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  • Essay / Using the buyer-led approach to suggest a mechanism to increase the competitiveness of startups and SMEs in the Mena region

    The term buyer-led approach refers to the development of the local economy. Each geographic area establishes its economic identity through a combination of production systems, human and natural resources, infrastructure, labor markets, entrepreneurial potential, and political and socio-cultural systems. These characteristics define and support the process of local economic development. Over the past decade, there has been growing recognition that state-led, top-down development policies fail to foster balanced growth in national economies. As the pace of socio-economic change accelerates and local actors become increasingly exposed to global events beyond their control, some local economies have proven better able than others to reposition themselves in markets. worldwide. Organizational Structure ModelSay no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an original essayThe way LED-based organizations are structured internally, their decision-making process, their relationships with other institutions and local authorities at the same level or with higher level organizations, incentives or sanctions that bind members to the organization, membership composition could all have some influence on the execution of these organizational tasks, such as planning and goal setting, resource mobilization, etc. it is very difficult to present a standard model of a company's organizational structure here. I suggest SMEs in the MENA region follow the structure below to achieve better and faster results in goal setting. Competitiveness in the small or medium-sized market will only take place when the number of business organizations increases rapidly. Several policies have been taken in the past and it is possible that many more will be implemented in the near future. Looking at these policies and understanding the MENA region, below I have suggested a policy that includes all the major players who actually play a vital role in all business models. Policy suggestion for SME competitiveness. I suggest that government and non-governmental organizations as well as international organizations like the EU and others have their own role to play in developing the competitiveness of SMEs. Government approach: Simplification of business policies and procedures. Fight against corruption which hinders the growth potential of SMEs. Creation or reform of administrative and legal institutions to guarantee SMEs a stable legal framework in which to operate and facilitate an anti-monopoly and competitive business environment. Delivery of appropriate public infrastructure, particularly in the areas of transport, electricity, telecommunications and other infrastructure necessary to enable internal and foreign trade. Government banks must develop a policy framework to channel adequate funds to SME exporters. This may include: the provision of credit directly to SMEs by public banks; provide loans to SMEs.Non-governmental organization approachPrivate organizations should provide SMEs with various forms of marketing assistance and facilitate access to market and product information.SMEs can be assisted with marketing documentation,.