The Nature of Growth of SMEs in Developing Economy: A Case of Medium-Sized Enterprise in Thailand

摘要

Small and medium-sized enterprises (SMEs) are the backbone of the economy, especially in developing countries, contributing to a major part of employment and gross domestic product (GDP) of the countries. Generally, policy makers try to come up with a variety of measures to support and boost the growth as well as competitive advantages of SMEs in order to stimulate the economic sustainability of the countries. Thus, the understanding of the nature of growth of SMEs would play an important role in supporting the appropriate policies for the development of the countries. This paper examines the nature of growth of SMEs in developing country, by using the medium-sized enterprises in Thailand as a case study. Need assessment of the enterprises as well as gap analysis between the expected state and the current state of the enterprises were performed in order to identify the development roadmap for the enterprises. This study also presents the policy recommendation for the development of SMEs according to need assessment and gap analysis activities.