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Journal articles on the topic 'Small and medium enterprises (SME's)'
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1
Darwanto, D., Purbayu Budi Santosa, Nenik Woyanti, and B. Bambang. "Designing Model and Strategy for Strenghthening The Competitiveness of Small Medium Enterprises." ETIKONOMI 17, no. 1 (February 25, 2018): 69–92. http://dx.doi.org/10.15408/etk.v17i1.6826.
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Strengthening the competitiveness of SMEs in Indonesia was essential by the era of global competition in line with the implementation of the ASEAN economic community in 2015. The purpose of this research is designing a model and strategy of strengthening the international competitiveness of SMEs through LEDI - 9F approach. This research is using content analysis and Analytic Networking Process. This research found that the model of strengthening the international competitiveness of SMEs could be done through a model of partnership between the various stakeholders both at district, provincial and state levels. The most priority aspect to strengthen SME's competitiveness is business context with the most priority strategy that is the strategy of management and business. Based on the results of the analysis, the government can use as a reference for the government to strengthen SME's competitiveness through anticipate problems and optimize the solutions that arise in enhancing SME's competitiveness.DOI: 10.15408/etk.v17i1.6826
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Yohandy, Daniel Hadrian, Parjanto Parjanto, and Flourensia Sapty Rahayu. "Redesigning Mobile Human-Resource Management in Small and Medium Enterprises." Journal of Information Systems Engineering and Business Intelligence 4, no. 2 (October 28, 2018): 116. http://dx.doi.org/10.20473/jisebi.4.2.116-124.
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Small and Medium Enterprises (SMEs) in Indonesia continue to grow because it is supported by ideas and creations of the community that keep creating new idea either from food products, clothing, or multipurpose tools. There are already a few examples of successful IT implementation on SME in many countries, but in Indonesia, many SME's does not yet know about the benefit of IT implementation in their businesses. To solve this problem SME's need for learning and adapting IT from the internal functions of the organization, and one of them is Human Resource Management (HRM). This research will try to redesign HRM system based on mobile system or smartphones as one of most popular and most used technology in Indonesia. Smartphones can be used as an early and easy approach for those SME's in the IT-based system. This research will be focused on collecting qualitative data based on the interview with 5 respondents as owner or manager of SME to specify requirements of the design and problems that can be solved. As for the results, the major problem is from the human resource which is lack of knowledge, experience and there are few internal problems in SME's which can be solved by redesigning the mobile system. After presenting the result of redesigning, respondents conclude that the system is sufficient for their daily business activities and they feel comfortable with the design on the mobile system as they said it is easy to understand. Presented design can be much improved by adding more information, opinion, and feedback from other SMEs into consideration in the aim to achieve effective and efficient system design.
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Ubreziova, Iveta, Anna Diacikova, Oksana Sokil, and Stefan Apostol. "Innovation Ecosystems for the Moldovan Small and Medium-Sized Enterprises." Marketing and Management of Innovations, no. 2 (2020): 298–312. http://dx.doi.org/10.21272/mmi.2020.2-22.
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In the last decades, the word 'innovation' can be heard more and more on the entrepreneurial side. It has a crucial role in satisfying the customers, competition with other companies, and increasing the turnover of the enterprises. SME's economic performance is directly affecting the national budget. Still, there is not a precise method of assessing and improving the innovation process at neither firm nor national level. The paper aims to analyze the current innovative performance of Moldovan SMEs. The analysis will explore factors affecting enterprise innovation. It will determine how the existing innovation ecosystem affects the one in an enterprise, and what methods should be applied to improve innovation as well as the ecosystem. To gain insight, the study conducted an email survey of 150 companies, which were the object for research in the Republic of Moldova. The primary purpose of the study is to emphasize the importance of innovation issues related to increasing SME's competitiveness, in connection with presenting the theoretical aspects in the field, proving basic concepts and quantifying them in the study of innovation as well as various forms, types, and factors influencing innovative organizations. The objective of these enterprise questionnaires is to accumulate substantial and reliable information that is significant to responding to the fundamental research questions. Methodological tools of the research methods were the tools for statistical analysis based on using primary data from the questionnaire research. The reference period for statistical research was 2013 and 2017. The author collected the data between August and September 2018 based on questionnaires filled in on paper or sent through the email by the enterprises included in the research. The results of the study provide the following insights: product innovation is the primary innovation type among Moldovan SMEs; the country lacks financial resources for innovation support. Also, Moldova's weak innovation ecosystem and lack of highly qualified workers slow down the development of enterprises. At the end of the thesis, several recommendations for enterprise managers as well as high-level government organizations were provided. Keywords ecosystems, entrepreneurs, innovation, small and medium-sized enterprises, SMEs, Moldova.
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Kotane, Inta. "THEORETICAL AND PRACTICAL ASPECTS OF PERFORMANCE OF SMALL AND MEDIUM-SIZED ENTERPRISES." Latgale National Economy Research 1, no. 9 (November 30, 2017): 67. http://dx.doi.org/10.17770/lner2017vol1.9.2749.
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The number of small and medium-sized enterprises (SMEs) comprises a significant share in total number of enterprises in national economies, the SMEs are considered to be the backbone of economic growth, and most often their significance is valued by the gross value added and a number of new jobs created. Notwithstanding the established role of SMEs in national economies and the research studies conducted by Latvian scientists, the author considers that the theoretical and practical aspects of the SME's performance have not been sufficiently studied and published in Latvia. The purpose of the current study is to explore the theoretical and practical aspects of the SME's performance. The theoretical study is based on the analysis of the research publications, and the practical aspects are analysed using statistical information. General scientific research methods – information analysis and synthesis, the logical construction, monographic, data grouping and graphical representation methods – are used in the research. In the result, the theoretical aspects of the SMEs' performance are explored and the main indicators measuring the SMEs' performance are assessed.
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Khan, Muhammad Asif, and Professor Chen Pinglu. "Impact of Marketing, Managerial and Human Resource Activities on the Performance of Small and Medium Enterprises." KINFORMS 17, no. 1 (June 30, 2022): 4–26. http://dx.doi.org/10.55819/mrij.2022.17.1.4.
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This paper is to investigate the relationship between managerial activities, marketing activities, human resource activities, and small and medium enterprises (SMEs) performance. In this study, the cross-sectional research design was used, and data was collected from 362 SMEs located in Pakistan by using a questionnaire and analyzed thorough statistical package for social analysis (SPSS). Correlation analysis was used to show the association between variables under investigation. Regression analysis was adopted to establish the relationship between managerial activities, marketing activities, human resource activities, and small and medium enterprise (SMEs) performance. The results demonstrated that all the variables are positively correlated with each other understudy. The results indicated that managerial activities, marketing activities, and human resource activities have a positive association with SME's performance. The results also demonstrated that marketing activities have the most active association with firm performance, among other variables.
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Amoako, Seth, and Elvis Boateng. "Considering factors that leads to sustainability of Small and Medium Enterprises in Ghana using PESTEL and theories of entrepreneurship as a measuring tool." Technium Social Sciences Journal 31 (May 9, 2022): 594–653. http://dx.doi.org/10.47577/tssj.v31i1.6340.
