Naslov
The Challenges of survival of small and medium enterprises of Eastern Croatia in business transfer processes

Autori
Alpeza, Mirela ; Mezulić Juric, Petra ; Oberman Peterka, Sunčica

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
5th International Scientific Symposium Economy of Eastern Croatia - vision and growth / Mašek Tonković, Anka - Osijek : Ekonomski fakultet Sveučilišta Josipa Jurja Strossmayera u Osijeku, 2016, 80-90

Skup
5th International Scientific Symposium Economy of Eastern Croatia - vision and growth

Mjesto i datum
Osijek, Hrvatska, 04.06.2016. - 06.06.2016

Vrsta sudjelovanja
Ostalo

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
small and medium enterprises; business transfer; business transfer ecosystem

Sažetak
In the life cycle of entrepreneurial ventures, in addition to start-up and company growth, business transfer represents the third critical stage of development. The most common factor that encourages the initiation of the business transfer process is company owner's age, that is, retirement. It is estimated that each year in the European Union around 450, 000 companies with around 2 million employees go through the business transfer process, and that the issue of business transfer is not adequately approached in approximately 150, 000 companies, which jeopardizes around 600, 000 jobs (European Commission, 2011). Underestimating the complexity and longevity of the business transfer process can have significant negative implications for companies, their owners, as well as for a wide network of stakeholders – company owner's family members, employees, suppliers, buyers, banks, local self-government and the national economy in general. Business transfer is an especially important topic for the economy of Eastern Croatia, because of the significant number of owners of small and medium enterprises who are older than 55 years who will in the near future have to deal with the issue of the sustainability of the company after their withdrawal from the business. Previous studies have identified the key components of business transfer ecosystems on which it is necessary to build a support system for the owners of small and medium enterprises, which are in the phase of preparation or implementation of these processes (Van Teeffelen, 2012, European Commission, 2013). The aim of this paper is to analyse the quality of the business transfer ecosystem in Eastern Croatia and the readiness of individual actors and components of the ecosystem to provide support to owners of small and medium businesses in the business transfer process. In the conclusion of the paper, policy recommendations for improving the quality of the business transfer ecosystem in Eastern Croatia are identified.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA