CONTROVERSIES AND COMPARISONS OF DEFINITION FOR SMALL AND MEDIUM-SIZED ENTREPRISES AT LEVEL OF EUROPEAN UNION
CONTROVERSIES AND COMPARISONS OF DEFINITION FOR SMALL AND MEDIUM-SIZED ENTREPRISES AT LEVEL OF EUROPEAN UNION

Summary/Abstract: Delimitation of SMEs in the economic landscape has been, over time, a difficult and controversial topic. For large firms, SMEs are world who have come and where their competition emerged today. For individuals, SMEs are often a first job, a first step in their careers. They are also the first step towards world entrepreneurs. For the economy as a whole, SMEs are launched assembly of new ideas and processes that accelerate growth based on a more efficient use of resources. Due to the economic environment in constant change, SMEs are flexible and have a great capacity for adaptation, facilitated by the small size and rapid decision making. They easily adapt to the requirements and demands of consumers, being closer to the market. All this is an argument to support the claim that SMEs are a separate area of research.

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