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1
Rudyk, N. V. "Small and Medium Business amidst Economic Turbulence: Ukraine’s Experience." Business Inform 10, no. 513 (2020): 163–72. http://dx.doi.org/10.32983/2222-4459-2020-10-163-172.
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In Ukraine, the importance of small business for the economy and the need to stimulate it are being realized at the level of both the scientific community and public administration. The situation with the pandemic has complicated the conditions of functioning of small and medium-sized busines entities (hereinafter SMEs), but at the same time has justified the need to support it not only in the situation of collapse, but also as a matter of socio-economic stabilization and the prospect of reducing the unemployment rate. The status and conditions of SME functioning, its importance in various spheres of economic activity and in the labor market are researched. The emphasis is on modern trends in the functioning of SMEs, financial relations between the State and SME entities. A comparison of classification characteristics of SMEs was conducted in accordance with the Tax and Commercial Codes of Ukraine. The conditions of operation of small and medium-sized businesses on a simplified taxation system are compared. The latest legislative changes related to the stabilization policy of the State are taken into account. To identify the main trends of small business development, an analysis of the dynamics of the quantity, composition and structure of business in terms of its size, as well as the dynamics of the number of small enterprises and individual entrepreneurs by the largest groups in accordance with the classification of domestic economic activity in the country was carried out. The significance of SMEs in the employment structure is defined in the plane of enterprises and in terms of their size; the need to stimulate entrepreneurship in conditions of global instability is proved. A chronological analysis of the introduction of fiscal instruments for supporting the State in an emergency situation was carried out. In view of international experience, alternative quarantine preferences are considered as possible measures of the State support.
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Zhang, Long, Ali Kara, John E. Spillan, and Alma Mintu-Wimsatt. "Exploring market orientation among Chinese small and medium-sized enterprises." Chinese Management Studies 11, no. 4 (November 6, 2017): 617–36. http://dx.doi.org/10.1108/cms-08-2016-0158.
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Purpose The role of marketing as a business function is rapidly changing in China. Consequently, their views on marketing orientation – whether it is accepted, rejected, modified or reframed – have been seriously impacted. This paper aims to report on the results of a survey among Chinese small- and medium-sized enterprise (SME) managers and their perceptions of the market-orientation philosophy. In particular, emphasis was placed on three dimensions of market orientation: intelligence generation, intelligence dissemination and responsiveness. The effect of market orientation on business performance was also examined. Design/methodology/approach The authors collected data from 214 managers from SMEs. These businesses were located in the cities of Beijing, Shanghai and Shenzhen. The commonly used market orientation (MARKOR) measure was used to test the hypotheses. Findings Consistent with the extant literature, the findings provided empirical support for the three dimensions of market orientation among Chinese SME. The authors also found that a positive relationship existed between Chinese SME market orientation and firm performance. Research limitations/implications This study provides major insights into the market orientation measurement and practices of SME in China. From a measurement perspective, the empirical support for MARKOR across a non-Western context is noteworthy. From a practitioner perspective, the implications relating to understanding Chinese SME and how these companies can best market their products and services to their respective markets are critical. Some of the limitations of our study relates to the sample size, convenience sampling and geographic concentration of the respondents. Originality/value This study addresses the gaps in the literature by exploring market orientation in non-large scale businesses as well as the adaptation of the concept in a non-Western cultural setting. The findings extend the conceptualization and application of market orientation to Chinese SME.
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Gashi, Rrezarta, and Arjanit Avdiu. "Strategic Management Application into the Small and Medium businesses in Kosovo." International Journal for Innovation Education and Research 3, no. 4 (April 30, 2015): 41–47. http://dx.doi.org/10.31686/ijier.vol3.iss4.346.
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Similar to majority of places around the globe that operate on part on free markets, Kosovo’s small and medium sized firms and companies struggle to catch up with close competition and against big companies on the other hand, though. Awareness of business people about the fast shifting and quick changes into the market made plenty of owners/entrepreneurs having different view of market they operate, particularly traditional trades which small and medium businesses are part of. The new perspective comprises the need for changes aiming moving personal firm towards cutting edge trends led by contemporary costumers’ tastes, demands and wishes. Fast shifting trends compel businesses insofar as they are required to deeply analyze and indentify both internal and external factors in order to survive and prevail as main objective. Based upon the choice they make, trades may decide staying small and earning big or growing and earning big too; therefore, every single business inescapably ought to find a strategy since merely luck isn’t enough to be relied urging for success. Not two markets can use the single strategy bearing numerous differentiations as in size, demography or economy. Coping with numerous issues business vendors should move forward and equip themselves with useful traits of sharp minded entrepreneurs, adaptive marketing managers, financially smart, long term forecasters, precise predictive and technologically savvy as common mandatory qualities succeeding in a complex market surroundings. Thought, kit of functional traits must be reckoned as proper solution for strategic managing operations of business an aim for long term achievements.
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Mohamed Abdo Alabsy, Nabil. "Market orientation and corporate performance of small and medium-sized enterprises in Saudi Arabia." Innovative Marketing 17, no. 1 (February 23, 2021): 66–77. http://dx.doi.org/10.21511/im.17(1).2021.06.
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The goal of this paper is to examine the effect of business orientation on the success of small and medium-sized enterprises in Saudi Arabia. Corporate performance is a dependent variable, whereas business orientation, competitor orientation and inter-functional orientation are used as independent variables. This cross-section analysis was based on a quantitative survey design. The target population consisted of 72 SMEs (industrial, commercial and service) identified by the Saudi Chamber of Commerce in Riyadh. The companies were selected from Riyadh, Jeddah, Abha, Dammam and Bisha, which were founded before March 1, 2005 with less than 100 employees in Saudi Arabia. The findings showed that consumer orientation, competitor orientation and inter-functional cooperation had a substantial positive influence on the success of SMEs in Saudi Arabia during the study period. Market orientation dimensions, in particular, demonstrated a modest relationship to company efficiency. It was concluded that the greater the orientation of the business, the higher the output and the income of the enterprises. SME owners/managers are advised to understand the consumer orientation dimensions that have a positive effect on the success of their firms. Involved parties also need to establish more consistent business-oriented strategies that assess corporate success in order to boost the output of Saudi companies.
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Kvitka, Anton, and Anna Kramarenko. "From big business to small and medium-sized enterprises: factors and prospects." Problems and Perspectives in Management 16, no. 2 (April 24, 2018): 42–48. http://dx.doi.org/10.21511/ppm.16(2).2018.04.
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The article considers changes in organizational structure (in the context of a shift in favor of small business), the main factors and long-term prospects of these changes. Enhancing the role of small and medium-sized enterprises (SMEs) in many countries of the world is described. The concept of SMEs, as well as the range of indicators measuring organizational structure, is defined. Modern trends that indicate the increasing role of small and medium-sized enterprises are shown. On the basis of dynamics of economic indicators in Europe and the United States, the increasing role of small and medium enterprises is investigated. It is shown that the increase in the share of the service sector is the result of market saturation. The influence of the service sector on the shifts in the organizational structure in the period of global economic changes, as well as the influence on the increasing share of more flexible and innovative small and medium-sized enterprises in total employment and income, is argued. Increased competition in the process of saturation of the market is shown as one of the factors of the development of personal needs that promote individual entrepreneurs, inventors and innovators, for whom a complex and rigid structure of large organizations is the factor which limits the growth and interferes with their becoming the engines of scientific and technological progress. It is proved that in conditions when large corporations find themselves unable to identify a new micro niche quickly, small and medium enterprises are becoming the most convenient form for the realization and promotion of innovation. The transition from the dominance of large corporations to the dominance of SMEs in the process of substitution of technological modes is investigated. The increasing role of small and medium firms in the context of long-term trends of economic development is considered.
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Vikasari, Cahya. "TEKNOLOGI MARKETPLACE SEBAGAI UPAYA PENINGKATAN PEMASARAN PRODUK HASIL USAHA KECIL." Infotekmesin 9, no. 02 (July 22, 2019): 61–65. http://dx.doi.org/10.35970/infotekmesin.v9i02.12.
