To see the other types of publications on this topic, follow the link: SME business success.
Journal articles on the topic 'SME business success'
Create a spot-on reference in APA, MLA, Chicago, Harvard, and other styles
Consult the top 50 journal articles for your research on the topic 'SME business success.'
Next to every source in the list of references, there is an 'Add to bibliography' button. Press on it, and we will generate automatically the bibliographic reference to the chosen work in the citation style you need: APA, MLA, Harvard, Chicago, Vancouver, etc.
You can also download the full text of the academic publication as pdf and read online its abstract whenever available in the metadata.
Browse journal articles on a wide variety of disciplines and organise your bibliography correctly.
1
Hui Lim, Chin, and Kok Ban Teoh. "Factors influencing the SME business success in Malaysia." Annals of Human Resource Management Research 1, no. 1 (2021): 41–54. http://dx.doi.org/10.35912/ahrmr.v1i1.380.
Full textAbstract:
Purpose: The research aimed to investigate the factors that influence SME business success in Malaysia. Research methodology: This study employed a quantitative research design and used a paper-based online questionnaire to collect data from 100 SME entrepreneurs in Malaysia. Smart PLS 3.2.8 was used to analyse the data collected in this study. Results: The study concluded that the factors of entrepreneurs’ personalities traits and effective marketing have no significant relationship with SME business success, while the strategic planning and management is significantly positive related to SME business success. Limitations: The present study had a small number of respondents to obtain more accurate results. Contribution: The results can be useful to optimise the local SME business performance by presenting the factor that is significantly and positively influencing business success. This study makes a new attempt to demonstrate the effect of strategic planning and management on SME business success in Malaysia. Besides, the research emphasises the importance of implementation of strategic planning and management in SME business to enhance the rate of business success. Keywords: Business success, Malaysia, SME
2
Christopher Weber, Paull, and Louis Geneste. "Exploring gender-related perceptions of SME success." International Journal of Gender and Entrepreneurship 6, no. 1 (2014): 15–27. http://dx.doi.org/10.1108/ijge-04-2013-0038.
Full textAbstract:
Purpose – Small and medium enterprise (SME) research into the meaning and perception of success is now reaching beyond (the somewhat stereotypical) extrinsic success measures such as sales, number of employees, and profit. Researchers now identify the goals and expectations of the owner(s) of a business as central to their likely performance and preferred success metrics. Therefore, this paper aims to overlay perceptions of success and gender to establish whether success is conceptualised in the same way across genders. Design/methodology/approach – The study analyses the responses from 375 male and female SME owners to a range of quantitative success metrics and also explores the responses provided to a number of qualitative questions surrounding the owners' perceptions of success. Findings – Although the average female-owned business in the study is significantly smaller than the average male-owned business, they perform equally well on extrinsic measures that relate outputs (profit) to inputs (assets and hours worked). Further, the female SME owners appear to be more satisfied with both the success of their business and their lifestyle, than their male counterparts. Originality/value – The findings suggest that the social feminists hold sway (men and women have different perceptions of success) and there is value in incorporating a feminine perspective when examining what business owners are looking for from their ventures. That is, measures of SME success need to adopt a person-centered perspective.
3
Bell, Gareth. "Coaching is key to SME success." Development and Learning in Organizations: An International Journal 28, no. 3 (2014): 35–37. http://dx.doi.org/10.1108/dlo-04-2014-0022.
Full textAbstract:
Purpose – The purpose of the paper is to provide an interview with Peter Boolkah. Design/methodology/approach – The paper discusses some of the current issues within the coaching industry. Findings – Boolkah answers questions on coaching philosophy, what attributes make a successful coach and how a business can make the most of a coach’s expertise. Practical implications – Provides insight and advice from a leading industry professional.
4
Msimango-Galawe, Jabulile, and Elona N. Hlatshwayo. "South African business incubators and reducing the SME failure rate – A literature review." Problems and Perspectives in Management 19, no. 2 (2021): 194–205. http://dx.doi.org/10.21511/ppm.19(2).2021.16.
Full textAbstract:
Small business failure is one of the biggest challenges faced by developing countries, and business incubators have been touted as a solution to reducing the failure rate of these small and medium-sized enterprises (SMEs). Thus, the number of business incubators has escalated worldwide, including South Africa. Consequently, significant time has been devoted to researching business incubators and their role in SME success. However, the effectiveness of these incubators is still in question, thus a study is being conducted to determine how effective business incubators are in reducing the failure rate of SMEs.The findings show that there are some improvements in SMEs that have been incubated or supported, but not enough to make a dent on the failure rate at the country level, as the failure rate has stubbornly remained the same. One of the concerning key findings is that there is a misalignment between the goals of business incubators (BIs) and the SMEs’ needs. SMEs are looking for access to finance and access to markets, while BIs are offering office space and other support services. BI and SME goals need to be more aligned if we are to effectively enhance small business development interventions and reduce current failure rates. More empirical research is still needed to measure and quantify the effectiveness of BIs to SME failure rates, as no research has attempted to link a business incubator to both the success of individual SMEs and the country’s SME failure rate.
5
Latifi-Mustafa, Njomza, and Ymer Havolli. "Founders' Education and SME Performance in Kosovo." Journal of Economics and Management Sciences 3, no. 1 (2020): p29. http://dx.doi.org/10.30560/jems.v3n1p29.
Full textAbstract:
This research deals with the professional preparation of the founders of the SME sector in Kosovo, and also aims to present the state of abilities and skills of the founders of SMEs. Also of interest in this research is the analysis of the skills of managers, founders of SMEs, what is their perception regarding the reflection of education in the SME business, namely what is their performance which should be reflected in the success and development of SMEs. The paper therefore aims to analyze the education and reflection of this education on the success of SMEs. Economic and social development in Kosovo, and elsewhere, depends on the success of SME owners and managers. This management structure will be able to move SMEs forward if they have an important factor such as education and experience in the sector where the SME operates. This paper explores the professional background of the founders, the size of the business structure, the experience of the founders in the field where the SME was founded, the age at the time of its establishment, the impact of technology.
6
Kozielski, Robert. "Determinants of SMEs business success – emerging market perspective." International Journal of Organizational Analysis 27, no. 2 (2019): 322–36. http://dx.doi.org/10.1108/ijoa-02-2018-1343.
Full textAbstract:
Purpose The purpose of this paper is to evaluate the role of selected determinants in building business success (comparative analysis between SME sector and large companies). Design/methodology/approach Research conducted among companies operating on the Polish market in 2015. 149 companies from the SME sector and 33 companies from the large companies' sector were submitted to the final analysis. PAPI and CAWI methods were used to collect data. Findings The performed research was an attempt to assess the ability of small and medium companies to compete in hectic times. The research was limited in scope. They however proved that rejecting the partial hypothesis was not possible, and as a result, it was also impossible to reject the main hypothesis according to which organizations, using market success determinants (MK – market knowledge, MO – marketing orientation, LO – learning organization) to a greater extent achieve better market performance (BS – business success). Research limitations/implications It should be noted that the research methodology had its limitations and imperfections. The research was carried out in the PAPI and CAWI market research forms. Standardization of the research method and research process certainly has its advantages. On the other hand, however, it does limit the in-depth observation. Linking the results of the SME sector survey to the large company sector remains inconclusive. Probably, because of the small size of the sample, the analyzed relationships were statistically insignificant. This applied primarily to the relationship between independent variables (MK – market knowledge, MO – marketing orientation, LO – learning organization) and the dependent variable (BS – business success). Practical implications Research has shown that the market success of small- and medium-sized companies depends on not only the ability to learn the market faster than competitors but also marketing orientation and market knowledge. It thus can be said that it is the ability to apply the knowledge and not its scale that is crucial for success. This conclusion seems to take on a completely different meaning in the era of new technologies, especially the phenomenon referred to as big data. Originality/value The analysis of the nature of market knowledge, marketing orientation and learning organization has shown how closely these concepts are related, how much they complement each other and facilitate the occurrence of synergy effects. There is a gap in the analysis of the relationship between these variables (market knowledge, marketing orientation, learning organization) and business success, especially in terms of the SME sector on the emerging markets. This paper attempt to reduce this gap.
