Please enable JavaScript.

Coggle requires JavaScript to display documents.

Impacts on Companies - Coggle Diagram

- - - - companies have to
        
        constantly innovate
        
        anticipate changing markets
        
        stay relevant
  - - - lower labour costs
      - cheaper resources
        (e.g. land, raw materials)
      - cheaper production costs
      - access to new foreign markets
- - - - employ many workers
      - contribute to the economy
    - - small domestic market
      - shortage of labour (manpower)
      - stiff competition from larger, internationally-established companies
      - shortage of expertise
      - insufficient profits
    - - offer goods and services
        that appeal to locals
      - play a complementary role to MNCs
        
        supply their own products to be sold as part of MNCs' products
      - Assistance from the Government
        
        aids in SMEs' efforts to venture abroad
        
        facilitate partnerships between SMEs and larger corporations
        
        financial assistance