Small to medium enterprises smeaustralia.asn.au/resources/education
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Transcript of Small to medium enterprises smeaustralia.asn.au/resources/education
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SMALL TO MEDIUM ENTERPRISESHTTP://WWW.SMEAUSTRALIA.ASN.AU/RESOURCES/EDUCATION
Mr.Sassine
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TERM THREE
Business planning :Duration six weeks
Depending on progress with topic revision before exams, hopefully one or two weeks.
Homework: Will be practice questions on what we are learning: Hand in some times and marked in class: Designed to help you so do it!
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DEFINITION
No universally accepted definition of a Small to medium enterprise (SME)
A number of qualitative measurements (those based on personal observations and a description of the business) and quantitative measurements (statistical calculations) have been used to determine whether a business is a small or medium enterprise business.
So what's with the photo???
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AUSTRALIAN BAURU OF STATISTICS CLASSIFICATION SIZE OF A BUSINESS
Micro: Fewer than 5 employees
Small: Between 5-19 employees
Meduim:between 20 and 199 or more
employees
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The definition of a small to medium enterprise will now align with that used by the Australian Bureau of Statistics.
A small business is defined as a business employing less than 20 people and a medium business (excluding agriculture) is defined as a business employing 20 or more people but less than 200.
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SO WHAT IS THE ROLE OF SME’S...
Role of SME’s
Employ 73% of people working in the private sector
Created 80% of Australia’s employment in the last ten years
Generate an increasing amount of
exports
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ECONOMIC CONTRIBUTION OF SME’S
Economic growth occurs when a nation increases the real value of goods and services over a period of time.
A common measure to check if economic growth is occurring is to compare economic growth to real GDP growth. Gross Domestic product allows us to examine how much goods and services we are producing compared to the previous year.
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HIGHLIGHTS THE STRENGTH OF SME’S EVEN THROUGH THE GFC
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CONTRIBUTION TO EMPLOYMENT
In 2009-2010 SME’s employed about 7.5 million people. Representing 73% of private sector employment.
During economic downturns such as the Global Financial Crisis in 2008-2009, SME’S were more likely to retain their existing employees than large businesses.
SME’s also pay large amounts of taxation. Taxation is used to pay for goods and services that will be of benefit to the whole economy.
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CONTRIBUTION TO EMPLOYMENT
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WHO WILL CREATE THE JOBS???
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SO WHAT IS THE ROLE OF SME’S...
http://www.smeaustralia.asn.au/sitebuilder/newsmedia/knowledge/asset/files/38/revised3.pdf
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CONTRIBUTION TO THE BALANCE OF PAYMENTS
SME’s have started to export and make use of overseas markets.
Globalisation of the word “One global economy”.
Encourage a positive balance of payments as SME’s have now made use of the global market. When you export (out of the country ie:Iron ore, more than you import into the country, new technologies: IPAD).
AUSTRADE, is encouraging SME’s to export to overseas markets.
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GOVERNMENT ASSISTANCE: AUSTRADE
http://www.austrade.gov.au/Assistance-from-Austrade
Assistance from Austrade “Austrade provides information and advice to assist Australian
companies reduce the time, cost and risk of exporting. We also provide a range of trade services to Australian exporters looking to grow their business in growth and emerging markets, where there is strong demand for our services and where we can add the most value. These markets include Asia, Africa, the Middle East, Latin America and Russia”
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CONTRIBUTION TO INVENTION AND INNOVATION
Invention: Something new
Innovation:Improvment on an existing product
Finding new ways to do things results in increased efficiency and productivity
However Small to medium enterprises often have difficulty in obtaining finance when it comes to undertaking research and development for new products
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OVER TO YOU...
In groups of two, you are going to analyse case-studies relating to small to medium enterprises
Task purpose: To assess you levels of understanding
Will share answers next lesson