Small And Medium Enterprises
Small and medium enterprise or small and medium-sized enterprise (SMEs, small and medium-sized businesses, SMBs and variations thereof) are companies whose personnel numbers fall below certain limits. The abbreviation "SME" is used in the European Union and by international organizations such as the World Bank, the United Nations and the World Trade Organization (WTO). In most economies, smaller enterprises outnumber large companies by a wide margin. SMEs are said to be responsible for driving innovation and competition in many economic sectors.
Read more about Small And Medium Enterprises: Europe, United States, India, Kenya, Canada, New Zealand, Nigeria, Israel
Famous quotes containing the words small, medium and/or enterprises:
“By all but the pathologically romantic, it is now recognized that this is not the age of the small man.”
—John Kenneth Galbraith (b. 1908)
“In the one instance, the dreamer ... loses sight of this object in a wilderness of deductions and suggestions ... until ... he finds the incitamentum, or first cause of his musings,... forgotten. In my case, the primary object was invariably frivolous, although assuming, through the medium of my distempered vision, a refracted and unreal importance.”
—Edgar Allan Poe (1809–1849)
“There is nothing man will not attempt when great enterprises hold out the promise of great rewards.”
—Titus Livius (Livy)