AN INTEGRA TED APPROACH TOWARDS SME RESTRUCTURING: TURKEY AND THE EUROPEAN UNION

Abstract

Europeanization has many aspects- talking about it has no value 'per se' as without a strong and sustainable economy, Europeanization means nothing to neither industry nor citizen unless it includes a wake-up call about how to make the economy technically ready for EU accession. SME, representing 99.8% of all Turkish companies, fonn the backbone of the Turkish economy. Foreign investors and companies may come and go - Turkish SME will stay. This article tries to in the first instance bridge the gap between Business Administrative-related research and problems encountered by SME (Company Restructuring as tool to overcoming obstacles as currently faced by Turkish SME); it then takes a close look at how SME in EU countries (with Germany as case in point) over time embraced Europeanization as a chance, rather than perceving it as a threat; and moreover, analyses the potential for a comparative approach as application in both the Turkish, and European Enterprise Policy Making - Domains. As research into the linkage between SME and Entrepreneurship is under-developed and under-researched not only in Turkey, the article promotes the case for establishing a novel University based Turkish SME Centre, while a future article highlights the Internationalization of such efforts under the umbrella of European Research for the Benefit of SME

Keywords

• Europeanization
• Company Restructuring
• SME in Turkey and Europe
• Enterprise Policy
• Competition

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