Small and medium-sized enterprise restructuring for divergent and sustained competitive performance

Abstract

The article presents SME restructuring management solutions aimed at divergent and sustained competitive performance, specifying measures for rationalizing management functions, also SME product characteristics with regard to the SME strategy efficiency, as well as controlling restructuring process and assessing influence of its results on SME competitiveness. Based on the outcome of empirical investigations of SME restructuring in the EU over the last decade, und erlining its specifics and complexity, the paper reveals the benefit of use of the proposed measures specifying relevant techniques and actions. Results of their application in practice also confirm the prevailing flexibility when applying the solutions in question whereas the latter can be adjusted to the specifics of SME and its business environment. While leading to greater possibilities to rationalize restructuring process, the measures proposed by the author also provides an SME with prerequisites to improve the use and development of human, material and financial potentials with pivotal contribution to its sustained competitiveness even in a changing business environment.