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NIEHM, LINDA S., NANCY J. MILLER, MACK C. SHELLEY, and MARGARET A. FITZGERALD. "SMALL FAMILY BUSINESS SURVIVAL: STRATEGIES FOR COPING WITH OVERLAPPING FAMILY AND BUSINESS DEMANDS." Journal of Developmental Entrepreneurship 14, no. 03 (September 2009): 209–32. http://dx.doi.org/10.1142/s1084946709001314.
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This study identified 14 adjustment strategies employed by household and business managers to cope with overlapping work and family demands using data from 1997 and 2000 versions of the National Family Business Survey (NFBS). Significant differences were found between surviving small family firms by managerial role (single or dual) regarding gross income, gender, number of children under age 18, community size and trade sector. Both surviving and non-surviving enterprises tended to bring household work to the business field when times were hectic and demanding, and took care of family responsibilities while at the business. However, in non-surviving businesses, business managers reported a greater tendency to bring work home, demonstrating that work entered the family field more frequently than in surviving businesses. Managers of surviving businesses were more likely to make financial adjustments by hiring temporary help for the business or home, and less likely to ask others to help in the business without pay. Significant differences were also noted regarding the use of non-financial adjustments; managers of surviving family businesses were able to shift away from business work to spend time on family aspects, and to spend less time sleeping to help the business.
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Green, Daryl D., and Thomas Kohntopp. "Small Enterprise Strategies in an Unstable Public Environment." Management and Economics Research Journal 02 (2016): 6. http://dx.doi.org/10.18639/merj.2016.02.283546.
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Many small business owners in the United States dream about getting a large contract with the federal government, feeling that their lives would be easier if they did. Ironically, there have been numerous occasions where small businesses have gone out of business after being overwhelmed by a government contract. This case study addresses how small businesses can improve their survival and success rate in the public sector with a strategic approach to their operations. It begins by discussing the preparation that goes into federal contracting by small businesses. Case examples of four American companies involved in contracting with the Department of Energy are evaluated. Data collection is achieved through qualitative analysis. The application of these conclusions could increase the survival rate of small businesses operating in an unstable public environment. The study is significant because this research widens contemporary assumptions about strategic thinking for small businesses engaged in government contracting.
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Marshall, Maria I., and Holly L. Schrank. "Sink or Swim? Impacts of Management Strategies on Small Business Survival and Recovery." Sustainability 12, no. 15 (August 3, 2020): 6229. http://dx.doi.org/10.3390/su12156229.
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The rate of small business demise is exacerbated by exogenous events such as natural disasters that threaten even the healthiest business. This study focused on the effects of management strategies used by small business owners affected by a natural disaster and the resulting recovery status eight years after Hurricane Katrina. The results indicate that location, human resource, and financial management decisions affect operating status and recovery. Both pre-and post-disaster strategies and across system exchanges were utilized and predicted survival and recovery, e.g., financial managerial strategies utilized post disaster predicted whether a business would fully recover, but effective overall management strategies differed over time and operating category.
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Et. al., Efebeh Vincent Eseoghene,. "The Politics Of Small Businesses Survival In A Competitive Market: Problems And Solutions." Turkish Journal of Computer and Mathematics Education (TURCOMAT) 12, no. 5 (April 10, 2021): 1068–76. http://dx.doi.org/10.17762/turcomat.v12i5.1752.
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The political nature of man has made stakeholders of small businesses to be involved in one survival strategies or the order which have left the equitable distribution of infrastructure and operations of businesses owners a challenge in these regards. The study tried to identify the various problems as well as solutions to the problems militating against the small-scale business politically. The sample subject of the study is the 10 entrepreneurs and 40 employees of small- scale business. The questionnaire is a major instrument used. Mean and the standard deviation was used to analyse responses The results of the study showed that government have put up a lot of support programme to promote small-enterprise business in the local government area under study but policies, programme application, mismanagement/misappropriation of fund hinders the growth of the small-scale business. It was recommended that government should collaborate with the industrialists of the various small-scale businesses to find out their financial, manpower and infrastructural facilities needs and satisfy them
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Ifekwem, Nkiruka, and Ogundeinde Adedamola. "Survival Strategies and Sustainability of Small and Medium Enterprises in the Oshodi-Isolo Local Government Area of Lagos State." Acta Universitatis Sapientiae, Economics and Business 4, no. 1 (December 1, 2016): 103–18. http://dx.doi.org/10.1515/auseb-2016-0006.
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Abstract Small and medium enterprises (SMEs) play an essential role in the sustainable development of countries. They help in employment generation, industrial production increase, and export, social enrichment as well as political stability. This study investigates the survival strategies and sustainability of SMEs using selected small businesses in the Oshodi-Isolo Local Government Area, Lagos State. It examines the type of growth strategies that SMEs adopt, ascertains what influences their survival strategies as well as the challenges that hinder their growth. Fifty (50) SMEs were randomly sampled. Their owners and managers were interviewed using questionnaires. Data collected were analysed using descriptive statistics and Pearson product–moment correlation coefficient statistics. Our findings reveal that there is a statistically significant relationship between survival strategies and SMEs’ sustainability. The major implication of the findings is that maintaining small but committed and motivated employees is critical in guaranteeing the survival of the SMEs in a volatile economy. The study recommends that there be a need for orientation and educational programmes to change the mindset of business owners to enable them to graduate from sole atomistic proprietor devoid of modern scientific business practice and effective succession to corporate status with an apparatus of modern business management practices and corporate vision. Finally, the study further suggests some imperatives for policy makers concerned with promoting small businesses’ growth and sustainability in the Oshodi-Isolo Local Government Area of Lagos State.
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Rawung, Stanny Sicilia, and Maya F. S. Salindeho. "Small-Scale Industries Development Strategy in Bitung City Using SWOT Analysis and TOWS Strategy." Society 8, no. 2 (December 31, 2020): 783–93. http://dx.doi.org/10.33019/society.v8i2.269.
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This study aims to analyze industrial groups’ position based on developing and business success and strategies that can be used in developing small-scale industrial enterprises in the Bitung City, North Sulawesi Province. The research took place in Bitung City, North Sulawesi Province. The research sample was 185 small business owners in Bitung City. The sampling method used was random. Data were collected using a questionnaire with a Likert scale and strategy analysis using SWOT analysis and TOWS strategy. The results of this study found that: (1) based on the SWOT analysis results, each industry group is advised to implement a survival strategy and future integration that is offered according to internal factors and external factors that affect the success of micro-businesses in Bitung City. (2) the small-scale industries in Bitung City have excellent development capabilities and a high business success level.
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Katare, Bhagyashree, Maria I. Marshall, and Corinne B. Valdivia. "Bend or break? Small business survival and strategies during the COVID-19 shock." International Journal of Disaster Risk Reduction 61 (July 2021): 102332. http://dx.doi.org/10.1016/j.ijdrr.2021.102332.
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Reyes Avila, Francisco Javier, and Amy Preiss. "Strategic Management: A Survival Need for Mexican SMEs." Business Management and Strategy 6, no. 1 (June 12, 2015): 65. http://dx.doi.org/10.5296/bms.v6i1.7481.
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<p align="left">Strategic Management is an essential process for small to medium enterprises (SMEs) to manage and survive in a changing business environment. However, Mexican SME managers are not capitalizing on the strategic management process to adapt their businesses to retain competitive advantage. SME managers must employ strategies to maintain competitive advantage while realizing the mission and vision of their organizations. SME managers should develop a professional administration to adapt their businesses to the new environment and consider seeking a consultant for strategic guidance.</p>
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Kumar, Navaneetha, Padmalini Singh, Liew Pei Shan, Daisy Mui Hung Kee, Lee Tze Mei, Ngai Wan Ying, and Ooi Yu Zhi. "A Case Study on Domino’s Business Survival Strategy During the Covid-19 Pandemic." International Journal of Tourism and Hospitality in Asia Pasific 4, no. 2 (June 21, 2021): 28–41. http://dx.doi.org/10.32535/ijthap.v4i2.1055.
