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(PDF) Impact of Small and Medium Enterprises SMEs

   

Added on  2021-01-03

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Research Project

Table of ContentsABSTRACT ....................................................................................................................................1TITLE:.............................................................................................................................................11.1 Overview of the Research ...............................................................................................11.2 Background of Research...................................................................................................21.3 Aims and Objectives.........................................................................................................31.4 Research Questions..........................................................................................................41.5 Gantt Chart.......................................................................................................................4LITERATURE REVIEW................................................................................................................62.1 Influence of development of new start-ups in Eastern Europe.........................................62.2 Impact of Small organisation on growth and Productivity of Romania...........................72.3 Relationship between new trend and development in Romania and growth of smallbusiness...................................................................................................................................9RESEARCH METHODOLOGY..................................................................................................113.1 Type of Research............................................................................................................123.2 Research design .............................................................................................................123.3 Data Sampling ...............................................................................................................133.4 Data Collection...............................................................................................................133.5 Ethical consideration......................................................................................................173.6 Resources........................................................................................................................18RESULTS .....................................................................................................................................18Conclusion and Discussion and Recommendations......................................................................30REFERENCES..............................................................................................................................33

ABSTRACT Main purpose of conducting research project is identifying the impact of developingsmall-medium size organisation in Eastern Europe after joining to the European Union. Thisdissertation based on different chapters which includes introduction, literature review, researchmethodology, results, data interpretation, conclusion and recommendation. In introductionchapters different information related to the research project includes such as aims, objectives,questions, reason behind conducting research and many other important details. All these areessential and valuable for completing each and every activities of research in an appropriate andaccurate manner. In literature review, different number of authors and writers provide theiropinion about the research topic. Literature review is a part of secondary research which help aninvestigator to collect accurate and appropriate amount of information from the selectedrespondents. On the other hand, under methodology, different number of methods are used suchas research approach, sampling, qualitative and quantitative, primary and secondary datacollection tool i.e. questionnaire. It is prepared by the researcher to gather accurate and relevantamount of data from the participants about the research topic. One of the main reason ofconducting dissertation is to analysis impact of developing SMEs business organisation inEastern Europe after Joining the European Union. As per the questionnaire, more than half of therespondents out of 30 are agree as development of small organisation in Eastern Europe highlyimpact on growth and productivity of Romania in a direct manner. As per the conclusion,success and growth of country is depend on the SMEs. There are some recommendation to thesmall organisation to develop their business operations in different countries which highlyimpacted their progress and success in direct way. 1

TITLE: “To determine the influence of developing small - medium size business in EasternEurope after joining to the EU: - A case study on Romania”1.1 Overview of the ResearchSmall and medium size businesses plays a very important role in the overall growth aswell as development of the economy, thus it becomes crucial to manage these SME Businesseffectively over period of time (Audretsch, Belitski and Desai, 2015). There is a diverse impacton business in eastern Europe when this part of the Europe has decided to enter into EuropeanUnion, Especially SME Business has seen effective growth due to the fact that various benefitshas been derived by these businesses through efficient policies of the EU regarding growth anddevelopment of SME Businesses. A proper research in this regard would give a better idea as towhat benefits and drawbacks are there for Eastern Europe after their decision to join EuropeanUnion (Babajide, 2012).1.2 Background of ResearchThe present research will try to outline the various benefits that are being derived by theSME sector of Romania, once the country has decided to get into European Union. The researchwill also help in specifying the various disadvantages that are there for entering the EU. Thesedisadvantages can be with regards to restrictions that will be imposed by the organisation and itsadverse effects on the working of SME Sector. Romania is the 12th largest country as well as itamong the most nations in EU. Thus, it is essential to make sure that right kind of policies ismade for the 20 million people of the country. The country is having a GDP of 0.5 TrillionDollars with a per capita income of around 26,000 dollars. A detail discussion will be carried outon the SME Sector within the country and its impact on Romania’s Economy in general underthe current research (Bayne, 2017).Romania is a semi-presidential republic and a part of European Union. The nation hasjoined the EU since 2007, when they joined together with neighbouring Bulgaria. The onlyjunior member of the EU is Croatia as the nation joined in 2013. Romania decided to join EU inEastern Europe in which different number of small-medium size business are developed thateffect on that country in direct manner. Small business is an independently operated and ownedorganisation that is limited in revenue and in size depending on the industry. One of the best2

