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1.
Small and medium-sized enterprises in the digital age : understanding characteristics and essential demands
Barbara Bradač Hojnik, Ivona Huđek, 2023, original scientific article

Abstract: The article explores the implementation of digital technology in small and medium-sized Slovenian enterprises (SMEs), with a focus on understanding existing trends, obstacles, and necessary support measures during their digitalization progress. The surveyed companies mainly rely on conventional technologies like websites and teamwork platforms, emphasizing the significance of strong online communication and presence in the modern business world. The adoption of advanced technologies such as blockchain is limited due to the perceived complexity and relevance to specific sectors. This study uses variance analysis to identify potential differences in the digitalization challenges faced by companies of different sizes. The results indicate that small companies face different financial constraints and require more differentiated support mechanisms than their larger counterparts, with a particular focus on improving digital competencies among employees. Despite obtaining enhancements such as elevated operational standards and uninterrupted telecommuting via digitalization, companies still face challenges of differentiation and organizational culture change. The study emphasizes the importance of recognizing and addressing the different challenges and support needs of different-sized companies to promote comprehensive progress in digital transformation. Our findings provide important insights for policymakers, industry stakeholders, and SMEs to formulate comprehensive strategies and policies that effectively address the diverse needs and challenges of the digital transformation landscape.
Keywords: digital transformation, digital technology adoption, small and medium-sized enterprises (SMEs), digitalization challenges, digitalization support
Published in DKUM: 11.04.2024; Views: 99; Downloads: 7
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2.
Enhancing the performance of high-growth small- and medium-sized enterprises through effective project- management processes and stakeholder engagement : a systems perspective
Igor Vrečko, Polona Tominc, Karin Širec, 2023, original scientific article

Abstract: This study examines the impact of project management practices on high-growth Small and Medium-sized Enterprises (HG SMEs) from a systems perspective, utilizing Structural Equation Modelling (SEM) and data from a diverse SME sample. It investigates the intricate relationships among project management system support, project management processes, stakeholder involvement, project management success, project success, and HG SME growth. Our findings highlight the substantial positive influence of project management processes and stakeholder engagement on project management success. These factors subsequently contribute significantly to both project success and the overall growth of HG SMEs. Notably, project management system support does not exhibit a substantial influence on these success factors. Furthermore, our research uncovers important indirect effects. Project management processes indirectly impact both project success and HG SME growth, underscoring their central role. Similarly, stakeholder involvement indirectly influences HG SME growth through its impact on project success, emphasizing its significance. This study contributes to the existing body of knowledge by emphasizing the critical roles of project management processes, stakeholder engagement, and project success as drivers of SME growth. These insights have valuable implications for SME managers, project leaders, and policymakers, highlighting the essential nature of effective project management in shaping the growth trajectory of SMEs.
Keywords: project management, project success, SME growth, stakeholder engagement, projectmanagement processes, high-growth SMEs, systems perspective, SEM
Published in DKUM: 13.12.2023; Views: 340; Downloads: 13
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3.
Factors influencing information and communications technology usage
Bojan Ćudić, Matjaž Klemenčič, Ivan Štefanić, 2022, original scientific article

Abstract: The paper investigates predictors of information and communications technology (ICT) usage in small and medium-sized enterprises (SMEs) among European Union member states - developed countries (EU-28) - and the Western Balkans developing countries (WB-5) in the period 2010-2018. It aims to suggest measures for the improvement of ICT usage among SMEs in WB-5 countries. Primary data for a thorough qualitative analysis of ICT use by the WB-5 SMEs were obtained through interviews at the firms’ level. Secondary data were obtained from credible international business support organizations and relevant scholarly literature. The analyses were performed utilizing the regression analysis.The authors have identified many variables that influence ICT use through the literature review. From these, they selected ICT access, functional literacy, and gross domestic spending on research and development (R&D) as being vital to the improvement of ICT usage among SMEs in developing countries.
Keywords: ICT, digitalization, SMEs, South-Eastern Europe
Published in DKUM: 22.09.2023; Views: 215; Downloads: 14
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4.
The interplay among restaurant SMEs' financial, quality, and managers' perceived business performance : a balanced scorecard approach
Marko Kukanja, Tanja Planinc, Anja Žnidaršič, 2023, original scientific article

