Understanding Small and Medium Enterprises (SMEs) Growth: a compendium literature review and standpoints of studies

Abstract

The desire to grow is the sole channel through which Small and Medium Enterprises (SMEs) can become big organizations. SME growth is vital for its survival and subsequent expansion. This present paper made attempt to identify the understanding of SME growth issues captured in the prior related literature and standpoint of further studies. A thorough literature review was undertaken to outline issues surrounding firm growth in accordance with the definitions of growth, theoretical perspectives of growth focused on RBV the most authoritative growth theory, measurements of growth, stages of growth, determinants of growth and finally constraints to growth.