The impact of socio-economic factors on small business success
Small enterprises play a vital role in economic development as they can provide the economy with efficiency, innovation, competition and employment. Entrepreneurs are responsible for the success of their businesses and have to face up with definite challenges in doing so. To know what const...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Faculty of Social Sciences and Humanities, UKM,Bangi
2012
|
| Online Access: | http://journalarticle.ukm.my/3514/ http://journalarticle.ukm.my/3514/ http://journalarticle.ukm.my/3514/1/3.geografia-jan%25202012-M%2520Amajad%2520Saleem-edited%252028.1.12-1.pdf |
| Summary: | Small enterprises play a vital role in economic development as they can provide the economy with efficiency,
innovation, competition and employment. Entrepreneurs are responsible for the success of their businesses and have
to face up with definite challenges in doing so. To know what constitute critical determinants of small business
success data were collected from 60 randomly selected respondents in the Dera Ismail Khan district, Khyber
Pakhtunkhawa, Pakistan, who were administered with structured questionnaires. Regression analyses of the findings
showed the positive and significant impact factors of investment, entrepreneurial experience, business profile and culture with R2=0.638 and F= 11.222. The provision of ample opportunities to develop skills for business
enhancement is suggested as the rational way forward. |
|---|