Value capture mechanism: R & D productivity comparison of SMEs

2015 ◽  
Vol 53 (2) ◽  
pp. 318-337 ◽  
Author(s):  
HanGyeol Seo ◽  
Yanghon Chung ◽  
Dongphil Chun ◽  
Chungwon Woo
Keyword(s):  
Lead Time ◽  
Manufacturing Industry ◽  
Institutional Environment ◽  
Small And Medium Enterprises ◽  
Value Capture ◽  
Content Type ◽  
Factors Affecting ◽  
Complementary Assets ◽  
Medium Enterprises ◽  
Informal Strategies

Purpose – The purpose of this paper is to examine which value capture strategies are efficient in the invention stage and commercialization stage for small and medium enterprises (SMEs). Design/methodology/approach – According to the characteristic of four primary value capture strategies, the authors categorized the formal-oriented strategy (patent), informal-oriented strategies (secrecy, lead-time), mix strategies (both formal and informal strategies), and whether to invest in complementary assets. In order to assess R & D productivity based on value capture strategy, this paper applied the two-stage data envelopment analysis for data collected from Korea Innovation Survey 2010. The sample was made up of 640 SMEs in manufacturing industry. Findings – The results suggest that informal strategy (secrecy, lead-time) is efficient in the invention stage. Furthermore, mixed use of formal (patent) and informal strategies results in higher productivity in the commercialization stage. Lastly, the results suggest that productivity may vary depending on the investment in complementary assets. Whereas the investment in complementary assets may reduce R & D productivity at the invention stage, it may increase the productivity at the subsequent commercialization stage. Research limitations/implications – This paper did not consider external conditions such as institutional environment, industry characteristics and complexity of technology, as possible factors affecting their firm performance that need future studies. Practical implications – For practitioners, the results seem to stress that should be good at combining value capture strategies in order to capture financial performance from the invention. Originality/value – This study is a novel attempt to analyze R & D productivity in terms of each value capture strategy throughout the two stages: invention stage; commercialization stage.

Unravelling SMEs’ participation and success in public procurement

2020 ◽  
Vol 20 (4) ◽  
pp. 377-401 ◽  
Author(s):  
Carmela Di Mauro ◽  
Alessandro Ancarani ◽  
Tara Hartley
Keyword(s):  
Small And Medium Enterprises ◽  
Public Procurement ◽  
Sample Selection ◽  
Cross Sectional ◽  
Content Type ◽  
Factors Affecting ◽  
The Public ◽  
Ex Post ◽  
Medium Enterprises

Purpose This paper aims to investigate the role of micro, small and medium enterprises (MSMEs) within the Canadian public procurement, by seeking to identify barriers and supporting factors of MSMEs’ participation and success in public tenders. Design/methodology/approach The empirical analysis builds on a unique survey run by the Canadian federal government, which addressed firms either participating or not participating in public tenders. Model estimation on the survey data relies on sample selection methodologies, which allow separating determinants of MSMEs’ decision to participate from determinants of success. Findings Results provide evidence that costs stemming from asset specificity and uncertainty (e.g. costs of bidding, requirements for participation, bundling of contracts and award rules based on minimum price) affect participation in public procurement. Within MSMEs, micro-firms are the most discouraged from participating. However, after controlling for factors affecting participation, micro-firms emerge as having a higher success rate, possibly because of high specialization and joint participation with larger firms. Research limitations/implications Because of the cross-sectional nature of the data used for hypotheses testing, endogeneity may arise if ex post variables affect ex ante decisions. This may apply if participation in procurement feeds on success in past tenders. Social implications Findings may inform policies for the inclusion of smaller firms in the public marketplace. Originality/value To the best of the authors’ knowledge, this study is the first attempting to disentangle determinants of participation in public tenders from determinants of success. Separating the two aspects helps fine-tune SME-friendly public procurement policies, by identifying actions that effectively facilitate success of MSMEs in public tenders.

