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What is Small and Medium-sized Enterprises (SMEs)

Handbook of Research on Strategic Innovation Management for Improved Competitive Advantage
Although there are plenty of definitions across the world, the working definition used in this document is the one that was created by the European Commission to permit a coherent and effective access of SMEs to European community funds.
Published in Chapter:
Relationships Between Universities and Enterprises: The Perspective of Small and Medium-Sized Firms
António Carrizo Moreira (University of Aveiro, Portugal) and Ana Carolina Vallejo (DEGEIT, Portugal)
DOI: 10.4018/978-1-5225-3012-1.ch016
Abstract
The university-enterprise (U-E) relationship is a topic that has gathered much interest in the academic world. Universities seek to offer services and technology that help firms to build and foster a harmonious U-E relationship, allowing firms to continually renew their involvement in the relationship. This chapter seeks to analyze the role played by various factors—satisfaction, commitment as perceived by firms, perceived commitment by universities, trust, and reputation—in encouraging firms to continuously renew their involvement in the university relationship. A questionnaire was produced drawing on a literature review looking at U-E relationships, the results of which were then analyzed using partial least squares – structural equation modelling (PLS-SEM). Afyer analyzing 80 responses from firms involved in U-E relationships, it was possible to conclude that commitment of firms, reputation, and the perceived commitment of the universities are very important in the continuous participation of firms in U-E relationships.
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Belt and Road Initiative: The Case of Malaysia
Sales turnover and number of full-time employees are the criteria that been used in determining SMEs in Malaysia, in which for manufacturing sectors, SMEs are defined as firms with sales turnover not exceeding RM50 million or number of full-time employees not exceeding; whereas for service and other sectors, SMEs are defined as firms with sales turnover not exceeding RM20 million of number of full-time employees not exceeding 75.
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Business Environment as Key Driver of SME Performance
These are operational Small and Medium Enterprises in Nigeria.
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Enterprise Resource Planning Systems for Small and Medium-Sized Enterprises
In the chapter the definition of SMEs follows the definition presented by the European Commission in 1996 which state that: a small enterprise is an enterprise with fewer than 50 employees and a medium-sized enterprise is an enterprise with more than 49 and fewer than 250 employees.
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Sustainable Innovation in Fashion Products: An Opportunity for Italian SMEs
Defined in the EU recommendation 2003/361. The main factors determining whether an enterprise is an SME are: 1. staff headcount; 2. either turnover or balance sheet total.
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Searching for Opportunities and Trust in International Markets: Entrepreneurial Perspective of a Traditional Industry SME
Although there are plenty of definitions across the world, the working definition used in this document is the one that was created by the European Commission, to permit a coherent and effective access of SMEs to European community funds.
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Corporate Sustainability in Small and Medium Enterprises (SMEs) of Brazil
Types of companies classified under different criteria, such as the revenue achieved and the number of employees.
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Mitigation of COVID Strategies Comparison Between United States and Europe
Usually, the small and medium-sized companies are having less than 50 and 250 employees, respectively. They represent 99% of the businesses in the European Union.
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Internet of Things and Big Data-Driven Data Analysis Services for Third Parties: Business Models, New Ventures, and Potential Horizons
Non-subsidiary, independent firms which employ fewer than a given number of employees. This number varies across countries. The most frequent upper limit designating an SME is 250 employees, as in the European Union.
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Non-State SMEs in Vietnam: Understanding Strategic Situation and Implications for Organizational Performance
A firm that has registered capital of no more than VND 10 billion (equivalent to USD 630,000) or with no more than 300 employees of average workforce.
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Inward Internationalization: Important Challenges Among SMEs
Although there are plenty of definitions across the world, the working definition used in this chapter is the one that was created by the European Commission, to allow a coherent and effective access of SMEs to European community funds.
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Suggestions for SMEs as They Emerge From Crisis Periods
Compared to large-scale enterprises, they are enterprises with smaller employee numbers, turnover or balance sheets and defined borders.
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Challenges of the Internationalization Strategy of a Technology-Based International New Venture
Although there are plenty of definitions across the world, the working definition used in this document is the one that was created by the European Commission, to permit a coherent and effective access of SMEs to European community funds.
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Evaluation of Strategic Opportunities and Resulting Business Models for SMEs: Employing IoT in Their Data-Driven Ecosystems
Non-subsidiary, independent firms which employ fewer than a given number of employees. This number varies across countries. The most frequent upper limit designating an SME is 250 employees, as in the European Union.
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How AI-Enabled Agile Internet of Things Can Enhance the Business Efficiency of China's FinTech Ecosystem
Businesses that maintain revenues, assets or a number of employees below a certain threshold. Each country has its own definition of what constitutes a small and medium-sized enterprise (SME). Certain size criteria must be met and occasionally the industry in which the company operates in is taken into account as well.
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The Roles of International Entrepreneurship and Organizational Innovation in SMEs
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Relationship Between Intellectual Property Rights and Entrepreneurial Ecosystems
SMEs have less than 250 employees, a balance sheet total under €43 million, and a turnover under €50 million.
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