A Bayesian Best and Worth Method-Based Methodology to Select the Best Growth Strategy for SMES

[EN] The small and medium-sized enterprises (SMEs) are the main driver of employment, those that contribute greater economic growth in gross domestic product and innovation. The analysis of the factors that influence in SMEs growth seems decisive in knowing how SMEs compete, helping to prioritize re...

ver descrição completa

Detalhes bibliográficos
Autores: Ruano-Ortiz, Ester Elena, Rodríguez Rodríguez, Raúl|||0000-0001-5133-7023
Formato: artículo
Fecha de publicación:2024
País:España
Recursos:Universitat Politècnica de València (UPV)
Repositorio:RiuNet. Repositorio Institucional de la Universitat Politécnica de Valéncia
Idioma:inglés
OAI Identifier:oai:riunet.upv.es:10251/220770
Acesso em linha:https://riunet.upv.es/handle/10251/220770
Access Level:acceso abierto
Palavra-chave:Small and medium-sized enterprises (SMEs)
Key factors for growth
Growth strategies
Bayesian Best and Worst Method
Descrição
Resumo:[EN] The small and medium-sized enterprises (SMEs) are the main driver of employment, those that contribute greater economic growth in gross domestic product and innovation. The analysis of the factors that influence in SMEs growth seems decisive in knowing how SMEs compete, helping to prioritize resources and make decisions. This research has presented a methodology for decision-makers when having to select the most appropriate growth strategy. In this paper, the two first steps of such methodology have been implemented, having identified, from the scientific literatura, eight key growth factors and four SMEs growth strategies. Additionally, it has justified the application of the Bayesian Best and Worst Method in order to be able to rank these four strategies by weighting these eight key growth factors.