In Malaysia, multinational companies (MNCs) and small and medium enterprises (SMEs) are building strategic partnerships to achieve exponential business growth. InvestKL chief executive officer Muhammad Azmi Zulkifli believes that this collaboration would benefit both parties greatly. The convergence of MNCs' global outlook and SMEs' local knowledge can lead to greater success and innovation. For instance, companies like PPG Coatings and Signify Malaysia have reaped the benefits of such collaborations, with the latter expanding its UV-C lighting production and portfolio to meet the rising demand for disinfection.
Multinational Companies (MNCs) and SMEs Forge Strategic Partnerships for Exponential Growth in Malaysia
Background
Multinational companies (MNCs) have long played a significant role in Malaysia's economic development. They bring foreign investment, create jobs, and introduce cutting-edge technologies. Small and medium enterprises (SMEs), on the other hand, constitute the backbone of the economy, accounting for over 90% of businesses and contributing significantly to GDP.
In recent years, there has been a growing trend of strategic partnerships between MNCs and SMEs in Malaysia. This collaboration enables both parties to leverage their respective strengths and weaknesses to achieve exponential business growth.
Benefits of MNC-SME Partnerships
The convergence of MNCs' global outlook and SMEs' local knowledge brings several benefits, including:
Case Studies
FAQs
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