000			02764nam a22002297a 4500
005			20250109134836.0
008			250109b ph ||||| |||| 00| 0 eng d
022			_a2945-3038
040			_cOCT
100			_aAmbunan, Liezel S.
245			_aSuccess elements of SMEs in Tagaytay City : _bAn explanatory sequential mixed method approach _cAmbunan, Liezel S., Damaso, Christian De, Juan Joshua D, Humarang, Kervin T, Tafalla, Angela R.
300			_aVol 2 (1) pages 24-56 : _billustrations ;
500			_aI. ABSTRACT This study was designed to determine the success elements of small and medium enterprises (SMEs) in Tagaytay City. The study aims to provide ideal business models identifying the element of success for SMEs. This study provides valuable information about the level of their perceived success, the different factors, and how influential they are to the business success of the respondents/participants. Specifically, it investigates if there is a significant relationship between the business's perceived success and the level of influence of the factors on the success of SMEs when grouped to the profile of the respondents. Most SME owners are female, and most respondents are between the ages of 31 and 40. The results indicated that the respondents perceived themselves as very successful. In addition, the findings revealed that all the given factors are very influential to the success of SMEs in Tagaytay City. Furthermore, the analysis confirmed the hypothesis and revealed no significant relationship between the owner's perceived success and the level of influencing factors in the respondent's profile. Moreover, loss of sales, strategy formulation, and customer decrease are the main challenges the SME owner shares. However, participants revealed different strategies that helped them cope with and address those challenging situations: reducing workforce costs, borrowing funds, and building social support, which is also related to the two factors explored in the quantitative part of the study. In addition, entrepreneurs highlight other vital factors that enhance SME success. These factors are labeled as quality products and quality people. In integrating quantitative and qualitative results, similar findings were found where the subtheme building social support and borrowing funds reveals as the solution of SME owners to cope with the challenges, and it gives a relationship between the factors to the quantitative part, which is a social network and capital access.
650			_aSMEs
650			_aentrepreneurs
650			_afactors
700			_aJuan Joshua D.
700			_aDamaso, Christian De
700			_aHumarang, Kervin T.
700			_bTafalla, Angela R.
942			_2ddc _cCR _n0
999			_c10073 _d10073