WSEAS Transactions on Business and Economics
Print ISSN: 1109-9526, E-ISSN: 2224-2899
Volume 15, 2018
The Role of Internal Resources within Industrial and Manufacturing Enterprises in the Czech Republic
Authors: ,
Abstract: This contribution presents the results of the analysis of internal resources from the perspective of their influence on the profitability of industrial and manufacturing enterprises of the Czech Republic. The testing set included 186 industrial and manufacturing enterprises. For the mathematical and statistical processing the dimensional reduction and regression analysis (logit model and its transformation) was used, which enabled the indication and determination of the importance of the chosen internal resources. The greatest importance was proved in financial resources, lower in enterprise strategy and employees´ level. Negative influence was noticed in internal regulations and standards and wage level. A transformed optimal model of internal resources was used to correct the results emerging from possible non-objectivity in managers´ evaluation. The results suggest that top managers in tested manufacturing and industrial enterprises overestimate especially internal regulations and standards, wage level, management level, manufacturing technology and security, while, on the contrary, they underestimate financial resources.
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Keywords: internal resources, internal business environment, competition advantage, industrial and manufacturing enterprises, top managers, knowledge
Pages: 423-429
WSEAS Transactions on Business and Economics, ISSN / E-ISSN: 1109-9526 / 2224-2899, Volume 15, 2018, Art. #41