STRATEGY COMPETENCES AND PERFORMANCE MEASUREMENT IN THE HUNGARIAN SMEs SECTOR
AbstractSmall and medium-sized enterprises (SME) are potentially the most dynamic sector of the economy. SME represent 99% of all companies in the EU. They are the biggest sector of the EU economy, with 23 million enterprises employing around 75 million people. These small organizations are responsible for the creation of one in every two new jobs. SME produce considerably more than half the EU's GDP. Their growth is key for the overall economic well-being. The European countries have several programs and measures in place to promote SME growth. But how do they think about their potential and their future? This paper focuses on factors affecting the growth and performance of small and medium enterprises (SMEs). The aim was to identify strategic factors differentiating young and long-lived growth SMEs and find out the coherency with performance. A comparison of the two fields shows an interesting picture in the Hungarian SMEs sector. The results suggest that the organization structure and the applied leadership methods exercise an influence on SME growth strategies. The results increase our understanding of the factors affecting SME growth and performance in two different contexts. This paper draws on survey and interview material, from research with entrepreneurs in small and medium-sized enterprises (SMEs) to examine the process of entrepreneurship and entrepreneurial competences in SMEs. Underlining two main business fields: cost management and performance management. This paper reviews the contribution of cost accounting and strategy thinking, which, it is argued, have been developed for large firms rather than SMEs. More appropriate theories are examined from fields that accepted the impact of uncertainty and dynamics in decision-making, such as performance prism to learning and development. Case study evidence is presented on the nature of entrepreneurial behaviour in growth SMEs and compared with theories in the literature.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Babes-Bolyai University, Faculty of Business in its journal JOURNAL STUDIA UNIVERSITATIS BABES-BOLYAI NEGOTIA.
Volume (Year): (2010)
Issue (Month): ()
Entrepreneurship; firm performance; firm strategy; small and medium enterprises;
Find related papers by JEL classification:
- L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
- L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
- M21 - Business Administration and Business Economics; Marketing; Accounting - - Business Economics - - - Business Economics
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statistics
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Cornelia Pop).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.