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This study was intended to identify factors that lead to the sustainability of small and medium enterprises in Ghana using PESTEL and theories of entrepreneurship as a measuring tool and also made appropriate recommendations for readdressing. The study seeks to solve the problem of high pay to employees, a process that Small and Medium Enterprise face to access the loan and relatively high income to the employee. To enumerate various sources of funds available to SME's in Ghana and to examine the different causes that contribute to the sustainability of small businesses in Ghana, consider the variables that lead to the collapse of new SME's activities, to ascertain the impact of factors that contributes to the sustainability of SME’s in Ghana and to evaluate the PESTEL effect on SME’s in Ghana. Data were obtained through questionnaires from managers and entrepreneurs in Kumasi, Ghana. The sample was selected using quota, stratified and convenient sampling method. The data was analyzed using Statistical Package for Social Sciences (SPSS) in the form of tables. The researchers recommended that entrepreneurs or managers of Small Business should be expert in management in all spheres of business endeavor such as funds , human resource etc. for good management contribute to SME's sustainability as well as dealing in good and quality goods or products for quality products contributes to SME's sustainability
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Moon, Karen Ka-Leung, Fung-Yi Tam, Mei-Mei Lau, and Jimmy M. T. Chang. "Production Outsourcing: Perspectives from Small and Medium-sized Enterprises." Research Journal of Textile and Apparel 18, no. 2 (May 1, 2014): 65–83. http://dx.doi.org/10.1108/rjta-18-02-2014-b009.
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Given the intense international competition brought on by globalisation, an organization's profit is largely determined by how it leverages its internal and external resources. This paper studies the production sourcing strategies adopted by the small and medium-sized enterprises (SMEs) in the clothing industry together with their motivations for outsourcing, adoption of buyer-seller relationships, and satisfaction with their production sourcing performance. A conceptual framework was developed from the literature and tested using a questionnaire survey. Quantitative analysis showed that motivational factors (MFs) can affect an SME's satisfaction with its operational achievement; while host-country and location MFs can affect its strategic achievement. In addition, firms adopting a pure transaction approach seemed to be negatively motivated by the total-cost factor; and those adopting a more diverse sourcing strategy were more likely to be motivated by the corporate factor so as to develop appropriate buyer-seller relationships with vendors, and to be satisfied with their operational performance. This paper contributes to a deeper understanding of business networking from the perspectives of SMEs in regard to their pursuit of production sourcing; and demonstrates how clothing SMEs adopt production sourcing strategies to improve their production sourcing performance.
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Khan, Muhammad Asif, and Marium Burki. "Determinants of small and medium enterprises with the interaction effect of managerial activities." International Journal of Research in Business and Social Science (2147- 4478) 9, no. 4 (July 4, 2020): 153–60. http://dx.doi.org/10.20525/ijrbs.v9i4.750.
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The financial system and capital market in developed countries are more developed as compare to emerging countries. Firms like small and medium enterprise (SMEs) needs finance to operate their business and make a competitive position in the market. In an emerging country like Pakistan, SMEs face a lot of financial and non-financial obstacles that may relate to the poor performance of SMEs. This study investigates the relationship between commercial loans, retain earnings, trade credit, managerial activities, and SME's performance. This study also investigates the interaction effect of managerial activities between independent variables and dependent variables. A survey was conducted in a small and medium enterprise of KPK Pakistan. Data were collected from 362 employees. SPSS (Statistical Package for the Social Sciences) software was employed for data analysis for descriptive and regression analysis. The finding confirmed that commercial loans, trade credit, retained earning have a positive and significant impact upon SME's performance. It is also found that managerial activities have played a mediating role and increased the performance of SMEs. Among variables under study, the more trade credit activities, the higher the performance of the SMEs is observed. Based on this study's results, Leaders, supervisors, and managers are those employees having a substantial role in the performance, development, failure, and success of an organization. Managerial activities are vital for a manager for the purpose to know what should be done in different circumstances and improve overall performance and accomplish organizational goals.
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Nair, Jessy, and Aarthy Chellasamy. "Technological Change Perspective for ERP Implementation in Small and Medium Enterprises." International Journal of Strategic Information Technology and Applications 8, no. 2 (April 2017): 29–39. http://dx.doi.org/10.4018/ijsita.2017040103.
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Small and medium-sized enterprises (SMEs) trail large organizations in leveraging IT systems. SMEs are beginning to understand the significance of implementing IT systems like ERP for improving their preparedness in business processes. Hence the objective of this research article is to develop a framework to analyse SME's organizational preparedness for implementing the technology. This research applies a General Morphological Analysis (GMA) framework to explore suitable models and variables for IT change preparedness to realize the benefits of ERP implementation in SMEs. An SMEs drawback in implementing IT tools is specifically due to a lack of knowledge and an acute shortage of resources like investment and manpower. The review of literature in this article using general morphological analysis is novel for ERP implementation in the SME sector. Based on the review of articles, a morphology with a technology organization framework and environment (TOE) framework which evaluates technological, organizational and environment is most adequate to understand the IT readiness for ERP among SMEs.
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Bularafa, Bukar Ali, and Umar Garba Adamu. "EFFECT OF COVID-19 PANDEMIC ON SME PERFORMANCE IN NIGERIA." Advanced International Journal of Business, Entrepreneurship and SMEs 3, no. 7 (March 1, 2021): 75–92. http://dx.doi.org/10.35631/aijbes.37007.
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Small and Medium Scale Enterprises (SMEs) are undeniably playing a significant role in the economic development of many countries globally. This role performed by the SMEs has been distracted by the global pandemic COVID-19 (Coronavirus). The pandemic brought about lockdown, movement restrictions, market closure, social distancing, etc. Thus, these restrictions and controls of the movement have particularly affected small and medium enterprises (SMEs) in Nigeria. This study aims to examine the effect of the coronavirus pandemic on the small and medium scale business in Yobe State, Nigeria. The study adopted a survey research design. Data were obtained through a questionnaire administered to 278 SMEs in Yobe State. The data were analyzed using descriptive and regression analysis using SPSS. The findings of the study indicate owners/managers of SMEs that participated in the study rated the variables of COVID-19 (lockdown, movement restriction, market closure, and social distancing) on a high level. The result further revealed that all the variables in the study correlate with SME's performance. Interestingly, the findings indicate three variables have a significant positive effect on SME's performance, the highest among is the market closure, followed by movement restriction and lockdown accordingly. While social distancing shows no significant effect on SME's performance. Therefore, it is recommended that proactive plans should be put in place for SMEs in anticipation of events such as COVID-19 that can hurt businesses. Finally, future research should consider other related variables that have not been considered in this study.
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Draga, Edona. "BARRIERS OF SME'S IN KOSOVO." KNOWLEDGE - International Journal 47, no. 1 (August 16, 2021): 181–86. http://dx.doi.org/10.35120/kij4701181d.
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Small and medium enterprises (SMEs) play a very important role for the economic success of any country, due to their contribution to the functioning of the economic network, job creation, development of entrepreneurial skills, innovation and the improvement of economic well-being. For the functioning and development of SMEs also plays an important role their financing, which is defined as key factors for the functioning of the business, as well as for its long-term development. Despite their importance in the economy, they face a number of obstacles that affect their development, where in most research of SMEs in Kosovo access to finance is considered as the main barrier. The purpose of this paper is to identify and analyze the barriers faced by small and medium enterprises (SMEs) in Kosovo during the exercise of their business activity and is based on quantitative data using the quantitative method. Data collection was conducted through a survey conducted with 200 SMEs and the instrument used for data collection is the questionnaire. Assessing barriers to doing business by businesses themselves is an important insight which serves various entrepreneurs in an effort to improve the business environment. Despite the importance of small and medium enterprises in their role in the economic development of the country, we can say that the business environment has not always been favorable for these enterprises. From this research we can conclude that small enterprises in our country are not sufficiently developed they face many problems during the development of their activity. The study concludes with a number of conclusions, where these can address a large number of obstacles faced by businesses on the path of doing business in Kosovo, trying to create a conducive environment in which companies can be helped to overcome, or face these obstacles.
