Strategy for Enhancing Productivity and Profitability for Small Enterprises in Camarines Sur
DOI:
https://doi.org/10.5281/zenodo.20325649Keywords:
Financial Management, Operation Management, Production Management, Marketing Management, Human Resource Management (HRM), Productivity and Profitability.Abstract
Small enterprises serve as the prime driver of global economic development, constituting 90% of all firms and providing 60% to 70% of total employment worldwide (World Bank, 2024; OECD, 2024). Despite their foundational role in achieving broader macroeconomic and national targets, these sectors encounter severe operational difficulties—such as high taxes, rising labor costs, and limited access to government support—leading to high failure rates within their first five years (United Nations, 2024). To address these issues, this study employed a mixed-method research design to examine how effective management practices can shift small enterprises in the Partido Area toward sustainable growth. Quantitative data was collected from 48 owner-managers using a thoroughly validated expert-panel survey questionnaire checklist alongside qualitative insights. Guided by a conceptual paradigm, the research explored the statistical relationship between four independent variables—financial, operations, marketing, and human resource management practices—and three dependent variables of entrepreneurial development: productivity, profitability, and sustainable growth. The findings revealed that several enterprises struggle daily due to a lack of structured management plans. Consequently, the study suggests that small enterprises adopt real systems to monitor overall performance and actively engage with supportive government agencies to navigate operational hurdles. Ultimately, establishing these robust management foundations ensures long-term business sustainability, creating a progressive economic environment where both the small enterprises and the local municipality successfully benefit from shared development.
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