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Success Factors of Small and Medium Enterprises: The Case of Jordan

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  • Maher Al-Mahrouq

    (Department of Economics, The Hashemite University, Zarqa, Jordan)

Abstract

The importance of the small and medium-sized enterprises come from the vital role of the SMEs in the private sector and because SMEs considered as a labour intensive firms. However, there are some other internal factors that they could be the reason behind the success of these firms. The purpose of this paper is to identify the main factors that mostly used to reflect the success o Jordanian small and medium-sized enterprises. The data used in this study were provided by financial institutions that provide loans to the SMEs. The analysis is based on the results of the questionnaire survey that was distributed to the sample firms that includes 163 firms distributed over the main three sectors (Services, Manufacturing and Retail) and the three main governorates (Amman, Zarqa and Irbid). The descriptive statistical technique of factor analysis has been used for analysing data. The results indicate a set of five factors separately identifiable factors that have positive and significant impact on the success of the sample firms. These factors, when ranked in their order of importance are as follows: Technical procedures and technology, Structure of the firm, Financial structure, Marketing and productivity and Human resources structure.

Suggested Citation

  • Maher Al-Mahrouq, 2010. "Success Factors of Small and Medium Enterprises: The Case of Jordan," Zagreb International Review of Economics and Business, Faculty of Economics and Business, University of Zagreb, vol. 13(2), pages 89-106, November.
    • Handle: RePEc:zag:zirebs:v:12:y:2010:i:2:p:89-106
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    Citations

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    Cited by:

    1. Christian Hagin & Livingstone Divine Caesar, 2021. "The antecedents of success among small- and medium-sized enterprises: evidence from Ghana," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 11(1), pages 279-297, December.
    2. Ardjouman Diabate & Brou Mathias Allate & Dongping Wei & Liying Yu, 2019. "Do Firm and Entrepreneur Characteristics Play a Role in SMEs’ Sustainable Growth in a Middle-Income Economy like Côte d’Ivoire?," Sustainability, MDPI, vol. 11(6), pages 1-20, March.
    3. Alaa Alhorani, 2019. "The Success Factors of and Barriers Faced by Entrepreneurial SMEs in Jordon," The Journal of Social Sciences Research, Academic Research Publishing Group, vol. 5(8), pages 1265-1271, 08-2019.
    4. Ahmad Al-Tit & Anis Omri & Jalel Euchi, 2019. "Critical Success Factors of Small and Medium-Sized Enterprises in Saudi Arabia: Insights from Sustainability Perspective," Administrative Sciences, MDPI, vol. 9(2), pages 1-12, April.
    5. Jackson André da Silva & Nério Amboni & Anacleto Ângelo Ortigara & Alexandre Marino Costa, 2014. "Business DNA: an Analysis of Micro and Small Companies in the State of Santa Catarina," Brazilian Business Review, Fucape Business School, vol. 11(2), pages 115-134, March.
    6. Ardjouman Diabate & Hagan Sibiri & Linyu Wang & Liying Yu, 2019. "Assessing SMEs’ Sustainable Growth through Entrepreneurs’ Ability and Entrepreneurial Orientation: An Insight into SMEs in Côte d’Ivoire," Sustainability, MDPI, vol. 11(24), pages 1-26, December.
    7. Julie Ann Elston & Alois Weidinger, 2023. "An empirical examination of firm growth in the MENA region through the lens of Gibrat’s law," Small Business Economics, Springer, vol. 60(1), pages 121-131, January.
    8. Dobbelstein Thomas & Mason Roger B. & Kamwendo Andrew, 2020. "Consumer Perceptions of Critical Success Factors for Small Local Consumer Brands," Studia Universitatis Babeș-Bolyai Oeconomica, Sciendo, vol. 65(2), pages 65-89, August.
    9. Šárka Zapletalová, 2016. "Competitive Strategies: A New Perspective on the Internationalization of the Czech Enterprises," Working Papers 0035, Silesian University, School of Business Administration.

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