Assessing Moving Targets: The Impact Of Transition Stages On Entrepreneurship Development

An issue that has recently gained in importance in transitional literature is the need to develop a thriving small and medium-sized enterprise (SME) sector since it can contribute significantly to innovation, job creation and economic growth. However, the specific characteristics of SMEs make them especially vulnerable to changes in the legal, social and environmental context. In this paper the authors are interested in the barriers that SME development encounters during different stages in the transition process.