SME Challenges
Talent Management
Talent
Managing talent effectively requires expertise and experience in areas such as recruitment, performance management, and employee development. Especially Small and medium business owners or managers may lack the necessary knowledge or have limited experience in these areas
Technology
I​mplementing new strategies often requires change within the organization, which can face resistance from employees and stakeholders. Small and medium companies may struggle with managing resistance and obtaining buy-in from their teams, particularly if there is a lack of communication and involvement in the strategic planning process
Process & Governance
Complexity and learning curve: Some advanced technologies can be complex, requiring time and effort to understand and implement effectively. Small and medium companies may face challenges in navigating the learning curve associated with adopting new technologies, which can slow down the adoption process
Technological Adoption