Growth Of Small Enterprises Research Articles

The Influence of Internal Locus of Control and Entrepreneurial Skills Training on the Growth of Micro and Small Enterprises in Bomet County, Kenya

There is an ongoing argument that internal locus of control of business owners or managers can be related to the growth and survival of the business. The internal locus of control might be affecting the growth of enterprises as internal locus of control of an entrepreneur differs from the characteristics of a non-entrepreneur Some researchers have tried to define success in terms of turnover, sustainability, and growth. Some researchers have observed that entrepreneurial traits are indicators of success. The general research issue that has to be addressed in this study is the fact that, in addition to financing and markets, there are additional variables impacting the high mortality rate and stunted growth of micro and small firms in Kenya, particularly in Bomet County. So, this study will look at the connection between the development of micro and small businesses in Bomet County and internal locus of control. In this study, the moderating impact of training in entrepreneurial skills will be examined. The target population was micro and small enterprises in Bomet County which were 14,574 in number in 2016. The unit of observation was the managers and owners of these enterprises. The unit of analysis in the micro and small enterprises in Bomet County and their growth over the past five years. The study used a stratified sampling technique to pick the respondents from the manufacturing, trade, and services strata of micro and small enterprises. The sample size was 384 micro and small enterprises. Data was collected using a questionnaire. Data collection was done by administering the instrument to the owners or managers of the enterprises. The data was processed using computer software. The association between the internal locus of control of entrepreneurs and the expansion of businesses was established using a multiple regression model. The main conclusions were that the expansion of businesses in Kenya's Bomet County is influenced by internal locus of control. The study's main advice is that the key participants in the firms should train to develop the traits of owners and managers. This study also suggests that not everyone can succeed as an entrepreneur. Resources and a methodology should be available to find future entrepreneurs. The necessary resources cannot be accessed before identification.

Physical and Technological Capital Efficiency for Profit Growth in Small and Medium Enterprises in Gauteng, South Africa: A Descriptive Qualitative Study

The increasing number of businesses closing down and the persistent slow growth of small and medium enterprises (SMEs) within the manufacturing sector is a serious concern globally, including in South Africa. The SMEs that are currently existing are operating below the required efficiency level. Physical and technological capital efficiency integrating manufacturing systematic planning, work study, standardisation and inventory management to improve the profit of SMEs in Gauteng South Africa is inadequate, which is a major concern. This study aimed to explore the physical and technological capital constraints affecting SMEs’ profit growth and develop the physical and technological capital efficiency adoption model merging manufacturing systematic planning, work study, standardisation and inventory management for SME profit growth in Gauteng. The study was qualitative, exploratory and descriptive in nature. Face-to-face interviews were conducted targeting 15 owners/managers amongst SMEs in Gauteng. The findings show the most common causes of slow profit growth, which involve poor material handling, unfavourable workplace layout, unscheduled machine maintenance, network challenges, failure to adhere to workplace standards, insufficient product and material recording systems and poor work methods and procedures. The study revealed major concerns for SMEs that required intervention for these enterprises to sustain their profit growth. Thus, the adoption of the model concerning the incorporation of physical and technological capital efficiency tools to advance manufacturing operations be considered as the contributing insight into the profit growth of SMEs in Gauteng. Thus, this study recommends that the government creates an enabling environment for the adoption of this model for SMEs.

CONTRIBUTION TO ECONOMIC GROWTH, COMPETITIVENESS AND INNOVATION OF MICRO AND SMALL ENTERPRISES IN GUAYAQUIL IN THE CONTEXT OF NEW INFORMATION AND COMMUNICATION TECHNOLOGIES (NTICs)

