Innovation in Small and Medium Enterprises in the Czech Republic
Petra Koudelková
Central European Business Review, 2014, vol. 2014, issue 3, 31-37
Abstract:
The success of small and medium enterprises (SMEs) is crucial for the development of the Czech economy. Czech SMEs contribute to innovation and economic growth; they provide employment opportunities and stimulate economic growth. The aim of this research is to determine the key elements of growth and innovation in Czech SMEs. A questionnaire survey of innovation in SMEs in the Czech Republic was used; the research was held in the second quarter of 2013. The research results show that innovation has a positive impact on the growth of Czech SMEs and hence it should become a top priority for the Government strategies and policies that aim to promote economic growth and business development in the Czech Republic.
Keywords: economic growth; development; innovation; SMEs; Czech Republic (search for similar items in EconPapers)
JEL-codes: C23 D22 P20 (search for similar items in EconPapers)
Date: 2014
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DOI: 10.18267/j.cebr.91
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