The Development of the Labor Market of Czech Small and Medium-sized Enterprises Toward the Digital Economy
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F20%3A63526262" target="_blank" >RIV/70883521:28120/20:63526262 - isvavai.cz</a>
Result on the web
<a href="https://cgscholar.com/bookstore/works/the-development-of-the-labor-market" target="_blank" >https://cgscholar.com/bookstore/works/the-development-of-the-labor-market</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.18848/2327-798X/CGP/v20i02/21-37" target="_blank" >10.18848/2327-798X/CGP/v20i02/21-37</a>
Alternative languages
Result language
angličtina
Original language name
The Development of the Labor Market of Czech Small and Medium-sized Enterprises Toward the Digital Economy
Original language description
In the 2000s, Czech small and medium-sized enterprises faced competition in the new technologies and innovations associated with the implementation of the digital economy. Competitive advantages of the Czech economy based on cheap labor and low-cost production are in decline, and finding a new economic paradigm seems to be problematic. Our study has traced a significant degree of interaction between the structure of employee education and the sectoral classification of the company, with medium–high-tech, medium–low-tech and low-tech firms behaving differently from each other from the labor market perspective. Companies implement different strategies in terms of employee education as well as R&D. Thus far, Czech companies have focused mainly on the market follower approach, i.e., with little effort toward innovation. This conservative strategy brings lower risks but also lacks the high profit potential necessary to reach competitive advantages. In particular, the digitization of the midtech sector is crucial for the future growth of the Czech economy. The midtech sector possesses high potential for the development of new business opportunities if it can overcome its significant gap in the use of R&D, knowledge, and technology.
Czech name
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Czech description
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Classification
Type
J<sub>SC</sub> - 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
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2020
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
International Journal of Knowledge, Culture and Change Management
ISSN
1447-9524
e-ISSN
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Volume of the periodical
2020
Issue of the periodical within the volume
2
Country of publishing house
AU - AUSTRALIA
Number of pages
17
Pages from-to
21-37
UT code for WoS article
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EID of the result in the Scopus database
2-s2.0-85114033321