7
Trang, Tran Kieu. "Key Success Factors of SME Entrepreneurs: Empirical Study in Vietnam." International Journal of Business and Management 11, no. 1 (2015): 136. http://dx.doi.org/10.5539/ijbm.v11n1p136.
Full textAbstract:
In the current increasingly competitive environment, productivity and profitability of each organization are strictly associated with its leaders’ management capacity. For the SMEs, their growth and success depend mainly on the entrepreneur’s management capacity. Based on an empirical study of 206 SMEs in Vietnam, this article clarifies five groups of key success factors of SME entrepreneurs. According to results obtained, knowledge on business and management, management skills, certain personal characteristics (such as flexibility, adventurous and punctilious spirit) and experience of SME entrepreneur are the factors that significantly and positively influence the success of SMEs.
8
Rini, Ayu Dwidyah, and Kazia Laturette. "RELEVANSI SIKAP BERAKUNTANSI PELAKU UMKM MUDA DAN PENGGUNAAN INFORMASI AKUNTANSI TERHADAP KEBERHASILAN USAHA." Jurnal Riset Akuntansi dan Keuangan 12, no. 2 (2016): 85. http://dx.doi.org/10.21460/jrak.2016.122.230.
Full textAbstract:
The effect of accounting attitude young SMEs and the use of accounting information to businesssuccess. This study aims to determine the relationship accounting attitude and use of accountinginformation businesses small and medium micro young to business success . Data was collectedthrough questionnaires with 100 young SMEs in Surabaya . The study uses a quantitative approachwith multiple linear regression analysis and snowball sampling to sampling . The results of the studyexplained that the accounting attitude young SMEs , accounting information has a significantrelationship in partial to business success. The results also explain that the accounting informationhas a dominant influence on the success of young SME business in Surabaya .Keywords: Accounting Information , Attitude, Business Success
9
Mohamad Poad, Raihan Wajihah, and Norasmah Othman. "LEVEL OF ENTREPRENURIAL COMPETENCE AMONG SME FELDA ENTREPRENEURS OF NEGERI SEMBILAN." Advanced International Journal of Business, Entrepreneurship and SMEs 3, no. 7 (2021): 24–39. http://dx.doi.org/10.35631/aijbes.37003.
Full textAbstract:
In the face of the challenges of the increasingly challenging economic downturn during the COVID-19 period, the economic growth rate was recorded lowest based on economic statistics 2020. Therefore, this study attempts to examine the level of entrepreneurial competence by using the entrepreneurial competency model which is opportunity competency, organizational competence, relationship competence, strategic competencies, commitment competencies, and conceptual competencies to explain some of the ways to improve business survival and success especially in the context of SMEs. This study uses a quantitative approach that is a survey method through the distribution of questionnaires. The study population is all SME entrepreneurs registered under FELDA throughout Malaysia. A total of 309 respondents were selected and sample selection through the simple random sample. The collected data were then analyzed using a 5-point Likert scale. The results show that the level of entrepreneurial competence among FELDA SME entrepreneurs is at a high level. This study illustrates that FELDA SME entrepreneurs have entrepreneurial competencies and this is the driver of their business success. The implications of the findings of this study are expected to help SME entrepreneurs maintaining competencies or skills in business. The findings of this study can also be used to assist SME entrepreneurs by adopting entrepreneurial features to manage the business to improve business performance for the future.
10
van Scheers, Louise. "Is there a link between economic growth and SMEs success in South Africa." Investment Management and Financial Innovations 13, no. 2 (2016): 249–353. http://dx.doi.org/10.21511/imfi.13(2-2).2016.09.
Full textAbstract:
This research analyzes whether there is a link between economic growth and SMEs success in South Africa. The South African economy can only grow with the contribution of growing sustainably SMEs which will accelerate economic growth. The research concluded that SME success has a positive impact on sustainable economic growth in South Africa and that there is a link between economic growth and SME success. The conducted research recommends that by improving the success rate of SME, the South Africa’s stagnating economy
11
Cant, Michael. "Challenges Faced By SMEs In South Africa: Are Marketing Skills Needed?" International Business & Economics Research Journal (IBER) 11, no. 10 (2012): 1107. http://dx.doi.org/10.19030/iber.v11i10.7256.
Full textAbstract:
In South Africa the SME sector has been placed on the governments priority list for economic assistance and job creation. The government expects 500 000 jobs to be created every year for the next 10 years - the bulk which is expected to come from the SME sector. Research conducted by Bowler, Dawood and Page (2006) and Phakisa (2009) estimate that 40% of new business ventures fail in their first year, 60% in their second year, and 90% in their first 10 years of existence. There are numerous reasons for these failures and many authors have identified the challenges these businesses face. The research problem of this study emanates from the current high business failure rate as well as the lack of and need for marketing skills of South African SME managers. The research investigates the correlation between business success and the need for marketing skills and to what extent the lack of these skills influence the failure or success of the business. The research made a direct link to the lack of marketing skills and the failure of businesses as well as the fact that managers and owners are aware of these shortcomings that they have. The conclusion is that there is a positive correlation between the success of a business and the need for marketing skills in South African SMEs. The challenge that now faces government, educational institutions and businesses themselves is to develop these marketing skills in such a way that the chances of survival of these SMEs are increased.
12
Ilham, Muhammad, and Ina Ratnamiasih. "E-COMMERCE AND COMPETENCE, IMPACT ON BUSINESS PERFORMANCE: EMPIRICAL STUDY ON IMPLEMENTATION E-COMMERCE BY STUDENTS AT PASUNDAN UNIVERSITY." Journal of Accounting, Finance, Taxation, and Auditing (JAFTA) 3, no. 1 (2021): 19–32. http://dx.doi.org/10.28932/jafta.v3i1.3339.
Full textAbstract:
The rapid growth of Small Business Enterprise (SME) throughout the Asian economy, especially in Indonesia is partly due to the rapidly developing information technology. The internet has become an important business tool, to the point where even SME utilize e-commerce. SMEs in Indonesia are proven to be the most dynamic and vibrant sector. The use of e-commerce is increasingly widespreading among young people and teenagers. Students–especially college students–are becoming more interested in doing entrepreneurship in between their classes. This research was conducted on students at Pasundan University to determine the influence of e-commerce implementation and student competence on the success of their business. The results showed that e-commerce and competence have a great influence on the success of businesses run by students.
 
 Keywords: E-commerce, Competence, Business performance, students
13
Wang, Shan, Yili Hong, Norm Archer, and Youwei Wang. "Modeling the Success of Small and Medium Sized Online Vendors in Business to Business Electronic Marketplaces in China." Journal of Global Information Management 19, no. 4 (2011): 45–75. http://dx.doi.org/10.4018/jgim.2011100103.
