Small Medium Enterprise Examples | Business Directory
Small Medium Enterprises - Categories, Size, Importance in Brief
Small Medium Enterprises are though
very small in size but they create a huge impact on the economic growth rate.
The size of Small Medium Enterprises is defined by the total number of
employees working here. This number falls below a certain threshold i.e. fixed
limit that is calculated to be around 50-250 employees.
Small medium enterprise companies are
referred to as the individual firms whose employee number varies from one
country to the next. Both budget map and investment plan are accurately defined
within all these organizations. Moving further towards the categories of small
medium enterprise examples depending upon the name of the country and some sort
of characteristics.
Small Medium Enterprises -
Types
These enterprises when list their
names in the business directory builds a good reputation in the market. Many
small medium enterprises remain functional in different countries following
certain sort of strategies and traits to turn these SMEs into big firms.
Usually, the categorization of these
enterprises takes place by monitoring their features and factors such as:
● Annual Sales
● Total Number of Employees
● Total Number of assets owned
● Market Capitalization
You can refer to many small medium
enterprise examples in the world which will tell you that there exist some
factors and similarities that vary from one industry to another.
What is the importance of
Small Medium Enterprises?
We are going to discuss a few factors
that will depict the real importance of small medium enterprises.
Flexibility and Innovation
While studying SMEs, you will come to
know that different technological innovations are attributed to these
small-medium enterprises. You can see a list of small medium enterprise
examples that can anchor the whole process of improving your existing products
and services to manufacturing more quantities of quality products.
There are a few SMEs who hardly adapt
to the modifying market requirements to earn huge profits. Therefore, they
produce new products to make a significant contribution to the country’s
economy.
Huge economical contribution
As we discussed in the last line of
the above factor, we have to accept that small medium enterprises are giving
very tough competition when it comes to product design, development and selling
price. We can say that SMEs are a backbone for large businesses anchoring in
the national economic contribution.
Support for big Enterprises
Yes, big companies get great support
from small medium enterprises in different areas of operations including raw
materials supply, distributing finished goods, and many more. Taking the
successful examples of these enterprises from the business directory, you can
get an idea of how SMEs are important for every country. They also get a high
incentive from several governmental bodies.
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