Microeconomic Factors of Succces

Studies factors of economic growth from the enterprise perspective to recommend policies that can enhance enterprise performance and growth, and to create a knowledge pool that will provide enterprises with specific solutions for some of their most acute problems.

This program develops knowledge that is of critical importance in nurturing entrepreneurship in Serbia, especially in securing that those ventures that have shown resilience over the past two decades are given the tools for further growth and success. Through it, CEVES will also raise the issue of some of the most prominent and persistent problems at the company level, calling attention of the broader public from the macro to the micro level, and creating constructive pressure for change.

In the words of the World Bank  – “A striking feature of Serbia’s enterprise structure is its “missing middle”, the lack of dynamic middle-sized companies that would significantly contribute to the overall economy. Resources are heavily concentrated in a relatively small number of large companies, all with less than average productivity. There are also numerous small and micro companies that have not succeeded in growing to medium size and achieving the economies of scale necessary to become competitive exporters”.

Considering such a structure of Serbia’s enterprise sector, in particular the absence of medium-sized domestic companies and failure in implementing the necessary organizational changes for growth, a concerted effort is needed to support the graduation of the existing micro, small and medium-sized companies, each into the larger size category. Companies in Serbia have to answer questions of financing, strategy and risks, among others, on an everyday basis. In this regard, CEVES will look at several issues, which have significant impact on company success/failure.