Foreseeing the Future of SMES in Sustainable Development

A wide range of stakeholders and professionals may think systematically and create proactive knowledge with the help of insight.Besides exploring potential future developments and problems in quantitative and qualitative terms, it also helps stakeholders shape the future vision of existing policies and procedures, allowing for the creation of a high outlook.In addition, SMEs benefit from the systematic application of foresight results by identifying unfavourable situations driving external factors, developing strategies, and considering new markets for goods and services.In a structured work environment, it is better to visualize insight.Anticipating the future and preparing for any developments that may occur in the coming years are not complementary measures for companies; indeed, it is among the most important basics, as companies that are not prepared for the future will inevitably waste years and money and will not survive.Companies have always looked to the future with eyes full of optimism, after adopting strategic planning by drawing up plans and strategies, without leaving room for chance or surprises, and since companies have faced in the business environment many challenges and external factors that affect all levels.Therefore, employing future insight in small and medium-sized companies answers the questions presented by sustainability.

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Publication Details

Journal
International Journal of Academic Research in Business and Social Sciences
Published
2024-12-12
DOI
https://doi.org/10.6007/ijarbss/v14-i12/24101
Primary Topic
Economic and Technological Systems Analysis
Type
article
Field-Weighted Citation Impact
0.00
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article

Foreseeing the Future of SMES in Sustainable Development

Nor Naimah Rosyadah Ahmad, Abd Alrahman Ratib Ezmigna
International Journal of Academic Research in Business and Social Sciences
Economic and Technological Systems Analysis
article

Foreseeing the Future of SMES in Sustainable Development

Nor Naimah Rosyadah Ahmad, Abd Alrahman Ratib Ezmigna
article en

Abstract

A wide range of stakeholders and professionals may think systematically and create proactive knowledge with the help of insight.Besides exploring potential future developments and problems in quantitative and qualitative terms, it also helps stakeholders shape the future vision of existing policies and procedures, allowing for the creation of a high outlook.In addition, SMEs benefit from the systematic application of foresight results by identifying unfavourable situations driving external factors, developing strategies, and considering new markets for goods and services.In a structured work environment, it is better to visualize insight.Anticipating the future and preparing for any developments that may occur in the coming years are not complementary measures for companies; indeed, it is among the most important basics, as companies that are not prepared for the future will inevitably waste years and money and will not survive.Companies have always looked to the future with eyes full of optimism, after adopting strategic planning by drawing up plans and strategies, without leaving room for chance or surprises, and since companies have faced in the business environment many challenges and external factors that affect all levels.Therefore, employing future insight in small and medium-sized companies answers the questions presented by sustainability.

International Journal of Academic Research in Business and Social SciencesVol. 14(12)
University of Technology Malaysia (MY)
Industry, innovation and infrastructure
Openalex Percentile: Top 60%
Economic and Technological Systems Analysis
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