MEANINGS OF SMALL BUSINESS AND ITS MANAGEMENT

VLĂDUŢ-SEVERIAN IACOB, ROXANA MIRONESCU

Abstract

To achieve the goals, small businesses operate less formally entering into the area inaccessible resources or insignificant for large enterprises. Having flexible management, small business folds easily to market requirements, this way it discovers more opportunities. They are important in the economy of any country being considered the main creator of jobs. The arguments of implementing such an undertaking are the opportunity for profit in a particular activity by people with initiative. This study aims to induce the reconsideration of the small business’ role of in economic life by detailing interesting aspects, but especially useful for understanding this "phenomenon", especially in Romania.

Keywords

small business, entrepreneur, innovation, management, initiative, economic growth, development

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