ON THE DEVELOPMENT OF SMALL AND MEDIUM ENTERPRISES

This paper is concerned with growth processes, growth dimensions and conditions for growth, especially for small and medium enterprises. It is shown the importance of a strong management mentality, capable of providing an appropriate organizational arrangement and supporting competitive growth. A firm's growth has a significant value because it means a movement forward, but how a certain growth is achieved is much more important. The growth of an organization, the technologies that are being used along all its activities, and business strategies that have been formulated are strictly related and also organizational culture deals with technologies and growth. In order to grow and be successful, SMEs must adjust their management and must follow the market tendencies.