Entrepreneurship In Small And Medium Sized Enterprises

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Entrepreneurship in Small and Medium-Sized Enterprises

Author : Andreas Masouras
Publisher :
ISBN 13 : 9781536159226
Total Pages : 326 pages
Book Rating : 4.1/5 (592 download)

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Book Synopsis Entrepreneurship in Small and Medium-Sized Enterprises by : Andreas Masouras

Download or read book Entrepreneurship in Small and Medium-Sized Enterprises written by Andreas Masouras and published by . This book was released on 2019-08-27 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on three key questions and three assumptions, which tackle entrepreneurship and competitiveness through the pillars of young entrepreneurship and innovation in SMEs, always under the lens of the institutional approach. More specifically, the research questions of this study are the following: How do institutions and, in general, institutional processes affect entrepreneurship on the SME level and, hence, competitiveness on the country level, how can the analysis of young entrepreneurship promote our understanding of the overall web of entrepreneurship from an institutional point of view and to what degree do SMEs respond to innovative applications and activities? Moreover, the study takes on the following three research assumptions: The quality of institutions affects the development of entrepreneurship and, hence, a country's competitive position, small- and medium-sized enterprises are affected by the quality of institutions and institutional inefficiency leads to innovation fatigue. The methodology is based on specific data collection techniques that will answer the questions and assumptions of this study by using both qualitative and quantitative approaches.

Managing Human Resources in Small and Medium-Sized Enterprises

Author : Robert Wapshott
Publisher : Routledge
ISBN 13 : 1317618262
Total Pages : 170 pages
Book Rating : 4.3/5 (176 download)

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Book Synopsis Managing Human Resources in Small and Medium-Sized Enterprises by : Robert Wapshott

Download or read book Managing Human Resources in Small and Medium-Sized Enterprises written by Robert Wapshott and published by Routledge. This book was released on 2015-10-14 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: Well-managed employment relationships can be a secret to business success, yet this factor is relatively poorly understood when it comes to small and medium-sized enterprises (SME’s). Written by active researchers with teaching experience, this book brings together the fields of entrepreneurship and human resource management for the first time, providing entrepreneurship students with a solid grounding in HRM as well as a platform for further critical engagement with the research. The concise and authoritative style also enables the book to be used as a primer for researchers exploring this under-developed terrain. As the only student-focused specialist book on human resource management in entrepreneurial firms, this is vital reading for students and researchers in this area, as well as those interested in small business and management more generally.

Small and Medium Enterprises

Author : Information Resources Management Association
Publisher : IGI Global
ISBN 13 : 1466638877
Total Pages : 2031 pages
Book Rating : 4.4/5 (666 download)

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Book Synopsis Small and Medium Enterprises by : Information Resources Management Association

Download or read book Small and Medium Enterprises written by Information Resources Management Association and published by IGI Global. This book was released on 2013-04-30 with total page 2031 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book provides a comprehensive collection of research on current technological developments and organizational perspectives on the scale of small and medium enterprises"--Provided by publisher.

International Entrepreneurship in Small and Medium Size Enterprises

Author : Hamid Etemad
Publisher : Edward Elgar Publishing
ISBN 13 : 9781843761945
Total Pages : 312 pages
Book Rating : 4.7/5 (619 download)

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Book Synopsis International Entrepreneurship in Small and Medium Size Enterprises by : Hamid Etemad

Download or read book International Entrepreneurship in Small and Medium Size Enterprises written by Hamid Etemad and published by Edward Elgar Publishing. This book was released on 2004-01-01 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: The drivers of globalization are removing the barriers that segregated the competitive space of the small and large firms in the past. It is becoming increasingly difficult for independent small firms to thrive in their traditional markets unless they are globally competitive. Managing an enterprise's commercial, industrial and political relations well, regardless of size and location, is the essence of the entrepreneurial challenge in this competitive arena. Small and medium size enterprises (SMEs) often face very different issues than large multinational enterprises do when confronting internationalization. This volume provides an in-depth discussion of these challenges. The contributors to this volume explore the emerging patterns of SME growth and international expansion in response to the evolving competitive environment, dynamics of competitive behavior, entrepreneurial processes and formulation of strategy. They examine the basis and requirements of growth and expansion from three perspectives: the rapidly-changing environment in which business is conducted, entrepreneurial characteristics, and the evolving strategic and competitive response to this changing business environment. Business leaders, scholars and students interested in international business and entrepreneurship will welcome this volume.

