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OVERVIEW
Small and Medium-size enterprises (SMEs) are of significant importance for any economy irrespective of their stage of development. They present a strong financial profile and contribute to employment creation/generation. They are like the foundation stone on which large scale firms build up buildings of their success, they stimulate competition in the economy, feed large firms with raw materials, semi-finished goods, parts, etc. and distribute their products, and so on. Similarly, SMEs in the service sector has shown phenomenal growth. However, the question of sustainability of small and medium-size businesses in the new and competitive global era following the severe competition floated by multinational companies and other large corporations has been raised. Now it has become a matter of great concern for the policy makers and other stake holders around the world to look into the matter in order to create sustainable and resilient small and medium businesses. This motivated us to organize a conference on this burning issue and to bring together policy makers, academics, the business community and researchers to interact and share their experiences from research and practice.
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