DETERMINANTS, MEASUREMENT AND MANAGEMENT OF PERFORMANCE IN SMALL AND MEDIUM-SIZED ENTERPRISES
DOI:
https://doi.org/10.17770/jresd2022vol14.6975Keywords:
small and medium enterprises, performance, growth, performance measurement and managementAbstract
Small and medium-sized enterprises (SMEs) are considered the backbone of economic growth, as they play a vital role in the economic development of any country, they contribute to the provision of job opportunities and act as suppliers of goods and services to large companies. Despite the role of SMEs in national economies, as well as their importance in promoting competitiveness and employment, the author believes that the SMEs performance determinants and their impact on performance measurement and management have not been sufficiently studied in Latvia. The aim of the research is to explore the SMEs performance determinants and their impact on performance measurement and management. The research is based on the analysis of scientific publications. General research methods are used in the research: information analysis and synthesis, logically – constructive, monographic, data grouping and graphical representation methods. As a result, the impact of the SMEs performance determinants on the measurement and management of SME performance are explored, and the conceptual framework for measuring and managing SME performance is developed.
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