example of small business is local bakery store that employs 10 people. A manufacturing facilitythat workers less than 500 people is another example of small entity (Bendell, 2017). Therefore,Small and medium size organisations are businesses that keep assets, number of employee orrevenues. In simple word, small scale organisation is business that have small number ofemployees and does not have maximum amount of sales. Such type of business are generallyprivately operated and owned corporations, partnership and proprietorships. Eastern Europe isthe part of European Continent. This is formed by nations with dominant Eastern Orthodoxchurches such as Belarus, Republic of Macedonia, Bulgaria, Greece, Moldova, Russia, Serbia,Montenegro, Romania and Ukraine for instance. Along with this, in developing small businessorganisation in Easter Europe is highly effect on nationality and company. Main requirementsand needs to join the European Union, if any nation that fulfil the conditions or needs formembership can follow. Such kind of situations are identified as the Copenhagen criteria andcover a free-market economy, rule of law, stable democracy and the acceptance of the entireEuropean Union legislation or rules, including of the euro. Main reason behind conducting thisdissertation is to identifying the impact of development of start-ups in Eastern Europe. Thus,development of small organisation is Eastern Europe is highly influences on productivity andgrowth of Romania directly (Gereffi, 2014). Beside this, researcher needs to identify relationshipbetween developments and new trends in Romania and small business growth. Thus,development of SMEs impact on country growth and development directly. Research is moreessential and significance part because it help an investigator to analysis proper and accurateinformation about the topic. Large number of small organisation are work under Eastern Europethat externally impact on Romania in direct manner. Research is also more valuable and usefulfor the investigator to analysis the imp[act of development of small-medium organisation ingrowth and success of specific country. This part of research also support an investigator toovercome chances of issue and difficulties. 1.3 Aims and ObjectivesThe aim of this research project is “To determine the influence of developing small -medium size business in Eastern Europe after joining to the EU: - A case study on Romania”.Research objectives, on the other hand, are the proper strategies which described the way toachieve research aim (Burns, 2016). All steps which take need specific lists of tasks in order toattain goals of research project. It is identify as a main part of research which is based on3

research title. Well-designed and proper aims develop clear relation between research projectand the more. It is important and essential part of research project because research objectivesand questions are highly depended on this. Main aim of this dissertation is to “To identify theimpact of developing small - medium size business in Eastern Europe after joining to the EU: - Acase study on Romania”Research objectives should be sensible and precisely decided (Obeng, Robson andHaugh, 2014). They make an accurate use of concepts as well as data. Research objective is amain part of the Dissertation (Czaika and De Haas, 2014). This section is based on two variables,one is dependent and other one is independent. In this research project, growth of Eastern Europeis dependent on developing small-medium size organisation after joining to the European Union.In this, researcher need to make some important and useful objectives which will help incompleting all research activities properly and systematically. There are few research objectiveswhich is based on research aim is determined as under: To determine the influence of development of new start-ups in Eastern Europe.To identify the impact of Small organisation on growth and Productivity of Romania.To analyse the relationship between new trends and developments in Romania andgrowth of small business.1.4 Research Questions This is another important and useful section of research project which is mainly based onresearch objectives. Beside this, different questions are made according to objectives which isessential for the researcher in order identify importance and concept of research topic (Doh andKim, 2014). There are some questions according to objectives which are determined as under:What is the influence of development of new start-ups in Eastern Europe?What is the impact ofSmall organisation on growth and Productivity of Romania?What is relationship between new trends and developments in Romania andgrowth ofsmall business?1.5 Gantt ChartA Gantt chart specifies the schedule of activities that were conducted for the purpose ofmaking this report and what was the duration for the same. It helps a reader in getting abackground of the research and understands the sequence in which the research has taken place,so as to get a better view of the whole report in an effective way (Piergiovanni, Carree and4

Santarelli, 2012). The following Gantt chart gives an effective explanation of the research’sactivities as well as duration:5

LITERATURE REVIEWA literature review is identify as an evaluative report of data analysis in the literaturerelated to chosen field of study. Review about literature should determines, evaluate, summariseand clarify information (Jacoby, 2014). It is identify as one of the important and essential sectionof research because in which different number of authors and scholars are give their point ofview about the research topic. 2.1 Influence of development of new start-ups in Eastern Europe Romania is one of the biggest country of Eastern Europe and the current policies as wellas regulations of the governments in whole eastern Europe has recommended a more liberalpolicies for the start-ups and Small businesses. The aim is to generate employment on local leveland also ensures a higher level of per capita for people who have been deprived of a higherincome up till now (Li and Rama, 2015). Major countries within the eastern Europe has able torecognise the fresh talent in terms of youth that they possess, which they now want to capitaliseinto by giving them a better level playing field for as well as effective performance over periodof time. Studies have suggested that Its way much easier to start a company in countries likePoland and Romania then in Big countries like UK and France. This is because, the restrictionsand policies of the government for fresh start-ups and SME’s is not much and they have made abetter investment climate in their concerned regions, which has further boosted the overallsentiments of entrepreneurs as well as businessman. The investment in early stages of business inEastern Europe has risen from 10 million$ to 230 million$ that is a huge increase and is growingrapidly as well. There are around 30,000 start-ups in Eastern Europe and these have contributedin the overall growth of the economy of these countries over period of time ( A quick tour ofEastern Europe’s startup hubs, 2018). The availability of the resources in Eastern Europe is notas much as Western Europe but this has not made them feel discouraged and they tried to keepup the pace with Western Europe by drawing a large amount of investment within themselves.The countries in Eastern Europe are now trying to open up their economies more, which hascreated a better and effective business environment that leads to higher growth of small businessin the longer run (Rudina, 2013). As per the point of view of Ciszewski, (2017) Different of them target the internationalmarket and implement their products or services in that country, and various seek most of their6

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