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Significant Attributes of the Business Environment in Small and Meduim-Sized Enterprises

Bibliographic Data

ID2434142
AuthorsJaroslav Belas (0000-0002-5900-997X, Tomas Bata University in Zlin), Přemysl Bartoš (Tomas Bata University in Zlin), Jozef Habánik (Tomas Bata University in Zlin), Petr Novak (0000-0003-4701-5755, Tomas Bata University in Zlin)
Year2014
Volume7
Issue3
Pages22-39
Publication date2014-09-20
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueEconomics & Sociology (JOURNAL)
Journal identifiersISSN: 2071-789X • E-ISSN: 2306-3459
PublisherCentre of Sociological Research, Szczecin, Poland (PUBLISHER • PL)
DOI10.14254/2071-789x.2014/7-3/2
OpenAlexW2044387196
LanguageEN
Citations received3
References cited2

Aim of following contribution is to define and quantify selected attributes of the business environment in Small and medium-sized enterprises (SME). In this context, our own research was prepared and gradually implemented, where the intensity of individual business risks, status, motivation, feelings of entrepreneurs in SME segment, relationship to the bank, state, society, and business optimism in the Czech Republic and Slovakia was analyzed. Due to the global financial crisis, conditions for SME business have worsened. Average decrease in the profitability amounted in 10.44% in the Czech Republic, and in Slovakia 12.01%. The most important business risk for SME is the market risk (lack of market space for the realization of own production). In the Czech Republic 79.44% and 80.49% of Slovak entrepreneurs reported market risk as a key business risk at present. The perception of entrepreneurs by the society and by the state is not good in both of countries. In the Czech Republic and in Slovakia, lots of firm owners have met with corruption and cronyism. Despite the deterioration in the business environment, Czech and Slovak entrepreneurs are very optimistic. Results of our research confirmed that there is necessary to form complex conditions for business development of small and medium-sized businesses in both countries.

Business · Business administration · Industrial organization · Process management · Small business · Enterprise Management and Information Systems · Labor Market and Education · Marketing · Socio-economic Development and Sustainability

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Unique citing works3
Citations per year0,33
Citation span2017 - 2021 (5)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 2

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