scholarly journals Influence of product innovations on financial performance of small and medium-sized enterprises in the Czech Republic

2012 ◽  
Vol 60 (7) ◽  
pp. 409-414 ◽  
Author(s):  
Jakub Tabas ◽  
Michaela Beranová ◽  
Dana Martinovičová
Keyword(s):  
Czech Republic ◽  
Financial Performance ◽  
Future Research ◽  
The Czech Republic ◽  
Service Companies ◽  
Product Innovations ◽  
Production Processes ◽  
Effectiveness Measurement ◽  
Statistical Sample ◽  
Positive Effect

Objective of this article is to determine possible effect of product innovations on the financial performance of small and medium-sized enterprises in the Czech Republic. The pilot research has been realized on the statistical sample of 100 companies which were categorized into three basic groups; service companies, trade companies, and production companies. As the measure of innovation effect, the authors applied the deviation of production power, i.e. the ration of EBIT to assets, of a business entity from the industry average while the industry average of production power was selected especially in order to reduce the influence of the economy cycles. In the three categories of companies, different effects of product innovations have been observed. In the service companies and trade companies, the positive effect is limited because of potential simplicity of imitation by competitors. More positive effect of product innovations has been observed in production companies which can protect the products or production processes better then service companies or trade companies where the product innovations are mostly connected with extension of extension of services portfolio offered. For the conclusion, the authors provide suppositions and designs for their future research in this problem of innovations’ effectiveness measurement.

MATERIAL FLOW COST ACCOUNTING (MFCA) – TOOL FOR THE OPTIMIZATION OF CORPORATE PRODUCTION PROCESSES

2011 ◽  
Vol 9 (1) ◽  
pp. 5-18 ◽  
Author(s):  
Jaroslava Hyršlová ◽  
Miroslav Vágner ◽  
Jiří Palásek
Keyword(s):  
Czech Republic ◽  
Material Flow ◽  
Cost Accounting ◽  
Manufacturing Processes ◽  
Manufacturing Plant ◽  
Ceramic Tiles ◽  
The Czech Republic ◽  
Production Processes

The paper focuses on the Material Flow Cost Accounting method (hereinafter the “MFCA”). It presents an application of the MFCA within a manufacturing plant of the largest manufacturer of ceramic tiles in the Czech Republic – the company Lasselsberger. It shows the importance of data acquired from the MFCA system as well as their application for an optimization of manufacturing processes for specific conditions of a manufacturing plant of the company.

Lean home services in Czech Republic

2019 ◽  
Vol 10 (3) ◽  
pp. 784-802
Author(s):  
Felipe Martinez
Keyword(s):  
Czech Republic ◽  
Large Scale ◽  
Assessment Tool ◽  
Future Research ◽  
Lean Management ◽  
The Czech Republic ◽  
Content Type ◽  
Services Sector ◽  
Main Challenge ◽  
Size Limits

Purpose The purpose of this paper is to present the findings of an empirical research on the leanness of the home services sector in the Czech Republic. The automotive sector provides reference to argue the numerical outcomes. Design/methodology/approach The research uses a specifically designed assessment tool (Lean Index – LI) to determine the sector’s leanness level. Referring to the results from both sectors, the paper draws conclusions about the current leanness level of home services providers. Findings The proposed LI indicates a value of 69.50 per cent for home services providers, whereas the LI for the automotive industry suppliers is 82.88 per cent. This suggests that there are large opportunities for the implementation of lean management in the home services sector. However, the main challenge is to introduce a continuous improvement approach to these companies. Research limitations/implications The sample size limits the generalisation of the research results. However, this paper represents the first empirical attempt to implement a large-scale survey. The results are limited to the Czech Republic. However, parties from other countries have indicated interest to replicate the research. Practical implications This research provides first empirical findings on the possibilities of implementing lean in the home services sector. Future research projects in other sectors will have the opportunity to make use of the LI assessment tool. Originality/value The paper presents the first approach of lean management into the home services sector. It provides valuable information to specialised institutions in the sector about the possibilities of lean management in the sector. It also provides an overview of the sector for practitioners and academics willing to pioneer lean in the sector.