Full textAbstract:
This paper explores the performance of Chinese small and medium sized enterprises (SMEs) on Business-to-Business (B2B) electronic marketplaces (EMs). Based on a content analysis of 155 cases of high performing online Chinese vendors, this paper explains the success of SME online B2B vendors within a Motivation-Capability framework. This first generation of SME B2B online vendors proved highly motivated to increase sales and developed a set of Internet leveraged organizational capabilities to compete online, including capabilities for online marketing, product innovation, eCommerce management, etc. This study differs from traditional wisdom that online marketplaces will render Guanxi (a Chinese cultural phenomenon defined as close and pervasive interpersonal relationships, Yang, 1994) irrelevant since online marketplaces are perceived to be impersonal. In fact, Guanxi still matters online, but it takes new forms. This research offers important managerial implications for B2B SME online vendors on how to leverage EMs for higher performance.
14
Ahmad, Noor Hazlina, Carlene Wilson, and Liz Kummerow. "Assessing the Dimensionality of Business Success: The Perspectives of Malaysian SME Owner-Managers." Journal of Asia-Pacific Business 12, no. 3 (2011): 207–24. http://dx.doi.org/10.1080/10599231.2011.586855.
Full text
15
Minialai, Caroline, Mohamed Nabil El Mabrouki, and Oumaima Chamchati. "Involys: a Moroccan SME playing with African giants." Emerald Emerging Markets Case Studies 10, no. 2 (2020): 1–18. http://dx.doi.org/10.1108/eemcs-12-2018-0280.
Full textAbstract:
Supplementary materials Teaching notes are available for educators only. Learning outcomes Objective 1 analyse the internationalization process of Involys and compare it with the traditional theoretical analyses; Objective 2 analyse and learn from past successes and failures in Africa, building up a meaningful strategic analysis with a specific focus on: understanding the advantages and disadvantages of size (small and medium-sized enterprise (SME) suppliers/State Institutions customers); understanding the importance of institutional barriers and opportunities in this specific context; understanding and measuring the distances issues and the way they affect the company’s development Objective 3 learn to be creative and concrete in proposing feasible solutions to the Board of Involys. Case overview/synopsis Involys is a medium-sized Moroccan company designing and implementing enterprise resource planning (ERP) systems. It was co-founded in the 1980s by its present chief executive officer (CEO), quite a charismatic individual. As its listing on the Casablanca Stock Exchange, the company has set its main goal to develop its business on the African markets. This is a significant shift in commercial strategy for a company who has built its past success on working with Northern countries. Involys tries with its ERP system to accompany state-level reforms. The case study takes place in 2017, Involys has just lost a significant project in Cameroun, despite significant pre-sale investments, and is trying to build on its success in Gabon to accelerate and improve its competitive position in Africa. The case focusses on the internationalization process of a firm involved in long terms contracts and dealing mainly with institutions such as states or state departments. The issues of sizes, institutional barriers and distance should be specifically addressed in a south-south context. Complexity academic level Master’s degree executive training programs. Subject code CSS 5: International business.
16
C. Cant, Michael, Johannes A. Wiid, and Adri Meyer. "SMEs: do they follow a shotgun or rifle approach when it comes to target marketing?" Problems and Perspectives in Management 14, no. 3 (2016): 504–11. http://dx.doi.org/10.21511/ppm.14(3-2).2016.06.
Full textAbstract:
As SMEs are the drivers of employment and GDP in many cases, SMEs are also critical to the development of any economy and their survival and success are, thus, important. With the high levels of failure of SMEs, it has become imperative that there is a drive to ensure the survival of SMEs. A way in which SMEs, can enhance their potential success rate and business performance is by means of proper target market selection in order for the business to focus their marketing efforts. This will allow the business to timeously identify opportunities and threats in the market and to react to these situations. The business will also have a greater understanding of their target market, and their needs and wants. Understanding the target market will assist the business in developing marketing strategies that are suited for the target market and enhance its chances of success. This study aimed to identify whether SME owners and managers have target market knowledge within a South African SME context. The main results indicate that although SME owners and managers claim they are aware of their specific target markets (90%), they do not have customer knowledge regarding the psychographic and demographic aspects of their target market. By using effective target marketing communication, SMEs can improve on their merchandising planning and product assortment and offerings to better serve their target market(s). Keywords: target marketing, SMEs, South Africa. JEL Classification: M310, L26
17
Ghobakhloo, Morteza, Tang Sai Hong, and Craig Standing. "B2B E-Commerce Success among Small and Medium-Sized Enterprises." Journal of Organizational and End User Computing 27, no. 1 (2015): 1–32. http://dx.doi.org/10.4018/joeuc.2015010101.
Full textAbstract:
E-commerce (EC) success and related influencing factors have not been investigated properly in the context of small and medium-sized enterprises (SMEs), while these businesses possess very different characteristics as compared to large businesses. The purpose of this study is to provide a better and clearer understanding of business-to-business (B2B) EC value and success within SMEs, particularly in emerging economies. Rooted in the information system (IS) diffusion and success literature and organizational research background, this paper develops an integrative research model to assess the success of B2B EC among Iranian and Malaysian SMEs. To interpret the success of B2B EC, we viewed EC success dimensions and relevant determinants from the perspectives of all users at the business network unit level. The result of testing this model on 130 business network units revealed that in addition to technological characteristics of EC including information, system and service quality, different SME-related organizational determinants such as perceived usefulness of EC, top management support and commitment and EC knowledge are crucial for successful B2B EC among SMEs. The findings offer valuable insights to managers, EC/IS experts and policy makers responsible for assisting SMEs with successfully engaging in B2B EC.
18
Liana, Eka Wahyu, Rr Lulus Prapti Nugroho S.S, and Dian Triyani. "REVEALING THE SUCCESS OF RENITA ENCENG GONDOK IN MAINTAINING ITS BUSINESS EXISTENCE." Economics and Business Solutions Journal 4, no. 1 (2020): 61. http://dx.doi.org/10.26623/ebsj.v4i1.2243.
Full textAbstract:
<p><em>This research was conducted at the Renita Eceng Gondok SME, Demakan, Banyubiru, Ambarawa, Semarang in the marketing and production section. The aim of this study is to explore the success of the Renita Eceng SME business in maintaining its existence.</em><em> This study is a case study with triangulation of data sources, observation data, interviews, documentation, and narratives. Informant study is based on the appropriate principle and adequacy. There are 6 basic informant principles in this study. The results of this study indicate that the strategy of Renita Eceng Gondok in achieving success and maintaining its existence is paying attention on material quality and improve the skill of their employee (human resources). The way of Renita Enceng Gondok explores creative ideas in creating variety of superior Enceng Gondok handycrafts products is by looking for patterns from internet then they developed the pattern based on the instruction from the owner of Renita Eceng Gondok. These ideas were turn into shoes, sandals, paper towels, jars, trash bins, frame, miniatures, and glass for hotel construction, laundry baskets, and others. The government supports this SME by facilitating exhibitions, training in management, marketing, equipments, etc. </em></p>
19
Tirupathi, Anand, Arindam Banerjee, and Sadia Riaz. "Factors Leading to Sustained Growth of SMES in the U.A.E: A Concept Paper." Journal of Advanced Research in Economics and Administrative Sciences 1, no. 2 (2020): 91–105. http://dx.doi.org/10.47631/jareas.v1i2.85.
