Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/317703 
Year of Publication: 
2024
Citation: 
[Journal:] Journal of Business Economics and Management (JBEM) [ISSN:] 2029-4433 [Volume:] 25 [Issue:] 4 [Year:] 2024 [Pages:] 751-773
Publisher: 
Vilnius Gediminas Technical University, Vilnius
Abstract: 
Recent economic instability has heightened the need for companies to be aware of the threats in their internal and external environments and the impact these have on their performance capacity. Thus, this paper aims to identify the most impactful factors on the performance of small and medium-sized enterprises engaged in manufacturing activities in Romania, by conducting empirical questionnaire-based research, resulting in a database with primary data to be processed. A 5-point Likert scale was used to determine the frequency of occurrence and intensity of impact of the selected factors, the level of criticality of these factors being calculated using the mean value method. The results highlight the prevalence of external factors among the top critical factors, those with the most significant impact on the performance being the high cost of raw materials, lack of professionals and specialists, fluctuations in market demand, fluctuations in government policies and legislative regulations. The usefulness of the results obtained lies in the fact that they create a risk or criticality profile of the analyzed production sector, which makes it possible to address its critical points with the most optimal solutions in the given context, on the part of both management and government, thus ensuring increased performance.
Subjects: 
SMEs
manufacturing activity
impact factors
performance
internal and external environment
empirical research
JEL: 
D22
D24
E23
L69
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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