Role of SMEs - Role of SMEs Seedbed of the economy....

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Role of SMEs Seedbed of the economy. Stimulators of competition. Employment Creators. Innovators. Providers of Service. Nurturers. Developers of Local Economy.
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Seedbed of the Economy Small enterprises seen as the seeds from which large successful corporations grow, eg. Kwik-Fit, Body Shop, Microsoft. Not all small enterprises survive much beyond birth. 40%, on average,cease trading within 3 years of start-up.
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Stimulators of Competition Cost of entry is dependent on sector. Possibility of saturation and over supply at local market level. Displacement of existing viable operations at public expense.
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Small enterprises account for significant proportion of all jobs in free market economies. During 1979s and 80s small enterprises registered a net gain in jobs despite severe recessions. Jobs generation in small enterprises is accelerating. Small firms make a more consistent contribution to job
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This note was uploaded on 10/13/2009 for the course MGT 3150 taught by Professor Ken during the Spring '09 term at Al Akhawayn University.

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Role of SMEs - Role of SMEs Seedbed of the economy....

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