Ninety-seven percent of businesses are made up of SMEs (small- and medium-sized enterprises) and they make up 36% of the overall Malaysian economic GDP (gross domestic product).

By understanding the constraints SME business owners face at the various stages of their journey, we are able to develop a possible intervention that would help scale their businesses which would, in turn, create a more sustainable Malaysian economy. Michael Ogheneme from Leaderonomics shares his insights on this area of discussion.

 
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For starters, a typical life cycle of an SME includes:

1. Existence
2. Survival
3. Success
4. Takeoff
5. Resource maturity

 
Read this also: 4 Constraints Preventing Your Organisation From Becoming World-Class

If you would like engage with us to facilitate more engaging conversations in your organisation, email us at info@leaderonomics.com. To know more about what Leaderonomics do as a social enterprise, check out www.leaderonomics.org. For our other Raise Your Game podcasts, click here.