Mar'22
The IUP Journal of Entrepreneurship Development
Focus
The second paper, "Barriers to the Growth of Small and Medium Enterprises" by Vianny Jeniston Delima, focuses on the challenges faced by small businesses in Sri Lanka. Further, it studies the link between barriers and growth of SMEs that play an important role in driving the economy of a nation. A slew of roadblocks hamper SME growth. For this study, the author selected 100 SMEs from Batticaloa district through convenience sampling. The study employed quantitative and qualitative data analysis to identify the barriers to growth. The results show that financial, legal and government barriers substantially influence SME growth. In contrast, organizational and external barriers have no significant impact. The most influential element hampering SME growth is financial obstacles.
The third paper, "Problems Faced by Micro, Small, and Medium Enterprises: A Review" by Mahender, Kapil Gora and Jagdeep Dahiya, examines the problems faced by entrepreneurs and their impact on the performance of MSMEs. They contribute significantly towards employment creation, trade facilitation, production, development, sales expansion, and elimination of regional imbalances, and hence are vital for economic growth and considered as the backbone of both advanced and emerging countries. Since several challenges impede the performance of MSMEs, such as financial problems, lack of knowledge, and poor financial management, these units are not able to contribute towards a nation's economic development significantly. The findings show that one of the significant issues MSMEs face is financial constraint.
The fourth paper, "Factors Influencing the Growth of Rural Entrepreneurship in Nagaland: A Socioeconomic Perspective" by Amrendra Kumar and Lipoktoshi, examines the role of various socioeconomic factors, such as age, financial resources, equal opportunity, infrastructural facilities and political scenario, in rural entrepreneurship development in Nagaland. Rural development is an important indicator of the economic development of a nation. Nagaland mostly comprises rural areas, and because of the hilly terrain and dense forest, heavy industrial setup becomes difficult. Hence, the people of the state have to depend on SMEs based on locally available resources for entrepreneurial activities. As per the findings of the paper, though the current generation of entrepreneurs are self-sustained, optimistic and have better socioeconomic conditions, yet they face a number of challenges in terms of lack of finance, less awareness of government schemes, poor supply chain and lack of infrastructure facilities and training, etc.
Consulting Editor
|
|
|||
| Article | Price (₹) | ||
| Factors Influencing Startups in an Emerging Economy: A Literature Review |
100
|
||
| Barriers to the Growth of Small and Medium Enterprises |
100
|
||
| Problems Faced by Micro, Small, and Medium Enterprises: A Review |
100
|
||
| Factors Influencing the Growth of Rural Entrepreneurship in Nagaland: A Socioeconomic Perspective |
100
|
||
Factors Influencing Startups in an Emerging Economy: A Literature Review
Entrepreneurs are important contributors to a country's economic development and are at the core of every startup ecosystem. Startups have played an important role in the growth of many economies worldwide by generating employment, increasing innovation and bringing competitive dynamics into the business environment. In recent years, more startups are gaining pace by catering to new types of market demand. The present study examines the internal and external factors that influence the success of a startup in different stages. Multiple research works from various prominent publications like Elsevier, Emerald, Taylor, and Francis have been reviewed in this paper. The findings of the study indicate that external factors have more influence on successful startups than internal factors.
Barriers to the Growth of Small and Medium Enterprises
The importance of Small and Medium-Sized Enterprises (SMEs) to a country cannot be overstated since they are the engine that drives the economy. A slew of roadblocks hamper their growth. This study looks at the challenges small businesses face in Sri Lanka. Additionally, the study looks at the link between barriers and SME growth, with a view to finding the most crucial influencing element. A total of 100 SMEs were selected from 294 SMEs in Galle district. For the study, convenience sampling approach was employed. The correlation analysis revealed a strong negative but significant link between all obstacles and SME growth. According to the results of multiple regression analysis, all factors influence SME growth. Also, when all the hurdles to SME growth are taken into account, only financial and legal and government barriers substantially influence SME growth. In contrast, organizational and external barriers have no significant impact. The most influential element in SME growth is financial obstacles.
Problems Faced by Micro, Small, and Medium Enterprises: A Review
Micro, Small, and Medium Enterprises (MSMEs) are the backbone of both advanced and emerging countries due to their vast contributions to employment creation, trade facilitation, production and development, sales expansion, and elimination of regional imbalances. MSMEs account for the great majority of enterprises in almost all major countries worldwide. They are not able to contribute well to economic growth due to several challenges that impede their performance, including financial problems, lack of knowledge, and poor financial management. The main objective of this study is to explore the problems faced by entrepreneurs and examine their impact on the performance of MSMEs. The findings show that one of the significant issues MSMEs face is financial constraint.
Factors Influencing the Growth of Rural Entrepreneurship in Nagaland: A Socioeconomic Perspective
Economic development is perceived as a multi-dimensional approach involving changes in social structures, acceleration of economic growth, and reduction of poverty and inequality. A country can achieve economic development by equal development in both urban and rural areas. But in India, developments in rural and urban areas are not equal. The State of Nagaland mostly comprises rural areas, and because of the hilly terrain and dense forest, heavy industrial setup becomes difficult. Hence, the people of Nagaland have to depend on locally available resources that provide opportunities for entrepreneurial activities. With the prospect of rural entrepreneurship, people face many challenges too. The paper examines the role of various socioeconomic factors, such as age, financial resources, equal opportunity, infrastructural facilities and political scenario, in rural entrepreneurship development in Nagaland.