The significant role of SMEs in the UK economy

Festival of Social Sciences

Small and medium-sized enterprises (SMES) are considered as the backbone of the UK economy and play a vital role in enhancing the employment and economic growth in the UK. SMEs account for 99.9% of all businesses in the United Kingdom at the start of 2021.

Covid-19 pandemic has been considered as a significant barrier to SMEs. However, they are still looking for pursuing the activities for growth to succeed in the future despite the pandemic barriers. We will be presenting our research on the impact of internationalisation and open innovation on SMEs’ performance.

The event designed for the university students or graduates to help them understand the importance of studying and researching SMEs and the challenges they face while operating in the domestic and foreign market. The business and management. The attendees will be given the opportunity to ask questions and to take part in discussion.

Experts will present how best firms can use open innovation to expand internationally and exploit their resources and capabilities to achieve success in foreign markets and gain superior performance. Open innovation will be discussed as a key factor that might significantly impact the SMEs’ survival.

Dr Mahshid Bagheri and Dr Siwan Mitchelmore from Bangor University Business School

Zoom: https://bangor-ac-uk.zoom.us/j/91627969503?pwd=a2RYSzMxM2VldUV1bmRqS21DN1Y0dz09

Meeting ID: 916 2796 9503
Passcode: 828529