The Impact of Cultural Factors on the Growth of Small and Medium Enterprises in Hyderabad, Sindh

This paper aims to contribute to an understanding of the cultural factors influencing the growth of SMEs in Sindh, Pakistan. The three factors i. e. family background, age of entrepreneur and management style in relation to owners education contribute to Hyderabads handicrafts SME and are seen as determinants corroborating to the growth of the industry by 60 per cent. The results in this regard have determined that the owners education has been a landmark in reaching positive outcomes in this respective area and might further lead to economic gains for the stakeholders. The empirical survey has concluded as well that a style of management, if better achieved, will help bring about diverse transition both for the owners as well as the employed. The present paper would stress on the role and significance of the owners education as a key factor contributing to the socio-economic growth of the SMEs and its positive impact on the business in the region.