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Design management class lectures_185322796-Lecture-2-SME-Management

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Lecture 2: SME in a Global Economy Course Code: Course Title: SME Management Learning Objectives  To define Small Business  To explore and identify strength and weaknesses of small business  The role of small business in the economy  Trends expected for small business History  Rooted back in 4000 years ago  Arab, Babylonians, Greeks, Jews, Romans et. al.  In 2100 B.C. Hammurabi, King of Babylon drafted a code of 300 laws to protect consumers and small business persons  During 1980s and 1990s, small businesses began to enjoy more esteem and importance in the economy What is a “small” business?  The Small Business Administration (SBA)  Independently owned and operated  Not dominant in its field of operation  < 500 employees  The Organization for Economic Cooperation and Development (OECD) and the U.S. Chamber of Commerce  Any firm employing fewer than 100 people  White House Conference on Small Business  < 500 employees  ...
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