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Identification of the main components of the competitive potential of enterprises operating in crisis conditions

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Języki publikacji
EN
Abstrakty
EN
Purpose: The paper aims to identify major components of the competitive potential of enterprises operating at the initial stage of the economic crisis caused by the COVID-19 pandemic. The research hypothesis H1 is advanced: the scope of business objects affects the selection of enterprise competitive potential components. The concept and nature of competitiveness are discussed and the subject matter of enterprise competitive potential is detailed. Design/methodology/approach: The theoretical section follows a thorough review of leading specialist literature. The empirical part, on the other hand, uses the exploratory factor analysis, which detects an optimum group of main factors and explains correlations among observable variables, serves to verify the hypothesis. The number of factors is determined by means of the Cattell scree and Kaiser criteria. Findings: The paper contains the results of research into 253 large enterprises in the Polish economy. Exploratory factor analysis is employed to define the statistically significant components of competitive potential of enterprises active in the initial phase of the economic crisis and the effect of business objectives is explored on the selection of the components of enterprise competitive potential. It is shown that, regardless of business objects, three factors, namely, innovative machinery and equipment, the financial condition of an enterprise, and human capital, are the key components of enterprise competitive potential. Practical implications: The results can be utilised by entrepreneurs as a guide to the selection of the components of enterprise competitive potential at the times of crises. Originality/value: The paper presents the results of original research into a representative group of large enterprises which can be generalised to the entire population assuming a confidence level of α = 95% and maximum error of β = 6%.
Rocznik
Tom
Strony
713--726
Opis fizyczny
Bibliogr. 32 poz.
Twórcy
  • Kazimierz Pulaski University of Technology and Humanities, Faculty of Economic and Finance, Radom
Bibliografia
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  • 3. Barney, J.B. (1991). Firm resources and sustained competitive advantage. Journal of Management, Vol. 17, No. 1, pp. 99-120.
  • 4. Barney, J.B. (1997). Gaining and Sustaining Competitive Advantage. New York: Addison-Wesley Publishing Company, Inc.
  • 5. Bednarz, J. (2013). Konkurencyjność polskich przedsiębiorstw na rynkach europejskich na przykładzie wybranych branż. Gdańsk: Wydawnictwo Uniwersytetu Gdańskiego.
  • 6. Boyd, N.G., Hanlon, S.C., Lado, A.A. (1997). Competition, cooperation, and the search for economic rents: A syncretic model. Academy of Management Review, Vol. 22, No. 1, pp. 110-141. doi: 10.5465/amr.1997.9707180261.
  • 7. Brodowska-Szewczuk, J. (2009). Konkurencyjność przedsiębiorstw i źródła przewagi konkurencyjnej, Zeszyty Naukowe Uniwersytetu Przyrodniczo-Humaniastycznego w Siedlcach. Seria Administracja i Zarządzanie, Vol. 80, No. 7, pp. 87-100.
  • 8. Cattell, R. (1966). The Scree Test for the Number of Factors. Multivariate Behavioral Research, Vol. 1, Iss. 2, pp. 245-276. doi: 10.1207/s15327906mbr0102_10.
  • 9. Cherkesova, E.Y., Breusova, E.A., Savchishkina, E.P., Demidova, N.E. (2016). Competitiveness of the human capital as strategic resource of innovational economy functioning. Journal of Advanced Research in Law and Economics, Vol. 7, Iss. 21, pp. 1662-1667.
  • 10. Cong, L.C., Thu, D.T. (2020). The competitiveness of small and medium enterprises in the tourism sector: the role of leadership competencies. Journal of Economics and Development, Vol. 23, No. 3, pp. 299-316. Doi: 10.1108/jed-06-2020-0080.
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  • 15. Kay, J. (1996). Podstawy sukcesu firmy. Warszawa: PWE.
  • 16. Klimczuk, M. (2004). Potencjał konkurencyjności przedsiębiorstwa działającego w klastrach przemysłowych. Zeszyty Naukowe PTE, Kraków, No. 2, pp.205-218.
  • 17. Le, N.P., Duy, L.V. (2021). Effect of provincial competitiveness index on enterprise attraction in the Central Highlands, Vietnam. PLoS ONE, Vol. 16, Iss. 9, e0256525. doi:10.1371/journal. pone.0256525.
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  • 21. Maráková, V.,Wolak-Tuzimek, A.,Tučková, Z. (2021). Corporate Social Responsibility as a source of competitive advantage in large enterprises. Journal of Competitiveness, Vol. 13, Iss. 1, pp. 113-128. doi: 10.7441/joc.2021.01.07.
  • 22. Mat, B., Cevger, Y. (2022). Determination of factors affecting competitiveness through technical and economic analyses of dairy cattle enterprises in Balıkesir province. Ankara Üniversitesi Veteriner Fakültesi Dergisi, No. 69, pp. 163-170. doi: 10.33988/auvfd.837725.
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  • 27. Srivastava, D.K., Shah, H., Talha, M. (2006). Determinants of competitiveness in Indian public sector companies: an empirical study. Competitiveness Review: An International Business Journal, Vol. 16, Iss. 3/4, pp. 212-222.
  • 28. Stankiewicz, M. (2005). Konkurencyjność przedsiębiorstwa. Budowanie konkurencyjności przedsiębiorstwa w warunkach globalizacji. Toruń: Dom Organizatora.
  • 29. Terzić, L.(2021). Revealing the effects of competitiveness and innovation on economic growth: Evidence from European leading and following countries. Theoretical and Applied Economics, Vol. XXIX, No. 4(629), Winter, pp. 19-30.
  • 30. Trąpczyński, P., Jankowska, B., Dzikowska, M., Gorynia, M. (2016). Identification of Linkages between the Competitive Potential and Competitive Position of SMEs Related to their Internationalization Patterns Shortly after the Economic Crisis. Entrepreneurial Business and Economics Review, Vol. 4, No. 4, pp.-29-50.
  • 31. Wen-Cheng, W., Chien-Hung, L., Ying-Chien, C. (2011). Types of Competitive Advantage and Analysis, International Journal of Business and Management, Vol. 6, Iss.5, pp. 100-104. doi: 10.5539/ijbm.v6n5p100.
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Uwagi
PL
Opracowanie rekordu ze środków MEiN, umowa nr SONP/SP/546092/2022 w ramach programu "Społeczna odpowiedzialność nauki" - moduł: Popularyzacja nauki i promocja sportu (2022-2023).
Typ dokumentu
Bibliografia
Identyfikator YADDA
bwmeta1.element.baztech-79c3ec38-29db-468b-af6a-0a79d1a84937
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