Coordination of SMEs Development: Investigating Their Needs for External Assistance Provided by Specialized Institutions
Journal Title: Academic Journal of Economic Studies - Year 2018, Vol 4, Issue 4
Abstract
In contemporary society SMEs is the main generator of economic performance of a country. They contribute socially, economically, technically, ecologically, through elements of natural capital and the human factor to the sustainable development of a nation. Managers of small and medium-sized enterprises on their way to initiating and growing their own business continue to hit many aspects of development: incoherent legislation, bureaucracy, lack of financial resources, skilled labor shortages and others. With the desire to enhance the success of their own businesses and to cope with market conditions, among the managers appeared the need for external assistance or collaboration. It can be covered only with the help of institutions specialized in supporting and developing entrepreneurship in Romania. The objective of this paper is to identify the needs of business managers to develop collaborations or partnerships with specialized institutions correlated with the delimitation of the main collaborative institutions, the knowledge of the problems encountered in the collaboration process and the means of transmitting the information by them. In order to achieve the proposed objective, a quantitative research has been carried out among the managers of small and medium enterprises in Romania. Taken by random method the sample is probabilistic and the descriptive research was based on a questionnaire, the chosen method being consistent with the type of research. The major contributions of the research project are to highlight the relationship between enterprises and specialized institutions by identifying the need for assistance and collaboration between them in order to support profitable businesses.
Authors and Affiliations
Mirela Catalina Turkes
Keywords
Related Articles
- EP ID EP425034
- DOI -
- Views 95
- Downloads 0
Romania’s Sustainability in European Context Seen from the Point of View of Energy Consumption, Innovation and Education
In the context of sustainable development, national competitiveness and sustainability became a fundamental preoccupation for emerging countries and the advanced countries. Romania has lately appeared in reports of Europ...
Foreign Direct Investment in an Emerging Economy: Exploring the Determinants and Causal Linkages
The objective of the study was to examine the determinants of Foreign Direct Investment (FDI) from 1985 to 2015 in an emerging economy, Ghana. The study used a robust OLS regression and a Granger Causality Test to test f...
The Importance of Transportation to Tourism Development
In the recent decade, the event tourism has emerged as an important sector of tourism strategies and leisure behaviour globally. The importance of transport consists not only in the function they have in the development...
An Assessment of the Efficiency of Government Regulatory Agencies in Nigeria. Case of the National Agency for Food and Drugs Administration and Control
This study examines Business, Government and Society interrelationships. It eventually narrowed down to assessing the efficiency of government regulatory agencies, in fulfilling the role of government in protecting consu...
Alba County - Rural Tourism Destination?
The purpose of this paper is to identify the main rural touristic resources available in Alba County and also the preferred tourist destinations, highlighting the role and the importance of the rural tourism and agro-tou...