Competitiveness Factors of Slovak Companies
This 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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