Full textAbstract:
Purpose: Small and Medium Enterprises (SME) engaged in the business of Trading and Distribution in the United Arab Emirates are characterized by fluctuations in the business performance and growth. Even though 95% of the businesses in the UAE are SME sector, the variations in the growth pattern lead to various challenges which the owner/manager sometimes fails to handle well. The aim of this concept paper is to identify the factors contributing to the sustained growth of SME business in the UAE. Approach/Methodology/Design: The research problem for this study is “how to ensure sustained growth in business for Small and Medium Sized Enterprises in the United Arab Emirates”. The other studies on SME business have focused on SME performance but have not specifically focused on sustaining the performance and growing over a long period of time. This research will specifically focus on the factors contributing to sustained growth and this will be ascertained through quantitative survey of various SMEs in the UAE. Findings: This research aims to find the success factors which can be useful to the SME sector of the UAE in order to achieve sustained growth in business. As a result of this study, a possible matrix will emerge showing a framework to be applied for sustained growth of business for SMEs. Practical Implications: Sustained growth and longevity of the business remains the most important dream of every SME owner/manager, and the final recommendations of this research will result in a framework which would help SMEs in the UAE to have a sustained growth in business. Originality/value: The specific objective of this research is to find “factors that contribute to the sustained growth in business”. This would ensure that, despite the vagaries in the business environment, the SME owner will continue to have a stable business with sustained growth over a long period of time.
20
Arzubiaga, Unai, Amaia Maseda, Amaia Uribarri, and Jesús Manuel Palma Ruiz. "Collaborative innovation in the family SME: conceptualization, goals, and success factors." European Journal Of Family Business 9, no. 2 (2019): 102–14. http://dx.doi.org/10.24310/ejfbejfb.v9i2.5265.
Full textAbstract:
In a constantly changing environment, collaborative innovation enables the knowledge creation and new product designs, the improved efficiency of the production process and the reduction of time-to-market. However, the achievement of such results in the family SME depends mainly on the unique characteristics of this type of organization, which in turn represent the most widespread kind of business worldwide. Therefore, the objective of this article is to analyze how the composition of the management team, and the factors related to the capabilities –cognitive factors, absorptive capacity, and innovative trajectory- and the attitudes –preservation of SEW legacy and intra-organizational behavior- of the decision makers, mediated mainly by the influence of the family, affect when designing and implementing collaborative innovation processes in a successful way.
21
J. McQueen, Robert, and Zhaowen Yin. "Perceptions of entrepreneurs about their zero employee web enabled businesses." Journal of Small Business and Enterprise Development 21, no. 1 (2014): 26–48. http://dx.doi.org/10.1108/jsbed-10-2013-0144.
Full textAbstract:
Purpose – This research aims to examine zero employee web-enabled businesses (ZEWEs) in a New Zealand context. A definition of ZEWEs is conceived and presented, synthesized from gaps in previous SME, micro business and web-based business literature. ZEWEs are an emerging and important new subcategory of web-enabled SMEs that have previously been not well covered by published research. Enablers and barriers to the successful establishment of a ZEWE are identified and compared to previous SME research. Design/methodology/approach – A total of 20 entrepreneurs in New Zealand were interviewed about their perceptions of enablers and barriers to a successful ZEWE, and the components of business strategies that would help them achieve success in the web-based market. Qualitative thematic analysis methods were used to extract factors. Findings – It was found that competitive advantage of products, adopting electronic commerce websites, motivation to become a business owner, and having a good reputation of both entrepreneurs and their businesses are significant enablers of success, while online competition, commercial disputes, capital requirements, deficits in management and technical capabilities, and taxation issues are barriers for the development and future success of ZEWEs. Research limitations/implications – This is exploratory research. The data was gathered in a New Zealand context of entrepreneurs using auction websites to found and operate their ZEWE businesses, and the findings may be useful in understanding other geographic and cultural environments. Originality/value – A new category of zero employee web-enabled enterprises (ZEWE) has been investigated, and found to exist. Enabling factors and barriers particular to this class have been uncovered and compared to previous SME research. This new enterprise category may become important in future research about internet-based small enterprises and the entrepreneurs that start them.
22
Ahmad, Noor Hazlina, and Pi Shen Seet. "Understanding business success through the lens of SME founder-owners in Australia and Malaysia." International Journal of Entrepreneurial Venturing 1, no. 1 (2009): 72. http://dx.doi.org/10.1504/ijev.2009.023821.
Full text
23
Flynn, Anthony, and Paul Davis. "Firms’ experience of SME-friendly policy and their participation and success in public procurement." Journal of Small Business and Enterprise Development 23, no. 3 (2016): 616–35. http://dx.doi.org/10.1108/jsbed-10-2015-0140.
Full textAbstract:
Purpose – The purpose of this paper is to test the relationship between firms’ experience of small- and medium-size enterprise (SME)-friendly policy and their participation and success in public procurement. Design/methodology/approach – Hypothesised relationships between SME-friendly policy and three outcome variables – frequency of tendering, success rate in public contract competitions, and commercial orientation towards the public sector – are tested using survey data from 2,755 SME respondents. Findings – SME-friendly policy is found to be significant in explaining success rates and commercial orientation towards the public sector marketplace. It is not significant in explaining frequency of tendering. Research limitations/implications – The context for the study is Ireland. However, given institutional similarities in national public procurement regimes, particularly among EU Member States, the findings have relevance beyond the Irish context. The research design is cross-sectional and so does not allow for any causal claims to be made. Originality/value – This study puts forward and tests an original model of SME-friendly procurement policy and its associated outcomes for firms. It develops a comprehensive 16-item instrument to measure SME-friendly procurement policy. It uses SMEs as research informants instead of public buyers.
24
Ng, Hee Song, and Daisy Mui Hung Kee. "The Issues and Development of Critical Success Factors for the SME Success in a Developing Country." International Business Management 6, no. 6 (2012): 680–91. http://dx.doi.org/10.3923/ibm.2012.680.691.
Full text
25
Rabie, Claudette, Michael C. Cant, and Johannes A. Wiid. "Training And Development In SMEs: South Africa’s Key To Survival And Success?" Journal of Applied Business Research (JABR) 32, no. 4 (2016): 1009–24. http://dx.doi.org/10.19030/jabr.v32i4.9717.
Full textAbstract:
In today’s competitive business environment, the capabilities and skills of employees are fundamental requirements for continuous productivity, innovation and success in small and medium enterprises (SMEs). However, the situation of SMEs with regards to training and development is characterised by a paradox and are considered to be crucial elements of competitiveness and success against the backdrop of globalisation. Previous studies have found that constant training and development initiatives are less likely to be available to employees working in SMEs than to those in larger organisations. The study therefore aims to determine the perception of entrepreneurs or SME owners towards the importance of training and development in their business. A self-administered questionnaire was sent to SME owners and a total of 60 usable responses were received. The study showed, amongst others, that a lack of resources is stronger than the influence of business management and external assistance.
26
Cheema, Farooq-e.-Azam, Tayyaba Zarif, and Aziz –un– Nisa. "Leadership Styles Of Women Entrepreneurs: An Exploratory Study At SME Sector At Karachi." Pakistan Journal of Applied Social Sciences 4, no. 1 (2016): 19–34. http://dx.doi.org/10.46568/pjass.v4i1.294.
