Determinants of business success of small and medium enterprises

Jasra, Javed Mahmood and Khan, Muhammad Asif and Hunjra, Ahmed Imran and Rehman, Rana Aziz Ur and Azam, Rauf i (2010): Determinants of business success of small and medium enterprises. Published in: International Journal of Business and Social Science , Vol. 2, No. 20 (2011): pp. 274-280.

Abstract

The small and medium enterprises (SMEs) play critical role in the development of the country. The success of SMEs depends on number of factors. This study examines the role of key factors in the success of SMEs in Pakistan. The study also investigates the relationship between SMEs success and its determinants. Target population of the study was SMEs operating in different lines of business from service to manufacturing. Sample size of this study was 520 small and medium lines of businesses. Responses of the subjects were collected through questionnaires. SPSS software is used for analysis. This study concludes that there is a significant relationship between business success and its determinants. The result also shows that financial resources are the most important factor in the success of business perceived by small and medium enterprises. The success of small and medium enterprises can contribute significantly in the development of the country.

• Item Type: MPRA Paper
• Language: English
• Keywords: Business success, financial resources, marketing strategy, technological resources
• Subjects: P - Economic Systems > P4 - Other Economic Systems > P42 - Productive Enterprises ; Factor and Product Markets ; Prices ; Population

References

Aggarwal, S. (2006). Social network and business success: the role of sub-cultures in an African context. American Journal of Economics and Sociology.

Audretsch, David. B. (2005). The economic role of small and medium enterprises: Journal of business economic, 22(5):20 – 31.

Butler, J. C. (2008). Psychometric Theory. New York: McGraw-Hill. Journal of Market Research Society 24(2): 98-122.

Cartsson, J. (2008). Qualitative Inquiry and Research Design. The Journal of small business finance, 2(1), 219-231.

Chami, (2006).Technological innovation in women-owned firms: Influence of entrepreneurial motivation and strategic intention, The International Journal of Entrepreneurship and Innovation, 4(1): 265-274.

Curran, M. (2007). Family enterprises as an important factor of the economic development: the case of Slovenia. Journal of Enterprising Culture, 11(2): 111-130.

Curran, M. (2007). Family enterprises as an important factor of the economic development: the case of Slovenia. Journal of Enterprising Culture, 11(2): 111-130.

Deakins,S.(2006).Competition and Knowledge in Javanese Rural Business. Singapore Journal of Tropical Geography, 23(1): 52-70.

European commission report, 2005

Hayami, F. (2009). Overview of Social Cognitive Theory and Self-efficacy, International Journal of Management 12(1): 44 -55.

Huggins, R. (2007). the success and failure of policy-implanted inter-firm network initiatives: Journal of small business Management, 33(4): 211-236.

Maad, D. C., & Liedholm, C. (2008). The dynamics of micro and small enterprises in developing countries. Journal of Finance, 26 (1): 61 -74.

Pitman, F. (2008). Internet cafe entrepreneurs: pioneers in information dissemination in Indonesia. The International Journal of Entrepreneurship and Innovation, 4(4): 251-263.

Robert, C.M. (2007) the hidden costs of accelerated product development. Journal of Product Innovation Management, 9(2): 188–199.

State bank of Pakistan report, 2007.

Swierczek, F. W, & Ha, T. T. (2007). Entrepreneurial orientation uncertainty avoidance and firm performance: an analysis of Thai and Vietnamese SMEs. International Journal of Entrepreneurship and Innovation, 4(1): 46-58.

The economic survey of Pakistan report, 2009

Thurik, M. (2007).Policy Induced Constraints on Small Enterprise Development in Asian Developing Countries: Small Enterprise Development, Journal of Small Business, 5(2): 66-78.

United Nations Industrial Development Organization (UNIDO) report, 2005.

Verhees, F. J. H. M., & Muhlenberg, M. T. G. (2009). Market Orientation, Innovativeness, Product Innovation, and Performance in Small Firms. Journal of Small Business Management, 42(2):25-38.

White paper on small and medium enterprises in Taiwan, 2006.