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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TURKEYSTRENGHT• They have a vital role in reducingunemployment.• ˆIncreasing awareness for <strong>the</strong> adoption <strong>of</strong>modern production techniques.• Developing political commitment for <strong>the</strong>design <strong>and</strong> implementation <strong>of</strong> <strong>SME</strong>spolicies• Increasing motivation for innovation <strong>and</strong>entrepreneurship.• Working with a high proprietary interestrate, which makes enterprises lessvulnerable to financial crises.• Existence <strong>of</strong> pro-active, bottom-upinitiatives in favour <strong>of</strong> innovationOPPORTUNITY• Discussion <strong>of</strong> <strong>SME</strong>s <strong>and</strong> related policiesat a number <strong>of</strong> platforms.• EU membership process <strong>of</strong>fers newopportunities for <strong>SME</strong>s.• Strategy <strong>and</strong> action approach towards<strong>SME</strong>s is accepted by government.• Fur<strong>the</strong>r opening <strong>of</strong> <strong>the</strong> economies in <strong>the</strong>Balkan, Black Sea, Mediterranean, <strong>and</strong>Middle East countries.• New structural funds.• Increasing education <strong>and</strong> trainingactivities.• Technical infrastructure for IPRRegulations.• Increasing education <strong>and</strong> trainingactivities.WEAKNESS• Inadequate supply in VC, PE, etc. forstart-ups.• Inadequate use <strong>of</strong> modern marketing <strong>and</strong>business techniques.• Deficiency in quality <strong>and</strong> br<strong>and</strong>ing, aswell as qualified labor force.• Insufficient level <strong>of</strong> institutionalization<strong>and</strong> specialization.• Inadequate continuous monitoring <strong>and</strong>evaluation system for <strong>SME</strong>s policymeasures.• Low private <strong>and</strong> public expenditures onR&DTHREATS• High tax <strong>and</strong> social insurance payments.• Issues regarding communications,information <strong>and</strong> trust could not yet beovercome in some areas.• International political <strong>and</strong> economicuncertainty <strong>and</strong> instabilities in Turkey’sneighborhood.• Insufficient education level <strong>of</strong> <strong>SME</strong>owners <strong>and</strong> employees as well asinadequate skilled labor.• Low participation in lifelong learningprograms.Source: Dr. Dilek Centindamar, Sabancini University, <strong>and</strong> Umut Yilmaz Cetinkaya, 2007151