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Business of Small and Medium Enterprises and their Specifics
KŘÍŽOVÁ, Denisa
The main topic of this bachelor thesis are small and medium enterprises mainly the analysis of their financial aspects. The thesis is focused primarily on describing what a business is, classification of businesses according to their size, but the most important part are the specifics of the above mentioned small and medium businesses. The possibilities of subsidisation for financing purposes are another discussed subject with regard to the reasons for obtaining subsidies and information about their availability. Characteristics and development of a specific business are analysed to get better grip on the theoretical knowledge. The financial structure of the business is analysed as well. Based on received knowledge the possible suggestions and recommendations on how to effectively run and finance the small/medium business are given.
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Public support for research and development provided an indirect way in terms of SMEs with a focus on information assurance
Filipová, Vladimíra ; Drozen, František (advisor) ; Valder, Antonín (referee) ; Nedělník, Jan (referee)
Innovation is a critical factor of the economical development as it is the key source of a competitive advantage and brings an addend value of a concerete company (Zhang, 2O13); Technological innovation could be defined as an endogenous factor responding to economic challenges (McKenzie, 2OO8). Research and development provides innovations, whereas the production of research and development brings externalities. Externalities reduce the private return on investment as such, therefore research and development is an object of public support. Public support can be provided ether by direct or indirect form that includes primarily tax incentives. Small and medium-size enterprises play a key role in the innovation process, however they dispose limited resources for investments to research and development and also for administrative activities connected to tax incentive applications. Thus small and medium-size enterprises are more sensitive to associated administrative tasks. The objective of the thesis was set as follows: to contribute to the existing knowledge in the application of tax incentives and desing an appropriate tool for managerial support of tax incentives reporting in small and medium-size enterprises. This objective has been divided into the following sub-objectives: (1) identify issues related to the application of tax incentives for research and development in terms of small and medium-size enterprises and to compare them with reference research, carried out by Chittenden & Derregia (2O1O); (2) design a system to improve reporting of tax incentives in small and medium-size enterprises. A reference framework was provided to address the objective, the key findings are as follows: precise recognition of research and development activities and associated costs are crucial for an effective implementation of tax incentives (Billings et al., 2OO1); cost allocation in research and development activities is rather a complicated issue (Švejda et al., 2OO7, Godfrey & Hamilton, 2OO5), therefore a comprehensive reporting system shall be provided (Chittenden & Derregia, 2O1O) and these reporting systems should include accounting elements Bhiman (2OO6) and enable project division into phases (Jorgensen 2O1O). In accordance with the recommendation of Chittenden & Derregia (2O1O), Bourgeois and Eisenhardt (1988), Koners and Goffin (2OO7), Workman (1993) Singleton and Straits (2OO5), Morandi (2O11), Yin (2OO3) qualitative research based on structured questionnaires was chosen for exploring the first objective and case study for the second objective. The key findings of qualitative research based on structured questionnaires are: only top management and accountants were involved in the administration of tax incetives. Middle management and researchers were omitted, wherease in reporting of grant projects (realized with the direct support), they were fully involved. The case study research approved that a formalized system of management and reporting of research and development activities supports identification of a research project. Representative of a case company confirm that the formalized system of management and reporting supports decision making process and innovation performance, that corresponds to Bossink (2OO2). The main limitation of the research is the chosen method. The questionnaire survey was conducted in a selected sample of small and medium-size enterprises case study was carried out in a concrere company. The conclusions therefore can not be generalized. Further research can provide a more extensive survey that can be statistically generalize. Other possibity is the evaluation of a social impact as Galal & Wiener (2OO3) also suggest or description of differences in reporting research and development project realized without public support as Lokshin & Mohnen (2O12) recommend.
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Financing of small and medium-sized enterprises
Skyba, Jaroslav ; Hartman, Ladislav (advisor) ; Chovanec, Roman (referee)
The goal of the diploma thesis "Financing of small and medium-sized enterprises" is to systematically analyze and review the financing options for SMEs in the Czech Republic. In the introductory part there is a definition of small and medium enterprises with its social contribution and meaning, I describe the needs and potential barriers for further development. The thesis proceeds with specification of various financial resources, there are mentioned own, external and alternative financial resources as well as trade finance possibilities. The last chapter of the theoretical part focuses on the support devoted to SME. In the practical part there is a business and financial analysis of the selected company on the market with artificial sweeteners.
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Analysis of the Operational Programme Enterprise and Innovations in the years 2007 - 2013 under the Development program of mini breweries in Czech Republic
Kantor, Lukáš ; Vostrovská, Zdenka (advisor) ; Dyba, Karel (referee)
The aim of the study is to determine whether the Operational Programme Enterprise and Innovation take place in the years 2007 - 2013 in the Czech Republic with the exception of Prague and has a positive impact on the increasing number of mini breweries in the Czech Republic. Analysis the Development programe which subsidy in technology help to incease the competitivenes of Small and Medium Enterprises, showing its progress and possible advantages or disadvantages. Using the questionnaire is then examines the suitability of the program in mini breweries. The testing of hypotheses, namely that the Development program has a positive impact on the expansion of mini breweries, can be universally confirm. This work also shows that more mini breweries using this program to start its work but that probably does not diminish the purpose of the program.
