The Literature Review is a broad-ranging, critical view of the literature on a particular topic. The main aim of a literature review assignment is t
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The Literature Review is a broad-ranging, critical view of the literature on a particular topic. The main aim of a literature review assignment is to summarise and critically evaluate the literature to establish current knowledge of a topic
Your literature review assignment should include the following:
The main ideas, theories and concepts related to your topic.
Areas of agreement and disagreement related to your topic
Any problems or gaps in the literature related to your topic.
NOTE: Remove this comment so you can use the template that starts on the next page
00COMMENT
The Literature Review is a broad-ranging, critical view of the literature on a particular topic. The main aim of a literature review assignment is to summarise and critically evaluate the literature to establish current knowledge of a topic
Your literature review assignment should include the following:
The main ideas, theories and concepts related to your topic.
Areas of agreement and disagreement related to your topic
Any problems or gaps in the literature related to your topic.
NOTE: Remove this comment so you can use the template that starts on the next page
TENTATIVE TITLE
A Literature Review Proposal
Presented
by
STUDENT NAME
Copyright by STUDENT NAME YEAR
All Rights Reserved
LITERATURE REVIEW
1.1 IntroductionIntroduce the general issue and its importance.
Identify key trends or perspectives.
Give a brief outline of the structure of the body.
Identify the specific focus of this literature review.00COMMENT
In this introductory part you should introduce your topic, some trends or perspectives.
0COMMENT
In this introductory part you should introduce your topic, some trends or perspectives.
THEORY #1
2.1 Theory of Reasoned Action
The Theory of Reasoned Action (TRA)
2.2 Culture as Important Factor to Technology Adoption
Culture is
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In this and following sections you should review each of theories or themes that you intend to use in your thesis.
Develop themes, highlighting major concepts, influential studies, etc., in relation to your topic.
Focus on areas of agreement, disagreements, tensions and contentious issues related to your topic.
Use strong topic sentences at the beginning of each paragraph so the reader can clearly identify the theme or aspect of the theme being
0COMMENT
In this and following sections you should review each of theories or themes that you intend to use in your thesis.
Develop themes, highlighting major concepts, influential studies, etc., in relation to your topic.
Focus on areas of agreement, disagreements, tensions and contentious issues related to your topic.
Use strong topic sentences at the beginning of each paragraph so the reader can clearly identify the theme or aspect of the theme being
Literature Review
3.1 XXXX
YYYYY
3.2 YYYY
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3.3 ZZZZ
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3.4 AAAA
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Summary of the Literature Review
Overview
Through the literature review we can conclude that..952552705COMMENT
Summarize major contributions in the literature, in the context of the particular focus mentioned in the introduction.
Conclude by summing up and identifying the significance of the topic in relation to the literature
0COMMENT
Summarize major contributions in the literature, in the context of the particular focus mentioned in the introduction.
Conclude by summing up and identifying the significance of the topic in relation to the literature
Identification of Study Gaps
Research Purposes
Research Questions
BIBLIOGRAPHYBranford, Victor. Interpretations and Forecasts: A Study of Survials and Tendencies in Contemporary Society. London: Duckworth & Co., 1914.
Darwin, Charles Robert. On the Origin of Species by Means of Natural Selection, or Preservation of Favoured Races in the Struggle for Life. Facsimile Edition, Cambridge: Harvard University Press. London: Murray, 1859.
. The Expression of the Emotions in Man and Animals. Reprint Edition, Chicago: University of Chicago Press 1965. London: D. Appleton, 1872.
. The Descent of Man, and Selection in Relation to Sex. 2 vols. New York: D. Appleton, 1872.
Geddes, Patrick. Cities in Evolution: An Introduction to the Town Planning Movement and to the Study of Civics. London: Williams & Norgate, 1915.
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All factual material that is not original with you must be accompanied by a reference to its source. Please use Havard citation style.
0COMMENT
All factual material that is not original with you must be accompanied by a reference to its source. Please use Havard citation style.
