About Company
SMEs have small management teams that struggle to meet their day to day expectations of value delivery. Many small industries have been strained to become leaner and, as a result, have limited legal, marketing, procurement and human resource personnel.
SMEs have small management teams that struggle to meet their day to day expectations of value delivery. Many small industries have been strained to become leaner and, as a result, have limited legal, marketing, procurement and human resource personnel. This leanness makes them more vulnerable to potential ill informed decisions that may arise from the increasingly complex business scenario.
These may relate to products and services, workforce issues, compliance regulations and corporate issues. In an SME, capital is typically committed to operations, with limited access to capital for improvements such as equipment upgrades, facility expansions, process improvements, marketing and sales force expansions.
Since the priority list of expenditure is essentially concentrated on the everyday challenges of operations, the first causality in this struggle is the incorporation of new technology. Small manufacturers are usually fighting for survival and must therefore focus on day-to-day operations, rather than planning future growth.
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