Analysis of the key factors for small and medium-sized enterprises growth using principal component analysis.

ABSTRACT: Small and Medium-sized Enterprises (SMEs) significantly contribute to national economic development worldwide. However, numerous factors affect the growth of SMEs, particularly in developing economies. Due to the complexity of these variables, it is challenging to determine where to begin improving SMEs. This study aims to identify and analyse the factors that hinder the overall performance of (SMEs) to gain insights into the principal variables constituting problems. A literature survey identified and abstracted 36 variables that influence SME growth. A structured questionnaire was created using the variables and administered to the respondents in the SME sector. We collated and converted the respondents' scores into primary data. The data was analysed using Kendall's Coefficient of Conco

SUBMITTER: Ongbali SO 

PROVIDER: S-EPMC11259869 | biostudies-literature | 2024 Jul

REPOSITORIES: biostudies-literature