K efektivnosti podniku ve znalostní ekonomice
On the Efficiency of Firms in a Knowledge Economy

Summary/Abstract: The article is dedicated to the analysis of the key factors that determine econo-mic efficiency for manufacturing firms. This problem is solved, especially for busi-nesses running under the conditions of a “knowledge economy”. After a descrip-tion of the specific features of a new economy, the authors have specified two main hypotheses: The first key factor which can cause general increase the level of economic efficiency is the management system and incentive scheme based on eco-nomic value added concept. The second factor should be a massive implementation and utilization of advanced manufacturing technologies. Both hypotheses have been verified in comparison to relevant opinions found in professional literature and to the results of a survey realized in 132 Czech manufacturing firms. The first hypothesis appears to be completely testified. The second hypothesis, related to advanced manufacturing technologies, has been confirmed only partly.

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