GENERATION DISPARITIES ON THE PERCEPTION OF SMEs BUSINESS RISKS

Authors

  • Zora Petráková Faculty of Civil Engineering, Slovak University of Technology, Institute for Forensic Engineering, Bratislava, Slovak Republic https://orcid.org/0000-0002-1398-9415
  • Karolina Okręglicka Faculty of Management, Czestochowa University of Technology, Czestochowa, Poland
  • Radim Maňák University of Entrepreneurship and Law, Department of Entrepreneurship and Management, Ostrava, Czech Republic
  • Vendula Fialová University of Entrepreneurship and Law, Department of Entrepreneurship and Management, Ostrava, Czech Republic https://orcid.org/0000-0002-2368-0243

DOI:

https://doi.org/10.37335/ijek.v9i2.145

Keywords:

Smes, risk sources, disparities, age of entrepreneurs, assessment

Abstract

This article aims to identify common features, disparities, and consequences in the perception of business risks between generation X, Y, and Z entrepreneurs in the segment of small and medium-sized enterprises (SMEs). The empirical part of this research included the dataset of 1585 questionnaires fulfilled by the entrepreneurs from the SME segment from four Central European countries across 2019-2020. The disparities of the perception of business risks were analyzed using Chi-square and Kruskal-Wallis tests. The research results prove the existence of the significant disparities in the perception of the market, financial, personnel, legal, and operational risks sources by the entrepreneurs from X, Y, and Z generations. Generally, essential disparities are in the perception of business risks between generation X and Z. 61.7% of SMEs from generation X believe that the number of possible requests for the specific products/services has a downward trend. In comparison, only 49.0% of SMEs from generation Z and 45.3% of SMEs from generation Y present the same opinion. The presented research results have the following implications: i. top management of SMEs should improve interpersonal relationships in the workplace; ii. fine-tuning of supporting programs by organizations supporting the business environment in the region of the Visegrad Group; iii. preparation of strategic documents dealing with the quality of the business environment or the training of top SME managers in the case of national policymakers.

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Author Biographies

Zora Petráková, Faculty of Civil Engineering, Slovak University of Technology, Institute for Forensic Engineering, Bratislava, Slovak Republic

Assoc. Prof. Ing. Zora Petráková, PhD.

Affiliation: Institute for Forensic Engineering, Faculty of Civil Engineering, Slovak University of Technology, Radlinského 11, 810 05 Bratislava, Slovak Republic, Affiliation web page: www.svf.stuba.sk

Email: zora.petrakova@stuba.sk.

She is head of the Institute for Forensic Engineering. She provides lectures in Forensic and economic engineering for full-time students. He published 4 scientific articles on database Scopus (h-index = 2) and 3 scientific articles on database Web of Science (h-index = 2).

Karolina Okręglicka, Faculty of Management, Czestochowa University of Technology, Czestochowa, Poland

Karolina Okręglicka, BA.

Affiliation: Czestochowa University of Technology, Faculty of Management, Dabrowskiego 69, 42-201, Czestochowa, Poland

Email: ka.okreglicka@gmail.com

She is a student at the Faculty of Management, Czestochowa University of Technology in Poland. Her research interest is focused on entrepreneurship, SMEs, and corporate management.

Radim Maňák, University of Entrepreneurship and Law, Department of Entrepreneurship and Management, Ostrava, Czech Republic

PhDr. Ing. Radim Maňák, Ph.D.

Affiliation: The University of Entrepreneurship and Law, Department of Entrepreneurship and Management, Michálkovická 1810/181, 710 00 Ostrava, Czech Republic, website: https://is.vspp.cz/lide/clovek.pl?id=20074

Email: radim.manak@vspp.cz

His main research areas are measuring employees` performance and tools of business ethics and their application in companies. His teaching activities include the following courses: Human Resource Management, Business Ethics, Manager of Human Potential, Labor Market, and German Language. He published one scientific article indexed in Scopus and four scientific articles indexed in the Web of Science database (h-index = 1).

Vendula Fialová, University of Entrepreneurship and Law, Department of Entrepreneurship and Management, Ostrava, Czech Republic

Ing. Vendula Fialová, Ph.D.

Affiliation: The University of Entrepreneurship and Law, Department of Entrepreneurship and Management, Michálkovická 1810/181, 710 00 Ostrava, Czech Republic, website: https://is.vspp.cz/lide/clovek.pl?id=20199;

Email: vendula.fialova@vspp.cz

Her research is focused on Small and Medium-sized Enterprises, Entrepreneurship, Business Environment, and Family businesses. She published one scientific article indexed in Scopus, three scientific articles, and five conference papers indexed in the Web of Science.   

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Published

2021-12-22

How to Cite

Petráková, Z., Okręglicka, K., Maňák, R., & Fialová, V. (2021). GENERATION DISPARITIES ON THE PERCEPTION OF SMEs BUSINESS RISKS. International Journal of Entrepreneurial Knowledge, 9(2), 32–48. https://doi.org/10.37335/ijek.v9i2.145