Is the current situation of small and medium enterprises (SMEs) conducive to attaining their economic expectations?

Banham, Heather C. and Wiesner, Retha (2006) Is the current situation of small and medium enterprises (SMEs) conducive to attaining their economic expectations? In: CCSBE 2006: Entrepreneurship, SMEs, and Local Economic Development, 28-30 Sep 2006, Quebec, Canada.

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There are high expectations for growth and performance of Small and Medium Enterprises (SMEs) in the current economic environment. SMEs are expected to play a significant role in the development plans for Asia Pacific, Canada, British Columbia and the Okanagan region (Asia Pacific Economic Cooperation 2002, Canadian Federation of Independent Business et al, 2002, and Economic Development Commission 2002). While these expectations have been clearly articulated in national and international circles, very little has been heard from the SMEs themselves. This study attempts to listen to the SMEs in the Regional District of the Central Okanagan (RDCO) to determine whether they are confident that they can meet the economic expectations to provide employment growth and investment opportunities. The results show that while SMEs confidently predict increases in sales revenues and have plans to increase the numbers of employees, they have less confidence about their ability overall to meet these economic expectations. This is largely due to the highly changing regional, national and international environment in which they operate.

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Item Type: Conference or Workshop Item (Commonwealth Reporting Category E) (Paper)
Refereed: Yes
Item Status: Live Archive
Additional Information: Authors retain copyright.
Faculty / Department / School: Historic - Faculty of Business - Department of Management and Organisational Behaviour
Date Deposited: 11 Oct 2007 01:15
Last Modified: 02 Jul 2013 22:47
Uncontrolled Keywords: organizational change; organisational change; SMEs; change management
Fields of Research : 14 Economics > 1402 Applied Economics > 140202 Economic Development and Growth
16 Studies in Human Society > 1608 Sociology > 160805 Social Change
15 Commerce, Management, Tourism and Services > 1503 Business and Management > 150314 Small Business Management
Socio-Economic Objective: B Economic Development > 91 Economic Framework > 9104 Management and Productivity > 910402 Management

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