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A Swot Analysis Of Smes� Development In Romania

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  • Laura GIURCA VASILESCU

Abstract

Nowadays, the importance of the SME field becomes more and more a real basis for establishing and developing a modern, dynamic knowledge�based economy. The experience of the European Union clearly demonstrates that the SME sector can make a substantial contribution to Gross Domestic Product, enhance employment opportunities and stimulate export growth. SMEs have the ability to respond flexibly in a strongly competitive market and to adapt quickly to cyclical and structural changes in the global economy. Therefore, a dynamic SME sector is needed to ensure continued economic growth, to stimulate the employment and the improvement of the living standards. The accession of Romania to the European Union involves a lot of challenges and opportunities for the Romania SMEs sector. In this context, the SWOT analysis will reveal the main strong and weak points of this sector development, the threats but also the ooportunities. Starting from this, there are presented the principles that will be followed for the development of this sector and the national strategy for the support and promotion of Romanian SMEs

Suggested Citation

  • Laura GIURCA VASILESCU, 2008. "A Swot Analysis Of Smes� Development In Romania," Journal of Applied Economic Sciences, Spiru Haret University, Faculty of Financial Management and Accounting Craiova, vol. 3(4(6)_Wint).
  • Handle: RePEc:ush:jaessh:v:3:y:2008:i:4(6)_winter2008:38
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    File URL: http://www.jaes.reprograph.ro/articles/winter2008/SWOTArticle7.pdf
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    References listed on IDEAS

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    1. Berger, Allen N. & Udell, Gregory F., 2005. "A more complete conceptual framework for financing of small and medium enterprises," Policy Research Working Paper Series 3795, The World Bank.
    2. Domenico Sarno, 2008. "Financial And Legal Constraints To Firm Growth: The Case Of Italy," Journal of Applied Economic Sciences, Spiru Haret University, Faculty of Financial Management and Accounting Craiova, vol. 3(3(5)_Fall), pages 293-305.
    3. Laura Stefanescu & Laura Ungureanu & Ion Viorel Matei, 2008. "Reengineering As An Efficient Solution To Redesign Activities And Processes Of An Enterprise," Journal of Applied Economic Sciences, Spiru Haret University, Faculty of Financial Management and Accounting Craiova, vol. 3(2(4)_Summ).
    4. Beck, T.H.L., 2007. "Financing constraints of SMEs in developing countries : Evidence, determinants and solutions," Other publications TiSEM 85aac075-08b5-44ce-bf1a-9, Tilburg University, School of Economics and Management.
    5. Hallberg, K., 2000. "A Market-Oriented Strategy for Small and Medium Scale Enterprises," Papers 40, World Bank - International Finance Corporation.
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    Cited by:

    1. Jubenot Marie-Noelle, 2012. "The Growth Sustainability Concept In The European Union," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 128-132, July.
    2. Daniel Goagara & Sorinel Domnisoru & Sorin Vînatoru, 2011. "Assessment And Accounting Informationspecificto Combinationof Entities, Inthecurrent Economiccontext," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 3(39), pages 64-69.

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