Impact of Strategic Networks for the Success of SMEs in Sri Lanka

Abstract

The purpose of this research paper is to shed light on the structure of social, inter firm and supporting networks of SMEs in Sri Lanka and identify the impact of networking for their success. At present most of developed countries gain immeasurable opportunities and advantages through the network relationships among SMEs. The findings revealed that when the SMEs are identifying their business opportunities, they closely link with their families and friends. In the start up phase, SME owners gain encouragement, influence and initial capital through the social networks. But in Sri Lanka, there was a poor relationship with the supportive and inter-firm networks. Conversely, there was a strong impact of network relationships for the success of SMEs in Sri Lanka. Therefore, the policy makers, socialists, donors and others should promote the network formation approaches, by organizing network activities for SMEs, apart from their traditional supporting approaches.

Cite this work

No public copy is stored for this record, so only the metadata is cited.

Stored only when both papers are in the corpus — 36 citations exist upstream.

Papers that cite the same references — the relational fallback while embeddings are still backfilling.