Small and Medium Enterprises: Challenges, Strategies, and Government Support

This report discusses the challenges faced by small and medium enterprises (SMEs) and the strategies they adopt for growth and development. It focuses on Car wow, a UK-based automotive organization, and explores the nature of entrepreneurship, the business start-up process, the business concept and competitive advantages, and the challenges of managing and running an SME. It also discusses the growth and development strategies of SMEs and the government support schemes available for them. The report concludes with recommendations for designing growth policies and managing change issues in SMEs.