scholarly journals Framework and Development of Malaysian Business Ethics Module

2018 ◽  
Vol 56 ◽  
pp. 04004
Author(s):  
Khalidah Khalid Ali ◽  
Mohd Nizam Mohd Ali ◽  
Siti Aisyah Panatik ◽  
Abdul Rahman
Keyword(s):  
Economic Growth ◽  
Business Ethics ◽  
Open Economy ◽  
Small Businesses ◽  
Industrial Development ◽  
Small And Medium Enterprises ◽  
National Level ◽  
The Government ◽  
Governmental Institutions ◽  
Medium Enterprises

Malaysia is striving to be a developed nation by the year 2020 as well as realize the aspirations of Dasar Transformasi Nasional within an open economy supporting globalization. The government, through its socio-economic and development policies has been promoting entrepreneurship and small businesses to sustain the nation’s economic growth in a challenging competitive global ecosystem. Small and medium enterprises (SMEs) play a vital role in the Malaysian economy and are considered to be the backbone of the nation’s industrial development. Latest statistics show that 99.6% of local businesses are micro, small and medium enterprises. As much as they play an important role in driving the nation’s economic growth, a quantitative research study by the Malaysian Ministry of Domestic Trade, Cooperatives and Consumerism, Integriti Malaysia and Universiti Teknologi Malaysia in 2014 has significantly found that ethics has not been comprehensively applied in the conduct of small and micro-businesses in Malaysia. In addition, these businesses lack exposure to ethics training and education. As business ethics is important to sustain customers’ loyalty, avoid legal suits as well as drive foreign direct investment for the nation’s economic and societal wellbeing, there is a critical need to educate small and micro-businesses on ethics. Consequently, a collaborative government-academic national level research project was initiated in mid-2017 to develop a Malaysian business ethics module, Etika Perniagaan Malaysia (EPM) to address this gap. This paper shares the framework, method and content development of the business ethics module to establish and train the Professional Practitioners Group (PPG) from public and private institutions as well as related non-governmental institutions to impart business ethics knowledge to small and micro-businesses in Malaysia through active learning methods. The module hence aspires to create consciousness on the importance of ethics and its application in business for economic and social sustainability.

PENGARUH INFLASI TERHADAP KESTABILAN DAN EKSISTENSI USAHA EKONOMI MIKRO

2021 ◽  
Vol 3 (1) ◽  
pp. 53-74
Author(s):  
Erik Bisri Alamsyah ◽  
Kushartono Kushartono ◽  
Yoan Catur Arinsa
Keyword(s):  
Economic Growth ◽  
Small Businesses ◽  
Small And Medium Enterprises ◽  
National Development ◽  
Cultural Economic ◽  
National Welfare ◽  
The Government ◽  
Business Entities ◽  
Medium Enterprises ◽  
The Impact

Indonesia, as a developing country, realizes the importance of economic development to create national welfare. This national development covers various aspects of life such as the political, social, cultural, economic and defense and security sectors aimed at meeting the needs of all Indonesian people, whose main objective is towards a just and prosperous Indonesian society.Economic growth is a measure for the success of a country's development, especially in the economic field. A country has an economic growth that has increased continuously every year will promote development in that country. In macroeconomics, the overall economic condition of a country is explained in relation to economic growth. The success of a country's development lies in its economic growth. Therefore, the ups and downs of the economy will certainly affect several sectors.In the economy of a country or a region, in fact there are various sectors that show the level of economic growth, namely the formal and informal sectors. In the informal sector, generally small businesses with limited capital, scope and development and received very little official protection from the government. There are also many informal sectors that can be appointed as an activity or job to generate income in a community, one of which is establishing their own business or by establishing micro, small and medium enterprises (MSMEs). Micro, Small and Medium Enterprises are the business groups that have the largest number. The micro, small and medium enterprises are regulated based on Law Number 20 of 2008 concerning UMKM Article 1 number 1 what is meant by Micro Enterprises are productive businesses owned by individuals or individuals and / or individual business entities.2 Micro Economic Businesses are businesses that have the potential to be affected by the impact of there is an economic phenomenon, namely inflation.Keywords: UMKM; National development; National Economy.