Exploring the individual, social and organizational predictors of knowledge-sharing behaviours among communities of practice of SMEs in Malaysia

2018 ◽  
Vol 20 (3) ◽  
pp. 375-399 ◽  
Author(s):  
Christine Nya-Ling Tan ◽  
T. Ramayah
Keyword(s):  
Communities Of Practice ◽  
Manufacturing Industry ◽  
Small And Medium Enterprises ◽  
Social Factor ◽  
Content Type ◽  
Electronic Manufacturing Industry ◽  
Prior Literature ◽  
Perceived Consequences ◽  
The Individual ◽  
Medium Enterprises

Purpose To compete in a globally challenging environment, small and medium enterprises (SMEs) are increasingly pressured to leverage their relational capital to stay competitive. The purpose of this study is to model the KS behaviour of SMEs in an increasingly networked world through communities of practice (CoP). Design/methodology/approach Data were collected using a survey instrument developed based on prior literature from SMEs operating only in the electronic manufacturing industry. A total of 120 responses were received of which only 100 were valid. SmartPLS, a second-generation analysis software, was used to analyse the model developed. Findings The findings indicated that affect, reward, perceived consequences and social factor were all positive predictors of KS behaviour of SMEs in communities of practice. Interestingly, the facilitating conditions were found to negatively influence KS behaviour. Practical implications The findings are helpful to SMEs who are embarking on knowledge management (KM) practices in their respective companies and may be used to leverage the drivers of KM to improve more sharing behaviour that keeps SMEs competitive. Originality/value To the best of the authors' knowledge, few studies have explored the individual (i.e. perceived consequences, affect), social (i.e. social factor) and organisational (i.e. facilitating condition, reward) predictors of KS behaviour among CoP’s in Malaysian SMEs.

Factors affecting the entrepreneurial leadership in small- and medium-sized enterprises (SMEs) of Pakistan

2019 ◽  
Vol 15 (1) ◽  
pp. 31-44 ◽  
Author(s):  
Bahadur Ali Soomro ◽  
Naimatullah Shah ◽  
Shahnawaz Mangi
Keyword(s):  
Small And Medium Enterprises ◽  
Personality Factor ◽  
Entrepreneurial Leadership ◽  
Quantitative Methodology ◽  
Cross Sectional ◽  
Content Type ◽  
Factors Affecting ◽  
Strategic Factor ◽  
Top Managers ◽  
Medium Enterprises

PurposeThe purpose of this paper is to examine the factors that affect the entrepreneurial leadership in small and medium enterprises (SMEs) of Pakistan.Design/methodology/approachA conceptual framework is developed after reviewing a vigorous literature. This is a quantitative methodology in which cross-sectional data are collected from top managers and founders in SMEs of Pakistan through a survey questionnaire. The random technique is applied for the collection of data. The total samples are 352. Initially, 500 survey questionnaires are distributed through personal visits in different cities of Pakistan. The returned rate is noticed as 70 percent.FindingsThe data are analyzed through Statistical Package for Social Sciences version 24.0. The overall Cronbach’sαreliability is 0.866. On the other hand, theαfor all variables (dependent and independent) is observed within the adequate ranges. The overall findings reveal that there is a positive and significant relationship among strategic factor, motivational factor, personality factor, communicative factor and entrepreneurial leadership.Practical implicationsThis study may contribute to existing efforts to assimilate the arenas of strategy, motivation, communication, leadership and entrepreneurship. In addition, by reviewing the outcomes of present study, the policy makers and planners may further concentrate for promoting SMEs sector that is famous as a backbone for economic development.Originality/valueThis study is original and valuable with respect to data and context. The findings of such study may play a substantial role in the stability of the economy in Pakistan through enriching the SMEs sector.