scholarly journals Response of sulphur dynamics in European catchments to decreasing sulphate deposition

2001 ◽  
Vol 5 (3) ◽  
pp. 311-326 ◽  
Author(s):  
A. Prechtel ◽  
C. Alewell ◽  
M. Armbruster ◽  
J. Bittersohl ◽  
J. M. Cullen ◽  
...  
Keyword(s):  
Czech Republic ◽  
Future Research ◽  
Clear Trend ◽  
Sulphur Deposition ◽  
The Czech Republic ◽  
Run Off ◽  
Major Interest ◽  
Sulphate Deposition ◽  
Long Term Trends

Abstract. Following the decline in sulphur deposition in Europe, sulphate dynamics of catchments and the reversibility of anthropogenic acidification of soils and freshwaters became of major interest. Long-term trends in sulphate concentrations and fluxes in precipitation/throughfall and freshwaters of 20 European catchments were analysed to evaluate catchment response to decreasing sulphate deposition. Sulphate deposition in the catchments studied declined by 38-82% during the last decade. Sulphate concentrations in all freshwaters decreased significantly, but acidification reversal was clearly delayed in the German streams. In Scandinavian streams and Czech/Slovakian lakes sulphate concentrations responded quickly to decreased input. Sulphate fluxes in run-off showed no clear trend in Germany and Italy but decreased in Scandinavia, the Czech Republic and Slovakia. The decrease, however, was less than the decline in input fluxes. While long-term sulphate output fluxes from catchments were generally correlated to input fluxes, most catchments started a net release of sulphate during the early 1990s. Release of stored sulphate leads to a delay of acidification reversal and can be caused by four major processes. Desorption and excess mineralisation were regarded as the most important for the catchments investigated, while oxidation and weathering were of lesser importance for the long-term release of sulphate. Input from weathering has to be considered for the Italian catchments. Sulphate fluxes in German catchments, with deeply weathered soils and high soil storage capacity, responded more slowly to decreased deposition than catchments in Scandinavia and the Czech Republic/Slovakia, which have thin soils and relatively small sulphate storage. For predictions of acidification reversal, soil characteristics, sulphur pools and their dynamics have to be evaluated in future research. Keywords: acidification reversal, sulphur, sulphate release, Europe, catchments, deposition, lake, stream

scholarly journals First evaluation of growth parameters in clonal test with wild cherry

2008 ◽  
Vol 53 (No. 2) ◽  
pp. 57-65 ◽  
Author(s):  
M. Hajnala ◽  
M. Lstibůrek ◽  
J. Kobliha
Keyword(s):  
Czech Republic ◽  
Prunus Avium ◽  
Growth Parameters ◽  
Mixed Linear Model ◽  
Future Research ◽  
Wild Cherry ◽  
The Czech Republic ◽  
Research Activities ◽  
Clonal Test ◽  
Clonal Trial

A 6-year-old clonal trial with 13 clones of wild cherry (<i>Prunus avium</i> L.) was evaluated during the summer of 2004 at 6 different sites in the Czech Republic. Observed traits were the stem height, stem diameter, health status, and mortality. The mixed linear model was implemented with either independent or the autoregressive error structure. The later provided better fit to the data. At this age, only one clone outperformed the remaining ones in volume production. Suggestions for future research activities are provided that should lead to the establishment of long-term breeding programs with wild cherry in the Czech Republic.

scholarly journals Modelling direct payments to agriculture in a CGE Framework – analysis of the Czech Republic

2011 ◽  
Vol 57 (No. 11) ◽  
pp. 517-528 ◽  
Author(s):  
Z. Křístková ◽  
A. Habrychová
Keyword(s):  
Czech Republic ◽  
Policy Instruments ◽  
Value Added ◽  
Complete Removal ◽  
Living Standard ◽  
Negative Effects ◽  
Positive Role ◽  
The Czech Republic ◽  
Direct Payments ◽  
Positive Effect

