Creating Global Marketplace Coalitions
One thing we are learning from the success of the global trade is the importance of building business coalitions. However, the common problem with small medium-sized enterprise (SME) and entrepreneurs is how do they access the global marketplace that will galvanize them to work together. SMEs can no longer depend on economic growth within their own borders. External economic growth opportunities have its rewards; they must embrace the global marketplace. SMEs can build bridges which each other on a global scale in such areas as product related which includes competitive price, good quality and good design.
Furthermore, with some many SME on a global scale they must move beyond race, class, age and gender divisions in order to build a global business network system. They have all the ability, skills, mindset and spirit needed to be vigilant in the global economy. SME must participate with countries and regions all over the world to strengthen their economic cooperation with trade and compliance.
SME must promote global trade and world economic growth by making the world more open-minded and willingness to work together. Their success should not be solely based on business, but on being able to reach out to other likeminded groups. By reaching across the globe SMEs and entrepreneurs will remove barriers that continue to restrain them from having access to one another.
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