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Khatri, Mukti Bahadur. "Small and Medium Scale Enterprises and their Role in Employment Generation in Nepal." Tribhuvan University Journal 33, no. 1 (May 1, 2020): 129–40. http://dx.doi.org/10.3126/tuj.v33i1.28688.
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SMEs have historically played an important role in contributing to employment generation of many countries around the world. Naturally all businesses start as small businesses or even start out of small businesses initiated by individuals. It is imperative to give high priority to Nepalese labor, skill and raw material based domestic investments to promote national level industries for achieving employment. This study has used regression analysis to investigate relative changes in the position of the Nepalese small and medium scale enterprises (SME's) to the employment between the time period 2046 and 2073 based on secondary data. It has examine the dynamic relationship among the SMEs and employment in Nepal and found to be significant and positive relationship in between SMEs and employment of Nepal. It implies that number of employment was seemed to be mostly influenced by number of SMEs. However it was and still is contributing significant role in employment generation in Nepal.
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Nwankwo, Cosmas Anayochukwu, and MacDonald Isaac Kanyangale. "EFFECT OF TEAMWORK ON SURVIVAL OF MANUFACTURING SMALL AND MEDIUM ENTERPRISES IN NIGERIA." EURASIAN JOURNAL OF BUSINESS AND MANAGEMENT 10, no. 3 (2022): 167–80. http://dx.doi.org/10.15604/ejbm.2022.10.03.002.
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In many industries, teamwork is critical to enterprise existence. However, many manufacturing small and medium firms (SMEs) in Nigeria have failed to survive before their fifth birthday. The aim of this positivistic study is to examine the effect of teamwork on the survival of manufacturing SMEs in Nigeria. A structured questionnaire is used to collect data from 364 owner-managers of manufacturing SMEs selected using stratified random sampling technique. Structural equation modeling (SEM) is used to analyze data. Results show that teamwork has a strong, positive, and significant effect on the survival of manufacturing SMEs in Nigeria. More specifically, the dimension of communication is a strong predictor of SME's survival, followed by recognition, team spirit, and collaboration. The study concludes that there is a variety of critical dimensions of teamwork for the survival of manufacturing SMEs. The study also recommends that if manufacturing SMEs are to survive and thrive in Nigeria, owner-managers must demonstrate and promote a multi-dimensional and nuanced vision of teamwork. The study's findings have key pragmatic and research implications.
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Tahajuddin, Sulaiman, Zhao Xin, Abdul Wahid Mohd Kassim, and Raman Noordin. "Social Stakeholders' Pressure on Environmental Accounting Reporting in Small and Medium Enterprises – Evidence from China." International Journal of Research in Engineering, Science and Management 4, no. 1 (January 22, 2021): 82–87. http://dx.doi.org/10.47607/ijresm.2021.470.
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This study aims to examine the effect of pressure from social stakeholders on environmental accounting reporting (EAR) in small and medium enterprises (SMEs) in Shan Xi Province, China. Using an online survey, this study sampled from 90 respondents in SMEs. The data was then analyzed using Partial Least Squares-Structural Equation Modeling (PLS-SEM) using SmartPLS 3.3.2. The empirical evidence shows that there is a positive and significant influence of the social stakeholders' pressure on EAR, especially, the pressure from media and community. The findings of this study suggest that community and media do improve the environmental accounting reporting in SMEs in Shan Xi Province, so that can improve SME's performances concerning the environment, inventory and controlling costs, efficient technologies with less pollution, nonpolluting products.
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Yean, Ung Leng, Tee Peck Ling, Chung Chay Yoke, Jayamalathi Jayabalan, Pok Wei Fong, and Shamini Kandasamy. "The Impact of Minimum Wage Policy on Small Medium Enterprises' Productivity in the Manufacturing Sector." GATR Journal of Business and Economics Review 1, no. 1 (December 24, 2016): 78–83. http://dx.doi.org/10.35609/jber.2016.1.1(10).
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Objective - This study's aim is to identifies the minimum wage policy implementation and its impact on SMEs in Malaysia. It addresses the question of the level of SME's awareness and their readiness towards the implementation of the policy and improving productivity. Methodology/Technique - Data were collected through questionnaire distribution and literature study.Analysis was conducted via a descriptive method. Findings - The solutions identified in addressing the problem include the need to increase labour productivity, lower operational costs and change organizational methods. Novelty - The discussions of this paper provide an in-depth understanding of the issues related to how the policy affects company's competitive advantage and financial performance. Type of Paper: Empirical Keywords: Minimum Wage Policy; Malaysia; SMEs, Manufacturing Sectors; Productivity.
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Ababio, Abraham Gyamfi, and Arthur Gnonsio Mangueye. "State legitimacy and tax compliance among small and medium scale enterprises: a case study of Dodowa district, Ghana." Journal of Financial Crime 28, no. 3 (July 1, 2021): 858–69. http://dx.doi.org/10.1108/jfc-09-2020-0195.
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Purpose Improving tax compliance would drive the needed development in Ghana. Small and medium scale enterprises (SME) constitute a sizable proportion of the Ghanaian economy but its contribution to tax revenue is below expectation. This study aims to determine whether SME's perception of state legitimacy affects tax compliance. Design/methodology/approach A structured questionnaire was administered to 200 SMEs randomly drawn from Dodowa in the Shai-Osudoku District of Greater Accra Region. Descriptive statistics and the Probit model with sample selection were used to analyse the data. Findings The study found that SME's perception of government legitimacy exerts a significant negative effect on reducing profit to avoid tax liability (ß = −0.0305, p < 0.05). Other factors such as education and fear of fines and penalties were also found to reduce the likelihood that the firm would reduce profit to avoid high tax liability. Still, tax knowledge had a positive effect on this behaviour. Practical implications This study would help deepen policymakers' knowledge of how to improve tax compliance among SMEs in Ghana. Originality/value The originality of this work is that it explicitly models the role of fiscal exchange theory in explaining tax compliance among SMEs in Ghana by using robust methodology.
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Dogbe, Courage Simon Kofi, Hongyun Tian, Wisdom Wise Kwabla Pomegbe, Sampson Ato Sarsah, and Charles Oduro Acheampong Otoo. "Effect of network embeddedness on innovation performance of small and medium-sized enterprises." Journal of Strategy and Management 13, no. 2 (March 21, 2020): 181–97. http://dx.doi.org/10.1108/jsma-07-2019-0126.
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PurposeThe purpose of this study was to identify if network embeddedness and innovation performance relationship, which has been largely studied in multinational enterprises (MNEs) and large corporations, was also applicable in the context of small and medium-sized enterprises (SMEs). Secondly, the authors also sought to identify the moderating role of innovation openness in the relationship between network embeddedness and SMEs' innovation performance.Design/methodology/approachEmpirical analysis was based on 388 SMEs in Ghana. Various validity and reliability checks were conducted before the presentation of the actual analysis, which was conducted using the structural equation modeling in Amos (v.23).FindingsFindings revealed that, in the context of SMEs, network embeddedness had significant positive effect on innovation performance. The authors further identified that SMEs with both high levels of network embeddedness and innovation openness had a much higher performance in their innovation, compared to SMEs that relied solely on network embeddedness.Research limitations/implicationsThe current study found innovation openness to further strengthen the relationship between network embeddedness and SMEs' innovation performance. The relationship between network embedded and SME's innovation could, however, be mediated by knowledge transfer mechanisms, so future studies should pay particular attention to the mediating mechanisms.Practical implicationsManagement of SMEs is advised to develop conducive organizational structures, such as trust, openness to collaboration and so on, for effective innovative knowledge transfer and transformation.Originality/valuePast research studies on network embeddedness and innovation performance have dominantly resided in MNE and large corporations. This current study extends the body of knowledge by extending the network embeddedness and innovation performance research studies to SME context.
