Analyzing Success Factors of Small and Medium Enterprises (SMEs): A Study in Iranian Context
DOI:
https://doi.org/10.52547/ijimes.2.1.43DOR:
https://dorl.net/dor/20.1001.1.27832678.2022.2.1.3.0Keywords:
Success Factors (SFs), Small and Medium-Sized Enterprises (SMEs), Interpretative Structural Modeling (ISM)Abstract
Purpose: This study aims to identify and analyze the success factors of small and medium-sized enterprises (SMEs) following the lines of dynamic capabilities and resources-based views.
Methodology: To achieve this objective, the multiple case study method was followed, where 20 SMEs/cases in Iran were selected. For this purpose, the statistical population of the research is the managers, experts and experts of small and medium-sized enterprises. For determining the sample size, a targeted sampling method has been used. The reliability of the questionnaire was also confirmed by Cronbach's Alpha (α = 0.971) and its validity was confirmed by experts and experts. Finally, ISM technique used to analyze information.
Findings: From a content analysis of the interviews conducted to the owner-managers of these SMEs, the most important success factors identified were: 1) Business environment, 2) Capital availability, 3) Business support, 4) Leadership and Management, 5) Business characteristics, 6) Individual factors, 7) Government Support, 8) Infrastructure, 9) Human Resource Management and 10) Networks/Partnerships.
Downloads
References
Al-Tit, A., Omri, A. and Euchi, J. (2019), Critical Success Factors of Small and Medium-Sized Enterprises in Saudi Arabia: Insights from Sustainability Perspective, Adm. Sci, 9, 32; pp. 1-12.
Gupta, N. and Mirchandani, A. (2018), Investigating entrepreneurial success factors of women-owned SMEs in UAE. Management Decision 56, pp. 219–32.
Al-Tit, A. (2017), Factors Affecting the Organizational Performance of Manufacturing Firms. International Journal of Engineering Business Management, 9, pp. 1–9.
Nahr, J. G., Nozari, H., & Sadeghi, M. E. (2021). Green supply chain based on artificial intelligence of things (AIoT). International Journal of Innovation in Management, Economics and Social Sciences, 1(2), 56-63. https://doi.org/10.52547/ijimes.1.2.56
Omri, A., Ayadi-Frikha, M. and Amine Bouraoui, M. (2015), an empirical investigation of factors affecting small business success, Journal of Management Development, 34, pp. 1073–93.
Rodrigues, M., Franco, M., Silva, R. and Oliveira, C. (2021), Success Factors of SMEs: Empirical Study Guided by Dynamic Capabilities and Resources-Based View, Sustainability, 13, pp. -17.
Nozari, H., Szmelter-Jarosz, A., & Ghahremani-Nahr, J. (2021). The Ideas of Sustainable and Green Marketing Based on the Internet of Everything—The Case of the Dairy Industry. Future Internet, 13(10), 266. https://doi.org/10.3390/fi13100266
Muhammad, M.Z.; Char, A.K.; Yasoa, M.B. and Hassan, Z. (2010), Small and Medium Enterprises (SMEs) Competing in the Global Business Environment: A Case of Malaysia. Int. Bus. Res, pp. 33-66.
Pourebadollahan Covich, M., Samadzad, S., & Vafaei, E. (2010), Market Structure, Conduct and Performance Paradigm Reapplied in the Iranian Shoes and Leather Industries. The Journal of Economic Policy, 2(3), pp. 1-19.
Samadzad, S. and Hashemi, M.A. (2021), Human Resource Productivity and Work - Life Balance in Learning Organizations, Int. J. Inn. Man. Eco, Soc. Sci. 1(3), pp. 32-45.
Sen, B. and Taylor, R., (2007). Determining the Information Needs of Small and Medium-Sized
Enterprises: A Critical Success Factors Analysis, Information Research, 12 (4), pp. 1-12.
Wijewardena, H, and De Zoysa, A., (2005), A Factor Analytic Study of the Determinants of Success in Manufacturing SMEs, 35th EISB Conference-Sustaining the Entrepreneurial Spirit Over Time, Barcelona, pp. 12-14.
Chawla, Sudhir K., Dan Khanna, and Jin Chen. 2010. Are small business critical success factors same in different countries, SIES Journal of Management 7, pp. 1–12.
Chong, Wei Ying. 2012. Critical success factors for small and medium enterprises: Perceptions of entrepreneurs in urban Malaysia. Journal of Business and Policy Research, 7, pp. 204–15.
Ng, H. S., and Kee, D. H. H. (2012), the issues and development of critical success factors for the SME success in a developing country. International Business Management, 6, pp. 680–91.
Nikolic, N., Dhamo, Z., Schulte, P., Mihajlovic, I. and Vasilika K. (2015), an analysis of factors affecting failure of SMEs. Paper presented at 11th International May Conference on Strategic Management, pp. 160–80.
Lampadarios, E., N. Kyriakidou, and G. Smith. (2017), towards a new framework for SMEs success: A literature review. International Journal of Business and Globalization 18, pp. 194–232.
Pedauga, L.; Saez, F. and Delgado-Marquez, B.L. (2021), Macroeconomic lockdown and SMEs: The impact of the COVID-19 pandemic in Spain. Small Bus, Econ.
Hung, S.C.; Hung, S.W. and Lin, M.J.J. (2014), Are alliances a panacea for SMEs, The achievement of competitive priorities and firm performance. Total Qual. Manag. Bus, 26, pp. 190–202.
Nouri, F., & Ghahremani Nahr, J. (2019). Structural-interpretative Patterns of Factors Affecting the Sustainable Development of Agricultural Production Cooperatives (Case Study: East Azerbaijan Province), Journal of Agricultural Economics and Development, 33(3), pp. 281-297.
Published
How to Cite
Issue
Section
License
Copyright (c) 2022 Saeideh Samadzad, Mirabbas Hashemi
This work is licensed under a Creative Commons Attribution 4.0 International License.
Publisher
