Management of Innovation in Micro, Small and Medium Enterprises in the Middle East and North Africa (MENA)

Author(s):  
Nomita Sharma
2021 ◽  
Vol 16 (5) ◽  
pp. 55
Author(s):  
Khaled Otman

In the Middle East and North Africa (MENA) region, Small and Medium Enterprises (SMEs) are now widely recognized as engines of economic development. This paper discusses the importance of SMEs in the MENA economic area and identifies the challenges and barriers facing SMEs in MENA countries. In addition, this study analyses the effects of two 'black swan' Coronavirus disease (COVID-19) phenomena and a decline in oil prices on the economy of MENA in 2020. The current study found that the most significant challenges were identified as lack of access to finance, lack of managerial expertise, inefficiencies of government, lack of a well-trained workforce, inadequate infrastructure, corruption and bureaucratic obstacles. Among these challenges, the lack of access to finance appears to be the major challenge and suggests that future research is required to identify the role of Islamic finance models in the financing of SMEs in MENA countries. This research provides all stakeholders with policy implications intended for enhancing the different features of SME improvement in the MENA region and generally in developing countries.


Author(s):  
Rafael Ignacio Pérez-Uribe ◽  
Maria Del Pilar Ramirez-Salazar

This chapter is based on a work of approximately twelve years implementing the MMOM (Model of Modernization for Organizational Management) in about 310 Small and Medium Enterprises (SMEs). In this way we wanted to analyze which of sixteen components better explain the behavior of innovation management and knowledge. This is in order to present to the entrepreneurs of this type of companies and to the academics, that a series of activities in which to concentrate to develop this component. A multivariate analysis was carried out, specifying a dependent variable in the innovation and knowledge component. The remaining fifteen elements act as independent variables, in such a way that this statistical model yielded the predictive mathematical equation. This equation showed that showed those factors that work preferentially in order to develop innovative SMEs.


Author(s):  
Nadir Naveed Ahmed ◽  
Krishnadas Nanath

Cybersecurity is described as the protection of data resources by treating threats that jeopardize data. Enterprises must manage the cybersecurity risks so that the security and resilience of their assets may be improved. Cyber-attacks on Small and Medium Enterprises (SMEs) are rising. However, they often lack effective strategies to prevent threats such as malware, phishing, denial of service (DoS), and others. Their weak defense system is often an attractive avenue for hackers to explore loopholes. There is a lack of cybersecurity initiatives in SMEs, and several past attacks have exposed the weak systems. This paper first attempts to investigate the current scenario of cybersecurity in the context of Middle East SMEs. A survey of SMEs in the Middle East (cybersecurity space) helped understand the existing scenario, actual requirements, and challenges SMEs face. The research then explores the need for SMEs to choose the apt security solution to cater to their business needs. By reviewing the existing standards and pointers in different parts of the world, this research proposes a cybersecurity recommender system for SMEs in the Middle East. One of the survey findings reveals that most SMEs require adequate cybersecurity awareness, followed by evaluating the organization’s preventive capabilities. The dearth of information available online and the IT consultants’ conflicting guidance usually creates an information overload in deciding a neutral solution to address their needs. The recommender system attempts to structure the information available as a framework in deciding a cybersecurity solution for SMEs.


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