Entrepreneurship, Small and Medium-Sized Enterprises and the Macroeconomy

Author : Zoltan J. Acs
Publisher : Cambridge University Press
ISBN 13 : 9780521621052
Total Pages : 426 pages
Book Rating : 4.6/5 (21 download)

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Book Synopsis Entrepreneurship, Small and Medium-Sized Enterprises and the Macroeconomy by : Zoltan J. Acs

Download or read book Entrepreneurship, Small and Medium-Sized Enterprises and the Macroeconomy written by Zoltan J. Acs and published by Cambridge University Press. This book was released on 1999 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book was originally published in 1999. At this time, the US economy had recently restructured itself, moving away from an industrial economy towards one based on information, while the European Union and Japan were left to worry about rising government deficits, inflexible businesses, persistent unemployment, and workers inadequately trained for the information age. Why did the US economy move beyond its chief competitors? This collection suggests that at least some of the answers to the pattern of divergent development can be found in the role of the entrepreneur. By examining the process that entrepreneurs play in the economy, the essays in this volume make a fundamental contribution to our understanding of the macroeconomy. Each chapter clarifies the role of entrepreneur in economic theory, the function of small and medium-size enterprises that they found and build and the impact of the innovations introduced on employment, productivity, and economic growth.

International Entrepreneurship in Small and Medium Size Enterprises

Author : Hamid Etemad
Publisher : Edward Elgar Publishing
ISBN 13 : 1845421558
Total Pages : 276 pages
Book Rating : 4.8/5 (454 download)

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Book Synopsis International Entrepreneurship in Small and Medium Size Enterprises by : Hamid Etemad

Download or read book International Entrepreneurship in Small and Medium Size Enterprises written by Hamid Etemad and published by Edward Elgar Publishing. This book was released on 2004-01-01 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: The drivers of globalization are removing the barriers that segregated the competitive space of the small and large firms in the past. It is becoming increasingly difficult for independent small firms to thrive in their traditional markets unless they are globally competitive. Managing an enterprise's commercial, industrial and political relations well, regardless of size and location, is the essence of the entrepreneurial challenge in this competitive arena. Small and medium size enterprises (SMEs) often face very different issues than large multinational enterprises do when confronting internationalization. This volume provides an in-depth discussion of these challenges. The contributors to this volume explore the emerging patterns of SME growth and international expansion in response to the evolving competitive environment, dynamics of competitive behavior, entrepreneurial processes and formulation of strategy. They examine the basis and requirements of growth and expansion from three perspectives: the rapidly-changing environment in which business is conducted, entrepreneurial characteristics, and the evolving strategic and competitive response to this changing business environment. Business leaders, scholars and students interested in international business and entrepreneurship will welcome this volume.

Small and Medium-Sized Enterprises and the Environment

Author : Ruth Hillary
Publisher : Routledge
ISBN 13 : 1351282824
Total Pages : 442 pages
Book Rating : 4.3/5 (512 download)

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Book Synopsis Small and Medium-Sized Enterprises and the Environment by : Ruth Hillary

Download or read book Small and Medium-Sized Enterprises and the Environment written by Ruth Hillary and published by Routledge. This book was released on 2017-09-08 with total page 442 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book tackles a largely neglected topic: small and medium-sized enterprises (SMEs) and their environmental impact. Over 90% of all firms are SMEs. Their importance to the health of national and international economies is recognized. But what of their environmental impact? Individually, this may be small but, collectively, they pose a huge and largely unregulated threat to national and indeed the global environment. There have been many failed attempts to engage SMEs in environmental stewardship. Why is this? And where are the success stories needed to set best-practice examples? Environmental protection is widely touted as being a win-win scenario for business with economic spin-offs in terms of energy and waste reduction quickly producing payback for capital expenditures. Why is the "good environmental management equals good business management" message not getting through? In Small and Medium-Sized Enterprises and the Environment Dr Ruth Hillary brings together an outstanding international collection of experts from government, international and national support agencies, academics and the business community to present arguments about the key environmental business imperatives facing the small-firm sector. The book is divided into four sections:Attitudes and Perceptions of Small Firms to the Environment and SustainabilityEnvironmental Management in the Smaller FirmPractical Strategies for Reaching SMEsCase Studies from around the World. In these sections, the book examines the threats – such as trade, supply chain issues and legislative compliance – but is also solution-oriented, with considerable discussion of the management tools smaller firms can use to improve their environmental performance. It aims to provide practical strategies for smaller firms and to that end includes a range of informative case studies from around the world. Small and Medium-Sized Enterprises and the Environment is the most comprehensive book on the subject available and will prove invaluable not only to SMEs themselves, seeking to understand a rapidly changing world, but to consultants and small-business advisors, local and central government and to all those in academia looking for ways to improve the environmental performance of small businesses.

