Influence of Entrepreneurial Network on the Growth of Small and Medium Enterprises in Calapan City

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Influence of Entrepreneurial Network on the Growth of Small and Medium Enterprises in Calapan City

ABSTRACT : Entrepreneurial network have become a vital resource for the growth and success of small and medium enterprises (SMEs), especially in developing countries where access to capital, knowledge, and support can be challenging. This study proposes to investigate how social and business networks influence the growth of SMEs in Calapan City, Oriental Mindoro, Philippines. As a result, the influence of social network (family and/or friends) and business networks are the subject that merits additional study. The sample of this study consists of registered SME owners from Calapan City. The analysis showed that social and business networks significantly contribute to SME growth. The study found that entrepreneurial networks are a cornerstone of success to help business grow through facilitating connections, sharing knowledge, and fostering collaboration. As a result, several suggestions have been made with the hope of supporting SME owners in their business growth.

KEYWORDS business network, entrepreneurial network, growth, SME, social network

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