Tag: SME Competitiveness Rating For Enhancement

The concept of SME Competitiveness Rating for Enhancement (SCORE), a diagnostic tool used to rate and enhance competitiveness of SMEs based on their performance and capabilities, was first developed and introduced in 2007. The initial pilot was undertaken for companies in the manufacturing sector to gauge on the effectiveness of the grants companies received to improve their business performance. Since then, the SCORE process was accepted by various sub-sectors in Malaysia as it provides a gauge to measure the competitiveness and capabilities of companies at firm level. SCORE has also been used as a tool for business matching purposes for better market access as well as initial indicator for purposes of access to finance.