A Systematic Review of the Growth Patterns, Challenges and Potential for Development of Micro, Small and Medium-Sized Enterprises (MSEMs) in Rural Indigenous Communities

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DOI: 10.21522/TIJMG.2015.11.02.Art017

Authors : Orlando Reuben Shuman

Abstract:

This study employed the systematic review methodology to examine growth patterns challenges, and potential for development of Small and Medium-Sized Enterprises (MSEMs) operating in rural indigenous communities. From a theoretical perspective Resource-Based View, Institutional theories, were examined to garner a nuanced understanding of the extent to which internal resources, and external institutions influence the performance of MSMEs. The findings reveal that MSMEs are important catalyst of economic growth for indigenous communities because they provide jobs, generate income for future development, and preserve the cultural identities and business practices. Irrespective of their importance, however, MSMEs are limited in their capacities to expand because of institutional barriers such as restrictive regulatory frameworks, limited access to funding, and poor infrastructure. These challenges can only be overcome with interventions that focus on building capacity, removing regulatory hurdles, and the implementation of policies to support their development. Overall, this study highlights the need for culturally sensitive, evidenced based interventions to address the challenges MSMEs grapple with on a daily basis.

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