Handbook of Research on Sustaining SMEs and Entrepreneurial Innovation in the Post-COVID-19 Era

Author : Baporikar, Neeta
Publisher : IGI Global
ISBN 13 : 1799866343
Total Pages : 676 pages
Book Rating : 4.7/5 (998 download)

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Book Synopsis Handbook of Research on Sustaining SMEs and Entrepreneurial Innovation in the Post-COVID-19 Era by : Baporikar, Neeta

Download or read book Handbook of Research on Sustaining SMEs and Entrepreneurial Innovation in the Post-COVID-19 Era written by Baporikar, Neeta and published by IGI Global. This book was released on 2021-02-05 with total page 676 pages. Available in PDF, EPUB and Kindle. Book excerpt: A multidimensional approach to entrepreneurship, especially in the post-COVID-19 era, will have an important influence on the state of business and government, especially when considering the effects of technological development, innovation, glocalization, and nationalization policies that need to be adopted for inclusive sustainable growth, as well as the enhanced and efficient utilization of global resources. That means there is likely to be a shift in how entrepreneurship development and entrepreneurial opportunities will be perceived, developed, and resourced. The question is how to sustain SMEs and entrepreneurial innovation in the post-COVID-19 era. Thus, comprehensive research and knowledge on designing policies and approaches to ensure the sustainability of SMEs and entrepreneurial innovation in post-pandemic times are essential to sustain, stimulate, and foster SMEs, entrepreneurship, and entrepreneurial innovations. The Handbook of Research on Sustaining SMEs and Entrepreneurial Innovation in the Post-COVID-19 Era provides research dedicated to entrepreneurship with a special emphasis on the sustainability of SMEs and entrepreneurial innovations in the post-COVID-19 era. It provides discussion and the exchange of information on principles, strategies, models, techniques, methodologies, and applications of entrepreneurship in the post-COVID-19 era in the field of public and private organizations. The chapters communicate the latest developments and thinking on the entrepreneurship subject worldwide by drawing on the latest developments, ideas, research, and best practice to examine the implications of the changes taking place due to COVID-19. This book is ideally intended for entrepreneurs, global organizations, small and medium-sized enterprises, managers, executives, government officials, policymakers, researchers, academicians, and students who are interested in learning about, designing, or implementing policies that are more effective in the post-pandemic era.

Entrepreneurial Finance for MSMEs

Author : Joshua Yindenaba Abor
Publisher : Springer
ISBN 13 : 3319340212
Total Pages : 444 pages
Book Rating : 4.3/5 (193 download)

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Book Synopsis Entrepreneurial Finance for MSMEs by : Joshua Yindenaba Abor

Download or read book Entrepreneurial Finance for MSMEs written by Joshua Yindenaba Abor and published by Springer. This book was released on 2016-11-02 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a framework for understanding micro, small and medium sized enterprises (MSMEs) as important contributors to economic growth. By examining the economic and investment decisions behind these businesses, the author shows how managers of MSMEs can add value to the firm by applying managerial finance tools. Early chapters establish the basic tenets of new venture development and financing and explore the economic environment that business-owners inhabit, focusing on venture capital, microfinance intervention, and public sector interventions. Later chapters guide the reader through the process of financial planning and forecasting, and valuation, finishing with insights into how to harvest investments and make sound financial decisions. The book has interdisciplinary appeal and offers a timely consideration of MSMEs in developing economies. It will be valuable reading for all interested in the management and development of small businesses, the finance of entrepreneurship and policy affecting small and medium sized enterprises.

