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The Role of SMEs in Modern Economy

Author

Listed:
  • Ludovica Ioana SAVLOVSCHI

    (The Bucharest Academy of Economic Studies, Romania)

  • Nicoleta Raluca ROBU

    (The Bucharest Academy of Economic Studies, Romania)

Abstract

The worldwide experience proves the special role and the importance of small and medium enterprises within the national economies. After the ascension of the last three decades, it is thought that the small and medium enterprises will be in the next period the main vector of the economic progress, both in the developed countries and the ones in transition. On the one hand, the attributes of small and medium enterprises situates this type of organization in the foreground of economic development. On the other hand, the coordinates defining the new configuration of the world economy are favourable to the expansion of the small and medium sector

Suggested Citation

  • Ludovica Ioana SAVLOVSCHI & Nicoleta Raluca ROBU, 2011. "The Role of SMEs in Modern Economy," Economia. Seria Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 14(1), pages 277-281, June.
    • Handle: RePEc:rom:econmn:v:14:y:2011:i:1:p:277-281
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    File URL: https://www.management.ase.ro/reveconomia/2011-1/25.pdf
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    Citations

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    Cited by:

    1. Joanna Błach & Monika Wieczorek-Kosmala & Joanna Trzęsiok, 2020. "Innovation in SMEs and Financing Mix," JRFM, MDPI, vol. 13(9), pages 1-19, September.
    2. Elissa Dwi Lestari, 2022. "The Effect of Financial Literacy, Cost of Technology Adoption, Technology Perceived Usefulness, and Government Support on MSMEs' Business Resilience ," GATR Journals gjbssr620, Global Academy of Training and Research (GATR) Enterprise.
    3. Kafigi Jeje, 2020. "Risk-Taking and Performance of Small and Medium-Sized Enterprises: Lessons from Tanzanian Bakeries," Journal of Economics and Behavioral Studies, AMH International, vol. 12(3), pages 1-22.
    4. Adina-Liliana PRIOTEASA & Nicoleta CHICU & Alina-Andreea ?TEFÃNESCU (MARIN) & Alexandru Mihai BUGHEANU & Ruxandra DINULESCU, 2020. "Risk Management Practices in Small and Medium Enterprises: Evidence from Romania," Management and Economics Review, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 5(1), pages 1-15, June.
    5. Aurona Gerber & Pierre le Roux & Alta van der Merwe, 2020. "Enterprise Architecture as Explanatory Information Systems Theory for Understanding Small- and Medium-Sized Enterprise Growth," Sustainability, MDPI, vol. 12(20), pages 1-31, October.
    6. Malik Cahyadin, 2017. "The relationship between macroeconomic variables and small-and-medium- enterprises in Indonesia," Economic Journal of Emerging Markets, Universitas Islam Indonesia, vol. 9(1), pages 40-50, April.
    7. Diogo Pombo & Mário Franco, 2023. "A qualitative investigation of infusing products with service via strategic alliances among SMEs: a case of servitization," Service Business, Springer;Pan-Pacific Business Association, vol. 17(2), pages 529-555, June.
    8. Emil Knezovic, 2018. "The Influence Of Strategic Hr Practices On Organizational Performance In Micro Companies," Economic Review: Journal of Economics and Business, University of Tuzla, Faculty of Economics, vol. 16(2), pages 53-62, November.
    9. Nooreen Mujahid & Azeema Begam & Nargis, 2019. "SMEs Output and GDP Growth: A Dynamic Perspective," Journal of Asian Business Strategy, Asian Economic and Social Society, vol. 9(1), pages 53-65, June.
    10. Demyen Suzana & Jurita (Margineantu) Adela-Adriana, 2022. "The Problem Of Choice - Advantages And Disadvantages Of Smes Vs. Multinational Companies In The Perception Of Potential Employees In The Context Of The Pandemic," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 64-77, June.
    11. Obi Berko Obeng Damoah & Augustine Awuah Peprah, 2021. "Synthesis of small and medium enterprise research in Ghana," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 11(1), pages 451-468, December.
    12. Edem Korku Agbobli & Olabanji Oni & Olawale Fatoki, 2017. "Market Orientation and Performance of Small Businesses in South Africa," Journal of Economics and Behavioral Studies, AMH International, vol. 9(5), pages 135-143.
    13. Ronen Harel & Dafna Schwartz & Dam Kaufmann, 2019. "Open Innovation In Small Businesses In The Industry And Craft Sectors," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 23(04), pages 1-33, May.
    14. Daniela Santos da Silva & António Cerqueira & Elísio Brandão, 2016. "Portuguese Startups: a success prediction model," FEP Working Papers 581, Universidade do Porto, Faculdade de Economia do Porto.

    More about this item

    Keywords

    small and medium enterprises; economic development; jobs.;
    All these keywords.

    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure

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