Development of maintenance framework for SMEs by an ISM approach

Abstract

The main purpose of the research paper is to develop a new conceptual framework with an analysis of various strategies for SMEs (Small and Medium Enterprises) which helps to expand, contend and to be successful in the global market taking into consideration their characteristics. Paper commences the review on the framework definitions and considers a comparison of its various properties. It presents the need for a framework and defines its importance in SMEs. Various existing frameworks put forth by academicians would then be taken into consideration, and their advantages and disadvantages from the perspective of SMEs would be examined. Various types of approaches are required to analyze the problems, possibilities, and challenges to success in expansion. The framework could be utilized as a conceptual magnifier for critically evaluating the history and results of SMEs' globalization. The arrangement of this research study focused on challenges experienced by various SMEs, which finally influence their performance. Present work is related to the identification of elements/sub-elements which are already available in published literature.