3.9 Article

Critical sustainability factors of regional SMEs; A case study of Australia

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ELSEVIER
DOI: 10.1016/j.crsust.2022.100138

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Sustainability; SMEs; Development; Local community; Regional Australia; Innovation and economic development

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Small and medium sized enterprises (SMEs) play a significant role in regional development, contributing to increased productivity, job creation, and improved quality of life in local communities. This paper explores the factors affecting the sustainability adoption by regional SMEs and provides a platform for future research in better understanding the factors influencing the adoption of sustainable practices in non-metropolitan regions.
Small and medium sized enterprises (SMEs) are one of the main development agents and economic contributors to the regional areas. They increase productivity, create employment, and improve the quality of local com-munity's life. They have also significant impacts on the environment and society collectively because a high percentage of businesses in regional areas belongs to SMEs. For example, near to 95% of regional businesses operating in service and industry sectors in Australia are SMEs. Hence, it is necessary to find out the best possible ways to engage the regional SMEs with sustainable practices and see what factors are contributing (or inhibiting) the regional SMEs to be sustainable business citizens. Bringing together the relevant literature and using quantitative methods, this paper explores factors affecting the sustainability adoption by regional SMEs. Through a case study approach, this paper builds a platform for future research in relation to better understanding of the factors affecting the adoption of sustainable practices outside metropolitan regions.

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