A documentary review was carried out on the production and publication of research papers referring to the study of the variables Economic Growth, Competitiveness and Innovation of theMicro and Small Enterprises of Guayaquil in e l context d e l as New Technologies d e l a Information and Communication . The purpose of the bibliometric analysis proposed in this document was to know the main characteristics of the volume of publications registered in the Scopus database during the period 2018-2022, achieving the identification of 49 publications. The information provided by this platform was organized through graphs and figures categorizing the information by Year of Publication, Country of Origin, Area of Knowledge and Type of Publication. Once these characteristics have been described, the position of different authors towards the proposed theme is referenced through a qualitative analysis. Among the main findings made through this research, it is found that Ecuador, with 49 publications, was the country with the highest scientific production registered in the name of authors affiliated with institutions in that country. The Area of Knowledge that made the greatest contribution to the construction of bibliographic material referring to the study of the Contribution toEconomic Growth, Competitiveness and Innovation of Microand Small Enterprises of Guayaquil in e l context d e l as New Technologies d e l a Information and Communication was Computer Science with 19 published papers, and the Publication Type that was most used during the period indicated above was the Journal Article with 31 documents, each, of the total scientific production.

Implications of Social Media and Socio-Economic Activities on Micro and Small Enterprises in India

Purpose: The purpose of this research is to examine the implications of social media and socio-economic activities on micro and small enterprises in India. Theoretical framework: The study will be based on the theories of social capital, network effects, and digital divide. Design/methodology/approach: The research will be conducted using a mixed-methods approach, including both qualitative and quantitative data collection methods. Surveys and interviews will be conducted with micro and small enterprise owners in India to gather data on their use of social media and their socio-economic activities. Findings: The findings of the study will explore the ways in which social media and socio-economic activities impact the growth and success of micro and small enterprises in India. This includes the potential for increased connectivity and networking opportunities, as well as the potential for digital divide and limited access to resources. Research, practical and social implications: The research will have implications for policymakers and small business owners in India, as it will provide insight into the potential benefits and challenges of using social media for small business growth and success. It will also contribute to the broader literature on the impact of digital technologies on small businesses in developing countries. Originality/value: This study fills a gap in the literature by focusing on the specific context of micro and small enterprises in India, and by using a mixed-methods approach to explore the implications of social media and socio-economic activities on these businesses.

The impact of accessible capital on labor growth of small and medium enterprises in Vietnam

There are significant constraints that limit the present SMEs from extending up in terms of labor and employment. Firms have a higher demand for workforce and thus create employment when enlarging their business operation scale. There has been a theoretical gap related to the labor growth of SMEs in developing countries, such as Vietnam, and a necessity of finding solutions to overcome difficulties in accessing capital to foster firms’ labor growth. Most of the previous studies on growth used the statistical frequency method. Meanwhile, the results of the Bays method can ignore the influence condition due to the small sample or missing observations. While previous studies often used debt ratio or financial leverage in the model, these are two different approaches. This study used the Bayesian estimation method to examine the labor growth of SMEs in Vietnam due to the impact of equity and liabilities, which better reflects the impact of each specific component of capital used for business growth, along with a group of control variables. The research results demonstrate that debt has a positive effect while equity has a negative impact on business growth. Enterprise size, male entrepreneurs, and businessmen with educational and vocational qualifications in the group of undergraduate and graduate, college, and vocational secondary schools have a positive impact on the growth of enterprises. Firm age, export factors, and untrained entrepreneurs have a negative impact on firm growth.

Effects of Social Capital, Financial Access, Innovation, Socioeconomic Status and Market Competition on the Growth of Small and Medium Enterprises In West Java Province

This study aimed to investigate the effects of social capital, financial access, innovation, socioeconomic status, and market competition on the growth of small and medium enterprises (SMEs) in West Java Province. A cross-sectional survey design was employed, and data were collected from 384 SMEs using a structured questionnaire. Descriptive statistics, correlation analysis, and regression analysis were used to analyze the data. The findings showed that social capital, financial access, innovation, socioeconomic status, and market competition had a significant positive effect on the growth of SMEs in West Java Province. The study contributes to the existing literature by providing empirical evidence on the relationship between these factors and the growth of SMEs.

