SMEs are the most important part of business sector in Albania. 99.98% of the entreprise are SME-s

I think in developing  countries  we need for small businesses  in order to avoid big need for capital becsuse its scarce resources  and to avoid big  economic  problems due to fails of big companies  besides small businesses  can help in hiring alot of Hunan  resources. 

SMEs of course.

I think the SME-s is very important for this countries especially it hasn't a big resources like the oil and gaz, so the very important resource is the personnels "HR" and good management ideas.

Dear,

Thank you very much for your answer.

Twenty million European (EU-27) SME (99.8%) play an important role in the European economy. These are mostly micro-enterprises and in 2012 employed approximately 86.8 million people. This represents (66.5%) of all European jobs for that year. Micro-enterprises provide just under a third of that total employment figure. In 2012, 43,454 million European large enterprises (0.2%) employed 43,787,013 million people (33.5%) (EC 2013, p. 10).

However, their contribution to wealth creation, income generation, output and employment in WBCs is less than in developed countries.

Dear Zijad,

Numbers speak for themselves obviously. When we look at the issue from an ecosystem perspective both are important players. While SMEs try to pioneer new ideas and innovations, established large business could offer the climate for the SMEs to thrive. A growing economic ecosystem need both. Larger companies may exert more influence on the market's direction, the policies needed and establish a status quo for SMEs.

Hope this answers the question.

In developing countries especially Africa, majority of enterprises are micro and small.

Dear Mr. Nabil,

 I agree with you that both are important players. SMEs are not exclusive economic developers, but are complementary to large enterprises. Namely, if in the European Union of 20 million enterprises as many as 99,8% are SMEs, which provide 2/3 jobs and participate with 70% in the total turnover, or 60% in gross domestic product, then it means that only 0,2% of enterprises provide 1/3 of the jobs, it participates with 30% in the total turnover, and with 40% in the gross domestic product. Therefore, the balance between SMEs and large enterprises is an important factor in balancing the overall economy and the degree of its efficiency, that is, the precondition for optimal use of inputs of production as well as international competitiveness.

Regards,

Zijad

The Importance of SMEs

There is no uniform and widely accepted definition of what constitutes an SME. The standards vary from country to country. Typically, SMEs are defined by an upper limit in the headcount and/or the sales revenues. An agreement is emerging, particularly within the United States, to classify a company as small if it has less than 50 employees and medium if the headcount is below 250. This gives you a sense of what kind of organization we will be addressing in this international executive seminar.

Regardless of its definition, we know that the overall impact of SMEs is overwhelmingly large. Uniformly, 95–99% of the total companies in any country are SMEs; they employ between 40% and 60% of the workers; and they contribute between 40% and 50% of the GDP. In addition, they play a central role as a leading source of innovation and creativity. For these considerations, we feel the SMEs deserve special treatment.

Main Challenges Facing SMEs

The major issue regarding the strategic positioning that a firm needs to adopt is how an SME, which does not have access to major economies of scale, could compete with those who do. The answer resides in two very critical qualities that the cost infrastructure of a successful SME strategy should possess: modularity and scalability. Modularity means that we are able to operate extremely effectively with small quantities, which implies that we do not need large economies of scale to be productive. Scalability means that we can expand the volume of our operations by reproducing the same successful modular format, while maintaining our cost-effectiveness without constraining our possible growth.

Upon request I will send you a complete training program for SMEs, start-ups, entrepreneurs and academia using the Delta Model: Putting Customers before Producs which is the most advanced business strategy in the world  that I teach around the world. My email address is: [email protected]

Dear Mr. Suares,

Thank you very much for your very impresive text about Importance of SMEs and  

Main Challenges Facing SMEs. I have sent email to you.

Regards,

Zijad

I agree with fellow researchers. Definitely countries that are undergoing development rely on SMEs in order to be economically strengthened. However, the presence of large companies shouldn't be brushed aside. Presence of large companies especially MNC indicate that the country is actually worth investing and the economic environment will give ROI. Thus, it should be clearly weighed before one of the organization type is chosen as the pushing factor in transition countries. 

Dear Mrs. Baskaran,

Thanks for your opinion about Importance of SMEs.

Regards,

Zijad

Dear college, the importance of SME is significant (SMEs are not only suppliers for large ones) see our articles: small and medium opportunities and challenge and Analysis of the SME segmentation correlation with competitivess of domestic

Dear Mr. Mares,

Thank you very much for your answer and information about your article.

Regards,

Zijad