With SMEs accounting for 99.9 per cent of all private sector businesses in the UK, it’s no secret that competition is high. As such, what can you do to stand out from the crowd?
Research by SAP highlights three key areas to focus your business when looking to think big and grow fast:
Innovation integration:
Technology provides the opportunity for businesses to innovate, however the growth benefits will only be optimised if new applications are utilised across the business. Infrastructures need to be able to convert tech investment into innovation.
Right training for the right technology:
In order to fully drive innovation, technology must be implemented and executed in the correct manner. Yet, new ways of working will be continually undermined if the required skills are not in place to fully utilise technology.
Empowering lines of business:
Fundamentally, front line services are responsible for securing business growth. Yet key lines of business need the tools to hand to ensure they can carry out the job effectively and not just rely on the IT department.
Are you an innovation champion?
Position yourself against competition by taking part in our SME Race for Innovation.