Meenakshis Literature Review Structure
Title: Fostering Entrepreneurship by Closing Productivity Gaps in India's Small and Medium Enterprises
1.1 Introduction
The Small and Medium Enterprises (SMEs) in India have created a huge change to the entire Indian economy. There are many aspects to enhancing entrepreneurship in SMEs in India. In this study the emphasis is on closing the productivity gap in the sector. Effective entrepreneurs are frequently more imaginative and quicker to adapt new technologies. These new technologies can result in higher production, which can help close the productivity gap.Successful business owners are more likely to be able to obtain the cash they require for their operations. New technologies can allow them to spend money on resources and technology that will increase productivity. The difference in productivity levels between SMEs and larger enterprises operating in the same industry or within comparable sized countries is referred to as the productivity gap of SMEs in India. This difference may differ by two or more factors. The SME sector, on the other hand, has around 36 million units, all of which are attempting to push the boundaries a little bit further. It appears as though a few million change-producing water drops had merged to form an ocean. Impact of globalisation on SMEs and Indian industry (Martn-Rojas et al., 2023). There is also evident literature available for the policy regulation of this sector in the Indian economy which studies the productivity gap in the sector. The study also analyses literature related to the networking and collaboration to fill the productivity gap. As the SMEs are growing it is important to address the productivity gap issues of the sector so that there will be improvement. Depending on factors like net worth, assets, staff strength, shareholder base, finance structure, etc., SMEs are defined differently around the world. Based on the type of business, SMEs in India are divided into two primary types that are manufacturing and service enterprises. The current state of productivity gap SMEs in India is discussed, along with the difficulties they are currently facing in a more competitive business environment. Before the SME may experience international growth, a number of issues are noted, particularly the use of technology.
Theory
2.1. Theory of Reasoned Action
The theory of behavioural reasoning was developed by Ajzen and Fishbein (1980) to explain how consumers achieve certain purchasing behaviours. Its basic premise is that people act consciously and consider all relevant information. Attitudes and unreasonable standards are two independent elements that influence desire. The concept can be said to have little effect on only three things and change behaviour through wise and deliberate decision-making. First, attitudes towards behaviour are formed by considering the consequences of that behaviour when it is carried out. An individual's actions are not just based on the beliefs and perceptions that they hold to be true; they also take into account the thoughts and perceptions of those who are near to or linked to them. Third, attitudes develop as a result of how people view and perceive things. By paying attention to how people observe or perceive behaviour, behavioural intentions can develop into actual behaviour. The study makes three contributions to the field of finance literature (Kijkasiwat, 2021). First, the study looks into the non-economic elements, such as private equity and retained earnings, that have an impact on private finance. Second, by embracing non-financial theory, the study expands our understanding of financial decision-making from the perspective of SMEs' owners. Thirdly, the study expands the samples by looking more closely at SMEs in many nations, providing a strong improvement on earlier findings.
FIGURE 1.
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The entrepreneurial effectiveness can be ensured to a great extent by closing the productivity gap between the SMEs and the large firms in India. (Figure1). Hence there are various methods of closing the productivity gap that are discussed in the thesis. There is skill development, infrastructure, policy environment and network and collaboration which can help in the reduction of Productivity gap.
The significance of skill development, the functions of organisations like NSDA and PMKVJ and the necessity of combining skill development with secondary education are all covered in comprehensive literature review on development research in India. Closing the skills gap is essential. Continuous efforts like apprenticeship, internship, and mentorship programmes might help achieve this. The "Closing the Skills Gap 2020" project of the World Economic Forum offers information on re skilling and up skilling programs. By developing strategies suited to address the most urgent requirements of Small and Medium Enterprises (SMEs), governments worldwide are assisting in bridging the productivity gap.3. Reducing the productivity difference between large and small businesses globally might result in an estimated $15 trillion in value addition, or nearly 7% of the world GDP.
2.2 Literature Review
2.2.1 Entrepreneurship
Scholars and practitioners alike have long been interested in entrepreneurship, across markets and organisational typologies. Entrepreneurship has been encouraged and made easier by the growth of digital technology platforms, which are inextricably linked to SMEs (Chatterjee et al., 2022). SME business owners can create direct connections between suppliers and customers and can interact closely with other stakeholders by implementing digital technology platforms. The findings also highlight organisational resilience's strategic importance and how it perfectly mediates company performance (Martn-Rojas et al., 2023). Research on entrepreneurship have important management ramifications since they outline the steps managers must take to capitalise on social media use, develop their entrepreneurial and resilience skills, and succeed in business during these challenging times.