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Small and medium businesses are very rapidly growing in Indonesia. One of the activities in the small and medium business is the marketing process. The entrepreneurs tend to focus on production activities but for marketing strategies are not developed so that the market share is still local market. The problems that occur in marketing small and medium business products are little knowledge about marketing strategies, marketing targets and willingness to develop from the entrepreneurs themselves.Marketplace systems are built to increase market expansion so that it can help entrepreneurs to do marketing. The marketplace system is built based on the web, both entrepreneurs and buyers can communicate through the web marketplace. The results of this study are that the system can reach broader marketing with small and medium business marketplaces and more targeted.
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Gamundoy, Leslie Ann, Remedios Bucal, and Flordeliza Em. "Challenges of Small and Medium Enterprise towards Progress." JPAIR Multidisciplinary Research 42, no. 1 (October 11, 2020): 75–88. http://dx.doi.org/10.7719/jpair.v42i1.805.
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The major concern of this study is to identify the challenges of small and medium enterprises towards progress in Pulo in the City of Cabuyao, Laguna, the Philippines as assessed by the business owner- respondents. By understanding their challenges, it is expected to improve the competitiveness of SMEs, and that eventually, they will grow and expand their businesses. When it comes to the nature of the business, the service type is the most commonly used by the medium enterprise business-owners with the least capitalization of 11,000 and up and with a capacity of 11 years of business operations. They all agreed that they encounter some difficulties in availing of funds because of lots of requirements in loan applications for business. They are also amenable to growing stiff competition that arises among the unregistered enterprises because of much cheaper offered products to the market. In this case, some SMEs have failed to compete with the micro-businesses. They all disagree on the perception that the focus on giving support is intended only for micro-enterprises, same as the LGU for the insufficient fund to support in promoting more the SME sector.
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Sokolinskaya, Y. M., E. A. Kolesnichenko, and K. V. Chekudaev. "Tendencies of development of small business." Proceedings of the Voronezh State University of Engineering Technologies 82, no. 1 (May 15, 2020): 365–68. http://dx.doi.org/10.20914/2310-1202-2020-1-365-368.
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Small business exists as an independent sector of a market economy, providing the basic needs of the national economy. Small business is the strategic resource for the sustainable socio-economic development of society, which ensures its high level and improves the quality of life of the population. It helps accelerate market transformations and is manifested in organizational and technological mobility, supporting a competitive environment, quick reaction to market needs, increasing tax revenues to the budget at all levels, renewing social resources, changing the standard of living of the population, reducing social differentiation, etc. entrepreneurship to a large extent allows saturating the market with goods and services even in the conditions of the observed economic recession and crisis, and also ensures market relations and is the guarantor of social stability. It was noted that about 8 million people were employed in the small business sector. It should be noted that the employment of the population in small and medium enterprises is about 25%. The turnover of products and services that are produced and sold by small and medium-sized businesses in the total turnover of products and services produced by enterprises in the country is about 30%. The sphere of small business is characterized by the unstable dynamics of the number of small enterprises employed by them, the irrational regional and sectoral structure of small business, its criminalization, etc., with negative moments that give rise to a conclusion about the unpredictable, chaotic nature of the development of this sector of the economy, which forms the basis of competitive relations in various sectors of the national economy.
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Feyzullaev, М. А., D. K. Shykhveledova, Е. V. Dolgov, and R. J. Javadov. "Small and Medium Business: Current Status and Sources of its Innovative Funding." SHS Web of Conferences 93 (2021): 02011. http://dx.doi.org/10.1051/shsconf/20219302011.
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The article analyzes the current development status of small and medium businesses in Russia. The authors reveal the dynamics of changes in the structure of investments in the Russian economy, where the share of small and medium businesses is especially noted. The direction of the trend and the expected trend of national entrepreneurial activity in the country are determined. The role of state support for small business development is assessed and the main directions in this area are determined. The main sources of financing for small and medium businesses are analyzed. The role of lending in this sector of the economy is noted; issues, risks, and prospects for the use of innovative methods of small business funding are identified. The analysis of the activity of participation of small businesses in the market of debt securities is carried out. In particular, the dynamics of the volume of placement of bonded loans of the small business sector is analyzed, the possibilities of entering the equity capital market through an IPO are being studied. Another innovative area of small and medium business funding is the venture capital financing, which is the most attractive for new startups. The authors revealed a fourfold increase in this type of financing over the past four years. In addition, the article also provides an assessment of alternative sources for small and medium business funding.
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Mura, Ladislav. "INTERNATIONALIZATION OF SLOVAK FAMILY ENTERPRISES - TERRITORIAL APPROACH." International Journal of Entrepreneurial Knowledge 9, no. 2 (December 22, 2021): 109–18. http://dx.doi.org/10.37335/ijek.v9i2.147.
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Entrepreneurial activity is currently confronted with a large number of different influences, which affect the performance of business units. Businesses face new situations due to the changing market conditions they have to respond to. The small and medium-sized business sector responds dynamically as well as very sensitively to market changes, where many family businesses are also established. Competition between market players forces both the management and the family businesses to think about new opportunities in order to ensure their growth. As a result, small and medium-sized businesses gain increased importance in international markets. This study aims to identify the current trend in the international activity of family businesses in terms of their territorial activity. In addition to the theoretical background, the submitted study also introduces the results of our empirical survey. The questionnaire survey was applied as an appropriate research method. We decided to apply a dual approach: qualitative (mainly for the theoretical part) and quantitative for the empirical part of the study. The obtained results show family businesses' interest in operating in the international business environment.
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Atherton, Andrew, and Leigh Sear. "Generating Orders and Winning New Business." International Journal of Entrepreneurship and Innovation 5, no. 4 (November 2004): 255–65. http://dx.doi.org/10.5367/0000000042378114.
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Small businesses deploy specific and transactionally focused approaches to market development and selling that re-define the notion of marketing within this particular organizational context. Indeed, most smaller businesses use alternative terms to marketing to describe these activities. In-depth interviews with small and medium-sized enterprises in the north of England indicated that the most appropriate and meaningful phrases were ‘generating orders’ and ‘developing markets’. The interview transcripts identified specific activities and phases undertaken by small and medium-sized enterprises, as well as their sequence and phasing, generating a shared process framework that was common to the businesses surveyed. Process constraints were analysed, as well as possible means of intervention to enable order generation and winning new business in the small firm.
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Kolesnikova, Irina. "Demography of small and medium enterprises in Belarus." Nierówności społeczne a wzrost gospodarczy 67, no. 3 (2021): 71–83. http://dx.doi.org/10.15584/nsawg.2021.3.6.
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Business demography is an important information basis for making strategic decisions in the business area. This allows institutional bodies to optimally adjust their policies regarding the development of entrepreneurship nationally in such areas as regional development, employment, unemployment, education, sources of financing for small and medium-sized businesses, innovation policy, simplification of bureaucratic procedures, etc. Business demographic indicators characterise the dynamics of economic development through the adaptation of economic structures to changing market conditions. In addition, they assess the potential contribution that new start-ups can make to the important employment problem through job creation. At the same time, the organisation is primarily seen as a community of people, and capital optimisation is presented as an addition to the optimisation of people. In the study, in addition to analysing the classic indicators of business demography such as the activity population of enterprises, “birth”, “survival” (up to five years after birth), “death”, etc., a new indicator was proposed for implementation: the natural increase rate in the number of organisations in Belarus calculated both for the economy and for the types of economic activity. The study will help to develop recommendations for developing measures in the field of entrepreneurship development using a regression model that identifies the relationship between changes in business demographics and employment. A set of measures to support entrepreneurship are becoming an integral part of national economic policy, a powerful factor in increasing the level of “survival” of enterprises and increasing the share of “fast-growing” organisations. This contributes to the achievement of sustainable development goals. Stimulating development and support for small business, with the ability to quickly respond to changes in market conditions, will help provide the “coronavirus” economy with the necessary flexibility, an especially important factor in the context of COVID-19.
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Hubeis, Musa. "Dissemination Technology For Small-Medium Scale Enterprise." Business and Entrepreneurial Review 5, no. 1 (October 19, 2016): 1. http://dx.doi.org/10.25105/ber.v5i1.961.
