Effective Management's Effect on Small Businesses' Growth: A Literature Review

Abstract

The purpose of this research is to investigate the influence that management, and more specifically managerial levels and decision-making processes, have on the growth of small enterprises. South Punjab is the region that is being investigated in Pakistan. The lack of a formal organizational framework and the failure to adhere to standard operating procedures are both characteristics of small businesses. Despite this, a diverse range of businesses are experiencing rapid expansion. If these businesses are run by capable management and make decisions that are in their best interests, they will see rapid growth. According to the findings, growth can be significantly accelerated by the utilization of rational decision-making and highly efficient management. The distribution of one percent of the total resources to the independent variable leads to an eighty percent increase in the dependent variable, according to the statistical data.