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Author:
Publisher:
ISBN: 9789283057802
Category :
Languages : en
Pages : 0
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Book Description
The advent of the COVID-19 pandemic has become the landmark for one of the greatest recessions ever experienced. As such, many Small and Medium Enterprises (SMEs) were exposed to financial and employment-related losses. However, not all industry sectors suffered same negative rates of income or job disruptions and there is still limited evidence on the matter. In addition, the invasion of Ukraine from Russia has become the trigger for a new wave of economic crisis for all business sectors and sizes. Therefore, the objective of this study is to develop a systematic classification of COVID-19 (and international crisis)-related impacts on SMEs. It also includes an identification of "winning" or "losing" adaptation factors shaping crisis management. To achieve its finalities, the study develops an explanatory framework by generating six categories of "pandemic challenge areas" (Containment Measures, Workforce, Finance, Digitalisation, Public Assistance, European Diversity) and a targeted performance analysis for SMEs in 6 industry sectors (Manufacturing, Construction, I&R, Tourism, Agro-Food, Retail) over an EU-12 sample of countries. Based upon research evidence, the study ultimately proposes a list of policy recommendations for recovery and competitiveness of SMEs alongside four pillars (emergency support, regulation & governance, training & skills and innovation, sustainability & cohesion).
Author:
Publisher:
ISBN: 9789283057802
Category :
Languages : en
Pages : 0
Get Book Here
Book Description
The advent of the COVID-19 pandemic has become the landmark for one of the greatest recessions ever experienced. As such, many Small and Medium Enterprises (SMEs) were exposed to financial and employment-related losses. However, not all industry sectors suffered same negative rates of income or job disruptions and there is still limited evidence on the matter. In addition, the invasion of Ukraine from Russia has become the trigger for a new wave of economic crisis for all business sectors and sizes. Therefore, the objective of this study is to develop a systematic classification of COVID-19 (and international crisis)-related impacts on SMEs. It also includes an identification of "winning" or "losing" adaptation factors shaping crisis management. To achieve its finalities, the study develops an explanatory framework by generating six categories of "pandemic challenge areas" (Containment Measures, Workforce, Finance, Digitalisation, Public Assistance, European Diversity) and a targeted performance analysis for SMEs in 6 industry sectors (Manufacturing, Construction, I&R, Tourism, Agro-Food, Retail) over an EU-12 sample of countries. Based upon research evidence, the study ultimately proposes a list of policy recommendations for recovery and competitiveness of SMEs alongside four pillars (emergency support, regulation & governance, training & skills and innovation, sustainability & cohesion).
Author: Bruno Dallago
Publisher: Routledge
ISBN: 0415680859
Category : Business & Economics
Languages : en
Pages : 322
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Book Description
The book explores how, to what extent and with what consequences the international crisis of 2007-2008 and the recession which followed have affected European SMEs (small and medium enterprises) in both the well established market economies of the old member countries and in the post-transformation new member countries, and what can be done at the institutional and political level to uphold them.
Author: Joanna Duda
Publisher: Taylor & Francis
ISBN: 1000626210
Category : Business & Economics
Languages : en
Pages : 197
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Book Description
Entrepreneurship, Innovation, and Crisis: SME Responses to the COVID-19 Pandemic aims to address the conditions for the operations of SMEs during the time of the COVID-19 pandemic as well as the governmental support for entrepreneurs in such industries as tourism, manufacturing, recycling, education, and printing as well as the creative industry. Through the presentation of various strategies for the functioning and development of companies under crisis conditions along with new management approaches for coping with them, this book discusses the conditions for the operations of SMEs during the time of the COVID-19 pandemic as well as the support for entrepreneurs that has been offered by the governments of different countries. This approach will allow our results to be useful for a wide audience – making it especially valuable to researchers, academics, policymakers, and advanced students who are interested in crises, entrepreneurship, small and medium-sized enterprises, and strategic management.