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<p>Small-medium scale enterprises enterprises (SME) found in developing and developed countries is still facing classical handicap such as technology, finance, managerial and market accessibility, in spite of its high flexibiliry, responsiveness, dynamic and resistance. Therefore, designing and management of SME in context of technology dissemination needs to understand business dimension as enterprise description, product/service, market, enterprise location, competition, management, personnel, budget, research and development. Beside general technology, both SME in general and specific are closely related to: (1) Technology choice covering technology complexities, capital intensity, and human resource (HR) quality; (2) Technology learning strategy based on learned technology position combination, both process and products with faced competition, through existing learned technology, technology integration, technology development and basic research; (3) Enterprise unit covering enterprise scale, HR, organization,<br />location, product type, enterprise unit, experiences, competition level and business network; (4) Performance indication of business unit and business man, and technology diffusion institutions; (5) Linkages of business with characteristics of authority, functional, normative and diffusion. Dissemination pattern of integrated and sustainable technology is expected to establish network among development subjects intensively and dynamically, to compile agenda of transfer technology, implement technology that is appropriate and develop learning organization for technology dissemination activities.</p>
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Fedorchuk, Kamila. "Risks of using cloud technologies in small business in the Russian Federation." Artificial societies 17, no. 1 (2022): 0. http://dx.doi.org/10.18254/s207751800019437-9.
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Currently, small and medium-sized businesses are an important element in the development of the Russian economy. Small and medium business occupies a significant share among all enterprises. SMEs must comply with modern trends in all areas of their activities in order to maintain competitiveness in the market. The current trend in the international and Russian market is the digitalization of business, which belongs to the category of innovation. To save resources, SMEs are forced to use cloud solutions, but their use creates certain risks for the business. The article discusses the main risks faced by SMEs when using such technologies.
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Ziółkowska, Marta. "Determinants of choosing a business model in small and medium-sized enterprises." Journal of Management and Financial Sciences, no. 34 (July 27, 2019): 93–101. http://dx.doi.org/10.33119/jmfs.2018.34.5.
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In the face of continuous changes in the business environment both in local markets and worldwide, we need adequate elements of a business model that would allow enterprises to compete and help them generate market value. The paper conceptualises the notion of a business model and the role it plays in small and medium-sized enterprises (SME); it also examines determinants of choosing the right business model. It conceptualises the term and subject of business model analysis. The discussion of determinants of choosing the right business model in SMEs is preceded with an overview of literature and desk research analysis which demonstrate the need to systematically investigate the issue.
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Fatimah, Fatimah, Abid Djazuli, and Fitriya Fauzi. "Micro, small, and medium enterprises (MSMEs): The emerging market analysis." Accounting 7, no. 7 (2021): 1521–28. http://dx.doi.org/10.5267/j.ac.2021.5.019.
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This study aims to analyse the factors affecting the Micro, Small, and Medium Enterprises in the province of South Sumatra, Indonesia. Data of 100 MSMEs were collected through questionnaires in the 15 regencies/cities in South Sumatra. The statistical analysis used was Structural Equation Modelling (SEM) processed through AMOS. The results evidence that the external factors of capital support, business partners, and infrastructure directly have no direct effects but indirectly affect the performance of MSMEs in South Sumatra. Also, the availability of resources and environmental conditions; and the capability of business owners and employees indirectly affect the performance of MSMEs in South Sumatra. Lastly, the use of technology and research impact the performance of MSMEs in South Sumatra directly and indirectly through the availability of resources and environmental conditions and business owners and employees' capability. Theoretically, this study expands the MSMEs literature by discussing factors (i.e., external and internal) affecting MSMEs' performance holistically. Practically, this study is beneficial for the government, practitioners, and policymakers.
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Peprný, Aleš, Lea Kubíčková, and Patrik Rovný. "Method of evaluating the success of the small and medium-sized enterprises." Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis 58, no. 3 (2010): 183–88. http://dx.doi.org/10.11118/actaun201058030183.
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At the time of increasing globalization and homogenization of the global markets, the development of information infrastructure technology and world market becomes accessible not only to large multinational companies but also for small and medium-sized enterprises (SMEs). This has resulted in increasing competition in the domestic market which domestic firms have to face. Therefore the process of internationalization of business is a step that allows businesses performing their activities in the domestic market to enter foreign markets and to exploit the opportunities and potential which these markets offer. The paper is focused on the draft of the method for quantification of the factors, which determine the success of the SMEs in foreign markets. In the proposed method the multidimensional assessment of indicators of success of SMEs in foreign markets are used, ie. not only the proportion of sales from exports is observed, but also the profitability of international activities in an absolute and in a relative rate. Other indicators of success are the satisfaction of the company management with international activities and the success of achieving defined targets for business activities in foreign markets. Evaluation is made up of both the objective and the subjective indicators of success. Among the objective indicators of success is included the intensity of international activities of SMEs, which is detected as the sum of revenues generated from international activities in relation to total sales company, the profitability of international activities, (ie. whether the foreign activities are profitable or not), and the relative profitability of international activities, where it is ascertained whether the foreign activities generate higher profit than the activities at the domestic market. The next subjective indicator of success is the success of objectives - it was found how many objectives related to operations in foreign markets has been achieved. Another indicator is the subjective satisfaction of the company management with existing activities on foreign markets. Overall performance on foreign markets of the company is quantified using an assessment of objective and subjective indicators of success. Using the defined evaluation it will be possible to determine which of the SMEs are more and which are less successful in foreign markets. Finally, this evaluation will be used for future research aimed at identifying characteristics affecting the success of SMEs in the foreign markets.
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Ali, Muhammad, Tati Haryati, and Aprilia *. "DISTRIBUTION OF CREDIT FOR MICRO, SMALL, AND MEDIUM ENTERPRISES OF MANDIRI BANK SINAKMA MARKET JAYAWIJAYA." International Journal of Accounting and Business Society 29, no. 2 (August 1, 2021): 109–17. http://dx.doi.org/10.21776/ub.ijabs.2021.29.2.7.
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Purpose — The People's Business Credit aims to increase access to financing for Small and Medium Enterprises to financial institutions with a guaranteed pattern through the People's Business Credit. People's Business Credit Guarantee is provided to increase access for Micro, Small, and Medium Enterprises to sources of financing to encourage national economic growth. Mandiri Bank is one of the State-Owned Enterprises established to assist Micro, Small, and Medium Enterprises in realizing business and maintaining business continuity. Design/methodology/approach — The research method used is a qualitative method through a case study approach to determine whether the distribution of People's Business Credit can improve the welfare of Micro, Small, and Medium Enterprises. Findings —The results showed that with the program from the government through the distribution of People's Business Credit which was channelled through Mandiri Bank of Wamena at Sinakma Market in the welfare of Micro, Small, and Medium Enterprises. Practical implications — This research implication are used for the business sector, to be used as input for Mandiri Bank in distributing People's Business Credit, and namely for the development of Micro, Small and Medium Enterprises in Wamena City and as input for the government, namely Mandiri Bank of Wamena at Sinakma Market, so that the target can be achieved. Originality/value — This paper presents several things that impact the distribution of People's Business Credit to Micro, Small, and Medium Enterprises. It is hoped that this case will help prove that the People's Business Credit can prosper the perpetrators of Micro, Small, and Medium Enterprises. Keywords — People's Business Credit, Micro, Small, and Medium Enterprises. Paper type — Case study
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Akume, Ben, and Osarumwense Iguisi. "Developing capabilities for sustainability in family owned SMEs: An emerging market scenario." International Journal of Research in Business and Social Science (2147- 4478) 9, no. 6 (October 26, 2020): 24–36. http://dx.doi.org/10.20525/ijrbs.v9i6.840.
