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Number of results: 8
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Abstract

Metholodogy of Conclusions Evaluation as a Barrier for Getting Finansing of Innovations in SME. The main aim of this article was to identify the barriers arising from the proposals for the definition of innovation adopted for evaluation. The subject of the study was the methodology of evaluation of applications for co-financing under European Union funds, the sub-measure „Industrial research and development by enterprises”. Complicated procedures and the lack of access to reliable information result in the need to use third-party services when preparing applications. In addition, projects that are highly competitive are favored, but are not always the most innovative. Another problem is the approach to the definition of innovation. The so-called the Oslo methodology was last updated in 2005. The methodology adopted is also not adequate to the current situation in the IT service landscape.
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Authors and Affiliations

Aleksandra Wilczyńska
Marek Laszuk
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Abstract

The paper deals with possibilities of innovation projects financing in the Small and Medium Size Enterprises (SMEs) in the Czech Republic. It discusses, in the emphasis on SMEs, possible approaches to innovative company financing in dependence on company life cycle. Well established and functional models of innovative companies financing as FFF, Business angels, Private equity and Venture capital funding and mezzanine financing are discussed. Inasmuch SMEs are considered the key driving force of the Czech economy and the stabilizing feature of the regional development, the government places emphasis on the development of financial instruments which would ensure an ongoing financial support of innovation projects. But managements of SMEs insufficiently use all opportunities to obtain investment resources for the growth, future competitiveness and prosperity of their companies. According to researches performed in EU it was proven that financing constraints hinder innovation among SMEs. Maintaining regional balance through sustainable performance of SMEs is the common aim of municipalities as well. It is necessary for SMEs to form long-term relationships with their municipalities in the region. Programmes which arrange financial support for institutions are provided through private investors, grants, the EU funds and national budget. The paper evaluates pros and cons of various types of financial subsidies with respect to payback periods, risk exposure and availability. The paper includes the outputs of empirical research in SMEs carried out 2014 focused on steering innovation projects in SMEs. The aim of the research was to find out if SMEs can manage, evaluate and develop innovation projects. Moreover the authors examined the effectiveness of relationships established between SMEs and municipalities and problems which the SMEs are confronted by upon the ensurance of project innovation investments. The sources procurement is a very sophisticated topic and it is beneficial for the SMEs to establish a close cooperation not only with municipalities but also with universities.

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Authors and Affiliations

Miroslav Špaček
Emil Vacík
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Abstract

The situation on the construction market is difficult. One way to improve it can be to implement modern methods and techniques related to the lean management in construction. The article presents an algorithm supporting the selection of appropriate Lean Management tools and techniques for construction companies using AHP method. The efficiency of the proposed algorithm is illustrated by a case study consisting of a small construction company performing insulation works in a multifamily house. The presented approach is part of the broader research work carried out by the authors in the field of improving construction processes and verifying the efficiency and effectiveness of Lean Management methods and techniques construction works.
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Authors and Affiliations

Piotr Nowotarski
1
Jerzy Pasławski
1
Patrick Dallasega
2

  1. Poznań University of Technology, Faculty of Civil Engineering and Transport, Piotrowo 5, 61-139 Poznań, Poland
  2. Free University of Bolzano, Faculty of Science and Technology, piazza Università, 539100 Bozen-Bolzano, Italy
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Abstract

In digital revolution, the appropriate IT infrastructure, technological knowledge are essential for the success of companies, where the success of the digital transformation depends on digital maturity. The aim of the study is to define the digital maturity, theoretical foundation of the digital maturity model and present a framework for small and medium-sized enterprises (SMEs) understanding where they are in digitalisation (how advanced their digital resource system and digital approach) to respond faster and efficiently to environmental changes. The model construction is based on theory of dynamic capabilities, graduation models, and SMEs management challenges. The model is a dynamic model to support management in strategic, digital and organizational developments, which is divided into IT and organizational dimensions, including 6 components and 28 subcomponents. The ultimate goal of the study is to determine the component weights to create a neurofuzzy model.
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Authors and Affiliations

