Specifics of the Development of Family Business in the Czech Republic

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F49777513%3A23510%2F16%3A43930000" target="_blank" >RIV/49777513:23510/16:43930000 - isvavai.cz</a>

Result on the web

<a href="http://www.ersj.eu/index2.php?option=com_docman&task=doc_view&gid=581&Itemid=154" target="_blank" >http://www.ersj.eu/index2.php?option=com_docman&task=doc_view&gid=581&Itemid=154</a>

DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Specifics of the Development of Family Business in the Czech Republic

Original language description

In many developed countries, there has been a long tradition of family enterprises, and family enterprises have played a major role in national economies. In functioning market economies, family enterprises are associated both with small businesses but also large corporations, and present a major source of income for the state budget. In the Czech Republic, family businesses are mostly associated with small and medium-sized enterprises. The purpose of this article is to define a family business and to define the status of family businesses, in particular in the Czech Republic. The subject matter of the research is a family business as an economic feature. The scientific objective is to evaluate the current situation in the Czech Republic, and to propose functional ecosystem support of family enterprises, based on university educational programmes. The paper has been prepared on the basis of general theoretical scientific methods, in particular the method of comparison of secondary data in published publicly available researches, its analysis, synthesis, comparison, analogy, deduction and generalisation, and using a method of professional estimates. This study helped to establish that family businesses represent a true economic potential for the Czech Republic. A conclusion was made that an expert group for a family enterprise should be established, in cooperation with the Association of Small and MediumSized Enterprises and Crafts of the CR and one of the universities in the CR. This group should coordinate the origin of a comprehensive educational programme covering issues such as the specifics of family business management, handing over a family enterprise to the next generation, risk management, how to manage the entry of family businesses to foreign markets, and how to access funds and subsidies for their further development.

Czech name

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Czech description

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Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AE - Management, administration and clerical work

OECD FORD branch

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Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2016

Confidentiality

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

Name of the periodical

European Research Studies

ISSN

1108-2976

e-ISSN

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Volume of the periodical

19

Issue of the periodical within the volume

4

Country of publishing house

GR - GREECE

Number of pages

21

Pages from-to

88-108

UT code for WoS article

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EID of the result in the Scopus database

2-s2.0-84991108581