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

Author

Listed:
  • Dana Benešová

    (University of Economics in Bratislava, Slovakia)

  • Viera Kubičková

    (University of Economics in Bratislava, Slovakia)

  • Anna Michálková

    (University of Economics in Bratislava, Slovakia)

  • Monika Krošláková

    (University of Economics in Bratislava, Slovakia)

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.

Suggested Citation

  • Dana Benešová & Viera Kubičková & Anna Michálková & Monika Krošláková, 2018. "Innovation activities of gazelles in business services as a factor of sustainable growth in the Slovak Republic," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 5(3), pages 452-466, March.
    • Handle: RePEc:ssi:jouesi:v:5:y:2018:i:3:p:452-466
    DOI: 10.9770/jesi.2018.5.3(3)
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    References listed on IDEAS

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    Cited by:

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    2. O. Karasev & A. Beloshitsky & S. Trostyansky & A. Krivtsova & V.N. Valerievna, 2018. "Development of National Innovation Systems in Developed Countries," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 2), pages 701-712.
    3. Monika Jasińska, 2020. "Synergy - an enhancement of learning organisations undergoing a change," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(3), pages 1902-1920, March.

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    More about this item

    Keywords

    innovation; gazelles; fast-growing companies; business services; knowledge-intensive services; performances; sustainable growth;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General

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