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Determinants of business success of small and medium enterprises

Author

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  • Jasra, Javed Mahmood
  • Khan, Muhammad Asif
  • Hunjra, Ahmed Imran
  • Rehman, Rana Aziz Ur
  • Azam, Rauf i

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.

Suggested Citation

  • Jasra, Javed Mahmood & Khan, Muhammad Asif & Hunjra, Ahmed Imran & Rehman, Rana Aziz Ur & Azam, Rauf i, 2010. "Determinants of business success of small and medium enterprises," MPRA Paper 40685, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:40685
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    File URL: https://mpra.ub.uni-muenchen.de/40685/1/MPRA_paper_40685.pdf
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    References listed on IDEAS

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    1. Mead, Donald C. & Liedholm, Carl, 1998. "The dynamics of micro and small enterprises in developing countries," World Development, Elsevier, vol. 26(1), pages 61-74, January.
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    Cited by:

    1. Okwu Andy Titus & Obiakor Rowland Tochukwu & Obiwuru Timothy Chidi, 2013. "Relevance of Small and Medium Enterprises in the Nigerian Economy: A Benchmarking Analysis," International Journal of Management Sciences, Research Academy of Social Sciences, vol. 1(5), pages 167-177.
    2. Mosharref Hossain & Yusnidah Ibrahim & Mohan Uddin, 2016. "Towards the Factors affecting Small Firm Growth: Review of Previous Studies," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 6(5), pages 217-235, May.
    3. Christian Nedu Osakwe & Nahanga Verter & Věra Bečvářová & Miloslava Chovancová, 2015. "SMEs Growth in the Czech Republic: Some Macroeconomic Perspectives," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 63(6), pages 2077-2084.
    4. Rufo R. Mendoza, 2015. "Financial Performance Of Micro, Small And Medium Enterprises (Msmes) In The Philippines," The International Journal of Business and Finance Research, The Institute for Business and Finance Research, vol. 9(4), pages 67-80.
    5. Chao-Hua Li, 2016. "From adaptive to generative learning in small and medium enterprises-a network perspective," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 6(1), pages 1-12, December.
    6. Afrim Hoti & Fitore Bekteshi, 2015. "Economic Sustainability of a New Born State," European Journal of Economics and Business Studies Articles, Revistia Research and Publishing, vol. 1, ejes_v1_i.
    7. Fakhrul Anwar Zainol & Wan Norhayate Wan Daud & Lawan Shamsu Abubakar & Hasnizam Shaar & Hazianti Abd Halim, 2018. "A Linkage between Entrepreneurial Leadership and SMEs Performance: An Integrated Review," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 8(4), pages 104-118, April.
    8. Ascarya & Siti Rahmawati, 2015. "Analysis The Determinants Of Micro Enterprises Graduation," Working Papers WP/1/2015, Bank Indonesia.
    9. Mashudu D. Mbedzi & Huibrecht M. Van der Poll & John A. Van der Poll, 2018. "An Information Framework for Facilitating Cost Saving of Environmental Impacts in the Coal Mining Industry in South Africa," Sustainability, MDPI, vol. 10(6), pages 1-20, May.
    10. Nevskiy, Sergei (Невский, Сергей), 2015. "The economic policy of the allies in the post-war West Germany (1945-1947 years) [Economic Policy of Aliens in Post-War West Germany (1945—1947)]," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 6, pages 40-78.
    11. Jackson Njau Waweru & Kennedy M. Waweru & Kenneth L. Wanjau & Josphat K. Kinyanjui, 2017. "Influence of Alternative Financing on the Relationship between Firm Size and Efficiency of Small and Medium Enterprises in Kenya," International Journal of Finance & Banking Studies, Center for the Strategic Studies in Business and Finance, vol. 6(6), pages 01-15, October.

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    More about this item

    Keywords

    Business success; financial resources; marketing strategy; technological resources;
    All these keywords.

    JEL classification:

    • P42 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Productive Enterprises; Factor and Product Markets; Prices

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