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Innovation activities of gazelles in business services as a factor of sustainable growth in the Slovak Republic

Dana BeneÅ¡ová (), Viera KubiÄ ková (), Anna Michálková () and Monika KroÅ¡láková ()
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Dana Benešová: University of Economics in Bratislava, Slovakia
Viera KubiÄ ková: University of Economics in Bratislava, Slovakia
Anna Michálková: University of Economics in Bratislava, Slovakia
Monika Krošláková: University of Economics in Bratislava, Slovakia

Entrepreneurship and Sustainability Issues, 2018, vol. 5, issue 3, 452-466

Abstract: Gazelles create greater share of new jobs in comparison with other businesses operating on the market. These are young businesses of various sizes, but mainly small businesses. They generate a high rate of growth of production within a short time, which is based on the use of innovation, they are also the bearers of innovation. They are characterized by effective use of creativity and human resource capacities. They may be found in all sectors of economy, but to the greatest extent in the services sector and within that sector mainly in business services characterized by high knowledge intensity, high dynamics and continuous growth in employment. Gazelles of business services in the Slovak Republic intensively use all types of innovation. Management ability to optimize innovative processes according to needs of the enterprise seems to be of importance. Human resources and performance is considered to be the most important area of innovation influence. With its innovative activity they act as the accelerator of economy and changes in the thinking and culture of both enterprises, as well as the whole company toward sustainable growth.

Keywords: innovation; gazelles; fast-growing companies; business services; knowledge-intensive services; performances; sustainable growth (search for similar items in EconPapers)
JEL-codes: O31 L20 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:5:y:2018:i:3:p:452-466

DOI: 10.9770/jesi.2018.5.3(3)

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