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The problems of financing start-up companies in the Czech Republic
Oravcová, Zuzana ; Teplý, Petr (advisor) ; Janda, Karel (referee)
The bachelor thesis Problems of Start-up Funding in the Czech Republic analyses possibilities which are provided in the area of the Czech Republic and hints the manual of funding sources regarding the stage of a company or an individual. The next chapter is focused on the hypothesis of the surplus of liquidity in a financial sector and the increasing trend of investments into the start-ups accompanied with a higher risk rate. Last but not least, the thesis depicts the cooperation of banking institutions with the European Union or specialists in a branch such as venture capital companies and startup incubators.
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Business Plan
Gotschyová, Julie ; Tripes, Stanislav (advisor) ; Dvořák, Jiří (referee)
The main objective of this thesis is to determine the essential aspects of business formation, on the basis of which the real feasibility of the business plan is then evalu-ated. The backgroud research concentrates on the structure of the business plan's requi-rements. It deals in detail with the analysis necessary to determine the correct business strategy of the company. It contains the external environment analysis as well as the internal financial analysis. The subsequent section shows how the obtained information is applied to the particular business plan. The data needed to perform the analysis was obtained from statistical outputs, laws and regulations of the Czech Republic, from in-terviews with local residents, and also from my own personal calulations. The results were used for designing the company strategy and for the business plan feasibili-ty evaluation.
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Business plan
Bláhová, Karolína ; Svobodová, Ivana (advisor) ; Mareš, Jan (referee)
This thesis focuses on developing a business plan for the production of baby food. The thesis consists of three parts. The main purpose of the theoretical part is to introduce the reader the environment of small and medium enterprise subsequently to describe the proper writing of a business plan. There are also recommendations for suitable structures procedures. Methodical part deals with the proper execution of marketing research, considerable attention particularly a method of interrogation. The practical part is the business plan itself. The aim of this thesis is to evaluate the feasibility of the project and its ability to prosper at today's market.
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Application of the Balanced Scorecard in the company ELLA-CS
Cwierz, Jan ; Neumaierová, Inka (advisor) ; Beneš, Oldřich (referee)
Balanced Scorecard belongs to the most prominent managerial tools for performance measurement and strategy management. Aim of this thesis is to describe BSC with emphasis to small and medium enterprises using literature review. Additional supporting tools for strategy formulation are included as well. BSC is then proposed for implementation in privately owned small enterprise in the sector of medical devices. Based on the thorough analysis of the company and its environmental factors operational and strategical performance gaps are identified. Such gaps are then addressed by means of BSC including financial, customer, internal processes and learning and growth perspective. Despite some limitations inherent to SMEs in general introduction of BSC is feasible and could be of value to all company stakeholders.
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The Support and Development of Small and Medium Enterprises in the Czech Republic
Rypák, Marcel ; Zinecker, Marek (referee) ; Sághy Estélyi, Kristína (advisor)
Diplomová práca sa zaoberá analýzou iniciatív podpory a rozvoja malých a stredných podnikov (MSP) v EU a Českej Republike, s konkrétnym návrhmi odporúčaní rozvoja podnikania v Juhomoravskom kraji. Tento koncept vyplýva zo skutočnosti, že malé a stredné podniky predstavujú najväčší podnikový segment na Európskom trhu a v národných ekonomikách členských štátov. Prvá kapitola opisuje teoretický základ MSP a ich význam na európskom a českom trhu. Druhá kapitola analyzuje európske, české a regionálne možnosti podpory a rozvoja MSP. Tretia, záverečná kapitola hodnotí jednotlivé možnosti podľa ich možnosti využitia pre MSP v Juhomoravskom kraji a ponúka autorove návrhy pre ďalšie možnosti podpory a rozvoja MSP do budúcnosti.
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Innovation Factors Influencing the Growth of Small and Medium-Sized Emterprises
Koudelková, Petra ; Srpová, Jitka (referee) ; Svoboda, Emil (referee) ; Šúbertová, Elena (referee) ; Koráb, Vojtěch (advisor)
Disertation work deals with innovative factors influencing the growth of small and medium enterprises. In this work are two main objectives related to the topic of work. The first one is definition of innovation activity on the growth of small and medium-sized enterprises in the South Moravian Region and the second one is analyzing the determinants of determining the internal environment of a company seeking to generate innovation podiku. Objectives and hypotheses were established on the basis of the literature search, with emphasis not only on business growth, but also on innovation. Primary research combines the use of qualitative and quantitative methods. The results obtained from statistical analyzes of primary research are presented in partial and general conclusion. This work consists methodological steps for small and medium-sized enterprises with an interest in growing their businesses. For a comprehensive view the work offers the disertatiton work the possibility of further expansion of research and outline the benefits of the individual spheres of professional life
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