An Exploratory Study on SME Growth and Development Decision Making in Dubai
The role of Small and Medium Enterprises (SMEs) in any economy has been widely acknowledged. Particularly in Dubai, the Government has highlighted that its future direction is to leverage on its existing strengths and focus on growth and development of SMEs in key sectors. In this paper, we report the findings of an exploratory study that has been conducted in order to investigate the factors influencing SME growth in the context of Dubai. Fifty nine face-to-face interviews were conducted with owners/CEOs of SMEs in Dubai, resulting in a framework that identifies the main structural, policy, and external factors that influence the growth SMEs. In addition to that, the findings resulted in developing better understanding of how SMEs define growth.