eISSN: 3087-4084 editor@aimjournals.com
All Journals
Submit your article

International Journal of Management and Business Development

Open Access Peer Review International
Open Access

Ismailova Mohinur Gafurovna, A Strategic Framework for Evaluating Entrepreneurial Practices and Their Impact on Small and Medium Enterprise Performance

DOI https://doi.org/10.55640/ijmbd-v03i09-04
PDF
Faisal Ahmed Al-Harbi 1 , Sara Mohammed Al-Qahtani 1 ,
4 Department of Management Sciences Arabian Institute of Business Research Riyadh, Saudi Arabia
4 College of Business Development Gulf Academy of Management Studies Jeddah, Saudi Arabia

Abstract

Small and Medium Enterprises (SMEs) play a significant role in economic growth, employment generation, innovation, and industrial development. Despite their importance, many SMEs experience performance constraints arising from inadequate entrepreneurial practices, weak innovation systems, limited strategic orientation, and insufficient managerial capabilities. This study develops a strategic framework for evaluating entrepreneurial practices and their impact on SME performance through a comprehensive review and synthesis of existing literature. The paper examines the relationships among entrepreneurial orientation, innovation capability, organizational commitment, leadership, knowledge management, opportunity recognition, and business performance. Using a research and review methodology, evidence from prior studies is integrated to identify critical entrepreneurial dimensions that influence firm growth, sustainability, competitiveness, and profitability. The findings indicate that entrepreneurial practices significantly enhance SME performance when supported by innovation, strategic flexibility, knowledge utilization, and effective leadership mechanisms. The proposed framework provides theoretical and practical guidance for entrepreneurs, policymakers, and researchers seeking to improve SME competitiveness in dynamic business environments.

Keywords

Entrepreneurship, Small and Medium Enterprises, Entrepreneurial Orientation

References

Hisrich, R. D., Peters, M. P., & Shepherd, D. A. (2017). Entrepreneurship (10th ed.). McGraw-Hill Education.
Hornby, A. S. (2006). Oxford Advanced Learner’s Dictionary (International Student Edition –7th Edition). Oxford: Oxford University Press.
ILO report (2015), Small and medium enterprises and decent and productive employment creation International Labor Conference, 104th Session Printed by the International Labour Office, Geneva, Switzerland.
Iqbal, S.; Moleiro Martins, J.; Nuno Mata, M.; Naz, S.; Akhtar, S.; Abreu, A. (2021). Linking Entrepreneurial Orientation with Innovation Performance in Small and medium enterprises; the Role of Organizational Commitment and Transformational Leadership Using Smart PLS-SEM. Sustainability, 13(2), 4361.
Javier, L., G., M., Sascha, K., Matthias, B. & Andreas, K. (2023). Untangling the relationship between small and medium sizedenterprises and growth: a review of extant literature. International Entrepreneurship and Management Journal. 456-481.
Joseph, T., T., Umogbai, M., E., Kwahar, N. & Adudu, C. A. (2023). Effect of Innovation on Entrepreneurial Success of Manufacturing Small and Medium Firms in South-Central Nigeria. International Academy Journal of Management, Marketing and Entrepreneurial Studies.10(1), 84-103.
Kalu, A., & Peace, N. (2017). Assessment of Entrepreneurial Attitude on Sustainability of Nigerian Small and medium enterprises. International Journal of Business and Entrepreneurship Research, 11(2) 1-16.
Kuratko and Hodgetts (2004) in Thornhill, S. (2006). “Knowledge, Innovation and Firm Performance in High-and Low-Technology Regimes,” Journal of BusinessVenturing, 21, 687-703.
Malerba (2002) in Thornhill, S. (2006). “Knowledge, Innovation and Firm Performance in High-and Low-Technology Regimes,” Journal of BusinessVenturing, 21, 687-703.
Mohammad, O., F., Osman, M. G. & Dewan, N. K. (2022). The Effect of Entrepreneurial Orientation on Firm Performance and Entrepreneurial Intention: Moderating Role of Prior-Training. Jahangir agar University Journal of Management Research. 100-123.
Mulindabigwi, R. C., & Kayitana, C. (2018). Mind-Set and Entrepreneurial Activities in Rwanda: A Firm Level Investigation. East Africa Research Papers in Business, Entrepreneurship and Management.
Njeru, P.W (2012). The effect of entrepreneurial attitude on the performance of manufacturing business in Nairobi. Unpublished Ph.D thesis, JKUAT.pp.155-161.
Rosenbusch, N., Brinckmann, J., & Bausch, A. (2011). Is innovation always beneficial? A meta-analysis of the relationship between innovation and performance in small and medium enterprises. Journal of Business Venturing, 26(4), 441-457.
Roth, S. (2014). The eye-patch of the beholder.International Journal of Entrepreneurship and Small Business. 22(4), 399-407.
Shane, S. (2000). Prior knowledge and the discovery of entrepreneurial opportunities. Organization Science, 11(4), 448-469.
Simon, M., Houghton, S. M. & Aquino, K. (2000). Cognitive biases, risk perception, and venture formation: How individuals decide to start companies‟. J. Bus. Vent., 15(2): 113–134.
Sirilli, A. (2000). Innovation and firm performance. Paper presented at the Conference innovation and Innovative Creation: Statistics and Indicators, France.
Teece, D. J. (2010). Business Models, Business Strategy, and Innovation. Long Range Planning, 43(2-3), 172-194.
Terziovski, M. (2010). Innovation practice and its performance implications in small and medium enterprises in the Manufacturing Sector: A resource-based view. Strategic Management Journal, 31 (8), 892-902.
Thornhill, S. (2006). “Knowledge, Innovation and Firm Performance in High-and Low-Technology Regimes,” Journal of BusinessVenturing, 21, 687-703.
Tidd, J., Bessant, J., & Pavitt, K. (2015). Managing Innovation: Integrating Technological, Market, and Organizational Change. John Wiley & Sons).

Most read articles by the same author(s)

<< < 1 2 3 4 > >> 

Similar Articles

1-10 of 16

You may also start an advanced similarity search for this article.