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