Journal Article

ECONOMIC AND SOCIAL FACTORS IMPACTING SMALL AND MEDIUM-SIZED ENTERPRISES IN ISRAEL

DAMARI, Guy

2021

Overview

The development of local entrepreneurship has become an integral part of the urban culture, creating an interest in the impact of small and medium-sized enterprises on the local economy, the satisfaction of the residents and their desire to remain in the city and bring up the next generation in their place of residence. A qualitative research approach, using semi-structured interviews with stakeholders of small and medium-sized enterprises in several cities in Israel was adopted to examine the situation of small and medium-sized enterprises from an economic, and social perspective. The findings indicated that while the local businesses fulfill a role in the social fabric of the city by connecting residents to their urban place of residence, the small and medium-sized enterprises are struggling economically, since they are faced with heavy competition from chain stores, malls and trading centers established in the peripheral regions.

• Publisher: Universitatea Babes-Bolyai,Journal Studia Europaea,Babeș-Bolyai University
• Subject: Balance sheets / Chain stores / Cities / Companies / Content analysis / COVID-19 / Economic aspects / Economic development / Economic factors / Employees / Employment / Entrepreneurship / GDP / Gross Domestic Product / Interviews / Local businesses / Local economy / Peripheral regions / Population / Qualitative research / Residence / Residents / Retail stores / Satisfaction / Shopping centers / Shopping centres / Small & medium sized enterprises-SME / small and medium-sized enterprises (SMEs), economy, central authority, local authority, entrepreneur / Social aspects / Social factors / Sociocultural factors / Trading / Urban areas / Urban population