Performance of SMEs in developing countries

HW: Performance of SMEs in developing countries

What are the effects of global strategy on the performance of SMEs in developing countries?

I need a literature review on the organizational performance and global strategy of SMEs in developing countries ( preferably Africa). The peer-reviewed resources should not be more than 5 years old. Additionally the emphasis should be on sustainability of SMEs in the developing countries.

SAMPLE SOLUTION

The purpose of this literature review is to analyze the effects of global strategy on the performance of small and medium-sized enterprises (SMEs) in developing countries, particularly with regard to sustainability. Through an examination of the current literature, this review will investigate the impact of global strategy on SMEs’ performance, analyze the role of sustainability in the global strategy of SMEs in developing countries, and investigate the challenges faced by SMEs in developing countries in achieving long-term performance goals through global strategy…

The impact of global strategy on the performance of Small and Medium-sized Enterprises (SMEs) in developing countries has been the subject of much research. A study conducted by AK Shamsuddoha et al. (2009) sought to explore this relationship further by examining the effect of global strategy on the performance of SMEs in Bangladesh. The study utilized a survey of 108 SMEs in Bangladesh, which found that global strategy had a significant positive effect on the performance of these firms. Specifically, the study found that global strategy helped to increase the sales growth, operational efficiency, and market share of SMEs. Additionally, the study found that SMEs with a global strategy were more likely to adopt advanced technologies and to diversify their products and markets. These findings suggest that global strategy can be a powerful tool for improving the performance of SMEs in developing countries. The study provides valuable insights into the role of global strategy in enhancing the performance of SMEs in developing countries, and indicates that further research into this area would be beneficial.

The past few decades have seen an increasing focus on sustainability, as an integral part of the global strategy of SMEs in developing countries. This is due to the fact that SMEs play an important role in the economic development of these countries. Consequently, sustainability has become an important factor in the decision-making process of SMEs. In a study conducted by F. Chien et al. (2021), the authors analyzed the role of sustainability in the global strategy of SMEs in developing countries. The study found that sustainability is a key factor in the decision-making process, as it helps to reduce costs, increase productivity, and improve the quality of products and services. Furthermore, the study also identified various challenges that SMEs face in implementing sustainable practices, such as lack of access to financial resources, lack of knowledge and awareness about sustainability, and lack of government support. The study concluded that in order for SMEs to be successful in the long run, they must take into consideration the role of sustainability in their decision-making process. This is because sustainability is essential for the sustainable development of SMEs in developing countries and for the long-term success of their businesses.

In their 2008 study, F Ciliberti, P Pontrandolfo and B Scozzi examined the challenges faced by small and medium-sized enterprises (SMEs) in developing countries in achieving long-term performance goals through a global strategy. They found that the limited resources and capabilities of SMEs, combined with the lack of information and knowledge of the global market, make it difficult for SMEs to develop and implement a successful global strategy. Furthermore, the authors suggest that SMEs often lack the capacity for adequate market research and lack access to the necessary financial resources and global networks to be successful in their global strategy. The authors suggest that SMEs should focus on gaining access to external resources and investments, as well as building strong relationships with suppliers, customers and other stakeholders, in order to increase their global competitiveness. They also suggest that SMEs should develop global strategic plans to ensure that they are able to effectively manage their global business operations. Ultimately, the authors conclude that the success of SMEs in achieving long-term performance goals through global strategy is dependent on the ability of SMEs to access and utilize the necessary resources and capabilities. (Ciliberti et al., 2008).

The literature review revealed that there are many benefits associated with global strategy for SMEs in developing countries, including increased profitability and improved local economic conditions due to the presence of foreign investments. However, the development of an effective global strategy is not without risk. SMEs must be aware of potential threats to the security of their operations and address the wider social, financial, and environmental sustainability issues associated with international expansion. An understanding of the potential benefits and risks associated with global strategy is essential for the effective implementation of global strategy for sustainable development and performance of SMEs in developing countries.

Work Cited
P Pontrandolfo., B Scozzi.”Investigating corporate social responsibility in supply chains: a SME perspective.”https://www.sciencedirect.com/science/article/pii/S0959652608001030
M Yunus Ali.”Impact of government export assistance on internationalization of SMEs from developing nations.”https://www.emerald.com/insight/content/doi/10.1108/17410390910975022/full/html
F Chien., QT Ngo., CC Hsu., KY Chau.”Assessing the mechanism of barriers towards green finance and public spending in small and medium enterprises from developed countries.”https://link.springer.com/article/10.1007/s11356-021-14907-1

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