Full textAbstract:
This study is an exploratory, based on leadership styles of women entrepreneurs in the SME Sector, of Karachi with an interpretive approach. The data has been collected through primary and secondary sources via in depth interviews and questionnaires on leadership styles The focus is on exploring their dominant leadership styles, influencing employees to achieve efficacy in their organizations. The study reveals that women entrepreneurs generated innovative business systems and culture which is based on their unique leadership styles that led to their success in the SME sector. The common denominators of success among these women were constant across the nature of business; size of the organization; industry; age; educational level; family support; and, previous work experience. The factors that basis to their success mainly are their shared personality traits of being hardworking, determined, dedicated, modest, challenge seekers, trend setters, motivated, innovative, multi-tasking and employee retention. The styles of leadership based on Robert Galford theory namely; ambassador, advocate, creative builder, truth seeker, experienced guide, people mover, revealed the veracity of their skills in leadership. The findings of study have a positive connotation and it will be beneficial for training and guiding of upcoming women entrepreneurs.
27
Nuutinen, Maaria, and Katri Ojasalo. "Enhancing service innovation in a business-to-business context." International Journal of Quality and Service Sciences 6, no. 4 (2014): 290–308. http://dx.doi.org/10.1108/ijqss-06-2013-0033.
Full textAbstract:
Purpose – The purpose of this article is to develop a theoretically and empirically grounded interdisciplinary framework for understanding service innovation in a business-to-business (b-to-b) context, particularly from the perspective of the small- and medium-sized enterprise (SME). Design/methodology/approach – This study used an abductive research process, supported by theoretical insights from a literature review, and empirical evidence from a multiple-case study. Six SME case companies were all transforming towards service logic. The empirical data consists of semi-structured interviews with the case companies and their business customers, workshops and business documents. Findings – The study identified four critical service logic-related perspectives in service innovation in a b-to-b context, and related key questions: How is potential for new service business recognised? How is freedom of action perceived? What kinds of strategies are plausible? What are the reasons, objectives and support for the change? The shared interpretation of these questions within an organisation seemed to be related to the company’s success in doing business in new ways, enhancing service innovations and in their transformation to service logic. Originality/value – This article offers a new interdisciplinary and empirically grounded perspective on innovation in the b-to-b and SME context framing the phenomenon in service logic. Tackling the questions is a precondition for SMEs in enhancing service orientation in strategy, mutual value orientation in organisational culture, their role in others’ business and collaborative business development, thus enhancing service innovations producing reciprocal value-in-use over time.
28
Khairuddin, Sheikh Muhamad Hizam Sheikh, Zuhaib Hassan Qureshi, Rosni Ab Wahid, Shehnaz Tehseen, Zulfiqar Hussain Pathan, and Mohammad Rafat Khan. "A Conceptual Study on Contingent Impact of External Integration on Innovation Sme Business Success Relationship." International Journal of Financial Research 10, no. 5 (2019): 370. http://dx.doi.org/10.5430/ijfr.v10n5p370.
Full textAbstract:
It is widely acknowledged in the existing studies that innovation has the critical role in firms’ performances. Moreover, it has been acknowledged that innovative activities are the main sources of growth, survivability, and success for SMEs firms. In the setting of entrepreneurship, earlier studies have claimed that innovation is the integrated element of entrepreneurship. However, the existing studies have also revealed inconsistent findings regarding the impacts of innovation on firm’s performances under various contexts. Thus, this study claims that there should be a moderator to facilitate the relationship between innovations and firm’s performances. Therefore, this study has introduced the external integration as a moderator to improve the relationship between types of innovations and firm’s performances. The main objective of the study is to identify the relationship between various types of innovations including process innovation, product innovation, marketing innovation, and organizational innovations and business success operationalized with four dimensions including perceived financial performance, perceived non-financial performance, perceived business growth, and perceived performance relative to competitors) under the moderating role of external integration. Three theories namely Strategic Contingency Theory (SCT), Resource Dependence Theory (RDT), and Resource Based View (RBV) have been integrated to develop the proposed theoretical framework. The recent literature has been taken to gather the information about the variables that helped current study to develop a theoretical frame work and then eight propositions have been developed based on proposed theoretical framework. The external integration as a moderator between innovations and business success is the main theoretical contribution of this study. Furthermore, limitations have been stated at the end and recommendations have been made for future research.
29
Selaelo Maesela, Pabalelo, Taurai Hungwe, and Solly Matshonisa Seeletse. "Mysteries of success for small and medium enterprises in Ga-Rankuwa Township of Pretoria in Gauteng Province, South Africa." Environmental Economics 7, no. 1 (2016): 47–52. http://dx.doi.org/10.21511/ee.07(1).2016.06.
Full textAbstract:
The small and medium enterprises (SMEs) are important to the South African economy and social development. This paper discusses the case of Ga-Rankuwa Township SMEs, causes of their proven failure and the methods used by the SMEs owned by people who came from foreign countries and operating in this township. These foreign SMEs did not have access to loans for business. On the other hand the local ones could apply for the loans but many did not know how and where. The locals then forfeited the opportunity, but still refused to partner with foreign ones who could assist them. The foreign ones were more successful in using business skills and knowledge to nurture their SMEs. They also contributed to the township’s economy by employing local people. Recommendations include that local SMEs should partner with foreign ones to develop synergies, and that the SME agency, Small Enterprise Development Agency (SEDA) should design policies for foreign SME access to business loan funds by ensuring and enforcing local empowerment as part of their loan access package
30
Henley, Andrew, and Heather Norbury. "An Intervention to Raise Leadership Effectiveness among SME Owner-Managers in Wales." International Journal of Entrepreneurship and Innovation 12, no. 4 (2011): 283–95. http://dx.doi.org/10.5367/ijei.2011.0048.
Full textAbstract:
Successful leadership development for SME owner-managers has been shown to be problematic because of low interest levels and the unsuitability of formal learning methods. This paper assesses the introduction of a leadership development programme into a peripheral region, with an emphasis on situated and action learning, supported by peer-to-peer networking. Early findings suggest significant business and leadership benefits, including revenue growth and success in closing the gap between perceived and actual levels of leadership confidence. However, participation is selective and questions remain about the suitability of the programme for participants with a low level of formal education and without clearly articulated prior aspirations for personal or business development.
31
Indarto, Indarto, and Djoko Santoso. "KARAKTERISTIK WIRAUSAHA, KARAKTERISTIK USAHA DAN LINGKUNGAN USAHA PENENTU KESUKSESAN USAHA MIKRO KECIL DAN MENENGAH." Jurnal Riset Ekonomi dan Bisnis 13, no. 1 (2020): 54. http://dx.doi.org/10.26623/jreb.v13i1.2202.
Full textAbstract:
<p>Penelitian ini bertujuan menganalisis pengaruh karakteristik wirausaha, karakteristik usaha, terhadap kesuksesan usaha dengan moderasi lingkungan usaha pada UMKM. Populasi penelitian adalah pelaku UMKM di Kota Semarang dengan teknik pengambilan sampel menggunakan <em>purposive random sampling</em>. Pengumpulan data primer dilakukan dengan kuesioner terstruktur kepada 80 pelaku UMKM yang tersebar di 10 klaster. Untuk menguji pengaruh karakteristik wirausaha dan karakteristik usaha terhadap kesuksesan usaha dengan moderasi lingkungan usaha digunakan smart PLS. Hasil analisis menunjukkan bahwa Karakteristik wirausaha berpengaruh positif signifikan terhadap kesuksesan usaha UMKM<strong> </strong>Karakteristik usaha tidak berpengaruh terhadap kesuksesan usaha UMKM<strong>.</strong><strong> </strong>Lingkungan usaha memoderasi pengaruh karakteristik wirausaha terhadap kesuksesan usaha UMKM dengan kategori quasi moderasi. Lingkungan usaha memoderasi pengaruh karakteristik usaha terhadap kesuksesan usaha UMKM dengan kategori quasi moderasi</p><p class="BasicParagraph">The purpose of this study is to analyze the effect of entrepreneurial characteristics, business characteristics, business environment on business success, where the business environment is a moderating variable. The study population was MSMEs in Semarang City using purposive random sampling. Primary data collection was carried out with a structured questionnaire to 80 SME actors spread across 10 clusters. To examine the effect of entrepreneurial characteristics and business characteristics on business success by moderating the business environment, smart PLS was used. The results show that entrepreneurial characteristics have a significant positive effect on MSME business success. Business characteristics do not affect MSME business success. Business environments moderate the effect of entrepreneurial characteristics on MSME business success with the quasi moderation category. The business environment moderates the influence of business characteristics on the success of MSME businesses with the quasi-moderation category.</p>
32
Mitchelmore, Siwan, Jennifer Rowley, and Edward Shiu. "Competencies associated with growth of women-led SMEs." Journal of Small Business and Enterprise Development 21, no. 4 (2014): 588–601. http://dx.doi.org/10.1108/jsbed-01-2012-0001.
