Specifics of Management in Small and Medium-SizeudEnterprises in Serbia

摘要

Under modern conditions for performing business, an enterprise regardless of its size or business activity must be systematically directed and run. Small and medium-size enterprises have certain characteristics that make them considerably different compared to large systems, therefore it is not realistic to expect that the management process in such organizations would develop in the same way as in the large systems.udThe fact is that the small business often does not involve a small investment, and the managementudof small enterprises is constantly faced with the problem of "poverty of resources" that leads to theudconclusion that the success of SMEs is predominantly determined by the managerial skills ofudmanagers/owners. Assuming that the owners/managers of SMEs adequately perceive the capabilitiesudof their enterprise, make the right decisions, finding effective solutions in terms of organization andudapply modern approaches to control and the success of the company definitely will follow.udIn this paper theoretical and empirical research has been carried out with the aim to identify theudbasic characteristics of successful management of SMEs in Serbia. The research results indicate thatudthe managerial capacity of managers/owners of SMEs is the main strength of the company, and one ofudthe key sources of growth and development. When the influence of external factors is very unfavorableudfor business development, the management as an internal resource of organization is increasingly gaining importance in creating business success and competitive advantage.