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Small and Midsize Business (SMB)
Small and midsize businesses (SMBs; aka small and medium-sized enterprises, SMEs) are smaller than large enterprises. There’s no standard, formalized description of SMBs or what separates a small business from a midsize one. One guideline to follow is categorizing small businesses as those with fewer than 100 employees and/or less than $50 million in annual revenue, while midsize businesses have fewer than 1,000 employees and/or less than $1 billion in revenue (but more than $50 million).
What Small and Midsize Businesses Need to Know About Small and Midsize Business (SMB)
Due to their size, SMBs often have different technical requirements and face different challenges than larger enterprises. SMBs often need to “do more with less,” with constraints on their budget or sustainable staff levels.
Related terms
- PDM (Product Data Management)
- Project Management
- Gain Sharing
- Small and Midsize Business (SMB)
- Business Process Automation (BPA)
- Human Capital Management (HCM)
- Best Practice
- Business Process Management (BPM)
- Business Impact Analysis (BIA)
- Track And Trace
- Digital Business Transformation
- Bimodal
- Span of Control
- Solution
- Business Process Re-engineering (BPR)
- Enterprise Solutions
- Growth Strategy
- Project Management Office (PMO)
- Business Process Outsourcing (BPO)
- Line Of Business
