Posted on 15 April 2012.
It becomes a common place to speak of SMEs as an engine of economic growth for any European Union country. The SMEs accounted the higher turnover and provides jobs for most of employed population. Romania is no exception, in 2009, the turnover of SMEs represents over 60 % (but for hotels and restaurants SMEs turnover was around 85 %). The article analyses the vulnerabilities of the sector, the main possibilities for financing, as well the framework created in Romania to stimulate business by development of SME’s.
Competitiveness of Romanian Small and Medium-Sized Enterprises in European Union (723.7 KiB, 575 hits)
Posted in Economics, Volume II, Issue no. 2
Posted on 15 October 2011.
Nowadays, the business life for many companies is becoming increasingly complex and novel because of dynamic processes and rapid changes those are occurring in economy. In order to cope with fast changing environment organizations are forced to increase their knowledge base and thus learn continuously. Herein, organizational learning and knowledge creation processes are becoming of crucial importance if the organizations are to succeed. But, are these processes found in all enterprises?
Small and medium sized enterprises (SMEs) are playing an important role within Western economies. For instance, in the EU SMEs account for more than 50% of total employment. Hence, we investigated the organizational learning and knowledge creation processes in SMEs, as the textbooks mainly refer to larger enterprises.
I concluded that both processes were not found to a full extent as described in theory. The processes not only vary from one another, but they also vary from one enterprise to another. The empirical data clearly indicates that these findings are due to the lack of resources, knowledge and size.
The organizational learning process focuses more on explicit knowledge, as it is rooted in Western epistemology and therefore can be found to a comparably higher extent in the investigated enterprises than the knowledge creation process, which focuses more on the interaction between tacit and explicit knowledge, as it is rooted in the Eastern epistemology.
Organizational Learning And Knowledge Creation Processes In SMEs (800.9 KiB, 959 hits)
Posted in Issue no. 6, Knowledge Management
Posted on 15 February 2011.
The marketing – entrepreneurship interface at corporate level has generated many debates and studies in the last two decades, both in marketing and entrepreneurship fields. Certain elements of marketing orientation and approach may be used in the development of entrepreneurial processes, while entrepreneurial orientation and behaviour enhance the marketing performance of a company which operates in a dynamic environment. This paper presents the concept of entrepreneurial marketing, a proposed entrepreneurial marketing model, as well as the partial result of a preliminary test of this model.
The marketing entrepreneurship and the SMEs competitiveness (78.7 KiB, 2,615 hits)
Posted in Economics, Issue no. 2