Competitiveness Factors of Slovak Companies
AbstractThis paper examines factors affecting the competitiveness of leading Slovak companies, using results obtained through a questionnaire survey. The results imply that companies are aware of the key role of consumers. By putting emphasis on production modernisation and extensive use of information and communication technologies, the companies are successful in placing their products on foreign markets, but the final customers are beyond their reach. The results confirm that the most important factors of competitiveness are intra-company factors, above all company management and cost reduction. Other factors considered to have a strong impact are the EU membership of Slovakia and energy costs. The planned adoption of the euro in Slovakia was seen as increasing competitiveness. Companies are starting to realise the need for transition to a higher level of competitiveness, one based on innovation. Among the main threats to competitiveness is the potential exacerbation of labour market imbalances.
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Bibliographic InfoPaper provided by Research Department, National Bank of Slovakia in its series Working and Discussion Papers with number WP 3/2008.
Length: 39 pages
Date of creation: May 2008
Date of revision:
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More information through EDIRC
company competitiveness; SWOT analysis; questionnaire survey;
Find related papers by JEL classification:
- C42 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Survey Methods
- D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
- L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
- L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
- O12 - Economic Development, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
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