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Title:Enhancing the performance of high-growth small- and medium-sized enterprises through effective project- management processes and stakeholder engagement : a systems perspective
Authors:ID Vrečko, Igor (Author)
ID Tominc, Polona (Author)
ID Širec, Karin (Author)
Files:.pdf systems-11-00511.pdf (1,10 MB)
MD5: B6E3D89AD1740F6D59BB59D420CC33FF
URL https://www.mdpi.com/2079-8954/11/10/511
Work type:Scientific work
Typology:1.01 - Original Scientific Article
Organization:EPF - Faculty of Business and Economics
Abstract:This study examines the impact of project management practices on high-growth Small and Medium-sized Enterprises (HG SMEs) from a systems perspective, utilizing Structural Equation Modelling (SEM) and data from a diverse SME sample. It investigates the intricate relationships among project management system support, project management processes, stakeholder involvement, project management success, project success, and HG SME growth. Our findings highlight the substantial positive influence of project management processes and stakeholder engagement on project management success. These factors subsequently contribute significantly to both project success and the overall growth of HG SMEs. Notably, project management system support does not exhibit a substantial influence on these success factors. Furthermore, our research uncovers important indirect effects. Project management processes indirectly impact both project success and HG SME growth, underscoring their central role. Similarly, stakeholder involvement indirectly influences HG SME growth through its impact on project success, emphasizing its significance. This study contributes to the existing body of knowledge by emphasizing the critical roles of project management processes, stakeholder engagement, and project success as drivers of SME growth. These insights have valuable implications for SME managers, project leaders, and policymakers, highlighting the essential nature of effective project management in shaping the growth trajectory of SMEs.
Keywords:project management, project success, SME growth, stakeholder engagement, projectmanagement processes, high-growth SMEs, systems perspective, SEM
Publication status:Published
Publication version:Version of Record
Submitted for review:13.09.2023
Article acceptance date:09.10.2023
Publication date:12.10.2023
Year of publishing:2023
Number of pages:str. 1-20
Numbering:Vol. 11, no. 511
PID:20.500.12556/DKUM-86496 New window
ISSN on article:2079-8954
COBISS.SI-ID:168090627 New window
DOI:10.3390/systems11100511 New window
Publication date in DKUM:13.12.2023
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License:CC BY-NC 4.0, Creative Commons Attribution-NonCommercial 4.0 International
Description:A creative commons license that bans commercial use, but the users don’t have to license their derivative works on the same terms.

Secondary language

Keywords:projektni management, uspešnost projektov, rast MSP, vključevanje zainteresiranih strani, procesi projektnega managementa, hitro rastoča MSP, sistemska perspektiva, SEM


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