Cummins desires to be the low-cost producer in all markets. Therefore, for maximum benefit, we must utilize small businesses to help:
- Solve problems
- Reduce costs
- Achieve customer satisfaction
- Increase market share
- Create broader economic opportunities
Small Business Matters.
Small Business Matters to Business.
There is a Business Connection between Small Business and Profitability.
Companies with the Strongest Small Business Initiatives are Positioned for the Greatest Profitability.
Corporate small business development initiative provides a means for corporations to foster economic growth within the small business community and to bring more small business entrepreneurs into the mainstream of the American free enterprise system. Small business communities realize increased capital investment and employment opportunities where corporations are successfully implementing small business development programs. In addition, small business communities realize a reduced need for public assistance/social welfare programs, and an increased tax base.
Corporations also benefit from small business development programs through expansion of their markets, a larger pool of qualified suppliers/contractors, cost savings, and higher quality due to increased competition. Many corporations see a direct correlation between small business development and corporate economic development efforts in the communities where they do business. As customer demographics move to a higher and higher percentage of small business owners, corporations comfortable with cultural diversity and change, and responsive to their customers, will be the ones that thrive. Forward-looking corporations see small business development as a value-added way of doing business, as well as part of being a good corporate citizen.