Factors Affecting the Sustainability of SME Industries: A Case Study in the Southern Province of Sri Lanka

J. Haresankar, U. I.K. Galappaththi, Lama Perera

Research output: Chapter in Book/Report/Conference proceedingConference contribution

2 Citations (Scopus)

Abstract

The Small and Medium Enterprises' (SMEs) growth in Sri Lanka is negatively affected by several factors such as lack of financial management, education facilities for the SMEs, less technological support, social issues, obstructive legal policies, limited financial support schemes, and problematic ethical factors. The current study is focusing on the Southern Province of Sri Lanka since it was noticed that the relative dominance of these factors is different compared to the other Provinces in Sri Lanka. This project focuses on evaluating fundamental factors required for developing a strong foundation for emerging sustainable SMEs and comparison of these factors statistically, and qualitatively in SMEs of the Southern Province of Sri Lanka. The coordination of the research was comprised with literature review, questionnaires, interviews and inspection analysis to provide information for solutions. The studies in legal policies, balance maintenance on asymmetrical knowledge, political stability, capital strength, organization morale, technical background were analyzed on countries such as USA, India, and China, and also on well established Western and Central Provinces in Sri Lanka, which eventually provided us with a good contrast. These data were used to investigate the shortcomings of SMEs in the Southern Province and showed an overall result that 53% of SMEs have failed due to above factors. The study can also be expanded to a wider picture to answer factors affecting the sustainability of SMEs in Sri Lanka compared to other nations. The research will provide valuable insights to support the growth of SMEs in the Southern Province of Sri Lanka.

Original languageEnglish
Title of host publication2018 International Conference on Production and Operations Management Society, POMS 2018
PublisherInstitute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)9781538695005
DOIs
Publication statusPublished - Jan 29 2019
Event2018 International Conference on Production and Operations Management Society, POMS 2018 - Kandy, Sri Lanka
Duration: Dec 14 2018Dec 16 2018

Publication series

Name2018 International Conference on Production and Operations Management Society, POMS 2018

Conference

Conference2018 International Conference on Production and Operations Management Society, POMS 2018
CountrySri Lanka
CityKandy
Period12/14/1812/16/18

Keywords

  • Problematic issues of SMEs
  • Sustainability of SMEs

ASJC Scopus subject areas

  • Management of Technology and Innovation
  • Industrial and Manufacturing Engineering
  • Strategy and Management
  • Management Science and Operations Research

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    Haresankar, J., Galappaththi, U. I. K., & Perera, L. (2019). Factors Affecting the Sustainability of SME Industries: A Case Study in the Southern Province of Sri Lanka. In 2018 International Conference on Production and Operations Management Society, POMS 2018 [8629493] (2018 International Conference on Production and Operations Management Society, POMS 2018). Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/POMS.2018.8629493