The brief – launched in Brussels yesterday (6 October) by the Lisbon Council – claims that the 20th century logic that required large foreign talent pools to achieve a global reach has been ‘stood on its head’ and larger companies are now bogged down in bureaucracy and overstaffing, with slow decision-making processes.
“The result is that large companies are under pressure to deliver more with less – a fact which may well account for the jobless economic recovery we have seen in 2010 and 2011,” the brief says, claiming such large companies will be incapable of delivering the jobs that politicians hope for.
By contrast, it claims that SMEs which utilise the internet and new business platforms can enter the global markets with a minimum of bureaucracy and overheads.
To read the full, original article click on this link: Report: Big business doomed, the future is small | EurActiv