The Impact of Globalization on Development of MSMEs

2021 ◽  
Vol 2 (1) ◽  
pp. 46-60
Author(s):  
Rama Mohana Rao Katta ◽  
Chandra Sekhar Patro
Keyword(s):  
Small And Medium Enterprises ◽  
National Level ◽  
Work Conditions ◽  
Firm Level ◽  
Market Opportunities ◽  
Growing Economy ◽  
The Government ◽  
Medium Enterprises ◽  
The Impact

Globalization has been a significant force in the development of the market and economic environments. The micro, small, and medium enterprises (MSMEs) need to focus on technological capabilities to face the competition in the globalized market. They have to analyze the market opportunities in the rapidly growing economy as well as emerging markets. The aids of a globalized and digital economy depends to an excessive extent on favourable business environments and healthy competition. The performance of MSMEs depends on accessibility to various strategic resources like abilities, technical know-how, innovativeness, and finance. Thus, it is imperative to consider the factors influencing work conditions firm level, and the strategies formulated at the national level are organized to local business perspectives. This paper examines the global scenario of MSMEs, the impact of globalization, the role of MSMEs in India, the growth perspectives of MSMEs during the pre-and post-globalization period, the critical challenges, and the role of the government in encouraging and developing MSMEs.

scholarly journals Social Media Marketing: Gateway to Success for Homepreneurs

2020 ◽  
Vol 9 (4S) ◽  
pp. 66-70
Keyword(s):  
Economic Growth ◽  
Social Media ◽  
Small Business ◽  
Small And Medium Enterprises ◽  
Online Marketing ◽  
Indian Government ◽  
Government Data ◽  
The Government ◽  
The Individual ◽  
Medium Enterprises

As stated by the International Labour Organization (ILO), unemployment rate in India was at 3.5% in 2018 and 18.9 million people were jobless. The government of India constantly motivates its citizens to become entrepreneurs and create employment opportunities for others by launching programs like start up India, mudra bank, fund of funds and many others. As per the Indian government data, Micro, Small and Medium Enterprises (MSME) contribute nearly 8 percent of the country's GDP which reflects they play a significant role in the country's GDP. Each year, thousands of determined entrepreneurs start new businesses however only handful of them survives and plenty of small business are gone by the end of four years of their establishment. The major reason behind business failures are lack of experience, insufficient capital and poor location. Entrepreneurship is so dynamic in nature that it gives plausible solution for all potential entrepreneurs out there. One of the solutions for budding entrepreneurs is becoming a homepreneur. Homepreneurs are business entrepreneurs operating from their home. They are managing their business operations from home. It is a splendid opportunity for those who want to start something new without investing huge capital and taking bigger risks. The question arises is how do they attract their target audience without investing larger amount and time to meet them. One of the answers to this question is social media. Social media are interactive websites and applications that are designed to allow people to share content quickly, effectively and real time. Social media channels and online marketplaces have made it simple for homepreneurs to reach new audience, deliver products and receive payments. Platforms like Face book, Instagram, Watsapp, YouTube, Twitter, Google Ad, Mobikwik and various other applications are useful for marketing. Almost every individual is connected on one of above mentioned platforms. Social media has changed the face of marketing and completely taken communication, advertising and online marketing to the next level. The researcher will use phenomenology as the method of research. This research paper will explain the concept of homepreneurs; will put a light on various social media platforms for homepreneurs; will talk about their advantages and highlight its working. It will also share many examples of homepreneurs actively participating on these platforms and achieving success. This will definitely help the group who want to start a small business to understand the framework of homepreneurship and functional for those who want to expand their business operation online. As said by late prime minister Atal Bihari Vajpayee “Empowering the individual means empowering the nation. And empowerment is best served through rapid economic growth with rapid social change”. Entrepreneurship is pivotal for individual empowerment, economic growth and sustainable development.

scholarly journals Competitiveness attributes of Small and Medium Enterprises (SMEs) in the global market (case study: garment SMEs in Tri Tunggal Village, Lamongan)