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The academic discourse on ‘family’ perpetuity in family-owned businesses (FOB) is still burgeoning. Current findings suggest the importance of family control and family inter-generational sustainability in family-owned businesses. Though literature in family perpetuity and sustainability is well documented from the advanced economies, there is a scarcity of insights from emerging markets where this research relates. The study, therefore, sought to investigate, understand and interpret the underlying drivers of sustainability in small and medium family businesses using the stewardship theory paradigm and relying on evidence from an emerging market economy the Nigerian family business environment. A qualitative method with 41 in-depth interviews involving owners and managers of family-owned small and medium businesses was conducted. The study empirically shows that there is an interrelationship between family structure and business sustainability, hence the practice of polygamy was found to be inimical to family business success and sustainability. The study also showed that the element of spirituality arising from the ideals and values of the owning family is a significant factor for ensuring family wellbeing and business sustainability, and founding owner characteristics (industry experience) and impacts positively on the business performance and continuity. The study confirmed that the stewardship of non-family member employees within the business is provisional stewardship as non-family members rely on other incentives from the owning family members to behave as stewards. Building on the stewardship theory, the paper develops a model of sustainability for small and medium family businesses. The study contributes to the theoretical literature on stewardship and family business sustainability
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Sedova, N. V. "Finance Sustainability of Entities of Small and Medium Business Working in Trade." Vestnik of the Plekhanov Russian University of Economics, no. 2 (April 13, 2022): 168–75. http://dx.doi.org/10.21686/2413-2829-2022-2-168-175.
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The current situation in Russian economy advances serious demands to small and medium enterprises. The author of the article suggests plotting a finance plan at enterprises in accordance with the set goals and requirements of today’s economy in order to minimize uncertainty of the market environment and its adverse affects. The finance plan can help them balance their expenses and attain profit growth, which can contribute to winning new positions on market. Small and medium enterprises are characterized by good flexibility, which gives them an opportunity to adapt to the changing situation on market and stay competitive in any conditions. Small and medium entrepreneurship fosters a drop in unemployment by increasing the number of jobs, raising the volume of goods and services on market, which can have a positive impact on the social sphere. Enterprises of small and medium business are an integral part of healthy competition on market and it means an opposition to monopolies, free development and diversity in property forms. Small and medium business support investment activity at the expense of re-distribution of resources into the sphere of small and medium enterprises.
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Eurich, Markus, Claudia Villalonga, and Roman Boutellier. "Dynamic Formation of Business Networks." International Journal of Applied Logistics 2, no. 4 (October 2011): 44–60. http://dx.doi.org/10.4018/jal.2011100104.
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New business opportunities rarely conform to the way the industry traditionally approached the market, which is an opportunity for newcomers and flexible small and medium-sized enterprises to be the first in recognizing and taking advantage of emerging market opportunities. However, newcomers and small and medium-sized enterprises may be too young or too small to possess all the required competencies and resources. They need to organize themselves in business networks, in which business partners complement each other. This article suggests a sketch of the form and methods of a framework that allows the ‘Quality of Information’-based discovery of potential business partners who can offer resources like sensors, actuators, and processing services. In the Real World Internet, this would enable small and medium-sized enterprises to create an appropriate business network and to quickly react to emerging business opportunities.
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Leakalala Moloto, Mahlatse, and Solly Matshonisa Seeletse. "Some leading causes of emerging rural poultry small and medium enterprises failure in South Africa." Environmental Economics 7, no. 3 (October 21, 2016): 25–32. http://dx.doi.org/10.21511/ee.07(3).2016.03.
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This study examines the factors that cause failures of many South African rural small and medium enterprises (SMEs) in poultry business. The research method was qualitative phenomenology using in-depth, semi-structured interviews to explore the factors considered by rural chicken SMEs owners to be causes of their business difficulties. The study revealed that these entrepreneurships knew chicken business only from the home-grown chickens, and the local poultry was usually providing only meat. Compared to the local chickens that were cheap to acquire and nurture, the commercial ones had to be purchased, nourished with purchased foods, supported with electricity light at night, and still, some died. It was much cheaper to raise indigenous chickens. The results indicate that rural poultry SMEs owners did not know that buying a commercial chick carries benefits that range from eggs, feathers, meat, and other chicken products. Also, after purchasing each chick, there are more additional investments needed to maintain the market standard. The study enlightens chicken entrepreneurs that they should, first, learn the insight of business, the poultry industry, and the context of the business they wish to pursue. Keywords: competition, formal market, informal business, SMEs, poultry, rural, tax. JEL Classification: Q13, O17
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Paata Koghuashvili, Paata Koghuashvili, and Nato Koridze Nato Koridze. "The Importance of Small and Medium - sized Business for the Country’s Economy." Economics 105, no. 4-5 (May 8, 2022): 67–78. http://dx.doi.org/10.36962/ecs105/4-5/2022-67.
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The article talks about small and medium-sized business and its importance in the development of the economy. Small and medium-sized enterprises play an important role in the economies of most countries, especially developing countries. Small and medium-sized companies are a major part of world businesses and make a huge contribution to job creation and the development of the global economy. They account for about 90% of world production, 60% -70% of jobs and 55% of GDP. In developing economies, small and medium-sized businesses provide almost 40% of national income. They are a necessary and integral part of the economic system of any developed country, the improper development of which hinders the normal existence and development of the economy and society. Development of the country in the XXI century is unimaginable without commerce, manufacturing, financial institutions and modern infrastructures. Small and medium business is a field that creates products, provides services to customers, is the creator and implementer of innovations and the latest technologies in any field, creates jobs and the middle-income layer of the society, fills the budget, attracts foreign capital and investments, which in itself strengthens the exchange rate, promotes healthy competition, the existence of free markets, naturally opposes the establishment of monopolies, creates a stable socio-economic environment in the country, raises the image of the country at the international level. It is for these numerous reasons that small and medium-sized businesses not only make a significant contribution to the economy, but also emerge as an economy. The world experience of many countries in the market economy system shows that small and medium-sized businesses can play one of the most important roles in solving the national problems in the countries. By 2030, 600 million jobs will be needed worldwide to meet the growing demand for employment, prompting governments to promote small and medium-sized businesses. Keywords: business; Small and medium business; Small and medium enterprises; Employment; Importance in economic development.
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Konov, Joshua Ioji. "Market Economy under Rapid Globalization and Rising Productivity." Scholedge International Journal of Management & Development ISSN 2394-3378 2, no. 9 (October 12, 2015): 9. http://dx.doi.org/10.19085/sijmd.020902.
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Market economy of enhancing business laws in contracting, bonding, insuring, legal corporate structures1, e.g. will marginalize the economic agents and tools that make market competition unfair, empower small and medium businesses and investors, and boost business activities, fiscal strength, employment, and capital transmission. Keynesian capital infusion will extend its market effect in such higher security marketplace.
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Setiawan, Eko Budi, Angga Setiyadi, and Wildan Agung Prakoso. "Recommendation System for Determining Micro, Small and Medium Enterprise Business Locations." IJNMT (International Journal of New Media Technology) 7, no. 2 (December 28, 2020): 82–89. http://dx.doi.org/10.31937/ijnmt.v7i2.1499.
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From entreprenurship perspective, determining the right business location is, of course, will become a significant factor for the business's growth in the future. Therefore, a system to facilitate prospective and strategic business locations, for achieving the right selling targets is sure needed. Android mobile based system with GPS technology features can make it easier to determine business location. In our application, we try to tackle this problem by using Simple Additive Weighting (SAW). We took several criteria for strategic business location decision making in our SAW implementation, which comprehend of rental rates, accessibility, location crowd, target market, security, and the number of competitors. Then, by evaluating the finished application, we concluded that the development of an application for Micro, Small and Medium Enterprises (MSMEs) recommendations is to facilitate prospective entrepreneurs to determine a strategic business location to build an entrepreneur.
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Nevmyvako, Valery P. "Digital economy and Industry 4.0: new challenges for small and medium enterprises." Market economy problems, no. 1 (2021): 96–109. http://dx.doi.org/10.33051/2500-2325-2021-1-96-109.
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Subject/topic. The article is devoted to the study of the issues of universal digitalization as a factor of new challenges for small and medium-sized businesses. The modern socio-economic system of doing business is more and more dynamic and difficult to predict from the standpoint of the effects of society's group behavior generated by it, the volatility of trends in demand for products and services, and the urgent need to personalize the products and services created. Such requests are a direct consequence of the development of the digital economy and the emerging new world order – Industry 4.0. Modern market realities directly dictate to business the rules of the game in the digital field, activating internal signals to transform the business model of generating customer value and the way it is delivered to the client. If earlier the digital infrastructure of business played the role of an auxiliary link or an image tool, then since the second decade of the 21st century, digitalization has confidently taken the role of a driver for smart business growth and its qualitative development within the framework of the trilogy: power – client – business. Research results. The article describes the key features of the development of the digital economy in Russia, provides statistical data on the innovative activity of small and medium-sized businesses, as well as provides a critical review of the current challenges, threats and opportunities for involving small and medium-sized businesses in the digital era, substantiates conceptual formulas for assessing potential damage in if cyber threats are implemented. Conclusions. The materials of the article are of practical value for managers of small and medium-sized businesses, anti-crisis managers, specialized institutions of financial and consulting support. Only a constructive and honest dialogue of the largest players in the information technology market with the business community can help build a real and strong digital economy in Russia.
