How SMEs Differ From Their Larger Counterparts Essay - 1

How SMEs Differ From Their Larger Counterparts - Essay ExampleSome of the main factors that assort SMEs from their larger counterparts include layers of management, individual responsibility, communication, speed of decision-making, attitude towards risk, allocation of resources, formal practices, organizational structure, flexibility, marketing and advertising, environment, and politics. allow us discuss each of them in some detail in order to know how these factors make up differences between SMEs and large corporations.2.1 Layers of ManagementOne of the main differences between SMEs and large companies is the layers of management. SMEs generally have real few layers of management as compared to large companies. They have less number of managers and employees because of simple and short organizational structure. The organizational chart of SMEs also looks flat because of fewer layers of management. Small business organizational charts are lots flat they look like deuce or thr ee stacked rows of bricks with one or two bricks on top (Ingram n.d., p.1).