Page 170 - STRATEGY Magazine

01 LlOYD BLANKFEIN
CEO of Goldman Sachs, believes, “At the end of the day, small business success should just be a way station on your way to large business success.”
02 CROWDFUNDING By 2020, crowdfunding will reach US$90 million, according to the World Bank. It will be used for everything from accessing clean water in Indonesia to building office parks in Mexico.
03 GLOBALIZATION
According to a study in 2016, 58 percent of small businesses already have customers outside of their home countries.
04 PRODUCTIVITY Mexico’s 3.2 million small businesses are falling behind in productivity. A number of programs are targeting this issue by training workers, encouraging investment, and fighting corruption.
168 STRATEGY
Globalization.
Protectionism. NAFTA. Tariffs.
These concepts are setting the tone for large and small busi- nesses in Mexico, the United States, and around the world. Which of these topics will dominate the coming business cycle? How will small and medium-sized enterprises react? Snapshots of the companies on the next page give an indication of the ingenuity and innovation that are rising up to meet the future.
Company SNAPSHOTS