Influence of strategic management in Czech SMEs and their growth rate

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60076658%3A12510%2F16%3A43890870" target="_blank" >RIV/60076658:12510/16:43890870 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Influence of strategic management in Czech SMEs and their growth rate

Original language description

The aim of SME managers is that their company competitive in the market, in order to develop and achieved some positive results. The successful strategic management is necessary to constantly adapt to the external environment, timely analyze emerging issues and mainly react quickly and flexibly to changes. Increasing amounts of business entities acquires strategic analysis and strategy as such its importance. The basic data for the creation of strategy, information about the external environment, ie. About the market and its surroundings and internal business environment. Managers who can effectively exploit the advantages of the company in cooperation with market opportunities and the effect of weaknesses and threats, ensure your organization prosperity and increase their growth rate. However, they must choose a competitive strategy, with which it is possible to succeed on the market to SMEs to provide for the possibility of differentiation, setting a higher level of services offered and, ultimately, mainly to enhance customer satisfaction by which it is first and foremost. The article deals with finding whether the strategic management of SME impact on the growth rate of the company. Data were obtained from 183 enterprises operating in the South Region by questionnaires. The research was conducted in the period 2014-15.

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

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2016

Confidentiality

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

Name of the periodical

Trendy v podnikání - Business Trends

ISSN

1805-0603

e-ISSN

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Volume of the periodical

6

Issue of the periodical within the volume

2016

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

8

Pages from-to

4-11

UT code for WoS article

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EID of the result in the Scopus database

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