Technology readiness of micro, small and medium enterprises

Punniyamoorthy Ramasamy and Vijayarani Sampath

World Review of Entrepreneurship, Management and Sustainable Development, 2023, vol. 19, issue 1/2, 121-135

Abstract: MSME has its ability to generate sustainability for the people by providing opportunities for steady growth, thereby giving a competitive advantage to its products by reducing the cost through technology upgradation and grab the new opportunities. MSME plays a vital role in enhancing sustainable development by promoting sustainable growth in economy through careful investments, advancing sustainability in industrialisation and encouraging development and diminishing pay imbalances. Several programs and services provided to support MSME to activate their participations in reaching sustainable development are as through workable business model that could help a win-win strategy. Many policies recommendations were concluded to support SMEs sector as a key driver for sustainable development in developed and developing countries in addition to emerging economies. Supplier base develops and harvests the benefits on receiving quality products in a long term. It can be understood by the suppliers and if adhered they can reach different levels of operation to compete with global sources.

Keywords: sustainability; quality conscious; environment protection; supplier; technology development; profitability and fund management. (search for similar items in EconPapers)
Date: 2023
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