Factors for Increasing the Competitiveness of Small and Medium- Sized Enterprises (SMEs) in Bulgaria
By S. Ahmedova. 2015
177 citations recorded by the source corpus.
Abstract The competition is the trigger force of any market economies. Under modern contemporary conditions, competition is determinative for the business development, while competitiveness is the most important condition for overall business prosperity. The area of small and medium enterprises (SMEs), having extraordinary potential for flexible adaptation to the economic circumstances in the country and changing market conjuncture – is of major significance for the national economic development. The accession of Bulgaria to the EU provides great opportunities for SMEs support and development. On the basis of the above – mentioned, we can conclude that the purpose of this article is to define and analyze the key factors for enhancing SME competitiveness and to outline the direction of their sustainable development in the new economic reality.
Subfields: Economics and Econometrics, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/09a710e8dd91e1ddad7ba1ad5b7a4304b7b2473f
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Citations in the corpus
- Sustainability of SMEs in the Competition: A Systemic Review on Technological Challenges and SME Performance (2019, methodology): “This fulfills the prerequisites for firms’ innovation—creating new knowledge or combining existing knowledge in a new entrepreneurial way [7,41], and studying the cluster approach for innovation process in the SME confirmed the appropriateness of managing the SME‐based cluster approach to ”
- A Review of Global Challenges and Survival Strategies of Small and Medium Enterprises (SMEs) (2020, background): “According to Ahmedova (2015), redirecting the venture from low value-added industries towards niche markets based upon particular competitive benefits and high value-added productions may strengthen the SMEs to face global competition successfully.”