| | | | PROBLEMS OF MODERN ECONOMICS, N 3 (63), 2017 | | | | PROBLEMS OF THEORY AND PRACTICE OF ENTREPRENEURSHIP | | | Dražanová M.
Director, Institute of Economic Research and Analytics, STING Academy (Brno, Czech Republic) PhD (Economics)
Sadovský Z.
Rector, STING Academy (Brno, Czech Republic) PhD (Economics)
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| | | This article results from a stage-wise implementation of the International interdisciplinary academic project “Factors to develop competitiveness and efficacy in managing small- and medium-sized enterprises in local and global environment,” ¹ MGA 04–01, conducted by the Institute for Economic Research and Analytics, STING Academy. The article emphasized strategic priorities of the European Union in the sphere of research, development and innovations; on the priority tasks in implementation of “Industry 4.0” project in the Czech Republic, aligned with the fourth industrial revolution; and on the Concept of support to small- and medium-sized enterprises as the basis of the transformation process mentioned above. The authors discuss mechanism characteristic to functioning of small- and medium-sized enterprises and their management within the frames of innovation cycles, including innovations that were developed in other industries. The article stresses the need to introduce non-ordinary methods and tools to increase managerial efficacy, and offers an integrated system of controlling that allows to increase the consistency of decisions taken | | Key words: Czech Republic, Concept 'Industry 4.0', strategic priorities, small- and medium-sized enterprises, innovation cycle, innovation environment, innovative enterprises, small- and medium-sized business | | Pages: 85 - 89 |
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