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Ushanov, Aleksandr Evgenievich. "On development of stock market instruments for small and medium-sized businesses." Vestnik of Astrakhan State Technical University. Series: Economics 2020, no. 1 (March 31, 2020): 117–24. http://dx.doi.org/10.24143/2073-5537-2020-1-117-124.
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The article focuses on the fact that contribution of enterprises and organizations of the segment of small and medium-sized enterprises to the creation of GDP does not exceed 21.9% in Russia. Entrepreneurial activity remains below the global average, and only 2.9% of the active population show interest in starting their own business, whose involvement in small business in our country is 1.5, 2 and 3 times lower than similar indicators in China, the EU and the United States. Conditions for business development are largely determined by the availability of funding sources. It is shown that one of the problems of small and medium-sized business market segment development is weak availability of bank credit resources. The actual absence of alternative financial sources for small and medium-sized enterprises to bank lending creates serious risks for the economy. The intensification of the use of exchange-traded instruments to finance small and medium-sized business enterprises is very important. The national project “Small and Medium-sized Entrepreneurship and Support of Individual Entrepreneurial Initiative”, the Roadmap of the Bank of Russia for the development of small and medium-sized entrepreneurship financing, the creation of the exchange segment “Growth Sector” on the Moscow exchange, guarantees and sureties of the Small and Medium-sized Entrepreneurship Corporation should implement an effective mechanism to stimulate the entry
of business enterprises into the stock market. It has been stated that there remains a set of unresolved problems hindering the achievement of this goal. In order to overcome them, there have been proposed a number of additional measures for the successful implementation of the conditions created for small and medium-sized enterprises to enter the corporate bond market
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Kaiun, S. V. "Features of governing small and medium business development in Ukraine." Public administration aspects 6, no. 11-12 (February 20, 2019): 56–63. http://dx.doi.org/10.15421/151874.
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In the article the author substantiates the importance of forming a favourable business environment for the development of national small and medium businesses. State plans and programs for the development of small and medium business in Ukraine are analyzed; the main directions and expected results of their achievement are revealed. The key provisions of the Strategy for the development of small and medium business in Ukraine for the period until 2020 are determined and its content is analyzed. The effectiveness of the state policy on stimulating the development of domestic small and medium businesses in Ukraine is investigated. Particular attention is paid to the experience of economically developed countries, and it is determined that Ukraine needs to create a favourable business environment for the development of national small and medium enterprises. The experience of foreign countries shows that small and medium-sized businesses are the basis of sustainable development of the state, which provides national welfare due to production of competitive products, job creation and raising the level of effective employment of the population, activating the country’s innovative potential, ensuring its competitiveness in the international market. The concept of the National Program for the Development of Small and Medium Enterprise for 2014-2024 is considered, and it is emphasized on the ways of overcoming the problems of small and medium business development. It has been stated that strategic initiatives should not be the result of generalization of previous projects and programs, but a qualitatively new action plan for the development of small and medium businesses. The attention is paid to the fact that the development and expansion of the business sector has been declared as a one of the priorities of the state economic policy in Ukraine. Priority in addressing tasks regarding the solution of the issue of small and medium enterprises development is to overcome the burdensome procedures of state regulation, the instrument of which may be a deregulation, which should provide an improvement of the business climate for small business in the referral article.
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Budiarti, I., and A. M Akbar. "E-commerce for the Development of Small Medium Enterprises." International Journal of Research and Applied Technology 1, no. 2 (December 2, 2021): 13–17. http://dx.doi.org/10.34010/injuratech.v1i2.5906.
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This study aims to determine the perceived influence of the existence of e-commerce for SMEs and how the development of Small and Medium Enterprises (SMEs) businesses towards e-commerce. This study used descriptive method and literature review with interviews, reading, and quoting. After conducting research on SMEs, it had been proven that with e-commerce, SMEs had become more advanced and increasingly developed. The results of this study were technological advances can be utilized by SMEs to market and develop their business through e-commerce so that many product or service innovations are created.
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Laksmi P, Kadek Wulandari, Ni Wayan Lasmi, Desak Made Sukarnasih, and Wayan Sri Maitri. "Empowerment of Micro, Small Medium Enterprises (MSMES) in Coconut Oil Development." International Business Research 15, no. 1 (December 7, 2021): 52. http://dx.doi.org/10.5539/ibr.v15n1p52.
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Entrepreneurship development at the household level is the forerunner to the growth of an MSME. In the village of Antiga, Manggis District, Karangasem Regency, there is a home-based business engaged in the production of coconut oil (kelentik oil). Currently the level of marketing is only limited to traditional markets while the target is to be able to market products in modern markets. Therefore, this study has the objective to know the level of efficiency of production costs incurred by the producers of coconut oil (kelentik oil) in Antiga village, Manggis district, Karangasem regency; to know how to empower Micro, Small and Medium Enterprises producing coconut oil (kelentik oil) and to analyze the factors that influence the intention of buyers or consumers to buy coconut oil (kelentik oil) in Bali. The research method is a qualitative method. The result is that the production process is still traditional so that production cost efficiency is achieved. Furthermore, the empowerment of MSMEs is not yet optimal as business partners in marketing their products. Several factors influence consumers' intention to buy coconut oil (kelentik oil). So the input that can be given is to improve relationships or networks to be able to expand the market and improve product packaging.
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Banterle, A., A. Cavaliere, L. Carraresi, and S. Stranieri. "Innovativeness in food small business: What is its relationship with marketing?" Agricultural Economics (Zemědělská ekonomika) 57, No. 10 (October 17, 2011): 474–83. http://dx.doi.org/10.17221/185/2010-agricecon.
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Small businesses often do not have a sufficient capacity to put the appropriate R&D activities into action. Nevertheless, they are able to be innovative towards their products, processes, distribution channels, and geographical markets. Therefore, even for small and medium-sized enterprises (SMEs), the level of innovativeness can be high. The literature shows that the firm marketing capabilities are very important for innovation in the food industry, to guarantee that innovation reflects the market needs. The purpose of this paper is to analyse the relationship between the level of firm innovativeness and different steps of the marketing management process, to understand if good marketing capabilities can affect the firm innovativeness. An interactive questionnaire available on the web was used for the data collection. The survey was conducted on 468 European SMEs. Linear Regression was run to assess the link between marketing activities and the level of firm innovativeness. Our empirical analysis reveals that the SME marketing capabilities show significant and positive relationships with firm innovativeness.
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Sharkova, A. V., C. A. Birina, and A. V. Kulumbegova. "ENTREPRENEURSHIP IN MEXICO: INDUSTRIAL FEATURES." Scientific Journal ECONOMIC SYSTEMS 13, no. 2 (2020): 154–61. http://dx.doi.org/10.29030/2309-2076-2020-13-2-154-161.
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As the main form of business and employment, small and medium-sized enterprises are key actors for creating more inclusive and sustainable growth, increasing economic sustainability, and improving social cohesion. Small and medium-sized businesses play an important role in Mexico, and the government pays increasing attention to stimulating their activities. Small and medium-sized enterprises create more than half of new jobs, strengthen and develop the country’s domestic market, and support the sectors of the national economy. The article presents the structure of Mexico’s business sectors, the specifics of doing business in the country, the main directions of development, and the impact of the pandemic on entrepreneurship.
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MARK MUNOZ, J., PETER RAVEN, and DIANNE H. B. WELSH. "RETAIL SERVICE QUALITY EXPECTATIONS AND PERCEPTIONS AMONG PHILIPPINE SMALL/MEDIUM ENTERPRISES." Journal of Developmental Entrepreneurship 11, no. 02 (June 2006): 145–56. http://dx.doi.org/10.1142/s1084946706000362.
