Important Factors of SMES Business Orientation: Case Study from the Czech Republic
Business orientation is a key factor of a successful functioning, direction and progressof small and medium-sized
enterprises (SMEs). The aim of the paper is to define and quantify the significance of given factors influencing the SMEs
business orientation. The paper examines innovativeness and risk taking. Information necessaryfor research evaluation was
obtained from 1141 enterprises in the Czech Republic. The significance ofrespective factors was quantified and their
statistical significance determined using the method of regression analysis.It can be concluded that investing finances into
development of new methods and technologies and conducting risky projects for the purpose of increasing the enterprise’s
performancestrongly determine the SMEs business orientation.
Keywords: Business orientation, SME enterprises, Innovativeness, Risk taking, Proactivity, Aggression, Autonomy.