Jim Donovan is ranting about the term SME (meaning “small medium enterprise”) and objects to people calling a company with 10 staff a SME.
- < 100 staff = small
- 100- 1000 staff = medium
- 1000+ = large (I’m filling in the gaps)
Jim, one man’s “small” is another man’s “medium” I suppose?
Here is what the numbers tell us:
Source: Ministry of Economic Development, SMEs in New Zealand, May 2006
So, using Jim’s definition, 99.46% of all enterprises in NZ are small.
But, if practically everybody is going to be classified as “small” doesn’t it make a bit of a mockery of the classifications?