2018 ◽  
Vol 204 ◽  
pp. 01011
Author(s):  
Issa Dyah Utami ◽  
Trisita Novianti ◽  
Teuku Iqbal Dianta Romansa
Keyword(s):  
Marketing Strategy ◽  
Small And Medium Enterprises ◽  
National Level ◽  
Global Market ◽  
Role Of Government ◽  
Highest Weight ◽  
National Market ◽  
Network Process ◽  
The Government ◽  
Medium Enterprises

The center of small and medium enterprises (SMEs) of garment in Tritunggal Village, Lamongan produces t-shirts, jackets, sport costumes and school uniforms, and other garment products. The SMEs have a potential opportunity to develop their marketing strategy so that they can compete with similar industries and obtain profit from the national market. This study aims to identify main criteria of marketing strategy to compete with other garment industries at the national level. The criteria determine the improvement of competitiveness of the SMEs. A review of literature was conducted to identify the criteria. Then, three respondents from the SMEs and the government were asked to score the criteria based on their preferences, using a questionnaire. Purposive sampling was used to choose the respondets Responses were selected and weighted using Analytical Network Process (ANP) and Super decision software was used to obtain the highest weight of criteria. Outputs of the software show that the role of government in developing garment industry has the highest weight, which is 0.11665. The results of this study could help the SMEs and the government plan a strategy in improving the SMEs’ capability in entering the global market.

scholarly journals THE INFLUENCE OF SMALL AND MEDIUM ENTERPRISE GROWTH, INVESTMENT, AND LABOR ON ECONOMIC GROWTH IN BATAM CITY

2020 ◽  
Vol 9 (1) ◽  
pp. 31
Author(s):  
Intan Utna Sari ◽  
Asron Saputra
Keyword(s):  
Economic Growth ◽  
Time Series Data ◽  
Small And Medium Enterprises ◽  
Linear Regression Analysis ◽  
Secondary Data ◽  
Multiple Linear Regression Analysis ◽  
Series Data ◽  
Analysis Model ◽  
The Government ◽  
Medium Enterprises

One of the important benchmarks in determining the success of economic development is economic growth. The role of the government in achieving development success is to determine the direction of development policies and to achieve these development targets a good development plan is needed to realize stable economic growth in order to improve people's welfare, namely by increasing Small and Medium Enterprises, Investment and Manpower. This study aims to determine the simultaneous and partial effect of Small and Medium Enterprises, Investment and Labor on the economic growth of Batam City. The data source is secondary data using panel data consisting of time series data for three years and cross section data of nine districts which resulted in 45 observations. The analysis technique used to solve the problem in this study is the multiple linear regression analysis model. The results of this study indicate that in terms of small and medium enterprises, investment and labor have a significant effect on economic growth in Batam City. This indicates that the number of SMEs (Small and Medium Enterprises), Investment and Manpower in Batam City can determine the level of economic growth in Batam City. This is because SMEs, investment and labor are activities that can produce goods or services. Partially Small and Medium Enterprises, Investment and Labor have a positive and significant effect on economic growth in Batam City, meaning that if the number of Small and Medium Enterprises, Investment and Labor is increased, economic growth will also increase.

scholarly journals THE IMPACT ASSESMENT OF THE MICRO FINANCE TO FINANCIAL INCLUSION AND BISUNESS GROWTH: A STUDY OF THE MICRO, SMALL AND MEDIUM ENTERPRISES IN IGEMBE SOUTH (KENYA)

2018 ◽  
Vol 3 (1) ◽  
pp. 1
Author(s):  
Martin Guantai Kanake ◽  
Dr. R. Mahesh
Keyword(s):  
Small Businesses ◽  
Default Risk ◽  
Small And Medium Enterprises ◽  
Distribution Channel ◽  
Financial Inclusion ◽  
Microfinance Institutions ◽  
Development Fund ◽  
The Government ◽  
Medium Enterprises ◽  
The Impact

