Strategic Management in SMEs and Its Significance for Enhancing the Competitiveness in the V4 Countries - A Comparative Analysis

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F20%3A63525878" target="_blank" >RIV/70883521:28120/20:63525878 - isvavai.cz</a>

Result on the web

<a href="https://content.sciendo.com/view/journals/mmcks/15/4/article-p557.xml?language=en" target="_blank" >https://content.sciendo.com/view/journals/mmcks/15/4/article-p557.xml?language=en</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.2478/mmcks-2020-0032" target="_blank" >10.2478/mmcks-2020-0032</a>

Result language

angličtina

Original language name

Strategic Management in SMEs and Its Significance for Enhancing the Competitiveness in the V4 Countries - A Comparative Analysis

Original language description

The study’s main aim is to determine how the entrepreneurs in SMEs of the Visegrad Group (V4) perceive the strategic management process and how they manage strategic risks within it. The study also focuses on how a perception of examined determinants differs depending on business duration, management education and sex. The research was performed from 9/2019 to 4/2020 in the V4 countries by means of online questionnaire. The findings were interesting. SMEs’ business duration is a significant factor in evaluating the total structure of entrepreneurs’ attitudes to the following fact: firm’s strategic management is inevitable for corporate governance. Both SMEs’ business duration and educational attainment are significant factors in evaluating the total structure of entrepreneurs’ attitudes to the following fact: implementation of strategic management is required for day-to-day operations of a business. However, SMEs’ business duration, management education and sex do not influence managers’ attitudes to strategic management and strategic business risks. The results provide a valuable platform for the creators of national and regional strategic and development plans. Similarly, the results enable a creation of national and international benchmarking indicators in this area that would allow an improvement of the business environment and a creation of risk management systems, which are inevitable for SMEs.

Czech name

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Czech description

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Type

J_SC - Article in a specialist periodical, which is included in the SCOPUS database

CEP classification

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OECD FORD branch

50204 - Business and management

Project

—

Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2020

Confidentiality

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

Name of the periodical

Management and Marketing

ISSN

1842-0206

e-ISSN

—

Volume of the periodical

15

Issue of the periodical within the volume

4

Country of publishing house

RO - ROMANIA

Number of pages

13

Pages from-to

557-569

UT code for WoS article

000606389200001

EID of the result in the Scopus database

2-s2.0-85099484090