Critical Success Factors of Small and Medium Enterprises in Pakistan

Abstract

The aim of this research study is to analyze the critical success factors of small and medium enterprises (SMEs) in Pakistan, using quantitative approach. In this study, we have focused three critical success factors including, Govt. policies, Managerial skills and Technological advancement. The data for this study was obtained through structured questionnaire. The study used descriptive statistics, correlation and regression technique to analyze the critical factors affecting the SMEs success in Pakistan. The results show that, managerial skills, government policies and technological advancement have significant and positive impact on SME’s success in Pakistan. The study contributes to the understanding the important factors that play significant role in success of SMEs in Pakistan. The study suggests that policy makers can consider the findings in formulating policy which may create an environment that is feasible for the development of SMEs in Pakistan.