Abstract: The present study aims to test a simplified version of the balanced scorecard (BSC) model for restaurant industry SMEs. This study aims to determine if (I) restaurant managers' perceived business performance correlates to SMEs' (II) actual financial and (III) quality performance. A new variable, the manager's perceived business performance, was added in light of the unique characteristics of restaurant SMEs. We hypothesized that all three business perspectives are positively correlated since restaurant managers must have realistic perceptions of SMEs' business performance. A total of 266 questionnaires were obtained from restaurant managers, and 1,330 questionnaires were obtained from restaurant guests. SMEs' official financial reports served as the basis for the analysis of financial data. Exploratory factor analysis and correlation analysis were used to investigate the relationships among the three perspectives. Results indicate that managers' perceptions of business performance are not correlated to SMEs' actual financial performance, and managers have realistic perceptions about the quality of what restaurants offer. Interestingly, SMEs' financial performance is not correlated to guests' perceptions of quality. Introducing a new internal perspective indicates the incoherence among the three BSC perspectives. Furthermore, using selected variables highlights the necessity of raising the managerial perspective in future restaurant SME studies.
Keywords: restaurant industry, balanced scorecard, quality, SMEs, Slovenia
Published in DKUM: 01.08.2023; Views: 454; Downloads: 36
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5.
Importance of business models in circular economy : bachelor thesis
Fernández Gómez Raquel, 2022, undergraduate thesis

Abstract: This bachelor thesis studies and analyzes the importance of business models in the Circular Economy. The company studied is an SME, i.e. 10 to 250 employees. The smaller companies are mainly confronted with the problem of resources, and the larger ones with their strategic orientation. The aim is to generate a guideline or way of doing that serves as a model for the SMEs already created so that the transition from the Linear Economy, which is still predominant today, to a Circular Economy. The idea is, after the study, a real case study of SMEs working with the premises of CE to establish a market model that follows the same. To support changes, we have documented the different business models currently in use, choosing the Canvas Business Model for several reasons and making the various changes necessary to make this a sustainable and circular model. In addition, it is established that the process of innovation and modification must be applied as a continuous cyclical process. If the company wants to be successful, it is a continuous cycle model, which should never stop.
Keywords: Business Models for Circular Economy, Business Model Canvas, Industrial symbiosis, Ressource efficciency, Synergies, Sustainable development, CE in SMEs, Circular Economy, Product Sustainable Design.
Published in DKUM: 12.07.2022; Views: 605; Downloads: 36
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6.
Assessment of the innovation system in SMEs using innovation taxonomy and pondering methods : diplomsko delo univerzitetnega študijskega programa I. stopnje
Ana Gallardo Gandarillas, 2021, undergraduate thesis

Abstract: In this bachelor thesis, the different types of innovation within a company are studied and analysed. The companies studied are SMEs i.e. from 10 to 250 employees. Smaller companies are mainly confronted with the problem of resources and larger companies with their strategic orientation. We have studied the ten types of innovations according to Doblin (Doblin 2014), and we realise that they have a rather marketing-oriented focus, so we analyse five groups of innovations that we consider to be the key (marketing, product, organisational, business model and technological innovation). Five groups of innovations have been weighed on a scale from 0 to 100 % according to their importance to contribute to the economic success of the company. All groups have been weighted and ranked in order of priority to initiate the innovation process in the SME, starting with marketing, followed by product, technological, organisational and business model innovations. We found innovation process needs to be implemented as a continuous cyclical process. If the company wants to be successful, it is a continuous cycle model, which should never stop. Once a particular innovation is chosen, it will be studied and tested whether the investment can be successful. If so investment process will be executed, if not, the cycling process will start again until gives a positive result. This way one of the innovation is recognized as most important according to circumstances in SME involved at a certain moment.
Keywords: Innovation model, types of innovation, pondering of innovations, cycling innovation process, innovation in SMEs, ten types of innovation by Doblin, ranking of innovations, marketing innovations, product innovations.
Published in DKUM: 07.07.2021; Views: 875; Downloads: 23
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7.
The challenges of SME business transfers : the evidence from Croatia and Finland
Mirela Alpeza, Juha Tall, Petra Mezulić Juric, 2018, review article

