Boskov, Tatjana and Drakulevski, Ljubomir (2019) The Role of Strategic Management In SMEs International Business Up-Grading. IJIBM International Journal of Information, Business and Management, 11 (1). pp. 34-43. ISSN 2076-9202 (Print)/2218-046X (Online)
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Abstract
Strategic management is a relatively new scientific discipline, whose goal is to enable the company to
work in the modern business environment and the everyday changes that businesses face, both from
outside and from the inside. The main goal of strategic management is to equip the company to new
operating conditions dictated by market and technical and technological changes, seize opportunities in
terms of profit and avoid the threats from uncontrolled factors. So taking this into account, the challenges
for SMEs development are multi-dimensional. As trade barriers, transport and communication costs fall,
SMEs are required to add more value to their products to stay ahead and compete with lower cost rivals.
Consumer demand is changing rapidly as incomes rise and choices increase when imported products
become easily available in domestic markets. Competition within the developing world for export
markets, foreign investment and resources is also intensifying.
This was motivation to focus in this paper on SMEs, its export competitiveness, business strategies,
access for financing and the impact of strategic management. Enhancing SME competitiveness requires
creation of enabling legal, regulatory and administrative environments and capable institutional structures,
and most importantly human capital and a sustainable environment. Public and private sectors in
transition and developing countries must work together to improve the functioning of markets at home,
while intensifying efforts to integrate into the world economy.
| Item Type: | Article |
|---|---|
| Subjects: | Social Sciences > Economics and business |
| Divisions: | Faculty of Tourism and Business Logistics |
| Depositing User: | Tatjana Boskov |
| Date Deposited: | 02 Nov 2018 11:02 |
| Last Modified: | 02 Nov 2018 11:02 |
| URI: | https://eprints.ugd.edu.mk/id/eprint/20696 |
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