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COVID-19 pandemic has spread around the world and affected the development of economic countries. Some countries and states are under hotspot areas. During the lockdown period, many organizations were forced to close their businesses, causing economic recession. In addition, many companies have seen a sharp decline in their sales and affecting their profits. Due to the COVID-19 pandemic, many restaurants have started their service with takeaway or delivery, however they still unable to sustain their business, especially the small and medium-sized enterprises (MSMEs). This study aims to study the strategies used by Domino’s in sustaining their business during the COVID-19 pandemic. Quantitative method was used in this study and the data were collected within 2 weeks through the online distribution by using Google Form. The results showed the strategies used by Domino’s company for business survival during the COVID-19 pandemic are promotions and provided quality foods and there is a significant relationship between promotions and the preference for Domino’s Pizza.
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Hird, Andrew P. "The Impact of Entrepreneurial Cognition on the Founding and Survival of New Small Businesses." Industry and Higher Education 26, no. 6 (December 2012): 453–60. http://dx.doi.org/10.5367/ihe.2012.0124.
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This paper reports on an investigation into nascent entrepreneurship. Developing and sustaining a new business is a complex and uncertain process, and different types of individuals react to this uncertainty in different ways. It is argued that cognitive factors play a crucial role. Validated and reliable psychometric instruments were administered to 119 nascent entrepreneurs in the UK. The respondents were tracked through the nascent phase, business launch and to six months after launch. The findings indicate that cognitive style is not a predictor of nascent entrepreneurship but that it is highly influential in the process of founding a business. Both intuitive and analytic nascent entrepreneurs started businesses and cognitive style did not affect survival rates, but the process of business formation and survival developed in different ways. Most research to date has argued that an intuitive cognitive style is associated with the necessary characteristics for launching an entrepreneurial venture. It is possible that this conclusion has been drawn because most studies have been conducted among existing entrepreneurs. The findings of the present study indicate that, at the nascent stage of entrepreneurship, and particularly among inexperienced nascent entrepreneurs, this assertion is open to challenge. An awareness of an entrepreneur's cognitive style may assist those who seek to support and advise the nascent entrepreneur, but may also help individual entrepreneurs to recognize their strengths and weaknesses and, so, to develop appropriate strategies for business launch and survival.
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Rahmawati, Lilik, and Mutimmatul Faidah. "Survival of Traditional Retailers: An Islamic Business Perspective." al-Uqud : Journal of Islamic Economics 4, no. 1 (January 20, 2020): 18. http://dx.doi.org/10.26740/al-uqud.v4n1.p18-31.
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This study aimed to explain the reality of survival mechanisms and adaptive strategies by traditional retailers in Surabaya in facing the existence of massive modern retail stores. This study used qualitative research with a phenomenological approach. The data collection method used observation and interview techniques. Data analyzed with Clark and Scott's survival mechanism theory and the adaptive strategy by Miles and Snow. The result of this research was in the aspect of defender strategy, traditional retailers did various strategies when prices went up, and instead of increased the prices they choosed to reduce the profits. The stores equipped with people daily needs to retain customers. Even though the stock was small, the items sold were complete. It was important to promote family relations with buyers. A striking aspect is the close family relation that was so different from modern retail stores. In the aspect of reactor strategy, the owners responded to the situation without having a long-term strategy design. Their store’s responses were reactive and short-term oriented in the form of selling goods by following the tastes of buyers and current trends. Meanwhile, in carrying out business performance in connection with the survival mechanism, Surabaya traditional retailers met the business assessment of the Islamic perspective namely on the aspects of material, mental, spiritual, and fraternal.
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Urban, Jan. "Factors of Entrepreneurial Success: A qualitative multiple case study of new small businesses." SHS Web of Conferences 91 (2021): 01026. http://dx.doi.org/10.1051/shsconf/20219101026.
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In most countries, small businesses represent a majority of firms providing close to fifty percent of the total employment. However, on average, more than half of new small-business start-ups usually fail within the first 5 years of operation. Therefore, learning from the success of small-business owners who have sustained in business for at least 5 years can provide helpful insights not only for individual firms, but also for the continued growth of local economies which usually rely on small business to a great extent. The purpose of this case study based article was to explore common approaches, strategies and skills of successful business founders/small business owner´s that contribute to their sustained development. The article is based on a qualitative survey of sixteen, locally operating, small, retail and service-industry firms which, having successfully survived at least 5 years in business, continue to grow. The method of the survey covered semi structured interviews led with individual entrepreneurs and focused on identifying the crucial business as well as personal approaches and skills important for their market survival.
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Rukuni, Tarisai F., Eugine Tafadzwa Maziriri, and Tsepo Mofoka. "Social Media Strategies on Brand Awareness at a Small Business Consultancy Firm in South Africa." International Journal of Interactive Mobile Technologies (iJIM) 14, no. 20 (December 11, 2020): 4. http://dx.doi.org/10.3991/ijim.v14i20.14831.
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<p class="0abstract">Small and medium enterprises – including those in the business consultancy industry – are strategic for the development of the South African economy and for developing marginalised economies through employment creation and income generation. However, the existence of small and medium business consultancy firms is threatened by competitive pressure of multinational consulting firms such as the PricewaterhouseCoopers, McKinsey and KPMG [8]. Small and medium business consultancy firms need to adopt innovative strategies for survival. Appropriate use of social media strategies is one strategy that can be adopted by small and medium business enterprises to influence brand awareness and brand loyalty and to build a competitive edge. An inability to use social media as a business strategy results in poor brand awareness, a decrease in sales, and business closure. It is against this background that this study aimed to assess customers’ perceptions of social media strategies employed by the small and medium business consultancy firm, investigate the relationship between social media strategies and brand awareness, and evaluate the relationship between brand awareness. A quantitative descriptive research methodology, using a structured questionnaire was employed to collect data from a sample of 231 customers at the business consultancy. The Statistical Package for Social Sciences version 25 was employed to conduct descriptive and multivariate analysis, including mean, standard deviation, correlation and regression analysis. Findings indicated that customers had negative perceptions of social media strategies employed by the small and medium business consultancy firm. It was also found that social media strategies had a statistically significant positive relationship with brand awareness and brand acceptance. The research findings hold major implications for theory and practice.</p>
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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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Erdis, Cindy, Johannes Arnoldus Wiid, and Michael Colin Cant. "Motivation for starting a business: Opportunity or survival? A South African perspective." Corporate Ownership and Control 12, no. 4 (2015): 630–38. http://dx.doi.org/10.22495/cocv12i4c6p2.
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Labour and trade union disputes and political uncertainty continue to negatively affect the South African economy. Strike action hampers productivity in many industries, affecting foreign investment. These factors all contribute to a slower economy, weakening the exchange rate and increasing cost of imports (Anon1 2014:1). A struggling electricity supply is also adding to current South African economic woes. The above factors add to the reasons why small businesses (SMEs) are being started as a means for South Africans to establish their own forms of income during these tough economic times. SMEs often form the backbone of national economies and have lately increased in importance (Hove & Tarisi 2013:57). This research paper aims to explore the reasons why small businesses are started in South Africa by focusing on intrinsic and extrinsic driving forces. Once the reasons are known as to why small businesses are started, researchers can begin to develop interventions and strategies for the successful establishment and long-term survival of these SMEs.
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Adu, E. T., A. D. Lamptey-Puddicombe, and A. Opawole. "Consultants` Perspectives of Survival Strategies for Small and Medium Construction Firms at Infancy Stage." Journal of Construction Business and Management 4, no. 1 (April 27, 2020): 34–47. http://dx.doi.org/10.15641/jcbm.4.1.792.
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This study examines survival strategies for Small and Medium Construction Firms (SMCFs) at infancy stage as well as the factors affecting the adoption of these strategies. The study area is Uyo Metropolis in Akwa Ibom State, Nigeria. The study employed stratified random sampling technique to select a sample for the study. Primary data obtained from 103 validated questionnaires, administered to professionals in the built environment are analysed using percentage, mean score and Kruskal Wallis test. Results reveal that all the strategies examined in this study are significant for the survival of SMCFs at infancy stage; dominant among the factors are: innovativeness, required skills, willingness to take risk, entrepreneurial attitudes and behaviours, entrepreneurial organization structure and strategies, and financial resource management. The results further reveal that the dominant factors affecting the adoption of survival strategies for SMCFs at infancy stage are: availability and access to finance, the poor state of the country's infrastructure, poor managerial/executive capacity of the implementing agencies, characteristics of entrepreneurs and failure to adapt to the changing business environment. The study recommends that in addition to regular training to acquire required skills for effective management of the firms, SMCFs should also adopt any or a combination of the strategies highlighted, to survive in the current dynamic and competitive construction environment.
