Title: Managerial and environmental factors affecting small and medium enterprises: an empirical study in India

Authors: Sachin A. Meshram; A.M. Rawani; Atul Kumar Sahu; Ajit Kumar Singh

Addresses: Department of Mechanical Engineering, G H Raisoni University, Amravati, Maharashtra 444701, India ' National Institute of Technology Raipur, Chhattisgarh-492010, India ' School of Studies in Engineering and Technology, Guru Ghasidas Vishwavidyalaya (A Central University), India ' Jaipuria Institute of Management Jaipur, Rajsthan – 302033, India

Abstract: Small and medium enterprises (SMEs) are considered to be the most important driver to achieve significant progress and economic development. The contribution of the SME sector to the country's economy has attracted the attention of academics and policy makers in both developed and transition economies. Today, it is well-established fact that, SMEs are the engine of economic growth through employment generation, contribution to GDP, technological innovations, and other aspects of economic development. The aim of this study is to identify the managerial an environmental factors affecting success of SMEs in Chhattisgarh, India. A questionnaire was developed using 23 items identified from literature. Using a convenience sampling technique, data were collected through a questionnaire survey method. By conducting exploratory factors analysis, this study identified five managerial an environmental factors, namely: managerial competency, business environment, market support, socio-culture and institutional support. Cronbach's alpha coefficients were used to measure the reliability of the all identified five factors.

Keywords: managerial and environmental factors; small and medium enterprises; SMEs; factor analysis.

DOI: 10.1504/IJPMB.2025.143600

International Journal of Process Management and Benchmarking, 2025 Vol.19 No.1, pp.77 - 88

Received: 23 May 2023
Accepted: 12 Jun 2023
Published online: 02 Jan 2025 *

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