Golden Ratio of Community Services and Dedication
Vol. 3 No. 1 (2023): November - April

Unraveling Community Dynamics: Management Strategies for SME Development

Suarlin, Suarlin (Unknown)



Article Info

Publish Date
30 Apr 2023

Abstract

This study explores management strategies for Small and Medium Enterprises (SMEs) development and community resilience. Employing a qualitative research approach, the literature on SME development and community dynamics is systematically reviewed. The research method involves a comprehensive literature search, data extraction, and thematic analysis to uncover patterns, themes, and relationships. Key findings indicate that fostering collaboration, resource mobilization, and access to finance are fundamental management strategies for SME growth and sustainability. Collective action mechanisms, industry clustering, and policy interventions emerge as effective approaches to promote SME development and industry specialization within communities. The study underscores the importance of strategic management strategies in unlocking the growth potential of SMEs and contributing to community development and economic resilience. The synthesis of literature provides insights into the nuanced interactions between management strategies, community dynamics, and SME performance. The findings have implications for policymakers, practitioners, and researchers in the field of SME development and community economics.

Copyrights © 2023






Journal Info

Abbrev

grcsd

Publisher

Subject

Humanities Social Sciences

Description

The aim of the Golden Ratio of Community Services and Dedication (GRCSD) is to disseminate the conceptual thoughts or ideas and research results that have been achieved in the area of community services. Golden Ratio of Community Services and Dedication (GRCSD), particularly focuses on the main ...