It is not the size of a company that determines whether it belongs to a medium-sized company or not. The article explains why the intersection of medium-sized companies/family businesses and small and medium-sized enterprises (SME) is nevertheless very large and why companies with 500 or more employees or annual sales of more than € 50 million also belong to the SME sector.
External publication | 2016 SME, medium-sized business, family business: A clarification
May-Strobl, E.; Welter, F. (2016): KMU, Mittelstand, Familienunternehmen: Eine Klarstellung, in: Hinterhuber, H.; Stahl, H.(2016): Erfolgreich im Schatten der Großen. Wettbewerbsvorteile für kleine und mittlere Unternehmen, S. 1–11.