Small Enterprises Development

Synonyms

Growth, expansions, progress; Innovativeness; Minor

Definition

Small Enterprises development refers to the growth and progress of businesses that fall within a particular size limit based typically on employee numbers.

Introduction

Small enterprises have emerged and are emerging in developing and developed countries around the world. In fact, small enterprises constitute a significant percentage of all business numbers worldwide. However, the definition of what constitutes small enterprises varies from country to country. The classification of such enterprises is largely reliant upon the specific country’s scale-categorization of such enterprises, the relative size of the country’s economy and its endowments, as well as its cultural context to some extent. It is the most common thought to define small enterprises by employee number. For instance, in the United States, small enterprises are defined as entities with fewer than 100 employees, within the European Union entities...