Abstract
The importance of small firms
In most developed economies the health of the small- and medium-sized enterprise (SME) sector has long been seen as essential. The sector can account for between 50 and 70% of all firms and generates a large percentage of the gross national product; has the potential to create employment; and represents a source of innovation. Furthermore, government and policy makers often see the SME community as the source of tiny acorns from which large oak trees can grow.
In most developed economies the health of the small- and medium-sized enterprise (SME) sector has long been seen as essential. The sector can account for between 50 and 70% of all firms and generates a large percentage of the gross national product; has the potential to create employment; and represents a source of innovation. Furthermore, government and policy makers often see the SME community as the source of tiny acorns from which large oak trees can grow.
| Original language | English |
|---|---|
| Number of pages | 8 |
| Journal | Action Learning: Research and Practice |
| Volume | 6 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - Nov 2009 |