Abstract: Background and Purpose: In the life cycle of a firm, business transfer represents the critical stage of development. Underestimating the complexity and longevity of this process can have negative implications for firms, their owners and wide network of stakeholders. The aim of this paper is to compare the attitude towards business transfer of entrepreneurs aged 55 and more in Croatia and Finland and provide policy recommendations for improvement of the national business transfer ecosystems. Methodology/Approach: Both surveys targeted entrepreneurs aged 55 and more using the same questionnaire, with some adjustments to Croatian business transfer ecosystem. Finish barometer was conducted through webbased survey among members of Federation of Finnish Enterprises. Survey in Croatia was conducted with combination of CATI and CAWI collection method by a professional data collection agency. Data collected was compared based on a demographic criterion, industry background, experience in business transfer, expected future of the company, support needed and biggest challenges. Results: The research results indicated a growing number of entrepreneurs in Croatia who will be interested in selling their firm once they withdraw from the business and less than expected family business successions. In Finland the most important challenges are related to business valuation and finding a successor or a buyer. Conclusion: For further development of business transfer ecosystem in Croatia it is recommended to focus on awareness raising activities, channels for matching sellers and buyers, promotion of takeover entrepreneurship and consultancy support for micro enterprises. In Finland results indicate the importance of investing continuous efforts in raising the effectiveness of the measures implemented.
Keywords: SMEs, business transfer, business transfer ecosystem
Published in DKUM: 10.10.2018; Views: 1218; Downloads: 148
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8.
Differences between offer and demand on the ICT specialist's Czech labor market
Petr Doucek, Lea Nedomová, Milos Maryska, 2012, original scientific article

Abstract: Global changes in the information society are placing ever greater emphasis on professionals in all areas of human activity and in the area of ICT (Information and Communications Technology) especially. This article provides methodology how to measure knowledge level requirements on ICT specialists in business, ICT and non ICT skills in graduates of tertiary education level. It shows also an example of data collecting in academic sphere and among business unites. Practical experiences from the five years research are presented at the end of in this contribution. These results are successfully applied for human resource management and innovation management in competences of ICT professionals in small and medium enterprises (SMEs) in the Czech Republic.
Keywords: information and communication technology (ICT), human resources in ICT, ICT education, competencies in SMEs
Published in DKUM: 29.11.2017; Views: 1057; Downloads: 331
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9.
An empirical study of the relationship between entrepreneurial competences and innovativeness of successors in family SMEs
Marina Letonja, Mitja Jeraj, Miha Marič, 2016, original scientific article

Abstract: Background and Purpose: In the recent period, scholarly interest for family entrepreneurship and succession has been increasing while the question of innovative capability of family SMEs and of innovativeness of founders and successors is relatively unexplored. Little is known about the factors, which are positively correlated, or affect innovativeness of successors in family SMEs. This research explores the relationship between entrepreneurial competences of the founders in family SMEs and innovativeness of their successors. Design/Methodology/Approach: The target group were family SMEs of the first and the second generation – their founders and successors in Slovenia. As our research includes two independent samples with mostly ordinal data, we used univariate (analysis of means, variance, reliability index Cronbach alpha, t-test) and multivariate (simultaneous analysis of more variables, correlation) statistical methods to study the two constructs - entrepreneurial competences of the founders and innovativeness of successors, to test the positive correlation between the two. Results: Results indicate that entrepreneurial competences like creativity, attitude toward risk-taking, attitude toward negotiations, technical knowledge and skills and marketing knowledge and skills of the founders in family SMEs positively correlate with innovativeness of successors. The results of this study indicate that entrepreneurial competences of founders are important factor for fostering innovativeness of successors. Conclusion: This paper links the two studied constructs and presents a valuable contribution for entrepreneurship theory; therefore, the results could be used for a further scientific research as also for practical implications.
Keywords: entrepreneurial competences, innovativeness, successors, founders, family SMEs, HRM
Published in DKUM: 03.04.2017; Views: 1574; Downloads: 406
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10.
Slovenian Entrepreneurship Observatory 2003
Miroslav Rebernik, Dijana Močnik, Jožica Knez-Riedl, Polona Tominc, Karin Širec, Matej Rus, Tadej Krošlin, Silvo Dajčman, final research report

Abstract: The monograph Slovenian Entrepreneurship Observatory 2003 consists of several research issues. In the first part, a short review of the current level of entrepreneurship is given, outlined on the basis of economic and statistical data. Understanding what is happening in Slovenian enterprises is important not only in order to pursue an appropriate economic policy but also in order to find the advantages and disadvantages of Slovenian companies in comparison with enterprises in other European countries. If Slovenia wishes to join the most developed European countries, it will have to speed up its economic growth. In the second part of a monograph, a number of topics, based on a survey of a sample of 672 enterprises are dealt with. We studied the relationship between banks and small and medium-sized enterprises (SMEs), female entrepreneurship, clustering, social responsibility of companies and the development of competences.
Keywords: Companies Demography, Financing SMEs, Female Entrepreneurship, Clustering, Environmental Responsibility
Published in DKUM: 18.01.2017; Views: 1781; Downloads: 440
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