2020
DOI: 10.2478/mmcks-2020-0032
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Strategic Management in SMEs and Its Significance for Enhancing the Competitiveness in the V4 Countries - A Comparative Analysis

Abstract: The study’s main aim is to determine how the entrepreneurs in SMEs of the Visegrad Group (V4) perceive the strategic management process and how they manage strategic risks within it. The study also focuses on how a perception of examined determinants differs depending on business duration, management education and sex. The research was performed from 9/2019 to 4/2020 in the V4 countries by means of online questionnaire. The findings were interesting. SMEs’ business duration is a significant factor in evaluatin… Show more

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Cited by 20 publications
(11 citation statements)
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“…Each and every organization has its own understanding and definition of knowledge, one that is often influenced by the company knowledge sources and information flow structure. Not all information and knowledge models are suited for all companies, each company having its own needs and requirements, especially in the long run (Gavurova et al, 2020). While some organizations are focused on technology when it comes to creating and managing knowledge, some are still 'old-fashioned', having people at the center of all their decisions (Dinca, 2020).…”
Section: Literature Reviewmentioning
confidence: 99%
“…Each and every organization has its own understanding and definition of knowledge, one that is often influenced by the company knowledge sources and information flow structure. Not all information and knowledge models are suited for all companies, each company having its own needs and requirements, especially in the long run (Gavurova et al, 2020). While some organizations are focused on technology when it comes to creating and managing knowledge, some are still 'old-fashioned', having people at the center of all their decisions (Dinca, 2020).…”
Section: Literature Reviewmentioning
confidence: 99%
“…It should be noted that there are also some, including international standards for the organization of risk management (Gavurova et al, 2021).…”
Section: The Concept Of Risk and Risk Managementmentioning
confidence: 99%
“…In developing countries, which do not have yet implemented the high-end energy infrastructure, new technologies such as smart grid systems and IoT, demand response can become very popular (Hanger et al, 2016;Gavurova et al, 2020).…”
Section: Adoption Of Iot Technologies In the Process Of Energy Supplymentioning
confidence: 99%