Since science recognizes the fact that an enterprise passes through different life cycle stages, and that life cycle stages differ in terms of management systems, formal structures, control systems, documentation of transactions, and number of procedural hurdles, our main research problem was...

An SME is able to cope with the global challenge if it runs reliable, balanced and high-standard operation in its business. There are different possible management methods for increasing the competitiveness of SMEs. In the last few years competitiveness of SMEs isalso analyzed on state level. It...