EXAMINATION OF DECISION-MAKING STRUCTURES’ PERCEPTIONS OF COMPONENTS ON THE INFLUENCES OF SME SUCCESS

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Published: Mar 25, 2023
DOI: https://doi.org/10.47305/JLIA2391242s
Keywords:
SME Performance, Education, Experiences, Business Plan, Obstacles

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Muhamet Spahiu
Universum College - Prishtina, Kosovo
https://orcid.org/0000-0001-8552-0432
Esat Durguti
University Isa Boletini, Faculty of Economics - Mitrovica, Kosovo
https://orcid.org/0000-0002-5982-3664

Abstract

Small and medium-sized enterprises (SMEs) have succeeded in being the main and dynamic pillar of national and international economies. Education and work experience is essential in increasing SMEs’ efficiency and competitiveness. The changing business environment has created fierce competitiveness among SMEs, requiring active interaction between managers/owners and stakeholders. As a result, this study aims to explore the influence of education, experience, using a business plan, and barriers on the success of small and medium-sized businesses. This research employed an online questionnaire for scientific research. Through ordered logistic modeling, we observed 336 answers from businesses using the qualitative approach. The study’s findings reveal that education and work experience have a statistically favorable influence on the performance of SMEs, whereas barriers have a substantial adverse influence. Findings on barriers are noteworthy in the context of this study since the governing institutions throughout the pandemic and later situations experimented with the measures adopted. The study also benefits SMEs and legislation authorities in understanding the critical concerns that are perceived as barriers to the growth and expansion of SMEs, resulting in the creation of even more sophisticated infrastructures to support sustainable development. 

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How to Cite
Spahiu, Muhamet, and Esat Durguti. 2023. “EXAMINATION OF DECISION-MAKING STRUCTURES’ PERCEPTIONS OF COMPONENTS ON THE INFLUENCES OF SME SUCCESS”. Journal of Liberty and International Affairs 9 (1):236-52. https://doi.org/10.47305/JLIA2391242s.
Issue
Vol. 9 No. 1 (2023): Journal of Liberty and International Affairs
Section
Articles
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This work is licensed under a Creative Commons Attribution 4.0 International License.

Author Biographies

Muhamet Spahiu, Universum College - Prishtina, Kosovo

Prof. Ass. Dr. Muhamet J. Spahiu is engaged in the Universum College. He brings many years of experience in lecturing and training and is oriented toward achieving high-performance objectives. He completed his doctoral studies in the field of "International Business Laws and EU Laws" at the European School for Peace and Development, founded by the United Nations, and the field of "Economics" at the International University of Struga. He has 22 years of experience in various fields and sectors of the economy, starting with international humanitarian agencies, banks, private companies, public institutions, and universities, and as an expert in various specialized agencies, and is distinguished for high-performance management in all the sectors in which it is engaged. His diverse experiences prepare him for management, and economic development, especially in the bottom-up approach, finance and accounting, and commercial legal representation. In addition to experience and academic advancement, he has also engaged in various trainings and specializations. He is certified as a 'project manager' by PMI Pennsylvania, trainer of trainers in economic development from the bottom up, accounting, has managed and drafted over 40 strategic management processes. Scientific research is mainly focused on sustainable economic and business development, innovative management, and advancement of the banking sector, with a special focus on the manufacturing industry due to its importance in the total development of a country's economy. He started intensively with scientific works in recent years, which are published in scientific journals indexed in Scopus and Web of Science. Some of the papers are accepted pending publication in future issues. There are also scientific papers at various conferences in the country and abroad.

Esat Durguti, University Isa Boletini, Faculty of Economics - Mitrovica, Kosovo

Esat A. Durguti, currently holds the position of Associate Professor at the University Isa Boletini in Mitrovica, at the Faculty of Economics. He obtained his doctorate in the field of Finance at the University of Tirana with the topic: "Banking Supervision at the Current Stage of Development in the Banking System - Implementation of the Basel III Regulation and its Impact on the Banking System of Kosovo". The field in which Mr. Durguti teaches and his research is focused on aspects of personal, corporate, and public finance. Until now, he has published a large number of scientific articles with international reviews indexed in Web of Science and Scopus. Also, he is on the editorial board of several prestigious international journals.