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Government policy towards SMEs

Posted: Sun Dec 22, 2024 10:05 am
by udoy
Supporting the development of small and medium-sized enterprises (SMEs) This requires appropriate macroeconomic policy, a reduction in the budget deficit, rationalisation of expenditure, control of inflation and a reduction in the borrowing needs of the State. This will increase the availability of external financing for SMEs and reduce their costs. In addition, lower tax rates, the introduction of flexible depreciation rules and the simplification of bureaucratic procedures support the philippines phone directory search development of SMEs .

Also important are the provision of consulting services , improved access to business information, expansion of the credit guarantee system and the development of the system of equity financing by high-risk institutions. These measures create favourable conditions for the development of SMEs and contribute to economic growth.

Business registration

What is the business sector like in Poland? Analysis by the Central Economic Information Centre (COIG) shows that in the period from March 2023 the following companies started their activity: 34,868 entities , of which 6,063 are in the KRS . The available data show that in the period from January to March 2023, 98,056 companies started their activities . This represents an increase of 3.27% compared to the same period in 2022 ( 94,954 companies created ).

The largest number of companies registered in the Register of Entrepreneurs of the National Court in April 2023 started their activity in the construction sector 18.9% . Wholesale and retail trade and the repair of motor vehicles, including motorcycles, also occupied the top positions 16.3% and professional, scientific and technical activities 10.5% .

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The largest number of company registrations occurred in Mazowieckie Voivodeship ( 18.8% ), Silesia ( 10.0% ) and Małopolskie ( 9.8% ). These companies predominated in the segment of small and medium-sized enterprises, employing less than 50 employees .


And the employees?

In March 2023, employment in the business sector amounted to 6,516.8 thousand FTE , which was an increase of 0.5% compared to March last year. The average monthly salary was PLN 7,508.34 gross and was 12.6% higher than in March last year .

When to decide on a strategic alliance?

Posted: Sun Dec 22, 2024 10:34 am
by udoy
The main factor that drives companies to decide on a strategic alliance is risk reduction. Cooperation between two or more companies means that the risks of the project are shared between the partners, each of which retains its organisational independence. In addition, the costs of the union are lower than those of an investment made by each party separately, which in turn allows the company to diversify its product portfolio thanks to savings. According to Anna Pietruszka-Otryl from the Chair of Organisational Behaviour at the University of Economics in Krakow, thanks to strategic alliances, companies become more courageous in entering new sectors, previously unknown to one of the parties, because they feel supported and introduced by a company with an established position in a given market.

Alliances also enable a significant reduction in production indonesia whatsapp mobile number costs and increased benefits from economies of scale. Joint purchasing by cooperating companies improves the negotiating position vis-à-vis suppliers and enables volume and contractual discounts. In addition to price advantages, alliances also favour savings in delivery times and dates, which is particularly important in sectors where delivery times are an essential factor for success, for example just-in-time production.

A business alliance is also a great opportunity for pharmaceutical or biotechnology companies to develop a product more quickly and comprehensively. Cooperation saves time and money, which in a single production environment is spent on unnecessary duplication of development research. An example of an alliance in the biotechnology sector is the agreement between Innogenetics, a company that is one of the 81 corporate members of the European Biotechnology Association EuropaBio, and Sanfoi Aventis for Alzheimer's disease research. Each company provides the "missing pieces of the puzzle" such as technology, competences, knowledge or know-how, and the benefits of the cooperation are shared between the parties to the alliance.

A strategic alliance also allows you to build a strong and stable competitive position, both locally and internationally, more quickly and effectively than if you acted alone. In addition, companies can choose the best partner for you with the desired competitive advantage, which you will develop together in the future.

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An important reason for entering into an alliance is the possibility of overcoming administrative barriers. This is a considerable advantage, especially for countries with preferential government policies towards national companies. Collaboration makes it possible to circumvent many barriers, such as discriminatory tax policies or the need to obtain additional certificates and permits.

Alliances are also often the only opportunity for growth and expansion abroad for small and medium-sized companies located in economically less developed regions. Building a market position independently costs small companies a lot of time and forces them to spend significant amounts of money without any guarantee of product acceptance and return on invested resources. Therefore, forming an alliance allows inexperienced companies to minimize risks, reduce costs and shorten the time of initial expansion into other markets, especially foreign ones.