scholarly journals Perception of selected strategic management factors of SME in V4 countries

2021 ◽  
Vol 16 (2) ◽  
pp. 437-452
Author(s):  
Jaroslav Belás ◽  
Milan Damborský ◽  
Zdenko Metzker ◽  
Petr Šuleř
Keyword(s):  
Risk Management ◽  
Czech Republic ◽  
Strategic Management ◽  
Empirical Research ◽  
Slovak Republic ◽  
Corporate Management ◽  
Online Questionnaire ◽  
Strategic Risk ◽  
Top Managers ◽  
Management Factors

The objective of the paper was to present current theoretical findings in the area of strategic management of small and medium-sized enterprises (SMEs) in the Visegrad Four (V4) countries. Within the stated objective, the weight of individual strategic management factors was quantified and trends in the Czech Republic were compared with other V4 countries. Empirical research was conducted between October 2019 and March 2020 in V4 countries by means of an online questionnaire. The overall number of accepted questionnaires was as follows: Czech Republic (CR): 454, Slovak Republic (SR): 368, Poland (PL): 364, and Hungary (HU): 399. Questionnaires were completed by company owners and top managers. The empirical research provided several interesting findings. On the one hand, SMEs confirmed that strategic management is an important part of corporate management; on the other hand, strategic management is not implemented in the everyday life of SMEs and is not implemented through action plans and programmes. The level of agreement with the statement that quality strategic management improves the competitiveness of enterprises and their stability in domestic and foreign markets was not very high. Not surprisingly, SMEs have significant weaknesses in monitoring and personal risk management. The research results point to the need for increasing the level of strategic risk management in the segment of SMEs, which is an important factor in improving their competitiveness in a globalizing economic environment.

scholarly journals Selected aspects of strategic management in the service sector

2020 ◽  
Vol 11 (20) ◽  
pp. 109-123 ◽  
Author(s):  
Ján Dvorský ◽  
Zora Petráková ◽  
Khurram Ajaz Khan ◽  
Ivo Formánek ◽  
Zdeněk Mikoláš
Keyword(s):  
Czech Republic ◽  
Strategic Management ◽  
Service Sector ◽  
Slovak Republic ◽  
Total Sample ◽  
Management Tools ◽  
Term Survival ◽  
The Czech Republic ◽  
Mean Values ◽  
Strategic Risk

The focus of the present paper is to identify and defines the important factors of strategic management in SMEs with a specific focus on the service sector and to compare its current situation in the Czech Republic and Slovak republic firms. To shape the study, survey-based research planned and conducted in the Czech Republic and Slovak republic over SMEs in the service sector. The data were collected from the owners or top-level managers, the total sample used in the study was 822, 454 respondents from the Czech firms and 368 firms from the Slovak republic. The study employs basic statistics tools, percentages and mean values, used Z-score to compare the respondents in the Czech Republic and Slovak republic. The major findings of the study reveal that majority of the firms in both the countries use strategic management as an integral part of corporate governance and believe that strategic management usage improves the competitiveness of the firms and its stability in domestic and foreign markets. Another interesting finding reveals that the business sector is not a statistically significant factor in evaluating the sources of strategic risk, found from the firms of both countries. The paper adds to the existing literature of SMEs, investigated the use of strategic management tools for their sustainability and competitiveness. As the key aspects of strategic management are much used in large size organization but less explored in the smaller segment. The outcome of the study can help to understand the SMEs’ attitude towards strategic management usage. It is very useful for long term survival, stability, and expansion, as both countries’ economy is heavily depending on the SMEs.

scholarly journals Comparative Study of the Perception of the Role of a Social Worker in Hospitals in the Czech Republic and Slovakia during the COVID-19 Pandemic

2021 ◽  
Vol 12 (4) ◽  
pp. 23-30
Author(s):  
P. Laca ◽  
s. Laca
Keyword(s):  
Czech Republic ◽  
Social Worker ◽  
Professional Education ◽  
Research Study ◽  
Slovak Republic ◽  
University Education ◽  
Online Questionnaire ◽  
The Czech Republic ◽  
The Social

