr Řehoř
Keyword(s):  
Czech Republic ◽  
Information And Communication Technologies ◽  
Small And Medium Enterprises ◽  
Communication Technologies ◽  
Work And Family ◽  
The Czech Republic ◽  
New Information ◽  
Information And Communication ◽  
Medium Enterprises ◽  
Short Time

Due to the new information and communication technologies, it is now possible to disconnect work from space and time and to take advantage of new ways of organizing work. One of the options is teleworking (TW), currently being implemented throughout Europe due to the condition created by the coronavirus pandemic. The aim of the paper is twofold: (i) to analyse a range of factors (size of the enterprise; foreign owner; written strategy; project-driven enterprise; disabilities; work-life balance; benefits, lack of workers, illness, lower cost, relax at work and comfort; renting space, IT level) influencing the duration of TW implementation in the small and medium-sized enterprises (SMEs) and (ii) to better define the differences between the SMEs where TW was introduced in a short time, and those introducing it over a longer period. Out of the total of 31 factors, six factors have been proved to have a different impact on the duration of TW implementation (TW implementation due to higher efficiency; monitoring is performed only according to the results; the managers see the disadvantage of TW in its possible misuse; the enterprises use internal TW regulations; the managers see the main advantage as higher operational flexibility; the introduction of TW, due to the balance of work and family life). All together, 44,000 SMEs in the Czech Republic were invited into the research. The data were collected from 1,018 enterprises, with 60% of the enterprises using TW actively; on average, these enterprises have been using it for seven years.

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