The entrepreneurial mindset of the people has expanded with the introduction of the major policy reforms which has motivated the SMEs. The major one being the Make in India attempt. The economic expansion and enhancement in the living standards requires an increase in the developing countries. It promotes creativity and creates new job opportunities, which lowers unemployment and raises wages. In addition to starting new companies, entrepreneurs also accelerate structural changes in the economy, shape innovation, and generate new competitors, all of which boost economic growth, productivity, and employment creation. Entrepreneurship provides economic independence and helps economies that are focused on the market grow. Better societal integration and social progress might also result from it. It's crucial to remember that entrepreneurship has a positive impact on economic growth, but these benefits are more likely to materialise in settings that encourage it, such as stable political environments, easy access to money, and strong educational systems. As a result, encouraging entrepreneurship is essential to these nations' economic progress.
2.2.2 Small and Medium Enterprises in India-
India's SMEs have been dealing with numerous difficulties, particularly after the second COVID-19 wave. The majority of SMEs recorded revenue CAGRs between -20% and +20%, EBIT CAGRs between -5% and +12%, indicating that the firms suffered from margins less than the revenue, which witnessed more skewness since the minimum-maximum range was 4000 bps compared to the margin minimum-maximum range of 1700 bps, according to a study done on 732 listed SMEs, which are representative of the overall population of small and medium businesses, whose revenues are between $1 million and $30. The winnersthose that persevered through the anguish of COVID-19 and are now in a position to benefit from the next growth cycleare characterisedby five essential positive traits, according to experience working with SMEs: a desire for growth despite a catastrophe being ready to build management skills that embrace technology in acquaintances, interactions, and transactions in order to secure important customer accounts as well as maintain significant employees. SMEs with concentrated customer segments and various product lines functioned better than generally oriented SMEs.
A study by Rathod observes that the idea of a global economy has shrunk the world into a village. As a result, in the global village, competition is fierce in every industry. Through the introduction of incentives and financial support for small and medium-sized firms (SMEs), nations are implementing reform strategies to maintain their economies.The Indian government has been focusing on the potential expansion of SMEs and their basis in thecountry, which has positively influenced the nation's economic progress (Rathod, 2016). The contribution of SMEs has increased in the competitive Indian economy.
SMEs are crucial to the Indian economy since they significantly increase employment, manufacturing output, and exports. But SMEs suffer a number of difficulties that limit their ability to grow. In America, there are 33.2 million small enterprises, which make up 99.9% of all firms in the country.Just nearly two-thirds (63%) of the new jobs created between 1995 and 2021 are attributed to small firms.A staggering 5.4 million new business applications were filed in the United States in 2021. These nations' SMEs have embraced digital transformation, which has improved their operations, allowed them to compete successfully in the global market, and allowed them to reach a wider audience. Digital technology use by Indian SMEs might be advantageous for their business operations. Statistics from this study and other reports imply that effort should be made proactively to protect SMEs from giant corporations and support their healthy growth. A firm with fewer than 250 employees and a revenue of less than 50,000,0003 is classified as a SME in the UK. But on October 3, 2022, new laws went into effect in the UK, designating as a SME any company that employs fewer than 500 people.99.9% of private sector companies in the UK are SME. Businesses in these nations are renowned for emphasising innovation. They make research and development investments and are frequently at the forefront of emerging technical trends. Indian SMEs can concentrate on innovation as a means of standing out from the competition and providing value to their clientele. According toresearch, the contribution of SMEs has increased in the competitive Indian economy.India's economy has grown after gaining independence. The environment for Indian SMEs has evolved from one of protection to one of competition since the opening of the Indian market. The performance, competitive price, and product quality are significant difficulties for SMEs. The inaccessibility of resources would prevent SMEs from entering the export market. Investments could be made in R&D, automated systems, and training and development.And a market analysis of SMEs. The significance of SMEs was explained by researchers.Considering its role in the global economy, opportunities and difficulties were highlighted as a result ofImpact of globalisation on SMEs and Indian industry.
2.2.3 Infrastructure and Technology Support
The foundation for a nation's economic prosperity is its infrastructure development, which also contributes to raising inhabitants' standards of living. The GDP is multiplied by 1.21.5 times for every rupee invested on infrastructure development, which helps the economy grow. In addition to boosting linked companies and creating significant amounts of new jobs, infrastructure development also helps society by enabling all citizens to access basic utilities and services.