This research study is focused on the perception of the role of asocial worker by hospital nurses in the Czech and Slovak Re- public during the COVID-19 pandemic. Aim of the study:The main aim of the research study was to find the opinions of nurses from the Czech and Slovak Repub- lic on asocial worker who works in ahospital during acoron- avirus - COVID-19 pandemic and then compare their opinions in helping patients Research sample and setting:The research sample of the study consisted of 75 nurses with higher professional education (Czech Republic), university education of the first and second degree (Czech Republic, Slovak Republic), who were together with social workers in the front line in hospitals at the time of the coronavirus pandemic COVID-19. All participating respon- dents were informed about the purpose of the research study and the completion of the online questionnaire. Statistical analysis:The mathematical-statistical method chi- square test of the independence of the criteria of individual re- search hypotheses was used to compare the interviewed re- spondents in the Czech Republic and Slovakia. Results of the study:Medical staff at the time of the COVID- 19 pandemic was satisfied with the social worker, as evidenced by the research study and their answers in the questionnaire survey. It is clear from the results of the research survey that the participants perceived the social worker positively during the COVID-19 pandemic.

scholarly journals ATTITUDE OF SLOVAK SMALL AND MEDIUM-SIZED ENTERPRISES TOWARDS RISK MANAGEMENT – INVESTIGATION OF THE REGIONAL DIFFERENCES

2019 ◽  
Vol 7 ◽  
Author(s):  
Matej Masár ◽  
Mária Hudáková
Keyword(s):  
Risk Management ◽  
Empirical Research ◽  
Regional Differences ◽  
Slovak Republic ◽  
Business Environment ◽  
Employee Education ◽  
Level Of Education ◽  
Customer Expectations ◽  
Long Time ◽  
Current Business

Contemporary trends highlight the need for education in each enterprise. The current business environment is characterized by many changes such as increased customer expectations and high levels of competitiveness in the environment. World trends, shows, that managers and owners of small and medium-sized enterprises (SMEs) perceived the need to take care of risk management in their enterprise. This issue has been analyzed and discussed for a long time. It is necessary to concentrate on this field mainly in the Slovak Republic. SMEs in Slovakia are very sensitive to changes in the environment. The aim of this paper is to investigate regional differences in the attitude of Slovak SMEs towards risk management, with special emphasis on the attitude towards significance of the education in the field of risk management based on empirical research, which was provided by authors in 2017. This paper will evaluate: the level of dependence between the selected Slovak regions and the created space for discussion about risks in SMEs, the level of dependence between selected Slovak regions and the created space for employee education in risk management in SMEs, and the level of dependence between selected Slovak regions and the required education possibilities in the field of risk management. It will use: association, the Pearson’s coefficient and the Tschuprov coefficient for evaluating the results. Overall results of the empirical research point towards the significance and importance of using risk management in SMEs. The results, shows, that there is a very large association between investigating dependence. Based on the results, it is necessary to improve the level of education in the field of risk management, which will be based on current entrepreneurial requirements.

scholarly journals THEORETICAL BASES FOR BANK STRATEGIC RISK MANAGEMENT UNDER THE IMPACT OF MACRO- AND MICROENVIRONMENT

2014 ◽  
Vol 3 (3) ◽  
pp. 325-330
Author(s):  
Veronika Prosalova ◽  
Elena Smolyaninova ◽  
Olesya Smolyaninova
Keyword(s):  
Risk Management ◽  
Strategic Management ◽  
Financial Management ◽  
Financial Risk ◽  
Banking System ◽  
Legal Framework ◽  
Educational Process ◽  
Strategic Risk ◽  
The Impact ◽  
Performance Research

