Analysis of using tools of strategic management in SMEs in South Bohemia Region

Abstract

Strategic management plays an important role in making up the competitiveness of small and medium-sized enterprises. The aim of this article is to find how much SME includes principals and tools of the strategic management, especially how they are formulated strategy.In the research project was used secondary data (financial statements of SMEs who took part in the research) and primary data which were obtained primarily through quantitative methods questionnaire supplemented by qualitative method of in-depth interviews. Majority of examined small and medium enterprises had formulated strategy. They are aimed mainly at stability, further at quality, development and profit.