Operations Strategy Practices of SMEs
Journal Title: Global Economics Rview - Year 2017, Vol 2, Issue 0
Abstract
There is a close link between operations strategies and firm performance. Thus, it is paramount to find out what competitive priorities are adhered to by small and medium enterprises when it comes to operational decision making. The sample is drawn from 244 manufacturing small and medium enterprises (SMEs) operational in Khyber Pakhtunkhwa (KP), Pakistan. Consistent with the research objective, Exploratory Factor Analysis (EFA) is employed to reveal the preference of SMEs in adopting competitive priorities. The results show that the most preferred competitive priority is cost followed by quality and flexibility with delivery priority the least sought-after operations strategy. The paper adds value to a finer and richer understanding of operations strategies in SMEs context and provides insights to practitioners and managers to effectively enhance their firm performance by pursuing right operations strategies.
Authors and Affiliations
Fazal Haleem, Muhammad Jehangir, Asia Baig
Keywords
Related Articles
- EP ID EP669061
- DOI -
- Views 232
- Downloads 0
Local Market Economics: Brand Analysis in the Market
The purpose of the study was to provide an overview of the present situation of the Colgate toothpaste brand in comparison with other brands on the market such as Forhans, Macleans, and others. The trust for the brand in...
European Union and Liberalism
Complex interdependence is the crucial concept of liberalism. If Liberalism believes in democracy, cooperation, mutual benefits, and human rights, then complex interdependence helps the states to achieve these ideals. Mo...
Capitalism in the 21st Century: A Marxist Perspective
A Marxist understanding of the ills of capitalism is applicable to 21st -century capitalism. Motivated by surpluses, capitalism become global in its endeavour of outsourcing production and capital labour substitution. As...
Chinese Politico-Economic Engagement in Africa: Strategy of Economic Diplomacy and Beyond
Since the late 1990s, while Chinas official announcement of its going out strategy and soon after, during early 2000s collaborations with World Trade Organization (WTO) to persuade economic engagements beyond Chinese geo...
The Analysis of Income Inequality and Economic Growth Relationship: Evidence from Pakistan’s Data
This research gives a brief overview of Pakistan’s economic growth and income inequality, and empirically assesses the relationship between these two variables of the country over the period of 1990 – 2015. In the empiri...