The effect of market orientation as a mediating variable in the relationship between entrepreneurial orientation and SMEs performance

2016 ◽  
Vol 7 (1) ◽  
pp. 39-59 ◽  
Author(s):  
Muslim Amin ◽  
Ramayah Thurasamy ◽  
Abdullah M. Aldakhil ◽  
Aznur Hafeez Bin Kaswuri
Keyword(s):  
Market Orientation ◽  
Significant Relationship ◽  
Entrepreneurial Orientation ◽  
Manufacturing Industry ◽  
Small And Medium Enterprises ◽  
Peninsular Malaysia ◽  
Entrepreneurial Firms ◽  
Content Type ◽  
Medium Enterprises ◽  
The Relationship

Purpose – This study aims to examine the effect of market orientation (MO) as a mediating variable in the relationship between entrepreneurial orientation (EO) and small and medium enterprises (SMEs)’ performance. Design/methodology/approach – A total of 500 SMEs in the manufacturing industry of food and beverages were involved in this study with a response rate of 117. Data collection was conducted in all states of Peninsular Malaysia including the northern, central, southern and eastern regions. Findings – The findings show that EO has a significant relationship with MO, and MO has a significant relationship with SME performance. MO will mediate the relationship between EO and SMEs’ performance. Practical implications – The higher the EO implemented in a business, the more willing a company will be to implement MO. This analysis shows that highly entrepreneurial firms tend to be highly market orientated and this affects SMEs’ performance. Originality/value – The results of this study show that the characteristic of entrepreneurial and MO practiced by SMEs in Malaysia has been significantly affected the SMEs’ performance. It indicates that EO offers a holistic and systematic model for supporting SMEs to build a well-maintained environment of MO and SMEs’ performance.

Investigating entrepreneurial success factors of women-owned SMEs in UAE

2018 ◽  
Vol 56 (1) ◽  
pp. 219-232 ◽  
Author(s):  
Namrata Gupta ◽  
Anita Mirchandani
Keyword(s):  
Women Entrepreneurs ◽  
Success Factors ◽  
Small And Medium Enterprises ◽  
Arab World ◽  
Mail Survey ◽  
Government Support ◽  
Entrepreneurial Success ◽  
Content Type ◽  
Factors Affecting ◽  
Medium Enterprises

Purpose The purpose of this paper is to investigate the key factors affecting the success of women entrepreneurs who own and manage Small and Medium Enterprises (SMEs) in UAE. The extant literature on the relationship between determinants of entrepreneurial success points to a lack of clarification of the link between success factors (Personal, environmental and other) and performance of women-owned SMEs particularly in UAE. Design/methodology/approach A self-administered questionnaire, through mail survey, is used to collect the data. Cronbach’s α test and factor analysis have been carried out to test the reliability of data and validate the hypothesis. Findings The results suggested that the personal, environmental factors and government support affect positively and significantly to the success of women-owned SMEs in UAE. Research limitations/implications The study has some limits as to its potential for generalization owing to the sample size, wide geographic spread of respondents and time limitations with the respondents. Practical implications The results indicate that several factors including personal, environmental and government support are linked with the success of women entrepreneurs of UAE. The results of this study will provide some insights to policymakers and business practitioners to formulate the strategies intended to promote unveiled potential among women entrepreneurs in UAE. Originality/value Most of the studies focused on women entrepreneurship have taken either their motives or the hurdles faced by them into consideration. Moreover, only a few studies have been carried out in Arab world particularly in UAE. Therefore, this study is an attempt to fill the gap and contribute to a better understanding of UAE’s women-owned SMEs.

How does management perceive export success? An empirical study of Moroccan SMEs

2015 ◽  
Vol 21 (1) ◽  
pp. 126-151 ◽  
Author(s):  
Hind El Makrini
Keyword(s):  
Customer Orientation ◽  
Small And Medium Enterprises ◽  
Cross Sectional ◽  
Policy Makers ◽  
Resource Based View ◽  
Content Type ◽  
Factors Affecting ◽  
Quantitative Design ◽  
Medium Enterprises ◽  
Practical Implications

Purpose – The purpose of this paper is to examine the managerial determinants of the export success of Moroccan small and medium enterprises (SMEs) based on resource-based view (RBV) of a firm. Design/methodology/approach – The quantitative design was employed involving a questionnaire completed by 100 managers of Moroccan SMEs. Multiple regression analyses were carried out to confirm or reject eight hypotheses. Findings – It was found that management export commitment and management customer orientation are the main managerial factors in the export success of Moroccan SMEs. Research limitations/implications – The study was limited to one context, and it followed a cross-sectional approach. Export success was measured by only subjective method with Likert scale. The study suggests that further investigations can be made to incorporate other factors affecting export success. Practical implications – The results offer insights into the practices of Moroccan exporting SMEs and recommendations for policy makers as well as an indication for further research. The research can also be used in teaching. Originality/value – First, the tested model is one of few that consider developing country contexts. Second, this research can serve as a guide for future researchers who intend to study export success in other developing countries, particularly in Maghreb regions where there is a gross dearth of research. Therefore, the study is of significant value to practitioners and scholars alike.

