Critical Business Environment Factors for SMEs in the UK Chemical Distribution Industry: A Qualitative Perspective

Keywords: Business environment, Critical success factors, SMEs, UK chemical distribution industry, Qualitative study.

Abstract

The UK chemical distribution industry is a significant and well-established, yet fragmented and subject to strong consolidation, part of the chemical industry and a major contributor to the UK economy and employment.  However, it remains largely unexplored, with limited research in the factors contributing to SMEs success. This paper, which is part of a larger-scale study, addresses a well-established gap in the UK chemical distribution industry and provides a qualitative perspective of the business environment factors critical to the success of small and medium-sized distributors. This research is based on the opinions of owners and very senior managers (Managing Directors, Directors, CEOs and CFO’s), an approach extensively used by other researchers. A total of 180 SMEs fulfilling the criteria of this study are identified with 118 owners/managers participating, generating a very satisfactory response rate of 65.5%. The paper informs key stakeholders and policy makers with a view to improve strategy formulation and decision-making process in supporting chemical distribution SMEs.

Author Biography

Evripidis Lampadarios, Leeds Beckett University.
Part time Lecturer School of Strategy, Marketing and Communications

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Published
2017-01-02
How to Cite
Lampadarios, E. (2017). Critical Business Environment Factors for SMEs in the UK Chemical Distribution Industry: A Qualitative Perspective. Journal of Research in Business, Economics and Management, 8(1), 1258-1270. Retrieved from http://scitecresearch.com/journals/index.php/jrbem/article/view/966
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Articles