Evaluating Innovations in Small and Medium Enterprises in Slovakia

Lesáková, Ľubica

doi:10.1016/j.sbspro.2013.12.849

Cited by 36 publications

(39 citation statements)

References 2 publications

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“…It means that company makes use of resources owned to empower SMEs as partners to create innovation in solving a variety of problems faced by SMEs. Lesakova (2009), states that the innovation of SMEs is not only the determiner that is very important for the success of the development of SMEs. SMEs are demanded to create innovation because they are under pressure in the market competition.…”

mentioning

confidence: 99%

Smes’ Innovation of the Mediator of the Influence of the Implementation of CSR Program on Competitive Advantage of Smes in Malang

Ratnawati

2017

JAM

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Abstract:The purpose of this study is to study the effect of CSR program implementation on SME innovation as a mediator of CSR program influence of competitiveness of Competitive Small Medium Enterprises in Malang City. The analysis unit used is Small and Medium Enterprises (UKM) located in Malang City which gets CSR program from Government or Private sector of 198 SMEs, out of 460 SMEs who received assistance from the CSR program. Analytical tool used is Structural Equation Modeling (SEM). The results show that partnerships with government and private parties through CSR programs can contribute to the improvement of innovation for SMEs, through innovation of products, processes and business systems of SMEs, so as to create competitive advantage.

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mentioning

confidence: 99%

Smes’ Innovation of the Mediator of the Influence of the Implementation of CSR Program on Competitive Advantage of Smes in Malang

Ratnawati

2017

JAM

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“…Employees are expected to have a pro-active approach and to be willing to learn and implement new knowledge in the innovation activity. On the other hand, they must be adequately rewarded for their innovation ideas, for their increased effort to search for new, innovative solutions (Lesáková, 2009). …”

Section: Discussionmentioning

confidence: 99%

“…al., 2002;Radas, & Božič, 2009;Szczepańska-Woszczyna, 2014) and our own previous research (Lesáková, 2014), we looked for answers to two main questions:…”

Section: Aim Materials and Methodologymentioning

confidence: 99%

“…From the various studies of success and failure in innovation, it is possible to compile a checklist of factors affecting innovation activities. For our purposes, it will be helpful to build on the previous research and focus attention on a set of key factors significant for SMEs´ innovation (Lesáková, 2014).…”

Section: Factors and Barriers Determining Innovation In Smesmentioning

confidence: 99%

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Innovation Leaders, Modest Innovators and Non-innovative SMEs in Slovakia: Key Factors and Barriers of Innovation Activity

et al. 2017

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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.

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“…Kameníková [40] solved the limitations in the use of foreign models predicting the financial development of enterprises in conditions of the Slovak Republic. Lesaková [41] states that top management, based on predictions and forecasts, formulates the financial targets of the enterprise for the appropriate time horizon. Horvathova and Mokrisova [42] diagnosed business performance applying the modern financial performance assessment methods.…”

Section: Literature Reviewmentioning

confidence: 99%

Financial Risk Measurement and Prediction Modelling for Sustainable Development of Business Entities Using Regression Analysis

et al. 2018

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Abstract:The issue of the debt, bankruptcy or non-bankruptcy of a company is presented in this article as one of the ways of conceiving risk management. We use the Amadeus database to obtain the financial and accounting data of Slovak enterprises from 2015 and 2016 to calculate the most important financial ratios that may affect the financial health of the company. The main aim of the article is to reveal financial risks of Slovak entities and to form a prediction model, which is done by the identification of significant predictors having an impact on the health of Slovak companies and their future prosperity. Realizing the multiple regression analysis, we identified the significant predictors in conditions of the specific economic environment to estimate the corporate prosperity and profitability. The results gained in the research are extra important for companies themselves, but also for their business partners, suppliers and creditors to eliminate financial and other corporate risks related to the unhealthy or unfavorable financial situation of the company.

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Evaluating Innovations in Small and Medium Enterprises in Slovakia

Cited by 36 publications

References 2 publications

Smes’ Innovation of the Mediator of the Influence of the Implementation of CSR Program on Competitive Advantage of Smes in Malang

Smes’ Innovation of the Mediator of the Influence of the Implementation of CSR Program on Competitive Advantage of Smes in Malang

Innovation Leaders, Modest Innovators and Non-innovative SMEs in Slovakia: Key Factors and Barriers of Innovation Activity

Financial Risk Measurement and Prediction Modelling for Sustainable Development of Business Entities Using Regression Analysis

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