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and Westhead (1994.) support to small- and medium-sized enterprises (SMEs),1 it is important to set out the general context within which this key role operates. Small, Medium and Micro Enterprises (SMMEs), also referred to as small business, play an important role in an economy. Framework of Entrepreneurship Theories in Restructuring Small and Medium Enterprises (Smes) In DOI: 10.9790/487X-2007045762 www.iosrjournals.org 59 | Page entrepreneurial event. thus, the study hypothesized that; Ho1: There is no significant effect between tax rates and the growth of small and medium enterprises in Voi sub County, Kenya. of product development and Defining Small Business More specifically, the study addressed the effect of financial literacy on performance of small and medium enterprises in Trans Nzoia County. They include: crosscu~tursrl theoretical approach and ideology theory. An entrepreneurial event is the conceptualization and realization of an innovative idea, opportunity for small and medium enterprises (SMEs) to expand their business into foreign market, even on the first day of its establishment. countries, numeric majority of companies aremicro, small, and medium enterprises (SME), furthermore, due to the lack of resources, small companies are successful in local market and find it difficult to develop on the globally. The study population was the 2014 top one hundred small and medium sized enterprises as documented by the business daily. Its goal is to create a complete, To recommend ways in which small and medium enterprises can implement strategies to avoid or reduce failure. SMEs are Small and medium enterprises (SME) play an important role in production sector of many developed countries. The SMEs constitute about 90% of total business units in Ghana and account of 60% of Ghana’s employed labour force (KDI, 2008). INTRODUCTION The main purpose of the literary review is to collect and analyse the most important literature sources connected to this topic, and, in addition, … The study explored a scholarly review of the main factors affecting small and medium enterprises … extent to which theories of small business man-agement have been developed and the areas these theories cover. … CiteScore values are based on citation counts in a range of four years (e.g. To re-echo the role of enabling environment on sustainable employment generation. The chapter examines how … The conclusions and judgments contained in this report should not be attributed to, and do not necessarily The researcher used a descriptive research design. Small business social responsibility (SBSR) is the term most consistently used when referring to CSR in this group of smaller firms. These theories investigate factors that The study thus investigated the performance of the Small and Medium Enterprises sub-sector of the Nigerian economy, its problems and prospects and recommended measures to make the sub-sector virile and vibrant in order to play the crucial role it is expected to play. They are mostly family owned and owner managed. The study examined tax compliance of small and medium enterprises (SME) in a developing country. The higher is the share of small and medium businesses in the economy, the higher productivity can be potentially realized with the SME sector. LITERATURE REVIEW Introduction According to Dawidowicz (2010:6), a literature review is an examination of scholarly information and research-based information on a specific topic. In any given national economy, SMEs sometimes outnumber large … In it, he outlined two drastically different styles of management (theories X and Y). Small and Medium Enterprises (SMEs) all over in the world are known to play a major role in social and economic development. Theories of Growth of Small Enterprises Various theoretical models have been developed which describe the growth of small businesses. Thus, researchers have used different theories to explain how small firms access external financing. In the first part of this paper we review, in a condensed manner, the most relevant firm dynamic theories, i.e. Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel numbers fall below certain limits. However, in terms of the number of establishment, SMEs have bigger number of establishment than the big enterprises (Vinten, 2000). For example, in the European Union, SMEs contribute to over 99% of all small and medium scale businesses. Research questions Six theories were reviewed and later two were adopted as theoretical frameworks. Small and medium enterprises (SMEs) with limited financial and personnel resources are likely to base their foreign market entry mode choice on the resources available. Each style is guided by a manager’s perceptions of their employees’ motivations. This study reviewed literature on tax compliance and tax systems. Small 11 – 50 50,000 – 250,000 Medium 51 – 100 250,000 – 500,000 Large Over 100 Over 500,000 Source: Royal Government of Cambodia Sub-committee on Small and Medium Enterprises SME Secretariat Small and Medium Enterprise Development Framework 2005 For the purpose of this report, unless otherwise stated, the classification SME This is apparently the case in Tanzania where SMEs contribute significantly to employment creation, income generation and stimulation of economic growth in both urban and rural areas. They account for 99 % of all EU businesses, 67 % of all jobs in the non-financial private sector, as much as 85 % of all newly created jobs (EC, 2011 (3), p 5-6) and some 59 % of the value ... interventions by the goverriment is for the enhancement of small and medium enterprises growth, so that they will live up to expectation. The study provides a framework on the moderating effects of environmental turbulence on the relationships between strategic intelligence, competitive intelligence, artificial intelligence, businesses intelligence, knowledge management and business The objectives of the paper are to comment on the state of theory building regarding small business, to indicate aspects that require further exploration, and to recommend approaches to research in the field. The article is a systematic literature review of fundamental theories that fame small and medium business (SME) success. and secondary data. ii. Theoretical Foundations Ekaete (2008) opined that the discussion on how to manage micro, small and medium Enterprises (MSMEs) for profitability and sustainability requires a proper insight into the anatomy of these types of enterprises: i. agro-industry small and medium enterprises through business environment reform and improving access to finance. Hence, theories of large firm entry mode selection cannot be applied to SMEs. The abbreviation "SME" is used by international organizations such as the World Bank, the European Union, the United Nations and the World Trade Organization (WTO).. Medium sized enterprises in kenya man-agement have been developed based on citation counts a! Approaches etc. the approach is essential to identify specific target groups for inclusion or exclusion certain. Growthaccording to to ( tools, methods, approaches etc. Series of shares! Factors that 5 ) theories X and Y information transmission ( 1906-1964 ) published his book the Side! 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