These theories investigate factors that Its goal is to create a complete, LITERATURE REVIEW Introduction According to Dawidowicz (2010:6), a literature review is an examination of scholarly information and research-based information on a specific topic. Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel numbers fall below certain limits. The approach is essential to identify specific target groups for inclusion or exclusion of certain preferred treatments (Andualem, 1997). 4. … Various theories have been developed based on this information. In South Africa, government recognises the importance of this segment of business activity, so much so that ... interventions by the goverriment is for the enhancement of small and medium enterprises growth, so that they will live up to expectation. Storey. Theories of Growth of Small Enterprises Various theoretical models have been developed which describe the growth of small businesses. of product development and CiteScore values are based on citation counts in a range of four years (e.g. parameters like number of other members of the enterprises, sales turn over, asset, capital, net worth and the like. Development of small and medium enterprises is heavily influenced by the level of taxation, They are often In the first part of this paper we review, in a condensed manner, the most relevant firm dynamic theories, i.e. There has been a tremendous increase in MSMEs share in Kenya’s GDP from 13 in 1993, to 18 percent in 2003 and 20-25 percent in 2011-2016 and constitutes over 85% employment opportunities. The study provides a framework on the moderating effects of environmental turbulence on the relationships between strategic intelligence, competitive intelligence, artificial intelligence, businesses intelligence, knowledge management and business There is growing recognition of the important role small and medium enterprises (SMEs) play in economic development. Research questions To recommend ways in which small and medium enterprises can implement strategies to avoid or reduce failure. This study targeted top one hundred small and medium sized enterprises in Kenya. They are mostly family owned and owner managed. They account for 99 % of all EU businesses, 67 % of all jobs in the non-financial private sector, as much as 85 % of all newly created jobs (EC, 2011 (3), p 5-6) and some 59 % of the value SMEs are extent to which theories of small business man-agement have been developed and the areas these theories cover. The SMEs constitute about 90% of total business units in Ghana and account of 60% of Ghana’s employed labour force (KDI, 2008). To extend the focus given to small and medium scale enterprises by the authority concern so as to occupy rightful position as an agent of economic development. Reputation is a strategic intangible asset and is an effective mechanism for information transmission. Small and medium enterprises (SME) play an important role in production sector of many developed countries. SMEs are now crucial to most developed and developing economies. Small and medium enterprises (SMEs) with limited financial and personnel resources are likely to base their foreign market entry mode choice on the resources available. 2 opportunity for small and medium enterprises (SMEs) to expand their business into foreign market, even on the first day of its establishment. Kenya’s is most industrialized agro-industry small and medium enterprises through business environment reform and improving access to finance. For example, in the European Union, SMEs contribute to over 99% of all To re-echo the role of enabling environment on sustainable employment generation. In Zimbabwe, SMEs in both formal and informal sectors have long acted as engines of economic growthAccording to . The study thus investigated the performance of the Small and Medium Enterprises sub-sector of the Nigerian economy, its problems and prospects and recommended measures to make the sub-sector virile and vibrant in order to play the crucial role it is expected to play. Small to Medium Enterprises have taken a centre stage in the social and economic development of many nations (UNDP, 2000). ii. Theories on Micro and Small Enterprises: There are two theories which are developed on the In any given national economy, SMEs sometimes outnumber large … The objectives of the paper are to comment on the state of theory building regarding small business, to indicate aspects that require further exploration, and to recommend approaches to research in the field. Small business social responsibility (SBSR) is the term most consistently used when referring to CSR in this group of smaller firms. The study explored a scholarly review of the main factors affecting small and medium enterprises … Six theories were reviewed and later two were adopted as theoretical frameworks. A total of 300 SMEs were randomly selected from a cross section of a small and medium scale businesses. Small and medium-sized enterprises (SMEs) 1 are the backbone of the European economy. The Cambodia Agribusiness Series of publications shares project-generated knowledge and experi-ences with a larger audience. ABSTRACT This study, the role of small and medium sized enterprises for economic growth, was undertaken to find out how SME sub-sector in Nigeria has performed and its impact on the economic growth of the country. In it, he outlined two drastically different styles of management (theories X and Y). An entrepreneurial event is the conceptualization and realization of an innovative idea, small and medium scale enterprises in Trans Nzoia County on business performance. favour of functioning small and medium scale sub-sector. This study reviewed literature on tax compliance and tax systems. INTRODUCTION The main purpose of the literary review is to collect and analyse the most important literature sources connected to this topic, and, in addition, … More specifically, the study addressed the effect of financial literacy on performance of small and medium enterprises in Trans Nzoia County. Such circumstances have lead into a debate among internationalization researchers on which theory effectively explain the … growth of Small and Medium Enterprises- whether firms are more or less profitable from taxation . In 1960, social psychologist Douglas McGregor (1906-1964) published his book The Human Side Of Enterprise. Keywords: lifecycle, lifecycle models, small and medium enterprises, strategy, change 1. million Micro, Small and Medium Enterprises (MSMEs) with 285-345 million belonging to informal enterprises. 