Promoting Innovation In New Ventures And Small- And Medium-sized Enterprises

Author : Tidd Joe
Publisher : World Scientific
ISBN 13 : 1786343495
Total Pages : 512 pages
Book Rating : 4.7/5 (863 download)

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Book Synopsis Promoting Innovation In New Ventures And Small- And Medium-sized Enterprises by : Tidd Joe

Download or read book Promoting Innovation In New Ventures And Small- And Medium-sized Enterprises written by Tidd Joe and published by World Scientific. This book was released on 2017-09-15 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the pioneering work scholars such as Joseph Schumpeter and Peter Drucker, the fields of innovation and entrepreneurship have evolved to become two separate and distinct disciplines. Schumpeter 1 focused on the contributions of entrepreneurial startups and smaller firms, whereas Schumpeter 2 emphasized the role of formal research, development and industrial innovation in larger firms. Unfortunately, the study and practice of each field has suffered as a result: entrepreneurship has become preoccupied with individual entrepreneurs and small business creation, and innovation is dominated by corporate R&D and new product development. Promoting Innovation in New Ventures and Small and Medium Sized Enterprises (SMEs) aims to bridge these two fields by examining innovation in new ventures and SMEs. This book identifies themes which can reunite the study and practice of entrepreneurship and innovation by examining a potentially bridging phenomenon. The focus here is on high growth, innovative SMEs, and the interactions between SMEs and larger organizations, private and public. It is organized around three overlapping themes: SME innovation performance, practices and networks. Contents: Introduction (Joe Tidd)SME Innovation and Performance: Innovation and Growth in the city Region: Microeconomic Evidence of Asymmetries (David Devins, George Lodorfos, Ioannis Kostopoulos and Don Webber)Innovation and Organizational Size in Irish SMES: An Empirical Study (Rodney McAdam, Renee S Reid and David A Gibson)Effects of Product Innovation and Organizational Capabilities on Competitive Advantage: Evidence from UK Small and Medium Manufacturing Enterprises (Ana Christina O Siqueira and Andy D Cosh)Intellectual Capital, Innovation and Performance: Empirical Evidence from SMEs (Karl-Heinz Leitner)Fast-Growing SMEs and the Role of Innovation (Christina Grundström, Roland Sjöström, Anders Uddenberg and Anna Öhrwall Rönnbäck)Perceived Competition and Innovative Intentions in Dutch Small and Medium-Sized Enterprises (Jeroen P J De Jong)The Impact of Environmental Uncertainty Dimensions on Organizational Innovativeness: An Empirical Study on SMEs (Cevahir Uzkurt, Rachna Kumar, Halil Semih Kimzan and Hanife Sert)SME Practices for Innovation: A Model of Organizational Innovation Implementation Effectiveness in Small to Medium Firms (Sukanlaya Sawang and Kerrie L Unsworth)A Study of Organizational Determinants and Innovation Practices in Dubai SMEs (Yahya Al-Ansari, Jun Xu and Simon Pervan)Perspectives on Innovation Management of Ecuadorian Companies: Empirical Evidence (Guillermo Javier Diaz-Villavicencio, Simone Didonet and Alexander Dodd)The Relationship between Top Management Team Innovation Orientation and Firm Growth: The Mediating Role of Firm Innovativeness (Nils D Kraiczy, Andreas Hack, Franz W Kellermanns)Organizational Learning, Non-Technical Innovation and Customer Satisfaction of SMEs (Dimitrios Kafetzopoulos and Evangelos Psomas)What's Small Size Got to do with it? Protection of Intellectual Assets in SMEs (Heidi Olander, Pia Hurmelinna-Laukkanen and Jukka Mahonen)SME Networks for Open Innovation: Governance of Innovation and Growth in SME Networks (Tove Brink)Knowledge Inflows from Market- and Science-Based Actors, Absorptive Capacity, Innovation and Performance: A Study of SMEs (Graciela Corral de Zubielqui, Janice Jones and Laurence Lester)Understanding Relationships between Universities and SMEs in Emerging High Technology Industries: The Case of Opto-Electronics (Chris Hendry, Ja

Strengthening SMEs and Entrepreneurship for Productivity and Inclusive Growth

Author : OECD
Publisher : Org. for Economic Cooperation & Development
ISBN 13 : 9789264967915
Total Pages : 0 pages
Book Rating : 4.9/5 (679 download)

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Book Synopsis Strengthening SMEs and Entrepreneurship for Productivity and Inclusive Growth by : OECD

Download or read book Strengthening SMEs and Entrepreneurship for Productivity and Inclusive Growth written by OECD and published by Org. for Economic Cooperation & Development. This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: SMEs that grow have a considerable positive impact on employment creation, innovation, productivity growth and competitiveness. Digital technologies and global value chains offer new opportunities for SMEs to participate in the global economy, innovate and strengthen productivity. Yet SMEs are lagging behind in the digital transition and are disproportionately affected by market failures, trade barriers, policy inefficiencies and the quality of institutions. A cross-cutting approach to SME policy can enhance SME innovation and scale-up, as well as their contributions to inclusive growth. This includes a business environment conducive to risk-taking and experimentation by entrepreneurs, as well as access to entrepreneurship competencies, management and workforce skills, technology, innovation, and networks.