Full textAbstract:
Purpose – The purpose of this paper is to identify the entrepreneurial competencies that women SME owners perceive to be important to the success of their business, and the competencies that women with high turnover growth rate deem important, and makes a comparison between the two sets of competencies. Design/methodology/approach – A questionnaire-based survey of female entrepreneurs in England and Wales collected data on those entrepreneurial competencies that women perceived to be important for their business, alongside key business performance measures, such as turnover growth rate. A ranking of the top ten competencies that women thought were important for success was generated; this ranking was compared with a list of four competencies identified as being important by those women whose businesses exhibited high business growth. Findings – All of the competencies perceived by the whole group to be important to the success of their business were personal and relational competencies. This is in stark contrast to the findings from logistic regression, which shows that high-growth businesses can be differentiated from low-growth businesses regarding the importance assigned to the following four competencies by their owners: pro-activeness, strategic planning and implementation for opportunities, acquiring finance, and risk-taking. Originality/value – This study suggests that women business owners’ prioritisation of the key competencies for their business may impact on business growth, and raises the question as to whether women business owners are able to identify the competencies that will drive the growth of their business. The particular contribution of this study is this gap, which poses challenges for policy makers, practitioners, and researchers.
33
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 (2020): 125. http://dx.doi.org/10.26418/jebik.v9i2.39818.
Full textAbstract:
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.
34
Sebestova, Jarmila, Zaneta Rylkova, and Marek Smysl. "How to Gain Success in SME? A Case Study of a region in the Czech Republic." South East European Journal of Economics and Business 2, no. 1 (2007): 41–47. http://dx.doi.org/10.2478/v10033-007-0014-0.
Full textAbstract:
How to Gain Success in SME? A Case Study of a region in the Czech Republic.Small and medium sized entrepreneurship (SME) is often considered a contemporary phenomenon. Why have so many authors dedicated their work to this field? The main reason is that SME influences society and contributes to the economic development of its region. This analysis emphasizes endogenous factors for success. The situation in the Moravia-Silesian Region (the northeast region of the Czech Republic) in which we applied factor analysis on a research sample supported our hypothesis. Moreover, we used VRIO analysis to clearly interpret our research findings.
35
Valdez-Juárez, Luis Enrique, Dolores Gallardo-Vázquez, Elva Alicia Ramos-Escobar, and Roberto Limón-Ulloa. "ISO 14001 and 26001, Agents of Change in the SME." Journal of Management and Sustainability 9, no. 1 (2019): 32. http://dx.doi.org/10.5539/jms.v9n1p32.
Full textAbstract:
At present, business strategies in SMEs (Small and medium enterprises) are crucial for consolidation in highly competitive markets, in achieving a better image and in business profitability. One of the strategies that are currently being used and that have a high level of success are the practices focused on sustainability and social responsibility, through standardized standards such as: ISO 14001 and ISO 26001. The literature related to sustainable business is based mainly on the theory of resources and capabilities, and in theory based on Stakeholders. These currents state that companies should focus on profitable strategies to ensure significant and long-term results, in order to achieve organizational and financial results for stakeholders. In this work, the sample consists of 215 companies from the commerce, services and industry sectors, located in the southern region of the State of Sonora in Mexico.The objective of the work is to analyze the influence of ISO 14001 and 26001 standards on the image and profitability of SMEs. The statistical analysis of the data has been carried out through the linear regression technique by OLS (Ordinary Least Squares). The findings prove that the ISO 14001 standard is the one that most influences the improvement of the business image and the level of profitability of the SME. In addition, we discovered that ISO 26001 has a partial influence on the image and profitability of the SME.
36
Rachmawati, Ike Kusdyah. "Model and Characteristics of Micro Finance Institutions Based on SME Women in Batu City." JEMA: Jurnal Ilmiah Bidang Akuntansi dan Manajemen 14, no. 01 (2017): 21. http://dx.doi.org/10.31106/jema.v14i01.214.
Full textAbstract:
The development of SMEs is largely determined by the existence of MFIs that offer financing models are diverse. It can be said that MFIs become a partner of SMEs in this regard as a financial services provider, through diverse financing models. But on the other hand the diversity of financing models offered by MFIs have not been fully able to be utilizedThis study used exploratory research, descriptive, experimental and applied research conducted in stages for the development of a comprehensive model of microfinance accommodative Informants determined based on the information needs. Using a descriptive and qualitative analysis of the MFI deliberately selected examples illustrate the following: (A) The existence of MFIs is recognized community has a strategic role as an intermediary in economic activity that has not affordable public services of banking institutions / conventional banks; (B) service MFIs have demonstrated success, but success can still be in business economics. Skim MFI lending to businesses has not received the priority, it is characterized by a relatively small ceiling (budget allocation) to support farming, which is less than 10% of the total ceiling of MFIs; (C) A critical factor in the development of the agricultural sector MFI lies in the institutional legality, capability management, seed capital support, the economic viability of farming, farm characteristics and technical assistance clients / service users MFIs; (D) To initiate the growth and development of agricultural MFIs needed guidance enhanced capabilities for HR candidates MFI managers, support the strengthening of capital and technical assistance to customers of credit users.Keywords: Financial Institutions Micro, Small Business Micro
37
Happonen, Ari, Ulla Santti, Harri Auvinen, Teemu Räsänen, and Tuomo Eskelinen. "Digital age business model innovation for sustainability in University Industry Collaboration Model." E3S Web of Conferences 211 (2020): 04005. http://dx.doi.org/10.1051/e3sconf/202021104005.
Full textAbstract:
This study aims to investigate a digitalization-related business model as a result from the university-SME collaboration. The SME of the case study (Preventos Informatics Ltd) specializes in water distribution systems in industrial scale, telemetry, and sensor data-based monitoring of the water distribution. The business model of the company is a result of an innovation process during 2016-2017. The SME was established 2018. This study examines the commercialization process’s success factors and compares the original business model to the finally implemented one after two years. The study reviews the current literature of sustainable business models and digitalization and reflects the results from this study. Based on the results, by quantifying the sustainability, environmental aspects and digitalization, value added can be brought to the business model. Our study suggests that by adding more digitalization, sensor technologies, and dataanalysis, quantifying the real value of innovations is possible.
38
Bati, Jwdah Farouq, Meshary Mohammad alfaqeih, Sami Abdullah Albishri, Mowffaq Oreijah, and Tahar Lazhar Ayed. "The Role of Entrepreneurial Marketing in Developing Economic Countries (Saudi Arabia Case Study for SME)." International Journal of Research and Studies Publishing 2, no. 19 (2021): 53–64. http://dx.doi.org/10.52133/ijrsp.v2.19.3.