Purpose: The purpose of this study was to assess the impact of microfinance on financial inclusion and business growth in Igembe South District Kenya.Methodology: Descriptive research was used in discovering the research objectives. The research targeted the micro, small and medium sized businesses operating in Maua town (Igembe south District), 2181 of which were registered and licensed. A sample of 280 businesses (12.84% of the population) participated in the study.Results: This study revealed that microfinance institutions played a major role in improving financial inclusion among the small business owners who previous research has shown that they have been traditionally excluded from the formal banking systems. 78% of the respondents had access to the micro finance services while 60% had active microcredit in the preceding 12 months. It was clear that the microfinance institutions were cultivating the culture of saving among the micro entrepreneurs. However, most of the new businesses specifically those less than one year of age minimally benefitted from the micro finance services. It was also noted that default risk among the small businesses remains to be a challenge that micro credit lenders have to overcome for continued services provision. Working capital requirement was the leading reason for borrowing from micro finance institutions by the businesses.Unique contribution to theory, practice and policy: The study found that there was a good complementation between the existing micro finance institutions and the public entrepreneurial programs initiated by the government of Kenya such as Youth Entrepreneurs Development Fund, Women Enterprise Fund, Uwezo Fund and other County governments initiatives. The study recommended that the microfinance institutions should also be included in the distribution channel of these public funds for stronger linkage with the target groups. The MFIs should also utilize Credit Reference Bureau services to reduce the problem of default.

scholarly journals State-Owned Enterprise Partnership Program as a Form of Corporate Social Responsibility to Small and Medium Enterprises

2021 ◽  
Vol 2 (4) ◽  
pp. 535-545
Author(s):  
Muhammad Yusrizal
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Small Businesses ◽  
Small And Medium Enterprises ◽  
Active Role ◽  
Net Benefit ◽  
For Profit ◽  
The Government ◽  
Medium Enterprises ◽  
Corporate Social

State-Owned Enterprises (SOEs) have a very important role in the implementation of the national economy in order to realize the welfare of the people. SOEs are seen as having a strategic role in fostering and developing private and cooperative businesses. The government through its regulations has mandated SOEs to participate in assisting the government in implementing the development policies that have been outlined, this is as mandated in Article 88 of Law no. 19 Year 2003 on SOEs, which in the article instructs SOEs to set aside a parcel of their net benefit for the reason of cultivating little businesses and cooperatives as well as cultivating the community around the company. The existence of the provisions of Article 88 means that SOEs are not only looking for profit, but also must play an active role in developing and fostering small businesses and cooperatives, so SOEs will have the responsibility Corporate social responsibility that can be sued is the same as other private companies in Indonesia.

scholarly journals TAX ADMINISTRATION OF SMALL AND MEDIUM BUSINESS ACTIVITIES IN UKRAINE

2021 ◽  
Vol 26 (2(87)) ◽  
Author(s):  
Roman Sydorenko
Keyword(s):  
Financial Reporting ◽  
Small Businesses ◽  
Small And Medium Enterprises ◽  
Tax Administration ◽  
Main Task ◽  
The Government ◽  
Imperfect System ◽  
Medium Businesses ◽  
Medium Enterprises ◽  
Taxation System

The article examines the effectiveness of tax administration of small and medium-sized businesses in Ukraine. Small and medium-sized businesses in Ukraine, as well as around the world, play an important role in the country's economy. State support for existing small businesses and incentives to create new businesses makes it possible to increase revenues from taxes and fees to the budgets of various levels, create new jobs without spending public funds, promote new products and services, help citizens express themselves. etc. In Ukraine, in such entities, more than 80% of all employees work and they produce about 65% of the total cost of manufactured products in the country. These shares have tended to grow steadily in recent years. To support such businesses, the government has created a simplified taxation system and simplified financial reporting. Based on the study, it was found that the main constraints in the development of small and medium enterprises in the country are cumbersome regulatory support for taxation of small and medium businesses, complex reporting forms and imperfect system of tax administration. Ukraine is one of the last places in Europe in terms of the time a taxpayer has to spend calculating tax liabilities, paying taxes and fees, and filling out reporting forms. It was established that the main task of the state tax service, instead of advising taxpayers and controlling their payment of tax liabilities, was to fill the budgets of various levels and cover the existing deficit. This led to opposition among businesses and the transfer of part of their activities "in the shadows". To solve this problem, it is proposed to simplify reporting forms for small and medium-sized businesses, improve and strengthen the advisory and explanatory activities of the tax service and eliminate the obligation to impose penalties on inspections of regulatory authorities, regardless of the actual results of the inspection. Improving the tax administration of such businesses will make it easier for the national economy to end the global economic crisis caused by the pandemic and to speed up the recovery and growth of domestic production and consumption.

