APEC SME Crisis Management Center

Under the rapid changes of the global business environment during past few years, when inflation attacked in the first three quarters of 2008, then suddenly changed to a financial crisis, and finally turned to recession, it is believed that this situation has made SMEs difficult to grasp the fluctuation of the global economic environment. SMEs are unable to identify crises and risks in the first place; it is usually too late when they perceive and recognize a crisis. It signals an urgent need for SMEs to strengthen their crisis management capabilities.