A paper by Todd and Javalgi provides an outline of the current economic circumstances affecting SMEs in India is given. The variables required for business expansion are then covered, along with the difficulties in filling the identified resource shortfalls. The value of encouraging entrepreneurship is discussed. The state of technology today is then assessed. An analysis of the difficulties and consequences for future growth comes toward the paper's conclusion.
The current state of SMEs in India is discussed, along with the difficulties they are currently facing in a more competitive business environment (Todd & Javalgi, 2007). Before the SME may experience international growth, a number of issues are noted, particularly the use of technology. The impact of entrepreneurship on the economic growth of the SME and the infrastructure gaps that could permit more effective use of resources are both given particular emphasis.
Every other day, new technologies are swiftly entering the market and piling one on top of the other. The market structures and demand are always changing as a result of technological replacements. To this purpose, technological innovation introduces a new dynamic axis to the system.(FIGURE 2). This is because technologies alter input/output relations, upsetting the market's equilibrating forces. In addition to price-performance factors, this enables increased production and occasionally different outputs from fewer inputs. Thus, technological innovation presents a challenge to scientists and engineers while serving as a profitable business strategy.
A study by Nair et al. (2019) reveals the readiness criteria for IT implementation in an Indian context are not sufficiently covered in the literature that is currently available addressing factors necessary for successful
information technologies (IT) deployment in small and medium companies (SMEs). In this exploratory study, a framework for analysing the factors that contribute to organisational readiness for adopting IT infrastructure in SMEs is developed and tested. The case study reveals that a crucial element, one not noted in the literature assessment, is the SME owners' initiative to undertake technological preparedness for organisational sustainability (Nair et al., 2019). The measures are put to the test empirically. Customers' pressure, the owner's age, SME sales, the owner's attitude towards IT, and the owner's IT knowledge were all validated, proving that organisational elements have a greater impact than technological and environmental ones.
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2.2.4 Skill development and capacity building
Over the past fifty years, the SME sector has grown to be a very active and dynamic area of the Indian economy. SMEs not only play a significant role in creating many job opportunities at capital costs that are comparably lower than those of large industries, but they also aid in the industrialisation of rural and underdeveloped areas, thereby reducing regional imbalances and ensuring a more equitable distribution of income and wealth across the country. SMEs serve as auxiliary units to large businesses and have a significant positive impact on the nation's socioeconomic development.
Governments should support SMEs' survival and expansion since they considerably boost a country's gross domestic product (GDP) and employ a huge number of people. Failure on their part can result in unemployment and the ensuing societal unrest. The Indian government has been examining the necessity for a change in its strategy towards their growth in order to secure the viability of assistance to the SME sector (Saini & Budhwar, 2008). They have thus far been perceived as receiving government support in several areas of their activity, which has led to a scenario of pure "governmental patronage."
The two case studies make it abundantly clear that there is a lack of formalisation in the management of personnel issues in SMEs. This stands in stark contrast to MNCs operating in India, particularly those in the business process outsourcing sector, who implement highly formal, structured, and rationalised HRM systems with considerable success even when they employ fewer employees.
Medium and Small scale in contrast to their counterparts in industrialised economies, which see significant growth, businesses in developing nations typically remain tiny or shrink even further. SMEs play a significant role in the expansion of the economy and have been consistently generating job opportunities across the board. Despite having enormous potential and being able to compete with their overseas counterparts, Indian SMEs lag behind in terms of growth (Gunjati & Adake, 2020). Such businesses are more likely to produce commodities that are driven by the market than to develop novel products. Innovations in SMEs can help the industry and put Indian SMEs on par with those in industrialised nations.
2.2.5 Policy and regulatory environment
In order to support the expansion of SSIs, the government has also launched financial, economic, and infrastructure-related initiatives. Some of the products are preserved exclusively for small-scale manufacturing facilities. Additionally provided is a policy for preferential purchases. DGS&D, the director general of supplies and disposal, buys products/items from small-scale businesses. Organisations of all sizes have tremendous growth potential in a globalised economy. However, small and medium-sized companies (SMEs) in developing countries have found it difficult to participate in this global competition due to various resource constraints (Mukherjee et al., 2023). Effective supply chain management (SCM) can be a key aspect for Indian SMEs to succeed in a fast-paced global market. When implementing effective SCM, SMEs have numerous operational difficulties. This essay's goal is to examine various strategic challenges for the effective application of SCM in Indian SMEs. It has been noted that the three core SCM practises are managing customers, organisational resources, and inventory. Systems for enhancing quick response and quality management are major investment areas (Singh & Kumar, 2020). Knowledge management and human resources have been deemed to be less important areas for SMEs right now. Indian SMEs place a strong emphasis on lowering costs and lead times through efficient SCM.
