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The factors of success and failure in small industrial business : a case of Asir region in Saudi Arabia
Other Title(s)
عوامل النجاح و الفشل في الأعمال الصناعية الصغيرة: حالة منطقة عسير في المملكة العربية السعودية
Joint Authors
Sad, Fuad Said Yusuf
Hasanayn, Muhammad Abu al-Qasim Muhammad
Sha al-Din, Fath al-Rahman
Al Umar, Hammud Muhammad Sad
Source
Global Journal of Economics and Business
Issue
Vol. 12, Issue 1 (28 Feb. 2022)11 p.
Publisher
Refaad Center for Studies and Research
Publication Date
2022-02-28
Country of Publication
Jordan
No. of Pages
11
Main Subjects
Abstract EN
The factors associated with small industrial business have a significant impact on their performance and they need to be determined considering their contribution to the business performance.
this study aims to recognize a set of variables that have the paramount impact on the performance of small industrial business.
it also constructs a statistical model that is used to estimate the probability of faltering for any small industrial enterprise, and to determine its expected survival time.
it applies cluster analysis to classify depending on variables, i.e., faltering and non-faltering using cox’s regression model.
incredibly, the obtained results show that (i) the most influential variables affecting the success or failure of a small industrial business are: establishment expenses, workers’ wages, and cost of marketing products, (ii) the maximum degree of risk to small industrial business was during the fifth, sixth and seventh years, and the average lifetime of a small industrial enterprise ranged from 8 to 9 years.
the results indicate that stakeholders must consider the faltering variables when making business decisions and looking into the policies’ implementation after the ninth year of the variables’ adoption.
American Psychological Association (APA)
Sad, Fuad Said Yusuf& Hasanayn, Muhammad Abu al-Qasim Muhammad& Sha al-Din, Fath al-Rahman& Al Umar, Hammud Muhammad Sad. 2022. The factors of success and failure in small industrial business : a case of Asir region in Saudi Arabia. Global Journal of Economics and Business،Vol. 12, no. 1.
https://search.emarefa.net/detail/BIM-1429301
Modern Language Association (MLA)
Sad, Fuad Said Yusuf…[et al.]. The factors of success and failure in small industrial business : a case of Asir region in Saudi Arabia. Global Journal of Economics and Business Vol. 12, no. 1 (Feb. 2022).
https://search.emarefa.net/detail/BIM-1429301
American Medical Association (AMA)
Sad, Fuad Said Yusuf& Hasanayn, Muhammad Abu al-Qasim Muhammad& Sha al-Din, Fath al-Rahman& Al Umar, Hammud Muhammad Sad. The factors of success and failure in small industrial business : a case of Asir region in Saudi Arabia. Global Journal of Economics and Business. 2022. Vol. 12, no. 1.
https://search.emarefa.net/detail/BIM-1429301
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 135-136
Record ID
BIM-1429301