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Martin, Mwangi S., and Mary J. Namusonge. "INFLUENCE OF INNOVATION ON SMALL AND MEDIUM ENTERPRISE (SME) GROWTH." International Journal for Innovation Education and Research 2, no. 5 (May 31, 2014): 31–41. http://dx.doi.org/10.31686/ijier.vol2.iss5.182.
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Innovation is paramount to the survival and growth of any business. It has changed the way companies conduct business and the way both customers and clients acquire goods and services. The textile industry was one of the key sub-sectors targeted under the country’s strategy for economic recovery (Republic of Kenya, 2003). This study probed the influence of technological, product and process innovations on growth of garment manufacturing industries in Nakuru. Stratified random sampling and purposive sampling techniques were employed in deriving the study sample. Data was collected using structured questionnaires and analyzed using descriptive statistics with the aid of Statistical Packages for Social Scientist (SPSS 20). This study was able to establish a strong link between innovation and growth of businesses and recommends that the Kenyan government should establish close links with SMEs in the garment manufacturing industries to encourage innovative strategies that will enable the sector to expand.
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Cant, Michael Colin, Jan Wiid, and Catherine Mpolokeng Sephapo. "Key Factors Influencing Pricing Strategies For Small Business Enterprises (SMEs): Are They Important?" Journal of Applied Business Research (JABR) 32, no. 6 (November 2, 2016): 1737. http://dx.doi.org/10.19030/jabr.v32i6.9820.
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Price is a critical component for any business and can be crucial in the survival of the business. If the price is not set in line with the selected target market it can negatively impact on the product and the company’s profitability. The main goals of any profit seeking organisation is to make a profit and in order to achieve this goal all areas related to the management of the product, costs and the setting of the price need to be managed correctly. The primary aim of this study was therefore to investigate the factors considered by small business enterprises (SME’s) when developing their pricing strategies. To address this problem adequately, the research methodology was based on the primary data collected from South African SMEs. As SME’s show common traits all over the world, it is accepted that any findings will be universally applicable. A questionnaire was distributed to 88 SMEs to gather relevant data regarding factors considered when determining prices. The data was quantified and analysed by examining the frequency of occurrences and the importance of the problem. The study found that SME’s generally agree that price setting is influenced by competitor information and macro environmental factors such as fuel prices and inflation. There was a general agreement amongst the SME’s that consumers relationships and the benefits that they, the consumers enjoy form the product as well as product performance are important aspects to consider when determining prices.
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Naradda Gamage, Sisira Kumara, EMS Ekanayake, GAKNJ Abeyrathne, RPIR Prasanna, JMSB Jayasundara, and PSK Rajapakshe. "A Review of Global Challenges and Survival Strategies of Small and Medium Enterprises (SMEs)." Economies 8, no. 4 (October 2, 2020): 79. http://dx.doi.org/10.3390/economies8040079.
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Economic globalization has created many challenges for small and medium enterprises (SMEs) due to the rapid increase in competition. Therefore, the downfall rate of SMEs is relatively high, a short period after their commencement. Accordingly, SMEs need to adopt survival strategies and strategic methods to succeed in confronting the various global challenges faced by the SME sector. This study critically examined the existing literature on global challenges for SMEs to understand the SMEs’ survival and successive mechanisms in the present competitive business background. Published information related to the field by the multilateral institutions and 110 research papers published by four recognized publishing companies, i.e., Emerald, Elsevier, Taylor and Francis, and MDPI, were chosen for this study. The review revealed the critical global challenges for SMEs within the context of economic globalization. They are the global market competition, global finance and economic crises, information communication technology, the emergence of multi-national corporations, transnational corporations, consumer changes and especially their preferences, trade dumping, international terrorism, and religious conflicts and trade wars. Furthermore, the study considered the survival strategies of SMEs in the industrial platform to recognize sustainability-related policies, specifically, the necessity for a robust theoretical examination on the survival strategies of SMEs in the field of global challenges.
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Chisasa, Joseph. "Survival strategies for SMEs in hyperinflationary environments: Lessons from SMEs in Harare central business district." Corporate Ownership and Control 10, no. 4 (2013): 153–61. http://dx.doi.org/10.22495/cocv10i4c1art1.
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Lack of credit led to the failure of many Small to Medium Enterprises (SMEs) in Zimbabwe from 2005 to 2009 when inflation peaked at 231 million percent. The article attempted to determine how SMEs survived during this period. Survey data collected from 120 SMEs in Harare was analyzed using descriptive statistics. Results show that SMEs encountering credit constraints use illegal strategies such as hoarding of stock and converting cash sales to stable currencies in the black market. The article demonstrates that policy makers should create a stable operating environment in order to benefit from SME participation in the economy.
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Ringvee, Ringo. "Survival Strategies of New Religions in a Secular Consumer Society." Nova Religio 20, no. 3 (February 1, 2017): 57–73. http://dx.doi.org/10.1525/nr.2017.20.3.57.
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In this article, I argue that in contemporary neoliberal consumer societies, traditional religious missionizing activity is superseded by religious branding and marketing. An example of this at a national level is Estonia, a small secular society in Europe where the majority of the population defines itself as religiously unaffiliated. Over the last quarter-century, Estonia has been characterized by neoliberal reforms and governance and has seen the creation of a religious or spiritual marketplace. I examine three strategies for survival in this marketplace by using three examples: a native Neopagan association with legal status as a religious association; a Kriya Yoga community with legal entity status as a non-profit association; and a Neo-Tantric organization with legal entity status as a regular business enterprise. I show that despite the differences in their approaches, each case shows how branding and marketing are increasingly important for new religious groups seeking to establish a successful presence in contemporary neoliberal consumer society.
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Addae-Boateng, Samuel, and Smile Gavua Dzisi. "Innovation enhancement in family business SMEs in Ghana." International Journal of Innovation Science 8, no. 4 (December 5, 2016): 388–403. http://dx.doi.org/10.1108/ijis-07-2016-0014.
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Purpose Family businesses are essential for economic growth and development through new business start-ups (entrepreneurship) and growth of existing ones. As competition is fierce, the ability of a company to buoy up its business practices and exceed its own – and its competition’s – expectations through innovation – is critical to survival. In managing family businesses (mostly small and medium-sized enterprises [SMEs]) in the current globally competitive landscape, entrepreneurs must be creative and behave in ways that galvanize workers to be innovative. This study attempts to ascertain the strategies management adopt to heighten innovation in family businesses. Design/methodology/approach Both qualitative and quantitative techniques were used for gathering and analysing data based upon which conclusions were drawn. Findings The study revealed that seven factors should be assessed by SMEs that are family firms to determine the innovative ideas that are promising to be pursued, which are the uniqueness of the idea, its market potential, cost, expert advice, the impact of both current and future environmental forces, availability of raw materials and supplies and the idea’s future appeal. Originality/value This is perhaps the first detailed study of strategies that could be adopted by entrepreneurs and/or managers to heighten innovation in small and medium family firms, which also points out the factors/criteria used to determine which initiatives have higher chances of success – hence deserving to be pursued.
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Tang, Li, Philip Shapira, and Yu Meng. "Developing an innovative materials enterprise in China: a nanotechnology small business case study." Chinese Management Studies 8, no. 2 (May 27, 2014): 201–17. http://dx.doi.org/10.1108/cms-02-2014-0035.
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Purpose – This paper aims to explore pathways and issues of small business technological commercialization in China, probing the particular characteristics of the Chinese context and the ways in which innovation frameworks, institutions and business strategies are embedded. Design/methodology/approach – The authors examine in detail the case of an innovative Chinese indigenous small firm engaged in innovative nanotechnology materials development. The strategies and push- and pull factors underlying the company’s innovation practices were investigated. The proposition that the institutional relationships formed to secure access to research expertise and aid business survival also influence the ways in which technology is commercialized was explored. Findings – It was found that while technological development is company-driven, it is also highly connected to regional innovation structures and networks. This stimulates a “spin-in” rather than a university-led model of development, as this small firm embeds its technology and business development strategies in conjunction with partner organizations. Broader management and policy implications are discussed. Originality/value – While China has rapidly expanded scientific research in emerging technologies such as nanotechnology, commercialization through the development of entrepreneurial technology-oriented small companies faces a series of challenges. New enterprises in the emerging area of nanotechnology encounter problems of technology transfer and intellectual property management, capital acquisition, market uncertainty and constrained access to global markets.
