Small and Medium-Sized Enterprises in Turbulent Times: Revisiting the Concept and Prospecting Its Developments

Nedef Matei-Ștefan ()
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Nedef Matei-Ștefan: Bucharest University of Economic Studies, Bucharest, Romania

Proceedings of the International Conference on Business Excellence, 2024, vol. 18, issue 1, 1971-1978

Abstract: Small and Medium-sized Enterprises (SMEs) have gradually emerged as a benchmark in the national, European and global economy and have undeniably assumed a crucial role as key actors in the spectrum of corporate and organizational ecosystem. The prosperity of the SMEs sector is an integral part of a country's economic success. The ability of SMEs to successfully navigate the complexity of the current business landscape is mainly grounded in three interconnected pillars forming a comprehensive framework for their development and growth, respectively competitiveness, resilience and sustainability.

Keywords: theoretical framework on small and medium-sized enterprises; comparing SMEs to other market competitors; competitiveness and resilience of SMEs; the importance of SMEs for the economy; challenges encountered by SMEs (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:poicbe:v:18:y:2024:i:1:p:1971-1978:n:1022

DOI: 10.2478/picbe-2024-0166

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