EIU Survey Sponsored by SAP Shows SMEs Confident About Future

October 18, 2012 by admin 0

According to an Economist Intelligence Unit survey sponsored by SAP, small and midsize enterprises (SMEs) in emerging countries are expanding and flourishing financially while their counterparts in the developed markets — despite more difficult market conditions — are confident of an economic upswing in the near future.
SAP made the announcement during European SME Week in Brussels from October 15-21, 2012.

Read the press release.
Listen to the press call.

Learn more about the survey findings in the following three articles:

Developed economies: SMEs focus on continued expansion

  • Managers in developed economies expect tougher times ahead—but they are confident their own firms will succeed in increasing turnover.
  • SMEs are positioning themselves for growth, in particular, by using the internet, and by expanding into emerging economies, which offer large markets and higher growth.
  • The biggest obstacles that SMEs face are red tape and taxation. Stronger government support programs would improve the outlook for small companies.

Emerging markets: SMEs capture growth in expanding markets

  • Managers in emerging economies expect tougher times ahead, but are more confident that their own firms will succeed in increasing turnover
  • SMEs are positioning themselves for growth, particularly by using the internet, and by using technology to achieve efficiencies
  • The biggest obstacles that SMEs face are red tape and taxation; companies feel poorly equipped to overcome these obstacles

Developed vs emerging economies: SMEs – preparing for growth

  • Managers across developed and emerging economies expect tougher times ahead but are confident their own firms will manage to increase turnover
  • SMEs are positioning themselves for growth, particularly by using the internet, while firms in developed economies are more likely to expand abroad than those in emerging markets
  • Firms across the globe face the same obstacles; in developed markets, worries about trading conditions are deeper but managers are better prepared to tackle obstacles

 

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