Effects of Implementation of the Strategic Financial Planning for SMEs in Republic of Macedonia

Boshkoska, Meri (2015) Effects of Implementation of the Strategic Financial Planning for SMEs in Republic of Macedonia. In: Challenges in Business and Economics: Growth, Competitiveness and Innovations, 16.10.2015, Nis, R.Serbia.

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Abstract

SMEs are experiencing problems related to lack of funds in the current operations, which directly affects the power of companies to pay their obligations within the designated period of time. The reason for this situation arises as a result of the absence of financial management in SMEs which directly affects the failure of these companies. The purpose of this paper is to analyze the role of financial management and to identify the challenges of strategic financial planning for the survival and development of SMEs. This paper is expected to make a significant contribution to the existing literature by analyzing the challenges and effects of strategic financial planning in Macedonian SMEs and the impact of the implementation of this concept on the performance of SMEs. Additionally, the paper could cause academic interest in future development research.

Item Type: Conference or Workshop Item (Speech)
Subjects: Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions: Faculty of Economics
Depositing User: Mr Dimitar Risteski
Date Deposited: 12 Jul 2016 14:34
Last Modified: 12 Jul 2016 14:34
URI: http://eprints.uklo.edu.mk/id/eprint/120

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