The Background of the SME - SMP Relationship

Mihu Stefan
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Mihu Stefan: Spiru Haret University of Constanta

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 2, 812-817

Abstract: In understanding the role of Small and Medium Practices (SMP-s) in providing business consultancy to the Small and Medium Enterprises (SME-s), it is important to establish the general background against which this important role is played. The SME-s have nowadays a critical importance for most of the developed and developing economies. For instance, in the European Union, the SME-s contribute over 99% of the overall number of enterprises and 100 millions of working places, representing 67.1% of the working places in the private sector. The existing theories and evidence demonstrate that the SME- owners and managers outsource the consultancy and support services, mainly due to lacks in their corporate resources. The prerequisite that the SME-s have certain competencies in order to survive in a permanently changing environment and purchase resources for consultancy and support is the main approach for their surviving and development. This shortage of resources and the ever-changing environment the SME-s must cope with create the role of SMP-s as main business consultancy. The type, nature and future of this role are an issue still open to debate.

Keywords: professional accountants; accounting market; consultancy services; conformity services; accounting regulations. (search for similar items in EconPapers)
JEL-codes: E (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:2:p:812-817

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