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Interpretive structural modelling of factors for improving competitiveness of SMEs

Author

Listed:
  • Rajesh K. Singh
  • Suresh K. Garg
  • S.G. Deshmukh

Abstract

The competitiveness of an organisation can be defined as its ability to sustain its long-term performance better than its competitors in the market. In this paper, various competitiveness factors are identified from the literature review and experts opinion. The Interpretive Structural Modelling (ISM) approach has been employed to develop the structural relationship among different factors of competitiveness to enable the Small and Medium Enterprises (SMEs) management to take strategic decisions. The paper has also tried to define the levels of different competitiveness factors based on their driving/dependence power and their mutual relationships. It is observed that cost reduction, on-time delivery, quality improvement, inventory management and competitiveness are weak drivers and dependent on other variables. Top management commitment, employees' training and participation, state-of-the-art technology, market research and analysis, vendor development, product design and development capability are at the bottom of the ISM model, indicating strong driving power.

Suggested Citation

  • Rajesh K. Singh & Suresh K. Garg & S.G. Deshmukh, 2007. "Interpretive structural modelling of factors for improving competitiveness of SMEs," International Journal of Productivity and Quality Management, Inderscience Enterprises Ltd, vol. 2(4), pages 423-440.
    • Handle: RePEc:ids:ijpqma:v:2:y:2007:i:4:p:423-440
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    Citations

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    Cited by:

    1. Marak Zericho R. & Pillai Deepa, 2021. "Supply Chain Finance Factors: An Interpretive Structural Modeling Approach," Journal of Management and Business Administration. Central Europe, Sciendo, vol. 29(1), pages 88-111, March.
    2. Rana, Nripendra P. & Barnard, Daniel J. & Baabdullah, Abdullah M.A. & Rees, Daniel & Roderick, Sian, 2019. "Exploring barriers of m-commerce adoption in SMEs in the UK: Developing a framework using ISM," International Journal of Information Management, Elsevier, vol. 44(C), pages 141-153.
    3. Ajay Chauhan & Swati Gupta & Sanjay Gupta, 2023. "An ISM and MICMAC Approach for Modelling the Contributors of Multibagger Stocks," Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 30(4), pages 677-699, December.
    4. Yogesh K. Dwivedi & Marijn Janssen & Emma L. Slade & Nripendra P. Rana & Vishanth Weerakkody & Jeremy Millard & Jan Hidders & Dhoya Snijders, 0. "Driving innovation through big open linked data (BOLD): Exploring antecedents using interpretive structural modelling," Information Systems Frontiers, Springer, vol. 0, pages 1-16.
    5. Sylvia Novillo-Villegas & Ricardo Ayala-Andrade & Juan Pablo Lopez-Cox & Javier Salazar-Oyaneder & Patricia Acosta-Vargas, 2022. "A Roadmap for Innovation Capacity in Developing Countries," Sustainability, MDPI, vol. 14(11), pages 1-20, May.
    6. Harshad Chandrakant Sonar & Vivek Khanzode & Milind Akarte, 2020. "A Conceptual Framework on Implementing Additive Manufacturing Technology Towards Firm Competitiveness," International Journal of Global Business and Competitiveness, Springer, vol. 15(2), pages 121-135, December.
    7. Yogesh K. Dwivedi & Marijn Janssen & Emma L. Slade & Nripendra P. Rana & Vishanth Weerakkody & Jeremy Millard & Jan Hidders & Dhoya Snijders, 2017. "Driving innovation through big open linked data (BOLD): Exploring antecedents using interpretive structural modelling," Information Systems Frontiers, Springer, vol. 19(2), pages 197-212, April.
    8. Anchal Gupta & Pradeep Kumar Suri & Rajesh Kumar Singh, 2019. "Analyzing the Interaction of Barriers in E-Governance Implementation for Effective Service Quality: Interpretive Structural Modeling Approach," Business Perspectives and Research, , vol. 7(1), pages 59-75, January.
    9. Santosh B. Rane & Yahya A. M. Narvel, 2021. "Leveraging the industry 4.0 technologies for improving agility of project procurement management processes," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 12(6), pages 1146-1172, December.
    10. Sushil, 2017. "Modified ISM/TISM Process with Simultaneous Transitivity Checks for Reducing Direct Pair Comparisons," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 18(4), pages 331-351, December.
    11. Márkus, Gábor & Rideg, András, 2021. "A magyar mikro-, kis- és középvállalatok versenyképessége és pénzügyi teljesítménye [Modelling and empirical analysis of relations between the competence-based competitiveness and financial perform," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(6), pages 617-644.
    12. Sanjeev Yadav & Sunil Luthra & Dixit Garg, 2022. "Internet of things (IoT) based coordination system in Agri-food supply chain: development of an efficient framework using DEMATEL-ISM," Operations Management Research, Springer, vol. 15(1), pages 1-27, June.
    13. András Rideg, 2015. "Role Of Core Competencies And Competitive Advantages In Evaluation Of Competitiveness Of Small And Medium Sized Enterprises: Empirical Study Based On Competitiveness Data Of Hungarian Firms," Enterprise Theory and Practice Doctoral School (ETPDS) Working Papers 17, Faculty of Economics, University of Miskolc.
    14. Jaya Priyadarshini & Rajesh Kr Singh & Ruchi Mishra & Surajit Bag, 2022. "Investigating the interaction of factors for implementing additive manufacturing to build an antifragile supply chain: TISM-MICMAC approach," Operations Management Research, Springer, vol. 15(1), pages 567-588, June.
    15. Suman Gothwal & Tilak Raj, 2017. "Analyzing the factors affecting the flexibility in FMS using weighted interpretive structural modeling (WISM) approach," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 8(2), pages 408-422, June.

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