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Dynamic Development of Companies in an Industry Cluster

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Innovation and Performance Drivers of Business Clusters

Part of the book series: Science, Technology and Innovation Studies ((STAIS))

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Abstract

Two main factors encouraged writing this book. First, it was the advantage of experiencing the last great change in the structure of the national economy of the Czech Republic in the recent history of the 1990s. Second, it was the ability to interpret the results of the development of the companies’ performance in the industries monitored on the basis of knowledge of the local environment. The performance of companies was examined in the book through changes in production functions. Therefore, the chapter at first deals with the concept of production functions from a theoretical and empirical point of view. Subsequently, the issue of efficiency and performance of the company in the field of finance and innovation is addressed. The definition of performance is made and simultaneously the methods of its measurement using the multi-criteria data envelopment analysis (DEA) approach are introduced. The DEA approach allows the use of many financial and non-financial measures on the input and output sides of business activity to evaluate performance. At the same time, DEA can be used to identify a group of the best companies that serve as benchmarks in the industry.

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  1. Technical University of Liberec, Liberec, Czech Republic

    Marek Skala, Miroslav Zizka & Natalie Pelloneova

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  1. Marek Skala
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Correspondence to Marek Skala .

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  1. Technical University of Liberec, Liberec, Czech Republic

    Miroslav Zizka

  2. Technical University of Liberec, Liberec, Czech Republic

    Petra Rydvalova

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Skala, M., Zizka, M., Pelloneova, N. (2021). Dynamic Development of Companies in an Industry Cluster. In: Zizka, M., Rydvalova, P. (eds) Innovation and Performance Drivers of Business Clusters. Science, Technology and Innovation Studies. Springer, Cham. https://doi.org/10.1007/978-3-030-79907-6_5

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