The impact of ICT on inter-organizational knowledge sharing for SMEs growth

It is common knowledge that information and communication technologies (ICTs) have made continuous inroads in the knowledge management field; thus, this study is modeled to examine the impact of ICTs on inter-organizational knowledge sharing (IOKS) and its subsequent effect on the growth of small and medium-sized enterprises (SMEs). The study adopts a descriptive survey design, using the quantitative research approach. Using the simple random sampling technique, a web-based questionnaire was used to collect data from 187 respondents. Results showed that IOKS among SMEs is not carried out to a great extent, which means that it is not a common practice among SMEs. Findings showed that less than half of the SMEs used training programs, internship programs, research collaboration and workshops for IOKS. It further showed that IOKS enhances sales, productivity, profit, organizational assets and equity. This study provides evidence of how ICT systems/tools have been used in IOKS and their impact on the growth of SMEs.

Analysis on Factors Affecting the Growth of Micro and Small Enterprises: The Case of Gulele Sub-City, Addis Ababa, Ethiopia

Micro and small enterprises are the integral parts of industrial development and considered as the cornerstones of a vibrant entrepreneurial economy and social transformation especially in developing countries. The government of Ethiopia has given sizable recognition and credit for the expansion of these enterprises. However, due to various socioeconomic and political factors including cumbersome bureaucratic procedures, they have been subjected to undergrowth, stagnation, and disappearance. This study, thus, aims to examine factors affecting the growth of micro and small enterprise in Addis Ababa city particularly in Gulele Sub-city, Woreda 03. The study used mixed research approach. The data for this study were collected using survey questionnaire from 120 enterprise leaders/owners/ who were selected via random stratified sampling method. Descriptive statistics, growth rate method, and multiple linear regression model were applied for quantitative data analysis. The analysis reveals that enterprises grew with the rate of 0.20, but growth rate had no similar trends among different sectors: service, trade, manufacturing, urban agriculture, and construction. Moreover, the regression analysis shows that out of eleven explanatory variables, age, gender, and work experience of leaders or owners jointly with age of enterprise, number of total employees, suitability of working place, marketing problem, and government’s policies had significant contribution on the growth of micro and small enterprises in the study site. In conclusion, the growth of the enterprises was affected by various socioeconomic, demographic, environmental, and policy related factors. Therefore, all stakeholders should work jointly to overcome the existing problems, create workable environment, and develop practicable strategies to increase the performance and harness the tremendous contributions of the sector for job opportunity and economic transformation.
 Keywords: Micro and Small Enterprise; determinant; Growth, Addis Ababa

The Relationship Between Mobile Money Services and Small and Medium-Sized Enterprise Growth in Bamenda, Cameroon: A Probit Model Approach

ABSTRACT The main objective of this article is to determine the relationship between mobile money services and the growth of small and medium enterprises (SMEs). A sample of 50 SMEs was collected. The probit model was used to estimate the result. The study established that mobile money services have a positive and significant relationship with the growth of SMEs. The determinants of mobile money services observed are; experience in business management, frequency of bill payment, size of business, male entrepreneur, operation of mobile money account, frequency of purchasing airtime, distance to financial institutions, number of business branches, mobile money accounts held, secondary education, technical support, location of business, number of workers and size of capital transaction. The challenges faced by entrepreneurs in mobile money transactions observed are: wrong manipulation of account, delays, environmental complexities, and loss of money due to hawkers. The result suggests that SMEs should intensify the use of mobile money services in their daily business transactions. It is a wise step toward business expansion. Entrepreneurs of SMEs should take advantage of the drivers of mobile money services to encourage the diverse use of digital technologists. Finally, entrepreneurs should avoid risky manipulations of their mobile money gargets.

Land use regulations and small tourism enterprises

Land use regulation, while critical for economic development, is complex to implement, and can lead to unintended consequences. Despite the importance of land use in tourism, there remains scarce discussion on the micro-level impact of land use regulations on tourism development. Within the regulatory impact assessment framework, this study assesses the impact of land use regulations on the economic competitiveness and growth of small tourism enterprises. Through our empirical study, we argue that despite expanded access to land use rights, the economic impact on tourism enterprises may not be entirely positive due to their increased risks, and unclear benefits to local economic development, bringing into question competitiveness and growth potential of tourism enterprises impacted by such regulations.

