The Influence of Managerial Competencies on the Performance of Small and Medium Enterprises in Jordan

Abstract

This article looks at how managerial competencies affect SMEs' (Small and Medium Enterprises) performance in Jordan. 354 SMEs were chosen randomly. Structured questionnaires were used to gather data, focused on SME owners' and managers' perceptions of managerial competencies and SME performance. The investigation made use of the structural equation modeling (SEM) package SmartPLS, enabling the evaluation of intricate linkages with latent variables. The results demonstrate the significant influence of managerial competencies on the operation of SMEs in Jordan. By presenting empirical data on the impact of managerial competences in increasing SME performance and stressing their significance for achieving sustainable growth and competitiveness, the study adds to the body of existing knowledge in this area. These insights can help managers, policymakers, and SME owners improve their managerial skills, which will improve the performance of the Jordanian SME sector.Small and Medium Businesses.