STRAKOVÁ, Jarmila and Milan TALÍŘ. Strategic Management and Decision Making of Small and Medium-Sized Enterprises in the Czech Republic. Online. In J. Horák, J. Vrbka and Z. Rowland (Eds.). SHS Web of Conferences. Volume 73. Les Ulis, Francie: EDP Sciences - Web of Conferences, 2020, p. nestránkováno, 10 pp. ISBN 978-2-7598-9094-1.
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Basic information
Original name Strategic Management and Decision Making of Small and Medium-Sized Enterprises in the Czech Republic
Authors STRAKOVÁ, Jarmila (203 Czech Republic, guarantor, belonging to the institution) and Milan TALÍŘ (203 Czech Republic, belonging to the institution).
Edition Volume 73. Les Ulis, Francie, SHS Web of Conferences, p. nestránkováno, 10 pp. 2020.
Publisher EDP Sciences - Web of Conferences
Other information
Original language English
Type of outcome Proceedings paper
Field of Study 50204 Business and management
Country of publisher France
Confidentiality degree is not subject to a state or trade secret
Publication form electronic version available online
WWW URL
RIV identification code RIV/75081431:_____/20:00002006
Organization unit Institute of Technology and Business in České Budějovice
ISBN 978-2-7598-9094-1
UT WoS 000648964700040
Keywords in English strategic management; vision; mission; corporate strategy; situation analysis
Tags NE_STM, RIV21, WOS
Links TL01000349, research and development project.
Changed by Changed by: Mgr. Nikola Petříková, učo 28324. Changed: 21/6/2021 09:45.
Abstract
The topic of strategic management and decision making was underestimated by SMEs for a long term. Managers believed that experience, intuition and operability are the key success factors of their management work. These opinions have recently been abandoned in the management practice. This paper is focused on the analysis of strategic management and decision making and presents the outputs from research based on a test sample of 381 enterprises, of which 114 microenterprises, 141 small enterprises and 126 medium-sized enterprises. The company size categorization within this sample is corresponding to the SME structure in the South Bohemian Region. Lack of awareness of procedures for development of essential strategic documents such as vision, mission statements and a corporate strategy was observed. More than 60 % SMEs do not have such documents. are Similar results were obtained with respect to the development of a corporate strategy using the methods of a strategic situation analysis. This finding is alarming and its adverse impact can primarily be expected in a period of economic recession or downturn. Key
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