3. This is apparently the case in Tanzania where SMEs contribute significantly to employment creation, income generation and stimulation of economic growth in both urban and rural areas. The study population was the 2014 top one hundred small and medium sized enterprises as documented by the business daily. Thus, researchers have used different theories to explain how small firms access external financing. support to small- and medium-sized enterprises (SMEs),1 it is important to set out the general context within which this key role operates. The chapter examines how … The SMEs nomenclature Defining Small Business Small 11 – 50 50,000 – 250,000 Medium 51 – 100 250,000 – 500,000 Large Over 100 Over 500,000 Source: Royal Government of Cambodia Sub-committee on Small and Medium Enterprises SME Secretariat Small and Medium Enterprise Development Framework 2005 For the purpose of this report, unless otherwise stated, the classification SME CiteScore: 8.9 ℹ CiteScore: 2019: 8.9 CiteScore measures the average citations received per peer-reviewed document published in this title. The study examined tax compliance of small and medium enterprises (SME) in a developing country. They include: crosscu~tursrl theoretical approach and ideology theory. Theoretical Foundations Ekaete (2008) opined that the discussion on how to manage micro, small and medium Enterprises (MSMEs) for profitability and sustainability requires a proper insight into the anatomy of these types of enterprises: i. However, in terms of the number of establishment, SMEs have bigger number of establishment than the big enterprises (Vinten, 2000). In others such as India, MSME is employed to explicitly include micro, small and medium sized businesses. The theoretical models for Small and Medium-size Enterprise (SME) performance can be divided into two categories: firm dynamics theories and performance prediction models. The This type of business The abbreviation "SME" is used by international organizations such as the World Bank, the European Union, the United Nations and the World Trade Organization (WTO).. The conclusions and judgments contained in this report should not be attributed to, and do not necessarily Small and Medium Enterprises (SMEs) all over in the world are known to play a major role in social and economic development. They can be key drivers of economic growth, innovation and job creation. Small, Medium and Micro Enterprises (SMMEs), also referred to as small business, play an important role in an economy. Hence, theories of large firm entry mode selection cannot be applied to SMEs. SMEs account for over 95% of private sector firms globally. One class of theoretical models focus on the learning process, either active or passive, and the other models refer to the stochastic and deterministic approaches. thus, the study hypothesized that; Ho1: There is no significant effect between tax rates and the growth of small and medium enterprises in Voi sub County, Kenya. Each style is guided by a manager’s perceptions of their employees’ motivations. Small and medium enterprises choose strategies have to (tools, methods, approaches etc.) The focus of this study is the competitiveness of creative industry for Small-Medium Enterprises (SMEs) which means firm competitiveness; competitiveness will be reviewed from micro perspective. and secondary data. 5) Theories X And Y. countries, numeric majority of companies aremicro, small, and medium enterprises (SME), furthermore, due to the lack of resources, small companies are successful in local market and find it difficult to develop on the globally. Framework of Entrepreneurship Theories in Restructuring Small and Medium Enterprises (Smes) In DOI: 10.9790/487X-2007045762 www.iosrjournals.org 59 | Page entrepreneurial event. and Westhead (1994.) The information asymmetric leads to the risk of bank credit increased and exacerbate the financing difficulties of Small and Medium-sized Enterprises (SMEs). The article is a systematic literature review of fundamental theories that fame small and medium business (SME) success. The researcher used a descriptive research design. literature review: small business failure theories 2.1 introduction 2.2 the role of theories in small business failure research 2.3 definitions of small business failure 2.4 an outline of the small business failure theories 2.5 three themes of small business failure 2.6 the role of value judgements 2.7 lessons that could be learnt The study used descriptive design and data was collected using primary and secondary data. III. The higher is the share of small and medium businesses in the economy, the higher productivity can be potentially realized with the SME sector. Small and Medium Scale Enterprises (SMEs) is accepted globally as a tool for empowering the citizenry and economic growth. 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