Critical Success Factors of Small and Medium-Sized Enterprises in Saudi Arabia: Insights from Sustainability Perspective
Abstract
:1. Introduction
2. Success Factors of SMEs: A Review of Literature
3. Research Method and Hypotheses Development
3.1. Instrument
3.2. Factor Analysis
3.3. Reliability and Validity
3.4. Hypotheses Development
4. Research Sample
5. Results and Discussion
5.1. Confirmatory Factor Analysis
5.2. Structural Model
6. Conclusions
Author Contributions
Funding
Acknowledgments
Conflicts of Interest
References
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Component | Initial Eigenvalues | ||
---|---|---|---|
Total | % of Variance | Cumulative % | |
1 | 22.086 | 52.586 | 52.586 |
2 | 5.130 | 12.214 | 64.800 |
3 | 3.378 | 8.044 | 72.843 |
4 | 2.431 | 5.789 | 78.632 |
5 | 1.929 | 4.593 | 83.225 |
6 | 1.681 | 4.003 | 87.228 |
Factors | 1 | 2 | 3 | 4 | 5 | 6 | AVE | CR. |
---|---|---|---|---|---|---|---|---|
ITEM1 | 0.823 | 0.80 | 0.953 | |||||
ITEM2 | 0.909 | |||||||
ITEM3 | 0.943 | |||||||
ITEM4 | 0.928 | |||||||
ITEM5 | 0.876 | |||||||
ITEM6 | 0.860 | 0.80 | 0.942 | |||||
ITEM7 | 0.918 | |||||||
ITEM8 | 0.902 | |||||||
ITEM9 | 0.899 | |||||||
ITEM10 | 0.951 | 0.88 | 0.984 | |||||
ITEM11 | 0.939 | |||||||
ITEM12 | 0.952 | |||||||
ITEM13 | 0.932 | |||||||
ITEM14 | 0.946 | |||||||
ITEM15 | 0.904 | |||||||
ITEM16 | 0.951 | |||||||
ITEM17 | 0.945 | |||||||
ITEM18 | 0.854 | 0.77 | 0.910 | |||||
ITEM19 | 0.889 | |||||||
ITEM20 | 0.890 | |||||||
ITEM21 | 0.941 | 0.91 | 0.967 | |||||
ITEM22 | 0.967 | |||||||
ITEM23 | 0.950 | |||||||
ITEM24 | 0.963 | 0.91 | 0.981 | |||||
ITEM25 | 0.953 | |||||||
ITEM26 | 0.957 | |||||||
ITEM27 | 0.952 | |||||||
ITEM28 | 0.945 |
Factors | Items | Description |
---|---|---|
Individual factors | ITEM1 | Owner/manager age |
ITEM2 | Owner/manager education level | |
ITEM3 | Owner/manager business skills and experience | |
ITEM4 | Use of professional advisors | |
ITEM5 | Personal financial needs. e.g., improve living style | |
Business characteristics | ITEM6 | Business size |
ITEM7 | Business networks | |
ITEM8 | Business innovation | |
ITEM9 | Ability to compete | |
Management factors | ITEM10 | Management commitment and support |
ITEM11 | Organizational infrastructure | |
ITEM12 | Human resource management practices | |
ITEM13 | Organizational culture | |
ITEM14 | Work environment | |
ITEM15 | Internal communication | |
ITEM16 | Corporate social responsibility | |
ITEM17 | Information technology | |
Business support | ITEM18 | Financial support |
ITEM19 | Government support | |
ITEM20 | Family and friends support | |
Capital availability | ITEM21 | Financial capital |
ITEM22 | Human capital | |
ITEM23 | Social capital | |
Business environment | ITEM24 | Economic factors |
ITEM25 | Technological factors | |
ITEM26 | Legal factors | |
ITEM27 | Socio-cultural factors | |
ITEM28 | Ecological factors |
Hyp. No. | Path | ß | S.E. | CR | P |
---|---|---|---|---|---|
H1 | Individual factors → business success | 0.157 | 0.063 | 2.484 | 0.013 |
H2 | business characteristics → business success | 0.002 | 0.049 | 0.039 | 0.969 |
H3 | Management factors → business success | 0.105 | 0.043 | 2.429 | 0.015 |
H4 | business support → business success | 0.289 | 0.046 | 6.257 | 0.000 |
H5 | Capital availability → business success | 0.131 | 0.063 | 2.090 | 0.037 |
H6 | business environment → business success | 0.047 | 0.045 | 1.054 | 0.292 |
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Al-Tit, A.; Omri, A.; Euchi, J. Critical Success Factors of Small and Medium-Sized Enterprises in Saudi Arabia: Insights from Sustainability Perspective. Adm. Sci. 2019, 9, 32. https://doi.org/10.3390/admsci9020032
Al-Tit A, Omri A, Euchi J. Critical Success Factors of Small and Medium-Sized Enterprises in Saudi Arabia: Insights from Sustainability Perspective. Administrative Sciences. 2019; 9(2):32. https://doi.org/10.3390/admsci9020032
Chicago/Turabian StyleAl-Tit, Ahmad, Anis Omri, and Jalel Euchi. 2019. "Critical Success Factors of Small and Medium-Sized Enterprises in Saudi Arabia: Insights from Sustainability Perspective" Administrative Sciences 9, no. 2: 32. https://doi.org/10.3390/admsci9020032
APA StyleAl-Tit, A., Omri, A., & Euchi, J. (2019). Critical Success Factors of Small and Medium-Sized Enterprises in Saudi Arabia: Insights from Sustainability Perspective. Administrative Sciences, 9(2), 32. https://doi.org/10.3390/admsci9020032