Inexperienced management and operations

sultanafarjana

Ineffective marketing strategy: SME businesses often do not invest too much in marketing, so product development and promotion are not effective. : SME business owners have not been able to manage their resources, cash flow, or have a suitable strategy, so their management is not truly optimal. Fiercely competitive market : SME businesses face competition from businesses of the same scale and from big brands. Facilities and infrastructure at SME enterprises are often underestimated and not invested or equipped compared to large enterprises. The role of SME enterprises Promote an innovative and dynamic economy With a small scale of investment capital and a compact organizational structure.



SMEs can participate in many potential markets. Since then, the products of SME businesses Email Data have been provided to a diverse and rich market in many different fields. Promote an innovative and dynamic economy Promote an innovative and dynamic economy Besides, SME businesses can exploit the strengths of land, resources and labor of each region, especially the agriculture, forestry, seafood and processing industries. From there, SMEs will promote an innovative and dynamic economy . Solve employment needs and contribute to socio-economic development The role of SME enterprises is very important for socio-economic development. According to the survey, SMEs account for more than 96% of the total number of businesses, create 50% of total jobs and contribute from 30% to 53% of total GDP income.



Thus, SME enterprises have helped solve most employment needs. Labor resources and products created from SME businesses contribute to promoting socio-economic development. Form and develop a high-quality workforce It is the competition in SME businesses that has created a good environment for entrepreneurs to unleash their creativity and develop themselves. They will feel more free, more active, and trained to a higher level. When workers work in an SME environment, they often work in many different positions. Thanks to that, workers gradually become flexible , knowledgeable in many fields and increasingly develop themselves. Developing industry and services SME businesses always contribute to the development of the local trade and service industry. Especially in rural areas, SME enterprises play an important role in the process of industrialization and modernization.