STRATEGIC MANAGEMENT OF CZECH ENTERPRISES IN CONDITIONS OF GLOBALIZATION AND HYPER-COMPETITION

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F75081431%3A_____%2F18%3A00002163" target="_blank" >RIV/75081431:_____/18:00002163 - isvavai.cz</a>

Result on the web

<a href="https://globalization.uniza.sk/wp-content/uploads/2018/12/proceedings_globalization_2018_part_3.pdf" target="_blank" >https://globalization.uniza.sk/wp-content/uploads/2018/12/proceedings_globalization_2018_part_3.pdf</a>

DOI - Digital Object Identifier

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Result language

angličtina

Original language name

STRATEGIC MANAGEMENT OF CZECH ENTERPRISES IN CONDITIONS OF GLOBALIZATION AND HYPER-COMPETITION

Original language description

Changes that have occurred in the global environment, especially the 21st century, are also reflected in the sphere of strategic management and business decision-making. Company managers, if they want to succeed in the today's dynamic and highly competitive environment, should pay more attention to the strategic management process itself. In this paper results of a large-scale research survey are presented, conducted for a set of 456 companies from all over the Czech Republic, aimed at the status and importance of strategic management and at the impact of business environment on prosperity of enterprises. Using Pearson's chi-squared test we will determine dependence/independence of selected categorical variables on profitability of enterprises, including determination of the role and significance of the internal and external business environment using the general linear model. The obtained results indicate underestimation of strategic management in Czech enterprises, especially in the size category of small and medium-sized enterprises. From the point of view of influence of the corporate environment on profitability of the enterprises, the logit model has confirmed high importance of internal corporate resources and the mezzo-environment. Based on our comprehensive survey among Czech companies about their approach to strategic management we can conclude that strategic management and decision-making play and will continue to play an important role in corporate management, future development and competitiveness of enterprises, not only at the national but especially at the international level.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

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OECD FORD branch

50204 - Business and management

Project

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Continuities

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Publication year

2018

Confidentiality

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

Article name in the collection

GLOBALIZATION AND ITS SOCIO-ECONOMIC CONSEQUENCES

ISBN

9788081542497

ISSN

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e-ISSN

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Number of pages

2926

Pages from-to

1366-1376

Publisher name

ZU – UNIVERSITY OF ZILINA, Faculty of Operation and Economics of Transport and Communications, Department of Economics

Place of publication

Žilina

Event location

Rajecké Teplice

Event date

Oct 10, 2018

Type of event by nationality

WRD - Celosvětová akce

UT code for WoS article

000681676300175