Lack of finances and inability by Small and Medium Enterprises (SMEs) to
borrow capital funds from financial institutions because they do not have
collateral security is normally attributed to their failure to survive for more than
five years. SMEs which get capital from donors in terms of grants have continued
looking for donor funds without being able to attain sustainability in terms of
increasing the finance base and creation of new markets. Some of the governance
structures of SMEs have incorporated the use of Information and Communication
Technology (ICT) in their business management while others are still watching
from a distance without embracing e-business. This paper examines the
relationship between governance in terms of board of directors and top
management and the sustainability of SMEs. Online desk review methodology was
adopted where by 90 journal articles related to governance, IC and sustainability
were downloaded from reliable search engine. The literature reviewed at
international, regional and national level indicates that good governance
increases finance base and helps top management to create new markets. The
paper concludes by encouraging SMEs to invest more on governance as well as
using ICT so as to be in position to increase the market share, finance base and
overall sustainability.
Other ID | JA53KM32DJ |
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Journal Section | Articles |
Authors | |
Publication Date | February 1, 2017 |
Submission Date | February 1, 2017 |
Published in Issue | Year 2017 Volume: 9 Issue: 1 |