DOI: 10.5937/jaes9- 1131
This is an open access article distributed under the CC BY-NC-ND 4.0 terms and conditions.
Volume 9 article 209 pages: 449 - 456
Small and mid-sized
enterprises (SMEs) represent one of the main generators of economic development
in every market economy. In the last thirty years the SME sector has been
successful all over the world, especially in newly industrialized and
transitional countries. The management process in SMEs is specifi c because
their business activities are performed in conditions of insuffi cient
resources. The development of SMEs is one of the crucial developmental priorities
in the Republic of Serbia. This paper represents a review and recommendations for
further developmenti of the developing capacities of SMEs in the Republic of
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