SIKOROVÁ, Eva and Markéta MĚŘVOVÁ. Analysis of the Development of Small and Medium Enterprises with Mathematical and Statistical Methods. In International Days of Science 2017. Moravian Business College Olomouc, o.p.s., 2017, p. 214-224. ISBN 978-80-7455-060-7.
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Basic information
Original name Analysis of the Development of Small and Medium Enterprises with Mathematical and Statistical Methods
Authors SIKOROVÁ, Eva and Markéta MĚŘVOVÁ.
Edition International Days of Science 2017, p. 214-224, 2017.
Publisher Moravian Business College Olomouc, o.p.s.
Other information
Original language English
Type of outcome Proceedings paper
Field of Study 50202 Applied Economics, Econometrics
Country of publisher Czech Republic
Confidentiality degree is not subject to a state or trade secret
Organization unit Moravian Business College Olomouc
ISBN 978-80-7455-060-7
Keywords in English Business environment;small and medium enterprises;industry structure;industry competition;financial indicators
Changed by Changed by: Ing. Michaela Nováková, učo 5293. Changed: 30/4/2021 08:54.
Abstract
Quality and stable business environment is inextricably linked with the development of small and medium enterprises not only in individual regions of the Czech Republic. This is one of the prerequisites for a successful business. This article aims to introduce a model example of detecting the position of the selected business entity within the sectoral competition in the Olomouc region and the prediction of the future development of the business entity in the form of scenarios in response to changes in the business environment. The analysis of the selected position of the company is divided into several steps. They are: selection criteria of comparability of businesses, showing the examined group of enterprises, comparison of selected financial indicators of business entities (Analysis of external business environment), draw the basic statistical characteristics (analysis of the external business environment), followed by detection of the interdependence of financial indicators (such as return on equity and the quick ratio, which represents the analysis of internal business environment). The prediction scenarios of business entity is also divided into several steps. It begins with establishing criteria of economic efficiency, the following factors affecting choice of behaviour of the economic system, create scenarios, quantifying the value of the selected criteria, and finally evaluate the profitability of variants.
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