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What is SMEs

Handbook of Research on Economic Growth and Technological Change in Latin America
Small and medium sized enterprises.
Published in Chapter:
Inducascos S.A.: International Operations for Local Market Leadership
Cristina Robledo-Ardila (Universidad EAFIT, Colombia) and Marcela Velasquez-Montoya (Universidad EAFIT, Colombia)
DOI: 10.4018/978-1-4666-6224-7.ch021
Abstract
Inducascos S.A. was first established in 1998 in the city of Medellín, Colombia. After a decade of instability and financial bankruptcy due to lack of capital, scarce infrastructure, and insufficient labor not only in number but also in terms of the qualification level, Inducascos became the market leader in the manufacturing and commercialization of helmets in the Colombian market. Its ability to deal with the unstable local market and the fierce competition resulting from the entry of imported products has positioned Inducascos as the leading brand of motorcycle helmets. For the last decade, the company's strategy has focused on the internationalization of the manufacturing process and the updating of the commercial strategy in order to consolidate an attractive product portfolio, which manages to offer differentiated products for a segmented market at competitive prices. This chapter explores Inducascos S.A.
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Entrepreneurship Strategies in the Arab World: Analytical Perspective vs. Practice Perspective
An online interactive learning approach that provides e-content, activities, tests, and feedback directly to the student supported by various communication technologies.
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Adoption of Online Advertising by Small and Medium Enterprises
Can get support from advertising agencies to publish online advertisings. Technical knowledge and strategy are required to present prepared online advertising materials through the right media, at the right time and with the right content.
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The Role of Family Ownership in Survival and Bouncing Back: Good and Bad News?
Small and medium-sized enterprises. Companies with 10 to 250 employees, reporting sales of 2 to 50 million euros and/or a balance sheet total of 2 to 43 million euros.
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Innovation of SMEs and Their Effect on Productivity in Jalisco
Small or medium-sized company in terms of volume of income, value of assets and number, and workers.
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The Impact of Data Protection Regulations on Start-Up Enterprises
Enterprises that 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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Artificial Intelligence as Driver for SME Competitiveness
Are businesses whose personnel numbers fall below certain limits defined in the EU recommendation 2003/361.
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Role of Intellectual Capital in Women Entrepreneurs' Business Performance
Are businesses or independent firms which employ fewer than a given number of employees.
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Development of an Organizational Management Improvement Plan in SMEs: The Case of CVR Ingeniería del Conocimiento S.A.S.
For the service industry in Colombia, SMEs are those enterprises with an annual income of 483.034 Tax Value Units or less.
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Information Systems Resource Contribution in Strategic Alliance by Small Healthcare Centers
Small to medium-sized enterprises. The European Commission has defined SMEs as organizations that employ fewer than 250 people.
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Using IT-Supported Knowledge Repositories for Succession Planning in SMEs: How to Deal with Knowledge Loss?
Is the abbreviation of small and medium-sized enterprises, and refers to companies which are characterized by an overlap of management and ownership.
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Evolution and Structure of Innovation Co-Creation Networks Between Universities and Industry: The Case of the Polytechnic of Leiria (Portugal)
enterprises that employ less than 250 people and have an annual turnover that does not exceed 50 million euros or an annual balance sheet total that does not exceed 43 million euros.
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Exploring SMEs Adoption of Broadband in the Northwest of England
Small and medium-sized enterprises. The Department of Trade and Industry (DTI) differentiates businesses by the number of employees (micro-firm: 0-9 employees, small firm: 10-49 employees, and medium firm: 50-249 employees).
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Financial Instruments for Small and Medium Enterprise Sustainable Growth: Strategies for Latin American Emerging Economies
The conditions by which an enterprise is considered a small or medium enterprise are different depending on the country. For the case of Colombia, a company is considered small if employs between 11 and 50 workers, and medium if employs between 51 and 200 workers.
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The Productivity of SMEs in Mexico and Their Effect on Innovation: Using the Survey on Information Technologies and Communications 2013 (ENTIC)
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Internationalization of Family Businesses: Does Size Really Matter?
Firms with a staff headcount lower than 250 workers and either turnover lower than 50 million € or balance sheet total lower than 43 million € (According to the European Commission proposal: https://ec.europa.eu/growth/smes/business-friendly-environment/sme-definition_en ).
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Broadband Diffusion to SMEs in the UK
Small and medium size enterprises are enterprises with fewer than 250 employees with an annual turn over not exceeding 10 million euros.
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The Use of Social Media by SMEs in the Tourism Industry
Firms with fewer than 250 employees (European Union, 2011 AU28: The in-text citation "European Union, 2011" is not in the reference list. Please correct the citation, add the reference to the list, or delete the citation. ).
