Today's world differs in a number of key issues, from what we were used to for a long time. Currently, worldwide it is created a new model of economic growth - knowledge-based economy, whose main representative at the microeconomic level is the small and medium company. After the detailed presentation of the problems the small business is facing, the following chapters focus on the possible project solution and the chosen approach for the project of the company. The project process requires deep and extensive actions in all the areas of the company, from strategic repositioning,...

A feasibility study is an evolving, dynamic process. While it is used to justify what is developed and at what cost (the investment decision) it is also used throughout the procurement phase to check if the project is being developed in accordance with the original assumptions and, where change is necessary, it is also used to manage the change.Is it right to ask why the feasibility study is of so much interest today? One possible answer is that, on the one hand, it has changed the audience and on the other hand, the stakes are high.

In the current context where there is a widening of the influence of environmental factors on the activities of small business and an increase of the amplitude and rate of change of these factors, it is very difficult for economical units to achieve profitable activities addressing a position of organizational adaptation to environmental turbulence. Therefore, it is necessary for management of socio-economic units to predict exactly these changes and to chart a course of development that would ensure them increased profitability and give them a comparative advantage over the competition. This...