Author: Susanne Durst
Publisher: Springer Nature
ISBN: 3030917274
Category : Business & Economics
Languages : en
Pages : 246
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Book Description
This book provides an in-depth introduction to crisis management and leadership in SMEs, as well as methods, approaches and cases against the background of different crises; external ones in particular. Featuring contributions from research and practice, this book covers a plethora of SMEs from different sectors to match the diverse nature of small business practice. The combination of a sound theoretical framework for small firm crisis management along with practical instruments/methods and cases, help to improve the organizational resilience of SMEs. The authors also guide the reader to resources beyond the book, including an online “Crisis Toolkit” comprised of material such as further publications, crisis management blueprints, guidelines, checklists, and company cases on crisis management-related issues.
Author: Bruno Dallago
Publisher: Routledge
ISBN: 1317281179
Category : Business & Economics
Languages : en
Pages : 278
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Book Description
The financial and economic crisis in Europe is not over, and the radically opposing strategies on how to proceed has only increased the complexity of problems in the region, revealing the shortcomings of the EU’s architecture. The European Union, perhaps for the first time in its history of more than seventy years, is being perceived as a threat to the financial and monetary stability of the world. A Global Perspective on the European Economic Crisis explores the connection between internal EU actions and institutions and the external factors that influence the ongoing response to the European crisis. With a unique collection of international and interdisciplinary essays, this book considers the complex macroeconomic and challenging political landscape of Europe, looking at how and why the European Union is untenable in its current state. The chapters outline what should be done to make the common currency area more resilient, and explain why external events are particularly problematic for the EU, ultimately offering suggestions for what Europeans should do in order to avoid harmful internal consequences. This volume confronts the causes of the crisis’ persistence, its economic and political consequences, and the impact of more recent events and policy decisions. It will be of interest to researchers and policy-makers keen to understand the EU relations and the influence of international organizations in the European economic crisis.
Author: Nuria Alcalde-Fradejas
Publisher:
ISBN:
Category :
Languages : en
Pages : 20
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Book Description
This is pioneering research in that it makes a comparison of the process of convergence of long-run profits in the manufacturing sector of six European countries (2000-12), differentiating between SMEs and large firms, and by identifying the impact of the crisis on this process. The results obtained by employing the convergence model, known as the Partial Adjustment Model, indicate that the inter-country competitive process, is working better among large companies than among SMEs. The impact of the crisis on this process has been uneven across the countries and the sizes of the firms.
Author: Klimentina Poposka
Publisher: LAP Lambert Academic Publishing
ISBN: 9783659589027
Category :
Languages : en
Pages : 116
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Book Description
The 2008 financial crisis has triggered a reappraisal of SMEs, especially their role for the economic recovery. The role of start-up activity has been emphasized for scaling down the excessive levels of unemployment. The book primarily introduces the concept of SMEs with focus on start-ups and the challenges they face in a recessive economy. The empirical research uses panel data for the analysis of the change in the causal relationship between the indicators for entrepreneurship and start-up activity before and after the crisis. The data is focused on the territory of the European Union (EU). Nevertheless, the findings provide valuable knowledge in the field of entrepreneurship, especially on indicators driving start-up activity. The results urge for a more contextual approach when addressing problems and challenges of entrepreneurs. The research is expected to be of particular interest for policy makers aiming to revive the growth of the EU through increased entrepreneurial start-up activity. The book also provides valuable information for researchers, students and entrepreneurs seeking to better understand the post-crisis business environment for start-ups.
Author: Karen Hope
Publisher:
ISBN: 9789294604224
Category :
Languages : en
Pages :
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Book Description
2020 was a momentous year for EU SMEs, as well as for EU business and citizens more generally. The Covid-19 crisis brought to an abrupt halt or even reversed the gains made by the EU SME sector over the past decade. Many industries, especially in the SME-intensive services sector, experienced large declines in sales as a result of the various lockdowns and other measures introduced by Member States to fight the spread of Covid-19, although conversely, some industries actually saw their sales increase. However, the various business support measures implemented by Member States during the pandemic limited the employment impact of the decline in economic activity. The first part of this report reviews the impact of the pandemic on EU SMEs in 2020, and the likely performance of EU SMEs in 2021, after providing a brief overview of their pre-pandemic performance. The second part of the report focuses on the digitalisation of SMEs. The use by SMEs in 2020 of various digital tools (e.g. remote working, online/click and collect selling, etc.) helped to mitigate the impact of the pandemic. In this regard, the 2020 'EU SME Strategy for a sustainable and digital Europe' was launched at the most opportune time. It aims to "support European SMEs through strengthening their capacities to adapt to climate neutrality challenges, help them to reap the benefits of digitalisation, reduce the regulatory burden that SMEs face, and improve their opportunities to access finance". This report supports the SME Strategy, by reviewing and assessing the digitalisation activities undertaken by SMEs so far, especially during the pandemic, as well as the digitalisation issues and challenges faced by SMEs, and actual and potential policy responses to these challenges. The analysis focuses on two distinct aspects of the digitalisation of SMEs. Firstly, the performance of SMEs which are active in the digital sector and, secondly, the digitalisation of activities carried out by all SMEs, irrespective of sector.
