International Journal of Social Science & Economic Research
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Title:
Motivating the Workforce: A Key to Enhancing Financial Performance in Lebanese SMEs

Authors:
Riad Makdissi and Selim Mekdessi

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Riad Makdissi1 and Selim Mekdessi2
1,2. Faculty of Economics and Business Administration, Lebanese University, Lebanon

MLA 8
Makdissi, Riad, and Selim Mekdessi. "Motivating the Workforce: A Key to Enhancing Financial Performance in Lebanese SMEs." Int. j. of Social Science and Economic Research, vol. 9, no. 10, Oct. 2024, pp. 4789-4799, doi.org/10.46609/IJSSER.2024.v09i10.048. Accessed Oct. 2024.
APA 6
Makdissi, R., & Mekdessi, S. (2024, October). Motivating the Workforce: A Key to Enhancing Financial Performance in Lebanese SMEs. Int. j. of Social Science and Economic Research, 9(10), 4789-4799. Retrieved from https://doi.org/10.46609/IJSSER.2024.v09i10.048
Chicago
Makdissi, Riad, and Selim Mekdessi. "Motivating the Workforce: A Key to Enhancing Financial Performance in Lebanese SMEs." Int. j. of Social Science and Economic Research 9, no. 10 (October 2024), 4789-4799. Accessed October, 2024. https://doi.org/10.46609/IJSSER.2024.v09i10.048.

