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What is Small and Medium Enterprises

Handbook of Research on International Business and Models for Global Purpose-Driven Companies
Within this category of companies, is possible to say that small companies are those with a maximum of 50 employees and micro companies that can have 10 or even 5 employees (OECD, 2005).
Published in Chapter:
Competitiveness in Colombian MSMEs: Analysis of Best Business Practices
Michael Torres (EAN University, Colombia) and Omar Patiño-Castro (EAN University, Colombia)
DOI: 10.4018/978-1-7998-4909-4.ch022
Abstract
Competitiveness has become an obsession for companies and nations, since it is a way of showing the degree of development and the productive capacity that a country has. Throughout this chapter, this concept is related to small and medium-sized companies, which are a large part of a nation's business fabric but do not have very high competitive rates. With the analysis of this variable in this category of companies, it is intended to generate strategies that allow increasing competitiveness in companies of limited size and capacity, in order to achieve their strengthening and greater presence in national and international markets. The main focus of this chapter will be on Colombian companies that are in this type of company, through the review of bibliography and indicators of national and international competitiveness.
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Financial Sustainability of SMEs Through Islamic Crowdfunding
Businesses whose personnel numbers and profits fall below certain limits.
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Different Strategies for Different Crises to Rescue Micro, Small, and Medium Travel Agencies
The category of micro, small, and medium-sized enterprises (SMEs) is made up of enterprises which employ fewer than 250 persons and which have an annual turnover not exceeding EUR 50 million and/or an annual balance sheet total not exceeding EUR 43 million.
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Digital Marketing and the Sustainable Performance of Small and Medium Enterprises
Autonomous, non-subsidiary businesses with fewer workers than a specific threshold.
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Public Policies for Providing Cloud Computing Services to SMEs of Latin America
Enterprises whose scale of production is relatively small in the economy.
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Interventions and Practices to Mitigate COVID-19's Impact on SMEs
Businesses employing between 5 and 100 people with a turnover of 30-300 million Uganda shillings.
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Implementation of Circular Practices in Small and Medium Enterprises in Developing Countries
Companies that have some occupational and financial limits, which are prefixed by the state or region. They are agents with specific logics, cultures, interests and entrepreneurial spirit.
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Sustainable Development: A New Frontier for SMEs
Businesses with fewer than 250 employees and a turnover that's lower than 50 million euro.
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Problems of Marketing Rural Tourism in Serbia
In economic theory, but also in economic practice, the division of enterprises into small, medium and large companies is common. But different countries have their own image of enterprise size, so it is difficult to get a universal definition. Therefore, the quantitative criteria on the basis of which small, medium and large enterprises are classified are: invested capital, sum of the balance sheet after deduction of loss, annual sales revenue and annual average of employees as the most reliable criterion. In most European countries, companies are divided according to the conditions listed in the table, but in some countries it is not easy to separate small and medium-sized enterprises because they are statistically linked together. The basic characteristics of small businesses are that they are much more flexible due to their size, allowing them to adapt to changes in the environment more quickly, and they also provide greater innovation and application of new knowledge. Unlike large companies, communication is less and greater elasticity of connections. But they are also characterized by a higher level of instability compared to large enterprises. The reason for this is poor incentive measures and inadequate financing, which quickly disappear from the market.
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Boosting the Competitiveness of Organizations With the Use of Software Engineering
SMEs by its acronym is the term used to refer to an enterprise having from 25 to 50 people.
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Sustainability Within Italian SMEs and Its Effect on Their Financial Stability
Companies with fewer than 250 employees and an annual turnover not exceeding 50 million euro.
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Sustainable Balance Scorecard as a CSR Roadmap for SMEs: Strategies and Architecture Review
According to OECD, they are non-subsidiary, independent firms that employ fewer than a given number of employees. This number varies across countries. The most common upper limit designating an SME is 250 employees, as in the European Union; however, some countries set the limit at 200 employees, while the United States considers SMEs to include firms with fewer than 500 employees. Small firms are generally those with fewer than 50 employees, while micro-enterprises have at most 10, or in some cases, five workers.
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SMEs and Entrepreneurship Development Determinants in Practice: Case of Uganda
Businesses employing between 5 and 100 people with a turnover of 30-300 million Uganda shillings.
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Implementing E-Marketing in Small and Medium-Sized Enterprises for Enhanced Sustainability
Enterprises that maintain their assets, revenue, or employee count below a predetermined level. Each nation has its own definition of what small and medium-sized businesses are.
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The Impediments to Entrepreneurial Ventures among the Bottom of Pyramid Community in Northern Malaysia
For Manufacturing : Sales turnover not exceeding RM50 million OR full-time employees not exceeding 200 workers. For Services and Other Sectors : Sales turnover not exceeding RM20 million OR full-time employees not exceeding 75 workers.
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Corporate Sustainability in Bogotanian Small and Medium Enterprises: An Analysis of the Economic Dimension
Its definition varies from one country to another. By number of workers, in Colombia, they are enterprises that employ between 10 and 200 workers.
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