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Fuzzy model of relationship among economic performance, competitiveness and business ethics of small and medium-sized enterprises

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  • Nina Bočková

    (Ústav ekonomiky, Fakulta podnikatelská, Vysoké učení technické v Brně, Kolejní 2906/4, 612 00 Brno, Česká republika)

  • Zdeněk Brož

    (Ústav informatiky, Fakulta podnikatelská, Vysoké učení technické v Brně, Kolejní 2906/4, 612 00 Brno, Česká republika)

  • Mirko Dohnal

    (Ústav ekonomiky, Fakulta podnikatelská, Vysoké učení technické v Brně, Kolejní 2906/4, 612 00 Brno, Česká republika)

Abstract

The objective of this article is to study the relations among financial indicators, competitiveness and business ethics of comparable small and medium-sized enterprises. A sample of 59 SMEs from the South Moravia region was chosen. All selected companies either produce or service electronics. This research is based on the application of scientific analysis, synthesis, induction, fuzzy logic and modeling. Information for this research was obtained from secondary information sources - Amadeus database, accounting statements and information from the register of companies. Each company is described by a set of 10 variables. Fuzzy sets and reasoning are ideal tools to cope with vague, ill-structured and uncertain scenarios which can be found frequently in business and economics. This is the main reason why fuzzy logic was used in this research. The paper is self-explanatory and no a prior knowledge of fuzzy reasoning is required.

Suggested Citation

  • Nina Bočková & Zdeněk Brož & Mirko Dohnal, 2012. "Fuzzy model of relationship among economic performance, competitiveness and business ethics of small and medium-sized enterprises," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 60(4), pages 71-78.
    • Handle: RePEc:mup:actaun:actaun_2012060040071
    DOI: 10.11118/actaun201260040071
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    References listed on IDEAS

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    1. Dohnal, M. & Starzak, M. & Kerkovsky, M. & Dohnalova, J. & Vystrcil, J. & Koivisto, R. & Pokorny, M. & Vanis, M. & Parsons, S., 1993. "A fuzzy upgrading of integrated vague managerial and engineering knowledge," International Journal of Production Economics, Elsevier, vol. 32(2), pages 209-228, September.
    2. Heledd Jenkins, 2006. "Small Business Champions for Corporate Social Responsibility," Journal of Business Ethics, Springer, vol. 67(3), pages 241-256, September.
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