SMECO

SME Competitiveness Outlook

ITC @ Geneva Peace Week

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Location info

Geneva

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Cyan
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Public event
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PE-HP5138
Overview

<p>ITC will be<strong> </strong>co-organizing<strong> </strong>the session “Small Businesses as Agents of Change” with the Geneva Peacebuilding Platform during the Geneva Peace Week on Wednesday, 1 November 2023 from 15:00 to 17:45. This session will feature insights from ITC's forthcoming flagship report, "SME Competitiveness Outlook 2023," providing a deeper understanding of the critical role of small businesses within fragile contexts.&nbsp;</p><p>To register, please click: <a href="https://www.genevapeaceweek.ch/en/programme/schedule/action-library-pea…;

Event (for relations)
SME Competitiveness Outlook

The SME Competitiveness Outlook is ITC's flagship report, published annually since 2015. Each report provides an in-depth analysis on a particular topic related to the competitiveness of small and medium-sized enterprises (SMEs) - from their contribution to inclusive growth to their participation in regional value chains. The reports combine data analysis, academic insights, thought leader opinions, and case studies to provide guidance for policymakers, business managers, and trade and investment support institutions. 

SME Competitiveness Outlook (SMECO) editions

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Research and data

Business intelligence

Data and analyses for SME competitiveness 

We offer three unique evidence-based sources of research and data that are critical to boosting the performance of small businesses in domestic and international markets. 

Our SME Competitiveness Survey (SMECS) collects data in partnership with countries and provides deep dives into business data covering various geographic locations and topics, which then serve as the basis for our strategic approach and interventions around the world. 

Our SME Competitiveness Outlook (SMECO): the annual flagship publication where we present all the research we have done over the course of the year. Decision makers can use the report to take the pulse of small businesses across the world, understand major trends affecting them and gain insights on opportunities and constraints they face. 

Our working papers are academic reports that provide the methodology behind our findings published in the SME Competitiveness Outlook. The opinions expressed in the papers are those of the authors and do not necessarily represent those of the ITC, the United Nations or the World Trade Organization. 

Our findings and recommendations are useful for: 

  • Policymakers in passing or reforming policies to support small business competitiveness  

  • Business support organizations in creating support services that better respond to the needs of small businesses 

  • Small businesses in learning about export-related opportunities, and how to approach institutions and business partners for support 

  • Investors in understanding the major issues affecting small businesses in a country, including ways to mitigate risks when considering investment opportunities 

SMECS, SMECO, working papers

Competitiveness is the ability of a firm to design, produce and commercialize a good or service that meets market demand, while connecting with the business environment and earning returns in a sustainable way. The more competitive a firm, the more likely it is to export.  

At ITC, competitiveness is translated into the ability of small businesses to:   

  • Compete: How are operations run? How efficient are those processes, in terms of cost, time, quality and quantity? What is the business environment like?   

  • Connect: How is information collected and used? How does information flow from the firm to the immediate business environment?  

  • Change: How does a firm respond to – or anticipate – changing market forces? How does it innovate, by investing in human, intellectual and financial capital? 

ITC’s SME Competitiveness Survey (SMECS) collects data disaggregated by gender and age of firm owner, sector of operation, geographical region and other factors. This helps paint a general picture of a country’s small businesses and provides insights on the key advantages and constraints of specific types of businesses.  

The survey can be tailored to align to a country’s objectives, such as supporting youth entrepreneurship or increasing women’s participation in trade.  

Once data are collected, interpreted and validated, findings can be published in a country-specific report, or used as input into an ITC working paper or the ITC annual flagship publication. Firm-specific information remains confidential. 

ITC has supported partners to survey more than 18,000 companies in nearly 50 countries of differing income levels. We work with national partners, who take the lead, and tailor the surveys to specific country needs. 

Survey results are published as part of the ITC promoting SME competitiveness series of reports.

Work carried out through the SME competitiveness survey and the Alliances for Action approach aims to provide data so that multi-stakeholder groups can decide how best to target support and activities.
Work carried out through the SME competitiveness survey and the Alliances for Action approach aims to provide data so that multi-stakeholder groups can decide how best to target support and activities.
Seth Twum-Akwaboah
CEO, Association of Ghana Industries
The SME competitiveness survey is extremely important as it provides ZDA with an opportunity to interface with the private sector, understand their production and marketing dynamics as well as their challenges, and make recommendations to government.
The SME competitiveness survey is extremely important as it provides ZDA with an opportunity to interface with the private sector, understand their production and marketing dynamics as well as their challenges, and make recommendations to government.
Mary Ncube
Board Chairperson, Zambia Development Agency
Results from the SME competitiveness benchmarking have allowed us to better assess the skills gaps along the value chain and ultimately identify youth employment opportunities.
Results from the SME competitiveness benchmarking have allowed us to better assess the skills gaps along the value chain and ultimately identify youth employment opportunities.
Suwaibou Cham
Former Senior Manager for Research and Surveys, The Gambia Investment and Export Promotion Agency
The data will enable us to design SME support programmes and services to improve [our] efficiency. TEPA will be in a position to attract donor and/or grant-funding agencies to assist in areas of weakness and allow for investment in sectors/industry that are proven to perform well.
The data will enable us to design SME support programmes and services to improve [our] efficiency. TEPA will be in a position to attract donor and/or grant-funding agencies to assist in areas of weakness and allow for investment in sectors/industry that are proven to perform well.
Jerson Badal
Director of Client Services, Trade Export Promotion Agency, Saint Lucia
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Our business intelligence services provide decision makers at all levels with targeted data and analysis to support the competitiveness of small businesses. 

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Contact
Title
ITC Business Intelligence team
Email
smecompetitiveness@intracen.org