Purpose of research. The purpose of this research is to examine the theoretical bases for banking strategic risks management through examining the impact of micro- and macroenvironment on the credit performance. . Research method. The authors of this research used such methods as: research and analysis of legal framework, study of In this study, the authors have used such methods of scientific research as the study and analysis of the regulatory framework , the study of monographic publications and articles, analysis. Results. The authors propose to specify the notion of strategic management. Thus the principles of strategic management were developed and specific characteristics of commercial banks financial management have been defined. Besides that the notion of financial risk of the credit organization was specified and new approach to commercial banks’ risk management, based on their origin was developed. Implementation of the results. The results can be used for the publications on different aspects of this topic and in the educational process of the education institutions. Theoretical aspects connected to the difficulty of evaluating banking risks and described in the paper, can be of interest in the process of developing practical measures on preventing or minimizing extent of exposure of the banking system to the risks in general. The main concepts of this research can become a base for further scientific and practical research in the field of rationalizing the banking risks management system.

scholarly journals Strategic management in the process of construction of systems of economic protection of the results of activities of agro-business entities

2019 ◽  
pp. 80-85
Author(s):  
Oksana Makovoz
Keyword(s):  
Risk Management ◽  
Strategic Management ◽  
Economic Security ◽  
Strategic Risk ◽  
Logical Method ◽  
Theoretical Generalization ◽  
Strategic Goals ◽  
Business Entities ◽  
Conceptual Foundations

Purpose. The aim of the article is generalization of the conceptual foundations of strategic management to ensure the economic security of the enterprise in the process of building systems of economic protection of the results of activities of agro-business subjects as an effective mechanism for counteracting external and internal threats. Methodology of research. Scientific methods are used in the writing of the articles, in particular: theoretical generalization – to understand key theories of strategic management; synthesis and analysis – to detail the systems of economic protection of the results of the activity of the subjects of agribusiness as an object of research by its breakdown into parts; abstract and logical method – during the study of the structure of the components of the system of economic protection of the results of the enterprises. Findings. The toolkit of economic protection of agribusiness entities, which can be further transformed and supplemented according to the research of the peculiarities of functioning of their activity in the current market conditions, is investigated. It is substantiated that economic protection of the results of the enterprise activity should include a system of diagnostics and risk management, which will further ensure within the enterprise itself to make prompt decisions on strategic risk management both internal and external environment. The scheme of risk management in the system of economic protection of investment activities of agribusiness entities is proposed. The systems of economic protection of the results of activity of enterprises are improved. Originality. The main criteria of efficiency of economic protection of interests and results of activity of subjects of agro-business in the long term are substantiated: profitability of own capital and economic equilibrium, which characterizes rationality and prudence of management of economic resources and creates a basis for achievement of strategic goals of the enterprise in the long term. Practical value. The introduction of the proposed research results into the activities of agribusiness entities for the use of conceptual principles of strategic planning will contribute to the establishment of a system of economic protection of the results of business activity and dynamic development. Key words: strategic management; risk; threat; protection; result; economic security; management system; enterprise.

Risk in Strategic Management

2021 ◽  
Author(s):  
George M. Puia ◽  
Mark D. Potts
Keyword(s):  
Risk Management ◽  
Strategic Management ◽  
Dynamic Capabilities ◽  
Essential Element ◽  
Operational Risk ◽  
Two Dimensions ◽  
Multidimensional Model ◽  
Strategic Risk ◽  
Risk Environments ◽  
Risk Dimensions

Although risk is an essential element of the business landscape and one of the more widely researched topics in business, there is noticeably less scholarship on strategic risk. Business risk literature tends to only delineate characteristics of risk that are operational rather than strategic in nature. The current operational risk paradigm focuses primarily on only two dimensions of risk: the probability of its occurrence and the severity of its outcomes. In contrast, literature in the natural and social sciences exhibits greater dimensionality in the risk lexicon, including temporal risk dimensions absent from academic business discussions. Additionally, descriptions of operational risk included minimal linkage to strategic outcomes that could constrain or enable resources, markets, or competition. When working with a multidimensional model of risk, one can adjustment the process of environmental scanning and risk assessment in ways that were potentially more measurable. Given the temporal dimensions of risk, risk management cannot always function proactively. In risk environments with short risk horizons, rapid risk acceleration, or limited risk reaction time, firms must utilize dynamic capabilities. The literature proposes multiple approaches to managing risk that are often focused on single challenges or solutions. By combining a strategic management focus with a multidimensional model of strategic risk, one can match risk management protocols to specific strategic challenges. Lastly, one of more powerful dimensions of risky events is their ability to differentially affect competitors, changing the basis of competition. Risk need not solely be viewed as defending against potential losses; many risky occurrences may represent new strategic opportunities.

