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Basic characteristics of small and medium-sized ...

Basic characteristics of small and medium - sized enterprises in terms of their strategic management. Monika B ezinov Faculty of Economics JCU esk Bud jovice, Czech Republic brezina Abstract The strategic management represents current direction of management. It is applied in all types of enterprises, including small and medium sized ones. Using principles of process management within SMEs has its limitations caused mainly by the size of the enterprise and the related focus on operational management. Other specifics are function accumulation, informal leadership, preference of oral communication to written, etc.

in-depth interviews. For the classification of small and medium-sized enterprises a new definition of the European Union was used (European Commission: A new definition of

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