 Measuring the competitiveness of Latvian companiesBaltic Journal of Economics, 2014, vol. 14, issue 1-2, 140-158 Abstract: This study makes an empirical contribution by exploring factors that contribute to the competitiveness of Latvian companies. The paper draws on a survey of owner-managers to determine the availability and use of resources and strategies found to be important drivers for firms’ competitiveness. Overall, we identify a number of firm-level factors, including involvement in risk-taking behaviour, more extensive use of networking channels, and efficient use of various business strategies as potential sources to increase the competitiveness of Latvian companies. Company owner-managers, however, tend to be more productive in using available human resources, and are satisfied with the availability of physical resources in addition to having a strong export orientation. The study also indicates various shortcomings in the external environment which, as perceived by respondents, are a burden for competitive entrepreneurship activities in the Latvian market. In this light, albeit of an exploratory nature, this study can be used as a source for evidence-based entrepreneurship policies in Latvia and other countries of Central and Eastern Europe. Keywords: competitiveness; entrepreneurship; Latvia; strategies (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bic:journl:v:14:y:2014:i:1-2:p:140-158 Access Statistics for this article More articles in Baltic Journal of Economics from Baltic International Centre for Economic Policy Studies Contact information at EDIRC. |
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