Exporting &Firm Competency in SME Development: A literature Review
Journal Title: IOSR journal of Business and Management - Year 2018, Vol 20, Issue 11
Abstract
Small and Medium Enterprise growth is a research area that has attracted considerable attention amongst the scholars. Recent reviews of the literature on small enterprise growth suggest that little is still known about the phenomenon, and conceptual development has been limited. One feature of growth studies seems to be that majority of growth studies considered only a single perspective and a small portion of the variables that are pertinent to growth literature. According to some researchers the growth of small enterprises is a complex, multidimensional phenomenon. A convergence of owner-manager factors, internal factors, and external factors impact upon growth of small enterprises. The abilities and motivations of owner-manager, and the actions taken by them to address issues related to these factors, determine the direction and performance of small enterprises. The resource based perspective has established its position in one of the most essential modern firm level theories and research on firm resources has attracted increasing attention in the past years. More recently, the emphasis has turned from identifying the resources needed for obtaining a competitive advantage to empirically explaining the relationships and links between resources and enterprise growth and the commonly utilized approach to enterprise growth is through the deterministic approach. The objective of this approach is to identify a stable set of explanatory variables, relating to the people, the firm, and its industry environment, that can explain a major proportion of the observed variation in business growth rates. There are many studies in this genre, with researchers typically applying multivariate techniques to large cross-sectional data sets to test the significance of associations between a wide range of determinants and the growth rates of small businesses in the literature .Majority of the growth studies relate to one of a number of theoretical perspectives or dimensions to derive hypotheses for empirical testing. It limits the ability to see the big picture. To overcome this limitation, it is needed to empirically combine primary perspectives or dimensions to develop a “comprehensive model” of small enterprise growth that is integrative, and both broad in scope and parsimonious in nature. The purpose in this research is to build integrative growth models of small enterprise growth, the researcher focused on four research dimensions namely; human capital, social capital, access to external resources and internal capabilities & business structure as the basis of this model.
Authors and Affiliations
S. Damayanthi Edirisnghe
Keywords
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