BDC unveils new productivity measuring tool for SMEs

The Business Development Bank of Canada (BDC) has developed a benchmarking tool to help Canadian small and medium-sized enterprises (SMEs) compare themselves against industry peers and identify new ways to improve their productivity. The tool, developed in collaboration with Statistics Canada, was launched following a new BDC study that found just 6 percent of SMEs in Canada comprehensively measure and benchmark their productivity. That's despite the fact that eight in 10 entrepreneurs view such measures as important.

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