engleski

Impact of COVID 19 on SMEs

Small and Medium Sized Enterprises (SMEs) are major driver of economies worldwide. Due to their characteristics they are exposed to various risks whose severity and probability of influence is highly increased due to the global economic shock caused by the Covid 19 pandemic. In this paper, we try to analyse major risks that SMEs are exposed to in this new surroundings that is unprecedented in its uncertainty, severity and complexity as well as the ways small businesses are responding to them. Analysing numerous studies that are dealing with this topic, as well as official statistical data, we will compare SME sector in Republic of Croatia with SME sector in other EU and non EU countries and discuss our main findings on the key issues they have in managing their enterprises in these new circumstances. It is obvious that there are many similarities between the exposure of SMEs to some specific risks, but there are also country-specific issues that are very different among SMEs in analysed countries.

SMEs ; Management ; Risks

nije evidentirano