IMPORTANCE OF SMES IN EUROPEAN COUNTRIES ECONOMY

Romanescu Marcel Laurentiu
Additional contact information
Romanescu Marcel Laurentiu: CONSTANTIN BRANCUSI UNIVERSITY OF TARGU-JIU

Annals - Economy Series, 2016, vol. 3, 174-177

Abstract: Fundamentally this Article bases and develop a conceptual approach to improve the management of the SME sector in European countries into a new stage of market economy. Approach that fostered implementation priorities and mechanisms that have led to solving the most important problems, and improving management-oriented development of SMEs with limited resources according to the development strategy of small and medium enterprises for 2012-2020. In conclusion theoretical significance and practical value of research involves analyzing specific characteristics of SMEs and state policy, economic policy support to countries, arguing conceptual approach proposed for the main directions and mechanisms to improve the management of the SME sector, which forms the basis for an increase in the contribution to economic and social development of the country. Specific research activities for SMEs, recently captured the attention of scientists, public servants involved in the regulatory and business support, and representatives of the business community. SMEs contribute to the development of competition, provide mostly jobs, including in times of crisis, enables self-realization of citizens, creates prerequisites for the formation of the middle class which provides stability in society.

Keywords: SME; sector; economy; development; entrepreneur (search for similar items in EconPapers)
Date: 2016
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.utgjiu.ro/revista/ec/pdf/2016-03/32_Romanescu.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2016:v:3:p:174-177

Access Statistics for this article

More articles in Annals - Economy Series from Constantin Brancusi University, Faculty of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Ecobici Nicolae ( this e-mail address is bad, please contact ).