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Entrepreneurs' Responses to Illegitimate Institutional Pressures in Monterrey, Mexico
Small and medium-sized enterprises. Industrial or service enterprises, whose personnel fall below 500 employees.
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B2B Website Benefits Realization in Australian SMEs
Small to median enterprises. The European Commission has defined SMEs as organizations which employ less than 250 people.
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Shared Leadership and Team Performance: The Role of Emotions and Trust
This concept is associated with small and medium-sized enterprises that usually represent a large percentage of business in the global world with the capability to make a notable change to the economy through job creation.
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Profiling Small and Medium Enterprises' Innovativeness During Periods of Economic Crisis: A Case Study From a Greek Region Using Strategic Groups
Small and Medium Enterprises in the European Union are defined as enterprises that have less than 250 employees, and less than €50m turnover, or €43m of balance sheet total.
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Strategy Formulation and Organizational Structure in SMEs: Taking Business Models beyond the Hands of the Founders
Small and medium enterprises. Definitions vary considerably depending on the country, and may adopt different measures of size (the most used being number of employees and volume of sales). We suggest that number of employees is a more relevant measure for our purposes and the SMEs we have in mind in this chapter do not have more than 200 employees.
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Breaking Language and Cultural Barriers: A Key to Improve Stakeholder Relationships of SMEs
According to Law 905 issued in 2004, SMEs in Spanish Pyme refers to the group of small and medium enterprises whose total assets are between 500 Colombian MMLW (COP) and 30000 Colombian MMLW.
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Steps to Success: Competitive Advantage of Modern Enterprises in Poland
Small and medium-sized enterprises - the sector grouping medium-sized, small enterprises, and micro-enterprises; which are mainly local and regional.
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Earnings Management in SMEs: Evidence From Portugal and Spain
Firms employing less than 250 persons whose annual turnover does not exceed EUR 50 million or whose annual balance sheet total does not exceed EUR 43 million.
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Strategic Management in SMEs in Industry 4.0
It refers to small and medium-sized enterprises (SMEs) that employing less than 250 workers and annual financial balance sheet total not exceeding € 43 m.
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Resource Alignment of ICT in Taiwanese Small Dialysis Centers
Small to median enterprises. The European Commission has defined SMEs as organizations which employ less than 250 people.
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Collaborative Alliance for the Implementation of Computer Integrated Manufacturing in Small and Medium Enterprises
SMEs can be defined as establishments having less than 500 employees and an annual turnover of around £20 million. For all enterprises, the long-term goal is to stay in business, grow, and make a profit. SMEs play a significant role in the national economy and in providing employment opportunities.
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The Outsourcing Dilemma of SMEs: A Case of Five Latvian Tech Firms
In Latvia, small and medium-sized enterprises (SMEs) are classified as businesses that employ less than 250 employees 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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Internationalization Process of Innovative SMEs in Lebanon: An Analysis with a Conceptual Model
SMEs stands for Small and Medium-sized Enterprises, the main factors determining whether a company is an SME are: number of employees and either turnover or balance sheet total.
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Motivation for Responsible Behavior Among Russian SMEs
Small and medium enterprises, criteria for categorizing particular enterprises as the ones belonging to the group of small and medium businesses in most countries include the number of personnel and an annual turnover.
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SMEs Internationalization Through Electronic Commerce: Benefits, Disadvantages, and Barriers
SMEs in Australia are the organization with less than 200 employees.
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Evaluation of the Effectiveness of Small and Medium Sized Businesses Web Sites in a Business to Business Context
Small to medium enterprises. The European Commission has defined SMEs as organizations which employ less than 250 people.
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Innovation of SMEs and Effect on Productivity in Jalisco
Small or medium-sized company in terms of volume of income, value of assets and number and workers.
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Integrating SMEs Through Cloud: An Industrial Revolution
Small and medium scale enterprises, is an independent entity which has less than 50 workers. Micro-scale industries are incorporated in Indian sectors and mentioned as micro, small, and medium enterprises (MSME). It plays a vital role in the development of any nations.
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Financial Literacy and Innovation Performance in SMEs: The Mediating Effect of Risk-Taking
Micro, small, and medium size firms according to the European Union Regulation No. 651/2014. In this regard, to be considered an SME a firm must have fewer than 250 employees and not have a turnover of more than 50 million euros or a total balance sheet of more than 43 million.
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Resource Alignment of ICT in Taiwanese Small Dialysis Centers
Small to median enterprises. The European Commission has defined SMEs as organizations which employ less than 250 people.
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Strategic Management in SMEs in the Context of Clustering
SMEs are defined as enterprises that employ less than 250 employees annually and whose annual net sales revenue or financial balance does not exceed amount specified in the law.
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