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Economic Growth and Competitiveness of Small and Middle-Sized Enterprises (SMEs)

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  • Raya Madgerova

Abstract

This paper is a study of the potential of Bulgarian small and middle-sized enterprises (SMEs) for growth and improving their competitive advantages on domestic and international markets. To this end an analysis of the main economic indicators as well as some hidden reserves for improving the latter are presented. The conditions and factors affecting the solutions to the above issues and some requirements to management are identified and assessed. The reasons for SMEs having fallen behind are given as well as some recommendations and guidelines to solve that problem.

Suggested Citation

  • Raya Madgerova, 2003. "Economic Growth and Competitiveness of Small and Middle-Sized Enterprises (SMEs)," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 5, pages 65-88.
    • Handle: RePEc:bas:econth:y:2003:i:5:p:65-88
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    Cited by:

    1. Milena Filipova, 2007. "Customer Relationship Management – Basis For The Increase Of The Competitive Power," Economics and Management, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 3(2), pages 29-33.

    More about this item

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance

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