Philippine E-Journals

The Catalytic Role of Small and Medium Enterprises: Basis for Entrepreneurial Development

Taki Al Abduwani

 

Abstract:

Small and Medium Enterprises is an engine in the market economy that contributes the sustainable growth and employment generation in Oman, United Arab Emirates. This study describes the policies of entrepreneurship as regards to the role of SME towards the developmental programs in the Sultanate of Oman. The descriptive survey design was used to provide a systematic description of what is involved in the collection of primary data through a questionnaire. Te respondents were the 242 SME personnel along the four districts of Muscat, Oman. The findings revealed that the respondents have a lot more to undertake to push SMEs towards strengthening the entrepreneurial ventures in terms of culture, workforce, training and government support aspects. The study also revealed that cultural, workforce and managerial barriers were observed, thus need to be addressed. Emphasis on professional organizations for trade associations and international linkages were crucial to improving SMEs.