Strategic Resources and Performance of Rural SMEs
Keywords:Performance, resource-based theory, rural SMEs, strategic resources
AbstractThe 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.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).