Abstract:

Recently eventful business environment in the Czech Republic motivates businessmen to keep looking for the path of further development to retain certain level of profit and competitive market share. In general, every businessman has to manage any obstacles on such a way. Among others, it can be for example competition, global business culture, continuous change of business conditions, devilishly fast technological progress, limited accessibility of available resources or qualified human capital. During last decades, the Czech business environment underwent a development with series of changes to be solved on the spot, as frequent legislative changes with consequences on the tax policies, wage policies, pricing policies, state-business regulations, monetary policies towards foreign businesses, international competitiveness and global markets. Steps taken by businesses had an immediate effect on the level of company income.