Journal of Research in Social Science and Humanities
Vol 5, No 3 (2025)

Micro, Small, and Medium Enterprises (MSMEs) Development Strategy: A Systematic Review of Global Practices and an Integrative Framework

Hulu, Fatolosa (Unknown)
Fahmi, Rahmi (Unknown)



Article Info

Publish Date
21 Jul 2025

Abstract

This systematic review synthesizes the research on strategic interventions that foster the growth and sustainability of Micro, Small, and Medium Enterprises (MSMEs). By conducting a comprehensive analysis of twenty studies sourced from high-quality databases, we categorized the findings into nine strategic themes: Human Capital, Technology, Social Capital, Entrepreneurial Orientation, Financial Support and Accessibility, Market Strategy and Expansion, Organizational and Operational Efficiency, Innovation and Product Development, and Gender Equality and Empowerment. Our review highlights the critical role of integrating advanced HR analytics with organizational strategies, leveraging technology for operational efficiency, and fostering an entrepreneurial mindset to enhance dynamic capabilities and innovation within MSMEs. We also underscore the significance of financial accessibility, market expansion strategies, organizational efficiency, product innovation, and gender empowerment in cultivating a competitive edge. Despite the extensive strategies explored, we identified gaps, particularly the lack of empirical research assessing the direct impact of these strategies in different socio-economic contexts, especially within developing nations. Our findings call for targeted policy interventions and future research focused on implementing effective strategies, considering the unique challenges faced by MSMEs in an increasingly digital and globalized economy.

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Journal Info

Abbrev

jrssh

Publisher

Subject

Religion Arts Humanities Economics, Econometrics & Finance Education Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Library & Information Science Mathematics Social Sciences Other

Description

Journal Research of social science and Humanities is a peer-reviewed, international, and intercultural journal. It promotes interdisciplinary research with a primary focus on original research or reviews in humanities and social sciences. Articles are welcome in the following seven sections: ...