Creating value added in Czech Republic - case study of big manufacturing enterprise

Raising uncertainty and distrust of the direction of the world economy indicates a need for a simple metrics to determine whether entrepreneurial activity creates or merely extracts value. This work identifies best practices of value creation based on principles of sustainability, inclusion, and partnership on an intersection of a state and a company to help answer the research question: “How can a multinational enterprise create value-added using the innovative environment of the Czech Republic?” To reach the answer, the theoretical framework has been developed from a literature review, a subsidiary of the international enterprise was ana-lyzed together with innovative conditions in the Czech Republic, and all collected information was synthesized into a description of projects, which were planned by the company and were qualified to fulfill the goals of subvention programs. Creating value can be done either by rais-ing the quality of the product or by decreasing the price paid by stakeholders. Activities of states and companies should benefit a possibly broadest range of people and subjects who could bene-fit from the results of the efforts due to a decrease in the environmental burden, the creation of opportunities for qualified workers, and the overall functional upgrade of the economy due to technological progress. The studied subsidiary of transnational enterprise could contribute to value creation in Czechia in multiple ways. However, administrative issues and low experience with subvention applications complicate the use of the innovation system by receiving public funding for activities that might contribute to functional upgrading.