Full textAbstract:
The Kingdom of Saudi Arabia is growing into an economic power in the Middle East. However, small- and medium-sized business establishments continue to struggle to break the local market. The challenges faced by the businesses result from the lack of adequate information, poor technological infrastructure, untrained human resource personnel, and consumer behaviors. Entrepreneurial marketing provides an adequate means through which business organizations in Saudi Arabia can build a competitive advantage and penetrate the market more efficiently and effectively. The approach enables value creation, resource manipulation/utilization, opportunity focus, innovation, risk-taking, customer intensity, and proactive practices, allowing businesses to become competitive. The study evaluates the connection between competitive advantage and entrepreneurial marketing, informing business stakeholders and policymakers on the best marketing practices to ensure the success and sustainability of small- and medium-sized firms in Saudi Arabia. The study employed the qualitative approach to facilitate data gathering. The study involved fourteen participants recruited from a WhatsApp group and interviewed over the phone. The study findings established differences from sector to sector in terms of marketing opinions and skill. The subjects identified value creation, resource manipulation/utilization, opportunity focus, innovation, customer intensity, and proactive practices to be critical to building a competitive advantage, with risk-taking considered insignificant. Given the source of challenges facing small and medium organizations in Saudi Arabia, there is a need to ensure education and access to information for SME stakeholders. Similarly, the Saudi government needs to put in place adequate technology infrastructure to facilitate the growth and development of the businesses.
39
Eze, Sunday C., Sulaimon Olatunji, Vera C. Chinedu-Eze, and Adenike O. Bello. "Key success factors influencing SME managers’ information behaviour on emerging ICT (EICT) adoption decision-making in UK SMEs." Bottom Line 31, no. 3/4 (2018): 250–75. http://dx.doi.org/10.1108/bl-02-2018-0008.
Full textAbstract:
Purpose While a substantial number of studies have examined information behaviour, most centred on choice of information source, student information behaviour, information behaviour of women, environmental uncertainty and scanning behaviour of top-level hotel executives. However, little is known about how the small and medium enterprise (SME) managers scan, seek, gather, document and use information relevant for emerging information and communication technology (EICT) adoption decision-making. This paper aims to examine the key success factors influencing SME manager’s information behaviour on EICT adoption decision-making. Design/methodology/approach This study deploys a qualitative approach to exploring 16 key success factors shaping SME managers’ information behaviour on EICT adoption decision-making. More specifically, the study adopted both unstructured and semi-structured interviews with 20 small business managers drawn purposeful from Crunch Database. Findings This study develops an extended technology, organisation and environment framework by incorporating the information context which helped to unravel 16 key success factors influencing small business managers’ information behaviour on EICT. From the technology context, uncertainty driven, compatibility, replacement of legacy technology, relative advantages, lack of technical know-how and perceived affordability fit for purpose influence SME managers’ information behaviour. Users’ acceptance information, efficiency driven, owner’s support shape the organisation context of perceived information need; competitor’s intelligence gathering, customer’s information gathering provider credibility and government policy influence the environmental context of perceived information need; and finally, perceived information sources credibility, herding event, testimonial and openness to other people’s ideas and experiences are shaped by the information context. Research limitations/implications Qualitative research is normally subjective, interpretive and limited on the sample used. Because of the limited number of interviews, the generalisation of the framework and the finding is difficult. Therefore, the finding and the framework need to be established across broader population. The findings are vital considering the fact that small business managers are limited in knowledge and the study may improve the way and manner they go about seeking and gathering information relevant in adopting new ICT. Originality/value This research provides further insight into SME managers’ information behaviour by developing a framework and identifying main factors influencing SMEs information behaviours on EICT. Therefore, understanding such factors will enrich their knowledge on some of the factors that may shape their decisions during EICT adoption decision to make effective decision.
40
Hazlina Ah, Noor, Hasliza Abdul Hali, and Siti Rohaida Mohamed Za. "Is Entrepreneurial Competency the Silver Bullet for SME Success in a Developing Nation?" International Business Management 4, no. 2 (2010): 67–75. http://dx.doi.org/10.3923/ibm.2010.67.75.
Full text
41
Lee, Jeoung Yul, Alfredo Jiménez, and Timothy M. Devinney. "Learning in SME Internationalization: A New Perspective on Learning From Success versus Failure." Management International Review 60, no. 4 (2020): 485–513. http://dx.doi.org/10.1007/s11575-020-00422-x.
Full text
42
Che Omar, Che Mohd Zulkifli. "Factors Affecting the Success of Bumiputera Entrepreneurs in Small and Medium Enterprises (SMEs) in Malaysia." International Journal of Management Science and Business Administration 1, no. 9 (2015): 40–45. http://dx.doi.org/10.18775/ijmsba.1849-5664-5419.2014.19.1004.
Full textAbstract:
Bumiputera entrepreneurs often said to be left behind in achieving success in the economic development. This study was conducted to identify factors that influence success of Bumiputera entrepreneurs in small and medium enterprises (SMEs) in Malaysia and the factors leading Bumiputera entrepreneurs involved in business. In the era of globalization, SMEs represent an important industry in the development of the national economy. SMEs create employment opportunities for the rural and urban communities and increase national income. Among the key factors that influence the success of Bumiputera entrepreneurs in small and medium enterprises in Malaysia include weaknesses in management, failures in marketing, and difficulties in obtaining financial assistance. Some of the challenges faced by Bumiputera entrepreneurs, small and medium enterprises (SME) are their limited participation in the international market, the shortage of skilled workers, a problem to market the product in the supermarket and the lack of raw materials. Therefore, Bumiputera entrepreneurs must deal with these issues in order not to go bankrupt.
43
Thompson, Corrinne, Maria Bounds, and Geoff Goldman. "The status of strategic planning in Small and Medium Enterprises: Priority of afterthought?" Southern African Journal of Entrepreneurship and Small Business Management 5, no. 1 (2012): 34. http://dx.doi.org/10.4102/sajesbm.v5i1.26.
Full textAbstract:
<p>Small and medium enterprises (SMEs) are faced will many challenges, and the development of a sound strategy for the SME could define how these challenges are met which, in turn, could mean the difference between success or failure of the enterprise. If a sound strategy is major contributing factor to the success of a small business, but the evidence of sound strategic management (as taught in universities and business schools) is not present in successful SME’s, one could question the way strategic management is conceptualised. The study thus aims to gather a greater understanding of strategic management – and strategy formulation practices in particular – within SME’s. The study employed a qualitative, descriptive design with semi-structured interviews conducted with 12 SME owners in Gauteng. Findings reveal that the majority of participants were in favour of and supported the notion of having a strategy for small and medium enterprises, but none of them made reference to a formal process regarding strategy formation.</p><p><strong>Key words:</strong> Strategy; strategy formulation, small and medium businesses; planning; qualitative research</p>
44
Flynn, Anthony, and Paul Davis. "Investigating the effect of tendering capabilities on SME activity and performance in public contract competitions." International Small Business Journal: Researching Entrepreneurship 35, no. 4 (2016): 449–69. http://dx.doi.org/10.1177/0266242616630035.
