Factors that Shape the Competitiveness of Small Innovative Companies Operating in Internatioonal Markets with a Particular Focus on Business Advice

Stawasz, Edward

doi:10.7341/20191513

Cited by 16 publications

(17 citation statements)

References 31 publications

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“…This relationship is clearly visible when it comes to market geographic coverage since it is directly proportional to enterprise size (Figure 2). The literature concerning this subject also lists other development factors, affecting the geographical scope of the market of innovative enterprises, which are particularly important from the perspective of their presence on international markets, such as using business counseling services or the ability to quickly absorb business knowledge (Stawasz, 2019). The only exception here is the independence of forms of innovation activity from enterprise types, which is logical as only innovative companies were studied.…”

Section: Discussionmentioning

confidence: 99%

Diversification of innovation strategies of Polish industrial processing enterprises depending on their size after the global financial crisis

Jakimowicz¹,

Rzeczkowski²

2019

JEMI

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The purpose of this arti cle is to defi ne an innovati on strategy for Polish industrial processing enterprises for 2012-2014, i.e. aft er a negati ve external shock which escalated in [2008][2009][2010] and was associated with a global fi nancial crisis. Various types of enterprises (small, medium, large), geographic scope of markets, forms of innovati on acti vity of enterprises, decisions by enterprises regarding innovati on implementati on types, methods of product development and process innovati ons by enterprises, and forms of eco-innovati on which are the most frequent in industrial processing, were studied as well as barriers to innovati on. Overall, seven detailed research hypotheses were stati sti cally verifi ed using a chi-square test for independence. Subsequently, due to a high number of variables taken into account in the study as well as the necessity of providing a detailed descripti on of the relati onships between them, a correspondence analysis was employed. The analysis was aimed at reducing the multi -dimensional space where the studied phenomena occur to a space of fewer dimensions, in this case, to two dimensions. This allows for a careful examinati on of the co-occurrence of the phenomena using biplots. A relati vely slight tendency of enterprises towards innovati on was established as well as cauti on in its implementati on, which may result from the relati ve persistence of the exogenous shock eff ects. At the same ti me, there is a clear tendency towards eco-innovati on in a broader perspecti ve, with a slow decrease -as presumed by enterprises -in the importance of barriers to innovati on. Practi cal conclusions following from the study show the need to emphasize the benefi ts of innovati on, especially eco-innovati on, in pro-innovati on policy, which will help to avoid the adverse eff ects of the external shock -psychological barriers and This is an open access arti cle under the CC BY license (htt ps://creati ecommons.org/licenses/by/4.0/legalcode). 36 / Diversification of innovation strategies of Polish industrial processing enterprises depending on their size after the global financial crisis Evolving Enterprise Competences as a Consequence of Response to Changes in the Environment Anna Ujwary-Gil, Natalia Potoczek (Eds.)excessive caution in innovation planning and implementation. The article presents an original, unique, and comprehensive analysis of the relationships between sixty-three variables describing the innovation activity of enterprises. Therefore, the value of the article lies in an original and strictly empirical approach to the problems of innovation in the industrial processing sector, which means that the study presented in it might become a possible model for such analyses in the future.

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Section: Discussionmentioning

confidence: 99%

Diversification of innovation strategies of Polish industrial processing enterprises depending on their size after the global financial crisis

Jakimowicz¹,

Rzeczkowski²

2019

JEMI

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“…The level of education of entrepreneurs should be positively correlated with the level of knowledge in management and the probability of having a development strategy (Grabowski & Stawasz, 2017;Stawasz, 2019). As a result, the awareness that innovativeness brings benefits is higher.…”

Section: Journal Of Entrepreneurship Management and Innovation (Jemi)mentioning

confidence: 99%

The role of firm-level factors and regional innovation capabilities for Polish SMEs