References

[1] . Lebanese Ministry Of Economy And Trade. (2020). Lebanon SME Strategy: A Roadmap To 2020. Retrieved From Https://Economy.Gov.Lb
[2] . Makdissi, Riad & Arja, Nour & Mekdessi, Selim. (2023). Surviving And Thriving: Financial Behavior Of Entrepreneurs In Crisis-Ridden Lebanon. 7-21. 10.9790/5933-1406010721.
[3] . Ohene Afriyie, Emelia & Owusu-Acheampong, Eugene & Darko, Lawrencia & Oduro-Nyarko, Cynthia. (2024). Job Design And Employee Involvement On Smes Performance: The Mediating Role Of Employee Motivation. Journal Of Small Business Strategy. 34. 10.53703/001c.94165.
[4] . Thapa, Rojee. (2024). Impact of motivation on employee performance. 10.13140/RG.2.2.17842.62402.
[5] . Awoitau, Ruth & Noch, Muh. (2024). The Influence Of Motivation, Training And Compensation On Employee Performance. Advances In Human Resource Management Research. 2. 153-165. 10.60079/Ahrmr.V2i3.376.
[6] . Maslow, A. H. (1943). A Theory Of Human Motivation. Psychological Review, 50(4), 370-396. Https://Doi.Org/10.1037/H0054346
[7] . Herzberg, F., Mausner, B., & Snyderman, B. B. (1959). The Motivation To Work (2nd Ed.). John Wiley & Sons.
[8] . Makdissi, Riad & Attal, Levenia & Mekdessi, Selim (2023). Resilience And Adaptation: Navigating Economic Crisis In Lebanon -Transformation Of Commercial Company Into Industrial Entity During Uncertainty. IOSR Journal Of Business And Management (IOSR-JBM)E-ISSN:2278-487X, P-ISSN: 2319-7668. Volume 25, Issue 8. Ser. 5 (August. 2023), PP 62-76
[9] . Locke, E. A., & Latham, G. P. (2002). Building A Practically Useful Theory Of Goal Setting And Task Motivation: A 35-Year Odyssey. American Psychologist, 57(9), 705-717.
[10] . Deci, E. L., & Ryan, R. M. (2000). Intrinsic And Extrinsic Motivations: Classic Definitions And New Directions. Contemporary Educational Psychology, 25(1), 54-67.
[11] . Kearney, C. (2012). Small Firm Growth And Internationalization. Springer.
[12] . Storey, D. J., & Greene, F. J. (2010). Small Business And Entrepreneurship. Financial Times Prentice Hall.
[13] . Makdissi, Riad & Chahine, Giovanni & Mekdessi, Selim. (2022). Financial Resilience Of Family-Owned Businesses To Crises In Lebanon. 24. 24-32. 10.9790/487X-2412042432.
[14] . Gagné, M., & Deci, E. L. (2005). Self-Determination Theory And Work Motivation. Journal Of Organizational Behavior, 26(4), 331-362.
[15] . Brun, J. P., & Dugas, N. (2008). An Analysis Of Employee Recognition: Perspectives On Human Resources Practices. Human Resource Development Quarterly, 19(4), 295-312.
[16] . Ilina, Anna. (2020). Women Economic Activity As Entrepreneurs: Motivation And Obstacles. Case Of Modern Lebanon.
[17] . Graham, P., & D’Aunno, T. (2016). The Impact Of Economic Instability On Organizational Motivation And Performance. Journal Of Business Research, 69(2), 410-421.
[18] . Makdissi, Riad & Taleb, Dana & Mekdessi, Selim. (2023). Lebanon's Financial Crisis And Workforce Vulnerability: A Study Of Arbitrary Employee Dismissals In Smes. IOSR Journal Of Economics And Finance. 14. 32-37. 10.9790/5933-1406013237.
[19] . Judge, T. A., & Bono, J. E. (2001). Relationship Of Core Self-Evaluations Traits With Job Satisfaction And Job Performance: A Meta-Analysis. Journal Of Applied Psychology, 86(1), 80-92.
[20] . Mekdessi, Selim & Hbeich, Josepha & Makdissi, Riad (2023). Rescue Mechanisms For Companies In Difficulty: Case Of Smes In North Lebanon. IOSR Journal Of Business And Management (IOSR-JBM)E-ISSN:2278-487X, P-ISSN: 2319-7668. Volume 25, Issue 8. Ser. 5 (August. 2023), PP 23-36
[21] . Makdissi, Riad & Hammoudy, Samer & Mekdessi, Selim. (2021). Improving The Competitiveness Of Smes Through Management Control. Empirical Study For North Lebanon Smes. IOSR Journal Of Business And Management. 23. 19-29. 10.9790/487X-2310031929.
[22] . Moucachar, Mabelle & Alameddine, Halima & Masri, Nermine & Makdissi, Riad & Mekdessi, Selim (2023). Fostering Entrepreneurial Mindset In Higher Education: An Intensive Course Approach In Lebanon. IOSR Journal Of Business And Management (IOSRJBM), Vol.25, No. 04, 2023, Pp. 60-71.
[23] . Alameddine, Halima & Masri, Nermine & Almoucachar, Mabelle & Makdissi, Riad & Mekdessi, Selim. (2022). The Personal Traits Of An Entrepreneur And The Main Factors Leading To Success; Empirical Study On Entrepreneurs In Lebanon. IOSR Journal Of Business And Management. 24. 28-37. 10.9790/487X-2411062837.
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[25] . Pandey, Khushi. (2024). The Study On The Impact Of Performance Management System On Employee Performance. Interantional journal of scientific research in engineering and management. 08. 1-5. 10.55041/ijsrem32628.
[26] . Mekdessi, Selim & El-Hawli, Sara & Makdissi, Riad. (2021). The Impact Of Current Crises On Employment -Empirical Study On Food Sector Smes In North Lebanon. IOSR Journal Of Economics And Finance. 12. 28-47. 10.9790/5933-1205085847.

ABSTRACT:
Employee motivation is a critical factor influencing the financial performance of small and medium-sized enterprises (SMEs) in Lebanon. In a challenging economic landscape marked by political instability and financial uncertainty, understanding how to effectively motivate employees becomes essential for business success. This study examines the relationship between employee motivation and financial performance within Lebanese SMEs. Utilizing a quantitative approach, data were collected from 250 SME employees and managers through a structured questionnaire. The findings reveal a strong positive correlation between employee motivation and key financial performance indicators, including productivity, profitability, and employee retention. The results suggest that SMEs that prioritize motivational strategies, such as recognition, career development, and supportive workplace environments, experience enhanced financial outcomes. The study concludes with recommendations for SME owners and managers to implement effective motivational practices, thereby fostering a motivated workforce that contributes to sustainable business growth and success in the Lebanese market.

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