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Soares, José Antonio, André Luiz Baptista Galvão, Lucas Vinicius Shigaki de Matos, Julia Cestari Pierucci, Katia Denise Saraiva Bresciani, and Nadia Kassouf Pizzinatto. "Marketing strategies in small animal clinical practice." International Journal of Pharmaceutical and Healthcare Marketing 11, no. 3 (September 4, 2017): 235–47. http://dx.doi.org/10.1108/ijphm-12-2015-0057.
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Purpose Marketing strategies can be used to leverage business in the service sector, specifically in veterinary medicine; among other benefits, it can make a difference in satisfaction and consequent customer loyalty. Marketing should be used with ethics and professionalism due is one administration area that contributes to effective management in the continuous pursuit of quality in the provision of services and demonstrate that veterinary clinics have much to gain if managed with support of marketing strategies. This paper aims to analyze the applicability of marketing strategies in the management of small animal clinics, such as guidelines to the entrepreneurs of this services sector. Design/methodology/approach Marketing literature is plentiful in proposing alternative strategies, whether focused on the achievement and loyalty of customers, whether to raise the competitiveness of an organization or simply to its survival in the market. In this study, some marketing strategies were selected, on secondary data research, in theoretical framework, to investigate their application in the practice of veterinary medicine. This study emphasizes promotional strategy toward communication with the market and construction of organizational image, using public relations as marketing strategy. Findings The use of marketing strategies is recommended in the management of small animal clinical practice, especially with respect to the high customer satisfaction by streamlining the procedures and optimizing veterinary services provision. Originality/value This study is different because it proposes an integrated system of management techniques in veterinary organizations, which will lead to better efficiency of attendance, adding value to the service provided and generating greater profitability for the organization, which positively reflects on the economic point of view and for the image of the company and its professionals, providing a better quality of life for both clients and their pets.
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Parthasarathy, Madhavan, Jiban Khuntia, and Rulon Stacey. "Impact of Remote and Virtual Care Models on the Sustainability of Small Health Care Businesses: Perceptual Analysis of Small Clinics, Physician Offices, and Pharmacies in Colorado." Journal of Medical Internet Research 23, no. 2 (February 25, 2021): e23658. http://dx.doi.org/10.2196/23658.
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Background Lockdowns and shelter-in-place orders during COVID-19 have accelerated the adoption of remote and virtual care (RVC) models, potentially including telehealth, telemedicine, and internet-based electronic physician visits (e-visits) for remote consultation, diagnosis, and care, deterring small health care businesses including clinics, physician offices, and pharmacies from aligning resources and operations to new RVC realities. Current perceptions of small health care businesses toward remote care, particularly perceptions of whether RVC adoption will synergistically improve business sustainability, would highlight the pros and cons of rapidly adopting RVC technology among policy makers. Objective This study aimed to assess the perceptions of small health care businesses regarding the impact of RVC on their business sustainability during COVID-19, gauge their perceptions of their current levels of adoption of and satisfaction with RVC models and analyze how well that aligns with their perceptions of the current business scenario (SCBS), and determine whether these perceptions influence their view of their midterm sustainability (SUST). Methods We randomly sampled small clinics, physician offices, and pharmacies across Colorado and sought assistance from a consulting firm to collect survey data in July 2020. Focal estimated study effects were compared across the three groups of small businesses to draw several insights. Results In total, 270 respondents, including 82 clinics, 99 small physician offices, and 89 pharmacies, across Colorado were included. SRVC and SCBS had direct, significant, and positive effects on SUST. However, we investigated the effect of the interaction between SRVC and SCBS to determine whether RVC adoption aligns with their perceptions of the current business scenario and whether this interaction impacts their perception of business sustainability. Effects differed among the three groups. The interaction term SRVC×SCBS was significant and positive for clinics (P=.02), significant and negative for physician offices (P=.05), and not significant for pharmacies (P=.76). These variations indicate that while clinics positively perceived RVC alignment with the current business scenario, the opposite held true for small physician offices. Conclusions As COVID-19 continues to spread worldwide and RVC adoption progresses rapidly, it is critical to understand the impact of RVC on small health care businesses and their perceptions of long-term survival. Small physician practices cannot harness RVC developments and, in contrast with clinics, consider it incompatible with business survival during and after COVID-19. If small health care firms cannot compete with RVC (or synergistically integrate RVC platforms into their current business practices) and eventually become nonoperational, the resulting damage to traditional health care services may be severe, particularly for critical care delivery and other important services that RVC cannot effectively replace. Our results have implications for public policy decisions such as incentive-aligned models, policy-initiated incentives, and payer-based strategies for improved alignment between RVC and existing models.
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Rajagukguk, Zantermans. "KARAKTERISTIK KEWIRAUSAHAAN PENGUSAHA KECIL PAKAIAN JADI DI DEPOK, DAN PROSPEK USAHA DI MASA DEPAN." Jurnal Kependudukan Indonesia 11, no. 1 (January 20, 2017): 49. http://dx.doi.org/10.14203/jki.v11i1.67.
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To increase the numbers of entrepreneurs in Indonesia, the existence of small-scale apparel businesses in the township Bulak Timur, Depok becomes fascinating, as they naturally emerge and evolve, as well as face various problems with their abilities. However, lately, there are some concerns about whether they would be able to survive. Therefore, this article aims to identify the characteristics of small-scale apparel entrepreneurs in Bulak Timur, Depok City to understand their strengths, weaknesses, opportunities, and challenges that they experience. The results would then be formulated as strategies and conveyed to both business players and government. Respondents were selected using a simple random sampling by the number of 32 entrepreneurs (25% of the population). Primary data were collected using a survey method through face-to-face interview techniques, with the help of questionnaires and in-depth interview based on interview guidelines. Data collected was processed and analyzed by using descriptive statistics. The results of this study concluded that apparel entrepreneurs in Depok still have many weaknesses rather than strengths, which led to a lower value of their entrepreneurial characteristics. In addition, there are still many barriers faced in the development of entrepreneurship in Depok, including government policies and program that were not optimal. Further efforts must be made to grow small-scale businesses with high-value entrepreneurial characteristics in Depok. First, small-scale entrepreneurs should strive to build and enhance their entrepreneurial characteristics. They must also understand and implement survival management. Second, Depok City Government should provide support among other things by increasing business incubator and training on business management, including survival management; draw up a blueprint of small-scale businesses to prevent unfair competition, which can also be used as material to develop technopreneurship.
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Mpele Lekhanya, Lawrence. "Business characteristics of small and medium enterprises in rural areas: a case study on southern region of KwaZulu-Natal province of South Africa." Problems and Perspectives in Management 14, no. 3 (July 29, 2016): 108–14. http://dx.doi.org/10.21511/ppm.14(3).2016.11.
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This paper reports on the small and medium enterprises (SMEs) business characteristics in rural places of Southern KwaZulu-Natal (KZN) province. It was intended to identify and discuss the various characteristics and the implications they have on the survival and growth of rural enterprises. The study was conducted in five areas (uMuziwabantu, Ubuhlebezwe, Sisonke, Zingolweni and uMzimkhulu) Southern Region of KZN province. The sample consisted of 127 SMEs owners/managers operating in the selected areas using a quota sampling method, with respondents completing a five-point Likert scale questionnaire with the assistance of an interviewer. The findings indicated that most employees within the business are unskilled; the business operations are run by using modern facilities; most of business investment strategies are hindered by a lack of finance; and the local market is very small in selling rural SMEs’ products. SPSS (23.0) version was used for data analysis. The findings presented in the figures and tables. Statistical analysis revealed that business characteristics of SMEs in rural were tested and found to be significant (P = .000*). The paper will be useful tool for the policy-makers, business financial support institutions, and business stakeholders, government policy agencies in underlining a new way to consider future growth of SMEs in rural places, to understand challenges properly and to adjust growth strategies for the remote and under-developed areas. Most work has been focusing on SMEs in the urban and metropolitans areas with less emphasis on the rural SMEs with specific reference to KZN. The findings are limited by the quantitative nature, small sample and exploratory study. Therefore, generalization of these results should be done with care and more research with larger samples extended to other provinces is highly recommended
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Baporikar, Neeta, and Mukund Deshpande. "Strategies to Mitigate COVID-19's Impact on Indian SMEs." International Journal of Political Activism and Engagement 8, no. 3 (July 2021): 1–16. http://dx.doi.org/10.4018/ijpae.2021070101.