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The Philippines is among the emerging markets in the world. Along with China, the Philippines attracts international enterprises seeking to establish a presence in Asia. This study examines small/medium enterprises (SMEs) management and employee perceptions of customer service on a number of dimensions. The results suggest that managers and employees in the Philippines behave in similar ways to those in Western countries, but there are differences, probably related to cultural characteristics. As the Philippine market becomes more involved with global business, the importance of service quality increases. The results can be valuable in the formulation of training, sales and marketing, business development, human resources management, and strategic planning. Implications for practice are discussed.
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Chumakova, N. A., and M. N. Andreiko. "SMALL BUSINESS: THE APPLICATION OF SPECIAL TAX REGIMES." Scientific bulletin of the Southern Institute of Management, no. 1 (March 30, 2018): 80–85. http://dx.doi.org/10.31775/2305-3100-2018-1-80-85.
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Small business is an important sector of the market economy of any state, due to a number of objective reasons. As a result of the development of small and medium-sized businesses, new jobs are created, new sources of income appear in the structure of the household budget, the social burden in the expenditure part of the budget decreases. Thus, in the system of economic relations, small business can solve a number of social issues aimed at increasing employment and welfare of citizens. In addition, a small business allows to adapt the production to changing circumstances and thereby respond quickly to market needs; makes products cost-competitive and as a result, a layer of small business for the state is a major source of tax revenue. Today to subjects of small business according to the legislation are offered a number of the systems of the taxation and tax privileges directed on optimization and minimization of the taxation of these categories of taxpayers for the purpose of the state support of their activity. The article analyzes the existing special tax regimes for small businesses, identifies the advantages and limitations of each of them.
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Бокарева, Елена, Elena Bokareva, Анна Силаева, Anna Silaeva, Ирина Дуборкина, and Irina Duborkina. "Development of small business in Russia: problems and solutions." Services in Russia and abroad 10, no. 1 (May 16, 2016): 174–85. http://dx.doi.org/10.12737/19180.
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The chosen topic relevance is caused by a fact that in modern realities of economic
development small businesses act as key units of the development of Russia. The small business
enterprises efficiency is determined by several advantages in comparison with larger
enterprises: 1) satisfaction of market requirements with such goods and services that larger
industries do not produce for economic or other reasons; 2) high capital turnover; 3) usage of
innovations.
Small businesses have significant growth potential and flexible market behavior, which
give them the opportunity for survival and development. And with that, in order to fully exploit
this potential, it is necessary to provide access to resources that would allow small businesses in
practice to carry out an active business in the current market conditions.
The economic downturn in 2014, which resulted from both the structural problems of the
Russian economy and a sharp deterioration in the foreign policy situation negatively affected the
financial and credit market, in particular - in the segment of credit and financial support for
small and medium businesses.
The purpose of research - to consider the problems of small business development in
Russia. The article provides an analysis of the current situation of small businesses; it is shown
that the major companies are concentrated in the Central Federal District, which is due to
historical and geographical preconditions. The article outlines the main problems of
development of small business in Russia at the turn of XX-XXI centuries. The authors analyze the
main key areas of public policy in promoting the development of small business and identify
priority measures to overcome the crisis, including in the field of finance and credit support to
small businesses.
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Dover, Ian, H. Baumann, David H. StJohn, and Matthew S. Dargusch. "Integrating Process, Material and Business Strategies to Transform a Small-Medium Aluminium Products Manufacturer." Materials Science Forum 561-565 (October 2007): 345–48. http://dx.doi.org/10.4028/www.scientific.net/msf.561-565.345.
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The transformation of Bocar Automotive Products from an aluminium products fabricator to an innovative manufacturer supplying automakers with accessory product systems has required the adaptation of forming processes and product capabilities to address the relatively small volumes in the Australian market, strategic change in the company’s target markets and cultural change in its internal operations. The strategy for developing new capability in the casting and forming of aluminium alloy products has taken place over 5 years beginning with the bending of extruded shapes, progressing into the forming of sheet aluminium alloys and the casting of bumper bar components, and finally into the integration of these processes into bumper systems for a number of 4 Wheel Drive models. This paper describes the product design, metal forming and production changes that Bocar has introduced and integrated with its marketing strategy to become a recognized innovator in the accessories market in Australia.
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Pinzon-Castro, Sandra Yesenia, Gonzalo Maldonado-Guzman, and Jose Trinidad Marin-Aguilar. "Market Knowledge Management and Performance in Mexican Small Business." International Journal of Business and Management 13, no. 4 (March 19, 2018): 127. http://dx.doi.org/10.5539/ijbm.v13n4p127.
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Market knowledge management is a relatively new construct in the current literature of business and management sciences. It is considered by some researchers and scholars as a possible miracle cure not only to obtain more and better results in small enterprises but also to improve significantly their level of business return. Similarly, the adoption and implementation of market knowledge management allow small enterprises to achieve more and better competitive advantages, a better market ranking and a significant increase in their business return. Therefore, this empirical research aims to analyze the prevailing relation between market knowledge management and the level of business return in small enterprises. In order to do this, a sample of 364 small and medium-sized enterprises was used from Aguascalientes State (Mexico). The results obtained show that market knowledge management has a positive and significant influence in the business return of small enterprises.
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Pingali, Srinivas, Grishma Shah, and Janet Rovenpor. "Rethinking Quatrro’s execution strategy: capturing the small and medium-sized enterprise market." Emerald Emerging Markets Case Studies 9, no. 4 (December 12, 2019): 1–29. http://dx.doi.org/10.1108/eemcs-09-2019-0227.
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Learning outcomes The learning outcomes of this paper are to understand the supply side of the Business Process Outsourcing (BPO) model and how a firm can develop and capture a new market using Blue Ocean Strategy principles; understand how to use the four actions framework and eliminate/reduce/raise/create (ERRC) grid to develop a Blue Ocean market; evaluate three strategic alternatives available to a firm along with the benefits and challenges of each; map out the current strategy to inform possible future strategies and envision how one can use the BMC to re-invent the execution strategies of a disruptor; and discuss the opportunities for growth and the challenges therein in a dynamic global business environment. Case overview/synopsis Sri Rao, President of Market Development and Strategy of Quatrro Business Support Services (Quatrro), a BPO firm, weaved through the bustling streets of Gurgaon, India, to get to work early on a blistering summer day. It was the beginning of the new 2017 fiscal year and there was a sense of anticipation and uncertainty in the office to which he was headed. Quatrro offered outsourced finance, accounting and payroll solutions to small and medium-sized enterprises across the world, but mainly the USA. Arriving at his desk, Rao gazed out the window and reflected on Quatrro’s journey so far, the ups and the downs and the strategy for moving forward. Growth had been moderate with small deals. Local and regional Certified Public Accountant firms continued to provide stiff competition and the cost of acquiring new clients was high. There was a need to rethink Quatrro target markets and business development strategy. Quatrro’s annual board meeting was coming up in three weeks and Rao wanted to present a credible plan to accelerate Quatrro’s growth. He was worried that if the plan was not accepted by the board, any further investments in the business would be challenging and could even lead to the board directing Quatrro to divest. He believed they had run out of patience with a business that had a lot of potential but was not growing. He had one last opportunity to get Quatrro’s strategy right before his planned departure from the company in just a year’s time. Rao waited for his team to discuss their recommendations based on a presentation he had made to them two days ago. Complexity academic level Undergrad/MBAs. While most growth strategy cases focus on firms seeking to outsource services for efficiency and concentrate on value added to the core functions and competences, this case centers on the supply side and examines the BPO firm itself. It focuses on the technology service industry (as opposed to product/manufacturing), which while growing and significant is not often written about in cases, and finally, the case integrates an understanding of the Blue Ocean Strategy along with the Business Model Canvas allowing students to envision how one can use the BMC to re-invent a business strategy. It does so with a traditional Ansoff Matrix as the backdrop. Supplementary materials Teaching Notes are available for educators only. Please contact your library to gain login details or email support@emeraldinsight.com to request teaching notes. Subject code CSS 11: Strategy.
