Importance of Strategy and Aspects of Strategic Development in Small and Medium-Sized Entrepreneurship
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43310%2F18%3A43914251" target="_blank" >RIV/62156489:43310/18:43914251 - isvavai.cz</a>
Result on the web
<a href="https://www.sav.sk/journals/uploads/0514113904%2018%20Svato%C5%A1ov%C3%A1%20+%20RS.pdf" target="_blank" >https://www.sav.sk/journals/uploads/0514113904%2018%20Svato%C5%A1ov%C3%A1%20+%20RS.pdf</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Importance of Strategy and Aspects of Strategic Development in Small and Medium-Sized Entrepreneurship
Original language description
The main aim of this research is to identify how important the strategy and determinants of strategic development and strategic management are for the selected research sample of small and medium-sized enterprises (SMEs). The main research methods are selected methods of financial analysis and personal interview with manager-owners of selected SMEs. The research confirmed that not all strategic development determinants are considered among SMEs as equally important. The monitored SMEs consider strategy for business development as important, although only 47% of them have a formulated strategy. Individual functional and corporate strategies and defined areas of strategic management are not considered by SMEs as equally important. The size of the SME has a direct impact on strategy formulation - the bigger the enterprise, the higher the probability that a strategy is formulated. The research also confirmed formulating and implementing a strategy has a positive effect on the economic results of the SME.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - 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
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Ekonomický časopis
ISSN
0013-3035
e-ISSN
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Volume of the periodical
66
Issue of the periodical within the volume
4
Country of publishing house
SK - SLOVAKIA
Number of pages
21
Pages from-to
329-349
UT code for WoS article
000433377400001
EID of the result in the Scopus database
2-s2.0-85053663991