The manufacturing industry in India is essential to the country's economy, which is now being driven by SMEs. Due to its large contribution to output, exports, and employment in the Indian economy today, small and medium-sized businesses hold a position of strategic importance. Small-scale manufacturing accounts for 50% of all manufacturing exports and 40% of gross industrial value added (S et al., 2019). In India, SMEs are thought to make up over 90% of industrial facilities and 40% of value creation in the manufacturing industry.Manjit Kaur's current work is a modest attempt to comprehend the concept of SMEs, their establishment, and their importance in India's overall growth.
Due to their major contribution to output, exports, and employment, small and medium-sized businesses are crucial to the Indian economic system. In a developing country like India, where labour is cheap and capital is expensive, the small sector provides millions of individuals with a significant portion of their income. The Indian government has included this sector in its five-year plans due to the significance of SMEs. Marketingturns into a resource war. It is almost hard to compete with brands that can erect enormous billboards and secure celebrity endorsements.For small and medium-sized enterprises, word-of-mouth referrals and intelligent use of digital media are the ways to go. The SMEs are nevertheless constrained by issues with marketing, finances, and poor product quality. Even if someone has an amazing product or an even better idea, it can be very expensive to launch even a tiny firm. The majority of SME entrepreneurs turn to lending organisations to reduce the startup costs of their businesses. But not all of these organisations are welcoming to aspiring entrepreneurs.Consequently, one of the biggest issues SMEs confront is the lack of appropriate funding. SME loans frequently have more stringent repayment terms, substantial collateral requirements, complicated documentation requirements, and higher interest rates. In India, a lot of SMEs deal with problems with their products' quality. Low levels of technology adoption are to blame for this, as they may lead to lower-quality products with restricted export potential. SMEs may also have trouble finding raw materials at reasonable costs or with variable quality. Their manufacturing cycles and profitability may be impacted by this.
2.2.6 Networking and Collaboration
An attempt has been made to analyse the performance of small businesses, highlighting the disappointing performance and composition of exports as well as the extensive efforts at SME cluster promotion without a good regional foundation from a development viewpoint. Despite a complex and evolving policy framework,some of the fundamental limitations that have historically prevented the growth of Indian SMEs includelow levels of technology (thus, low product quality), limited financial availability, andlimited exportability) and insufficient or non-existent physical and technological infrastructureeconomic (Patra, 2022). It is too soon to judge the effectiveness and impact of numerous newpolicy changes that were just recently announced.
It has come to be perceived as a bottleneck to the production efficiency of the small firms because of this relatively long-standing and uncommon strategy of reserving some items to be produced only by the small scale sector a lengthy list of more than 800items (the list is often updated, frequently based on political factors, and frequently withoutpersuasive justifications) seems to have lost its initial intent of fostering localemployment utilising locally accessible resources under a policy framework that is "protective."Researchers have examined the impact of this extremely contentious legislation and noted the problem of the technological inefficiency of goods produced under the reserved category ascompared to products that are not reserved.
The term "network resources" combined and merged networks and RBV. The resources from partner firms that the focal company can access through its network connections with the partner companies are known as network resources. Access to knowledge and personal recommendations, which can open up new business chances, are the primary network resources, according to research. In addition, networks can facilitate access to a wide range of resources, including emotional support, political influence, equipment, reputation, and competencies. The company's efforts to fortify the network of which it is a part and to establish or maintain its position in the market result in internationalisation (Guimares et al., 2021). There is no distinction between market entry and expansion because there are no network boundaries. The present model emphasises the significance for the company to solidify its place in the network, whereas the prior model focused on the necessity to overcome entry obstacles. Since the focus is on the partnership relationship inside the network that conducts business through internationalisation, the model takes into account both domestic and foreign partners.
This study is a discussion on the collaboration and networking of the businesses at a global market with the SMEs of India.
