Supporting Sustainable Strategies for SMEs through Training, Cooperation and Mentoring

Abstract

In order to remain successful and competitive in business today it is important that SMEs can sustain themselves by adapting to economic changes. SMEs have a distinct advantage over large companies in that they have less bureaucracy and hierarchical restrictions and can implement changes quickly. However often they are slow to change their way of doing business and collaborate. Through implementing training collaboration is facilitated which allows SMEs to discover new ways of doing business and practical methods of implementing these. This paper emphasises the importance of training and collaboration in sustaining SMEs going forward and outlines methods that SMEs can use to collaborate and learn to enhance their business.