Determining factors in MSMEs success: An empirical study in Mexico

Abstract

This work empirically analyzes the competitive factors that help make micro, small, and medium enterprises (MSMEs) successful. To do this, an empirical study with a sample of 614 companies in Guanajuato, Mexico, has been carried out. The results of the binary logistic regression analysis show that quality, technology, and innovation are the main variables that determine a company’s success. These findings could provide guidelines to help MSMEs improve their competitiveness, and they could help public administrations better support MSME growth.

Knowledge management requirements for information systems in small ventures: A fuzzy-set qualitative comparative analysis (fsQCA)

“…Thus, an information system, as a logical structure, requires components such as planning. The planning of information systems involves defining the strategy and systems plan based on the needs of the company, as the majority of small ventures continuously seek to update their processes through technological development (Beltramino et al, 2023;Bermeo Pazmiño & Saavedra García, 2018;Molina-Sánchez et al, 2022). Small businesses can understand the critical factors affecting the selection of information systems (Chang et al, 2012;Silva-Giraldo et al, 2023).…”

“…Various studies support the association between small business success and the use of information and communication technologies (ICTs) (Molina-Sánchez et al, 2022). Thus, information systems competences play a predictive role in the success of small businesses, facilitated by the utilization of diverse technologies (Eikebrokk & Olsen, 2007).…”

“…Thus, information systems competences play a predictive role in the success of small businesses, facilitated by the utilization of diverse technologies (Eikebrokk & Olsen, 2007). It is essential for small ventures to develop the necessary capabilities to effectively use, adapt, and modify technology to thrive in the current business landscape (Molina-Sánchez et al, 2022). The findings suggest that for small ventures to achieve technological development and efficiency in complex environments, they need to adopt innovative attitudes and carefully assess their needs in their respective environments.…”

“…Knowledge management has become increasingly important for small businesses, both directly and indirectly, as knowledge is considered a lifeline for growth and survival in the age of globalization and a rapidly changing technological landscape (Idrees et al, 2023;Ode & Ayavoo, 2020). Small ventures with welldeveloped technological capabilities are more likely to be innovative and successful (Molina-Sánchez et al, 2022;Philbin et al, 2022).…”

What business model factors make SMEs more profitable?

“…There exists a consensus in the specialized literature on the importance of incorporating innovation into a company, with the aim of ensuring its future viability, as can be seen from the work of Bash (2015) and Damanpour et al (2019), among others. Similarly, innovation favours the competitiveness and success of small businesses (Molina-Sánchez et al, 2022). In fact, viable companies change over time to constantly adapt to their context, bringing value to their customers, and therefore ceasing to innovate does not have a negative impact in the short term, but rather in the long term, since the effects of ceasing to innovate take time to reach the market (Viardot, 2011).…”