The paper deals with modelling of the direct payments subsidies to agriculture and their impact on the economy of the Czech Republic. With the use of the general equilibrium model, scenarios concerning an increase of subsidies reaching 100% of the national envelope and a complete removal of both SAPS and Top-Up payments are applied. The results show that if the full amount of subsidies is granted, the value added in agriculture and the connected sectors is stimulated, with a positive effect on the total GDP. However, if the direct payments are completely removed, negative effects on employment can be expected, suggesting that the direct payments play a positive role in the economy. The paper further points out that the effects of direct payments on the incomes of farmer households are limited, suggesting that the farmers&rsquo; living standard should be supported by other policy instruments than the direct payments

Changing foreign trade patterns in post-reform czech industry (1989-1995) - empirical evidence

1997 ◽  
Vol 6 (4) ◽  
Author(s):  
Frank Stolze
Keyword(s):  
Czech Republic ◽  
Foreign Trade ◽  
Trade Flows ◽  
Trade Patterns ◽  
The Czech Republic ◽  
Factor Endowments ◽  
Energy Inputs ◽  
Correlation Tests ◽  
Positive Effect ◽  
The Eu

Summarizing our analysis we must acknowledge that it is still difficult to get a precise picture of the role which different factors play in determining international competitiveness of industrial branches. The most limits of the analysis are as follows: comprehensive data on input intensities of industrial branches were only available for West European countries; the assumptions necessary for a precise forecast of competitiveness positions through RCA-indicators are not been fulfilled; trade patterns are still distorted by production structures and capacities inherited from the planned economy. Although it may be premature to seriously address the question to what extent factor endowments determine trade flows between the Czech Republic and the EU, we have found a number of interesting tendencies. For the year 1989 correlation tests and an analysis of the most 10, 20 and 30 factor-intensive industries revealed a certain positive effect of capital, labour and energy inputs.

scholarly journals Employee Turnover and Knowledge Management in the Czech Republic

2015 ◽  
Vol 63 (1) ◽  
pp. 313-325 ◽  
Author(s):  
Lucie Vnoučková ◽  
Hana Urbancová
Keyword(s):  
Czech Republic ◽  
Personal Growth ◽  
Employee Turnover ◽  
Knowledge Workers ◽  
Knowledge Worker ◽  
Future Research ◽  
The Czech Republic ◽  
Critical Knowledge ◽  
Research Areas ◽  
Basic Approaches

Knowledge economy regards employee knowledge as a most important asset. It is a priority task to ensure systematic knowledge continuity of those employees who are the holders of critical knowledge. The aim of the article is to analyse the causes of mobility of knowledge workers and categorise types of employees and mobility according to the future development of an employee’s career. The research areas, i.e. ensuring knowledge continuity and employee turnover were analysed based on the premise of significant relation between those two areas. The data were collected in organizations in the Czech Republic. Surveys were drawn across sectors to ensure representativeness of the outcomes. The outputs revealed two basic approaches to maintaining knowledge inside organizations. Employees can be divided into knowledge workers and remainder, who seek only security. A knowledge worker who decides to transfer is not motivated by the amount of salary (they do not mind a lower level of remuneration); on the contrary they suffer due to an unclear vision on the part of the organization, where they used to work; they cannot stay in conditions where there is no possibility to participate on personal growth. Future research in this area should focus on the return of investments in the knowledge and employee learning, training and retention.

scholarly journals Cluster performance management

ACC Journal ◽  
2020 ◽  
Vol 26 (2) ◽  
pp. 94-100
Author(s):  
Natalie Pelloneová
Keyword(s):  
Czech Republic ◽  
Financial Performance ◽  
Performance Management ◽  
Public Support ◽  
Top Down ◽  
Cluster Performance ◽  
The Czech Republic ◽  
Business Entities ◽  
High Degree ◽  
The Impact

The presented article is based on research evaluating the impact of cluster organisations on the financial performance of member entities. The author’s doctoral thesis examines whether there is a difference in the financial performance of cluster organisations created through the bottom-up and the top-down approaches, under the conditions existing in the Czech Republic. Both types of clusters that meet the condition of maturity (established before or in 2012) and of a high degree of activity were selected for the research. The financial performance of member business entities was assessed using the following indicators: ROA, ROE, ROS, EVA, EVA/employee and EVA/sales. The aim of the research was to demonstrate whether public support for clusters would be reflected in member entities’ better financial performance. The final part of the paper then summarises and discusses the findings.

