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Over the years, research studies in the business field have focussed on the contribution of foreign direct investments to the development of small and medium sized enterprises and their impact upon the host country. Foreign companies have a positive effect on the production of the host countries units. Companies providing foreign direct investments on an emerging market exercise a competitive pressure which generates economic evolution for the receiving state. [ABSTRACT FROM AUTHOR]

Abstract: In a developing economy such as Romanian economy, SMEs’ sector is considered to be a source of innovation, flexibility and economic development. Due to insufficient resources and strong competition that characterizes today''s economic environment, SMEs are characterized by strong volatility. Strategic planning process is considered to be vital for the survival of any company as it helps them adapt to changing environment. It can be applied to all management levels and all types of organizations.The purpose of this paper is to identify the characteristics of planning activities of 200 SMEs in the North-Western Region of Romania within trade, services and manufacturing sectors. The main aspects considered refer to: formality of planning activities, planning horizons, frequency of plans’ revision, strategic planning tools used. The paper also examines the factors influencing strategic planning. [Copyright &y& Elsevier]