Capital start-up for small medium enterprises: The venture capital approach: Strategic options in the Philippines setting

Benel P. Lagua

College

Ramon V. Del Rosario College of Business

Department/Unit

Management and Organization Department

Document Type

Report

Publication Date

1999

Abstract

The role or contribution of small and medium enterprises (SMEs) to the economy includes the following: (1) generation of employment and income growth; (2) stimulation of entrepreneurship and innovation; (3) expansion and diversification of markets; (4) urban-rural dispersing and community stability; (5) increasing savings rate and investment base; (6) alleviation of threats for survival of the poor; and (7) promotion of pluralist society. The SME sector, thus, serves as the crucial link to the seemingly incongruous paradigms of the growth-led and equity-led development strategies. If real economic progress is to be achieved, these strategies should be complementary.

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Disciplines

Entrepreneurial and Small Business Operations

Series Title

Economic policy agenda series ; no. 7

Keywords

Small business—Philippines

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