Managerial and environmental factors affecting small and medium enterprises: an empirical study in India

Sachin A. Meshram, A.M. Rawani, Atul Kumar Sahu and Ajit Kumar Singh

International Journal of Process Management and Benchmarking, 2025, vol. 19, issue 1, 77-88

Abstract: Small and medium enterprises (SMEs) are considered to be the most important driver to achieve significant progress and economic development. The contribution of the SME sector to the country's economy has attracted the attention of academics and policy makers in both developed and transition economies. Today, it is well-established fact that, SMEs are the engine of economic growth through employment generation, contribution to GDP, technological innovations, and other aspects of economic development. The aim of this study is to identify the managerial an environmental factors affecting success of SMEs in Chhattisgarh, India. A questionnaire was developed using 23 items identified from literature. Using a convenience sampling technique, data were collected through a questionnaire survey method. By conducting exploratory factors analysis, this study identified five managerial an environmental factors, namely: managerial competency, business environment, market support, socio-culture and institutional support. Cronbach's alpha coefficients were used to measure the reliability of the all identified five factors.

Keywords: managerial and environmental factors; small and medium enterprises; SMEs; factor analysis. (search for similar items in EconPapers)
Date: 2025
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