Strategic Resources and Performance of Rural SMEs
DOI:
https://doi.org/10.18533/ijbsr.v3i4.34Keywords:
Performance, resource-based theory, rural SMEs, strategic resourcesAbstract
The study looks at the strategic resources that have influence on the performance of SMEs. In analyzing 101 firms, the results show that only stock, cash, experience, opening hours and customers have relationship with the profit of the firms. Stock turnover is explained by cash, experience, opening hours and customers whilst customer satisfaction is predicted by stock, cash, experience and opening hours. However, cash, experience and opening hours are the most important determinant of firms’ performance. The results suggest that some of the firms’ internal and external resources are important strategic resources. Also, all resources can be strategic depending on the type of firm and industry.Downloads
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