Strategic imperatives and core competencies to empower small and medium enterprises

Akhter, Fahim

International Journal of Advanced and Applied Sciences

Int. j. adv. appl. sci.

EISSN: 2313-3724

Print ISSN: 2313-626X

Volume 4, Issue 4 (April 2017), Pages: 170-174

Title: Strategic imperatives and core competencies to empower small and medium enterprises

Author(s): Fahim Akhter *

Affiliation(s):

Department of Management Information Systems, College of Business Administration, King Saud University, Riyadh, Saudi Arabia

https://doi.org/10.21833/ijaas.2017.04.025

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Abstract:

This empirical study argues that the time is ripe for the commercial banks, non-profit microfinance organizations and venture capitalists to seek out initiatives to step up their efforts to serve small and medium enterprises (SMEs) in Saudi Arabia. The collapse and dependency exacerbate the sustainability of the SMEs on of oil prices in Saudi Arabia. This empirical study has taken to address the growth opportunities, challenges, and strategic options that hampered the sustainability and evolution of SMEs in Saudi Arabia. The researcher conducted twenty-one focus interviews with Saudi entrepreneurs to learn about the challenges and the impact of objectivity and correctness of initiatives to SMEs sustainability and growth. The study used the hermeneutic technique, to analyze the transcriptions of the recorded interviews, which employs a part-to-whole mode of interpretation. This method helped the researcher to understand the entrepreneur’s view and put aside his assumptions about a situation or experience. The themes that surfaced from the twenty-one interviews; financial support & partnerships, labor laws and best practices, and technologically integrated business model.

This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).

Keywords: SMEs, Entrepreneurs, Hermeneutic, Information, Systems, Saudi Arabia

Article History: Received 22 January 2017, Received in revised form 4 April 2017, Accepted 5 April 2017

Digital Object Identifier:

https://doi.org/10.21833/ijaas.2017.04.025

Citation:

Akhtar F (2017). Strategic imperatives and core competencies to empower small and medium enterprise. International Journal of Advanced and Applied Sciences, 4(4): 170-174

http://www.science-gate.com/IJAAS/V4I4/Akhter.html

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