Friday, February 22, 2013
Poor innovation culture is simply poor leadership strategy, poor leadership is simply poor planning. While SMEs are better able to manage the tension between operating today's business and creating enabling environment for tomorrow's opportunities, traditional multinationals struggle.
SMEs tend to gravitate away from the command and control systems built by expensive lawyers and consultants for giant corporations. By leveraging on group intelligence while keeping their businesses small and lean SMEs encourage greater awareness of value and cultural models across the global landscape.
The SMEs in emerging markets are getting more proficient at building on this model ........
However, in U.S. SMEs account for 97% of the total exporting firms creating less than 30% export value; this is far from optimal, even though SMEs are recognized for their vital role in creating jobs and supporting supply chains in the domestic market, there is still some distance to go in the global village.
In Europe over 90% of all businesses are SMEs creating two-thirds of all jobs in the domestic market
As the online cloud services takes a foothold, it becomes more beneficial to SMEs by allowing entrepreneurs to deploy new operational models, competitive and quality service. The SMEs becomes a micro multinationals by keeping the costs of operating in new countries and emerging markets very low.
Here are some tips:
"Once you decide to work for yourself, you never go back to work for somebody else" - Lord Alan Sugar – founder of Amstrad
"A business has to be involving, it has to be fun, and it has to exercise your creative instincts" - Sir Richard Branson – founder and chairman of Virgin Group
"The best entrepreneurs keep a tight lid on expenses and will wisely re-invest profit to continually improve their business" - Peter Jones, CBE – founder of Phones International Group
"I knew nothing about the way bras were made" - Michelle Mone, OBE – founder and CEO of Ultimo
"The key to success is failure… Success is made of 99 percent failure" - Sir James Dyson – founder of the Dyson company
Why not get involved leave a footprint and be a global player, you can even loan as little as $25..........
Your loan for as little as $25 on sites like kiva.org can make a great impact on entrepreneurs in developing nations. Loans can go to families trying to support an agricultural business in El Salvador. Or groups purchasing additional products for their fruit market in Rwanda. Or a man who needs new tires on his van for his transportation company in Kenya.