SME Academy Project took place in Afyonkarahisar Chamber of Commerce and Industry(ATSO).
Due to their significant role in creation of new jobs, rise in GDP, entrepreneurship and innovation, small and medium-sized enterprises (SMEs) are recognized as the drivers of socio-economic growth, both in developed and developing economies. In Turkey, 99.9 % of all enterprises fall into SME category. Therefore, the significance of SMEs for Turkish economy and society is much higher in Turkey, compared to other emerging and developed countries. Small and medium-sized companies are faced with a number of challenges whereas the problems arising from “poor financial management” are reported as the major causes of business failures in SMEs. Strategic financial management (SFM) which is a research area that has attracted the interest of researchers after 2010 is one of the key managerial areas of SMEs, due to its vital role on the survival, growth and performance of SMEs.
By project SMEs will have a chance to improve their selves in Finance management. Finance Manager of the SMEs will be trained by SME Academy. This academy will continue after the project period. Finance Club will manage the E-Platform for the SMEs over Turkey. ATSO will be the guarantee of the quality of the content of the Training Modules & E-Platform, which will be prepared by universities, Finance club and MKV Consulting