The business environment and phases of development of small and medium-sized enterprises

Abstract

The subject literature distinguishes several factors that determine the establishment, survival , operations and development of micro, small, and medium-sized enterprises in particular regions. In this article, the author presents a classification of these factors in terms of whether they are barriers or stimulators. On this basis, the author explains the influence of regional environment (meso-environment) factors on the development of small and medium-sized enterprises in various phases of their life cycles.business life cycle, business environment, small and medium-sized enterprises (SMEs)