Sustainable business model for SMEs
FutureSME is carrying out research into the needs of SMEs, resulting in the development of a business model and project architecture. The model has identified four areas of capability that are required by a business in order for it to be successful. These include strategic, operational, managerial and adaptive capabilities, of which the adaptive capability is the most important for ensuring long-term sustainability. Transforming an SME into an adaptive enterprise is the job of the FutureSME architecture. This comprises a web portal, business diagnostics, resources to help with implementation, and a structured programme leading to accreditation. The business diagnostics have already been implemented for some end-user partners, while a self-assessment version is under development. The support environment contains a number of productivity methodologies such as Lean materials, a life-cycle tool set and 6 Sigma (business management strategy) for SMEs. A modified architecture for schools has also been piloted by the FutureSME initiative that will encourage youngsters to develop a best practice business philosophy. Tools, techniques and the delivery platform developed in FutureSME will enable organisations to boost their ability to adapt. The manufacturing model will be rigorously tested in SMEs and other companies across a number of manufacturing sectors within several countries. Results from FutureSME will be disseminated across the EU helping small- and medium-sized enterprises across Europe develop a sustainable business model. This model will enable companies to both reduce their environmental impacts and become wealth creators.
