Selected aspects of strategic management in the service sector

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F04130081%3A_____%2F20%3AN0000015" target="_blank" >RIV/04130081:_____/20:N0000015 - isvavai.cz</a>

Alternative codes found

RIV/70883521:28120/20:63524977

Result on the web

<a href="https://www.jots.cz/index.php/JoTS/article/view/146" target="_blank" >https://www.jots.cz/index.php/JoTS/article/view/146</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.29036/jots.v11i20.146" target="_blank" >10.29036/jots.v11i20.146</a>

Result language

angličtina

Original language name

Selected aspects of strategic management in the service sector

Original language description

The focus of the present paper is to identify and defines the important factors of strategic management in SMEs with a specific focus on the service sector and to compare its current situation in the Czech Republic and Slovak republic firms. To shape the study, survey-based research planned and conducted in the Czech Republic and Slovak republic over SMEs in the service sector. The data were collected from the owners or top-level managers, the total sample used in the study was 822, 454 respondents from the Czech firms and 368 firms from the Slovak republic. The study employs basic statistics tools, percentages and mean values, used Z-score to compare the respondents in the Czech Republic and Slovak republic. The major findings of the study reveal that majority of the firms in both the countries use strategic management as an integral part of corporate governance and believe that strategic management usage improves the competitiveness of the firms and its stability in domestic and foreign markets. Another interesting finding reveals that the business sector is not a statistically significant factor in evaluating the sources of strategic risk, found from the firms of both countries. The paper adds to the existing literature of SMEs, investigated the use of strategic management tools for their sustainability and competitiveness. As the key aspects of strategic management are much used in large size organization but less explored in the smaller segment. The outcome of the study can help to understand the SMEs' attitude towards strategic management usage. It is very useful for long term survival, stability, and expansion, as both countries' economy is heavily depending on the SMEs.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50204 - Business and management

Project

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Continuities

N - Vyzkumna aktivita podporovana z neverejnych zdroju

Publication year

2020

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Journal of Tourism and Services

ISSN

1804-5650

e-ISSN

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Volume of the periodical

11

Issue of the periodical within the volume

20

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

15

Pages from-to

109-123

UT code for WoS article

000543509700006

EID of the result in the Scopus database

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