Arendt¹,

Grabowski²

2019

JEMI

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The paper elaborates on the innovati veness of Small and Medium-Sized Enterprises in Poland from the regional perspecti ve. The empirical evidence is based on data collected among 820 Polish SMEs which acti vely use ICT tools in their business processes. Identi fying fi rm-level (internal) and regional drivers of innovati ons in these enterprises was the main aim of this study. The originality of the uti lized research approach lies in combining within one framework fi rm-level data with meso data describing the innovati ve potenti al of the regional environment and using multi level randomeff ects models to analyze the relevance of fi rm-level and regional drivers of SMEs' innovati veness. By deploying a regional random eff ects approach, we assessed indirectly the eff ecti veness of innovati on policies conducted in Polish NUTS 2 regions within a RIS and S3 framework. Interesti ngly, the research hypothesis, stati ng that regional (external) factors are more important to enhance innovati veness of SME than fi rm-level (internal) drivers, was verifi ed negati vely. The study revealed that SMEs in less-developed regions of Poland rely more on in-house capabiliti es, than on the regional innovati ve potenti al, to introduce diff erent types of innovati ons. This suggests that the S3 framework in lessdeveloped regions should concentrate more on linking fi rm-level factors and regional innovati on systems to enhance companies' innovati on capacity.

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“…The study (Stawasz, 2019) dwells on the ability to gain business knowledge which determines the level of small enterprise competitiveness and the efficiency of use of this external business knowledge. The study has validated the hypothesis about a significant impact of business consulting on the system of competitiveness determinants.…”

Section: Literature Review and Problem Statementmentioning

confidence: 99%

Strategic Analysis of Export Activities of Enterprises to Ensure Sustainable Development

Pakhucha

Babko

Bilousko

et al. 2021

EJSD

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In the article necessity and significance to study of financial risks, which are a constant factor in the activity of any enterprise, are substantiated. It is established that for a broader understanding of the essence of financial risk it is necessary to consider it as a cumulative risk of the enterprise. The growing impact of financial risks on the results of financial and economic activities is associated with the uncertain economic situation, the instability of financial market conditions, the rapid introduction of new financial technologies and financial instruments, expanding the scope of financial relations of the enterprise. Methods of financial risk assessment are investigated, which involve the identification of risks, determining the causes of their occurrence and potential risk areas, as well as the negative consequences of making a risky decision or possible benefits. Comparing the methods of quantitative assessment of financial risk, it was found that the level of risk may vary depending on the chosen method of assessment. A system of financial ratios has been formed to quantify the risk of enterprises of different sizes, namely for large, medium and small enterprises, which most accurately reflect the current financial situation. An assessment of the financial results of enterprises operating in the field of wholesale trade. The financial results before the taxation of activity as an indicator that characterizes the potential for profit generation of wholesale trade enterprises by size distribution are studied. The value of financial results (balance) before taxation of wholesale trade enterprises is forecasted. It is established that the growing pressure of the crisis and insecurity on the part of the state will lead to the transition from the crisis in which enterprises are today, to a state of economic bankruptcy. This situation requires the formation and use of financial resources of enterprises, based on the system and complexity of making and implementing management decisions. Quantitative and qualitative assessment of financial risks of wholesale trade enterprises belonging to groups of large, medium and small enterprises was carried out. Based on these calculations, the ranking of priorities in the management of financial stability. It is established that the first place among the blocks of financial coefficients of risk assessment of enterprises is occupied by the block of business activity, then the block of profitability indicators, the block of liquidity indicators, the final block of capital structure. For each of the defined blocks the directions of increase, or optimization that will provide financial stability of the enterprise are presented.

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Factors that Shape the Competitiveness of Small Innovative Companies Operating in Internatioonal Markets with a Particular Focus on Business Advice

Cited by 16 publications

References 31 publications

Diversification of innovation strategies of Polish industrial processing enterprises depending on their size after the global financial crisis

Diversification of innovation strategies of Polish industrial processing enterprises depending on their size after the global financial crisis

The role of firm-level factors and regional innovation capabilities for Polish SMEs

Strategic Analysis of Export Activities of Enterprises to Ensure Sustainable Development

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