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Analysis on the Factors that Determine Sustainable Growth of Small Firms in Namibia

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  • Asa Romeo Asa
  • Navneel Shalendra Prasad

    (Wuhan University of Technology)

Abstract

The demise rate of small firms every year is high worldwide and mostly these businesses struggle for many years without significant growth. Therefore, this study focused on identifying factors that contribute to the sustainability of growth for small firms in a developing country. Small firms are vital in the development and growth of bottom billion economies and are part of solutions to social problems that Namibia experience, inter alia, high unemployment rate. In developing countries, it is estimated that 45% of formal sector workers belong to SMEs and about 24% of GDP is contributed by small firms. SMEs are known for the common characteristics such as responsiveness, strategic agility, and leanness in operations management that are often aimed to meet and exceed variations of market demands. Thus far, it is crucial to study such behavior of small firms responsible for their growth or demise in the contemporary markets where small firms are crippled by raspy competition from MNCs

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  • Asa Romeo Asa & Navneel Shalendra Prasad, 2014. "Analysis on the Factors that Determine Sustainable Growth of Small Firms in Namibia," International Journal of Management Science and Business Administration, Inovatus Services Ltd., vol. 1(1), pages 5-11, December.
    • Handle: RePEc:mgs:ijmsba:v:1:y:2014:i:1:p:5-11
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    Cited by:

    1. Moses Waiganjo & Danijela Godinic & Bojan Obrenovic, 2021. "Strategic Planning and Sustainable Innovation During the COVID-19 Pandemic: A Literature Review," International Journal of Innovation and Economic Development, Inovatus Services Ltd., vol. 7(5), pages 52-59, December.
    2. Navneel Shalendra Prasad & Asa Romeo Asa & Xu Hongyi, 2015. "Attitude and Behavioral Intention towards Reducing Carbon Footprints in the Environment: an Empirical Study of Fiji," International Journal of Management Science and Business Administration, Inovatus Services Ltd., vol. 1(5), pages 21-30, April.
    3. Rankhumise E M & Masilo K H, 2018. "The Effect of Government Support on the Success of Small and Medium Enterprises: A Comparative Study between South Africa and China," Journal of Economics and Behavioral Studies, AMH International, vol. 9(6), pages 166-173.
    4. Asa Romeo Asa & Bianca Tjizumaue & Harold Campbell & Johanna Pangeiko Nautwima, 2022. "The Impact of Tourism Development on the Local Communities in Namibia," International Journal of Operations Management, Inovatus Services Ltd., vol. 2(2), pages 7-16, January.
    5. Gemechu Abdissa & Abebe Ayalew & Anna Dunay & Csaba Bálint Illés, 2022. "Determinants of Sustainable Growth of SMEs in Developing Countries: The Case of Ethiopia," Economies, MDPI, vol. 10(8), pages 1-16, August.
    6. Johanna Pangeiko Nautwima & Asa Romeo Asa, 2022. "The Impact of Quality Service on Customer Satisfaction in the Banking Sector amidst Covid-19 Pandemic: A Literature Review for the State of Current Knowledge," International Journal of Management Science and Business Administration, Inovatus Services Ltd., vol. 8(3), pages 31-38, March.

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    More about this item

    Keywords

    SMEs; Sustainable Growth; Business Strategy; Hidden Champions;
    All these keywords.

    JEL classification:

    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General

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