How a company finances, plans and manages its business and human resources plays a significant role in determining the likelihood of whether a small- or medium-sized enterprise (SME) will succeed or fail, according to the latest study by Royal Bank of Canada Financial Group (RBC), Canadian Manufacturers & Exporters (CME), and Queen's School of Business.
The study, entitled Managing for Growth, was commissioned to review internal barriers to business expansion and look at ways to help Canadian entrepreneurs build more successful businesses. It builds on the 2002 Path to Prosperity report, released by RBC, CME and the Canadian Federation of Independent Business, which looked at external barriers to growth for the small- and medium-sized enterprises in both Canada and the United States.