Identification of key enablers for total productive maintenance (TPM) implementation in Indian SMEs

2018 ◽  
Vol 25 (8) ◽  
pp. 2611-2634 ◽  
Author(s):  
Abhishek Jain ◽  
Harwinder Singh ◽  
Rajbir S. Bhatti
Keyword(s):  
Manufacturing Industry ◽  
Small And Medium Enterprises ◽  
Research Work ◽  
Decision Makers ◽  
Theoretic Approach ◽  
Total Productive Maintenance ◽  
Content Type ◽  
Graph Theoretic ◽  
Graph Theoretic Approach ◽  
Medium Enterprises

Purpose The purpose of this paper is to identify the key enabler for total productive maintenance (TPM) implementation in Indian small and medium enterprises (SMEs) by using graph theoretic approach (GTA). There are certain enablers for TPM implementation which helps the organization to implement it successfully. It is very essential to identify the nature and impact of these key enablers. Design/methodology/approach A large number of the enablers (27) have identified for TPM implementation in Indian SMEs from the available literature, questionnaire survey and expert opinion. These TPM enablers have categorized into six major categories. Findings In this research work, the intensity of identifying enablers has been calculated to show their impact or influence in TPM implementation. The value of intensity of TPM enablers shows the role or impact of individual enabler in the implementation of TPM in Indian SMEs. Practical implications This study provides an easy-to-use methodology for the practical decision makers in the manufacturing industry to improve their performance by implementing TPM in Indian SMEs. A detailed methodology has prepared to identify the enablers for TPM implementation in Indian SMEs by using GTA. This study also explains that how to check the feasibility of an organization to implement TPM in Indian SMEs successfully. Originality/value TPM is an improvement concept which holds the potential to improve manufacturing organizations, but its implementation is not easy in Indian SMEs. The reason behind the unsuccessful implementation of TPM in most of the organizations is the ignorance of impact of innumerable enablers and barriers.

Supply chain network, information sharing and SME credit quality

2016 ◽  
Vol 116 (4) ◽  
pp. 740-758 ◽  
Author(s):  
Hua Song ◽  
Kangkang Yu ◽  
Anirban Ganguly ◽  
Rabia Turson
Keyword(s):  
Supply Chain ◽  
Information Sharing ◽  
Manufacturing Industry ◽  
Small And Medium Enterprises ◽  
Supply Chain Network ◽  
Path Modeling ◽  
Content Type ◽  
Network Information ◽  
Credit Quality ◽  
Medium Enterprises

Purpose – The purpose of this paper is to examine the effect of small and medium enterprises (SMEs)’ supply chain network on influencing credit quality, or more specifically, whether bridging tie (structural network) or strong tie (relational network) of SMEs in the supply chain can improve the availability of equity and debt capital through information sharing. Design/methodology/approach – A survey was conducted in manufacturing industry in China and 208 valid questionnaires were used to test all the hypotheses. The data were then analyzed by employing partial least squares path modeling. Findings – The results suggest that both strong tie and bridging tie of SMEs can lead to a positive effect on information sharing in supply chain, which can further enhance the credit quality for SMEs. However, without information sharing, the strong tie has not significant influence on SMEs’ credit quality, while bridging tie can directly impact on credit quality. Originality/value – Despite their crucial role in sustaining national economies, SMEs are beset by the critical constraint of risk-free financing. Based on a survey, this research finds that the credit quality of SMEs is affected by two important factors: one concerns information sharing in supply chain and the other relates to the attributes of SMEs’ supply chain network. This study implies that a SME may have a financing advantage for better embedding in the supply chain network, but different effects will be experienced according to constraints associated with information asymmetry in the supply chain.

