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Entrepreneurship and Sustainability Issues Open access
Journal Impact FactorTM (2022) 1.7
Journal Citation IndicatorTM (2022) 0.42
Received: 2020-07-07  |  Accepted: 2020-10-13  |  Published: 2020-12-30

Title

Research on the effect factors of technical performance on SMEs by industrial sectors


Abstract

This study's research question is that there will be a crucial element in improving business performance among SMEs' success variables and competencies. Significantly, there should be different variables for performance in industry sectors. 1) The success variables of SMEs vary widely, but four characteristics of technology, management, commercialization, and exit strategies were selected. 2) The mediator is a technology innovation and technology marketing function. 3) The dependent variables are technical, financial, and non-financial performance. Previous literature had problems studying only the effects of each of the three variables, so we established a hypothesis and research model that focused on causality studies linking them. According to the data group analysis result for 3330 CEOs of SMEs, the six industries' performance impact factors were different. As a result of comparative analysis of changes in performance impact by industry, it was found that the largest increase in Information Technology (IT)/Software (S/W), Life/Food, and Crafts sectors. The key research finding is that it has verified the essential elements of critical performance improvement. We provided that different success variables and competencies differ in performance across industries. The results are expected to contribute to SMEs' CEO and government policymakers' practical applications, support organizations, academia, and industry.


Keywords

entrepreneurial performance, entrepreneurial competency, Small and Medium-sized Enterprises (SMEs), technical performance, effect factor, technology commercialization


JEL classifications

O32 , L26 , M13 , D22 , L21 , L53


URI

http://jssidoi.org/jesi/article/749


DOI


Pages

1120-1141


Funding

This research was financially supported by Hansung University, Korea

This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Kim, Seok-Soo
Hansung University, Seoul, Korea, Republic of http://www.hansung.ac.kr
Articles by this author in: CrossRef |  Google Scholar

Journal title

Entrepreneurship and Sustainability Issues

Volume

8


Number

2


Issue date

December 2020


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

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References