Innovation of Small and Medium-Sized Enterprises from the Perspective of Globalization

¹ University of Zilina, Faculty of Operation and Economics of Transport and Communications, Department of Economics, Univerzitna 1, 010 26 Zilina, Slovakia
² University of Zilina, Faculty of Operation and Economics of Transport and Communications, Department of Quantitative Methods and Economic Informatics, Univerzitna 1, 010 26 Zilina, Slovakia
³ Slovak University of Agriculture in Nitra, Faculty of Economics and Management, Department of Management, Tr. A Hlinku 2, 949 76 Nitra, Slovakia

^* Corresponding author: roman.juris@fpedas.uniza.sk

Abstract

Research background: The presented paper deals with the support of innovative activities of small and medium enterprises in the Slovak Republic. The topicality of the issue is based on the knowledge that small and medium-sized enterprises can respond quickly and effectively to customer requirements and thus to changes resulting from changes in the market. In the era of globalization, the knowledge economy based on three key factors prevails in developed countries - science and research, the quality of human capital and innovative entrepreneurship, which focuses on creating the conditions for the practical use of knowledge, for projecting it into innovation. The aim of the paper is based on theoretical knowledge, analysis of support for innovative activities of small and medium enterprises by the state in the conditions of the Slovak Republic, their readiness to invest in research and development to propose a streamlining support scheme for small and medium enterprises.

Purpose of the article: The determinant of the future sustainable prosperity of the Slovak Republic, as a small open economy, must be the ability of the economy to respond flexibly to global changes and demand.

Methods: The article we used the method of synthesis, the method of abstraction, the method of generalization, the method of description, explanation.

Findings & Value added: The output of the dissertation is an evaluation of the overall state of current support for innovative activities in small and medium-sized enterprises and a proposal for a possible streamlining of this support from the aspect of entrepreneurs themselves.