Ágnes Sándor
Ákos Gubán
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Abstract

Maintenance involves a large amount of data management. Although many tools, strategies, and systems, have been developed to organize the maintenance information resources, SMEs have not found the same benefits as large companies due to their inherent characteristics and, above all, the maturity level of the maintenance department. Maturity models are useful tools for assessing the maturity of maintenance information practices; however, existing models are not suitable for any type of business context, as they required companies to have a clear organizational structure and definite informative infrastructure. Moreover, they do not assist in identifying and defining actions to reach the highest level. This paper proposes a model for assessing and improving maintenance management information practices. It allows a clear measure of the maturity of the maintenance information management practices in industrial contexts and provides improvement actions identifying the information and data needed to enhance maintenance management information practices.
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Authors and Affiliations

Alessia Maria Rosaria Tortora
ORCID: ORCID
Valentina DI PASQUALE
Raffaele IANNONE
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Abstract

The rapid development of digital technologies have created unprecedented opportunities for the industrial world. Enterprises, especially small and medium sized companies, struggle to successfully implement these technologies, and there is scant literature to support this endeavor. The authors hypothesize that ERP (Enterprise Resource Management) implementation, being a mature field, can guide digital technology implementation, taking into considerations the similarities. A systematic literature review was conducted to determine the critical success factors (CSF) of ERP implementation in SMEs that were used to derive guidelines for digital technology implementation case study. The results of the case study is another list of CSF that more correctly mirror the digital technology implementation needs. They are: “digitalization strategic plan”; “project sponsor/leader”; “commitment to the workplace”; “involvement of top management”; “reasonable project scope”; “compatibility with existing processes/systems”; “progressing with small steps”; “use of correct competencies”; and “involving the users”.
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Authors and Affiliations

Dan Palade
1
ORCID: ORCID
Charles Møller
1
ORCID: ORCID

  1. Materials and Production, Aalborg University, Denmark
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Abstract

Technological progress is the driving force behind industrial development. It is a multidimensional and multi-level phenomenon. In this article we focus on its three manifestations: information and communication technologies (ICT), Industry 4.0 and agile manufacturing. The aim of this article is to analyse the relationship between these constructs as they are undoubtedly interrelated. ICT plays a key role, but it is not a goal itself. They are a prerequisite for the implementation of Industry 4.0, but together with it they serve to achieve agility by the manufacturing system and, as a result, achieve a competitive advantage by companies operating in turbulent and unpredictable environment. The literature findings in this paper are part of a broader study conducted on the impact of ICT on agility of SMEs operating in India. Therefore, we include also subsections showing the level of this relationship in Indian SMEs.
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Authors and Affiliations

Ibrahim Khan Mohammed
Stefan Trzcielinski
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Abstract

Many stages of growth models have been introduced to clarify management priorities during the early stages of business growth. However, many of these models are conceptual and universal, providing only limited benefits to specific industries and business contexts. The early stages of technology-based ventures have attracted broad interest, while less attention has been paid to the early stages of service-based firms. However, in recent years, interest in service-based businesses, as well as servitisation, has grown. This literature-based study explores and compares the early stages of growth in service-based and technology-based firms. On one hand, this study condenses the basic characteristics of recent empirical studies on the early stages of technology- and service-based firms. On the other, this study clarifies the central themes, sequential patterns and central differences in the early stages of service- and technology-based firms. This study pinpoints the importance of contextual understanding related to the early stages of business growth and encourages the scholars towards bridging the contextual gaps of this stream of literature.
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Authors and Affiliations

Matti Muhos
1
Martti Saarela
1
Anna-Mari Simunaniemi
1
Del Foit Jr.
2
Lada Rasochova
2

  1. University of Oulu, Kerttu Saalasti Institute, Finland
  2. University of California San Diego, United States

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