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production process. Our results demonstrate that Czech SME depend in their functioning more on labour than on capital. The impact … a simple test for time effect shows that between 2003 and 2005 Czech SME moved towards higher efficiency. -- production …
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It is known that small firms rely mainly on the CEO’s individual knowledge for developing innovations. Recent work suggests that this approach is inefficient since it underutilizes other employees’ knowledge. We study to which extent using CEOs, managers and non-managerial employees’ ideas...
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