Tax Determinants and Sustainable Economic Growth of MSMEs in South – South, Nigeria

This study investigated the influence of tax determinants on sustainable economic growth of micro, small and medium enterprises (MSMEs) in South-South, Nigeria. A cross sectional survey design was conducted on a sample of micro, small and medium enterprises (MSMEs) in South-South, Nigeria. The study anchored on the fiscal exchange theory. Primary data was collected using a questionnaire with a five-point Likert scale. The sample was 535 owners of micro, small and medium enterprises (MSMEs) taxpayers were purposively selected. The data collected was presented with the use of descriptive statistics, while bivariate and multivariate analysis was used in the estimation of the regression model developed for the study. The results suggested that tax knowledge positively and significantly influenced sustainable economic growth among MSMEs in south-south Nigeria; tax compliance cost positively and significantly influenced sustainable economic growth among MSMEs in south-south Nigeria; tax awareness has no positive and significant impact on sustainable economic growth among MSMEs in south-south Nigeria; taxpayers’ perception on accountability positively but not significantly influenced sustainable economic growth among MSMEs in south-south Nigeria and tax rate positively and significantly influenced sustainable economic growth among MSMEs in south-south Nigeria. On the basis of the findings, the study concluded that tax determinants influence the level of sustainable economic growth of micro, small and medium enterprises in South-South Nigeria. The study recommended amongst others that government should continuously invest on tax education both at the basic and secondary levels of education. This can be done by putting in place tax clubs in different schools so that as learners get to the taxpaying brackets they are fully aware of tax responsibilities as well as improve tax information thereby simplifying tax procedures for higher revenue generation for sustainable economic growth.

Determinants of Tax Compliance Behaviour and Sustainable Economic Growth Among MSMEs in Nigeria

This study examined the effects of determinants of tax compliance behaviour on sustainable economic growth of micro, small and medium enterprises (MSMEs) in South-South, Nigeria. The study anchored on the economic deterrence theory and cross sectional survey research design was used on a sample of MSMEs in South-South, Nigeria. The primary data was collected using a questionnaire with a five-point Likert scale and a sample size of 535 using convenience sampling. The data collected were analysed using descriptive statistics, bivariate analysis while multivariate analysis was used in the estimation of the regression model developed for the study. The findings revealed that tax penalty has positive and significant influence on sustainable economic growth among MSMEs in south-south of Nigeria; tax fairness has positive and significant influence on sustainable economic growth among MSMEs in south-south of Nigeria; perceived opportunities of tax evasion has negative and insignificant influence on sustainable economic growth among MSMEs in south-south of Nigeria; tax audit has positive and significant effect on sustainable economic growth among MSMEs in south-south of Nigeria; and tax system has positive and significant influence on sustainable economic growth among MSMEs in south-south of Nigeria. On the basis of the findings, the study concluded that tax determinants such as tax penalty, tax fairness, tax audit, tax system and opportunity for evasion affects the level of sustainable economic growth among micro, small and medium enterprises in South-South Nigeria. The study recommended amongst others that government should expand the tax administration system in Nigeria and strengthen tax collection schemes and follow up procedures on MSMEs. Also frequent tax reforms designed and implemented that would increase revenue generation through tax collection and consequently stimulating sustainable economic growth of Nigeria.

Knowledge as a mediator for innovativeness and risk-taking tolerance of female entrepreneurs in Indonesia

In the rapidly evolving small business environment of Indonesia, female entrepreneurs also play a crucial role. Information sharing and knowledge exchange are inseparable factors in the rapid growth of small and medium enterprises (SMEs), thus the influence of knowledge management influences risk-taking attitude and is closely related to innovativeness. Only a small number of studies, however, have looked at knowledge management in connection to innovation, optimism, and whether the impact is influenced by the firm’s risk-taking attitude. This study aims to investigate the connection between the innovativeness, information management, optimism, and risk-taking tolerance of female companies. By disseminating structured surveys, we took a quantitative strategy. To analyze the data we gathered, we used the SEM-PLS method. Our findings demonstrate how creativity significantly improves risk tolerance and information management. We also conclude that optimism greatly enhances risk tolerance and information management. Additionally, knowledge management increases a person’s ability for taking calculated risk.

