Executive Summary Study „Determinants of competitiveness of the Czech SMEs: findings from the Global Competitiveness Project“
The study aimed to empirically assess firm-level drivers of competitiveness of the Czech small- and medium-sized enterprises (SMEs) using the complex firm-level competitiveness index. The authors explored the relationship between firm competitiveness and firm characteristics such as size, age, industry affiliation and location. The determinants of competitiveness were tested econometrically by estimation of multivariate regression models. The authors mainly found a significant relationship between the firm size and competitiveness of the Czech SMEs. The authors have also confirmed that the least competitive enterprises are those operating in the agricultural sector and that regional location plays an important role in the determination of firm competitiveness.
It seems beneficial for the Czech SMEs to expand the scope of operations to achieve a larger company size, for example, by focussing on investment activities, direct marketing, improving entrepreneurial skills or by applying an aggressive sales strategy, especially towards markets with lower competition.
Target Audience/Stakeholders: Entrepreneurs and managers
Citation: Dvouletý, O., & Blažková, I. (2020). Determinants of competitiveness of the Czech SMEs: findings from the Global Competitiveness Project. Competitiveness Review: An International Business Journal. DOI: https://doi.org/10.1108/CR-01-2020-0007