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Mwaanga, Clement, James Mulenga, Mary Lubinda, Moulen Siame, Kunda Kaliba-Chishimba, Mulenga Chonzi Mulenga, and Chilala Sheila Kafula. "COVID-19 Pandemic and Its Implications on Small and Medium Enterprises (SMEs) Operations in Zambia." Journal of Business Administration Research 10, no. 1 (May 8, 2021): 32. http://dx.doi.org/10.5430/jbar.v10n1p32.
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The COVID-19 pandemic has slowed down the operations of enterprises of different sizes and types in different ways. The most affected are the SMEs operating in various sectors of the economy. This study sort to investigate the influence of the COVID-19 pandemic on the operations of SMEs in the food and accommodation industry and provide policy recommendations to the government on supportive measures for SMEs. We employed an exploratory methodology with a critical review of available literature, including policy documents, research papers, and relevant literature to the sector Data was collected from four provinces using a survey method, and analysis was conducted through descriptive statistics. The findings indicate that most of the SME's monthly revenues have gone down by more than 50 percent and they are facing challenges such as failing to pay workers, restricted number of customers, and high cost of inputs. Besides, 21 percent of the SMEs reported improved adherence to health guidelines as one of the mitigating factors to minimise the spread of the COVID-19 pandemic. Furthermore, only 4 percent of the SMEs have accessed financial support from Government but their businesses have remained the same. Based on these findings, policy recommendations have been made to help SMEs survive during the crisis.
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Nowakowska-Grunt, Joanna. "Modeling of Innovation Processes in the Management of SME's Enterprises Activities." Advanced Materials Research 1020 (October 2014): 789–95. http://dx.doi.org/10.4028/www.scientific.net/amr.1020.789.
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Innovations in modern economy are perfect example of developmental initiatives for small and medium-sized enterprises. The diversity of innovation concepts is a reflection of market demand, which is subjected to continuous process of adaptation to environment. Therefore, it is not possible to determine the specific barriers defining the framework of operation for innovative enterprises, particularly in relation to world development trends and globalization of markets. Innovative solutions are characterized by a wide diversity, which are a constant challenge for scientists studying and interpreting the occurring internal processes. Research of structures in these processes allowed creating many model solutions, which along with the economic transformations have evolved and are reflected in the present. Innovativeness of small and medium-sized enterprises is a matter relevant to the economic development. The European institutions that perform studies on innovativeness have shown that in many European countries level of innovativeness of SMEs is significantly below average. This problem also applies to the Polish enterprises and cover the whole economy since the SME sector is the overwhelming majority all economic entities on the market.
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Setiyaningrum, Ari, and Yussi Ramawati. "Peran Dimensi-Dimensi Entrepreneurial Marketing dalam Mendorong Kesuksesan Bisnis UMKM di Industri Ekonomi Kreatif." Jurnal Ekonomi Bisnis dan Kewirausahaan 9, no. 2 (August 28, 2020): 125. http://dx.doi.org/10.26418/jebik.v9i2.39818.
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This study aims to analyze the influence of entrepreneurial marketing dimensions, including proactiveness, opportunity-focused, risk-taking orientation, innovation-oriented, customer intensity, resource leveraging, and value creation of Small and Medium Enterprises (SMEs) business success in the creative economy industry. The study also examined the moderating role of company age on the entrepreneurial marketing dimension's influence on SME's business success. The study used survey methods by distributing questionnaires to 265 SME business owners in North Kalimantan. The sampling method uses nonprobability sampling with a convenience sampling technique. Data were analyzed using multiple linear regression analyses and moderated tests using the macro process of SPSS Hayes. The results of this study indicated that in the context of SMEs in the creative industry, customer intensity and value creation play a critical role in business success. Meanwhile, proactiveness, opportunity-focused, risk-taking orientation, innovation-oriented, and resource leveraging found no impact on SMEs' business success. The research also proves that the company's age moderated the impact of customer intensity on SME's success but does not moderate the influence of value creation to SME's business success.
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Truong, Chuong Minh. "Small and medium sized enterprises: clustering and owner manager’s typology." Science and Technology Development Journal 18, no. 4 (December 30, 2015): 25–33. http://dx.doi.org/10.32508/stdj.v18i4.967.
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SMEs are established and managed by owner managers. Their personality traits, demographics impact the enterprise’s managerial system and performance. This study aims at clustering the SMEs to find out the clustering structure via these stated above factors, then, defining a set of criteria to recognize the owner managers’ typology and predicting the enterprise performance. Clustering method has been applied to analyze 240 enterprises into 3 clusters differentiating with each other basing on the personality traits, particularly, innovation, demographics, strategic management and organizational functional structure. These factors are encapsulated into a set of criteria for owner manager’ typology definition and prediction of the enterprise performance. Relations among these factors in each cluster were also recognized.
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Zamrudi, Zakky, and Teguh Wicaksono. "Social Commerce Adoption in SME’s." JEMA: Jurnal Ilmiah Bidang Akuntansi dan Manajemen 15, no. 2 (August 9, 2018): 60. http://dx.doi.org/10.31106/jema.v15i2.1125.
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Small and medium enterprises (SME’s) has gradually become an economic backbone for several developing country including Indonesia. In several studies, it was assumed that SME's was a sign of self-sufficiency concept. In the economic strike, SME's could sustain the price of several staple goods that are related to society livelihoods such as food and attire. South Kalimantan Province was well known for its authentic fabric namely sasirangan produced by local SME's spread all around the area. SME's are nowadays are inseparable from IT particularly that related to social media to promote their product. The use of IT infrastructure and platform were usually centered in the large city mainly in the capital of province such as Banjarmasin. As an alternative, the use of social media could be employed to empower SME's at county area. This study was aimed to understand the attitude of county area SME's on the use of social media for commerce purposes. The sample involved in this study was 45 Sasirangan SME’s on 5 off-capital counties at South Kalimantan Province. These works use PLS-SEM due to the nature of research was explore the interaction amongst the variable (exploratory factor analysis). The finding shows that in general, SME's entrepreneur has a great willingness to use their social media for commerce purposes. A further discussion of research finding and research limitation will be further discussed in the end of paper.
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Samantha, Gunathilaka, and Gamini Premaratne. "Exploring Curvilinear Relationship between Entrepreneurial Orientation and Firm Performance." GATR Global Journal of Business Social Sciences Review 1, no. 3 (August 5, 2013): 17–25. http://dx.doi.org/10.35609/gjbssr.2013.1.3(3).
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Objective - The vital role of entrepreneurial orientation (EO) on firm performance has been widely studied in developed countries. Most studies have found a positive linear relationship between EO and firm performance. However, the empirical findings are inconclusive. According to the recent literature, one possible reason for these inconsistent findings may be the nature of the relationship between EO and firm performance is not linear as assumed by many researchers. The objective of this study is to examine the relationship between EO and firm performance and specially to determine the best representation is whether linear or curvilinear. Methodology/Technique - This study utilizes a sample of 580 small medium enterprises (SME's) from two provinces in Sri Lanka and hierarchical regression analyses was employed for analyzing the relationships. Findings - Findings demonstrate anS-shape curvilinear relationship between EO and firm performance in the context of SME's in Sri Lanka. Type of Paper - Empirical Paper Keywords: Entrepreneurial Orientation; Firm Performance; Small Medium Enterprises; Curvilinear Relationship.
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Xu, Qikui. "The Impact of COVID-19 on SMEs and Countermeasures." Frontiers in Business, Economics and Management 4, no. 1 (June 13, 2022): 88–93. http://dx.doi.org/10.54097/fbem.v4i1.509.
