Article | Open Access | Published: 2 December 2014
Analysis of Economic and Technological Strategic Factors affecting the Performance of Small and Medium Enterprises of Apparel Sector in Pakistan
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Abstract:
The objective of the study is to explore and examine the economic and technological environmental factors affecting the performance of apparel SMEs in Pakistan. This study contains a qualitative as well quantitative analysis. Primary data was collected through a questionnaire and structured interviews of the representatives of the apparel sector associations. Those apparel firms were selected that qualified as apparel SMEs as per the definition of SME policy (SME Policy 2007, 2007). The study concludes that interest rates, devaluation, and inflation significantly affect the performance and demand dynamics, regional economic cooperation, and the only technological factor spending in information technology, do not significantly affect the performance of apparel SMEs in Pakistan. This study will help managers to take preemptive measures to minimize the effect of economic & technological factors affecting the performance of SMEs.
Keywords:
Foreign direct investment, economic growth, Pakistan
Publisher:
ILMA UNIVERSITY
Published:
2 December 2014
Issue:
Issue 2 : Volume 10
E-ISSN:
2409-6520
P-ISSN:
2414-8393
This is an open access article distributed under the terms of the Creative Commons Attribution CC BY 4.0 license, which permits any use, distribution, and reproduction of the work without further permission provided the original author(s) and source are credited.