Small and medium sized enterprises (SMEs) are considered the backbone of a nation’s economy. Their survival and subsequent growth are considered vital for the betterment of the local community and the overall country. Hence, it is important that the government plays an active role in nurturing SMEs. Discuss the role played by the Malaysian government (or the government of your country) in spurring the growth of SMEs. Compare and contrast the initiatives done by your government against any other country of your choice. How would you sum up the government-aided initiatives for SMEs in your country?
Developing innovative new products and services is expensive, time-consuming, and
Developing innovative new products and services is expensive, time-consuming, and extremely risky. Most studies have indicated that the majority of development projects fail. Firms need to make difficult choices about which projects are worth the investment and which of those projects are pursued with a rigorous and well-thought-out development