What is Small and Medium-sized Enterprises (SMEs)

1.

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. Learn more in: Relationships Between Universities and Enterprises: The Perspective of Small and Medium-Sized Firms

2.

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. Learn more in: Belt and Road Initiative: The Case of Malaysia

3.

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. Learn more in: Enterprise Resource Planning Systems for Small and Medium-Sized Enterprises

4.

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. Learn more in: Sustainable Innovation in Fashion Products: An Opportunity for Italian SMEs

5.

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. Learn more in: Searching for Opportunities and Trust in International Markets: Entrepreneurial Perspective of a Traditional Industry SME

6.

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. Learn more in: Internet of Things and Big Data-Driven Data Analysis Services for Third Parties: Business Models, New Ventures, and Potential Horizons

7.

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. Learn more in: Non-State SMEs in Vietnam: Understanding Strategic Situation and Implications for Organizational Performance

8.

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. Learn more in: Inward Internationalization: Important Challenges Among SMEs

9.

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. Learn more in: Challenges of the Internationalization Strategy of a Technology-Based International New Venture

10.

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. Learn more in: Evaluation of Strategic Opportunities and Resulting Business Models for SMEs: Employing IoT in Their Data-Driven Ecosystems

11.

The firms that are larger than the small office/home office (SOHO), but not huge. Learn more in: The Roles of International Entrepreneurship and Organizational Innovation in SMEs