Small and Medium-sized Enterprises and the Global Economy

Author : Gerald I. Susman
Publisher : Edward Elgar Publishing
ISBN 13 : 1847204430
Total Pages : 359 pages
Book Rating : 4.8/5 (472 download)

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Book Synopsis Small and Medium-sized Enterprises and the Global Economy by : Gerald I. Susman

Download or read book Small and Medium-sized Enterprises and the Global Economy written by Gerald I. Susman and published by Edward Elgar Publishing. This book was released on 2007-01-01 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: Globalization has jarred the traditional role and competitiveness of small- and medium-sized enterprises. This masterful volume comprises leading scholars, policy makers and business leaders who have new insights and strategies for SMEs creating opportunities rather than being victims of globalization. The result is a breakthrough in our understanding of entrepreneurship in the global context. David B. Audretsch, Indiana University, Bloomington, US and WHU, Germany Small and medium-sized enterprises (SMEs) often have difficulty competing in the global economy unless they collaborate with domestic or foreign partners or with public sector organizations. This book addresses the resource leverage and innovation challenges that increased global trade represents for SMEs. In doing so, it explores how SMEs can become more competitive at home and in foreign markets as stand-alone firms or as members of supplier and customer networks. SMEs are turning increasingly to innovation as a source of competitive advantage in order to protect their home markets and participate in expanding foreign markets. The contributors to this volume leading experts in entrepreneurship, innovation, and international business provide in-depth coverage of the most compelling issues facing SMEs. These include: innovation as a competitive strategy, network dynamics, ways to leverage technology, internationalization, and the role of the public sector in helping SMEs to overcome resource deficiencies. This comprehensive look at SMEs in the global marketplace will be of great interest to academics who study entrepreneurship, innovation, or international business, officials from public sector agencies with responsibility for helping SMEs to internationalize and become more innovative, and senior executives of SMEs or executives of larger companies who are considering collaboration with SMEs.

Managing the Potential of Small and Medium-Sized Enterprises in Business Practice

Author : Marek Matejun
Publisher : Lodz University of Technology Press, Lodz
ISBN 13 : 8372833567
Total Pages : 287 pages
Book Rating : 4.3/5 (728 download)

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Book Synopsis Managing the Potential of Small and Medium-Sized Enterprises in Business Practice by : Marek Matejun

Download or read book Managing the Potential of Small and Medium-Sized Enterprises in Business Practice written by Marek Matejun and published by Lodz University of Technology Press, Lodz. This book was released on 2010 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Management of Small and Medium Enterprises

Author : Matthias Fink
Publisher : Routledge
ISBN 13 : 1135227586
Total Pages : 406 pages
Book Rating : 4.1/5 (352 download)

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Book Synopsis The Management of Small and Medium Enterprises by : Matthias Fink

Download or read book The Management of Small and Medium Enterprises written by Matthias Fink and published by Routledge. This book was released on 2009-05-07 with total page 406 pages. Available in PDF, EPUB and Kindle. Book excerpt: Due to the vital importance of SMEs in developed economies worldwide, this book aims to provide a unique and much-needed investigation into the underlying mechanisms and practices of management within these companies by collecting a wide range of original conceptual and empirical research in the topical area of management in SMEs and new ventures. Collecting work from dozens of leading scholars in fields ranging from management and entrepeneurship to human resource management and strategy, this book aims to supply readers with an overview of the field of research in management of SMEs and new ventures as well as in depth knowledge on a variety of related topics. The essays collected here are focused and practical, offering a variety of explicit and pragmatic recommendations for action and developing new tools and strategies useful to scholars and students as well as practitioners working in the field of SME and new venture management and consulting.

