The Significance of Business Localization Factors in the Czech Republic

Open access

The Significance of Business Localization Factors in the Czech Republic

This article is concerned with the significance of individual localization factors during the decision-making of economic subjects regarding the location of their businesses. In the first phase of the research, the investigated localization factors were divided into four groups into regional, local, business, labor and infrastructure. The selected localization factors were investigated with the help of an empirical examination of thirteen selected economic branches in the secondary and tertiary sectors. In subsequent stages, a statistical analysis of the acquired data was performed; the selected economic sections were compared among themselves; and with the help of a diffusion analysis, the dependence of the evaluation on the size of the enterprise and on the economic activities of the selected respondents was investigated. The main goal of the research was to identify the current localization factors associated with supplier and customer markets and to determine their significance. In the context of the research, the hypothesis was verified that despite the existence of various approaches to determining localization factors, in part there are localization factors that act universally in all economic branches and further factors that specifically manifest themselves only in some branches. In the context of each factor, investigated was whether the evaluation of a factor depends on the economic branch and whether it is possible to consider an investigated factor as universal. It was also determined whether or not the evaluation of a factor is directly proportionate to the size of the business. From the research results, it follows that during localization, businesses place the greatest significance on the availability of information and communications technologies, geographic proximity to customers, availability of qualified human resources and on transportation costs. Localization decision-making is affected by many factors and depends on a large number of circumstances.

Blažek, J., Uhlíř, D. (2002). Teorie regionálního rozvoje: nástin, kritika, klasifikace. [Theory of regional development: summary, critique, classification]. 1st edition. Praha: Karolinum. 210p.

Grabow, B., Hollbach-Gromig, B. (1995). Weiche Standortfaktoren. Schriften des Deutschen Institut für Urbanistik Band, 89. Stuttgart-Berlin-Köln: Dt. Gemeindeverlag.

He, C., et al (1997). Locational distribution and spatial diffusion of foreign direct investiments from Hongkong and Macao in mainland of China [online]. Chinese Geogrephical science, vol. 7, iss. 4, s. 328 - 338 [ibidem 2011-09-28]. Retrievable from: http://search.proquest.com/docview/204246003/13258520C1F46BDF746/1?accountid=17116. http://search.proquest.com/docview/204246003/13258520C1F46BDF746/1?accountid=17116

Hlaváček, P. (2009). The foreign direct investments in the Ústí region: Theory, actors and space differentiation. E+M Ekonomie a Management. vol. 12, iss. 4, s. 13-27. ISSN 1212-3609.

Hnilicová, H., Bártlová S. (2000). Vybrané techniky a metody zjištování spokojenosti pacientů. [Selected techniques and methods for determining patient satisfaction]. 1st edition. Brno: Institut pro další vzdělávání pracovníků ve zdravotnictví. 118p.

Ježek, J. (1998). Prostorová a regionální ekonomika. [Spatial and regional policy]. 1st edition. Plzeň: Vydavatelství Západočeské univerzity. 238p.

Kožíšek, J., et al (2008). Statistická a rozhodovací analýza, [Statistical and decision-making analysis]. 1st edition. Praha: ČVUT. 252p.

Krugman, P., Obstfeld, M. (2009). International Economics: Theory & Policy. 8th edition. Pearson: Addison Wesley. 706p.

Lechenko, R. (2003). Does place still matter? Accounting for Income Variation Across American Indian Tribal Areas. [online]. Economic Geography, vol. 79, iss. 4, s. 365 - 386 [ibidem 2011-09-28]. Retrievable from: http://search.proquest.com/docview/235594797/1325856D250686DC073/1?accountid=17116 http://search.proquest.com/docview/235594797/1325856D250686DC073/1?accountid=17116

Matoušková, Z., et al (2000). Regionální a municipální ekonomika. [Regional and municipal economies] Praha: VŠE. 1st edition. 156p.

Ponikelský, P., et al (2008). Ekonomika municipalit a regionů [The economy of municipalities and regions] [online]. Praha: VŠRR [ibidem. 2011-08-19]. Retrievable from: http://www.vsrr.cz/reg/kestazeni/emr2.pdf. http://www.vsrr.cz/reg/kestazeni/emr2.pdf

Rumpel, P., et al (2008). Měkké faktory regionálního rozvoje. [Soft factors of regional development] 1st edition. Ostrava: Repronis. 186p.

Sass, M. (2010). Foreign direct investments and relocations in business services - what are the locational factors? The case of Hungary. [online]. Cuadernos de Relaciones Laborales, vol. 28, iss. 1, s. 45 - 63 [ibidem 2011-07-15]. Retrievable from: http://search.proquest.com/docview/734616383/132584BA2AE2E8C407C/1?accountid=17116. http://search.proquest.com/docview/734616383/132584BA2AE2E8C407C/1?accountid=17116

Simango, CH. (1993). Strategic locational factors influencing foreign investment. [online]. European Business Review, vol. 98, iss. 4, s. 7 [ibidem 2011-09-28]. Retrievable from: http://search.proquest.com/docview/225428717/132584DF30818061CEC/1?accountid=17116 http://search.proquest.com/docview/225428717/132584DF30818061CEC/1?accountid=17116

Slach, O., et al (2007). J. Měnící se význam tvrdých a měkkých faktorů rozvoje. [The changing significance of hard and soft factors of development] In: SBORNÍK PŔÍSPĚVKU Z X. MEZINÁRODNÍHO KOLOKVIA O REGIONÁLNÍCH VĚDÁCH. 1st edition. Brno: Masarykova univerzita. 409p.

Stability, skilled labour and infrastructure top locational factors for foreign affiliates. [online]. Yemen Times, iss. 1113, 2007 [ibidem 2011-09-28]. Retrievable from: http://search.proquest.com/docview/429792134/13258504D28573CCE3E/1?accountid=17116

Traxler, J. (2009). Indie [online]. Finmag, 2009 [ibidem 2011-09-28]. Retrievable from: http://www.finmag.cz/cs/finmag/ekonomika/indie/

Viturka, M. et al (1998). Investiční atraktivita vybraných měst České republiky. [Investment attractiveness of selected cities]. 1st edition. Brno: Vydavatelství MU. 120p.

Wasylenko, M. (1991). Empirical Evidence on Interregional Business Location Decisions and the Role of Fiscal Incentives in Economic Development. In: HERZOG, H. W., SCHLOTTMANN, A. M. eds., Papers of a conference Industry location and public policy. 1st edition. University of Tennessee, s. 13 - 30.

Creative and Knowledge Society

The Journal of Pan-European University, Bratislava

Journal Information

Metrics

All Time Past Year Past 30 Days
Abstract Views 0 0 0
Full Text Views 184 134 11
PDF Downloads 83 70 12