Evaluating the impact of environmental factors on the international competitiveness of Small and Medium sized Enterprises in the Western BalkansGoran Andzelic
, Vladimir Dzakovic
, Bojan Lalić
, Danica Zrnic
, Iztok Palčič
, 2011, original scientific article
Abstract: Small and Medium-sized Enterprises (SMEs) with an export potential face significant obstacles in gaining international competitiveness, due to the highly dynamic environment in which they operate. This study evaluates the impact of environmental factors on international competitiveness of the Western Balkans SMEs by identifying the key pairs of environmental factors and factors of international competitiveness, which facilitate an increase in international competitiveness of these firms. The paper also studies the importance of strategic planning and decision making process in the Western Balkans SMEs. Research is based on a questionnaire conducted on the representative sample of SMEs in Serbia, Montenegro and Bosnia and Herzegovina in the period September 2008 to March 2009. The findings of the research indicate which significant environmental factors have an impact on gaining the international competitiveness of the Western Balkans SMEs, therefore offering sound basis for strategic positioning and further gaining of competitive advantage.
Keywords: international competitiveness, small and medium enterprises, strategic positioning, environmental factors, Western Balkans
Published: 01.06.2012; Views: 1563; Downloads: 19
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The impact of market knowledge and institutional incentives on the internationalization of small and medium-sized enterprises in SloveniaNuša Basle
, 2015, master's thesis
Abstract: The internationalization of firms is an important part of globalization. Firms are looking for their opportunities in foreign markets. For this reason, they need to have specific market knowledge. They can create it themselves by primary market research and/or gain it from available secondary sources. Companies need to be aware that market knowledge is crucial for the internationalization process.
Small and medium-sized enterprises (SMEs) are the most valuable part of both European and Slovenian economy. SMEs substantially contribute to economic growth and job creation and are considered the present and future backbone of the European and Slovenian economy.
Because of the importance of SMEs, various programs and mechanisms for SMEs support were developed at the level of the European Union (EU) and Slovenia. These constitute Institutional Support and contain, among other things, financial and non-financial mechanisms to support the internationalization of SMEs.
Keywords: Internationalization, Small and medium-sized enterprises (SMEs), Entrepreneurship, Market knowledge, Institutional Support, Slovenia
Published: 20.11.2015; Views: 830; Downloads: 70
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Slovenian Entrepreneurship Observatory 2002Miroslav Rebernik
, Dijana Močnik
, Jožica Knez-Riedl
, Karin Širec
, Matej Rus
, Polona Tominc
, Tadej Krošlin
, final research report
Abstract: Observatory provides an overview and analysis of the current situation in small and medium-sized enterprises in 2001. The situation in Slovenia was compared to that of SMEs in the European Union. In doing this, data gathered in the Observatory of European SMEs has been used, together with its basic methodology, which consists of three areas: standard topics included in the report every year, special in-depth studies chosen each year, and various other topics that may vary through time or represent a supplement to the existing relevant topics. The publication provides a standard review of Slovenian entrepreneurship in 2001 and a detailed description of tax incentives, administrative burdens for small and medium-sized enterprises in the area of recruitment and social responsibility of SMEs. The survey that was carried out was based on 1,153 analyzed responses, which were acquired by sending out 8,176 questionnaires. Study show that Slovenian small and medium-sized enterprises are more often involved in responsible social activities than European one, but also that almost half of small enterprises do not invest in research and development. Our research has also shown high administrative burdens faced by SMEs.
Keywords: Entrepreneurship, Business demography, Comparative analysis, Small and Medium-sized enterprises, Social responsibility, Administrative burdens
Published: 18.01.2017; Views: 500; Downloads: 90
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How to improve innovativeness of small and medium enterprisesVojko Potočan
, Matjaž Mulej
, 2009, original scientific article
Abstract: Small and medium enterprises cannot avoid the global economy and its demand for innovative business as a precondition for competitiveness. Given their small size and related pool of professionals, small and medium enterprises need to work very hard on their staff's innovativeness and related personal traits. Making a small and medium enterprise successful must be considered as an invention-innovation-diffusion process that tackles both the businesses mix of the given size, and the small and medium enterprise as an entrepreneurial achievement. Thus, all preconditions concerning both the content and the process of innovation must be considered, which requires the requisite holism and, therefore, systemic rather than one-sided thinking/behavior of the usual specialists. Hence, values/culture/ethics/normsof owners, entrepreneurs, managers and their co-workers must also be innovated along with their knowledge. Then, interdisciplinary creative cooperation can result from cultural and professional differences.
Keywords: innovation, innovativeness, innovative business, business, company business, company, small business, medium-sized enterprises
Published: 04.07.2017; Views: 265; Downloads: 212
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Innovation leaders, modest innovators and non-innovative SMEs in SlovakiaĽubica Lesáková
, Petra Gundová
, Pavol Kráľ
, Andrea Ondrušová
, 2017, original scientific article
Abstract: Background and Purpose: The field of innovation represents for small and medium enterprises (SMEs) a fundamental challenge. If the number of innovative SMEs is to rise, it is necessary to identify key factors determining their innovation activity and eliminate the innovation barriers. The main purpose of the paper is to present the results of primary research focused on identification (evaluation) of key factors and barriers determining innovation activities in Slovak SMEs. The division of SMEs into three groups of enterprises: innovation leaders, modest innovators and non-innovators enables to identify the differences in managers’ perception of the main factors and barriers determining innovation activities in various types of SMEs and to formulate policy implications for Slovak SMEs.
Design/Methodology/Approach: Results of the empirical research were processed using MS Excel and the statistical analysis of the data in R3.2.4. statistical system was done. For statistical tests we assumed significance level (α = 0.1).
Results: Evaluating the importance of the key factors a majority of enterprises (64.71%) indicated financial resources as the most important factor for the innovations. There is no statistically significant difference in individual (analysed) factors between innovation leaders, non-innovators and innovation followers (modest innovators). The results gained from Fisher exact test (p-value = 0.11) indicated a small difference in evaluating the significance of individual barriers between innovation leaders, non-innovators and modest innovators. Majority of enterprises also see as the main barriers to develop innovation activities bureaucracy and corruption and inappropriate state support of innovation activities.
Conclusion: The main implications (conclusion) coming from the research are basic recommendations for state policy makers as well as SME’s managers to foster innovation activities in enterprises. They refer to the areas of financial resources, high-quality human resources, cooperation and participation of SMEs in different networks and clusters, systematic institutional support to SMEs, well-created vision and clearly formulated aims, and willingness of enterprises to innovate. Recommendations are summarised following the results of factor’s and barrier’s evaluation.
Keywords: innovations, small and medium enterprises, factors, barriers, Slovak Republic
Published: 04.05.2018; Views: 387; Downloads: 18
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