Strategic flexibility and growth of small and medium-sized enterprises: a study of enablers and barriers

PurposeThis article investigates how strategic flexibility (SF) is achieved in small and medium-sized enterprises (SMEs), exploring whether SF contributes to firm growth and the associated enablers and barriers of SF.Design/methodology/approachTo offer a more nuanced view of SF in SMEs, a qualitative approach is applied. Researchers conducted and analyzed 91 interviews with owners and chief executive officers (CEOs) of SMEs exhibiting high growth and explored whether SF contributes to firm growth and the associated enablers and barriers of SF.FindingsThe results show a connection between SF and firm growth and confirm the importance of strategic orientation for SF in SMEs. Contrary to the existing literature, this study found a neutral impact of external networks and a positive impact of slack resources on SF. The lack of competent employees emerged as a considerable barrier to SF in SMEs.Research limitations/implicationsMore research focusing on the relationship between SF and firm growth is suggested, as well as further research about the relevance of slack resources and external networks as enablers of SF in SMEs.Practical implicationsMotivating and developing valuable employee competence are the key managerial implications. Additionally, business consultants and business developers in the public sector must find ways to increase business consultants and business developers' relevance to SMEs.Originality/valueThis article explores SF in SMEs, a context of disagreement in previous literature, and finds that SF contributes to SME growth. A qualitative approach is used, enrichening a field dominated by quantitative methodological choices.

An Analysis of Impact of Climate Finance on MSMEs and Entrepreneurial Growth

Improved development and better financing for economic growth may be achieved through sustainable Finance (SF).The natural system must be protected and restored to achieve sustainable development. SIDBI, NITI Aayog, and the WorldBank work together to make SF available to businesses of all sizes, from Microenterprises to Multinational conglomerates.Financial instruments such as climate funds, green bonds, impact financing, social bonds, microfinance, the SIDBI SF Schemefor funding, NABARD, and Make in India are the most important sources of sustainable financing for Small and Mediumsizedbusinesses enterprises (MSME). As part of its commitment to achieving net-zero emissions by the year 2070, Indiahas several MSMEs and SMEs involved in the Projects of solar power plants; renewable energy; green machinery; wastemanagement; electric vehicles (EV); clean energy; recycling; poverty alleviation; and energy conservation. As a way tohelp the green economy flourish and to satisfy the sustainable development goals (SDGs) and ESG (Economic, Social, andEnvironmental) fundraising requirements, the RBI has determined that eco-friendly and environmentally friendly initiativesshould be prioritized for priority sector lending (PSL). This article analyzes financial mechanics for green production andsustainable development using theoretical notions. Increasing the ESG to support long-term economic growth and thesustainability of small and medium-sized enterprises (SMEs) and large corporations (Government of India) through climatechange missions is essential.

Potential to Setting Up of Maritime Clusters in Angola

This paper seeks to address the relationship between the concentration of economic activities associated with the sea and Angola’s economic development. The investigation on Maritime Clusters arises from the fact that Angola has maritime infrastructures and a strong maritime activity being the sea hinterland of landlocked countries in Southern and Southern Central Africa. It is also experiencing socio-economic and demographic changes generated by economic activities with a relevant impact on the business environment, bringing about opportunities for the establishment of industrial clusters in particular maritime clusters. Thus, this paper aims to understand that the setting up of clusters might reduce regional asymmetries and poverty in the country, showing the importance of maritime clusters for economic development and job creation by enhancing the growth of solid micro, small and medium-sized enterprise (MSME). It also enables to understand that maritime clusters are relevant not only to the diversification of country’s economy that is still largely dependent from the oil industry but also to the integration of the Angolan economy in the Southern African Development Countries (SADC). Regarding the existing gap in knowledge about the issue, this research work represents an analytical contribute for further research initiatives, particularly quantitative nature.

