Selected factors of corporate management in SMEs sector

Abstract

The study aims to define and present important factors affecting the quality of company management in the SMEs sector. Within the realized research, the authors focused on small and medium-sized enterprises (SMEs) in the Czech Republic and Slovak Republic. In the CR, the data from 454 companies were obtained, and from 368 companies in Slovakia. For data processing, chi-squared test and Z-score were used. The research results provided interesting findings. It has been found that entrepreneurs spend a lot of time doing their business activities, since about 70% of entrepreneurs in both countries confirmed that they spend more than 8 hours a day doing their business activities. On the other hand, the authors´ assumptions were not confirmed, as higher intensity in entrepreneurship had been expected. An interesting finding was that larger and older companies more intensively agreed with the statement ST1 – they work intensively in their business (management). About three quarters of the entrepreneurs interviewed stated that they apply the participative management style. Based on the results, it can be stated that larger companies, older companies, and university-educated entrepreneurs largely apply this management style. The research has shown that entrepreneurs greatly appreciate people in their enterprises, which is more clearly evident in older companies than in younger companies. A large proportion of entrepreneurs pay considerable attention to regular employee evaluation and try to motivate them to apply innovative workflows. © 2020, Czestochowa University of Technology. All rights reserved.