Time to Think Big (and Global) American Small Businesses!

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US micro-, small, and medium-size enterprises, like their global counterparts, struggle with productivity. But a win–win economic fabric connecting all businesses can maximize their potential.

At a glance: 

• Micro-, small, and medium-size enterprises (MSMEs) are the bedrock of the US economy. 
• MSMEs in the United States are only half as productive as large companies, compared with 60 percent in other advanced economies. 
• MSME performance varies across US states and metro areas. 
• Interactions between small and large businesses are key to boosting collective productivity. 

Read the entire report by McKinsey Global Institute, October, 2024.

from The Global Small Business Blog https://ift.tt/AnKw9Tb