Preliminary communication
DEVELOPMENT OF SMALL AND MEDIUM-SIZED ENTERPRISES IN THE REPUBLIC OF SERBIA AND THE REPUBLIC OF CROATIA
Zdenka Dudić
orcid.org/0000-0002-3260-2722
; Faculty of technical science, Novi Sad, Republic of Serbia
Mirjana Cvijić
; Faculty of technical science, Novi Sad, Republic of Serbia
Abstract
Micro, small and medium-sized enterprises (SMEs) are an important generator of new jobs and additional value of every national economy. The European Union constantly points to the key role that SMEs play in ensuring competitiveness in the market, and uses various policies to create a more favorable business environment, as set out by the Lisbon strategy. Creating adequate conditions to encourage innovation and other factors that may improve the business of SMEs is very important in a dynamic market, but also because of increasingly sophisticated demands coming from clients. Various world studies show the following problems: inadequate level of activity in launching new business ventures, a small percentage of newly established enterprises, administrative barriers to the implementation of entrepreneurial activities, underdevelopment of financial markets and lack of entrepreneurship education which provides knowledge and skills in business. The aim of this paper is to review the current situation of small and medium-sized enterprises in the Republic of Serbia and in the Republic of Croatia through several aspects: dynamism, innovation, importance of the sector for the economy and regional development, access to finance, access to educational programs and professional services, as well as the possibilities of financing development through the European structural and investment (ESI) funds.
Keywords
small and medium-sized enterprises; innovation; innovative activities; competitiveness; entrepreneurship
Hrčak ID:
183428
URI
Publication date:
26.6.2017.
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