E-payment Administration and the Growth of Small and Medium Enterprises (SMEs) in Southeast Nigeria: An Evaluation of Cashless Policy

Nigerian payment systems are cash based although the use of electronic payment system such as online banking services, automated teller machine services and the mobile banking services started gradually in 2011 with the introduction of cashless policy, which became operational in 2023. This study examined the impact of the cashless policy of the government on the performance of small-scale enterprises in Southeast – Nigeria. It explored the availability of required e-payment facilities, the effectiveness of e-payment administration, and the impact of cashless policy on the performance of SMEs in the region. Descriptive survey design and researcher’s designed questionnaire were adopted to generate data from 500 respondents that were randomly chosen from five states in southeast Nigeria, while statistics of percentages, and SPSS tools were used to analysis the data. Results of the analysis reveal inadequate supply of e-payment facilities and lack of IT skills for managing e-payment transactions among majority of the respondents. In addition, it revealed the ineffectiveness of e-payment system in the management of SMEs with significant negative impact on the performances of SMEs in southeast Nigeria. Among others, the paper recommends awareness creation and sensitization about the cashless economy, and adequate provision or the modernisation of e-payment facilities to ensure the effectiveness of the policy.

THE INFLUENCE OF GROWTH OF MICRO SMALL AND MEDIUM ENTERPRISES (UMKM) AND UNEMPLOYMENT ON GROWTH INDONESIAN ECONOMY

This study aims to determine the influence of MSMEs (Micro, Small and Medium Enterprises), and unemployment on economic growth in Indonesia. In this study it was taken only 15 years. This research uses quantitative research methods. This research model uses multiple linear regression. The results of the study Partially the growth of Micro, Small and Medium Enterprises (MSMEs) has a negative and significant effect on Indonesia's Economic Growth. While unemployment has a negative and significant effect on Indonesia's growth. Simultaneously the Growth of Micro, Small and Medium Enterprises (MSMEs) and Unemployment have a positive and significant effect on Indonesia's Economic Growth. The magnitude of the influence of the variables Micro, Small or Medium Enterprises (MSMEs) and unemployment on Indonesia's Economic Growth is 60, 92%. While the rest is influenced by other variables outside the model of 39.08%.

Predominant Leadership Styles Used by SMES In Zimbabwe: A Case of Bulawayo’s Central Business Area

The growth and success of Small and Medium Enterprises (SMEs) is key to the sustainable development of developing countries such as Zimbabwe where deplorable unemployment rates and gigantic gaps between the rich and the poor are widespread. Although SMEs have the capacity to drive economic growth and act as a panacea to the challenges that have bedevilled many African countries, they suffer from high failure rates caused by lack of managerial skills and inappropriate leadership style. The study sought to identify the predominant leadership styles used by SMEs in Zimbabwe by adopting a quantitative research design where a survey was used. Primary data was collected from 241 participants from Bulawayo’s Central Business Area through the use of a closed-ended questionnaire. The study identified two leadership styles namely selective participation style and directional leadership style that were used by SMEs in Zimbabwe. The study concluded that the predominant leadership style used was the directional leadership style. SMEs leaders are encouraged to identify and use a style that will be appropriate for the situation at hand rather than relying only on one style irrespective of the situation.

Strengthening Digital Capabilities and Entrepreneurship For SMEs in the Creative Economy Sector During a Pandemic

An important aspect in the development of the local economy is MSMEs' ability to support productive human resources, allowing people to live their lives as a means of earning a living. Entrepreneurship is characterized by the ability to transform current resources into goods and selling points via the use of ingenuity. The Covid-19 pandemic sparked the growth of micro, small, and medium-sized businesses (MSMEs). The pandemic of Covid-19 has slowed most economic sectors, particularly MSMEs. Many MSME performers are unable to grow and end up in bankruptcy because of the overabundance. This is the reason why small and medium-sized businesses (SMEs) are embracing digitization initiatives. Using a marketplace (intermediary) and social media as a marketing strategy is the method of digitalization. Digital MSME players must also be able to collaborate with netizens in promoting their goods and services, as outlined in this article. Because of this, the digital MSME development strategy is a viable option to safeguard small businesses from the Covid-19 pandemic. This article uses a process known as a literature review to examine numerous works on the growth of digital small and medium-sized enterprises (SMEs). According to this article, amid the Covid-19 pandemic in Indonesia, the growth of digital MSMEs has emerged as a viable option for saving and establishing a digital enterprise.