Editorial Introduction: The Changing Opportunities and Challenges of SMEs in Contemporary Business

Alkis Thrassou (), Demetris Vrontis (), Yaakov Weber (), S. M. Riad Shams () and Evangelos Tsoukatos ()
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Alkis Thrassou: University of Nicosia
Demetris Vrontis: University of Nicosia
Yaakov Weber: College of Management
S. M. Riad Shams: Northumbria University
Evangelos Tsoukatos: Hellenic Mediterranean University

Chapter 1 in The Changing Role of SMEs in Global Business, 2020, pp 1-13 from Palgrave Macmillan

Abstract: Abstract SMEs, diachronically, have been characterized by scholars, practitioners and administrators as economic drivers, major employers and innovators. The identity of SMEs, along with their characteristics, attributes and competencies, had been considered to be distinctly different from that of their much larger counterparts. Their strengths and limitations, as well as their opportunities and threats, were therefore linked to their size and its natural pros and cons. The twenty-first century, however, combining significant technological and communications advancements with intense globalization and significant sociopolitical changes, has changed the identity and role of SMEs, substantially broadening their opportunities and the challenges they need to overcome. This book, therefore, brings together a collection of scholarly works that present these contemporary issues through different case studies, perspectives, industries and markets, and individually and collectively add to our knowledge and understanding of SMEs in today’s business and socio-economic context, along with the opportunities and challenges that lie ahead.

Keywords: SMEs; Opportunities; Challenges; Evolution (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pscchp:978-3-030-45831-7_1

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DOI: 10.1007/978-3-030-45831-7_1

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