Business development services for micro, small and medium enterprises - literature review of past trends and future directions

Sandeep Goyal, Bruno S. Sergi and Mark Esposito

World Review of Entrepreneurship, Management and Sustainable Development, 2018, vol. 14, issue 3, 312-332

Abstract: This article examines the research literature to understand the current and emerging trends pertaining to the role of business development service (BDS) providers in the performance of micro, small and medium enterprises (MSMEs). The MSMEs account for 60% to 80% of the total jobs thereby posing a key influence in the economic growth of the nations. The availability and access to BDS providers (public and private) is essential for MSMEs to learn and acquire new skills regarding marketing, operations, management, resourcing, technology and innovation. However, the research literature reflects the underdeveloped nature of BDS markets, weak acceptance among the MSMEs, dynamic challenges for the BDS providers and changing market trends from public to private BDS providers. The research objective involves: 1) evaluating the evolutionary aspect of the BDS concept; 2) understanding the definition of BDS providers; 3) identifying the key challenges faced by the BDS providers; 4) identifying the strategic actions undertaken by the BDS providers.

Keywords: literature review; BDS provider; business advice; business development services; BDS challenges; MSMEs. (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=91688 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:wremsd:v:14:y:2018:i:3:p:312-332

Access Statistics for this article

More articles in World Review of Entrepreneurship, Management and Sustainable Development from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().