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SMEs are small firms with small budgets, workforces, and scales of operations compared to large enterprises, and their risk-bearing ability is low. The recent outbreak of COVID-19 paralyzed these SMEs creating severe financial crises and threats to survival. Small firms already face a variety of challenges in their normal course of business while the spread of the virus has suddenly turned down the situation into an emergency for them. COVID-19 stalled the movement of the employees owing to the evolution of severe public health issues, and many SMEs shut down due to fear of the pandemic. Due to this scenario, all SME owners are keen to know more about the measures and strategies that could be implemented to mitigate the negative impact. Hence, adopting an exploratory approach with systematic literature review, this paper deliberates on how these issues can be addressed through a robust and well-drawn policy and discusses the mitigation strategies that will aid in softening the blow due to this pandemic and also helps in the resurgence of SMEs at a faster rate.
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Alves, Alex da Silva, Antonio José Junqueira Botelho, and Virgínia Duarte. "Business Modeling and Public Policy in High-Tech Industries: Exploratory Evidences from Two Brazilian Semiconductor Support Programs." International Journal of Innovation and Technology Management 15, no. 04 (July 23, 2018): 1850031. http://dx.doi.org/10.1142/s0219877018500311.
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This paper adopts an exploratory analysis based on a multiple case study to investigate the interplay of Small and Medium Enterprises (SMEs) business modeling strategies and Science, Technology and Innovation (STI) policies in a mid-income country efforts to develop a national semiconductor industry. Specifically, we analyze how 22 Brazilian SMEs supported by two comprehensive federal programs designed and implemented business models and strategies in an attempt to, on the one hand, meet the scope and timing of public funding resources and, on the other hand, develop capabilities to enter the industry’s global value chain. Drawing on a wide body of literature and on the evidence collected, we identified and categorized the firms’ business models into five groups: Pure Play IP, Pure Play Design, Fabless, Fabless Plus and Captive. We then analysed the firms’ within the specificities of each group. The paper shows that, in addition to business models and strategies oriented to meet short-term survival needs, the financial benefits for firms were low and unstable, with recurrent and unresolved frictions between policy-makers, planners and firms.
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RASOULI GHAHROUDI, MEHDI, and YASUO HOSHINO. "ESTABLISHMENT, SURVIVAL, SALES GROWTH AND ENTRY STRATEGIES OF JAPANESE MNCs SUBSIDIARIES IN INDIA." Journal of Developmental Entrepreneurship 12, no. 04 (December 2007): 433–47. http://dx.doi.org/10.1142/s1084946707000745.
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This empirical study explores first the relationship between operating years and entry strategies based on wholly-owned and joint venture companies. Second, we examine the effects of equity ownership, size, entry strategy and subsidiary age on the sales growth ratio and the subsidiary's survival. Our findings show that in recent periods, the multi-national companies (MNCs) prefer to acquire high levels of equity ownership, including full ownership subsidiaries, especially when the subsidiary is in the manufacturing industry. Our results imply that capital, the age of the venture, the number of employees and full equity ownership affect survival. Finally, we find that subsidiaries with a small number of employees are likely to have a superior sales growth ratio and are more likely to survive.
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Grove, Hugh, Maclyn Clouse, and Tracy Xu. "COVID reflections on corporate governance." Corporate Governance and Sustainability Review 5, no. 1, Special Issue (2021): 94–106. http://dx.doi.org/10.22495/cgsrv5i1sip1.
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The COVID-19 global pandemic has created unique and far-reaching impacts on corporations. Given the essential oversight role of boards of directors, it becomes critical for them to develop strategies as their companies respond to the challenges and risks under these unprecedented circumstances. This paper applies corporate governance principles and action plans for boards to help their companies survive this crisis and build sound business prospects both in the short run and long run. For immediate company survival, this paper encourages boards of directors to focus on short-term liquidity and employ five principles for COVID cash management as proposed in Gifford (2020), including detailed forecasting, setting spending priorities, initiating early communication, shortening reporting cycles, and planning for low cashpoints. Since liquidity does not equate to solvency for company survival, boards of directors also need to focus on long-term solvency by monitoring the new normal of business strategies, including the high likelihood of insolvency among small businesses and mixed solvency situations among large corporation. In addition, this paper identifies the key opportunities for the boards of directors to exploit and strengthen corporate governance during this pandemic period, including advocating a COVID disaster recovery plan with best practices, developing an emergency response checklist, establishing efficient disaster responses, and bolstering monitoring mechanisms for employees, operations, finances, customers, and supply chains (Butcher, 2020). The major sections of this paper are current COVID reflections, a case study of the Hertz Corporation, future COVID reflections, business strategies for the new normal, COVID cash management principles, COVID threats to corporate governance, COVID opportunities for corporate governance, and conclusions
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Zueva, E. L., and M. A. Girny. "Survival strategies of population in a single-industry town." Regional'nye issledovaniya, no. 4 (2019): 130–42. http://dx.doi.org/10.5922/10.5922/1994-5280-2019-4-11.
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The article presents the results of a study of survival strategies of the population in a single-industry town using the example of Chusovoy (Perm Krai). Single-industry towns perform a special role in the economic development of regions and the country in general. The authors have identified the most common survival strategies and the adaptation of the population to the socio-economic situation in a single-industry town. The results of the study indicate that the standards of living in these settlements are relatively low. Measures are currently taken to diversify the economy of single-industry towns and to create new industries and conditions for the development of small and medium-sized businesses and to stabilize employment. It is important to understand the impact of all the mechanisms used. The authors highlight the importance of the current social strategies for adapting to life in a single- industry town. This analysis of Chusovoy showed the need to develop recommendations to speed up the development of the territory, to reduce the shortcomings in the implementation the TOSER conception (territories of advanced social and economic development), to elaborate other mechanisms for assisting single-industry towns. Taking into account the current survival strategies of the population, it is possible to improve the effectiveness of the implementation of supports mechanism for single-industry towns.
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Purnomo, Boyke Rudy, Rocky Adiguna, Widodo Widodo, Hempri Suyatna, and Bangun Prajanto Nusantoro. "Entrepreneurial resilience during the Covid-19 pandemic: navigating survival, continuity and growth." Journal of Entrepreneurship in Emerging Economies 13, no. 4 (August 4, 2021): 497–524. http://dx.doi.org/10.1108/jeee-07-2020-0270.
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Purpose This study aims to explore how small and medium-sized enterprises (SMEs) in Indonesia display resilience in response to the Covid-19 pandemic. Design/methodology/approach A qualitative research design was used, which involved semi-structured interviews on five creative industry-based businesses in Yogyakarta, Indonesia. A narrative inquiry approach was used to obtain an in-depth understanding of SMEs’ resilience. The data obtained were analyzed using thematic analysis via MaxQDA 2020. Findings The Covid-19 pandemic triggered the emergence of both new opportunities and new constraints for SMEs. These, in turn, significantly interrupt their business model. SMEs are found to navigate survival, continuity and growth by drawing from their resourcefulness and firm-level strategies to cope with the new opportunities and constraints. Research limitations/implications This study was conducted qualitatively based on five SMEs in the creative industry in Indonesia. This limits the ability to compare the findings across different economic sectors. Practical implications SMEs facing emergent constraints may need to find new ways to recombine existing resources and simultaneously seek to innovate their business model. Business owners and entrepreneurs should adopt a positive mindset such as optimism, perseverance and efficacy, to cope with adversity. Growth-oriented SMEs may make use of a competitive mindset such as flexibility, speed and innovation, to spot and exploit opportunities that emerge from the crisis. Social implications SMEs’ resilience should be understood not only in terms of economic survival and continuity but, more deeply, about their social contribution to the localities where they operate. Originality/value This study illustrates the process of how adaptive resilience is adapted and executed by SMEs. It also contributes to entrepreneurial resilience and resourcefulness literature by explaining how entrepreneurs anticipate, respond to and leverage from the crisis.
