Growth Intentions Snapshot 2015 | KPMG | QA

Growth Intentions Snapshot 2015

Growth Intentions Snapshot 2015

When it comes to planning for growth, most SMEs are disciplined in developing a plan however the day to day demands, both external and internal, can make it difficult to execute plans in the most effective manner.

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The KPMG Growth Intentions Snapshot gives an overview of how SMEs plan to grow their businesses.

Key insights

  • Almost all SMEs (90 percent) are planning for growth. However the depth of their plans varies with most having performing a SWOT analysis (78 percent), defined their growth objectives (74 percent) and defined their customer segments (72 percent) however only 60 percent had developed a value proposition. However, less than half (47 percent) has completed a competitor analysis.
  • In contrast to this 73 percent of respondents said that effective marketing strategies had been a key to their success.
  • The vast majority are developing their growth plans internally, only 28 percent sought external assistance.
  • Fifty percent of businesses wanted to grow and believed their business had the potential to expand at a rapid rate but were simply not equipped with the right systems and practices to accommodate rapid growth.
  • Nearly one third of respondents are having difficulty attracting the right talent.
  • The day to day pressures of running the business take a significant toll on the ability to execute on growth plans with 76 percent saying they were too focused on the operational aspects of the business or running their internal operation to track revenue growth regularly. A further 17 percent were focused on customers and suppliers so didn't have the time to track revenue growth.

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© 2017 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

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