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Innovation in Small and Medium Enterprises in the Czech Republic

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  • Petra Koudelková

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.

Suggested Citation

  • Petra Koudelková, 2014. "Innovation in Small and Medium Enterprises in the Czech Republic," Central European Business Review, Prague University of Economics and Business, vol. 2014(3), pages 31-37.
    • Handle: RePEc:prg:jnlcbr:v:2014:y:2014:i:3:id:91:p:31-37
    DOI: 10.18267/j.cebr.91
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    More about this item

    Keywords

    economic growth; development; innovation; SMEs; Czech Republic;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General

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