View article

In order to increase the probability of survival of SMEs, it is necessary to have a comprehensive understanding of factors contributing to the success or failure of the enterprise. Peculiarities of the observed economic environment should be also considered. Precisely because of peculiarities in economic level of development, phase in the transition process, government commitment and understanding the importance of strong SMEs sector, a unique model of SMEs success, applicable everywhere, has not been established. The objective of this study was systematic research in which was investigated the wide range of factors influencing SMEs success or failure. A comprehensive literature review had been made an initial list of factors has been identified. Based on that, the preliminary questionnaire was been developed and through numerous interviews with scholars and practitioners the final version of questionnaire was derived and presented in this paper.