The Quality of Business Environment and its Effect on the Competitiveness of a Business

The competitiveness of a business depends significantly on the quality of business environment. In the last 15-20 years, the businesses have been exposed to constant changes in the external environment (so called environment relevant for making business), to which the reaction is needed. In this paper, we focus on the identification of the basis of these changes and their reflection in the managerial thinking and actions. On the background of different approaches towards the evaluation of the quality of business environment, the construction of our own instrument used for evaluation is the main result and contribution of this paper - it is the index of competitiveness of regional business environment and its application in the municipalities in Slovakia.