Services have expanded rapidly over last twenty years and they play a dominant role in advanced economies today. The economic research reflects these structural changes by increasing interest in integrating services into the traditional value chain. This study aims at creating conceptual...

The aim of this paper is to analyze and systematic theoretical findings which are based on Porter´s Generic Chain of Values in regards to the area of supporting activities. Supporting activities were long time at the margin of interest, both social and economic. Today, they represent important...

The recent boom of ICT (Information and Communication Technology) is over. The impact of the financial crisis and the new scenarios for future development of European countries after overcoming it have formulated new requirements on the ICT sector all around the world. ICT seems to be one of the...

Empirical research on the differences between unit values in the EU's trade with the Czech Republic and the intra-EU average has shown a significant changes. The comparative level of manufacturing products imported from the Czech republic has increased, the comparative level of products exported...

Economic crisis represents an important challange for the business sphere of the Czech Republic. For firms it is an objective cause of restructuring and streamlining business processes and of boosting adaptability to changes. The aim of the primary research realized within the research purpose...

This paper presents the basics of the Transaction cost theory (TCT) and shows it's contribution to the Theory of the firm by the view of the new institutional economics. In the first part, author presents resources and presumptions of the TCT mainly by O. E. Williamson. The theory is based on...