<P> At the employee level, Petrakis and Kostis (2012) explore the role of interpersonal trust and knowledge in the number of small and medium enterprises . They conclude that knowledge positively affects the number of SMEs, which in turn, positively affects interpersonal trust . Note that the empirical results indicate that interpersonal trust does not affect the number of SMEs . Therefore, although knowledge development can reinforce SMEs, trust becomes widespread in a society when the number of SMEs is greater . </P> <P> SMEs' top management teams' leadership styles have an essential effect on business success and the development of SMEs . Many SMEs do not have a board and rely on its top management team (TMT), the top managers of a firm, to make the strategic decisions . </P> <P> To thrive in our changing and complex business world, the modern SME must formulate strategies on where it wants to be in its marketplace . Its leadership then needs to acquire, and use wisely, the right human, financial and other resources to get there . </P> <P> SMEs face a lot of uncertainty and need to be flexible . </P>

What is a small to medium enterprise definition