Small and medium-sized enterprises (SMEs) in trade and tourism confront themselves with a rather precarious level of managerial training. Data collected by means of a field research on SMEs in Brasov city tends to support this view. The paper highlights some of the findings of the research in...

The aim of this paper is to emphasize the role of internet for small and medium-sized enterprises (SMEs) operating in the hospitality industry. First, some brief considerations are made on the growing importance of the internet for travel sales on the European market. Online marketing offers...

The European Union (EU) supports small and medium-sized enterprises (SMEs) through various programmes of financing. Thispaper starts by reviewing the recent literature related to the topic of EU funds accessed by SMEs. By means of a broad classification, the second section tries to shed a light...

This aim of this paper is to emphasize the role of strategy within small and medium-sized enterprises (SMEs) operating in trade. First, some brief considerations are made on the particular traits of strategy in trade SMEs as described in various studies. Then, the most important strategic...

This paper examines the economic and managerial impact of Romania’s accession to the European Union for small and medium-sized enterprises (SMEs) active in the field of tourism. First, a brief description of the tourism sector in the European Union is given, stressing the fact that this sector...

This paper examines the economic efficiency of SMEs active in the field of trade and tourism. The paper draws on survey evidence from SMEs in Brasov city. The research has been conducted between April-May 2005 on a number of 133 SMEs. According to a statistical database, research has been...

This aim of this paper is to emphasize the role of strategy within small and medium-sized enterprises (SMEs) operating in trade. First, some brief considerations are made on the particular traits of strategy in trade SMEs as described in various studies. Then, the most important strategic...

Romanian trade SMEs face a difficult period since the country’s accession to the European Union due to various reasons, such as competitive pressure from large retail chains and the increased regulatory burden stemming from EUnorms2. This paper analyses the situation of trade SMEs in Romania,...

This paper investigates the relationship between a country’s exports and foreign direct investment (FDI) by transnational corporations, with a focus on Romania. First, we lay out the theoretical background concerning the manner in which FDI shapes a country’s exports. Then, we give a short...

Romanian trade SMEs face a difficult period since the country’s accession to the European Union due to various reasons, such as competitive pressure from large retail chains and the increased regulatory burden stemming from EUnorms2. This paper analyses the situation of trade SMEs in Romania,...