Explore strategic issues in SME management.Critically evaluate contemporary issues relating to SMEs.
Module summary content and aims
The department of Business Innovation and Skills estimates that 99.9% of all private sector businesses in the UK were SMEs. The vast majority of all businesses are small businesses. Even larger firms were once very successful small businesses.
“Since the late 20th century we have come to realise that new forms have done more to create wealth than firms at any time before them – ever! 95% of the wealth in the USA was created since 1980.”
This module is designed to give you an insight into the nature of SMEs and the people that run them.
You will engage in a consultancy type project in which you will undertake an evaluation of a small
business and develop a growth, or development strategy for them.
The aim of the module is to provide students with the opportunity to:
1. Critically evaluate contemporary issues relating to SMEs
2. Explore strategic issues in SME management
3. Explore alternative routes of business development in SMEs
4. Investigate and evaluate diverse business development methods in SMEs
5. Analyse financial aspects of business expansion in SMEs
6. Critically appraise change and development processes in SMEs