Small and Medium Sized Enterprises Development Strategies in the Context of the Global Financial Crisis
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ERHAN, Lica. Small and Medium Sized Enterprises Development Strategies in the Context of the Global Financial Crisis. In: Application of information and communication technology and statistics in economy and education, Ed. Ediția 5-a, 13-14 noiembrie 2015, Sofia. Sofia: 2015, Ediția 5-a, pp. 202-206. ISSN 2367-7643.
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Application of information and communication technology and statistics in economy and education
Ediția 5-a, 2015
Conferința "Application of information and communication technology and statistics in economy and education"
Ediția 5-a, Sofia, Bulgaria, 13-14 noiembrie 2015

Small and Medium Sized Enterprises Development Strategies in the Context of the Global Financial Crisis

CZU: 334.72.012.63/.64:336.13..05

Pag. 202-206

Erhan Lica
 
Academy of Economic Studies of Moldova
 
 
Disponibil în IBN: 5 martie 2024


Rezumat

Small and medium sized enterprises (SMEs) has become one of the most important sectors of economy in many countries over the last decades. SMEs are characterized by flexibility, low cost of management, ability to foster scientific and technical progress, innovation, and the social role of this sector. At the same time, SMEs are characterized by weaknesses like excessive dependence on the external environment, lack of resources and difficulties in terms of marketing their production. It is obvious that the global financial crisis that broke out at the end of the first decade of this century, had a negative impact on the situation in the area of entrepreneurship, but particularly affected small business. Hence, the need to address the crisis situation and ability of small business to adapt to it based on international experience.

Cuvinte-cheie
small and medium sized enterprises, sources of finance, financial crisis