Strategies of the Development of Entrepreneurship and SME
Strategies of the Development of Entrepreneurship and SME
Strategies of the Development of Entrepreneurship and SME
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REPUBLIC OF SERBIASTRENGHT• Longer entrepreneurial tradition in comparisonwith o<strong>the</strong>r transitional economies;• Deeply rooted history in self regulation <strong>and</strong>self management <strong>of</strong> enterprises;• Considerably large number <strong>of</strong> alreadyregistered <strong>SME</strong>s <strong>and</strong> entrepreneurs;• Relatively good financial results <strong>of</strong> <strong>the</strong>existing <strong>SME</strong>s-OPPORTUNITY• Privatization process;• Opening <strong>of</strong> Serbia after <strong>the</strong> period <strong>of</strong> sanctions(export opportunities);• Qualified labour force;• Domestic market development (increase indem<strong>and</strong>);• Policy <strong>and</strong> measures undertaken by <strong>the</strong>Government <strong>of</strong> <strong>the</strong> Republic <strong>of</strong> Serbia topromote <strong>SME</strong> sector <strong>and</strong> entrepreneurial spirit.WEAKNESS• Lack <strong>of</strong> financial resources;• Unfavourite tax policy <strong>and</strong> administrativebarriers;• Lack <strong>of</strong> law on micr<strong>of</strong>inancing hinders <strong>the</strong>development <strong>of</strong> selfemployment;• Lack <strong>of</strong> new technologies <strong>and</strong> knowledge incertain sectors;• Limited number <strong>of</strong> vital large enterprises tocooperate with;• Concentration on trade ra<strong>the</strong>r than onproduction;• Weak <strong>SME</strong> support institutional infrastructure.THREATS• Not stable political background, due tounstable destiny <strong>of</strong> Kosovo lot <strong>of</strong> efforts spendon political debates;• Not enough stimulating business environment;• Gray economy;• Liberalisation <strong>of</strong> foreign trade <strong>and</strong> strongercompetition on <strong>the</strong> domestic market;• Foreign companies entering domestic marketSource: (1) SWOT <strong>of</strong> <strong>the</strong> <strong>SME</strong> sector in Serbia <strong>and</strong> Montenegro, <strong>SME</strong>s in CITs, UNECE, New York &Geneva, 2006, http://www.unece.org/indust/sme/smepub03.pdf(2) ERENET analyses, 2007.(3) Eric Dejan, 2007150
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