Five things SMEs need to survive COVID-19The COVID-19 outbreak has hit Small and Medium Enterprises and their workers hard. So what do SMEs need and what has worked in previous calamities to help them survive? Here are our top five policy options.
The unit's work focuses on five key areas:
1. Entrepreneurship and Management Skills
A set of training packages for different groups ranging from a first orientation for potential start-ups to in-depth training for existing enterprises, offered in more than 100 countries with more than 6 Mio participants over the last ten years.
Training and support services for women who wish to start and run their businesses, with a gender perspective that contributes to their empowerment.
2. Productivity and Working Conditions
Training and in-factory counseling for medium sized companies from emerging markets producing for large international buyers, covering issues such as workplace cooperation, quality management, and occupational safety and health.
3. Enterprise Formalization
Advisory services and support on how to reduce informality and facilitate a transition of enterprises to formality, as a way to create more and better jobs.
4. Access to Markets
The Lab is a global initiative funded by the Swiss State Secretariat for Economic Affairs (SECO) that generates and applies knowledge on how a market systems approach can lead to sustainable decent work.
In other words: how can we make markets work better for the poor?
Interventions improving the functioning of entire markets or sectors that have the highest potential to create more and better jobs.
5. Enabling Environment Reform
Advisory services on how to assess the environment in which businesses operate, as well as to formulate, implement, and monitor reform proposals.