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Mambula, Charles Jabani. "Relating External Support, Business Growth & Creating Strategies for Survival: A Comparative Case Study Analyses of Small Manufacturing Firms (SMFs) and Entrepreneurs." Small Business Economics 22, no. 2 (March 2004): 83–109. http://dx.doi.org/10.1023/b:sbej.0000014450.16699.c6.
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Rahmi, Vembri Aulia, Hadi Ismanto Ismanto, and Muhammad Zainuddin Fathoni. "PENDEKATAN BISNIS BUMDES BERKEMAJUAN DI KONDISI WABAH PANDEMI COVID’19." Jurnal Riset Entrepreneurship 3, no. 2 (August 30, 2020): 90. http://dx.doi.org/10.30587/jre.v3i2.1730.
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The impact of the Covid'19 pandemic outbreak rocked almost more than half of the world economy. In fact, many large world-class companies have suffered losses. This study seeks to describe the survival capacity of village economic institutions in supporting the economic welfare of small entrepreneurs during the pandemic that hit the country. Qualitative descriptive is used as the method of this research. The results of the study explain that BUMDes are able to survive in running the economy during a pandemic through certain business approaches, such as: changing the marketing method for village products, designing new business strategies, arousing entrepreneurial spirit, and improving service quality. Thus it can be concluded that BUMDes was able to anticipate problems in business management during the Covid'19 pandemic
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Papadopoulos, Ioannis, Glykeria Karagouni, Marios Trigkas, and Zoi Beltsiou. "Mainstreaming green product strategies." EuroMed Journal of Business 9, no. 3 (August 26, 2014): 293–317. http://dx.doi.org/10.1108/emjb-12-2013-0058.
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Purpose – The purpose of this paper is to explore the viability of the ecological furniture niche markets in Greece and Cyprus. More specifically, the authors investigate the current demand on ecological furniture, business strategy and planning in introducing eco-furniture products in Greek and Cypriot market. Finally, particular emphasis lays on the analysis of the barriers regarding decision making of Greek and Cypriot enterprises in order to incorporate ecological furniture into their current activities. Design/methodology/approach – Based on three distinguished hypotheses, the study seeks to draw attention to the critical factors which will impact decision making on such products development within the severe crisis. Using a prototype questionnaire, specifically structured for the aim of the research, the authors collected data from 36 Greek furniture enterprises, 25 Cypriot ones and 24 sectoral experts and relevant institutes in Greece and Cyprus. The questionnaires were selected in 2012, which were further elaborated and statistically analyzed with SPSS ver 17.0 after they were tested for their content and construct validity, managing to verify the hypotheses. Findings – The study reveals an increasing sensitivity for environmental issues and an effort to combine it with the emergent green markets. Green strategies can lead to significant competitive advantages for Greek and Cypriot furniture firms, especially after the recovery of the long-lasting recession. Furniture manufacturers believe that environmental issues are tightly related to consumer behaviors and social image, expose a real interest for the environment and consider green strategies as a major way to differentiate. The firms of the sample focus on raw material and processes adapted to suit environmental requirements. On the other hand, these issues constitute major barriers to apply such strategies together with business risk and the lack of knowledge regarding the requirements of environmental sustainability. Research limitations/implications – The research bears certain limitations such as the sample size and the fact that results are based mainly on perceptions of entrepreneurs/managers. Thus, there are certain questions on objectivity and generalizability. Furthermore, the market aspect is examined through the lens of the entrepreneurs and experts and not the consumers themselves. Practical implications – The present research explores the why and how furniture companies turn green constituting a useful basis to encourage close collaborations of companies to academia, design and research centers introducing eco-friendly practices and relevant innovations. It contributes to the field of sustainable entrepreneurship and the micro-level understanding of micro- and small companies’ reaction to this phenomenon focussing on the furniture industry. It can act as a catalyst toward the development of extensive networking among the furniture sector in both countries, which assists the diffusion of information as well as of a pertinent culture on eco-products and the development of new business models in the sector. Social implications – A major contribution is that it can constitute a useful basis for policy makers at governmental and institutional level in both Greece and Cyprus to propose solutions to critical issues such as sector survival, crisis – survival, unemployment, along with environmental care and awareness. It can further encourage close collaborations of companies to academia, design and research centers for the sustainable development of the sector through eco-friendly practices and relevant innovations. Originality/value – The research is the first to question the significance of eco-conscious strategies for furniture firms at national level in Greece and Cyprus. It seems that it has indirectly contributed to eco-furniture culture development, since it has caused a fruitful brainstorming among sectoral entrepreneurs and offers solutions to the existing “cul-de-sac.”
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Sanusi, Abdullah, and Julia Connell. "Non-market strategies and Indonesian SMEs: casualties of decentralisation?" Asia-Pacific Journal of Business Administration 10, no. 2/3 (June 4, 2018): 200–217. http://dx.doi.org/10.1108/apjba-01-2018-0001.
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Purpose The purpose of this paper is to examine the non-market strategies adopted by government-contracted small and medium enterprises (SMEs) in order to address the challenges they faced in the business of procurement. Although SMEs are important contributors to employment and the national economy, they demonstrated different levels of effectiveness depending on the management strategies they adopted. Design/methodology/approach Using case study methodology, data were gathered by conducting interviews with the owners/managers of Indonesian SMEs. Findings were analysed using the (ia)3 framework developed to assist the understanding of non-market environments. Findings Findings indicated that a key characteristic of the Indonesian non-market environment was the influence of the government and Indonesian society. This led to differing degrees of dissatisfaction among SME owners and managers who reported that they had to work within a number of constraints for business survival, while simultaneously learning how to “play the games” demanded by the business and regulatory environment. Research limitations/implications Limitations relate to the number of empirical cases represented and the geographical area covered. Further research is recommended in order to provide the opportunity for research generalisation. Practical implications These findings illustrate the need for transparency and integrity in the procurement process in relation to Indonesian SMEs. It is proposed that SMEs in similar sectors may benefit from forming strategic alliances/industry clusters to support future knowledge sharing and promote their collective voice. Originality/value To date, studies on non-market strategies have largely focused on developed countries and large firms. Consequently, this paper goes some way towards bridging the gap in the non-market environment in developing countries concerning SMEs and potential strategies for adoption.
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Amoah, John, Abdul Bashiru Jibril, Bayuasi Nammei Luki, Michael Amponsah Odei, and Charles Yawson. "BARRIERS OF SMES’ SUSTAINABILITY IN SUB-SAHARAN AFRICA: A PLS-SEM APPROACH." International Journal of Entrepreneurial Knowledge 9, no. 1 (June 30, 2021): 10–24. http://dx.doi.org/10.37335/ijek.v9i1.129.
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Undoubtedly, entrepreneurial knowledge is a prerequisite for the survival of every business organization. To this, the contribution of Small and Medium Enterprises (SMEs) in the socio-economic development in most developing economies cannot be underestimated. Both developed and developing countries are living testimonies of their contributions to their nation’s growth and development. However, extant literature shows that as competition and innovation intensify in the global business market, many SMEs in developing countries are constrained by external forces that hinder the sustainability of these businesses. Hence, this paper aims to find out the mitigating factors warranting SMEs’ sustainability from the viewpoint of entrepreneurs and business owners, particularly in the manufacturing sector of Ghana, a Sub-Saharan Africa region. To achieved this objective, the study deployed a simple random sampling technique with 370 valid responses through a structured questionnaire for the analysis. Relying on PLS-SEM (partial least square and structural modeling) with the aid of ADANCO 2.2.1 software version revealed that factors such as financial challenges, technology; market penetration & acceptability; and research & development are barriers facing SMEs sustainability in the Ghanaian manufacturing sector. This study would be beneficial to entrepreneurs and business owners of SMEs in most developing countries and provide deeper insight into the SME literature at large. This study would further strengthen SME entrepreneurs and business owners to fully devise strategies that can help them to override such migrating challenges and equipped them to effectively stay competitive in the long term for the firm’s growth and survival. The limitation and future research directions are equally presented in the paper.
