Sustainable Financial Strategies in SMEs: Exploring Pathways to Financial Resilience in a Competitive Market
DOI:
https://doi.org/10.51699/pbft.v2i1.355Keywords:
sustainable financial strategies, SMEs, financial resilience, green financing, cost optimization, ethical investment, financial planning, strategic adaptability, competitive markets, SME sustainabilityAbstract
Abstract: Economic development relies on small and medium-sized enterprises but these businesses experience financial challenges primarily in competitive market conditions. The research explores multiple sustainable financing strategies that enhance financial stability of small and medium business enterprises. This study uses research from recent times to explore alternative strategies which comprise green finance alongside cost optimization and ethical investment methods. Strategic adaptation along with financial planning stand out as essential elements to prevent risks while ensuring sustainable business stability according to existing research. This comprehensive review joins existing data while identifying gaps and proposing new paths for research in eco-friendly financial tactics developed specifically for small-to-medium-sized enterprises.
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