scholarly journals PREPARING THE ASEAN ECONOMIC COMMUNITY (MEA) WITH THE DEVELOPMENT STRATEGY OF SMALL AND MEDIUM ENTERPRISES (UMKM) TO GET BUSINESS CREDIT IN KELURAHAN CIBADUYUT BANDUNG

2019 ◽  
Vol 3 (03) ◽  
Author(s):  
Dewi Untari ◽  
Dewi Endah Fajariana ◽  
Muchamad Ridwan
Keyword(s):  
Development Strategy ◽  
Small Businesses ◽  
Small And Medium Enterprises ◽  
Profit Sharing ◽  
Shared Responsibility ◽  
Capital Financing ◽  
Financial Consultant ◽  
The Government ◽  
Financial Consultants ◽  
Medium Enterprises

From the results of interviews and preliminary observations that the development of Small and Medium Enterprises is essentially a shared responsibility between the government and society. In order to support the empowerment and development of Micro, Small and Medium Enterprises, especially in encouraging the distribution of credit to Micro, Small and Medium Enterprises in Cibaduyut Urban Village, for the development of Micro, Small and Medium Enterprises in Cibaduyut Village, Bandung, the strategies included in the first Bank Partner Financial Consultants in fostering and mentoring Micro Small Enterprises and Medium prospects who apply for business loans; second, socializing profit sharing or venture capital financing; third Increasing the participation of credit guarantee institutions for Micro, Small and Medium Enterprises and prospects who are faced with collateral requirements. It is expected that with the implementation of the above strategies, Micro, Small and Medium Enterprises will no longer experience difficulties in the submission of business capital loans from Credit Distribution Agencies. From each solution above, it is building and mentoring Micro and Small and Medium Enterprises, prospects who will apply for business loans. The results of the study showed that the community in the Cibaduyut Village with the optimization of the role of the Bank Partner Financial Consultant (KKMB), the requirements and procedures established by the credit channeling institutions, were no longer an obstacle for Micro and Small Businesses in obtaining business capital loans. The success of this approach will be seen from the increasing number of bankable Micro, Small and Medium Enterprises and obtaining business capital loans, and having a Bank Partner Financial Consultant (KKMB) operating on a business (mutually beneficial) basis so that it can finance itself.

scholarly journals STRATEGI PEMBERDAYAAN UMKM JATIM DALAM MENGHADAPI MASA PANDEMI

2021 ◽  
Vol 3 (2) ◽  
pp. 77
Author(s):  
Diana Rapitasari ◽  
Soehardi Soehardi
Keyword(s):  
Economic Growth ◽  
Poverty Alleviation ◽  
Development Process ◽  
Small And Medium Enterprises ◽  
Supply And Demand ◽  
Critical Role ◽  
Provincial Government ◽  
National Economic ◽  
The Government ◽  
Medium Enterprises

Following the COVID-19 pandemic, Micro, Small, and Medium Enterprises (MSMEs) play a critical role in supporting national economic growth. The MSME sector has been particularly hard hit by the COVID-19 pandemic, which has disrupted supply and demand as well as supply chains, causing the economy's wheels to grind to a halt at the MSME level. MSMEs must be supported by the government and other stakeholders in order to grow and develop. The goal of empowering MSMEs is to achieve a balanced, developing, and equitable national economic structure, as well as to boost regional development, job creation, income distribution, economic growth, and poverty alleviation. The East Java Provincial Government has developed a policy as a strategy for empowering MSMEs in East Java, so that MSMEs are not disrupted in their development process during the pandemic.Keywords : strategy, MSME empowerment, pandemic

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