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Lebusa, Malefane Johannes. "The prospects of making small retail outlets in the Townships aggressively competitive." Southern African Journal of Entrepreneurship and Small Business Management 6, no. 1 (December 31, 2013): 75. http://dx.doi.org/10.4102/sajesbm.v6i1.34.
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<p>Historically, township Small Retail Outlets were mostly established for survival and operated under a generally closed market system where the competition was not very strong. However, with the advent of democracy many people lost their formal income through retrenchments and out of desperation, many of these people opened Small Retail Outlets thus most of the existing and new entrants into the township market were unskilled or semiskilled labourers with little or no formal skills in business or entrepreneurship. Such efforts were rarely guided by any specific and informed strategy of identifying and exploiting a gap in the market. With the consolidation of the free market system under democracy, big brand businesses such as Shoprite Checkers and Small Retail Outlets of foreign nationals with different strategies entered and competed in this township market. With fewer formal skills in business and entrepreneurship, the owners of the Small Retail Outlets struggled to compete and thrive under these relatively new economic conditions. Given this situation, I conducted semi-structured interviews with fifteen of these traditional Small Retail Outlets to find out and better understand the challenges they face and the skills that might be needed to aggressively compete in this space. Based on these findings and understandings, I further examined these issues and suggest infusions of specific entrepreneurship skills that could develop their aggressive competitiveness.</p><p><strong>Keywords:</strong> entrepreneurship, competitiveness, small retail outlets, shopping complexes, innovation</p>
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Villares-Varela, María, Monder Ram, and Trevor Jones. "Bricolage as Survival, Growth and Transformation: The Role of Patch-Working in the Social Agency of Migrant Entrepreneurs." Work, Employment and Society 32, no. 5 (May 17, 2018): 942–62. http://dx.doi.org/10.1177/0950017018768203.
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This article examines the patch-working strategies of migrant entrepreneurs as a form of social agency. ‘Patch-working’ – the reliance on supplementary forms of income to support business activity – is often seen as a means of cushioning the financial vulnerability of small firms. However, the mechanisms and forms that patch-working takes tend to be overlooked. Evidence from 42 West Midlands’ firms shows that, despite the highly constrained operating environment, the exercise of social agency can help to cushion against disadvantage and to rework their current conditions through patch-working. This allows for business growth, and even transformational growth in some cases, rather than sheer survival. Even so, our findings show that the agency of migrant entrepreneurs brings about only minor improvements in revenue and is certainly not capable of fundamentally changing either the nature of the sector or the structure of the labour market in which they are embedded.
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Setiawan, Heri Cahyo Bagus, and Beni Dwi Komara. "THE ALTERNATIVE BLUE OCEAN STRATEGY: BAGAIMANA STRATEGI PERUSAHAAN INDUSTRI KOPI SANTRI DALAM MENGHADAPI PERSAINGAN BISNIS?" Jurnal Riset Entrepreneurship 3, no. 1 (February 29, 2020): 26. http://dx.doi.org/10.30587/jre.v3i1.1165.
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Companies that can survive in business competition, must use strategies that are oriented to innovative and efficient values by looking at the company resources and capabilities holistically. When the giant coffee industry companies use the red ocean strategy in the expansion of market competition, the small and medium coffee industry companies (MSMEs) such as The Coffee Santri Industry in this study take the alternative blue ocean strategy into a strategic choice. A choice of strategies that do focus differentiation. Formulating the use of the blue ocean strategy by forming a new concept, namely outlet treatment, coffee shop and manufacturing scrubs, aroma therapy and prayer coffee are essential for survival and expansion outside the Red Ocean arena.
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Ahmad, Shabir, Kamran Ahmed Siddiqui, and Hoda Mahmoud AboAlsamh. "Family SMEs’ survival: the role of owner family and corporate social responsibility." Journal of Small Business and Enterprise Development 27, no. 2 (February 28, 2020): 281–97. http://dx.doi.org/10.1108/jsbed-12-2019-0406.
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PurposeThe purpose of this paper is to examine the impact of owner family involvement in business on sustainable survival of family small-to-medium enterprises (SMEs) and to empirically validate the intervening role of corporate social responsibility (CSR).Design/methodology/approachThe authors analyze data from 489 owner and nonowner executives of 150 family SMEs using PLS-SEM (Partial Least Square–Structural Equation Modeling).FindingsThe authors found evidence that family involvement in business positively impacts the sustainable survival of family SMEs while corporate social responsibility partially mediates this relationship. Apart from effective family involvement in business, active involvement in social causes enhances a firm's ability to survive longer.Research limitations/implicationsThis study was conducted in a geographic context and data were collected from family-managed and controlled firms. Further research is needed to generalize the findings to all types of family firms in the global context. In an Islamic society, family firms need to invest in social causes, human development, and environmental sustainability through zakat, sadaqat, and donations.Practical implicationsThe findings imply that family firms require stakeholder-centric competitive strategies and socially responsible behavior along with effective family control, commitment, enrichment, and successful succession since the path to sustainable survival goes through CSR.Originality/valueSurvival is the biggest challenge facing family SMEs forcing them to achieve the ability to sustain longer. Rooted in transaction cost economics (TCE) theory of the family firm and stakeholder theory, this paper validates an integrative model for family SMEs' sustainable survival.
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Makhitha, K. M. "Do small craft businesses need strategic marketing to survive?" Investment Management and Financial Innovations 13, no. 2 (July 14, 2016): 399–404. http://dx.doi.org/10.21511/imfi.13(2-2).2016.15.
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The purpose of this paper was to determine if small craft producer businesses need strategic marketing to survive. Existing literature on strategic marketing and the craft industry in South Africa (SA) was used to answer the following question: do small craft businesses need strategic marketing to survive? Since craft producers lack access to the market, they face major challenges in marketing their products successfully. Secondary research was used to determine the need of strategic marketing by craft producers in SA. Strategic marketing is crucial since craft producers must research changes developments taking place in the market and to be able to develop an appropriate marketing strategy to sustain their businesses. This will enable craft producers to identify customers and to formulate an appropriate marketing strategy to reach their chosen target market. The research revealed it enables them to identify customers and to formulate an appropriate marketing strategy to reach their chosen target market. The study revealed that craft producers do need strategic marketing to survive in South Africa
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Zilber, Silvia Novaes, Emerson Antonio Maccari, José Vicente Carneiro Filho, and Jouliana Jordan Nohara. "Succession in Family Businesses and its Impact on Business Strategy: Case Studies in the Corporate Sector of Medical Product ManufacturersHttp://Dx.Doi.Org/10.5585/Riae.V9i3.1691." Revista Ibero-Americana de Estratégia 9, no. 3 (January 28, 2011): 88–111. http://dx.doi.org/10.5585/ijsm.v9i3.1691.
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In a highly competitive market, the demands for new market positioning, redefinition of objectives and innovative concepts of business management make increasingly prominent leading companies define their competitive strategies to ensure long-term survival. An occurrence in the life of a business that can affect the strategy in companies, particularly characterized as family-run businesses, is the succession process, and the consequences that may result from this process require adaptive management in times of change. Therefore, the purpose of this study is to clarify how the succession process occurs in small and medium-sized enterprises, characterized as family businesses. To this end, we studied three companies in the same sector of the economy, specifically, medical and dental product manufacturers within the industrial sector, using an exploratory method through case studies. Studies revealed coincident points in the three companies, the most striking being the occurrence of succession occurring by removal of the founder, whether for medical reasons or by death. We also address the issues concerning lack of a more elaborate planning for the succession process. The most significant changes were observed in the organizational structure of enterprises in the immediate aftermath of the founder’s succession, when businesses undertook a new dynamic.
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Dlamini, Banele. "Determinants of Tax Non-Compliance among Small and Medium Enterprises in Zimbabwe." Journal of Economics and Behavioral Studies 9, no. 4(J) (September 4, 2017): 242–50. http://dx.doi.org/10.22610/jebs.v9i4(j).1837.
