Global Small Businesses Should Become Future Ready

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Olivier M. Schwab, Managing Director, World Economic Forum says:

SMEs – small- and medium-sized enterprises- represent about 90% of all firms globally and about 70% of employment and of GDP, according to some estimates. So at an aggregate level, these businesses play a significant role in enabling and shaping the nature of growth, innovation and sustainability of our global, regional and local economies. It’s therefore essential that small businesses and medium-sized businesses are future-ready. In other words, they simultaneously are able to achieve high levels of growth, but also positive social impact.

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