Keywords
Economy, Finace, Acconting, Audit, business.
Abstract
Small businesses represent the driving force of an economy. They are the key that enables the production and marketing of thousands of products and services thus becoming the basis for a sound economic development. Consequently, small businesses are of vital importance to the economy.
Small business is a generator of innovation and a source of new jobs. The trend shows that small businesses are the backbone of all developments and movements in the economic system.
The small business scope is present in almost every pore of social and economic life.
According to the Statistical Register for Businesses, there are 9,358 micro-enterprises, 55 small enterprises, 7 mediumsized enterprises and 1 large enterprise.
According to size, enterprises in Kosovo are classified into micro-enterprises when they have 1 to 9 employees, small enterprises with 10 to 49 employees, medium enterprises 50 to 249 employees) and large enterprises with over 250 employees.
Approximately 99% of businesses in Kosovo are registered as small businesses. For any business the main purpose of existence is to make a profit. Businesses are constantly trying to compete or adapt to fierce competition. Due to the fact that small businesses are much more fragile and sensitive to movements and trends from the macro environment for that reason also the chances of failure are much greater. Small businesses therefore require good management in order to be successful in their struggle for survival.
The management of small enterprises differs from country to country due to many factors, starting from the legal framework, economic system, competitiveness, economic development, stage of economic development, etc. Accordingly, the management of small business requires an extremely large flexibility, which will adapt to economic flows and the trend of moving towards higher results and profits.
Exactly the topic of this research will be the management of small enterprises in the Republic of Kosovo, showing it with all its specifics. What are its strengths and weaknesses and how much the management and management of small business has an impact on the performance of small business in Kosovo will be analyzed and discovered during this research period.
Recommended Citation
Berisha, Burim Isa Dr.sc and Berisha, Burim B.B
(2025)
"MANAGEMENT OF SMALL ENTERPRISES AND FAMILY BUSINESSES IN THE REPUBLIC OF KOSOVO,"
International Journal of Business and Technology: Vol. 11:
Iss.
4, Article 3.
Available at:
https://knowledgecenter.ubt-uni.net/ijbte/vol11/iss4/3
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