| Summary: | Given the high failure rate of small and medium enterprises (SMEs) globally, this study aimed to identify
domains of SME wealth creation. The study used a developmental configuration approach with a derived
mathematical model, which are powerful tools for building and relating detailed models consisting of
several variables and domains, illustrating complicated and inter-related relationships between several
variables. The basis for the developmental configuration applied in the present study was an in-depth
review of academic literature on wealth creation. The paper concludes with the presentation of a
theoretical conceptual model of wealth creation. The six major domains included in this model are human
resources, technology, innovation and creativity, unit cost economies, organizational infrastructure and
strategy. The new conceptual model provides an entirely new premise for viewing wealth creation at the
firm level, particularly for SMEs. The study also provides different indicators for the identified domains.
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