2.2.7 Productivity Gap-
Numerous studies have been conducted on the productivity difference between large companies and small and medium-sized enterprises (SMEs). The fragmented nature of the research that has already been done in this area is highlighted by a systematic review of empirical data, which identifies six major themes that affect productivity in SMEs: organisational environment, organisational capabilities, investments, types of innovation, external knowledge base, and commercialisation (OECD, 2019). There are notable differences when comparing the productivity levels and growth trajectories of OECD nations, accession nations, important partners, and certain G20 nations. According to research, there is a 26%, 41%, and 54% productivity difference in France, Germany, and Italy between SMEs and large firms. Additionally, in each given industry and nation, exporting SMEs are found to have labour productivity levels 13 percentage points greater than non-exporting enterprises (Owalla et al., 2021). These results highlight the need for additional study to close the productivity gap and increase the understanding of this topic.
FIGURE 3.
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The Indian government may adopt several strategies to close the productivity gap for boosting the Indian economy.(FIGURE 3) By adequately harnessing the link between education and employment, India can enhance its competitiveness through greater labour productivity. Productivity gap can also be closed by more employment, and labour reforms. The government can also use strategies like providing grants, subsidies, or tax incentives or credits to SME to upgrade their technology or engage in effective research and development. Deregulation of product markets and removal of unnecessary bureaucracy which can bring down barriers to entry and encourage new and dynamic market entrants.
Summary of the Literature Review
The literature review is based upon the research findings through the search engine. There was use of keywords like entrepreneurship, technological advancement, policy and regulation, networking, and collaboration. All these words were searched in association with the SMEs in the Indian Economy. There are studies about the working of the SMEs. There are different techniques used for the promotion of the work. But there is barely any study related to the different factors that affect knowledge sharing among the companies of similar cluster. The paper is a description of the same.
Three factorssize, age, and obstacles faced by SMEsare used to study the innovative behaviour of SMEs. The outcome demonstrates that SMEs' use of innovation is influenced by their size, and statistically speaking, there is no relationship between age and inventive behaviour. Barriers including a lack of technically qualified labour, outdated technology, and a lack of cash or a complicated funding process have an impact on their inventive behaviour.
Identification of Study Gaps
There is sufficient research available for the development of SMEs. There is major productivity gap in the SMEs and the big companies which will be the area of the study for this paper. The research gap of the study ensures that the entrepreneurs in the SMEs understand the major aspects of the production gaps. First is Fragmented Research that is there is a dearth of a comprehensive strategy and fragmentation in the current research on SME productivity. Accurate insights can be obtained through a more comprehensive strategy that takes into account all variables influencing productivity at the same time. While we recognise the significance of technology such as digital tools, automation systems, or software solutions in enhancing the SME productivity, further empirical research is essential to pinpoint the specific ways technology adoption can amplify SME efficiency. Third is the impact of Government Policies for closing the productivity gap: Although some technology-related government initiatives have been introduced for SMEs, it is necessary to assess how well these initiatives are working to increase productivity. The study about the infrastructure, skill and development, capacity building and networking and collaboration to understand the conditions of Entrepreneurs of SMEs in India. A systematic review's evaluation of the available evidence frequently identifies crucial areas where information gaps impair our capacity to make judgments.
The above literature review made it evident that there are no or very few studies related to entrepreneurship aspect of the Productivity gap in the SME of the Indian economy. These studies have not been able to elaborate clearly on the entrepreneurial development of the SMEs in the Indian economy. By developing strategies that are suited to the most urgent requirements of SMEs, governments everywhere are assisting in closing this disparity. For instance, in the construction industry, the productivity difference between large and small enterprises is 41% in Germany, 54% in Italy, and 26% in France.Small and medium-sized businesses undoubtedly make a significant contribution to the growth of the Indian economy. Yet, there is not as much discussion of the most recent techniques that can continue expanding profits for SMEs. In these industries, there is a requirement for the infrastructure to accommodate and expand a research and development depar for tment for the organisation.
