A Golden Opportunity: Exporting Easy Flame
E-Leader, Prague 2007
IMPORTANCE OF MANAGERIAL SKILLS AND KNOWLEDGE IN MANAGEMENT FOR SMALL ENTREPRENEURS
Zuzana Papulová Matej Mokroš Comenius University Faculty of Management Department of Strategy and Entrepreneurship Bratislava, Slovakia
Abstract Small enterprises are generally considered to be more operative, can respond quicker and are more flexible than big companies, which form their strategies for years ahead. Limited focus on operations can have its advantages, but can also prevent enterprise to exploit new unseen opportunities. Development of market economy in Central and Eastern Europe has been suspended for decades, while for the rest of the world the problems of small and medium enterprises are in the centre of discussion for almost half of century. Problems with existence and development of small enterprise could be solved with closer attention to vital managerial skills and management knowledge for the small entrepreneurs. Support and provision of further education in these areas could help small entrepreneurs overcome initial development difficulties. “Entrepreneurs who have tried and failed are part of the risk taking economy, but it is not necessary to accept the current failure rate as normal” John Baldwin Introduction Various experts describe today’s global economy as one in transformation to knowledge economy. Information systems and information technology have become at the beginning of the 21st century the most important factors for economy functioning in developed countries. However, it is not only the information systems and information technology, but actually working with information itself, which convey the change of thinking and creation of value in modern approaches to business and management. These changes are reflected in current economy. The utilization of resources is being shifted from current capital strategic resources to strategic resources in the form of information, knowledge, creative thinking and innovation. Skills
IMPORTANCE OF MANAGERIAL SKILLS AND KNOWLEDGE IN MANAGEMENT FOR SMALL ENTREPRENEURS
Zuzana Papulová Matej Mokroš Comenius University Faculty of Management Department of Strategy and Entrepreneurship Bratislava, Slovakia
Abstract Small enterprises are generally considered to be more operative, can respond quicker and are more flexible than big companies, which form their strategies for years ahead. Limited focus on operations can have its advantages, but can also prevent enterprise to exploit new unseen opportunities. Development of market economy in Central and Eastern Europe has been suspended for decades, while for the rest of the world the problems of small and medium enterprises are in the centre of discussion for almost half of century. Problems with existence and development of small enterprise could be solved with closer attention to vital managerial skills and management knowledge for the small entrepreneurs. Support and provision of further education in these areas could help small entrepreneurs overcome initial development difficulties. “Entrepreneurs who have tried and failed are part of the risk taking economy, but it is not necessary to accept the current failure rate as normal” John Baldwin Introduction Various experts describe today’s global economy as one in transformation to knowledge economy. Information systems and information technology have become at the beginning of the 21st century the most important factors for economy functioning in developed countries. However, it is not only the information systems and information technology, but actually working with information itself, which convey the change of thinking and creation of value in modern approaches to business and management. These changes are reflected in current economy. The utilization of resources is being shifted from current capital strategic resources to strategic resources in the form of information, knowledge, creative thinking and innovation. Skills
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