Small and Medium Enterprises (SMEs) need to transcend market challenges and empower a strong enterprise as well as technology driven economy in this era of disruptive technologies, said Human Resource Minister Richard Riot.
He said it was imperative for SMEs to continuously work at delivering significance within the business ecosystem.
“I wish all of you to be receptive to challenges, be proactive in learning and be willing to embraces changes.
“It is an innovative approach for you to adopt in order to remain competitive especially with tough economic challenges,” he said at the SME and Entrepreneurship Business Awards 2017.
Commenting on the awards, Riot said the award recognition would bring the spirit of entrepreneurship, resilience and innovation to industry players.
Among the recipients were Rizalman Ibrahim Couture Sdn Bhd, Pointray Malaysia Sdn Bhd, Velvet Sheen Sdn Bhd and Hot Media Sdn Bhd.