Title: Technology readiness of micro, small and medium enterprises
Authors: Punniyamoorthy Ramasamy; Vijayarani Sampath
Addresses: Department of Management Studies, New Horizon College of Engineering, Bengaluru, Karnataka, India ' School of Management, SRM Institute of Science and Technology, Ramapuram, Chennai, Tamilnadu, India
Abstract: MSME has its ability to generate sustainability for the people by providing opportunities for steady growth, thereby giving a competitive advantage to its products by reducing the cost through technology upgradation and grab the new opportunities. MSME plays a vital role in enhancing sustainable development by promoting sustainable growth in economy through careful investments, advancing sustainability in industrialisation and encouraging development and diminishing pay imbalances. Several programs and services provided to support MSME to activate their participations in reaching sustainable development are as through workable business model that could help a win-win strategy. Many policies recommendations were concluded to support SMEs sector as a key driver for sustainable development in developed and developing countries in addition to emerging economies. Supplier base develops and harvests the benefits on receiving quality products in a long term. It can be understood by the suppliers and if adhered they can reach different levels of operation to compete with global sources.
Keywords: sustainability; quality conscious; environment protection; supplier; technology development; profitability and fund management.
World Review of Entrepreneurship, Management and Sustainable Development, 2023 Vol.19 No.1/2, pp.121 - 135
Received: 16 Oct 2020
Accepted: 10 Dec 2020
Published online: 30 Nov 2022 *