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The COVID-19 outbreak from Wuhan in 2020 has dealt a major blow to the entire Chinese economy, especially to small and medium-sized enterprises. In this paper, the study found that the influence of new crown outbreak of small and medium-sized enterprises in the return to work and production, costs, capital chain rupture and other practical problems, further to the causes of these problems were studied, finally aiming at the problems of small and medium-sized enterprises under the new crown outbreak was put forward, from the Angle of enterprise itself should accelerate the pace of transformation and upgrading, Make use of digital tools for innovation, improve the operation mechanism of supply chain, improve the anti-risk ability of small and medium-sized enterprises, and introduce managerial and technical talents to optimize enterprise management. From the perspective of government policy, financial support should be strengthened to reduce the financial burden of small and medium-sized enterprises, and national development fund for small and medium-sized enterprises should be established to help small and medium-sized enterprises out of difficulties.
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Vu, Ngo Van, and Nguyen Xuan Trung. "The Situation of Small and Medium Enterprise Development in Vietnam." Business and Economic Research 10, no. 3 (October 12, 2020): 337. http://dx.doi.org/10.5296/ber.v10i3.17841.
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In the period of 2010-2017, the number of small and medium enterprises (SMEs) of Vietnam tended to be increased, accounting for about 98% of the total number of Vietnamese enterprises by the end of December 2017. Vietnam's SMEs are mainly private enterprises operating in the field of commerce and services as well as industry and construction, mostly concentrated in the Southeast and the Red River Delta. In the research period, micro enterprises had experienced a sharp increase in the loss rate, making the loss rate of the whole enterprise soar. In addition, SMEs were increasingly dependent on loans and especially small businesses had less access to bank loans as well as deferred purchase. However, Fixed-charge coverage ratio of SMEs had been improved and the gap between large enterprises and small enterprises had been narrowed.
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Vanags, Andris, Anna Ābeltiņa, and Rosita Zvirgzdiņa. "Partnership strategy model for small and medium enterprises." Problems and Perspectives in Management 16, no. 1 (March 22, 2018): 336–47. http://dx.doi.org/10.21511/ppm.16(1).2018.33.
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The Latvian economy mainly consists of small and medium sized enterprises (SMEs). There are two important moments in the enhancement of their successful development and competitiveness: competition and collaboration. In the modern world collaboration or partnership is starting to play an ever increasing role as is shown by the research carried out. This research analyzes the partnership model which consists of three components: partnership context component, external partner network component, and internal environment component.The following research methodology was used: monographic method based also on literature review; logically constructive method – to formulate conclusions, analyze the results and establish correlations; analytical method – to divide whole into parts and analyze the parts during the research; synthesis method – unification of elements into a system to research their correlations; social research methods – to obtain primary information and to verify it; graphic method – to depict factor interactions.
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Moelyono, Mauled. "Peran Aset N onfisik dalam Meningkatkan Kinerja Organisasional pada UKM Sektor Manufaktur di Kota Palu." Jurnal Ekonomi dan Pembangunan Indonesia 10, no. 2 (January 1, 2010): 95–116. http://dx.doi.org/10.21002/jepi.v10i2.114.
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The aim of this research is to analyze the role of intangible asset in improving organizational performance of Small Medium Enterprises (SMEs) in manufacture sector in Palu. This research was designed as explanatory research. The sample was determined using stratified proportional random sampling and consists of 175 units of SMEs. The data collected by questionnaire to the directors of the SMEs were analyzed using Structural Equation Modeling (SEM). This research has successfully proved the role of intangible asset in improving organizational performance through the role of socialcapital; it is by moderating the influence of business networking and organizational learning to the organizational performance of SME's.
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Shahbaz, Mian Awais, Asifah Javed, Amina Dar, and Tanzeela Sattar. "Performance Measurement of Small and Medium Enterprises (SMEs) in Pakistan." Archives of Business Research 2, no. 3 (June 30, 2014): 42–49. http://dx.doi.org/10.14738/abr.23.320.
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Pechlaner, Harald, Frieda Raich, Anita Zehrer, and Mike Peters. "Growth perceptions of small and medium‐sized enterprises (SME's) — The case of South Tyrol." Tourism Review 59, no. 4 (April 2004): 7–13. http://dx.doi.org/10.1108/eb058442.
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Imdad Ali Khowaja, Sikandar Hussain Soomro, and Muhammad Nawaz. "The Role of Small and Medium Enterprises in Perspective of Labour Abundant Economy of Pakistan." Progressive Research Journal of Arts & Humanities (PRJAH) 3, no. 1 (March 3, 2021): 61–76. http://dx.doi.org/10.51872/prjah.vol3.iss1.83.
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The small and medium enterprise sector has played a significant role in theincome and employment generation in the developed and developingeconomies. The current study is conducted to find out the potential of theSMEs to achieve the economic and social objectives. The survey data of 300SMEs indicates the wider gap between the demands for SME financing and thesupply-side. The test result p<0.05 indicates that the lack of access to capitalinvestment, finance, and support from the public sector institutions to upgradethe technology and commutation means are the major obstacles for the SME'sto scale-up their performance in the current market reforms. While the resultof the regression model (r=0.992) indicates a strong correlation between thevariables. In fact, those SME's had overcome the issues of technology,communication, dearth of functional barriers because they had the access tothe formal sources of financing. Therefore, to attain the target of 10 millionjobs and reduce unemployment in the country, the policymakers have to makenecessary arrangements to establish new financial sources and facilitate theexisting financial firms to expand their network for the advancement andmodernization of SMEs operating in the formal and informal fold of theeconomy.
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Banding, Mappa Panglima, Ashar Ashar, Ahmad Juliana, Muh Irfandy Azis, and Yohanna Thresia. "Financial Technology For SMEs Capital Problems With Crowdfunding Method." Media Ekonomi dan Manajemen 35, no. 2 (July 31, 2020): 150. http://dx.doi.org/10.24856/mem.v35i2.1503.
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<p>This study motivated by Micro, Small, and Medium Enterprises (SMEs) problem. SMEs still have difficulty accessing financial institutions. This problem should overcome when SMEs utilize information technology in business management such as crowdfunding features through Financial technology, where crowdfunding has known as a funding offering facility for social interests. The study is a qualitative descriptive analysis. This study intended to decide how to use crowdfunding-based financial technology by SME's at Tarakan City. The experiment subject is a randomized participant of 15 participants based on a predetermined category faced with stakeholders SME’s at Tarakan City. The data consisted of primary data non-metric or qualitative data. Participants were interviewed and examined to learn about the use of crowdfunding-based financial technology by small and medium-sized companies in Tarakan City, followed by triangulation with three models, i.e. data triangulation, investigator triangulation, and methods triangulation. Then analyzed with an interactive model through data reduction, data display, and conclusion drawing procedures. The result of the research shows that from the 15 informants in this study, there were only two informants who knew about Financial technology, and only a small proportion of SMEs at Tarakan City able to utilize Financial technology based on crowdfunding for their funding needs and use crowdfunding for working capital.</p>
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Dhliwayo, Shepherd. "Export experience and financial performance of small and medium enterprises." Environmental Economics 7, no. 3 (October 21, 2016): 8–16. http://dx.doi.org/10.21511/ee.07(3).2016.01.
