Inception
SMED - Small and Medium Enterprise Developers is a project of Federation of Chambers of Commerce & Industry of Sri Lanka (FCCISL) in collaboration with the Friedrich-Naumann Foundation of Germany.
This project was established in 1989 to develop and promote the Small & Medium Enterprise (SME) sector in the country.
We are certified for ISO 9000-2000 and SA 8000.-2001.
Challenge and Opportunity
A challenge of business competition in today’s globalize, knowledge based economy is meeting the discrete demands of numerous client segments, not by supplying just goods and services but by providing to the clients solutions developed from proper blends of product utilities, supporting services, and timely deliveries. The business cutting edge has changed, from mass production with size-and scale as permanent competitive advantage to lean production with client responsiveness, speed, and constant reinvention of advantages.
In this environment, businesses with small organizations have no less competing opportunity than those larger the opportunity to develop niche, innovation, networking, and sound management. SMED’s task is to assist them developing their full competitive capability.
Vision
SMED will be a Centre of Excellence and the leading service provider to Sri Lanka Business Community.
Mission
To promote and foster business enterprises to be competitive, socially responsible and environment friendly and thereby to contribute for the socioeconomic development of Sri Lanka adhering to the principles of free market economy and to create an effective political impact.
Objectives
The primary objectives of SMED is the development and promotion of a market economy in Sri Lanka through the improvement of the competitive performances of individual Small and Medium Enterprises, as well as the strengthening of the organizations which represent the SME sector in the country.
- Acceleration of industrial/economic growth.
- Creation of employment/income opportunities.
- Enhancement of export capabilities
- Managerial capabilities of SME’s.
- Improvement of employee work safety.
- Enhancement of quality and productivity.
- Management of environment.
Strategy
SMED services are client based. It stratifies SMEs into four development stages: potential and emerging entrepreneurs, the existing SMEs afflicted by the economic crisis, those with fair sustainability, and those with high competitiveness. Its services are customized to meet the different needs of SMEs at each stage. The services also take into account sizes of SME’s organizations, business areas (production, agribusiness, technology transfer, trading, service, , etc.) and attending persons (executives, employees, business successors, etc.). The services have to be effective, time-affordable, and economical for SMEs of each target group.
To assure quality service, SMED comprehensively monitors and evaluates the services on inputs, processes,, outputs, and outcomes. By “hand-holding” SMEs, it tracks the individual and responds to changing parameters.
Location
FCCISL is located at Vauxhall Lane. It’s land mark will be the Insurance Corporation of Sri Lanka. Walking distance from the main Slave Island Junction.
Address
Small & Medium Enterprise Developers ,
Federation of Chambers of Commerce & Industry of Sri Lanka ,
53, Vauxhall Lane, Colombo 00200,
Sri Lanka.
Tel: +94-11-2304287-9
Fax: +94-11-2304291