Study Purposes
The purpose of the study is to understand the issues related to the productivity gap of the SME sector in the Indian economy. Providing comprehensive research comprising of aspects like the rapid advancement of technology has led to the replacement of traditional marketing strategies with new ones, which has greatly aided the expansion and accessibility of the Internet the issues that still make entrepreneurship ineffective for the SMEs. The study will make detailed analysis of the strategies related to the productivity gap which will help the economy stronger. Another important purpose is that this research aims to investigate and identify the nuanced impact of technology adoption including digital tools, automation systems and software solutions on SME productivity. The study seeks to provide a comprehensive understanding of how these technologies contribute to enhancing efficiency in specific contexts within the SME sector.The third purpose is that researching on the productivity gap can reveal obstacles like the policy gaps that need to be filled up to increase productivity as well as areas for improvement. It can also assist in guiding future studies and strategies aimed at removing obstacles and maximisingchances for productivity increase. The study makes it possible forenterprises to assess their performance against that of their competitors and against organisational goals.When new small businesses join the market with new technologies, they frequently encourage incumbents to make adjustments that will increase productivity.Throughout the 20082009 financial crisis, there has been an increase in productivity disparity as a result of different patterns of production at the company level. This problem can be solved by researching this gap.
Research Questions
How will skill development, infrastructure, policy environment and networking effect the SMEs for closure of productivity gap to enhance entrepreneurship?
How do various technologies including digital tools, automation systems and software solutions distinctively influence and contribute to the enhanced efficiency of small and medium sized enterprises and what contextual factors play a significant role in determining their impact on productivity.
How can the Indian government bring policy changes to ensure the productivity gap is closed ensuring a better entrepreneurial environment?
References-
Chatterjee, S., Chaudhuri, R., Vrontis, D., Thrassou, A., 2022. SME entrepreneurship and digitalization the potentialities and moderating role of demographic factors. Technological Forecasting and Social Change 179, 121648. https://doi.org/10.1016/j.techfore.2022.121648
Guimares, L.G., Blanchet, P. and Cimon, Y. (2021) Collaboration among small and medium-sized enterprises as part of internationalization: A systematic review, Administrative Sciences, 11(4), p. 153. doi:10.3390/admsci11040153.
Gunjati, S.B. and Adake, C.V. (2020) Innovation in Indian smes and their current viability: A Review, Materials Today: Proceedings, 28, pp. 23252330. doi:10.1016/j.matpr.2020.04.604.
Kijkasiwat, P. (2021) The influence of behavioral factors on smes owners intention to adopt Private Finance, Journal of Behavioral and Experimental Finance, 30, p. 100476. doi:10.1016/j.jbef.2021.100476.
Martn-Rojas, R., Garrido-Moreno, A., Garca-Morales, V.J., 2023. Social media use, corporate entrepreneurship and organizational resilience: A recipe for SMEs success in a post-Covid scenario. Technological Forecasting and Social Change 190, 122421. https://doi.org/10.1016/j.techfore.2023.122421Mukherjee, A., Scott, J.M., Deakins, D., McGlade, P., 2023. Stay home, save SMEs? The impact of a unique strict COVID-19 lockdown on small businesses. International Journal of Entrepreneurial Behavior & Research 29, 18841905. https://doi.org/10.1108/ijebr-02-2023-0099Nair, J., Chellasamy, A. and Singh, B.N.B. (2019) Readiness factors for information technology adoption in smes: Testing an exploratory model in an Indian context, Journal of Asia Business Studies, 13(4), pp. 694718. doi:10.1108/jabs-09-2018-0254.
OECD , 2019. . OECD. URL https://www.oecd-ilibrary.org/ (accessed 11.22.23).
Owalla, B., Gherhes, C., Vorley, T., Brooks, C., 2021. Mapping SME productivity research: a systematic review of empirical evidence and future research agenda. Small Business Economics 58, 12851307. https://doi.org/10.1007/s11187-021-00450-3
Owalla, B., Gherhes, C., Vorley, T., Brooks, C., 2021. Mapping SME productivity research: a systematic review of empirical evidence and future research agenda. Small Business Economics 58, 12851307. https://doi.org/10.1007/s11187-021-00450-3
Patra, S. (2022) Introduction to adolescence in India: Issues, challenges, and possibilities, Adolescence in India, pp. 15. doi:10.1007/978-981-16-9881-1_1.
Prause, M., 2019. Challenges of Industry 4.0 Technology Adoption for SMEs: The Case of Japan. Sustainability 11, 5807. https://doi.org/10.3390/su11205807Rathod (2016) Growth and job creation: India [Preprint]. doi:10.1787/eco_outlook-v2016-1-graph101-en.
S, J., R, V. and G, S.K. (2019) A study on student perspective about micro, small and medium enterprises, Journal of Advanced Research in Dynamical and Control Systems, 11(0009-SPECIAL ISSUE), pp. 117122. doi:10.5373/jardcs/v11/20192545.
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