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The aim of the article is to illustrate that export experience of small and medium enterprises (SMEs) has a statistically significant effect on financial performance. This may seem obvious, but similar studies done elsewhere have shown conflicting results. The study’s findings also show conflicting results in the three single-item performance measures used, namely, sales, profits and savings. Data from a sample of 144 exporting SMEs were collected using a structured questionnaire. Export experience is measured by years exporting, and financial performance covers a period of three years. A Chi-square test was used to measure the effect of experience on performance. Results show that export experience had a statistically significant effect on sales and profitability, but not on savings. They also show that performance in sales and profitability increased with export experience. It is, therefore, recommended that appropriate interventions to improve exports, should take export experience into account. Keywords: export experience, performance, SMEs, sales, profitability, savings, Southern African Development Community. JEL Classification: L25
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Jaffar, Nahariah, Zarehan Selamat, Norhazlin Ismail, and Hamsatulazura Hamzah. "Small medium enterprises’ financial reporting in Malaysia." Corporate Ownership and Control 8, no. 3 (2011): 366–75. http://dx.doi.org/10.22495/cocv8i3c3p2.
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This study investigates the financial reporting practices of the Malaysian SMEs. Mailed questionnaires were sent to loan officers and SMEs’ owners. The findings showed that size of SMEs, industry type, owner’s awareness about financial reporting regulations and academic qualification of the SMEs’ owners have positive associations with the nature of financial reporting of the Malaysian SMEs. In addition, the loan officers and SMEs’ owners perceived most of the information presented in the SMEs’ financial statements are useful and that they perceived all sections in the financial statements, except income statement, are important for their decision making process. Results may provide insight on the nature and adequacy of financial reporting of the Malaysian SMEs. Besides, the findings may contribute better understanding to the SMEs’ managers on the informational needs of the users of their financial statements.
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Swasty, Wirania. "Business Model Innovation for Small Medium Enterprises." Winners 16, no. 2 (September 30, 2015): 85. http://dx.doi.org/10.21512/tw.v16i2.1561.
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Indonesian economy through Small Medium Enterprises (SMEs) is expected to absorb labor and contribute to the growth of Gross Domestic Product. However, SMEs lack both managerial and technical skills. This research is about business model innovation for SMEs especially in fashion and garment industry. Study used qualitative approach by mentoring four selected SMEs in Babakan Penghulu Village– Cinambo Sub-District, Eastern Bandung. The tools used to analyze them including PEST analysis, Porter’s Five Forces,Resource Based View, Value Chain Analysis and Business Model Canvas. Finding suggests SMEs to have business model innovation derived from value proposition. SMEs should build their own brand awareness. Moreover, as garment and fashion industry, design can be a particularly important part of the Value Proposition. SMEs could communicate its value propositions and inform their service through its official websites and other social media. Since the intangible resources include brand and design, thus SMEs should build brand image and innovate year by year. SMEs must hire designers and launch a series of new products offers under the signature of their own brands. Ideation to strengthen strategies derives from value proposition building block as a starting point. Moreover, Business Model Canvas makes strategy more focused and measurable. Business model innovation is expected to increase overall performance of SMEs.
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I. Offiong, Amenawo, Chris O. Udoka, and James Godwin Bassey. "Financial risk and performance of small and medium enterprises in Nigeria." Investment Management and Financial Innovations 16, no. 4 (December 3, 2019): 110–22. http://dx.doi.org/10.21511/imfi.16(4).2019.10.
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Small and medium enterprises (SMEs) are imperative for the growth of a striving economy because they cater for a huge level of manpower and vast resources. Therefore, it is essential that their stability and performance should be ensured in order to promote the economic growth of Nigeria. SMEs are pronged to unsecured financial risk, which can lead to the collapse of the enterprises. Various studies have been done on the small and medium enterprises’ contribution to the Nigerian economic growth, but only few have addressed how financial risks affect it. This study aims to investigate how financial risk affects SMEs` performance. In other to achieve this exploratory research design was used and data were sourced from Central Bank of Nigeria (CBN) statistical bulletin from 1986 to 2017. The study uses autoregressive distributed lag (ARDL) techniques as the tool of analysis. It reveals a negative and insignificant relationship between financial risk and SMEs` performance in Nigeria in the long run. However, exchange rate risk, liquidity risk, interest rate risk and inflation risk have a significant, but negative impact on small and medium enterprises in the short run, as well as the long run. Financial risk adversely affects the performance of Nigerian SMEs and, therefore, should be controlled to enhance their performance.
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Egbetokun, A. A., and O. O. Olamade. "Innovation in Nigerian Small and Medium Enterprises." Journal of Electronic Commerce in Organizations 7, no. 4 (October 2009): 40–51. http://dx.doi.org/10.4018/jeco.2009100104.
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This article seeks to explore the types of innovation that are predominant in SMEs in developing countries and to investigate the impact of these innovations on different dimensions of firm performance based on an industry-wide innovation survey carried out in Nigeria in 2007. Although innovation is important for superior firm performance, our result found that the type of innovation that SMEs pursue is not a critical consideration in their performance. While there was no difference found in the focus of SMEs on either of product or process innovations, evidence showed that SMEs would focus more on incremental product and process innovations. Incremental innovation was found to be very important for Nigerian SMEs and a significant predictor of product quality and not of revenue. The authors conclude that SMEs chooses to pursue such innovations that most fit their strategies and available resources. Such level of innovation affords Nigerian SMEs to more extensively exploit the domestic market but cannot support extensive new product development required to enter export markets.
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Kubíčková, L., and A. Peprný. "The internationalization of small and medium-sized enterprises in the viticulture." Agricultural Economics (Zemědělská ekonomika) 57, No. 7 (August 1, 2011): 331–39. http://dx.doi.org/10.17221/31/2011-agricecon.
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Small and medium enterprises (SMEs) are an important part of the Czech economy, they significantly contribute to the job and GDP creation, they are the source of innovation and technological progress. The paper is focused on the internationalization of SMEs, specifically in the wine sector, which is a specific sector closely linked to the specific area and it is significantly subjected to natural and climatic conditions. The authors focused on the specification of the most important aspects of the internationalization of Czech wine-growing small and medium enterprises based on the research via interviewing 450 SMEs wineries. The authors thus identified the key success factors in the process of internationalization of SMEs in the wine business.
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Vijaya Arjunan, R., and K. Vinayaka Kamath. "Cloud computing system for small and medium corporations." International Journal of Engineering & Technology 7, no. 1.1 (December 21, 2017): 173. http://dx.doi.org/10.14419/ijet.v7i1.1.9277.
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Cloud computing provides services that allocate infrastructure resources using the Internet as a medium and data storage on an external server. Small and medium corporations are the foundation of any flourishing economy for a growing nation which seeks new and innovative methods to reduce the way they manage their resources. Over a couple of decades, Information technology (IT) has created a significant impact in improving the lives of people and alsoon the global economy due to tremendous digital transformation. With the growth of the Small and medium corporations, IT is creating some real impact in enabling these industries to undergo adigital transformation of their business processes while they continue to grow. Small and medium enterprises (SME’s) are usually identified as the dominant force for the growth of any country's economy. In the cloud computing environment, the SME's need not have the in-house infrastructure so they can give up on any initial expenditure for setting up and instead they can utilize the resources available on the cloud and pay as per their requirement and usage.This paper presents the results of a comprehensive interpretation to research some of the most commonly used SaaS (Software-as-a-Service) implementations in the domain of Cloud Computing firstly to identify the weaknesses of the traditional computing approach for SME’s, and secondly to identify the aspects of these weaknesses that can be overcome by implementing cloud computing.In this paper, we provided the overview of various cloud computing models and literature survey of these models. This study extends to create an own cloud computing system for small and medium corporations. We will be using Software-as-a-Service (SaaS) approach and see how small and medium corporations can leverage on this for their business operations.
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Bestvinová, Viera. "Implementation of controlling in conditions of micro, small and medium industrial enterprises." IOP Conference Series: Materials Science and Engineering 1256, no. 1 (October 1, 2022): 012031. http://dx.doi.org/10.1088/1757-899x/1256/1/012031.
