Introduction: Contributions of Human Resource Management to the Challenges faced by Small- and Medium-Sized Enterprises in the Global Environment

Introduction: The Challenges of Defining and Studying Contemporary Entrepreneurship

Entrepreneurship is a broad and complex concept, and is an important contributor to the economic prospects of companies, sectors, and entire nations. To a casual observer, entrepreneurship is most closely associated with smalland medium-sized enterprises, yet it plays a vital role, either directly or indirectly, in the sustainability of organizations of all sizes and types, private or public, national or multinational. The entrepreneur and the entrepreneurial process are critical to creating new economic activity—boosting innovation, wealth, growth, and employment. It strengthens competition between developed economies and supports social welfare within developing countries. There has been …