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Businesses need to adapt to change to grow

Published: 10 July 2025

For Quebec, small and medium sized enterprises (SMEs) are an engine of economic growth. Many SMEs have grown into prosperous companies, writes Bensadoun School in Retail Management student William Bernasconi in an article for the Conseil qu茅becois du commerce de detail. But it鈥檚 important to consider failures as well as successes. And local businesses have often struggled to grow because of operational constraints, shifting consumer behaviour, and intense competition. Companies need to be ready to adapt when necessary, and retailers that have resisted the digital transformation have found themselves less relevant with the rise of online shopping.

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