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| Description
| - Small and medium-sized enterprises (SMEs) count among main actors not only in the Czech economy. They are an important source of GDP growth and, moreover, they play a major role in job creation. One of the strategies for SME's growth and competitiveness enhancement in today's globalizng world is to get involved in the internationalization process. Despite being able to respond faster to changing business environment unlike large enterprises, SMEs face specific barriers in the internationalization which impede or even prevent them from taking part in this process. The aim of this paper is to find out which factors are perceived as the most important barriers to the internationalization of SMEs in the Czech Republic, which means barriers that 'worry' SMEs. Based on these findings, the paper further examines whether these factors affect the SMEs success in the internationalization process. Several partial surveys among SMEs from different sectors of Czech economy were conducted. For this paper are used data from IT, agriculture, food and wood processing industry. The biggest barriers to internationalization as perceived by Czech SMEs are the lack of language skills of employees, the lack of experience with foreign markets, the high costs of promotion in foreign markets, the lack of public support or subsidies and the lack of information about foreign markets. This article also examines whether there is a correlation between success in the internationalization and the particular factors associated with these barriers. The results show that the success depends on whether the enterprise has previous experience with foreign trade or whether it searches for information about foreign market before the foreign market entry. Surprisingly, there is no positive correlation between the level of key employees' language skills and the success of SME's internationalization, or between the use of public support and the success in foreign markets.
- Small and medium-sized enterprises (SMEs) count among main actors not only in the Czech economy. They are an important source of GDP growth and, moreover, they play a major role in job creation. One of the strategies for SME's growth and competitiveness enhancement in today's globalizng world is to get involved in the internationalization process. Despite being able to respond faster to changing business environment unlike large enterprises, SMEs face specific barriers in the internationalization which impede or even prevent them from taking part in this process. The aim of this paper is to find out which factors are perceived as the most important barriers to the internationalization of SMEs in the Czech Republic, which means barriers that 'worry' SMEs. Based on these findings, the paper further examines whether these factors affect the SMEs success in the internationalization process. Several partial surveys among SMEs from different sectors of Czech economy were conducted. For this paper are used data from IT, agriculture, food and wood processing industry. The biggest barriers to internationalization as perceived by Czech SMEs are the lack of language skills of employees, the lack of experience with foreign markets, the high costs of promotion in foreign markets, the lack of public support or subsidies and the lack of information about foreign markets. This article also examines whether there is a correlation between success in the internationalization and the particular factors associated with these barriers. The results show that the success depends on whether the enterprise has previous experience with foreign trade or whether it searches for information about foreign market before the foreign market entry. Surprisingly, there is no positive correlation between the level of key employees' language skills and the success of SME's internationalization, or between the use of public support and the success in foreign markets. (en)
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| Title
| - Barriers of SMEs internationalization and strategy for success in foreign markets
- Barriers of SMEs internationalization and strategy for success in foreign markets (en)
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| skos:prefLabel
| - Barriers of SMEs internationalization and strategy for success in foreign markets
- Barriers of SMEs internationalization and strategy for success in foreign markets (en)
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| skos:notation
| - RIV/62156489:43110/14:00219405!RIV15-MSM-43110___
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| http://linked.open...avai/riv/aktivita
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| http://linked.open...avai/riv/aktivity
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| http://linked.open...iv/cisloPeriodika
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| http://linked.open...vai/riv/dodaniDat
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| http://linked.open...aciTvurceVysledku
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| http://linked.open.../riv/druhVysledku
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| http://linked.open...iv/duvernostUdaju
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| http://linked.open...titaPredkladatele
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| http://linked.open...dnocenehoVysledku
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| http://linked.open...ai/riv/idVysledku
| - RIV/62156489:43110/14:00219405
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| http://linked.open...riv/jazykVysledku
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| http://linked.open.../riv/klicovaSlova
| - success; SMEs; barriers; internationalization process (en)
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| http://linked.open.../riv/klicoveSlovo
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| http://linked.open...odStatuVydavatele
| - GB - Spojené království Velké Británie a Severního Irska
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| http://linked.open...ontrolniKodProRIV
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| http://linked.open...i/riv/nazevZdroje
| - International Journal of Management Cases
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| http://linked.open...in/vavai/riv/obor
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| http://linked.open...ichTvurcuVysledku
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| http://linked.open...cetTvurcuVysledku
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| http://linked.open...UplatneniVysledku
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| http://linked.open...v/svazekPeriodika
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| http://linked.open...iv/tvurceVysledku
| - Kubíčková, Lea
- Toulová, Martina
- Votoupalová, Marcela
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| issn
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| number of pages
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| http://localhost/t...ganizacniJednotka
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