Urban and Regional Planning
Volume 2, Issue 6, November 2017, Pages: 34-37
Received: Oct. 27, 2017;
Accepted: Nov. 8, 2017;
Published: Dec. 25, 2017
Views 667 Downloads 31
Kahadawa Appuhamilage Sucharitha Navarathne, Postgraduate Institute of Agriculture, University of Peradeniya, Peradeniya, Sri Lanka
Small and micro enterprises play a significant role in most economies, whether developed or developing. However, in developing countries these enterprises have tended to be looked at from a development, or poverty alleviation perspective, rather than as entrepreneurial activities and potentially growing businesses. This paper presents a study of a group of small and micro entrepreneurs in Sri Lanka from an entrepreneurship perspective rather than a development one. The purpose of this paper is to document the challenges faced by group of successful small and micro entrepreneurs in Sri Lanka, who received micro-financing to establish or grow their micro-enterprises and to examine these enterprises in terms of their potential for long term success. Case study approach was adopted as the methodology of the study to gain a holistic understanding in a given context. The identified challenges in the given context were maintaining higher quality of product and services, upgrading the technology, business rules and regulations related issues, competition issues and infrastructure issues. The successful small and micro entrepreneurs already believe that they are successful - but still have aspirations to grow further.
Kahadawa Appuhamilage Sucharitha Navarathne,
Challenges Faced by Small and Micro Enterprises in Sri Lanka, Urban and Regional Planning.
Vol. 2, No. 6,
2017, pp. 34-37.
Copyright © 2017 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/
) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Kanagasingam, R. (2012). Entrepreneurship in Sri Lanka, Daily FT, http://www.ft.lk/2012/08/23/entrepreneurship-in-sri-lanka/.
National Enterprise Development Authority (2015), “Strategies 07. 6,” http://www.neda.lk/index.php/en/component/content/article/101.
Bank Society Guideline-20 (2007). Mihijaya –Special Loan Programme.
McGuire, P. B. and J. Conway (2001), The Microfinance Phenomenon, Foundation for Development Cooperation, Brisbane.
McPherson, M. A. (1996), ‘Growth of micro and small enterprises in southern Africa’, Journal of Development Economics, vol. 48, p. 253-277.
Toye, J. (1993), Dilemmas of Development, Blackwell Press, Oxford.
Shaw, J. (2004), ‘Microenterprise Occupation and Poverty Reduction in Microfinance Programs: Evidence from Sri Lanka’, World Development, vol. 32, no. 7.
Hisrich and Peters (1998) Entrepreneurship (4th Edition) Boston. McGraw Hill.
Rutherford, S. (2000), ‘Raising the Curtain on the “Microfinancial Services Era”’, Focus Notes, No. 15, Consultative Group to Assist the Poorest, World Bank, Washington.
Mwenda, Kenneth Kaoma & Muuka, Gerry Knombo (2004) ‘Towards best practice for micro finance institutional engagement in African rural areas: Selected cases and agenda for action.” International Journal of Social Economics. Bradford: 2004. vol 31, Iss. 1/2 pg. 143.
Tissera, D. (2008). Entrepreneurship: A Necessary Skill for All Youth, National Conference on Graduate Entrepreneurship 24, BMICH.
Media Center for National Development of Sri Lanka (2013). Ministry of Mass Media and Information Sri Lanka, http://development.lk/news.php?news=254.
Rao, V. L. (1986). Industrial Entrepreneurship in India, Chaugh.
Yin, R. K., (1984). Case Study Research: Design and Methods, (2nd ed), Sage.
Versluysen, E. (1999), ‘Self-Employment: A Cure for Poverty?’ in Defying the Odds: Banking for the Poor, Kumarian Press, West Hartford.
Barton, C. (1997), Microenterprise Business Development Services: Defining Institutional Options and Indicators of Performance, Microenterprises Best Practice Project, USAID, Washington DC.
Asian Development Bank (ADB, 1997), Microenterprise Development: Not By Credit Alone, Asian Development Bank, Manila.
Snodgrass, D., (1996), The Economic, Policy and Regulatory Environment, Microenterprise Impact Project, USAID, Washington.