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- 5 key insights on the future-readiness of SMEs - The World Economic Forum
The top challenges cited by SME executives include talent acquisition and retention (52 5% respondents), growth and expansion (43 8%), funding and access to finance (35 7%), non-supportive policy environment (21%), and the difficulty of maintaining a strong culture and clear company purpose and value (20%)
- 4 Steps SMEs Can Take For Their Development and Business Success
It’s no accident that small- to medium-sized enterprises (SMEs) have grown by 120% over the last five years across developed markets They’re now seen as the backbone of modern economies, accounting for about 90% of businesses and more than 50% of employment worldwide, according to the G20 Action Plan on SME Financing
- These charts show which businesses are driving the EU economy
New Eurostat data shows that small and medium-sized enterprises (SMEs) make up over 99% of EU companies The insights can help target policies and inform debate at the World Economic Forum Annual Meeting 2024 in Davos
- SMEs can turn cybersecurity risk into opportunity. Heres how
Moreover, at a fundamental level, low awareness of cybersecurity threats and measures within organizations leads to weak protection strategies and insufficient security protocols At a macro level, the absence of tailored policies for the SME sector leads to further disparity in effective protection strategies
- Digital transformation can unlock SME potential | World Economic Forum
Despite their economic significance, SMEs have experienced a decline in their contribution to GDP In the US, for example, SME contribution to GDP has fallen nearly 5%, from 48 0% to 43 5% from 1990 to 2014 The absence of technological adoption has been a significant factor in this decline
- Why SMEs are key to a more sustainable and inclusive world | World . . .
We only have a few years left to alter the trajectory of our GHG emissions, reduce global inequalities, and achieve the substance of the 2030 Agenda for Sustainable Development Individually, the contribution of each SME might be modest, but collectively they could make a whole world of a difference
- The big opportunity behind small businesses | World Economic Forum
This includes our future readiness self-assessment and benchmarking tool, the creation of an SME digital community for peer-to-peer learning between companies as well as meet-ups with experts and the expansion of our New Champions community, a select group of mission-driven mid-sized companies
- Small Business, Big Problem: New Report Says 67% of SMEs Worldwide Are . . .
Rashimah Rajah, Professor at the National University of Singapore and co-lead author of the report, added: “SMEs and mid-sized companies have unique strengths in their ability to pivot their business models to be more future ready and, by hiring and developing the right talent, they can mobilize positive internal and external change faster than larger companies
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