A global study that reveals the key drivers of success for SMEs in 2017 and beyond
This study, based on a survey commissioned by American Express of 3,200 SMEs in 15 countries, provides a comprehensive view of SME sentiment at a time of heightened uncertainty. The results showed:
- Though SMEs are concerned about the threat of political and economic uncertainty, their business outlook is generally optimistic.
- Many view technology as a positive force for disruption, presenting new opportunities. -SMEs thrive by exploiting key advantages, which we describe as their Four Aces: Applying technology, Agility, Accelerated innovation, and Attracting talent.
- Many SMEs are developing growth strategies by focusing their expertise in niche markets, driving sales growth at home and abroad.
- Finance remains a key challenge for SMEs—and a significant opportunity exists for financial providers to assist growing SMEs.
- Governments, policy-makers and other agencies can help create conditions that help SMEs prosper. – To be effective, however, governments need to understand that different kinds of SMEs have different needs.
Read the full report.
Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial, and policy issues.
To find out more about our capabilities, contact:
+1 (646) 503 3052
+65 6850 0110
+44 (0)203 910 8054
A PLATFORM FOR INDONESIAN OPPORTUNITY – Assessing the economic, societal, and cultural impact of YouTube in Indonesia in 2021
Oxford Economics worked closely with YouTube in the second quarter of 2022 to develop a rigorous approach to measuring the video platform’s economic, social, and cultural impact across Indonesia. In this study, we found that YouTube's creative ecosystem contributed IDR7.5 trillion to Indonesia's GDP and supported more than 200,000 full-time equivalent jobs across the economy in 2021.Find Out More
Sentiment data point to cooling labour markets
Labour markets across a range of advanced economies are cooling rapidly, according to a unique dataset developed by Oxford Economics and Penta.Find Out More
The State of the Nation: The UK Family Business Sector 2021–22
This study looks at the UK family business sector, an important part of the UK economy. It presents new insights, especially on how the sector was affected by, and is recovering from, the pandemic.Find Out More