OECD Working Party On SMEs And Entrepreneurship
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OECD Working Party On SMEs And Entrepreneurship
The Working Party on SMEs and Entrepreneursip (WPSMEE) is a Working Party of the Organisation for Economic Cooperation and Development (OECD), which offers advice to member countries on the design and implementation of small and medium-sized enterprises and entrepreneurship policies. It is a body of the Committee for Industry, Innovation and Entrepreneurship (CIIE). Formation Initially known as the ''OECD Working Party on SMEs (WPSME –'' until 2002''),'' the group was created in 1993 after Australian businessman and philanthropist Peter Fritz advocated the establishment of a body that focused on SMEs during meetings with OECD representatives in Australia earlier in the year. At a meeting in the Australian Embassy in Paris, OECD representatives agreed to create the Working Group, and its draft mandate was published in March. Early years (1993-2000): accumulation of SME analysis The group initially undertook a comprehensive analysis of SME policies and issues at both the nation ...
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OECD
The Organisation for Economic Co-operation and Development (OECD; french: Organisation de coopération et de développement économiques, ''OCDE'') is an intergovernmental organisation with 38 member countries, founded in 1961 to stimulate economic progress and world trade. It is a forum whose member countries describe themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seek answers to common problems, identify good practices, and coordinate domestic and international policies of its members. The majority of OECD members are high-income economies with a very high Human Development Index (HDI), and are regarded as developed countries. Their collective population is 1.38 billion. , the OECD member countries collectively comprised 62.2% of global nominal GDP (US$49.6 trillion) and 42.8% of global GDP ( Int$54.2 trillion) at purchasing power parity. The OECD is an official United Nations observer. In April 1948, ...
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Small And Medium-sized Enterprises
Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by international organizations such as the World Bank, the European Union, the United Nations, and the World Trade Organization (WTO). In any given national economy, SMEs sometimes outnumber large companies by a wide margin and also employ many more people. For example, Australian SMEs makeup 98% of all Australian businesses, produce one-third of the total GDP (gross domestic product) and employ 4.7 million people. In Chile, in the commercial year 2014, 98.5% of the firms were classified as SMEs. In Tunisia, the self-employed workers alone account for about 28% of the total non-farm employment, and firms with fewer than 100 employees account for about 62% of total employment. The United States' SMEs generate half of all U.S. jobs, but only 40% of GDP. Developing countries tend to have a lar ...
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Entrepreneurship
Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones. An entrepreneur is an individual who creates and/or invests in one or more businesses, bearing most of the risks and enjoying most of the rewards.The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures. More narrow definitions have described entrepreneurship as the process of designing, launching and running a new business, which is often similar to a small business, or as the "capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit." The people who create these businesses are often referred to as entrepreneurs. While de ...
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Peter Fritz
Peter Adalbert Robert George Fritz (born 4 January 1943) is an Australian businessman and philanthropist. He was born in Arad, Romania and migrated to Australia in 1962. He has been Group managing director of the TCG Group of Companies since 1971 and Chairman of institute for active policy Global Access Partners since 1997. Career Peter is a co-founder of over 100 companies and several business accelerators, including Australia's oldest Australian-owned IT company, TCG. TCG Group is a group of businesses which over the last 50 years have produced many innovative solutions. They produced solutions in computer and communication technologies, data transmission, management structures and the food industry, including VOIP telephony (1998); design and manufacturing of plastic note sorting machines (1995); lottery ticket validation terminal (1988); mirror microwave communication technology and CT3 technology, first in the world (1986); BOW Memory unit for cash registers (1985); cred ...
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Bologna
Bologna (, , ; egl, label= Emilian, Bulåggna ; lat, Bononia) is the capital and largest city of the Emilia-Romagna region in Northern Italy. It is the seventh most populous city in Italy with about 400,000 inhabitants and 150 different nationalities. Its metropolitan area is home to more than 1,000,000 people. It is known as the Fat City for its rich cuisine, and the Red City for its Spanish-style red tiled rooftops and, more recently, its leftist politics. It is also called the Learned City because it is home to the oldest university in the world. Originally Etruscan, the city has been an important urban center for centuries, first under the Etruscans (who called it ''Felsina''), then under the Celts as ''Bona'', later under the Romans (''Bonōnia''), then again in the Middle Ages, as a free municipality and later ''signoria'', when it was among the largest European cities by population. Famous for its towers, churches and lengthy porticoes, Bologna has a well-preserved ...
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Italy
Italy ( it, Italia ), officially the Italian Republic, ) or the Republic of Italy, is a country in Southern Europe. It is located in the middle of the Mediterranean Sea, and its territory largely coincides with the homonymous geographical region. Italy is also considered part of Western Europe, and shares land borders with France, Switzerland, Austria, Slovenia and the enclaved microstates of Vatican City and San Marino. It has a territorial exclave in Switzerland, Campione. Italy covers an area of , with a population of over 60 million. It is the third-most populous member state of the European Union, the sixth-most populous country in Europe, and the tenth-largest country in the continent by land area. Italy's capital and largest city is Rome. Italy was the native place of many civilizations such as the Italic peoples and the Etruscans, while due to its central geographic location in Southern Europe and the Mediterranean, the country has also historically been home ...
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Istanbul
Istanbul ( , ; tr, İstanbul ), formerly known as Constantinople ( grc-gre, Κωνσταντινούπολις; la, Constantinopolis), is the List of largest cities and towns in Turkey, largest city in Turkey, serving as the country's economic, cultural and historic hub. The city straddles the Bosporus strait, lying in both Europe and Asia, and has a population of over 15 million residents, comprising 19% of the population of Turkey. Istanbul is the list of European cities by population within city limits, most populous European city, and the world's List of largest cities, 15th-largest city. The city was founded as Byzantium ( grc-gre, Βυζάντιον, ) in the 7th century BCE by Ancient Greece, Greek settlers from Megara. In 330 CE, the Roman emperor Constantine the Great made it his imperial capital, renaming it first as New Rome ( grc-gre, Νέα Ῥώμη, ; la, Nova Roma) and then as Constantinople () after himself. The city grew in size and influence, eventually becom ...
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