How SMEs Tick

John Smithson

Chapter 2 in The Role of the Non-Executive Director in the Small to Medium-Sized Business, 2004, pp 31-47 from Palgrave Macmillan

Abstract: Abstract The principal thesis of this book is that SMEs arc different, and their requirements in terms of non-executive directors are different from larger businesses. It would be as well to begin by defining what is meant by ‘small-to-medlum-sized’ companies — for there is no textbook definition for a term of extremely wide currency. Interestingly, even the Federation of Small Businesses, in its capacity as the mouthpiece and advocate for the sector, docs not place an upper limit on the size of businesses it claims to represent, instead leaving its largest category of member as ‘101-plus’ employees.

Keywords: Small Business; Venture Capitalist; Balance Sheet; Family Business; Small Company (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-9005-1_3

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DOI: 10.1057/9781403990051_3

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