Challenges on Sustainability Practices in Small and Medium Scale Enterprises (SMES)
Small and medium scale enterprises (SMEs) encounter numerous challenges in adopting sustainability practices. Among them, institutional environmental challenges have been critical for SMEs. Referring to institutional perspective, present study examines the challenges encountered by SMEs in adopting sustainability practices from three dimensions of the institutional environment. They are regulatory, cognitive and normative dimensions. The findings help identify the broader environmental spectrum that affect sustainability practices of enterprises in a more elucidated line with its responsible institutional dimension. We conclude that the hierarchy of policy management, knowledge hierarchy and the levels of culture would uncover how the courses of action to be taken for overcoming the challenges would be cascaded down.
Keywords- Institutional Dimensions; Institutional Environment; SMEs; Sustainability Practices.