Overview of European Union SMEs sector
Overview of European Union SMEs sector
Author(s): Vladimir-Codrin lonescuSubject(s): Business Economy / Management, Social development, Management and complex organizations, Economic development, Accounting - Business Administration
Published by: Editura Universităţii din Bucureşti
Keywords: European Union; SMEs; Small Business Act; skills and innovation;
Summary/Abstract: In an international landscape characterized by continuous structural changes and a growing competitive pressure, the role of SMEs is becoming increasingly important, in their capacity as providers of employment opportunities and key-players in the prosperity of local and regional communities. The paper highlights evolutionary benchmarks of the EU SMEs, with special reference to three indicators, namely the number of firms, number of employees and gross value added. The main EU documents relating to SMEs are briefly presented, specifically the “European Charter for Small Enterprises” and “Small Business Act” for Europe. In the final part of the paper we have analyzed the “skills and innovation” principle, which is of major importance in the context of the “A Union of Innovation” Initiative, included in the Europe 2020 Strategy.
Journal: Manager
- Issue Year: 2014
- Issue No: 19
- Page Range: 53-62
- Page Count: 10
- Language: English