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The Dynamic And Importance Of Smes In Economy

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  • Maximilian ROBU

    (Faculty of Economics and BusinessAdministration, “Alexandru Ioan Cuza” University of Iasi, Romania)

Abstract

In a world that is marked by a fierce competition, in which the actors that are in play change the rules of the market, forcing enterprises to change the fundamentals of their competivity and their economic performance, holding technological resources has become a major strategic stake for enterprises.SMEs, the backbone of an economy, whether we are referring to the economy of a random state, or the world economy, have to answer these changes and offer competitive goods and services, adjusting the quality of the production factors to these changes. Thus, the competitiveness for SMEs is an essential condition to be able to endure. This article will adress the evolution and importance of SMEs in the economy. We will also focus on their clasification as well as their contribution to the GDP and the world's economy.

Suggested Citation

  • Maximilian ROBU, 2013. "The Dynamic And Importance Of Smes In Economy," The USV Annals of Economics and Public Administration, Stefan cel Mare University of Suceava, Romania, Faculty of Economics and Public Administration, vol. 13(1(17)), pages 84-89, June.
    • Handle: RePEc:scm:usvaep:v:13:y:2013:i:1(17):p:84-89
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    Citations

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    Cited by:

    1. 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.
    2. Margarida Rodrigues & Mário Franco & Rui Silva & Cidália Oliveira, 2021. "Success Factors of SMEs: Empirical Study Guided by Dynamic Capabilities and Resources-Based View," Sustainability, MDPI, vol. 13(21), pages 1-17, November.
    3. Matejun Marek, 2014. "The role of flexibility in building the competitiveness of small and medium enterprises," Management, Sciendo, vol. 18(1), pages 1-15, May.
    4. Toritseju Rita Pessu & Fredrick Agboma, 2018. "Dwarfed Giant: Impact of Trade and Related Policies on SMEs in the Nigerian Textile Industry," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 8(6), pages 602-629, June.
    5. Terence Achiangea Aminkeng & Song Huaming & Ngoe Bosambe Mukete & Gershom Endelani Mwalupaso, 2024. "Impact of Credit Constraints on Financial Performance of Small and Medium Size Enterprises," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 36(4), pages 868-896, August.
    6. Freddy Jirabi Gamba, 2017. "Social Capital in Selected Business Associations of Food Processing SMEs in Tanzania and Rwanda: A Synthetic Based Approach," International Journal of Asian Social Science, Asian Economic and Social Society, vol. 7(1), pages 63-84, January.
    7. 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.
    8. Onjewu, Adah-Kole Emmanuel & Olan, Femi & Nyuur, Richard Benon-be-isan & Paul, Salima & Nguyen, Ha Thanh Truc, 2023. "The effect of government support on Bureaucracy, COVID-19 resilience and export intensity: Evidence from North Africa," Journal of Business Research, Elsevier, vol. 156(C).
    9. Mohammad Haider Syed & Shahnawaz Khan & Mustafa Raza Rabbani & Yannis E. Thalassinos, 2020. "An Artificial Intelligence and NLP based Islamic FinTech Model Combining Zakat and Qardh-Al-Hasan for Countering the Adverse Impact of COVID 19 on SMEs and Individuals," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(2), pages 351-364.
    10. Latifi, Mohammad-Ali & Nikou, Shahrokh & Bouwman, Harry, 2021. "Business model innovation and firm performance: Exploring causal mechanisms in SMEs," Technovation, Elsevier, vol. 107(C).
    11. Bianchi, Constanza & Wickramasekera, Rumintha, 2016. "Antecedents of SME export intensity in a Latin American Market," Journal of Business Research, Elsevier, vol. 69(10), pages 4368-4376.
    12. 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.
    13. Derek Eldridge & Tahir M. Nisar & Mariateresa Torchia, 2021. "What impact does equity crowdfunding have on SME innovation and growth? An empirical study," Small Business Economics, Springer, vol. 56(1), pages 105-120, January.
    14. Bianchi, Constanza & Abu Saleh, Md., 2020. "Investigating SME importer–foreign supplier relationship trust and commitment," Journal of Business Research, Elsevier, vol. 119(C), pages 572-584.
    15. Ndlovu N & Shumba V & Vakira E, 2018. "The Influence of Experience and Owner-Managers Education on SME Performance: Case of Motor Spares Enterprises at Kelvin Light Industries in Bulawayo," Journal of Economics and Behavioral Studies, AMH International, vol. 10(4), pages 22-31.

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