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Competitiveness Factors of Slovak Companies

Author

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  • Tibor Lalinsky

    () (Research Department, National Bank of Slovakia)

Abstract

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.

Suggested Citation

  • Tibor Lalinsky, 2008. "Competitiveness Factors of Slovak Companies," Working and Discussion Papers WP 3/2008, Research Department, National Bank of Slovakia.
  • Handle: RePEc:svk:wpaper:1014
    as

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    File URL: http://www.nbs.sk/_img/Documents/PUBLIK/WP_03_2008_Lalinsky_Competitiveness_Factors_Slovak_Companies.pdf
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    References listed on IDEAS

    as
    1. Oral, Muhittin & Cinar, Unver & Chabchoub, Habib, 1999. "Linking industrial competitiveness and productivity at the firm level," European Journal of Operational Research, Elsevier, vol. 118(2), pages 271-277, October.
    2. Acs, Zoltan J & Audretsch, David B, 1988. "Innovation in Large and Small Firms: An Empirical Analysis," American Economic Review, American Economic Association, vol. 78(4), pages 678-690, September.
    3. Piergiuseppe Morone & Giuseppina Testa, 2005. "What Makes Small and Medium Enterprises Competitive," Quaderni DSEMS 18-2005, Dipartimento di Scienze Economiche, Matematiche e Statistiche, Universita' di Foggia.
    4. Erik Brynjolfsson & Lorin Hitt, 1996. "Paradox Lost? Firm-Level Evidence on the Returns to Information Systems Spending," Management Science, INFORMS, vol. 42(4), pages 541-558, April.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Tibor Lalinsky, 2013. "Firm competitiveness determinants: results of a panel data analysis," Working and Discussion Papers WP 4/2013, Research Department, National Bank of Slovakia.

    More about this item

    Keywords

    company competitiveness; SWOT analysis; questionnaire survey;

    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, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development

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