RSM and Cham­ber of Com­merce launch the Medium Sized En­ter­prise Sur­vey

Malta Independent - - NEWS -

RSM – one of Malta’s lead­ing midtier firms – and the Malta Cham­ber of Com­merce, En­ter­prise and In­dus­try launched a re­search project to mea­sure the pre­vail­ing sen­ti­ment and trends amongst mid­dle-mar­ket op­er­a­tors in Malta.

‘The Medium Sized En­ter­prise Sur­vey’ is in­tended to pro­vide bench­mark­ing in­for­ma­tion at both mid­dle mar­ket level as a whole and the in­di­vid­ual sec­to­rial lev­els such as, man­u­fac­tur­ing, re­tail, health­care, pro­fes­sional and oth­ers.

Once the re­sults are pub­lished, the sur­vey will en­able re­spon­dents to compare their per­for­mance to both mar­ket and sec­to­rial lev­els. It will be con­ducted twice a year across a sta­tis­ti­cally sig­nif­i­cant sam­ple of re­spon­dents who will be in­vited to par­tic­i­pate in the sur­vey.

To date there is no sur­vey that fo­cuses solely and com­pletely on the medium sized en­ter­prises to give a clear in­di­ca­tion of: Their busi­ness per­for­mance in to­tal and by sec­tor; the eco­nomic, financial and em­ploy­ment is­sues fac­ing them and how the play­ers in this sec­tor are cop­ing with the present and the fu­ture chal­lenges.

The mid­dle mar­ket en­ti­ties that in­clude those em­ploy­ing be­tween 50 and 250 staff are an im­por­tant sec­tor in our econ­omy. Eco­nomic data in­di­cates that the mid­dle mar­ket seg­ment ac­counts for around 24% of the lo­cal work­force in Malta mak­ing them one of the larger em­ployer sec­tors in the coun­try.

Maria Mi­callef, Man­ag­ing Part­ner of RSM said: “Find­ings from the Medium Sized En­ter­prise Sur­vey will pro­vide factual data and in­for­ma­tion rel­e­vant to dif­fer­ent stake­hold­ers in­clud­ing medium sized en­ter­prises, pol­icy mak­ers and financial in­sti­tu­tions. No other re­search method can pro­vide this broad ca­pa­bil­ity to gather re­sults from which to draw con­clu­sions and make im­por­tant de­ci­sions. Re­search find­ings will be pre­sented to key pol­icy mak­ers and rel­e­vant stake­hold­ers to fur­ther the dis­cus­sion about strength­en­ing the grow­ing en­tre­pre­neur­ial spirit within the mid­dle-mar­ket seg­ment. We are also plan­ning a na­tional con­fer­ence to dis­cuss the find­ings after our sec­ond sur­vey is con­ducted.”

Kevin J Borg, Di­rec­tor Gen­eral at the Malta Cham­ber of Com­merce, En­ter­prise and In­dus­try said: “The mid­dle mar­ket in­dus­try has a num­ber of lo­cal and in­ter­na­tional chal­lenges and sta­tis­tics are par­tic­u­larly im­por­tant as they of­ten pro­vide some of the only ob­jec­tive in­for­ma­tion that dif­fer­ent stake­hold­ers may use when mak­ing de­ci­sions. Mid­dle mar­ket or­gan­i­sa­tions are a key com­po­nent of the lo­cal en­ter­pris­ing en­vi­ron­ment, given their in­dis­pens­able con­tri­bu­tion to the lo­cal econ­omy. His­tor­i­cally, these medium sized com­pa­nies have been hard to eval­u­ate be­cause of a lack of fo­cused in­stru­ments and timely col­lec­tion of data. Through this re­search project, the Cham­ber will be in a stronger po­si­tion to as­sist its mem­bers in strength­en­ing and grow­ing their busi­ness.”

Struc­tured around the sta­tis­ti­cal clas­si­fi­ca­tion model for eco­nomic ac­tiv­i­ties in the Euro­pean Com­mu­nity, RSM to­gether with the Cham­ber of Com­merce has de­vel­oped this tar­geted in­stru­ment to en­able the eval­u­a­tion of trends and per­for­mance of the mid­dle mar­ket at both a lo­cal and Euro­pean Union di­men­sion.

The de­vel­op­ment of a fo­cused mea­sure­ment mech­a­nism by RSM and Cham­ber of Com­merce is of great rel­e­vance to the busi­ness com­mu­nity within this seg­ment as it pro­vides for the first time a mid­dle mar­ket spe­cific bench­marks and com­par­a­tive data.

Sur­vey re­spon­dents will re­ceive free ac­cess to the Medium Sized En­ter­prise Con­fer­ence, a free copy of the An­nual Sur­vey Re­port, ac­cess to mem­ber in­for­ma­tion on­line and free ac­cess to mar­ket bench­marks by mar­ket and in­dus­try sec­tor.

RSM is the sixth largest net­work of in­de­pen­dent au­dit, tax and con­sult­ing firms, en­com­pass­ing over 120 coun­tries, 760 of­fices and more than 38,000 peo­ple in­ter­na­tion­ally. RSM Malta has been a mem­ber firm of RSM net­work for the past 11 years.

RSM Malta are gold col­lab­o­rat­ing part­ners of the Malta Cham­ber of Com­merce, En­ter­prise and In­dus­try.

Maria Mi­callef, RSM Man­ag­ing Part­ner, and An­ton Borg, Pres­i­dent Cham­ber of Com­merce, at a sign­ing ceremony mark­ing the launch of the re­search project

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