scholarly journals Konkurence mezi školami a výsledky žáků v České republice: pohled zblízka na šetření PISA 2012

Pedagogika ◽  
2016 ◽  
Vol 66 (2) ◽  
Author(s):  
Dominik Dvořák ◽  
Jana Straková
Keyword(s):  
Czech Republic ◽  
School Choice ◽  
The Czech Republic ◽  
School Competition ◽  
Pisa 2012 ◽  
School Variables ◽  
Different Types ◽  
Demographic Background ◽  
The Impact ◽  
Positive Effect

Abstrakt: Reformy založené na zavádění tržních principů do vzdělávání zatím spíše zklamaly očekávání, že povedou k celkovému zlepšení vzdělávacích výsledků žáků. Mezinárodní šetření PISA 2012 tento poznatek rovněž potvrdilo. Avšak v případě České republiky byly publikovány výsledky uvádějící, že i po zohlednění socioekonomických a demografických rozdílů mezi žáky a dalších relevantních faktorů na úrovni škol dosahují lepších výsledků v matematice žáci v těch školách, které jsou vystaveny větší lokální konkurenci. Náš článek představuje kritickou revizi těchto výsledků. Vyšli jsme ze stejných datových souborů z šetření PISA a použili jsme dvouúrovňové modely, kde první úroveň byla žákovská a druhá školní. Pokud model (na rozdíl od postupu uplatněného autory šetření PISA) zohledňovat skutečnost, že ve vzorku jsou zastoupeny základní školy, víceletá gymnázia a střední školy, pak zdánlivý účinek konkurence mezi školami vymizel. Konkurence mezi školami jednoho typu tedy ani v České republice nevede k lepším znalostem a dovednostem žáků v matematice. Klíčová slova: volba školy, konkurence mezi školami, výsledky žáků, matematika, Česká republika, PISA.Klíčová slova: volba školy, soutěž mezi školami, výsledky žáků, matematika, Česká republika, PISAAbstract: Several studies have shown that market-based reforms of education, on average, do not improve the pupil performance across or within national school systems. The PISA 2012 survey found, however, that in the Czech Republic the schools that compete with other neibourghing schools for pupils tend to perform better in mathematics even after accounting for the socio-economic and demographic background of pupils and for relevant school characteristics (OECD, 2013). In our study, we re-evaluate this result. The impact of school variables on student achievement was studied using the PISA datasets and two-level models with pupils at the first level and schools at the second level. After accounting for different types of secondary schools in the Czech school sample, the apparent positive effect of school competition disappeared.Keywords: school choice, school competition, achivement, mathematics, Czech Republic, PISA

scholarly journals Innovations’ Survival

2016 ◽  
Vol 64 (4) ◽  
pp. 1393-1399
Author(s):  
Jakub Tabas ◽  
Michaela Beranová
Keyword(s):  
Time Series ◽  
Survival Analysis ◽  
Czech Republic ◽  
Financial Performance ◽  
Economic Effect ◽  
The Czech Republic ◽  
Going Concern ◽  
Deviation Analysis ◽  
Three Samples ◽  
Technical Innovations

Innovations currently represent a tool of maintaining the going concern of a business entity and its competitiveness. However, effects of innovations are not infinite and if an innovation should constantly preserve a life of business entity, it has to be a continual chain of innovations, i.e. continual process. Effective live of a single innovation is limited while the limitation is derived especially from industry. The paper provides the results of research on innovations effects in the financial performance of small and medium-sized enterprises in the Czech Republic. Objective of this paper is to determine the length and intensity of the effects of technical innovations in company’s financial performance. The economic effect of innovations has been measured at application of company’s gross production power while the Deviation Analysis has been applied for three years’ time series. Subsequently the Survival Analysis has been applied. The analyses are elaborated for three statistical samples of SMEs constructed in accordance to the industry. The results obtained show significant differences in innovations’ survival within these three samples of enterprises then. The results are quite specific for the industries, and are confronted and discussed with the results of authors’ former research on the issue.

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