scholarly journals Shortfall of Strategic Governance and Strategic Management in the Czech Republic

2016 ◽  
Vol 10 (2) ◽  
pp. 30-47 ◽  
Author(s):  
František Ochrana ◽  
Michal Plaček ◽  
Milan Jan Půček
Keyword(s):  
Czech Republic ◽  
Strategic Management ◽  
Empirical Research ◽  
Central Government ◽  
Central State ◽  
The Czech Republic ◽  
State Administration ◽  
Cause Of Failure ◽  
The Government ◽  
The Right

Abstract The article analyses the problems of strategic governance and strategic management of the Czechoslovak Government, as well as the Government of the Czech Republic in the years 1989-2016. It seeks the causes and factors that have caused the low levels of strategic governance and strategic management at the level of the ministries of the Czech Republic. It examines the problem from genetic and historical perspective, and from the organizational and human capacity to exercise strategic governance. The study is based on two pieces of empirical research within the ministries of the Czech Republic. It identifies the main cause of failure of strategic governance and strategic management at the level of the central government of the Czech Republic. These include, in particular, the persistent distrust of the ideas of strategic governance and strategic management held by the right-wing governments and the generally low capacity of governments of the Czech Republic to engage in strategic governance. The organizational structure of the central state administration lacks the strategic units that generate ideas for supporting strategic governance. The empirical research of the ministries of the Czech Republic also revealed that policy workers in Czech ministries dedicate a large proportion of their work time to operational and administrative activities at the expense of analytical and strategic activities. The changes require implementation of reforms within the public administration, which (among other things) will eliminate the existing causes and inhibiting factors regarding the lack of strategic governance in the Czech Republic.

scholarly journals Current Managerial Competencies in Strategic Management and Decision-Making in the Czech Republic

2021 ◽  
Vol 90 ◽  
pp. 02011
Author(s):  
Jarmila Straková ◽  
Jan Váchal ◽  
Filip Čaniga
Keyword(s):  
Decision Making ◽  
Czech Republic ◽  
Strategic Management ◽  
Corporate Management ◽  
Small Companies ◽  
Important Indicator ◽  
The Czech Republic ◽  
Managerial Competencies ◽  
Significant Deficit ◽  
Institute Of Technology

Despite the increasingly strong paradigm of management, which is especially visible in the corporate management sector, there have been changes in the perception of strategic management and decision-making. An important indicator of this process is the level or the application of managerial competencies in practice. Extensive research, which was started by the Department of Management of the Institute of Technology and Business in České Budějovice in 2016, and is still going on, has shown the lack of literacy of managers in this field, especially in the case of older managers. From the perspective of objective scientific knowledge, it can be stated that in scientific and research terms, there is a significant deficit in the corporate sector; the transfer of new knowledge in practice is stagnant or non-existent. This makes the situation all the more urgent, as managers who possess knowledge of this issue consider their knowledge to be obsolete and only partly applicable in terms of their needs for business management. The basic prerequisite to remedy this unfavourable situation consists in knowing the actual situation of individual companies of various sizes and the sectors of the national economy. The submitted contribution presents partial results in terms of the knowledge and application of internal and external strategic analyses by companies operating in the Czech Republic. The research included a set of 456 companies from the entire Czech Republic (109 micro-companies, 140 small companies, 124 medium-sized companies, and 83 large companies). The results revealed a critical state in terms of managerial competencies and skills in companies in the Czech Republic concerning the knowledge and application of strategic situation analysis methods. More than 50% of managers appeared to have only minimum knowledge of this issue.

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