Author: Bruno Dallago
Publisher: Routledge
ISBN: 1136190503
Category : Business & Economics
Languages : en
Pages : 322
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Book Description
The book explores how, to what extent and with what consequences the international crisis of 2007-2008 and the recession which followed have affected European SMEs (small and medium enterprises) in both the well established market economies of the old member countries and in the post-transformation new member countries, and what can be done at the institutional and political level to uphold them.
Author:
Publisher:
ISBN: 9789292044091
Category :
Languages : en
Pages :
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Book Description
The EU is the world's largest single market area and is the largest economy in the world. Many may attribute that market size to large organizations and multi-national companies. While these are important contributors to the overall EU economy, the Small Medium Enterprise (SME) businesses form the backbone of the EU's economy. According to the European Commission "Small and medium-sized enterprises (SMEs) are the backbone of the EU's economy. They represent 99% of all businesses in the EU and employ around 100 million people. They also account for more than half of Europe's GDP and play a key role in adding value in all sectors of the EU economy." They serve both as enablers for the digital transformation, and as a core element of the EU social fabric. In response to the COVID19 pandemic, ENISA analysed the ability of SMEs within the EU to cope with the cybersecurity challenges posed by the pandemic and determining good practices to address those challenges. This report provides cybersecurity advice, but also proposals for actions that Member States should consider in order to support SMEs improve their cybersecurity posture. The COVID19 crisis showed how important the Internet and computers in general are for SMEs to maintain their business. In order to survive the pandemic and to continue in business many SMEs had to take business continuity measures such as adopting to cloud services, upgrading their internet services, improving their websites, and enabling staff to work remotely. This report highlights how many of the existing cybersecurity challenges were exasperated further by the impact of the COVID19 pandemic and are now more critical to mitigate. Our recommendations outlined in this report to enable SMEs to address these cybersecurity challenges are shaped towards this direction. The recommendations in this report was developed based on extended desktop research. This research was augmented by a two-month-long survey, where 249 European SMEs shared their feedback on their state of digital security and preparedness for crises such as COVID-19, and targeted interviews with selected participants followed. The research identified that the greatest challenges for SMEs are low awareness of the threats posed to their business by poor cybersecurity, the costs of implementing cybersecurity measures often combined with a lack of dedicated budget, the availability of ICT cybersecurity specialists, a lack of suitable guidelines aimed at the SME sector, and low management support. In summary, SMEs within the European Union appear to understand that cybersecurity is an important issue and that they are very reliant on their ICT infrastructure. Of the SMEs surveyed over 80% stated that cybersecurity issues would have serious negative impact on their business within a week of the issues happening, out of 57% saying they would most likely become bankrupt or go out of business. Despite this, SMEs do not seem to appreciate that cybersecurity is not something that impacts only larger organisations. Thus, SMEs need to realise the impact cybersecurity issues can have on their business. Many SMEs believe that cybersecurity controls that are included in the IT products they have purchased will suffice and that no additional security controls are necessary, unless mandated by regulations or Law. Our recommendations towards SMEs are three-fold: - people, - processes and - technical. They include keeping software up to date, applying strict access control rules, making use of cloud services, having a plan for cyber-incidents and many others. For a full list of recommendations, see Chapter 5. The report also includes recommendations for national and European authorities. The report is accompanied by a guide3, providing SMEs with practical 12 high level steps on how to better secure SMEs' systems and their business.