Full textAbstract:
Barriers to small and medium-sized enterprise (SME) participation in public procurement have been the focus of research for many years. Much less attention has been paid to the predictors of SME success. This article examines the role that tendering capabilities – relational and procedural – play in explaining SME activity and performance in public contract competitions. Analysis of primary survey data from 3010 SMEs supports a capability-based perspective. Procedural capability has a significant effect on number of tenders submitted and value of contract sought. Relational capability does not. However, procedural and relational capabilities have a significant and positive effect on contract win-ratio and percentage of total revenue derived from public contracts. For SMEs, these findings underline the importance of investing in tendering skills and devising buyer engagement strategies. Enterprise support agencies and public sector organisations can play their part through the provision of targeted training programmes and better communication with SME suppliers, respectively.
45
Kim, Seok-Soo. "Influential Indicators and Measurements of Mediating and Moderating Roles on SME Performance." International Journal of Knowledge Management 18, no. 1 (2022): 1–18. http://dx.doi.org/10.4018/ijkm.20220101.oa7.
Full textAbstract:
Overcoming the failure of SMEs has been an important research topic. The critical research finding is that it has verified the essential elements of performance improvement. We presented a solution to the research question, "Is there a causal relationship between the effect on SMEs' success on capacity and business performance?". We analyzed whether the competence of SMEs had a mediating effect between success variables and performance. Secondary effects were empirically studied by converting independent variables to Higher-Order Component (HOC). The second-order variable of management influenced financial, non-financial, and technical performance, and the second-order variable of technology affected technical performance. As a result of introducing demographic variables as a controlling variable for performance, gender, and year of establishment showed a moderating effect on technical and non-financial performance. We expect to contribute to practical application to SME CEOs and government policymakers, support organizations, academia, and industry.
46
Amoako-Adu, Ben, and Joseph P. Eshun. "SME Financing in Africa: Collateral Lending vs Cash Flow Lending." International Journal of Economics and Finance 10, no. 6 (2018): 151. http://dx.doi.org/10.5539/ijef.v10n6p151.
Full textAbstract:
It is argued that economic growth in Africa will be enhanced by the expansion of small and medium-sized enterprises (SMEs) but these businesses face financing constraints which tend to hinder their business success. Starting from a discussion of the various sources of financing for SMEs in Africa, it is established that the most effective and cheapest source of capital for the SMEs is debt financing from banking and other microfinance institutions because of lender monitoring and the tax-deductibility of the interest expense. However, collateral requirement which tends to be a major significant factor for mitigating the credit risk of the SMEs presents a problem to lending institutions because of market illiquidity, legal, administrative, and valuation difficulties. SMEs tend to be owned by low income entrepreneurs and families who normally do not have tangible, valuable and liquid collaterals, and even when collaterals are offered, it is a challenge to determine their market value. Often these problems result in the rejection of SME loan applications. As a solution to this problem, the paper introduces a concept of cash flow lending as a better alternative to the traditional asset-backed lending. While asset-backed or collateral lending emphasizes loan default and recovery from collaterals, cash flow lending is based on projected corporate positive cash flows, the required return of equity, equity valuation of the business, and finally, on the risk-sharing principle between the lender and borrower. For the loan application to be approved, the requested loan and all existing debts of the SME should be less than the equity value of the company as estimated from the free cash flow model.
47
Vidimlić, Selma. "Innovated Altman’s Model as a Predictor of Malfunctioning of Small and Medium-Sized Businesses in Bosnia and Herzegovina." Economic Themes 57, no. 1 (2019): 21–33. http://dx.doi.org/10.2478/ethemes-2019-0002.
Full textAbstract:
AbstractThe research was conducted with the aim of finding a model that best predicts the financial success or failure of the company. On the sample of 392 SME in Bosnia and Herzegovina, testing possibilities using the innovated Altman’s model for prediction of financial difficulties of the enterprise was carried out. The financial statements from the end of the year 2014 of these companies were reviewed. The sample was divided into two groups: companies that had blocked transaction accounts during 2015 and 2016 and those companies that did not have blocked transaction accounts during this period. Testing has shown that the Altman’s model may, but with limited capability, be used to predict the disruption of small and medium-sized businesses in Bosnia and Herzegovina. The paper presents the facts that affect the business of SME in Bosnia and Herzegovina, and way they influence selection and, possibly, other predictors of non-business operations
48
Shonubi, Ololade Kazeem, and Saheeb Oluwafemi Taiwo. "Self-Employed Graduate Entrepreneurs And Management Of Small And Medium Enterprises (SMEs) In Lagos State, Nigeria." International Business & Economics Research Journal (IBER) 12, no. 5 (2013): 585. http://dx.doi.org/10.19030/iber.v12i5.7833.
Full textAbstract:
This paper examines what enables self-employed entrepreneurial graduates to successfully manage their businesses despite that they never had formal education in any management course(s) but thrive within an environment full of unforeseen uncertainties, such as lack of business incentives, unfavorable government policies, inadequate infrastructures in Nigeria, to mention but a few. In adopting Okalas in-built myths of entrepreneurs, the quantitative approach of research was utilized with a cluster sampling technique to select 427 small and medium scale entrepreneurs in Lagos State, Nigeria. The chi-square method of data analysis used as a method of data analysis indicates that in-born traits, risk-taking and entrepreneurial learning contribute to SME success. Herron and Robinsons (1993) theory was adapted to explain what makes entrepreneurs succeed. It was recommended that to be successful as managers, every unsuccessful SME manager should look inward and attempt to discover some in-born management characteristics that lie within them to be a successful manager.
49
Branch, NaShawn, and Michael H. McGivern. "Telecommunications Entrepreneurial Orientation (TELEO)." International Journal of Strategic Information Technology and Applications 5, no. 2 (2014): 13–26. http://dx.doi.org/10.4018/ijsita.2014040102.
Full textAbstract:
The purpose of this research was to study the significance of entrepreneurial orientation (EO) on business performance of small to medium enterprises (SME) in the telecommunications industry. This study utilized the EO scales with a web-based survey to question executives in the telecommunications industry. The test results with the variables pro-activeness and risk-taking did not show significance. No levels of innovativeness were significant for evaluating business performance. The results demonstrate evidence that testing for pro-activeness and risk taking may be an indicator for testing for entrepreneurial success for small to medium businesses in the telecommunications industry. The key findings suggest trends for utilizing EO scales for testing entrepreneurial ventures in the telecommunications industry. This research proves beneficial to industry practitioners, board members, and venture capitalists seeking tools for evaluating the success of telecommunications companies.
50
Stewardson, Dave, and Shirley Coleman. "Success and Failure in Helping SMEs." Industry and Higher Education 17, no. 2 (2003): 125–30. http://dx.doi.org/10.5367/000000003101296783.
Full textAbstract:
This paper describes the outcomes of work conducted to help local small and medium-sized enterprises (SMEs) since 1999 by a unit attached to a university in the North East of England. It describes the pattern of help offered, the uptake rates, levels of assistance and the types of outcome measures achieved. Certain regions of Europe have been given special status as areas that are in need of varying degrees of funded assistance. The North East of England is one such area and has attracted several hundreds of millions of pounds in European-sponsored State Aid as a result. The paper describes briefly how some of this money has been used to help SMEs design products more quickly, reduce waste and re-work, and introduce continuous improvement to key business processes. It then details the numbers and types of companies concerned, how many companies dropped out of the project early, the patterns of work and the measured outcomes. The authors examine the uptake rates, and discuss possible reasons why some SMEs do not make full use of the facilities on offer. Anecdotal evidence of SME owner motivations and decision criteria is also presented. Reasons for the overall success of the unit's efforts are suggested, as are ways to improve the potential for SME engagement throughout the HE sector.