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In business, new problems need new solutions

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IN the distant past, entrepreneurs did not have to worry about such incidents as phishing, internet outages, software errors, malware, ransomware and data leaks. But they had to endure cold calls, flying overseas just for meetings and snail mail proposals.

When the world become interconnected, computer bugs surfaced. When email and other apps facilitated real-time communication, online scams proliferated. When it became possible to run a business online, fraudulent transactions invaded the web.In microeconomics, we are reminded, time and again, that profit maximization is the goal. If we look solely at the global gross domestic product growth trend, we're considerably successful.

One of the nonbank financing companies in the country, Global Dominion, initiated a recognition program for entrepreneurs that shows C.A.R.E. . It is a step to help influence more SMEs to become sustainable and innovative.'In the case of the Philippines, SMEs need innovation and better access to funding to grow commercially and sustainably,' Global Dominion COO Maria Carmela Laarni Felicidario said in an interview.

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