Only 4 pct of Canadian SMEs are high performing: BDC
A study by the Business Development Bank of Canada (BDC) has found only 4 percent of Canadian small and medium-sized enterprises (SMEs) can be classified as high performing. The study, based on data for 950,000 SMEs with less than $100 million in annual sales, suggests that companies with the best results are focused on productivity and innovation, invest in equipment, including information and communication technologies, offer employees competitive wages, expand globally and control debt. The BDC study identifies specific strategies that small, mid-sized and larger companies should adopt to improve their performance.
8 May 2018•4 mins read
