"Many local companies, for example, are poorly equipped to take advantage of the digital world to improve the way they run their businesses, to serve their customers better and reach out to new markets."
More or less all around the world SMEs are lacking a vision for their digital development of business. In this article you can read about the situation in Singapore and the efforts of the Government to support the process of getting a vision, develop competencies and innovate business models. In the e-Book "The Digital Entrepreneurship"
In his e-Book"The Digital Entrepreneur" Kenneth OE Sundin gives an overview of why being digital is so important for existing and new businesses of today. Beside you can find and download an Infograph that takes you through some of the reasons why small businesses needs to be a part of the digital world.
In the project REAL - there a group of 10 partners from 8 European member states produced inspirational material and lessons in entrepreneurship and business - it was very obvious that the digital environment we all are living in is an important prerequisite and resource for our small businesses.
In the article we refereed to above it is mentioned that the Singaporean Government gives a great opportunity for SMEs with the SMEs Go Digital program with funding of $80 million and gives no excuse for not making the step. Do you think it is the only way to get the SMEs on board the digital train? Please share with us your comments and thought.