Table 3.

Parameters for sustainability of micro-enterprises

Sl. no.ParametersSub-parametersSource
1.Demographic factorsEducation, availability of financial services, marketing opportunities, physical infrastructure, political instability due to gender, reluctance in the family, changes in sociopsychology and the presence of an entrepreneurial culture. Economic and social factors, technological and psychological factor, institutional factors; financial literacy, learning and adoptionMalhotra and Riley (2009); Galindo and Méndez‐Picazo (2013); Wennekers et al. (2005); Baumol and Strom (2007); Chatterjee et al. (2017); O'Neill et al. (2009); International Labour Office (2004); Austin et al. (2006); Audretsch (2012); Duflo (2020); Doepke and Tertilt (2009); Ryder (2010); Afif and Setiawan (2024); Mutasowifin and Sutisna (2023); Bhargava and Rana (2023) 
2.Sustainable innovationMaking the most of new technologies includes adopting and optimizing digital technologies, eco-innovation, socio-technical systems, web-based goods and services, and technological, organizational and social innovationGhaziani and Ventresca (2005); Linder and Cantrell (2000); Tikkanen et al. (2005); Carrillo-Hermosilla et al. (2010); Charter et al. (2008); Geels (2005); Boons and Lüdeke-Freund (2013); Khurana et al. (2022); Kirana et al. (2024) 
3.EntrepreneurshipEducation, training and experience, ability to perform basic duties, ability to resolve conflict, analytical ability, ability for negotiation and communication and leadership ability, risk taking, marketing and bargaining self-confidence regarding self-efficiency, optimistic attitude, self-commitment and ethical viewHaynes et al. (2000); Ketkar et al. (2012); Collings and Mellahi (2009); Havinal (2009); Haynes et al. (2000); Amrita et al. (2022); Rajan and Panicker (2020) 
4.Regulatory frameworkLaw, regulation, incentives like loans, grants, tax breaks and other financial advantages make adoption and change in SMEs towards sustainable practicesHarper (2003); Haynes et al. (2000); Gandhi et al. (2018); Ahamed and Raju (2023); Maheshkar and Soni (2021) 
5.Capability to start an enterpriseThe knowledge that can be gained from pre-start-up market survey, relevant support services and steady supply of raw materialsKetkar et al. (2012); Murtini et al. (2024); Triyani et al. (2023) 
6.Competency of enterpriseOperational competency, competency in the use of marketing tools and techniques, adequate use of finance, proper use of pricing method, cost-effective production technique and enhancing growth potentialsBaran and Velickait (2008); Haynes et al. (2000); Mardikaningsih et al. (2022); Esubalew and Raghurama (2020) 
7.Structural reform for sustainabilityEasing product market regulations, easing employment protection legislation, tax structure reform, research and development, active labour market policies and reforms to increase female labour force participationIMF and OECD; Sharma and Rai (2023); Hudnurkar et al. (2023); Onyeje et al. (2022) 
8.Sustainable value chainValue proposition supply chain, client interaction, financial assistance, type of product or service demand and competitivenessBoons and Lüdeke-Freund (2013); Geels (2005); Seuring and Müller (2008); Maas and Boons (2010); Nugroho et al. (2024); Machado et al. (2024) 
Source: Compiled by the researchers

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