Social Sciences
3 years ago

Innovation in Czech SMEs Boosts Economic Growth and Job Opportunities

Central European Business Review
Innovation in Small and Medium Enterprises in the Czech Republic
Petra Koudelková

Paper Summary

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Small and medium enterprises (SMEs) in the Czech Republic play a vital role in the country's economy by driving innovation and economic growth, creating jobs, and boosting the economy. A study conducted in 2013 found that innovation positively impacts the growth of Czech SMEs. This suggests that focusing on innovation should be a top priority for government strategies and policies aimed at promoting economic growth and business development in the Czech Republic.