Concept information
Preferred term
small and medium-sized enterprises
Definition
- Small and medium enterprises (SMEs) are independent businesses that are usually managed, funded, and operated by their owners, and with staff size, financial resources, and assets comparatively limited in scale. Conceptual Overview Small and medium businesses are the most common form of organizing business worldwide. [Source: International Encyclopedia of Organization Studies; Small and Medium-Sized Enterprises]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/small_and_medium-sized_enterprises
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