Sustainability and Small and Medium-sized Enterprises

Author : Aharon Factor
Publisher : Routledge
ISBN 13 : 0429760779
Total Pages : 266 pages
Book Rating : 4.4/5 (297 download)

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Book Synopsis Sustainability and Small and Medium-sized Enterprises by : Aharon Factor

Download or read book Sustainability and Small and Medium-sized Enterprises written by Aharon Factor and published by Routledge. This book was released on 2021-03-29 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: Industrialisation has brought great benefits to humankind but now, after 200 years of fossil fuel use, land clearance and pollution, the planet’s boundaries are being stretched to their limits. Going beyond these confines would have severe consequences for humankind. To prevent this from happening, government, corporate and community initiatives must focus on reducing the environmental impact of approximately 400 million small and medium-sized enterprises (SMEs), given that they produce approximately 70% of the world’s pollution, 60% of carbon emissions and have a significant impact on land. To date, research shows that SMEs have been environmental laggards and more needs to be understood to improve sustainability in the SME sector. Broadening the researcher’s methodological focus, beyond traditional singular approaches, improves knowledge generation and better informs policy and practice. This book paves the way by showing the reader that a mixed method research design is able to provide a deep, diverse and holistic understanding of sustainability and SMEs. Importantly, the book also provides an in-depth mapping of mixed method sustainability and SME research at a regional level. As this book is about environmental sustainability framed in a business context, it will be of interest to researchers, academics, students and those in industry who are enquiring about the environmental sustainability of SMEs.

SME and Entrepreneurship Policy in Canada

Author : Collectif
Publisher : OECD
ISBN 13 : 9264276378
Total Pages : 228 pages
Book Rating : 4.2/5 (642 download)

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Book Synopsis SME and Entrepreneurship Policy in Canada by : Collectif

Download or read book SME and Entrepreneurship Policy in Canada written by Collectif and published by OECD. This book was released on 2017-07-25 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: SMEs and entrepreneurs make an important contribution to the Canadian economy. SMEs account for 60% of total employment, and Canada performs very well across many measures of small business generation, growth and innovation. However, further increases in productivity in medium-sized firms, an increase in SME exports, a greater business start-up rate and an increased number of high-growth firms could bring substantial benefits for the national economy. This report identifies several areas where new policy approaches could help achieve these objectives. Framework conditions for small business could be improved in business taxation, public procurement, access to financing and the commercialisation of research. New and extended programmes could be introduced in domains including entrepreneurship education, management advice and consultancy, and workforce skills development. A major effort is recommended to prioritise women's entrepreneurship, including by supporting social enterprises, and federal support could be offered to support the exchange of information on best practice SME regulations and programmes among provinces and territories. All this could be brought together and co-ordinated through the umbrella of a national strategy and a lead agency for SME and entrepreneurship policy.

The role of small and medium-sized enterprises (SMEs) in Europe's economy

Author : Svetlana Shirobakina
Publisher : GRIN Verlag
ISBN 13 : 3638521869
Total Pages : 18 pages
Book Rating : 4.6/5 (385 download)

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Book Synopsis The role of small and medium-sized enterprises (SMEs) in Europe's economy by : Svetlana Shirobakina

Download or read book The role of small and medium-sized enterprises (SMEs) in Europe's economy written by Svetlana Shirobakina and published by GRIN Verlag. This book was released on 2006-07-18 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2004 in the subject Business economics - Miscellaneous, grade: 1,3, University of Lincoln, course: B.A. European Business, language: English, abstract: The Lisbon European Council of March 2000 set the European Union a new strategic objective for the coming years:to become the most competitive and dynamic knowledge-based economy in the world, capable of sustained economic growth with more and better jobs and greater social cohesion. It is considered that Europe’s competitiveness and economic progress is strong dependent on its small and medium-sized enterprises, which are the key-source for job creating as well as for searching for new business ideas and innovative solutions, its main driver for entrepreneurship. For this reason, the European Council endorsed the “think small first” principle as one way to progress towards the Lisbon objectives. The idea of the small business has captured the imagination of the public and politicians over past years. They agree in the point that to meet the challenge of new integrated Europe requires a better business environment within the Internal Market, including the lightest possible administrative and regulatory burdens for small businesses and a better access to finance resources as well as creating of simple and effective legislation. It also requires a revolution in attitudes to entrepreneurship and to risk-taking processes, which will allow viewing failure as a part of experience, as an “opportunity to learn” from mistakes. They also emphasise the fact that small enterprises are normally more sensitive to changes in the business environment than large firms. They are the first to suffer if weighed down with excessive bureaucracy and creating new administrative burdens. And they are the first to flourish from initiatives such as decrease in taxation rate and promotion. My essay aims to answer the question to what extent the EU’s main market integration initiatives address the needs of SME’s and what should be done on the way to developing strong, competitive SMEs which would use all benefits from the Single European Market. It is important to define what we mean by SMEs before proceeding to answer these questions. For the purpose of this essay, SMEs are defined as non-subsidiary, independent firms, which employ less than 250 employees. We have to take into account the fact that this number may vary across national statistical systems. [...]