FACTORS SUPPORTING GROWTH OF ADDED VALUE, PERFORMANCE AND COMPETITIVNESS OF SMES AND SELECTED EU COUNTRIES
FACTORS SUPPORTING GROWTH OF ADDED VALUE, PERFORMANCE AND COMPETITIVNESS OF SMES AND SELECTED EU COUNTRIES

Author(s): Marek Vochozka, Mariana Psárska
Subject(s): Social Sciences, Economy
Published by: Vysoká škola ekonomická v Praze
Keywords: added value; key factors; small and medium enterprises; growth.
Summary/Abstract: Added value, as a default quantitative and qualitative indicator of performance, is one of themost monitored variables in all SMEs. It describes not only the growth of the value of goodsand services in all phases of production from the microeconomic point of view but also thegrowth of value in all phases of production from the macroeconomic point of view (where it isexpressed in the form of GDP).The objective of this paper is to find key factors which support growth of added value and itspossible changes in selected countries in the context of potential positive development of theadded value. The pattern consists of data about SMEs interested in production in the fields withthe highest added value in the country. The methodology includes an economic analysis of thegiven data. The data make it possible to obtain detailed information about creation of addedvalue. The results are important because they can be potentially applied in practice, i.e. in theCzech Republic, Slovak Republic and in other EU countries.Added value, as a default quantitative and qualitative indicator of performance, is one of the most monitored variables in all SMEs. It describes not only the growth of the value of goods and services in all phases of production from the microeconomic point of view but also the growth of value in all phases of production from the macroeconomic point of view (where it is expressed in the form of GDP).The objective of this paper is to find key factors which support growth of added value and its possible changes in selected countries in the context of potential positive development of the added value. The pattern consists of data about SMEs interested in production in the fields with the highest added value in the country. The methodology includes an economic analysis of the given data. The data make it possible to obtain detailed information about creation of added value. The results are important because they can be potentially applied in practice, i.e. in the Czech Republic, Slovak Republic and in other EU countries.

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