Sustainable Development Practices Adopted by SMEs in a Developing Economy: An Empirical Study
The IUP Journal of Management Research, Vol. XVII, No. 3, July 2018, pp. 7-19
Posted: 17 Jan 2019
Date Written: July 2018
The dynamic global business scenario has created the need for sustainable businesses. Sustainability is the new buzzword generating a need to rewrite business strategies across all enterprises, big or small. For creation of such strategies, there is a need to understand the prevalent sustainability scenario. With hardly any research on this subject in the small business context, an attempt is made in this paper to understand the sustainability practices in Small and Medium Enterprises (SMEs). The primary data of 220 SMEs in Coimbatore has been collected using a structured questionnaire. Environmental, economic and social sustainability practices undertaken by such firms have been studied. Policy makers and academicians can use the findings of this study to devise policies and training programs exclusively for the SMEs to enable them to become sustainable businesses of the future.
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