Wyly Wade

The latest SME trend: Adopting a global mindset?

A study released by the Oxford Economics research program, sponsored by SAP, says that small and midsize enterprises (SMEs) are making radical changes to their business models in order to cater for global demand. The survey of 2,100 SME executives in 21 countries says SMEs are also competing with larger firms by investing in technology that makes operations more efficient.

The study found 15% of all SMEs already do business in at least 6 countries. 55 percent of emerging market and Latin American firms place an especially high emphasis on this concept, and emerging-market companies also are more likely to expect growth to be driven by new product and service offerings (54 percent) than those in the West (43 percent).

The latest SME trend: Adopting a global mindset? | SmartPlanet.

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