Meaning ● Systemic SMB Inclusion denotes a deliberate and integrated business strategy designed to equitably incorporate small and medium-sized businesses, especially those from underrepresented groups, into larger economic ecosystems and value chains. It necessitates a commitment from larger organizations to actively seek, support, and cultivate relationships with SMBs, fostering mutual business growth and innovation. A crucial aspect of this is adapting business processes and technologies, especially automation tools, to be accessible and effective for SMBs, ensuring their successful implementation and participation. This inclusion, viewed from a growth standpoint, not only diversifies supply chains but also stimulates local economies through targeted initiatives and procurement policies. For instance, multinational corporations can implement digital onboarding processes that are simpler and require fewer upfront costs, leveling the playing field for smaller tech-savvy businesses. ● The adoption of streamlined automation solutions also allows smaller businesses to improve efficiency and compete with larger entities.