When do domestic networks cause accelerated internationalization under different decision-making logic?

2020 ◽  
Vol 32 (2) ◽  
pp. 227-256 ◽  
Author(s):  
Juan M. Gil-Barragan ◽  
José A. Belso-Martínez ◽  
Francisco Mas-Verdú
Keyword(s):  
Decision Making ◽  
Resource Constraints ◽  
Institutional Environment ◽  
Small And Medium Enterprises ◽  
Qualitative Comparative Analysis ◽  
Integrative Model ◽  
Data Set ◽  
Content Type ◽  
Medium Enterprises ◽  
The Impact

Purpose Given the unresolved question about which causal conditions contribute to accelerated internationalization among small and medium enterprises (SMEs) from weak institutional environment, this paper aims to combine theoretically relevant antecedents of domestic networks relationships (weak or strong domestic ties) and decision-making logic (effectuation or causation) to explore the configurations that are the most promising for explaining accelerated internationalization. Design/methodology/approach This study uses fuzzy-set qualitative comparative analysis (fsQCA) to examine the accelerated internationalization of 33 contrarian cases of SMEs located in weak institutional environment. The data set has been collected through in-depth interviews with managers in Colombia (21 cases) and Peru (12 cases). Building on the findings, an integrative model for accelerated internationalization is presented. Findings The authors found that the combination of weak domestic ties and effectuation logic accelerated the internationalization of SMEs with fewer resource constraints. In contrast, strong domestic ties and causation behavior lead to accelerated internationalization of SMEs with greater resource constraints. They propose a model to help enrich the existing literature about the causal configurations for achieving accelerated internationalization in SMEs from weak institutional environment. Originality/value The contribution of this study is to provide empirical evidence to address three shortcomings in the literature. First, the mixed results regarding the impact of strong and weak domestic ties and decision-making logic in the accelerated internationalization of SMEs; second, the limited research on domestic networks; and third, the scarce investigation in weak institutional environment, where the emphasis on constrained resources is higher.

scholarly journals BIM adoption and implementation: focusing on SMEs

2020 ◽  
Vol 20 (1) ◽  
pp. 128-147 ◽  
Author(s):  
Christos Vidalakis ◽  
Fonbeyin Henry Abanda ◽  
Akponanabofa Henry Oti
Keyword(s):  
Quantitative Methods ◽  
Small And Medium Enterprises ◽  
Knowledge Exchange ◽  
Full Potential ◽  
Content Type ◽  
Factors Affecting ◽  
Qualitative And Quantitative Methods ◽  
Adoption And Implementation ◽  
The Uk ◽  
Medium Enterprises

Purpose To reach its full potential, Building Information Modelling (BIM) should be implemented throughout the supply chain. The purpose of this study is to explore BIM implementation and adoption among Small and Medium Enterprises (SMEs) in the UK Architecture, Engineering and Construction (AEC) sector. The paper addresses two key issues: the slow rate and lack of homogeneity of BIM adoption in the SME sector. Design/methodology/approach The study uses qualitative and quantitative methods to investigate BIM uptake and test for correlations between organisational features and BIM aspects. The sample includes data from SMEs based in the South East of England, which are then analysed using descriptive and inferential statistics. Findings The results show that, although SMEs have some understanding of BIM-related concepts, their familiarity with existing BIM software support systems is particularly low. Limited financial capacity is identified as the primary barrier to BIM adoption while knowledge exchange initiatives are the most useful measure in facilitating further implementation. The variations of SMEs in the adoption and implementation of BIM are mostly affected by company size, professional discipline and offered services. The paper also demonstrates that a one-size-fits-all approach to BIM implementation in the AEC sector has limited potential. Originality/value The heterogeneity of SMEs in the AEC sector has been considered to a very limited extent. This paper considers the nature, characteristics and core business areas of SMEs as factors affecting BIM adoption and implementation.

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