Abstract
Realizing that the measurement of success in the context of small and medium-sized enterprise (SME) is somewhat disparaging, this study aims to validate the business success construct based on the perspectives of SME founder-managers in the Malaysian context. Following a data collection of a sample of 212 SME founder-managers, a confirmatory factor analysis was performed to examine the factorial validity of the success measure and to assess its goodness of fit. The result indicates that business success is a four-factor structure, reflecting in (a) satisfaction with financial performance, (b) satisfaction with non-financial performance, (c) performance relative to competitors, and (d) business growth.
| Original language | English |
|---|---|
| Pages (from-to) | 207-224 |
| Number of pages | 18 |
| Journal | Journal of Asia-Pacific Business |
| Volume | 12 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - Jul 2011 |
Keywords
- Business success
- Confirmatory factor analysis
- Malaysia
- Small and medium sized enterprise (SMES)