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Small and medium-scale enterprises (SMEs) are recognized global for being the backbone of the economy through; economic advancement; innovation, wealth generation and furthering growth. SMEs have a high tax non compliance rate which hinders the development they bring to many economies. This paper aims to establish the major determinants of tax non-compliance among SMEs in the Zimbabwean economy. The survey research design was used and the SMEs operating in the Bulawayo provincewere considered as the sample of the study. The stratified random sampling technique was adopted in eliciting information and questionnaires were administered in the collection of data from the respondents. 187 questionnaires were issued out and 150 were returned. Regression analysis was used to establish the relationship that exists between tax non-compliance and the predictive variables, using SPSS ver. 22. The study revealed that poor follow-up strategy and lack of a tax audit, high tax rates, financial constraints, abuse of public funds by authorities and tax education as the major determinants. SME operators should apply modern business survival strategies so as to counter financial constraints. ZIMRA should maintain a database for SMEs for tax audit purposes; intensify follow-up strategies, increase tax audits and increase tax support services to SMEs. The government should consider reducing tax rates (which are perceived to be too high) as they promote tax evasion and failure among SMEs.
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Dlamini, Banele. "Determinants of Tax Non-Compliance among Small and Medium Enterprises in Zimbabwe." Journal of Economics and Behavioral Studies 9, no. 4 (September 4, 2017): 242. http://dx.doi.org/10.22610/jebs.v9i4.1837.
Full textAbstract:
Small and medium-scale enterprises (SMEs) are recognized global for being the backbone of the economy through; economic advancement; innovation, wealth generation and furthering growth. SMEs have a high tax non compliance rate which hinders the development they bring to many economies. This paper aims to establish the major determinants of tax non-compliance among SMEs in the Zimbabwean economy. The survey research design was used and the SMEs operating in the Bulawayo provincewere considered as the sample of the study. The stratified random sampling technique was adopted in eliciting information and questionnaires were administered in the collection of data from the respondents. 187 questionnaires were issued out and 150 were returned. Regression analysis was used to establish the relationship that exists between tax non-compliance and the predictive variables, using SPSS ver. 22. The study revealed that poor follow-up strategy and lack of a tax audit, high tax rates, financial constraints, abuse of public funds by authorities and tax education as the major determinants. SME operators should apply modern business survival strategies so as to counter financial constraints. ZIMRA should maintain a database for SMEs for tax audit purposes; intensify follow-up strategies, increase tax audits and increase tax support services to SMEs. The government should consider reducing tax rates (which are perceived to be too high) as they promote tax evasion and failure among SMEs.
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Galeano Revert, Ana, José P. García-Sabater, and Cristóbal Miralles Insa. "Triple Bottom-line Business Model. Case study on the organic food retailing." WPOM-Working Papers on Operations Management 9, no. 1 (March 29, 2018): 30. http://dx.doi.org/10.4995/wpom.v9i1.9131.
Full textAbstract:
<p class="Abstract">The present work aims to analyse and identify a triple bottom-line business model of food retailing, in order to show a sustainable, replicable and non-scalable model in the agri-food sector, and to facilitate the development of a feasible market for small size producers-sellers. The methodology used for the business model identification analyses and relates elements and strategies, providing a design graphic for the model, as well as evaluating each triple sustainability dimension. All this following a protocol derived from the methodology of case study research. The case study shows a sustainable, replicable and non-scalable business model that emerges from a strategy defined by a responsible consumption group from a university. Using digital technology for the distribution and sale of products, and sharing capacity with a WISE, a business model is achieved that shortens the food products commercialization channel between producers and consumers, improving economic, social and environmental sustainability. The application of this methodology provides a tool that facilitates the replicability of sustainable business models in the agri-food business context, and allows identifying the level of their sustainability. The incorporation of this business model can contribute to the development of a triple bottom-line food market, whose purpose is to improve the survival of small size producers-sellers given the increasing centralization and globalization of the agri-food economy distribution.</p>
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Pickup, Francine, and Anne White. "Livelihoods in Postcommunist Russia." Work, Employment and Society 17, no. 3 (September 2003): 419–34. http://dx.doi.org/10.1177/09500170030173001.
Full textAbstract:
Discussions of Russian social trends rarely look below the regional level. This article compares livelihoods within Sverdlovsk Region in the year 2000. In the capital city, Yekaterinburg, postcommunism had opened new opportunities for private sector employment and lucrative additional earnings, but chiefly to the benefit of men with higher education and good connections. By contrast, in Achit, the small administrative centre of an agricultural district, most people continued to work in the state sector and there was an acute money shortage. All respondents, including senior professional people, grew their own vegetables. Livelihood strategies were more clearly `survival strategies' in Achit than in Yekaterinburg, where, by contrast, they could in some cases be classed as `accumulation strategies'. Among the Achit sample, livelihood strategies were less clearly gendered than in Yekaterinburg, and it was possible for women to succeed in business. Nonetheless, livelihood strategies in both locations had certain common features, depending heavily on activities other than primary employment, and relying on extended families and networks of friends and work colleagues.
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Šebestová, Jarmila. "Entrepreneurship within health care – a dilemma of identity and profession." Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis 59, no. 7 (2011): 423–30. http://dx.doi.org/10.11118/actaun201159070423.
Full textAbstract:
This paper focuses on specific area of entrepreneurship – health care services. Insufficient commercial business knowledge by the managers of SME health care businesses and a lack of entrepreneurial skills relative to the medical care industry could also be considered barriers to growth or barriers to survival within a crisis environment. An analysis of the strategic elasticity of small a health care organisation could help find an answer to the question of how this specialised business segment, with its multi-faceted sources of finance, might deal with challenges from the external environment and what mixture of strategies might they use to achieve their goals. This will allow the organisations to be proactive with regard to market risk and to construct their own model of behaviour under the four pillars of crisis strategic behaviour – marketing, financial, personal and plan of supply of services. How can one utilise the fundamental planning pillars within health care businesses when the behaviour itself is not predicable? What interactions support the dynamics and adaptability of the business in a positive way? Can different types of stakeholders (or other factors such as business age or interconnections) shed light on developing a better understanding of strategy making in health care services? This paper compares the original options of measurement based on modelling with ROC curves and reflects upon the possible problems of applying this option to the context. A detailed analysis of the data suggest the following results – better understanding about health care management/business and how to strategically guide such businesses in a unique regulatory environment. And answer the question – do physicians make good managers/businesspeople or would it be better for them to delegate this role to an experienced business manager. From a practitioner perspective, the paper will give feedback for entrepreneurial effectiveness in this specialized area of commercial activity.
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Marie, Alain. "Individualization Strategies Among City Dwellers in Contemporary Africa: Balancing the Shortcomings of Community Solidarity and the Individualism of the Struggle for Survival." International Review of Social History 45, S8 (December 2000): 137–57. http://dx.doi.org/10.1017/s0020859000115329.
Full textAbstract:
In urban Africa today, like elsewhere, the purported survival strategies of individuals are determined constantly by severe material constraints. The poor and the new poor are overwhelmingly new city dwellers dependent on precarious, intermittent odd jobs (petits boulots; single women with small children; young school dropouts (déscolarisés, condemned to the expediencies of the streets, illicit actions and, in many cases, delinquency; unemployed graduates (diplomés-chômeurs), without opportunities for paid employment; as well as those designated successively in the vernacular as conjoncturés, déflatés and compressés (i.e. affected by wage reductions, permanent employees downgraded to temporary contracts or casual labour, and workers who have lost their jobs through massive redundancies). These individuals can meet only the most basic needs (eating, feeding their children, paying the rent). When survival becomes an issue, long-term strategies tend to be constrained by the need to fulfil the most basic needs and daily necessities. At any rate, pursuit of this objective does not involve selective mobilization of optimized means, when those who admittedly are looking out for themselves (se cherchent), rummage about (grouillent à droite [et] à gauche), pursue small jobs in unskilled manual labour or portering, or as night watchmen (racolage pour trouver des petits contrats de manoeuvrage, de manutention ou de veilleur de nuit), search constantly for opportunities to sell items that they bought for a little bit less, inland or across the border. They may also try to establish a business or small craft shop and, during the interim, get by with difficulty thanks to sporadic aid from relatives who are also unemployed.