SME – Small and Medium-sized – Business
Expertise or generalists for innovation
4 Aralık 2019
How Mr.Einstein will change business?
24 Mayıs 2020According to the World Trade Organization, SMEs represent over 90 percent of the business population, 60-70% of employment, and 55% of GDP in almost all economies. However, technological developments are not crossing enough yet with SME representing the majority of business.
The global study, carried out by Forrester Consulting on behalf of Lenovo, found that 41% of people working in SMEs are not happy with their technology set-up in the office and feel they don’t have access to critical tools for flexible working.
According to the report, 74% of the SME employees surveyed do not have access to cloud-based tools, nor can choose technologies that are most suited to their tasks.
This mismatch has its own problems, such as lower employer satisfaction and higher turnover — moreover, less customer satisfaction, and earning less than a fair share of the market.
Based on my experience, I can affirm that many business owners are ignoring how to follow financial outputs such as cash flow, income statements, which are very vital both in time of turbulence and investment decisions.
I firmly believe that governments and vendors should work together to deploy such vital help that we can call Business Running Information as a Service via technology.
#digitaltransformation #SME #innovationLinkedin Link: https://www.linkedin.com/company/brofin-investment-and-consulting/