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Faisal, Moch, Sri Umi Mintarti Widjaja, and Agus Hermawan. "Literasi Ekonomi Pelaku Usaha UKM Culinary Market." Jurnal Pendidikan: Teori, Penelitian, dan Pengembangan 5, no. 11 (November 30, 2021): 1588. http://dx.doi.org/10.17977/jptpp.v5i11.14169.
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<p><strong>Abstract:</strong> This research aims to decribe the economic literacy prosess of SME Cuinary Market businesses and the implications for the walfare of businesses. This research was conducted because there are differences in the category of business, smal business, medium business and large business. This study uses a qualitative approach with this type phenomenlogical study research. The results of this study show small businesses have not run the economic literacy process properly so that the welfare of business has not been obtained, medium business start to run economic literacy well so that the welfare of business and workers begins to be obtained and large businesses have run the economic literacy process properly so that the welfare of businesses and workers has been obtained.</p><strong>Abstrak:</strong><em> </em>Penelitian ini bertujuan untuk mendeskripsikan proses literasi ekonomi pelaku usaha UKM <em>Culinary Market </em>dan implikasi literasi ekonomi terhadap kesejahteraan pelaku usaha. Penelitian ini dilakukan karena terdapat perbedaan katergori pelaku usaha, pelaku usaha besar, pelaku usaha menengah dan pelaku usaha besar. Metode yang digunakan dalam penelitian ini menggunakan pendekatan kualitatif dengan jenis penelitian studi fenomenologi. Hasil penelitian ini menunjukkan pelaku usaha kecil belum menjalankan proses literasi ekonomi dengan baik sehingga kesejahteraan pelaku usaha belum didapatkan. Pelaku usaha menengah mulai menjalankan literasi ekonomi dengan baik sehingga kesejahteraan pelaku usaha dan pekerja mulai didapatkan dan pelaku usaha besar telah menjalankan proses literasi ekonomi dengan baik sehingga kesejahteraan pelaku usaha dan pekerjanya telah didapatkan.
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Sudibyo, Agus, and Aslam Hasan. "ENHANCING THE INTERNATIONAL COMPETITIVENESS OF INDONESIAN FOOD AND BEVERAGE INDUSTRY THROUGH FACILITATING THE ADOPTION OF QUALITY ASSURANCE PROGRAMS." Jurnal Standardisasi 18, no. 3 (March 6, 2018): 171. http://dx.doi.org/10.31153/js.v18i3.612.
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<p>A survey of 102 small to medium sized food processors and manufactures in DKI, West Jawa and Banten province, Indonesia has been conducted for to know the quality assurance (QA) program. The survey was carried out with method to identify and to distribute a questionnaire and also to interview to small and medium scale food industry respondents selected that develope the QA program. The results of the study reveals that the main reasons for implementing one or more quality assurance (QA) programs in the food business were satisfy/meet customers requirements, to seek the highest standard of quality and food safety, provide cotinous quality control and maintenance, reduce legal liability, improve the business structure, facilitatenew market entry and/or to expand market size and sales. Conversely, the main reasons for not implementing one or more QA programs were : the cost of QA implementation and maintenance of QA programs to high, there was no need or no legal requirement to implement QA, the businees was too small. There was insufficient time, a lack of information or lack of resources. The failure to implement QA systems has the potential to exclude small and medium sized food processors and manufactures from many domestic and international markets.</p>
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Smirnova, A. "Venture Financing As a Form of Interaction Between Small and Large Businesses." Scientific Research and Development. Economics of the Firm 10, no. 4 (December 27, 2021): 12–19. http://dx.doi.org/10.12737/2306-627x-2021-10-4-12-19.
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The market economy is currently characterized by a high mutual influence of the activities of various business entities on each other. Cooperation between small and large businesses will allow both parties to achieve maximum efficiency. The article is devoted to the consideration of venture financing as a factor in ensuring the growth of the small and medium-sized business sector, particularly in the sector of innovation.
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Abdullah, Alias, Wee Bee Seng, Mohd Ikbal Mohd Huda, and Noor Azlina Musa. "COVID-19: Implications on Small and Medium Enterprises (SMEs) in Japan." International Journal of East Asian Studies 10, no. 1 (March 31, 2021): 157–74. http://dx.doi.org/10.22452/ijeas.vol10no1.10.
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The Coronavirus (Covid-19) outbreak has affected all business sectors. The state of emergency, limited movement order and social distancing are amongst the preemptive efforts of the Japanese government to safeguard public health. While recognizing the importance of preventing the immense spread of the virus, there are certain unexplored impacts of the movement control measure on the SMEs in Japan. The objective is to scrutinize the repercussions of the Covid-19 on SMEs in Japan. The study applies a qualitative approach through the analysis of the secondary data from the internet, as well as from the Japanese official government and business association. this article intends to scrutinize the actual implications of the Japanese’s state of emergency on SMEs businesses and to identify the survival strategies of the business. Thus, this study differs from other methods such as other quick online surveys that commonly conducted by market surveys. Our findings contribute towards the actual challenges faced by the SMEs during the pandemic crisis.
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Ahmad, Sabarudin, Mualim Mualim, Sugeng Purwoko, and Rifky Yusron. "Raw Material Analysis control of SMBE Slipper Producer using Economic Order Quantity." E3S Web of Conferences 328 (2021): 05011. http://dx.doi.org/10.1051/e3sconf/202132805011.
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The growth of small-medium business enterprise in Indonesia is getting faster in decade, including small-medium business enterprise who produce slippers. SISCO is one of small-medium business enterprise who produce slipper. They must keep tight with market requirement. The supply of raw materials in a small-medium business enterprise is one of the important during production process. In some case their products are mismatch number from market demand. It can be worse if there a mismatch between raw materials ordering schedule from supplier and market demand from consumers. One of this problem requires Economic Order Quantity method as a solution, because during slippers production we have to order from supplier. Inventories are materials stored as raw materials, then they processed be finish product. To find out inventory, one of the inventory models used is the economic order quantity model. This method seeks to achieve the minimum possibility of inventory levels and lower costs and better quality. Economic Order Quantity method calculation based on raw material inventory control in SISCO slipper brand. Optimum monthly cost is IDR 5.293.541,03 to meet supply materials.
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Kvitka, Anton, Anna Kramarenko, Denys Davydov, Maryna Pasmor, and Olga Diachek. "Digital business research for small and medium-sized enterprises: The case of Ukraine." Problems and Perspectives in Management 19, no. 1 (February 26, 2021): 177–84. http://dx.doi.org/10.21511/ppm.19(1).2021.15.
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The use of available digital tools, the entrepreneur’s personal human capital, and the formation and filling of niche markets are seen as the main factors of enterprises’ prosperity. Thus, the study aims to identify the impact of business research on the dynamics of operational and commercial efficiency of small and medium-sized enterprises (SME). The online survey and regression analysis methods based on the data obtained were used. The study revealed that SMEs constantly need to perform data analysis, but despite the need for business intelligence, enterprises rarely use Big Data (cloud technologies). Most small businesses that conduct business research use digital tools, which poses acute problems of staff development and building an effective model for outsourcing research agents. Currently, the economic efficiency of business research is not clearly visible, which is due to the influence of strong external factors, as well as a low level of innovation and research activity of economic agents.
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Zulianti, Divia, and Nuri Aslami. "IMPLEMENTATION OF MANAGEMENT SYSTEM ON HALAL CERTIFICATION FOR MEDAN CITY MSMES ACTORS." CASHFLOW : CURRENT ADVANCED RESEARCH ON SHARIA FINANCE AND ECONOMIC WORLDWIDE 1, no. 3 (April 7, 2022): 11–16. http://dx.doi.org/10.55047/cashflow.v1i3.166.
