The Dynamism of Small and Medium-Sized Enterprise (SME) Growth: A Literature Review Centered on Resource Theory

Abstract

In his paper, the authors review the dominant thoughts developed in the resource theory of growth of Small & Medium Enterprises (SMEs)mainly of the developed world. In this theory growth, is the result of certain key variables concurring to the accumulation of key resources. Other types of growth theory are also cited for example, the theory that see growth as the consequence of company better process organization. He theory of resource as reviewed here, does not delve into the specificity of SMEs poor countries in which many SMEs are very tiny enterprises operating in informality, mostly operated by one person aided by non-contracted employee and which the logic is household survival and not the logic of making profit, increasing sales, employment and company value assets.