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Abstract This paper deals with the implementation of controlling in a group of small and medium-sized industrial enterprises (SMEs) in Slovakia. The business environment characterized by rapid and abrupt changes forces enterprises to innovate not only products, but also internal processes and management system. Enterprises therefore implement controlling, whose role is to support the management of the enterprise in making important decisions. This paper will analyse the application of controlling in SMEs based on interviews with business managers and a questionnaire survey. Large enterprises have implemented controlling, but SMEs face the task of implementing it. Therefore, the paper will describe the tasks that need to be accomplished in the different phases of building controlling in SMEs. It will conclude by highlighting the benefits of implementing controlling for the management of SMEs.
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Zadeh, Amir Hassan, Bolaji Akinsola Akinyemi, Anand Jeyaraj, and Hamed M. Zolbanin. "Cloud ERP Systems for Small-and-Medium Enterprises." Journal of Cases on Information Technology 20, no. 4 (October 2018): 53–70. http://dx.doi.org/10.4018/jcit.2018100104.
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Organizations recognize the need to adopt Enterprise Resource Planning (ERP) in order to become more competitive, efficient, and productive, although the adoption and implementation of an ERP system is a costly and risky endeavor. Recently, cloud computing has become a viable and competitive means by which most organizations, especially Small and Medium-sized Enterprises (SMEs), can implement an ERP system in a short time frame and cost-effective way. The authors' research examines the feasibility of cloud-based ERP systems for SMEs through a case study. The case emphasizes the potential of cloud-based ERP systems for SMEs as well as some of the challenges and peculiarities involved in their efforts to obtain an affordable and versatile ERP system. Their findings can potentially guide SMEs to make well-informed decisions throughout their cloud-based ERP adoption process.
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Jin, Yuhuan, and Sheng Zhang. "Credit Rationing in Small and Micro Enterprises: A Theoretical Analysis." Sustainability 11, no. 5 (March 4, 2019): 1330. http://dx.doi.org/10.3390/su11051330.
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One of the features of credit markets is that borrowers are sometimes rationed in the amount that they can borrow, which differentiates them from other markets. Small and micro enterprises (SMEs) are more likely to be eliminated than large and medium-sized enterprises under credit rationing. However, SMEs play a significant role in employment creation and growth of gross domestic products in developing countries. So, it is of great significance to study the reasons why SMEs are more vulnerable to credit constraints. By considering the differences in characteristics between SMEs and large and medium-sized enterprises, we established a theoretical model with endogenous enterprise size, and by considering banks’ screening principles before and after the loan approval, we have analyzed the micro-mechanism in which there are significant differences in credit availability between SMEs and large and medium-sized enterprises. Our conclusion indicates that credit rationing in SMEs is the result of the rational choice by banks for the purpose of profit maximization.
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Sarwoko, Endi, and Christea Frisdiantara. "Growth Determinants of Small Medium Enterprises (SMEs)." Universal Journal of Management 4, no. 1 (January 2016): 36–41. http://dx.doi.org/10.13189/ujm.2016.040105.
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Tymoshyk, D. D., L. L. Hrytsenko, and Ya S. Kovalev. "Small and Medium Entrepreneurship: Ukrainian and World Experience." Mechanism of an Economic Regulation, no. 2 (2020): 86–95. http://dx.doi.org/10.21272/mer.2020.88.07.
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The article considers the concept of small and medium enterprises in the process of economic thought formation. The task of the work is to determine and analyze the state of small and medium business in Ukraine and abroad. For this, the definitions of foreign and national scholars are outlined and their own understanding of the term is formulated. A comparative and quantitative analysis of enterprises was conducted on the basis of data collected by the State Statistics Service of Ukraine, and a positive increase in enterprises for the period 2014-2018 was revealed. In addition, the main approaches to the division of enterprises into types according to different classification criteria due to the Ukrainian economic system and the standards of the European Union, which fundamentally differ from the division system in the United States, are studied. At the same time, the indicators of small and medium-sized enterprises of the USA and European countries are considered, that allows us to say that the largest percentage of the contribution to GDP belongs to the small and medium-sized enterprise sector. The described features of SMEs in comparison with other types of enterprises determine the importance of SMEs as a stable and self-sufficient sector of the economy which requires support from government regulation. The urgency of research on the topic of SMEs is primarily dictated by the need to summarize the previously studied layers of this topic, the emergence of new reforms and Ukraine’s desire to improve the economic system and bring it to the world level. Economic development depends not only on internal policy principles, but also on external factors influencing the state of the world economy. The beginning of 2020 made the leaders of the world community think about the principles of maintaining economic indicators during the trigger caused by the coronavirus pandemic and the collapse of oil prices, and therefore it is natural to implement programs to support small and medium enterprises during the global recession.
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Tanasić, Zorana, Goran Janjić, and Borut Kosec. "Lean Concept in Small and Medium Enterprises." Materials and Geoenvironment 66, no. 2 (June 1, 2019): 129–37. http://dx.doi.org/10.2478/rmzmag-2019-0010.
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AbstractThe Lean concept is recognisable by how fast innovations are implemented and production processes are improved. Likewise, analysis of the implementation of Lean concepts so far has shown that Lean methods and tools cannot be applied to small and medium enterprises (SMEs) in the same measure as they can be applied to large enterprises.This paper aims to present a critical review of the implementation of Lean concepts in SMEs with the claim that Lean concept can be successfully applied in all branches of industry, provided that the Lean concept is fully understood, and it’s meaning, principles and practice. Given that SMEs have limited resources, they often face difficulties during the implementation of all Lean tools and methods.Depending on the type of improvement in Kaizen activities, the Poka Yoke and Jidoka tools should be applied. Every improvement in the production process needs to be standardised as soon as possible so that the processes can become more continuous and efficient.
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The Dong, Phung, and Nguyen Thi Hong Nham. "The factors affecting accessibility to credit capital of small and medium enterprises in Vietnam." Statistics and Economics 15, no. 6 (January 16, 2019): 15–25. http://dx.doi.org/10.21686/2500-3925-2018-6-15-25.
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The difficulty in accessing loans is one of the major barriers to the development of small and medium enterprises (SMEs) in Vietnam. Low accessibility to capital forces SMEs to spend both official and unofficial costs in order to obtain loans, and/or to access the unofficial market at higher interest rates, thereby increasing cost of production of enterprises. Studies suggest that the determinants of bank loan processing through which small and medium enterprises can access official loans include: characteristics of enterprises; indicators, reflecting the performance of enterprises; characteristics of loans; characteristics of enterprises, enterprise owners; geographical position of enterprises; the creditworthiness of enterprises and the role of the network.Purpose of the study.The aim of this paper is the quantitative analysis of the factors, affecting accessibility to credit capital of small and medium enterprises in Vietnam.Materials and methods.This study was conducted on the basis of a survey in December 2017. The survey includes 301 enterprises in Hanoi city. Selected enterprises are also enterprises, surveyed in the annual enterprise survey by the General Statistics Office of Vietnam. This paper uses the Probit and Logit regression approach to estimate the impact of factors, affecting the disbursement probability of a loan of an enterprise. The number of SMEs accounts for 56.69% of the samples. The number of enterprises, applying for a bank loan accounts for 58.4% of the total samples, of which the percentage of disbursed loans for SMEs accounts for only 47.3%. For enterprises without a bank loan, eliminating the reasons for the lack of demand and unwish to be in debt, the main reasons not to access bank loans are high interest rates, complicated loan procedures and insufficient collateral.Results.The results obtained from the Logistic and Probit models show that the estimated coefficients are statistically significant, affecting the probability of taking a business loan, accepted by financial institutions. Although the coefficients, estimated from Logistics model are larger than those estimated from the Probit model, the estimated results show that the direction of impact of the variables in two estimation techniques gives quite similar results.Conclusion.Based on the results of this study, the Government of Vietnam should implement policies to support SMEs in the direction of improving their access to capital. The credit institutions should design products and services suitable to the characteristics of SMEs in Vietnam.
