ABSTRACT. The issue of business environment for small and medium-sized enterprises is a very actual area of scientific research. Currently, the great importance is given to research people's personal and knowledge preconditions for conducting business. The aim of this article was to examine the relationship between education of entrepreneurs and several aspects of entrepreneurship in the SME segment. Our own research was conducted in the selected regions of the Czech Republic and Slovakia through a questionnaire survey. A total of 449 owners of small and medium-sized companies have been reached. The sample of respondents was divided into two groups: entrepreneurs with and without a university degree. To reach an above mentioned aim, Pearson statistics for a data count, series of 5000 Monte Carlo replication as well as tools of descriptive statistics have been used. Our results have showed that there are significant differences in the attitudes of these two categories of entrepreneurs in their motives for starting business and the knowledge of the lending criteria of commercial banks. On the other hand, the differences in other fields, such as the evaluation of the commercial banks approach, the change of their companies´ profitability, the ability to manage financial risks and the assessment of the academic knowledge usefulness were not confirmed by our research.
This submitted paper deals with the selected tools that are a part of resource management in the context of sustainable development. These instruments mainly cover corporate social responsibility, enterprise resource planning systems and strategic management with selected management models. Enterprise resource planning systems are the information base and support tools that a company's management uses for making decisions. The aim of these tools is to support a decrease in the consumption of raw materials, energy and other limited resources, which in turn increases the company's performance. This is mainly due to lower costs and increased corporate profitability. On the other hand, all these activities help to reduce the unfavorable ecologic impacts of business activities. This paper discusses the various ways to increase business performance through selected strategic management models through improving a company's competitiveness. The last part of the article is aimed at looking at the results of a survey that was conducted in the Czech Republic at the beginning of 2013. The research was focused on companies located in this country and it answered questions that surrounded on how these companies improved and increased their business performance in the market from the sustainable development point of view.
Business Administration and Management consideration so that accuracy of the analysis could be enhanced.
The submitted article is focused on the problems of the application of strategic management in companies that are located in the Czech Republic as a tool of resources management support in accordance with the principle of sustainable development. The first part of the article describes sustainable development in general. The next part deals with the description of resources management. The main goal of the article is based on the analysis of usage of enterprise resource planning (ERP) systems for the needs of strategic management. The application of key models such as Balanced Scorecard (BSC), Total Quality Management (TQM), Management by Objectives (MBO), Six Sigma and others is subject to analysis in accordance with ERP systems implemented in medium sized and large companies. The presented information was obtained from the intensive survey that took place in January and February 2013. Strategic management is an area that is focused on long-term planning and strategic direction of an enterprise. Findings of management indicate that it is important to manage and systematically evaluate the company in a long-term perspective if the company wants to be successful and enjoy excellent financial health. From the sustainable development and resources management point of view it is important to use information systems that help to improve the efficiency of managerial control of an enterprise. On the other hand it is crucial to analyze whether the used ERP systems support higher profitability and enable application of strategic management models. The main goal of the vast majority of companies is based on the increase or maximization of own market value that is achieved by strategy of the company in a long-term period. The right strategy is important for survival of enterprise in today's competitive market and rapidly changing environment.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
customersupport@researchsolutions.com
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Copyright © 2025 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.