Staff View: Sustainable Growth for Small and Medium-Sized Enterprises: Interpretive Structural Modeling Approach

Sustainable Growth for Small and Medium-Sized Enterprises: Interpretive Structural Modeling Approach

Small and medium-sized enterprises (SMEs) are constantly under pressure to grow. This pressure forces everyone involved to think about how best to run their business. Although there is much research on SME growth, previous research is fragmented and only addresses internal or external enablers. This...

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Main Authors:	Runtuk J.K., Ng P.K., Ooi S.Y., Purwanto R., Nur Chairat A.S., Ng Y.J.
Other Authors:	57212105164
Format:	Article
Published:	MDPI 2024
Subjects:	business interaction model interpretive structural modeling management small and medium-sized enterprise SME growth economic growth strategic approach sustainability
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id	my.uniten.dspace-34243
record_format	dspace
spelling	my.uniten.dspace-342432024-10-14T11:18:36Z Sustainable Growth for Small and Medium-Sized Enterprises: Interpretive Structural Modeling Approach Runtuk J.K. Ng P.K. Ooi S.Y. Purwanto R. Nur Chairat A.S. Ng Y.J. 57212105164 36835757300 24773691200 58139930800 57410823400 58286043600 business interaction model interpretive structural modeling management small and medium-sized enterprise SME growth economic growth small and medium-sized enterprise strategic approach sustainability Small and medium-sized enterprises (SMEs) are constantly under pressure to grow. This pressure forces everyone involved to think about how best to run their business. Although there is much research on SME growth, previous research is fragmented and only addresses internal or external enablers. This study aims to construct an interaction model for all enablers that promote sustainable SME growth. An interpretive structural modeling (ISM) analysis is conducted to formulate an interaction model of enablers for SME growth. The results show that both internal and external enablers are crucial for SME growth. This study shows that the following internal enablers that are interrelated and strongly influence SME growth are MS (managerial skills), EO (entrepreneurial orientation), and OwS (ownership structure). In addition, external enablers such as CIL (customer involvement and location) and GS (government support) also play an important role in improving the performance of other factors for SME growth. In addition, this study also provides a guide for formulating strategies for SME sustainability. Effective policy formulation must be based on a correct understanding of the interdependence between enablers as a unified model of interaction. The interaction between the enablers highlighted and the level of the model would be helpful to all shareholders in finding appropriate strategies for SME growth. � 2023 by the authors. Final 2024-10-14T03:18:36Z 2024-10-14T03:18:36Z 2023 Article 10.3390/su15054555 2-s2.0-85149985204 https://www.scopus.com/inward/record.uri?eid=2-s2.0-85149985204&doi=10.3390%2fsu15054555&partnerID=40&md5=b2a30797af0294830155a413aaef1119 https://irepository.uniten.edu.my/handle/123456789/34243 15 5 4555 All Open Access Gold Open Access MDPI Scopus
institution	Universiti Tenaga Nasional
building	UNITEN Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Tenaga Nasional
content_source	UNITEN Institutional Repository
url_provider	http://dspace.uniten.edu.my/
topic	business interaction model interpretive structural modeling management small and medium-sized enterprise SME growth economic growth small and medium-sized enterprise strategic approach sustainability
spellingShingle	business interaction model interpretive structural modeling management small and medium-sized enterprise SME growth economic growth small and medium-sized enterprise strategic approach sustainability Runtuk J.K. Ng P.K. Ooi S.Y. Purwanto R. Nur Chairat A.S. Ng Y.J. Sustainable Growth for Small and Medium-Sized Enterprises: Interpretive Structural Modeling Approach
description	Small and medium-sized enterprises (SMEs) are constantly under pressure to grow. This pressure forces everyone involved to think about how best to run their business. Although there is much research on SME growth, previous research is fragmented and only addresses internal or external enablers. This study aims to construct an interaction model for all enablers that promote sustainable SME growth. An interpretive structural modeling (ISM) analysis is conducted to formulate an interaction model of enablers for SME growth. The results show that both internal and external enablers are crucial for SME growth. This study shows that the following internal enablers that are interrelated and strongly influence SME growth are MS (managerial skills), EO (entrepreneurial orientation), and OwS (ownership structure). In addition, external enablers such as CIL (customer involvement and location) and GS (government support) also play an important role in improving the performance of other factors for SME growth. In addition, this study also provides a guide for formulating strategies for SME sustainability. Effective policy formulation must be based on a correct understanding of the interdependence between enablers as a unified model of interaction. The interaction between the enablers highlighted and the level of the model would be helpful to all shareholders in finding appropriate strategies for SME growth. � 2023 by the authors.
author2	57212105164
author_facet	57212105164 Runtuk J.K. Ng P.K. Ooi S.Y. Purwanto R. Nur Chairat A.S. Ng Y.J.
format	Article
author	Runtuk J.K. Ng P.K. Ooi S.Y. Purwanto R. Nur Chairat A.S. Ng Y.J.
author_sort	Runtuk J.K.
title	Sustainable Growth for Small and Medium-Sized Enterprises: Interpretive Structural Modeling Approach
title_short	Sustainable Growth for Small and Medium-Sized Enterprises: Interpretive Structural Modeling Approach
title_full	Sustainable Growth for Small and Medium-Sized Enterprises: Interpretive Structural Modeling Approach
title_fullStr	Sustainable Growth for Small and Medium-Sized Enterprises: Interpretive Structural Modeling Approach
title_full_unstemmed	Sustainable Growth for Small and Medium-Sized Enterprises: Interpretive Structural Modeling Approach
title_sort	sustainable growth for small and medium-sized enterprises: interpretive structural modeling approach
publisher	MDPI
publishDate	2024
_version_	1814061047329325056
score	13.211869

Sustainable Growth for Small and Medium-Sized Enterprises: Interpretive Structural Modeling Approach

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