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The Medan City Micro, Small and Medium Enterprises (MSME) and Cooperative Service in collaboration with the Halal Product Guarantee Agency (BPJPH) supports the existence of a halal certificate guarantee for MSME actors in the city of Medan. Currently, to implement all of business activity, there is a need for halal certification guarantee management so that MSME business actors can better understand how important a halal certificate is to a business. Indonesia's population is a Muslim-majority country and a potential market for various halal products. The percentage of the number of micro, small and medium enterprises is high. For example, micro businesses can be represented at 98,79%, small businesses 1,11%, while medium businesses 0,09%, and large businesses only 0,01%. This data is based on the 2013 Ministry of Cooperatives and Small and Medium Enterprises and from the total of these business units, micro, small and medium enterprises (MSMEs) act as business drivers in Indonesia. However, the guarantee of a halal certificate issued by the Ministry of Religion is considered to be very difficult for Medan City MSME actors to obtain due too many requirements that must be met by the business actors themselves. The guarantee of a halal certificate is expected to be a spirit to awaken and excite the development of the halal industry in the country, especially North Sumatra. Halal Product Assurance certification and supervision services also consistently apply the principles of integrity, transparency, and avoid all kinds of extortion and gratification.
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Hasanova Vagif, Jamila. "An Analysis of Smes Market in History of Azerbaijan." SHS Web of Conferences 129 (2021): 09006. http://dx.doi.org/10.1051/shsconf/202112909006.
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Research background: World experience shows that small and medium business in a civilized form is an important condition for the restoration of not only the economy. Periods of recession, stagnation and stabilization at a time when small and medium enterprises are the acceptable form of activity were observed. Purpose of the article: The purpose of the study is to identify the weaknesses of small and medium enterprises in the local market, to analyze the main stages of development of such enterprises in Azerbaijan. The research database includes works on the issues of local and foreign authors, decisions of the Cabinet of Ministers and the Ministry of Economy of Azerbaijan, normative-legal acts, statistical materials. The results will serve as the basis for further actions- the formation of innovative databases for data processing and analysis, the correct creation of the management structure of many business objects, the support of know-how and start-ups, financial literacy and the reduction of profit leakage. The novelty and practical results of investigation: The importance of the impact of modern technologies and innovations on business development is also explained. The problems of business, which can hinder the diversification of the economy, were considered.
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Zaritskiy, B. E. "Problems of Small and Medium Business in Germany." MGIMO Review of International Relations 13, no. 6 (December 31, 2020): 133–52. http://dx.doi.org/10.24833/2071-8160-2020-6-75-133-152.
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The article deals with the problems of small and medium entrepreneurship (SME) in Germany, its role in the country’s economy. It reveals the mechanism of interaction of government structures, political parties, business alliances and the expert community in formulating and carrying out policies aimed at supporting SME. It shows that real business conditions in Germany differ substantially from what is usually offered to potential investors in advertising brochures. The Total Early-Stage Entrepreneurial Activity Index (TEA-Quote) puts Germany far behind its competitors. For several consecutive years the number of liquidated small and medium enterprises has been higher than that of newly created ones. Germany’s new generation prefers to seek jobs in big companies or in the civil service. Germany seems to have lost the Gründer spirit. Entrepreneurs complain about the great number of bureaucratic procedures, the growing shortage of skilled workforce, high electricity prices, and difficulties in accessing bank credits for micro and small enterprises. An underdeveloped market of venture capital has been a drag on innovative startups. A successful cluster policy, which gave a new impulse to the development of several territories, has not offset serious shortcomings in the country’s entrepreneurial climate. While not dramatizing the situation, the author considers as mistaken a common point of view found in Russian publications. This point of view holds that framework conditions for business in Germany constitute a near-ideal model, which leads to success as long as it is copied faithfully. The article analyses public discussion in Germany about the problems of SMEs, complains of small and medium business against the authorities. The key provisions of the government strategy to develop small and medium business adopted in 2019 and a cessionary package to mitigate damage of the coronavirus outbreak on the German economy adopted in 2020 are reviewed. The main conclusion of the author is that the German experience should be treated selectively, taking into account overall internal political, economic and social conditions under which the German policy of supporting SMEs is designed. The strengths of this policy lie in its systemic nature and a commitment to align it with industrial, innovative, social, research, and educational policies.
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Dubrova, T. A., and M. A. Esenin. "CLOUD SERVICES IN SMALL AND MEDIUM-SIZED ENTREPRENEURSHIP: CHALLENGES AND PROSPECTS." Scientific Journal ECONOMIC SYSTEMS 13, no. 4 (2020): 21–31. http://dx.doi.org/10.29030/2309-2076-2020-13-4-21-31.
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Analysts’ forecasts point to the prospects for a large-scale global and domestic market of cloud services in demand in various sectors and types of economic activity. The paper analyzes the use of cloud services in the business sector of Russia and the EU countries, taking into account various size groups of enterprises, dynamics and directions of application of cloud technologies, existing barriers. The generalization of European experience is of interest due to the high level of development of small and medium-sized businesses, efforts to create cloud infrastructure, and an extensive system of statistical monitoring for the digitalization development in small, medium and large enterprises. A dynamic increase in the demand for cloud services in the business sector of Russia is revealed. Special attention is paid to the analysis of the main barriers hindering the introduction of cloud technologies in domestic small and medium-sized businesses. The directions for improving statistical observation of digital transformation and the introduction of cloud services in the business sector of Russia are proposed, taking into account international experience. The perspectives of collecting information on various categories of enterprises, the development of surveys on the problems of digitalization and the demand for cloud technologies (while ensuring the representativeness of sample data in regional and industry sections) are shown.
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Narolina, T. S., M. I. Samogorodskaya, I. A. Bejnar, and T. I. Smotrova. "MEASURES TO SUPPORT SMALL AND MEDIUM-SIZED ENTERPRISES IN RUSSIA DURING THE PANDEMIC." Region: systems, economy, management 2, no. 53 (2021): 125–37. http://dx.doi.org/10.22394/1997-4469-2021-53-2-125-137.
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Subject. Analysis of foreign and regional practice of supporting small and medium-sized businesses in the context of restrictions caused by the coronavirus pandemic, and the dynamics of the activity of small and medium-sized enterprises. Topic. Study the growth rates of small and medium-sized enterprises in several regions and assess the impact on them of the consequences of the pandemic. Purpose. Assessment of the activity of small and medium-sized enterprises during the period of introduction of restrictions caused by the pandemic and identification of the most popular practices for supporting entrepreneurship, the impact of government support measures on them. Methodology. Methods of statistical analysis of time series of dynamics of basic indicators. Methods of logical and comparative analysis of the support measures provided abroad and in the regions of Russia, including the Voronezh region. Results. Based on the analysis and assessment of the current situation, it was revealed that there is a downward trend among small and medium-sized businesses. This is due, among other things, to the consequences of the pandemic and the restrictions imposed in 2020. State support for small and medium-sized businesses included organizational and financial measures that could be taken advantage of by business entities from the affected industries, subject to certain conditions. Application area. The sphere of regulation of small and medium-sized businesses at the meso-level. Conclusions. The economic challenges that small and medium-sized businesses had to face dictated new business conditions. Government support has allowed many companies to stay on the market during a difficult period. Keywords: small business, small and medium-sized enterprises, entrepreneurship, government support, support measures, pandemic
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Demianchuk, Olha, and Kateryna Zhuk. "FEATURES OF FUNCTIONING OF SMALL BUSINESS IN UKRAINE AND ABROAD." Scientific Notes of Ostroh Academy National University, "Economics" Series 1, no. 22(50) (September 29, 2021): 11–16. http://dx.doi.org/10.25264/2311-5149-2021-22(50)-11-16.
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The article investigates the problems and features of small business functioning in Ukraine and abroad. The importance of small enterprises in the economies of developed countries and the impact on their competitiveness in the context of today's coronacrisis has been analyzed. The criteria for dividing all enterprises into small, medium and large in Ukraine and their comparison with foreign practice are indicated. The "Rating of obstacles" for the development of small and medium enterprises in Ukraine is indicated. The authors identified the factors that negatively affect the continuous functioning of small business and hinder its development. The development of the small business sector and the maintenance of a high level of competition is a key step towards ensuring the sustainable development of the national economy. Small business also contributes to the restructuring of the state, increasing production, creating new jobs and introducing innovative technologies in areas where large business would not be so effective. However, the path to starting a small business is uneven, with many pitfalls and obstacles to jump. Accordingly, the governments of most countries are obliged to support small businesses in any way to protect the economy as a whole. So, in order for small and medium-sized businesses to develop gradually, they desperately need clear and understandable rules of the game in today's market, as well as favorable conditions for uninterrupted operation. To this end, it is necessary to formulate a clear unified state policy on small business, using international experience.