SME in
Construction Industry: The Entrepreneurial
and Managerial Needs
CHAPTER 1
INTRODUCTION
The small and medium enterprise (SME)
sector is the backbone of the Philippine economy. According to the Department of Trade and Industry report ( DTI , 2004), it comprises
about 99.6% of all registered firms nationwide, employs
69.9% of the total labor force, and contributes 32% to the national economy, helps ensure a more equitable distribution of
income, disperses economic activities to the countryside, and a potent force
in the war against poverty.
The SME in the Philippines is defined by
RA 8289:
Magna Carta for Small Enterprises (http://www.sbgfc.org.ph/ra6977.htm /1997) as any business activity or enterprise, engaged in industry, agri-business
and/or services, whether single proprietorship, partnership, cooperative or corporation whose total assets , inclusive of
those arising from loans but exclusive of the land on which the particular business entity's office, plant and equipment are
situated must have value falling under the following categories:
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Chapter 1 ...... full text )
