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The paper aims to explore how SMEs in Pakistan perceive the relative importance of different resource and capabilities and their role in the success of an organization. The study uses Flamholtz model for organizational growth as a framework to explore how important is the resource development for SMEs. Research methods use quantitative survey on the Likert scale 1-5 with sample size (n=21) business owner working as CEO and director of the company. The results reveal that intangible resources such as relationships capabilities play a key role in the success of a business. The SME’s future plans to acquire and develop more technological and human resources than physical ones. It is difficult to predict trends and patterns industry-wise for perceived relative importance and future acquisition of resources.

Trends in the acquisition of resources and their perceived relative importance by SMEs in Pakistan.