Hindering and fostering factors SMEs performance in the Western Province of Sri Lanka

Kumarasinghe, Pivithuru Janak

doi:10.17722/ijme.v9i2.361

Cited by 2 publications

(5 citation statements)

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“…From the first glance, a researcher might think resources availability and infrastructure's status are the developing nations' major challenge. Nonetheless, many developing countries neither have problem with resources availability nor infrastructure but with corresponding management (Ramukuma, 2014;Farsi & Toghrae, 2014;Džafić et al, 2011;Coad et al, 2012;Kumarasinghe, 2017;Al-Maskari et al 2019). Conversely, resources availability and infra state are among the key challenges in many developed countries (Wood et al, 2015;Kahiya & Dean, 2016;Paul et al, 2017).…”

Section: Discussionmentioning

confidence: 99%

“…Many researchers believe SMEs are resources constraint organizations (Ramukuma, 2014). Despite the researchers who are biased towards the financial domain in investigating SMEs problems (Levy, 1993;Pissarides, 1999), most studies have reported that SMEs major problems are access to finance, skilled staff, and the availability of raw materials (Džafić et al, 2011;Coad et al, 2012;Gunerergin et al, 2012;Cant & Wiid, 2013;Fatoki, 2014;Ramukuma, 2014;Agwu, 2014;Tran, 2015;Wang, 2016;Ericson et al, 2016;Serefoglu & Gokkaya, 2017;Kumarasinghe, 2017;Battistella et al, 2018;Al-Maskari, 2019;Sanyal et al, 2020). Paul et al (2017) mention that, unlike large firms, SMEs lack the ability to build a base of resources and capabilities overtime and, hence, they cannot benefit from crucial concepts such as economies of scale and scope, financial and technological resources.…”

Section: Discussionmentioning

confidence: 99%

“…In developing nations, Wang (2016) analyzes the barriers of growth throughout 119 countries and reveals that access to finance is the supreme barrier. Kumarasinghe (2017) explores hindering and fostering factors in Sri Lanka and identifies eight obstacles:-leaders' attitude, financial issues, labor availability, technology issues, entrepreneurial knowledge, feasibility study, and government support. Whereas, the raw material availability and government support are the success factor.…”

Section: Ii) Geographical Based Studiesmentioning

confidence: 99%

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Revisiting the Challenges Affecting SMEs Through Behavioral Approach

Shekar¹,

Hasan²,

Mubarak³

2021

IJARBSS

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The main aim of this study is to investigate the key challenges affecting small and medium enterprises (SMEs). Simultaneously, it would also discuss the background of those challenges, as well as recognizing the challenges that could be controlled by SMEs, and to propose a model. The paper is exploratory in nature and stands on secondary sources. The data are inclusive of scholarly and publicly sources. The data analysis is built on critical content analysis and theming process. Three figures are presented to demonstrate the methodology of study, the suggested model, and the linkage between the findings of study with the corresponding proposed constructs. The study recognizes six internal and external challenges that affect the SMEs. Resources management, entrepreneurial behavior, SMEs capabilities, problem solving and decision making, as well as leadership are the internal factors. The complexity of the business environment and social influence are external factors. It is found that SMEs organizational behavior is the principal domain behind these challenges. The study suggests practitioners should follow specific behavioral strategies such as entrepreneurial management (EM), transformational leadership (TL), strategic improvisation (SI), and dynamic capabilities (DCs) to overcome the different challenges and scale up their positions. As for the promoters, stimulating entrepreneurship among people and revising the training courses should be conducted to cope with market needs.

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Section: Discussionmentioning

confidence: 99%

Section: Discussionmentioning

confidence: 99%

Section: Ii) Geographical Based Studiesmentioning

confidence: 99%

See 1 more Smart Citation

Revisiting the Challenges Affecting SMEs Through Behavioral Approach

Shekar¹,

Hasan²,

Mubarak³

2021

IJARBSS

View full text Add to dashboard Cite

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“…The growth and expansion of SMEs in Sri Lanka are constrained by problems arising from the product and factor market and the regulatory system they are operating. Some of the causes for SMEs to fail in Sri Lanka may include a lack of access to finance, physical infrastructure, technology, regulatory framework, and access to markets [5]. The existence of insurance policies might help to safeguard businesses from aforesaid unexpected occurrences.…”

Section: Insurancementioning

confidence: 99%

“…Thus, SMEs are the greatest opportunity existing in Sri Lanka to boost our domestic economic growth in terms of regional development, employment generation, and poverty reduction. According to the Development Bureau, State Ministry of Youth Affairs 80% of the SMEs in Western province fail during the first five years after starting their operations [5]. This is mostly due to the difficulty of SMEs to secure finance because of the high level of risk and insufficient level of return associated with the industry.…”

Section: Introductionmentioning

confidence: 99%

Factors Impacting the Acceptance Level of Insurance Policies by Small and Medium Enterprises in Sri Lanka

Thathsarani

Wijayasinghe²

2022

AJEBA

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Aim: The focus of this study is to provide insight into the acceptance level of insurance policies by Small and Medium Enterprises (SMEs) in Sri Lanka. Study Design: Quantitative research strategy was incorporated into the study. Place and Duration of Study: Owners, managers, and employees of SMEs were identified as respondents for this study, between June 2020 and July 2021. Methodology: This study was conducted based on Primary Data gathered by distributing questionnaires. The sample profile is tested through frequency analysis. To evaluate the goodness of data, the reliability and validity of the measurement items are utilized. Here factor analysis, average variance extracted, Cronbach’s alpha values, and discriminant validity are tested. The multiple regression analysis is utilized to determine whether Lack of awareness, High premium cost and paperwork, Experience and beliefs, Low-Income level, Lack of knowledge, and lack of relationship between SMEs and Insurance companies affect the acceptance level of insurance by SMEs in Sri Lanka. Results: The overall results of the hypothesis of the study are presented based on multiple regression analysis. Sig. (p) values of Lack of Awareness (p =.010), Experience and Beliefs (p =.002), Low Income Level (p =.000), and Lack of Knowledge (p =.000). The findings revealed that Lack of Awareness, Experience, and beliefs, Low-income level and Lack of knowledge of SMEs have a significant impact on the acceptance level of insurance policies by SMEs. Conclusion: Lack of Awareness, Experience and beliefs, Low-Income level, and Lack of knowledge has caused to inhibit acceptance level of insurance policies by SMEs. In designing insurance plans for SMEs, these factors should be taken into account by Insurance providers.

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Hindering and fostering factors SMEs performance in the Western Province of Sri Lanka

Abstract: -It is very significant to understand what factors affect the failure of Small and Medium Scale Industries (SMEs

Cited by 2 publications

References 3 publications

Revisiting the Challenges Affecting SMEs Through Behavioral Approach

Revisiting the Challenges Affecting SMEs Through Behavioral Approach

Factors Impacting the Acceptance Level of Insurance Policies by Small and Medium Enterprises in Sri Lanka

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