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Chidinma Maduekwe, Caroline, and Peter Kamala. "Performance measurement by small and medium enterprises in Cape Metropolis, South Africa." Problems and Perspectives in Management 14, no. 2 (May 11, 2016): 46–55. http://dx.doi.org/10.21511/ppm.14(2).2016.05.
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High failure rate of small and medium enterprises (SMEs) has been partly attributed to the use of inappropriate performance measures. This study seeks to determine the types of performance measures employed by SMEs, purpose for which performance measures are used, perceived effectiveness of performance measures used and factors that may inhibit SMEs from using both financial and non-financial performance measures. Data are collected using a questionnaire and analyzed using descriptive and inferential statistics. The findings of this study reveal that most of the sampled SMEs measure their performance using both financial and non-financial performance measures, albeit financial performance measures are used more frequently than the non-financial ones. Of the financial performance measures, the most popular ones are sales growth, cash flows, operating income and net profit margin. The most popular non-financial measures are customer focused. These include response time, customers’ satisfaction, percentage of repeat customers and customers’ complaints. The findings also reveal that performance measurement reports are used by the sampled SMEs mostly for monitoring the business, gauging the performance of the business, improving business processes, identifying problems and optimizing the use of resources. The findings further reveal that the performance measures used are perceived to be effective but that the lack of awareness, qualified personnel, top management support, required resources such as computers, had, to some extent, inhibit SMEs from using the appropriate performance measures. This study not only fills in the gap in the literature on performance measurement by SMEs, but also provides invaluable insights on the extent to which these entities use different performance measures. These insights could inform future government interventions meant to avert the high failure rates of these entities and also aid SMEs to gauge their performance measurement practices with a view to adopt the best practices or avoid factors that could inhibit them from using these practices
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Lavruk, Vitalii Valeriiovych, Svitlana Ivanivna Plotnytska, and Hanna Volodymyrivna Zaporozhets. "RISKS MANAGEMENT IN SMALL AND MEDIUM-SIZED ENTERPRISES." SCIENTIFIC BULLETIN OF POLISSIA, no. 4(16) (2018): 72–79. http://dx.doi.org/10.25140/2410-9576-2018-4(16)-72-79.
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Urgency of the research. SMEs has a significant role in the economic development of most countries of the world and have become engine of economic growth. In Ukraine SMEs account for more than 99% of the total number of enterprises in Ukraine but its share in GDP of the national economy is only 15%. Therefore, the SMEs growth is one of the most challenging problem for Ukraine. Target setting. It is estimated that only half of SMEs are well doing after the first two years’ operation period. The main cause is high risks in the small business sector. So the improvement of SMEs risk management system is one of the most challenging issue for Ukraine. Actual scientific researches and issues analysis. SMEs development has been investigated broadly. The impact of risk on SMEs is tried to evaluate by Hudáková, M., Buganová, K., Dvorský, J., Shuying, Z., Mei, Z. and others. Uninvestigated parts of general matters defining. Issues of the SMEs risks management in the context of globali-zation in emerging economies continues to be actively explored. However, despite the rigorous contribution to this area the problem is not resolved completely. The research objective. This research paper aims to discuss the problems of risk management for SMEs. The statement of basic materials. We identified the crucial risks for SMEs, namely financial risks. In our investigation we based on a dataset obtained via questionnaire surveys in Kharkiv region of Ukraine. The theoretical basis for the application of methods and tools for managing financial risks are substantiated on the law of downward impact. A new approach to SMEs financial risks managing are developed. Conclusions. As a result of the research a new approach to SMEs financial risks managing has been developed that should be taken into account in order to adjust the SMEs development strategy taking into account the level of financial risk and improve the SMEs performance indicators.
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Park, Kyung Jin, and Youngtae Yoo. "Improvement Of Competitiveness In Small And Medium-Sized Enterprises." Journal of Applied Business Research (JABR) 33, no. 1 (December 28, 2016): 173–94. http://dx.doi.org/10.19030/jabr.v33i1.9888.
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While SMEs (small and medium-sized enterprises) contribute much to the economy, their competitiveness compared to that of large enterprises is negligible. Periodic evaluation of the overall competitiveness of SMEs is important to determine the reasons behind their relatively low growth rate. In order to maximize the effects of support for SMEs through government policies, determining the best means of providing support and enhancing competitiveness is necessary. Government funds or other sources of support for SMEs must be supplied according to the circumstances surrounding each enterprise. For instance, if the government invests in tangible assets, SMEs must be the target, because their size guarantees that despite their lower flexibility, competitiveness will improve. If investment is made in research and development, the firm’s long-term capacity for growth must be evaluated rather than its profitability, since there is an immediate increase in costs. There are differences in the effects of investment on flexibility, immaterial capital, and the ability to compete according to the size of the firm and the number of years it has been in business; these factors must be taken into account. Also, in allocating supporting funds to SMEs, the sites at which the funds are to be used must be examined. Active use of funds in areas where SMEs cannot invest in themselves is encouraged, rather than investment in general.
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Gunawan, Bahtiar, Maulana Shaleh Mubarak, Nisrina Anbar, and Rangga Sanjaya. "STRATEGI PENGEMBANGAN TEKNOLOGI E-COMMERCE UMKM RUMAH SAYUR LEMBANG MENGGUNAKAN METODE ANALISIS SWOT." JURNAL TEKNOLOGI DAN OPEN SOURCE 3, no. 1 (June 14, 2020): 1–13. http://dx.doi.org/10.36378/jtos.v3i1.526.
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The research aims to identify the fundamental potential information of internal and external factors that determinant strategies that can be used in strategy development. The development of Micro, Small and Medium Enterprises (UMKM) Rumah Sayur impresses slowly, because of the missed in e-commerce technology in its business. Cause a lack of opportunities to be able to compete in the business world. There needs to be a system development strategy to run and develop well. One of the ways that can be done to help determine an e-commerce technology system development strategy is to conduct a SWOT analysis. SWOT analysis is necessary to know the strengths and weaknesses as well as opportunities and threats to the company or business to face strict competition as well as to give competitiveness among Micro, Small and Medium Enterprises (UMKM. And the results of the analysis describe the analysis of the internal business factors and the company's e-commerce technology system as well as the external factors of business and the SME's e-commerce technology system Rumah Sayur From the results of the analysis, it was concluded that Micro, Small and Medium Enterprises (UMKM) Rumah Sayur need to take policy aggressive strategy to develop e-commerce technology given the high strength and opportunity in the middle of existing Micro, Small and Medium Enterprises (UMKM) competition
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Gökmen, Aytaç. "Small and Medium-Sized Enterprises and Development Prospects." International Journal of Applied Management Sciences and Engineering 8, no. 2 (July 2021): 21–35. http://dx.doi.org/10.4018/ijamse.2021070102.
Full textAbstract:
Small and medium-sized enterprises are the backbone of a country. SMEs create most of the employment opportunities and comprise 90% to 95% of economic activities. Therefore, these make SMEs indispensable for the development of a country. Also, SMEs are the source of innovativeness, and they are the ones that respond to niche market needs that are ignored by large businesses. Small and medium-sized enterprises are an important instigator for the improvement and renewal of national economies. Thus, the aim of this paper is to review the concept of SME, differentiating features of SMEs, market economy, and state the importance of SMEs for the Republic of Turkey.