Central European Business Review 2014, 3(3):31-37 | DOI: 10.18267/j.cebr.91

Innovation in Small and Medium Enterprises in the Czech Republic

Petra Koudelková
Ing. Petra Koudelková, Ph.D., Department of Marketing Communication and PR, Faculty of Social Sciences, Smetanovo nábřeží 6, 110 01, Prague, Czech Republic, koudelkova@fsv.cuni.cz

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.

Keywords: economic growth; development; innovation; SMEs; Czech Republic
JEL classification: C23, D22, P20

Received: March 12, 2014; Revised: August 27, 2014; Published: September 30, 2014  Show citation

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Koudelková, P. (2014). Innovation in Small and Medium Enterprises in the Czech Republic. Central European Business Review, 3(3), 31-37. doi: 10.18267/j.cebr.91
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