Journal of Micro & Small Business Management

Strategy Execution and Performance of SMEs: A Ghanaian Perspective

2026-07-01T08:22:21+00:00

This study investigates how organisational culture, monitoring and control systems, and communication affect SME performance in Ghana, where SMEs make up over 90% of businesses but struggle with sustainability. Using a quantitative, cross-sectional design, 237 SME managers and owners in Greater Accra were surveyed through structured questionnaires, with data analysed via multiple regression in SPSS 29.0. Results show that monitoring and control systems had the strongest positive impact on performance, followed by communication, while organisational culture negatively influenced outcomes, indicating that certain cultural practices may hinder adaptability and efficiency. Together, these factors explained 33% of performance variance. The cross-sectional design limits causal inference, suggesting future research should adopt longitudinal or qualitative approaches to explore cultural dynamics more deeply. Despite limitations, the study provides context-specific insights for emerging market SMEs, showing that while control systems and communication drive performance, culture can both enable and constrain growth. Managers are encouraged to strengthen monitoring mechanisms, foster clear communication, and critically assess cultural practices to avoid barriers to agility and innovation. By improving internal systems and promoting adaptive cultures, SMEs can enhance sustainability, generate employment, and contribute more effectively to Ghana’s economic development.

Comprehensive Analysis of the Microfinance Industry in India

2026-07-06T11:09:41+00:00

Microfinance includes investment funds and financial records, smaller-scale protection, payment systems, and microcredit, the provision of modest loans to underprivileged clients. Microfinance services are designed to be more accommodating to underprivileged and socially marginalised consumers and to help them become independent. This chapter includes the descriptive, prescriptive and predictive analytics of the microfinance industry in India. First, this research is descriptive research, which will describe the recent developments taken place in the microfinance industry in India and in the world very recently, after that, identify the futuristic behaviour of the microfinance industry and forecast the growth for the next 10 years. This chapter also includes prescriptive analytics to modify the limitations of the ongoing microfinance industry. There have been considerable changes in the microfinance sector worldwide, but this research paper emphasises the developments that are still to come in the microfinance sector of India. In particular, the expansion and size of the microfinance sector, which will treble in India over the next five years. This chapter also includes a forecast or prediction of the microfinance industry in India and an analysis done through the NCSS tool.

A Study on Financial and Working-Capital Constraints among MSMEs in Gujarat

2026-09-15T10:25:13+00:00

Financial constraint appears to be an isolated, single condition. But difficulty in access to capital and disruption within the operating cycle of businesses are completely different experiences, especially for MSMEs. This study focused on empirical dimensions and perceived intensity of financial constraints among Micro, Small, and Medium Enterprise (MSME) entrepreneurs. In this study, it was examined how financial constraint experiences differ among MSMEs. It was a descriptive, single cross-sectional research design. 350 MSME entrepreneurs were surveyed in Ahmedabad, Surat, and Rajkot cities in Gujarat. A convenience sampling method was used for this study. Seven literature-backed statements were analyzed through principal axis factoring with direct oblimin rotation. Two correlated dimensions emerged, namely capital and credit availability constraints, having four items and α = .898, and a provisional working capital cycle index having two items and α = .672. Inter-item r was found to be .508. Delay in bill realization was the most strongly endorsed constraint, with a mean of 3.91 and 82.0 percent agreement. Enterprise characteristics accounted for minor variation in capital and credit availability, whereas they were considerable in the working capital cycle. Manufacturers and new enterprises showed high adjusted working capital cycle scores. Findings indicated that perceived financial constraints are not uniform. Credit access and operating cycle interventions are crucial for the support and growth of MSMEs.