MANAGEMENT

Detailed explanation-1: -One of the most important influences when establishing a SME is staffing. If a SME owner decides to hire staff, many sources are available. The overriding recruiting objective is to attract a pool of qualified applicants with the most suitable skills.

Detailed explanation-2: -Nationality of a person doesn’t affect him being an entrepreneur. The factors like Education applies to the knowledge of an entrepreneur, the working experience of an entrepreneur helps in the workings of the business, most importantly the personal values of achievement and ethics helps in growth of an entrepreneur.

Detailed explanation-3: -For our purposes, we divide them into five categories: technical, hybrid, instructional, functional, and sentinel SMEs. Each of these classifications has specific characteristics and contributes to our work in unique ways. Not all SMEs are created equal, and this is a real advantage for trainers.

Detailed explanation-4: -In small and medium-sized enterprises (SMEs) employ fewer than 250 people. SMEs are further subdivided into micro enterprises (fewer than 10 employees), small enterprises (10 to 49 employees), medium-sized enterprises (50 to 249 employees). Large enterprises employ 250 or more people.